Florida to license more Black marijuana farmers; adult-use campaign tops $60M
Three Black farmers in Florida are eligible to receive medical marijuana cultivation permits under a bill Gov. Ron DeSantis recently signed into law. The potential expansion comes as the campaign to legalize recreational marijuana heats up in the state, with total...
Organigram invests 14 million euros in German cannabis operator Sanity Group
Organigram Holdings is investing 14 million euros ($14.9 million) in Berlin-based cannabis operator Sanity Group as the Canadian producer seeks expansion in Germany. According to a news release, the funding from Organigram’s strategic investment pool, named...
Global marijuana expansion and M&A: Q&A with Curaleaf Chair Boris Jordan
LONDON – Massachusetts-based marijuana multistate operator Curaleaf Holdings first entered the European market in 2021 with the acquisition of Emmac Life Sciences. Two years later, the company purchased a Portuguese marijuana cultivation facility from Colombian...
Proposed THC regulations threaten Japanese CBD industry
(This is a contributed guest column. To be considered as an MJBizDaily guest columnist, please submit your request here.) In late 2023, Japan made its first major amendment to the Cannabis Control Act in 75 years. This change relaxed regulations for the CBD and hemp...
Arkansas judge upholds state’s first medical cannabis license revocation
An Arkansas judge upheld the license revocation of a medical cannabis dispensary that allegedly sold expired products to patients. Green Springs Medical Marijuana Dispensary, based in Hot Springs, was ordered by Circuit Court Judge Kara Petro to sell or dispose of all...
Medical marijuana legalization passes North Carolina Senate for 3rd year in row
The North Carolina Senate on Monday night passed a bill legalizing medical marijuana for the third consecutive year. However, according to Raleigh TV station WRAL, the prospects of the “strictest-ever” medical cannabis bill passing the state House of...
What cannabis executives are looking for in an acquisition target
Acquiring a company can be a strategic move for businesses seeking growth, diversification or market expansion. The process involves a series of steps, from identifying potential targets to negotiating terms and completing the transaction. ADVERTISEMENT But in a...
Execs of marijuana MSO Good Day Farm raising $65 million in equity offering
Some executives and financial backers of marijuana multistate operator Good Day Farm are affiliated with an Arkansas company aiming to raise $65.6 million to invest in Louisiana’s medical cannabis market and other locations. According to a May filing with the...
Ohio gives initial approval for first adult-use cannabis licenses
(This story has been updated to include a table of the companies that qualify for dual-use licenses.) Ohio regulators have informed 62 medical marijuana licensees that they qualify to participate in the state’s soon-to-launch adult-use cannabis industry. However,...
Pennsylvania marijuana operators vexed by state-mandated software
Pennsylvania’s medical marijuana retailers recorded more than $1.3 billion in sales last year despite hiccups and outages that operators say could be avoided if state-mandated track-and-trace software worked properly – or, at least, the way it’s supposed...
Cronos Group pumps $51M into joint venture to expand cannabis production
Canadian cannabis producer Cronos Group is funding its joint venture, Cronos Growing Co., with a $51 million ($70 million Canadian dollars) secured credit line to expand operations to meet increased global demand. As part of the transaction, Cronos will appoint three...Featured
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