Marijuana Cultivation

Oregon county seeks state financial help to curb illegal cannabis firms

A county sheriff in southwest Oregon is asking for money from the state to investigate illegal marijuana operations, saying his department lacks the resources to do so. Any closure of illegal operators could benefit licensed MJ businesses, which often are undercut by such enterprises. Shutting down illegal cultivators also would reduce supplies. Josephine County Sheriff […]

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Week in Review: Big bank drops pro-MMJ candidate, cannabis class action suit & PA growers’ sales

Banking giant Wells Fargo closes the account of a Florida candidate who supports medical marijuana, a class action suit is filed on behalf of cannabis growers in a California county, and Pennsylvania MMJ growers/processors are on pace for $5 million in sales in their first year. Here’s a closer look at some notable developments in […]

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Marijuana firm Invictus to spin off vape subsidiary in move to tap US, global markets

Canadian cannabis producer Invictus plans to spin off wholly owned subsidiary Poda Technologies as it looks to tap into U.S. and global business opportunities. The Vancouver-based firm, which trades on the TSX Venture Exchange under the ticker symbol GENE, plans to turn Poda into a stand-alone entity valued at roughly $1.9 million, according to a […]

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Class action suit filed on behalf of cannabis growers in California county

A class action lawsuit was filed in an attempt to win back roughly $16 million in taxes and fees paid to a California county by cannabis growers that were hoping to gain local and state licenses. The suit, filed Aug. 3 against Calaveras County in northeastern California, alleges county officials “unlawfully compelled” cannabis growers to […]

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Breaking down the big deal behind Constellation’s bet on cannabis and Wall Street’s involvement

Constellation Brands’ multibillion-dollar wager on Canopy Growth is huge – record setting even – but a much larger story is lighting up across the cannabis industry: Wall Street has arrived. Financial heavyweights Goldman Sachs and Bank of America Merrill Lynch are officially dabbling in the marijuana industry now, which is a move observers call a […]

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Louisiana expected to begin growing medical cannabis Aug. 17

Louisiana’s first legal crop of medical marijuana can be planted this week. Agriculture Commissioner Mike Strain, whose agency regulates the state’s burgeoning industry, loosened a regulatory logjam that created a monthslong delay. Strain’s team met with Louisiana State University AgCenter Chancellor Bill Richardson and the head of the school’s marijuana contractor, GB Sciences Louisiana, to […]

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Dispensary on Hawaii’s Big Island approved to cultivate medical marijuana

The Hawaii Department of Health signaled a green light for a medical cannabis dispensary to start growing on the Big Island. Hawaiian Ethos is the seventh dispensary to open a production center in the state and the first on the Big Island. The Big Island, which has the second-highest patient count behind Oahu, was the […]

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Canadian company cancels $8.3 million deal to buy Maine marijuana grow operation

Canada-based C21 Investments has nixed a deal to spend up to $8.3 million for a cultivation operation in Maine that subsequently was linked to an alleged black-market grow. The Bangor Daily News reported Tuesday the cancellation of the deal, which C21 had disclosed June 28 in a news release. C21, which has made a flurry […]

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