Pennsylvania Medical Cannabis Business & Marijuana Legal News

Cultivators, MJ executives say Eastern US marijuana prices remain strong as industry grows steadily

Up and down the Eastern United States, cannabis growers and business owners are reporting healthy prices for pounds of marijuana, both medical and recreational. Prices range from $2,000 a pound for flower all the way up to $4,200, depending on the state. But cultivators are still facing regulatory hurdles and the growing pains of keeping […]

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Harvest agrees to halt quest for two medical cannabis licenses in Pennsylvania

Harvest Health & Recreation, an Arizona-based multistate cannabis company, reached an agreement with Pennsylvania regulators to drop two permits for affiliated medical marijuana companies it was pursuing in the state. Harvest no longer will pursue permits for Harvest of Northwest PA and Harvest of North Central PA. The company also will not operate the two facilities […]

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Week in Review: IL ups MMJ program, more CannTrust woes, NM studies legalizing adult-use cannabis & more

Illinois adds more qualifying medical cannabis conditions, CannTrust hit with second noncompliance notice for another facility, New Mexico panel studies the potential to legalize recreational marijuana in the state – and more of the week’s top cannabis business news. Illinois boosts MMJ as it preps for adult use Illinois Gov. J.B. Pritzker took measures to […]

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Pennsylvania medical marijuana market boosted after adding anxiety

Pennsylvania medical cannabis sales are getting a big lift from the addition of anxiety as a qualifying condition. In less than a month, 3,000 people were certified to buy medical marijuana because of anxiety disorders, the Pennsylvania Capital-Star reported, citing state health officials. The qualifying condition became effective July 20. State health officials said 180,000 patients […]

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What medical cannabis firms might learn from Harvest’s compliance conundrums

Harvest Health & Recreation is in high-stakes clashes with medical marijuana regulators in Pennsylvania and Ohio, and the disputes could potentially offer other MMJ firms cautionary lessons around the necessity to maintain extremely pristine regulatory compliance in state-legal markets. At stake for Harvest are more than a dozen dispensary, processing and cultivation licenses in the […]

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Canada’s TerrAscend looks to snap up US marijuana firm Ilera for up to $225 million

TerrAscend, an Ontario, Canada-based vertically integrated cannabis company, agreed to acquire Ilera Healthcare, a Pennsylvania-based marijuana cultivator, processor and dispensary operator for up to $225 million (CA$297 million). The total cost of the transaction will depend on Ilera reaching certain revenue and profitability targets. For now, TerrAscend is set to pay $25 million in cash and […]

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Week in Review: CannTrust considers its options, Cresco rebrands, Harvest’s cannabis regulatory tumult & more

Troubled CannTrust hires an adviser to explore a possible sale, Cresco rebrands its dispensaries, Harvest Health & Recreation hits some regulatory snags in Pennsylvania and Ohio – and more of the week’s top marijuana business news. Amid turbulence, CannTrust seeks ‘strategic alternatives’ To cap off a rough-and-tumble month for Canadian marijuana producer CannTrust Holdings, the company’s board […]

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Harvest wants to regain Pennsylvania medical marijuana license

Arizona-based Harvest Health & Recreation said it will challenge the decision by Pennsylvania regulators to revoke the license of a medical cannabis cultivation operation it recently acquired. Regulators refused to renew the permit of Agrimed Industries one month after a surprise state inspection found numerous violations, including nonfunctioning security cameras and the lack of records […]

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Pennsylvania regulators strip cultivator of medical cannabis license

Pennsylvania regulators revoked the permit of one of the state’s medical cannabis cultivators for allegedly violating production and security regulations. The action against Agrimed Industries comes roughly a month after a surprise state inspection found numerous violations that raised concerns that some plants may have been diverted to the illicit market, according to The Philadelphia Inquirer. Agrimed, […]

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Philadelphia medical marijuana research center in flux

A Philadelphia research center that initially was expected to provide an economic boost to the medical cannabis industry is fighting for survival. The Lambert Center for the Study of Medical Cannabis and Hemp is struggling in the wake of losing key staff and allegations of mismanagement and sexual harassment, according to The Philadelphia Inquirer. A […]

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Jushi closes $63 million Pennsylvania deal for medical cannabis dispensary space

Jushi, a Florida-based marijuana company, closed an agreement to acquire Pennsylvania-based Franklin Bioscience in a $63 million deal. The purchase price for Franklin, which holds licenses for up to 12 medical marijuana dispensaries in Pennsylvania, is a combination of cash, debt and stock. Jushi entered into various acquisition agreements since it started trading on Canada’s […]

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