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Cultivation News

Suit alleges Florida medical marijuana law discriminates

A black farmer from Florida has filed a lawsuit alleging that business license requirements in the state’s medical marijuana law are so restrictive they prevent most black farmers from participating and therefore renders the program unconstitutional. The lawsuit was filed by Columbus Smith, of Panama City, according to Sunshine State News. Under Florida’s MMJ law, […]

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Canopy Growth moves into Danish medical cannabis market

Canopy Growth signed a strategic partnership to expand into Denmark and will invest 10 million Canadian dollars ($8.12 million) in the joint venture, continuing the flurry of activity in Europe by Canadian marijuana companies. Canopy Growth will form a joint venture with Danish Cannabis ApS, to be called Spectrum Denmark, to serve the needs of Danish medical […]

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Washington DC medical marijuana firm raises $3 million in financing

Holistic Industries, a medical marijuana company based in Washington DC, has raised $3 million from a pair of investment firms with ties to Florida’s MMJ industry. Franklin Street, which has principals in Florida and Georgia, partnered with the private fund adviser Full Moon Investments to finance the deal, according to a news release. The transaction […]

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MA holding company helps Israeli MMJ firm expand US reach

Medical marijuana research firm Tikun Olam has expanded its partnership with a canna-centric Massachusetts holding company that will eventually increase the Israeli business’ U.S. footprint to seven states. Under its new agreement with Newton, Massachusetts-based holding company MariMed, Tikun Olam’s MMJ products will be grown, manufactured and sold in four states where MariMed has a presence – […]

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Arkansas receives 300 applications for medical cannabis licenses

Arkansas received roughly 300 applications for medical marijuana business licenses, including about 200 on the final day the paperwork could be submitted. The Department of Finance and Administration took in 200-plus applications Monday on top of the roughly 100 that had been submitted since the process began, the Arkansas Democrat-Gazette reported. The turnout likely was […]

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Canadian marijuana firms raised $165.9M via debt instruments this year – and that’s just the start

By Matt Lamers

Canadian medical marijuana companies are starting to tap debt markets in a big way to fund their explosive growth, which until earlier this year had been financed almost entirely through stock offerings.

Cannabis companies raised $165.9 million via debt instruments – including convertible bonds, debentures and term loans – through August.

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LSU completes deal with medical marijuana producer

Louisiana State University has completed its contract with a company that will grow medical marijuana and expects production to begin as early as mid-2018. The LSU AgCenter said in announcing the arrangement Monday that its new partner, Las Vegas-based GB Sciences, will start renovating its production facility immediately, The Advocate reported. The deal was formalized […]

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In ‘historic’ deal, New Brunswick to buy CA$100 million of cannabis

New Brunswick entered into separate agreements with two of Canada’s largest licensed producers to buy 9,000 kilograms of cannabis per year worth 100 million Canadian dollars ($82 million) to meet demand for its recreational market when adult-use marijuana is legalized next summer. The groundbreaking deals could be a harbinger of things to come for Canadian […]

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Washington state considering recreational marijuana home grows

In a move that could have a serious impact on Washington marijuana retailers, the department overseeing recreational marijuana in the state will consider allowing home cultivation for adult use. The Washington State Liquor and Cannabis Board (LCB) announced in a news release that it will hold a public hearing Oct. 4 to solicit public input […]

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