Arizona-based American Green’s goal of transforming a California ghost town into the “Epcot Center” of marijuana has run into serious turbulence. The company issued a news release revealing that it had sold its holdings in the California border town of Nipton to Delta International Oil & Gas for some $7.7 million. American Green, a publicly […]Read More
MedMen strikes up a cannabis partnership with Canada’s Cronos Group, California’s Humboldt County considers reopening its licensing process, and a judge tells Arkansas to stop issuing medical marijuana licenses. Here’s a closer look at some notable developments in the marijuana industry over the past week. Brave new world? Multistate cannabis giant MedMen’s collaboration with a […]Read More
Massachusetts’ looming recreational marijuana market has the potential to be one of the most prosperous in the nation.
Under rules finalized this month, cannabis entrepreneurs face no license caps for an assortment of business categories, edibles and many other goods are permitted, and there are opportunities to build a brand.
But applicants seeking to set up shop when the Bay State’s adult-use industry opens this summer will face a gauntlet of requirements that have already derailed scores of aspiring medical marijuana businesses.Read More
The first country in Africa to regulate medical marijuana has attracted another significant international investor, this time from a large Canadian licensed producer. Toronto-based Supreme Cannabis will invest 10 million Canadian dollars ($7.7 million) for a 10% stake in Medigrow Lesotho, the companies announced in a news release. Based in the Kingdom of Lesotho in […]Read More
A cannabis industry-focused job recruitment firm has raised $2.5 million in seed funding. Denver-based Vangst will use the capital to expand its online jobs marketplace and improve recruiting technology and internal infrastructure, according to a company news release. The funding round was led by Lerer Hippeau, a New York-based venture capital firm with worldwide investments. […]Read More
It didn’t take long for Snoop Dogg’s venture capital firm to invest some newly raised capital. Only a week after closing a $45 million funding, the rapper’s Casa Verde Capital on Monday led a 4.3 million Canadian dollar ($3.3 million) seed investment in Green Tank Technologies, a Toronto-based vaporization hardware developer. According to a news release, […]Read More
A day after Canada released detailed packaging requirements for recreational cannabis, executives and analysts warned that the rules are so restrictive that the government is risking a “policy fail.” The new regulations, in many ways, are more restrictive than the packaging rules for tobacco, a disappointment for marijuana companies that had been lobbying for rules that […]Read More
Iowa has awarded Oregon tech company BioMauris a contract to run a seed-to-sale platform for the state’s upcoming low-THC medical marijuana program, according to a news release from the company. The contract for BioMauris’ software platform will be worth $300,000 to the company, a spokesman said. The arrangement will run for two years with Iowa having […]Read More
After Attorney General Jeff Sessions ripped up the Cole Memo and gave U.S. attorneys greater leeway to prosecute marijuana businesses, many industry executives and experts wondered whether the days of the federal government leaving legal cannabis alone were over.
Many lawyers and others argue that the new Sessions Memo didn’t change much.
A landlocked nation in southern Africa is on the cusp of opening major medical cannabis opportunities both domestically and internationally, provided government and businesses overcome near-term obstacles. The opportunity for Lesotho’s economy to become a supplier of medical cannabis and ancillary services to other countries in Africa where medical cannabis laws are in the works – […]Read More
Weedmaps apparently doesn’t plan to drop its listings for unlicensed California marijuana businesses any time soon. In a letter sent Monday to the California Bureau of Cannabis Control, the online marijuana advertising giant wrote that it is “not a Licensee subject to the Bureau’s purview.” The letter – signed by Weedmaps CEO Doug Francis and […]Read More
Colorado-based Helix TCS, a publicly traded ancillary marijuana company, said it signed a merger agreement with BioTrackTHC, a Florida-based seed-to-sale cannabis tracking software company.
The deal’s price tag wasn’t disclosed.
According to an 8-K filing, BioTrackTHC stakeholders will own 48% of Helix TCS once the merger is finalized.Read More
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