Infused Products & Extraction

Marijuana M&A activity spikes as some cannabis pioneers cash out

Merger and acquisition activity is accelerating across the cannabis industry as more companies land multimillion-dollar capital infusions and ink deals aimed at growing market share. The momentum is giving more company founders an opportunity to cash out at an attractive price – or leverage the deals to launch their next venture. The flurry of activity […]

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Week in Review: FDA approves CBD drug, Arizona court bans marijuana extracts & federal cannabis reform

The FDA signs off on a cannabis-derived drug to treat epilepsy, an Arizona court says marijuana extracts are illegal in the state, and a bill that would deschedule MJ is introduced in Congress. Here’s a closer look at some notable developments in the cannabis industry over the past week. CBD’s ‘immutable support’ Marijuana advocates have […]

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Court ruling could have cooling effect on AZ’s $425M medical cannabis market

Cannabis extracts, which account for almost half of Arizona’s medical marijuana sales, are illegal, according to the state’s Court of Appeals. The court’s 2-1 ruling is a blow to one of the nation’s largest, fastest-growing MMJ markets, alt-weekly Phoenix New Times reported. Upwards of 40% of Arizona’s medical cannabis sales come from concentrates and infused […]

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July 1 could be ‘extinction event’ for some California cannabis businesses

Many California marijuana companies are worried if they will survive past the state’s July 1 deadline for complying with a comprehensive set of readopted and updated emergency regulations. The deadline to sell product that hasn’t passed mandated tests might even prove an “extinction event” for businesses struggling to comply, observed Pamela Epstein, founder of Los […]

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California marijuana vape pen maker to expand into Nevada

The interstate expansion race continues in the cannabis industry, with the latest participant being California-based Bloom Farms, a longtime vape pen and cartridge maker. The Oakland company has expanded into the Nevada market and is already selling product in nine different retail locations in Las Vegas, Reno, the Lake Tahoe area and Carson City, according […]

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Week in Review: SBA says no to cannabis, Maine advances rec MJ & Scotts Miracle-Gro shrinks

The U.S. Small Business Administration bars banks from issuing SBA-backed loans to marijuana- and hemp-related companies, Maine lawmakers override a veto of key adult-use legislation, and Scotts Miracle-Gro consolidates its cannabis operations. Here’s a closer look at some notable developments in the cannabis industry over the past week. SBA shuts off the spigot Small businesses […]

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New SBA lending rules could curb loans to marijuana and hemp businesses

The U.S. Small Business Administration updated its lending guidelines with new rules that could have a major impact on businesses servicing the marijuana and hemp industries – not just plant-touching companies. The revised guidance, published in early April, prohibits banks from issuing SBA-backed loans to any company that has a direct business relationship with a cannabis or […]

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Marijuana-infused products maker Dixie Brands lands $4M in funding

Dixie Brands, a marijuana-infused products maker in Denver, landed $4 million in its latest funding round. The company is the parent of Dixie Elixirs, which offers a range of cannabis-infused drinks, sweets, topical ointments and other products. Dixie Brands CEO Chuck Smith said the money will be used for product and distribution expansion, according to BusinessDen.com. […]

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US-focused marijuana company agrees to purchase Canadian grower

A Toronto-based marijuana company focused on U.S. recreational and medical cannabis markets plans to spend about 23 million Canadian dollars ($18.3 million) in cash, stock and warrants to acquire a small licensed producer in Ontario. MPX Bioceutical agreed to acquire Peterborough-based Canveda for CA$3 million in cash, CA$15 million in stock plus the issuance of 6 […]

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Quebec inks ‘bombshell’ supply deals for 359 tons of cannabis

Canada’s second-largest province by population signed multiyear supply deals with six licensed cannabis cultivators for its recreational market, a move that provides much needed certainty for businesses and investors, analysts say. The six companies will supply an aggregate of approximately 325,000 kilograms (359 tons) of cannabis over the life of the deals. Quebec-based Hydropothecary got the […]

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Marijuana infused products firm lands $6 million in funding

A California-based cannabis infused products manufacturer on Monday closed a roughly $6 million Series B capital raise in the latest sign of rapid growth in that sector of the marijuana industry. Plus Products, headquartered in Palo Alto, announced in a news release it intends to invest the money in automation, product development and expansion of […]

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Organa Brands co-founder Ralph Morgan departs for new CBD venture

The co-founder of marijuana vape manufacturer Organa Brands is leaving to start a new company focused on hemp-derived wellness products. Ralph Morgan said he is still exploring a name and headquarters location for his new company, which will produce cannabidiol concentrates marketed to a medical audience, not recreational marijuana consumers. Morgan told Marijuana Business Daily […]

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