United States Cannabis Industry & Marijuana Business News

Louisiana medical marijuana sales could launch in May

Published 20 hours ago

Barring any more unforeseen hurdles, medical cannabis sales in Louisiana might begin as soon as next month. But before the state gives the greenlight, it needs the all-clear from testing labs. The Louisiana Department of Agriculture and Forestry is holding off on authorizing sales until pesticide tests ensure no MMJ products are contaminated, according to Baton […]

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Florida adds eight more medical marijuana business licensees

Published 22 hours ago

Florida’s medical cannabis marketplace is set to see a significant boost in the number of businesses that can operate in the state as regulators approved licenses for eight more firms in addition to the 14 existing MMJ operators. The state will grant the additional licenses to companies that failed to gain approval during the first […]

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Acreage to buy Nevada cannabis company Deep Roots for $120 million

Published 23 hours ago

On the same day it announced it was being acquired by Canada’s Canopy Growth in a groundbreaking deal, New York-based marijuana firm Acreage Holdings unveiled it is buying Deep Roots, a vertically integrated cannabis company based in Nevada. The $120 million deal was secured through Acreage subsidiary High Street Capital Partners. Once all its current […]

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Canopy strikes groundbreaking cannabis-sector deal to buy Acreage for $3.4 billion

Published April 18, 2019 | By Matt Lamers

Get more in-depth analysis of this deal – and others in the cannabis industry – with an Investor Intelligence subscription. Marijuana industry leader Canopy Growth has struck a deal to buy New York-based Acreage Holdings in what would be the first major Canada-U.S. cannabis transaction – but the purchase won’t be executed until the U.S. government removes […]

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L.A. city attorney launches new crackdown on illegal marijuana shops

Published April 18, 2019

Los Angeles City Attorney Mike Feurer announced a new push against illegal cannabis shops, starting with a civil lawsuit filed against one illicit operator in south L.A. and several business associates. Legal marijuana businesses in California likely will take careful note as this clampdown effort progresses, because they’ve long argued that illegal operators severely impact […]

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Leaving no county unheard on cannabis: Q&A with Pennsylvania Lt. Gov. John Fetterman

Published April 18, 2019 | By Jeff Smith

Pennsylvania successfully rolled out a medical marijuana program and now, having reversed course and with legalization pressure building in the Northeast, Democratic Gov. Tom Wolf is open to considering legalizing adult-use marijuana. The state’s approach is a deliberate one. As a first step, Lt. Gov. John Fetterman is conducting “listening sessions” in each of the […]

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Reports: Canopy Growth to buy Acreage Holdings, creating North American cannabis giant

Published April 17, 2019

Get more in-depth analysis of this deal – and others in the cannabis industry – with an Investor Intelligence subscription. Canada’s Canopy Growth is close to a deal to acquire New York-based marijuana multistate operator Acreage Holdings, multiple sources, including CNBC and Bloomberg, reported Wednesday. If true, it would be the first cross-border deal involving a Canadian marijuana licensed […]

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