Pennsylvania Medical Cannabis Business & Marijuana Legal News


Cannabis firm Harvest Health seals $25 million Franklin Labs purchase

Multistate marijuana operator Harvest Health & Recreation announced on Friday it closed on its previously announced $25.5 million purchase of Pennsylvania medical cannabis company Franklin Labs. The closing comes a day after Harvest revealed that it would no longer buy Chicago-based Verano Holdings, which was for a time was one of the biggest merger and acquisitions announced […]

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Harvest Health, Verano end mammoth marijuana merger

What was one of the largest acquisitions ever announced in the marijuana industry – a deal valued at $850 million when Phoenix-based multistate marijuana operator Harvest Health & Recreation said a year ago it would buy Chicago’s Verano Holdings – has been mutually terminated, the two companies said Thursday. The coronavirus and other financial and regulatory […]

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Pennsylvania approves four firms to grow cannabis for research

Four more medical marijuana companies – including multistate operator Curaleaf – have been approved by Pennsylvania regulators to grow MMJ that state universities can use for research. Curaleaf, which is based in Massachusetts but seeking a license to sell medical marijuana in Pennsylvania, is contracted to grow MMJ for the Perelman School of Medicine at the […]

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Wholesale marijuana prices

The median price of a pound of marijuana flower sold or transferred to a retail store in Colorado rose to a record $1,316, according to the most recent state data.

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Medical cannabis products removed from Pennsylvania shops

TerraVida Holistic Center, the largest medical marijuana retailer in Pennsylvania, removed Standard Farms products from its stores after allegations surfaced that former executives of the company broke public safety laws. TerraVida removed Standard Farms vape cartridges, tinctures and other marijuana extracts from its stores, according to The Philadelphia Inquirer.

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Why some marijuana firms are rebranding in response to cannabis industry’s changing business climate

As the cannabis industry has moved to shed the “stoner” stereotype many have held of its consumers, several marijuana businesses are rebranding themselves via name changes and other steps to try to reflect the companies they’ve become.  Whether the decision revolves around an initial public offering (IPO), including Akerna’s, or the acquisition of multiple dispensaries such […]

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Recreational marijuana licensing

Michigan issued the first adult-use marijuana licenses to Exclusive Brands, a  business planning to grow and sell MJ for recreational use when it becomes legal in the state on Dec. 1. Licenses also were given to PSI Labs, which test marijuana, and Real Life Solutions, an event organizer.

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Nevada lawsuit

Pennsylvania’s medical marijuana dispensaries sold more than $500 million in MMJ products since sales began two years ago, a state official said Wednesday.

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Pennsylvania residents want adult-use marijuana but frown on state-run sales

The majority of Pennsylvania voters support legalizing recreational cannabis, but they don’t want state-run stores selling the products, according to a poll. State lawmakers recently unveiled legislation that calls for retail cannabis stores to be operated by Pennsylvania’s Liquor Control Board, a move that would heavily restrict private business opportunities. The bill was introduced just […]

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Acreage Holdings inks $72 million cannabis real estate deal

Acreage Holdings, a multistate marijuana operator, signed a sale-leaseback deal valued at more than $72 million for cannabis facilities in several states with GreenAcreage Real Estate, a real estate investment trust (REIT) that focuses on the MJ space. New York-based Acreage Holdings said on Friday it already closed deals with GreenAcreage for facilities in Florida, […]

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