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New York-based marijuana REIT raises $141 million

GreenAcreage Real Estate Corp., a real estate investment trust (REIT) that serves the cannabis industry, on Monday announced it raised roughly $141 million when it completed a private placement of…

News August 26
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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.…

News August 26
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Green Thumb completes $60 million marijuana firm acquisition

Chicago-based Green Thumb Industries (GTI) announced Monday it completed its $59.6 million cash and stock acquisition of Fiorello Pharmaceuticals, one of 10 companies approved to operate a medical cannabis company…

News August 26
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DEA supports expanding cannabis research, but timing uncertain

The U.S. Drug Enforcement Administration (DEA) announced Monday that it will expand scientific and medical research of marijuana, a development that could ultimately boost industry prospects.

News August 26
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Nevada judge freezes permits for new recreational marijuana shops

A Nevada judge halted the licensing process for several dozen new adult-use cannabis stores, siding with companies that lost bids to win the lucrative permits. Clark County District Court Judge…

News August 26
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How Phylos Bioscience sent shockwaves through the cannabis industry with ‘Big Ag’ disclosure

Last December, East Fork Cultivars, an outdoor cannabis farm in the idyllic Illinois River Valley of Southern Oregon, partnered with Portland, Oregon-based agricultural genomics company Phylos Bioscience on a breeding…

News August 26
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As Brazil prepares for major changes, authorizations to import medical cannabis surpass 10,000

The number of total authorizations granted to individual Brazilian patients to import medical cannabis since the program launched in 2014 surpassed 10,000 at the end of June 2019, according to data…

News August 25
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Cannabis retailers should embrace out-of-state consumers – after they’ve taken appropriate steps

Medical and recreational cannabis retail stores near state borders have tremendous business opportunities.

News August 24
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Rhode Island cannabis company seeks arbitration against Acreage Holdings

Acreage Holdings, one of the largest multistate operators in the U.S. marijuana market, faces a demand for arbitration from a Rhode Island company that claims Acreage violated a contract agreement.…

News August 23
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