Minnesota Medical Cannabis Business & Marijuana Legal News

Cannabis industry insiders brace for potential fallout as health officials report new vaping deaths, issue warnings

U.S. health officials were once again cautioning the public to refrain from using vaping products as related respiratory illnesses and even deaths continued to be disclosed last week. As of Friday, officials linked at least five fatalities to e-cigarettes and electronic marijuana vaping devices. The outbreak has some in the cannabis industry expecting at least a […]

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Vireo Health posts cannabis revenue rise, net loss for second quarter

Vireo Health, a Minneapolis-based multistate marijuana operator, on Thursday reported revenue of $7.2 million in the second quarter, up 70% from the same period a year ago. The net loss for the quarter, ending June 30, was approximately $1.9 million, compared with net income of $120,080 for the prior-year period. The company recently announced it […]

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Vireo Health moving fast as it focuses on cannabis science, consumers and shareholder value

Vireo Health, the Minneapolis-based vertically integrated cannabis company, has been very busy since it started trading on the Canadian Securities Exchange March 20. The physician-led group, which trades under the ticker VREO, has made acquisitions in four states since then, entering the Arizona, New Mexico, Massachusetts and Nevada markets. The fact that the two most […]

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Report: Minnesota’s two medical cannabis firms post $2.4 million in red ink in 2018

Minnesota’s two medical marijuana companies, Leafline Labs and Minnesota Medical Solutions, lost a combined $2.4 million in 2018, continuing the losses that have marked the state’s program since it began in 2015. But top executives from the two companies told the St. Paul Pioneer Press they are optimistic because of recent legislative changes that will make […]

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Smuggling case involving ex-execs at marijuana firm Vireo will proceed, court says

A Minnesota appellate court refused to dismiss interstate cannabis smuggling charges against two former Vireo Health executives, allowing the case to proceed to trial. Marijuana businesses have closely watched the situation because of its implications for MJ firms with affiliates in more than one state, the Rockland/Westchester Journal News noted. In this case, two Vireo Health officials […]

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Q4 revenue jumps 72% for cannabis group Vireo amid state expansion

Vireo Health International, the Minneapolis-based, vertically integrated marijuana firm, reported revenue of $5.6 million for the fourth quarter of 2018, up 72% from the same period the prior year. Net loss for the quarter totaled $1.2 million versus profit of just over $293,000 in the same period 2017. The net loss was attributable in part […]

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Vireo enters Arizona medical cannabis market

Vireo Health, a Minneapolis-based cannabis group, said it is expanding into Arizona with the acquisition of Arizona Natural Remedies (ANR). Vireo declined to disclose the value of the acquisition. The company, which started trading on the Canadian Securities Exchange earlier this month, will now operate in seven states. ANR operates a dispensary in Phoenix and an Amado-based cultivation […]

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US marijuana firm Vireo Health launches on Canadian exchange

Vireo Health, a Minnesota-based multistate operating cannabis company, started trading Wednesday on the Canadian Securities Exchange. Vireo has growing, dispensary and processing operations in six states. Vireo is trading under the ticker symbol VREO. More details can be found here.

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Minnesota adds Alzheimer’s as medical marijuana condition

Minnesota is adding Alzheimer’s disease as a qualifying condition for medical marijuana, a move that could provide a boost to MMJ sales. More than 94,000 Minnesota residents are afflicted with Alzheimer’s, according to the Alzheimer’s Association, but it’s unclear how many of those will enroll in the program. Those who do will be eligible to […]

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Autism, sleep apnea now part of Minnesota’s medical marijuana program

Patients in Minnesota with autism or sleep apnea could start receiving medical marijuana on Wednesday, an expansion that could give the highly regulated market a small boost in MMJ demand. But it’s unclear whether that expansion – announced by regulators last November – and recent market growth will be enough for the state’s two vertically […]

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