Minnesota Medical Cannabis Business & Marijuana Legal News

Marijuana company Vireo Health wagers on former Canopy co-CEO Linton to expand nationally

To help expand its national footprint, multistate marijuana company Vireo Health International has hired Bruce Linton, one of the biggest names in the cannabis industry and former leader of Canada’s Canopy Growth until his surprise firing in the summer. It’s a high-profile hire for the U.S. cannabis industry, one that many executives and investors across […]

Read More

Vaping crisis creates adult-use cannabis hurdle in Minnesota

The vaping crisis is making some lawmakers in Minnesota reluctant to support recreational marijuana legalization in the state. Cannabis opponents latched on to the outbreak as a reason for the state to slow down legalizing adult-use marijuana, according to the Star Tribune. The outbreak came at nearly the same time that marijuana advocates were rolling […]

Read More

Vireo agrees to milestone medical cannabis labor pact in Pennsylvania

Minnesota-based Vireo Health, a multistate marijuana operator, signed the first vertically integrated medical cannabis labor agreement in Pennsylvania, a deal that is being touted as a win for both the employees and the company. The three-year pact is between Vireo’s Pennsylvania Medical Solutions subsidiary and the United Food and Commercial Workers (UFCW) Local 1776. The […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More

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.

Read More