Recreational Marijuana News

California county shutters record illegal grow with 63,000 marijuana plants

Authorities in the famed wine country of Sonoma County, California, shut down the largest illegal marijuana grow operation in the county’s history, seizing roughly 63,000 unlicensed cannabis plants. County inspectors with the Permit and Resource Management Department on Aug. 28 came across five properties in south Santa Rosa that held a total of 63,241 illegal MJ […]

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Medicine Man Technologies’ acquisition of CO marijuana firm its ninth this year

A buying spree by Denver-based Medicine Man Technologies continues, with a deal announced Wednesday to buy Colorado Harvest Co. and its three cannabis storefronts for $12.5 million. Medicine Man Technologies said it is paying $4 million in cash and 2.8 million shares of common stock valued at $2.95 per share, equal to $8.5 million in […]

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Michigan officials issue marijuana recall for four products

The Michigan Marijuana Regulatory Agency issued a health bulletin recalling four cannabis products because of an ongoing investigation of an MJ testing lab whose business license was suspended last month. All four products apparently failed testing standards, one for a pesticide and three for heavy-metal contamination. The four products being recalled are: RSO Syringe Monster X […]

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California cannabis company accused of breach of contract, fraud

The owners of a high-profile marijuana shop in Southern California – Santa Ana’s 420 Central – are accused in a lawsuit of defrauding investors. The suit, filed in Orange County Superior Court of California, contains a host of salacious allegations, including one that founder and CEO Robert Taft ran an unlicensed marijuana grow operation in Sonoma County. […]

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Tilt Holdings reports increased marijuana revenue, second-quarter loss

Tilt Holdings, a Massachusetts-based company specializing in cannabis technology, reported revenue of $39 million in the second quarter, a 13% increase from the first quarter of 2019. Net loss for the second quarter, ending June 30, was $48.9 million, compared with a net loss of $5.3 million for the prior-year period. Tilt Holdings trades on […]

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Green Thumb reports increased cannabis revenue on net quarter loss

Green Thumb Industries (GTI), a vertically integrated, multistate marijuana company based in Chicago, on Wednesday reported revenue of $44.7 million for the second quarter, up 228% from the same period a year ago. Net loss for the quarter, ending June 30, was $22.2 million, compared with a net loss of $9.7 million in the first quarter […]

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Colorado to require mycotoxin testing for cannabis concentrates

Colorado regulators will require medical and recreational marijuana concentrates to be tested for mycotoxins beginning in September. The state’s Marijuana Enforcement Division sent a notice to the industry that, beginning Sept. 15, any concentrates made from marijuana on or after that date that failed microbial contaminant testing will be tested for mycotoxins. “Mandatory medical and retail […]

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