Florida Medical Cannabis Business & Marijuana Legal News

Week in Review: CannTrust’s cannabis regulatory woes, Florida MMJ caps, push for Congress’ support of STATES Act & more

CannTrust is zapped by Health Canada for unlicensed cannabis cultivation, Florida’s medical marijuana license caps and vertical integration regulations are ruled unconstitutional, marijuana advocates urge a U.S. Congressional panel to support states-rights marijuana legislation – plus more of the week’s top marijuana business headlines. Bad week for Canadian marijuana grower Ontario company CannTrust was hit […]

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Florida appeals court nixes medical marijuana caps, vertical integration

A Florida appellate court ruled that the state’s medical cannabis licensing system is unconstitutional, setting the stage for greatly expanded business opportunities in one of the country’s fastest-growing markets. Found unconstitutional were legislative measures that imposed license caps and vertical integration. “The takeaway here is that while the decision will most likely be appealed to […]

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Surterra taps new CFO from Kellogg, continuing cannabis hiring trend

Surterra Wellness, a fast-growing marijuana company based in Atlanta, on Tuesday announced it hired a highly paid executive from Kellogg Co. as chief financial officer. Fareed Khan, the latest Kellogg exec to leave the Fortune 500 company for the cannabis sector, will be in charge of corporate finance, investor relations, taxes and shared services for […]

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Green Growth acquires multistate marijuana firm Moxie in $310 million deal

Green Growth Brands, a cannabis company based in Ohio, agreed to pay $310 million in stock for multistate operator Moxie. Moxie is based in Long Beach, California, but sells both recreational and medical cannabis products from 250 retail outlets and dispensaries in five states. Green Growth, which is headquartered in Columbus but largely focuses on […]

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Cannabis company Surterra closes $100 million funding, adds executives

Surterra Wellness, an Atlanta-based medical cannabis company, closed a $100 million share offering whose net proceeds will be used to fund acquisitions and capital expenditure. The company also said it is taking on two new directors to help with corporate strategy: Ed Brown, former president and CEO of The Patron Spirits Co. Brown was a participant […]

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Surterra partners with Intrexon in $100 million licensing cannabinoid deal

Surterra Wellness, an Atlanta-based cannabis company with operations in Florida and Texas, announced it will partner with Hungary’s Intrexon Corp. in a $100 million licensing deal aimed at biosynthetic cannabinoid production. Surterra would use Intrexon’s proprietary yeast fermentation platform to boost its cannabinoid production. Surterra is a privately held company; Intrexon trades on the Nasdaq […]

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MedMen opens its first Florida medical cannabis dispensary

Multistate operator MedMen on Friday announced the opening of its first Florida medical marijuana dispensary, in West Palm Beach – the first of 12 such planned storefronts in the state. The California-based company said in a news release it’s also planning upcoming Florida dispensaries in Orlando and Key West. MedMen could eventually open as many […]

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Florida agriculture chief forms panel aimed at improving medical marijuana market

Florida Agriculture Commissioner Nikki Fried announced the members of her newly created advisory committee to advance the state’s medical cannabis policies, which could potentially bolster MMJ business in the state. The 18-member committee, which includes several of the state’s cannabis industry executives, will meet bimonthly to work to improve patient access, technology, innovation and other […]

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Marijuana Business This Week: MJBizConNEXT sees the future, critical California CBD hearing, Ohio eyes MMJ expansion & more

Here are some notable stories and events in the cannabis industry to watch for in the coming days: WHAT’S NEXT: More than 4,000 attendees and 300 exhibitors are flocking to New Orleans for MJBizConNEXT 2019, where they will contemplate what’s ahead for the ever-changing cannabis and hemp industries. For three days beginning Wednesday at the […]

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Green Growth eyes Florida medical marijuana market, nixes Arizona deal

Ohio-based medical marijuana company Green Growth is moving into Florida through a $54.65 million agreement to acquire Spring Oaks Greenhouses, an MMJ company based in the state. The acquisition, expected to close in August, would allow Green Growth to operate up to 35 dispensaries in Florida’s sizable medical cannabis market. Green Growth also announced the […]

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