Cannabis companies confront fewer funding opportunities, Vireo Health taps Bruce Linton to help the multistate operator expand, a Massachusetts judge rules an emergency ban on vapes can’t be enforced for medical marijuana patients – and more of the week’s top cannabis business news. Marijuana investment activity slows Cannabis companies are struggling to thrive as […]
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Michigan nets 52 adult-use marijuana applications on first day
Marijuana regulators in Michigan received 52 recreational cannabis business license applications on the first day of the application period, a modest number because most communities initially decided to opt out of the program. “With that level of municipal participation, it’s not surprising that applicants are waiting and wanting to see how the landscape unfolds,” Andrew […]
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Michigan marijuana firm raises a total of $25 million
C3 Industries, a cannabis producer and retailer based in Ann Arbor, Michigan, raised $16.5 million in private financing, allowing it to expand into existing markets and enter a new one. C3, which has raised more than $25 million this year, including the last financing round, said Monday it plans to expand operations in Massachusetts, Michigan […]
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Cannabis firm Green Thumb refuses to recognize Illinois union effort
Chicago-based Green Thumb Industries, a vertically integrated multistate cannabis company, is refusing to recognize a newly formed Teamsters unit at its cultivation facilities in Rock Island, Illinois, saying the union failed to hold a vote among GTI’s employees on the decision. “GTI respects the rights of our employees,” the company told Marijuana Business Daily in […]
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20 Denver marijuana dispensaries fail mold and yeast tests
Random tests for mold and yeast at more than two dozen Denver-area cannabis dispensaries resulted in 20 stores being ordered to hold or quarantine their cannabis flower, shake or pre-rolled joints. The Denver Department of Public Health and Environment conducted 25 tests over a two-day period in September, according to alt-weekly newspaper Westword, which analyzed […]
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Massachusetts plans marijuana, tobacco vape financial impact estimate
Massachusetts Gov. Charlie Baker’s administration on Friday plans to file a statement estimating the financial impact to small-business owners from the statewide ban on all vaping products. The Republican governor also plans a Nov. 22 public hearing on the statewide ban, which was the first in the nation. In September, Massachusetts banned the sale of […]
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Medicine Man Technologies looks beyond Colorado after nearly $300M buying spree
Medicine Man Technologies is undergoing a growth spurt of historic proportions, including visions for national and even international expansion that are a long way from the company’s humble beginnings. At the beginning of this year, the Denver-based company was largely a cannabis consulting company with annual revenues of less than $10 million. Now, after an […]
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L.A. Council president requests redo of retail marijuana licensing round, sending shockwaves through market
More confusion was added to the mix in Los Angeles this week over the city’s latest marijuana business licensing round after City Council President Herb Wesson called for the process to be redone, thus throwing into doubt the fate of 100 highly coveted cannabis retail licenses in the largest MJ market in the world. Some […]
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Curaleaf amends Cura Partners marijuana deal; antitrust hurdle cleared
Curaleaf, a Massachusetts-based, multistate cannabis operator, is amending the terms of its pending acquisition of Cura Partners because of changing market conditions. Curaleaf, which initially announced the proposed deal in May for an estimated price of almost $1 billion, will now issue 55 million of its shares instead of the original 95.6 million shares in the […]
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Maine cannabis retailers see spike in vaporizer sales after Massachusetts vape ban
Cannabis retailers in Maine are seeing a spike in sales of vape cartridges, likely a result of the ban on sales of vaping products in neighboring Massachusetts. The ban appears to have spurred Massachusetts cannabis consumers to trek north to purchase vape merchandise across the border, although it is illegal for people to take marijuana […]
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