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Utah drops residency restriction for medical cannabis growers
Utah regulators eliminated a proposed residency requirement for the 10 medical marijuana cultivation licenses the state is set to award in late July, which could result in possible out-of-state ownership.…
News July 17Curaleaf agrees to acquire marijuana giant Grassroots for $875 million
Massachusetts-based Curaleaf, a cannabis company with a market cap of about $3.6 billion, on Wednesday agreed to buy privately owned Grassroots Cannabis for $875 million in stock and cash.
News July 17California government report finds regulators are unable to fully oversee the state’s marijuana market
A new audit by California’s Department of Finance found regulators have a long way to go before they have a solid handle on the state’s cannabis industry. The report concluded…
News July 17Cannabis banking reform secures landmark US Senate panel hearing
A key U.S. Senate panel will meet next week to consider steps that could make it easier for marijuana companies to obtain banking services, a move that could pave the…
News July 16California county raids huge illegal marijuana grow
Yet another California county raided an enormous cannabis grow, seizing a whopping 9,000 unlicensed plants. This one – which took place in wine country’s famed Sonoma County – is part…
News July 16Cannabis firm Arcview gets $7.7 million funding, new ownership
Dallas-based marijuana investment firm Cresco Capital Partners and another private equity group are taking control of The Arcview Group, an MJ investment company in Oakland, California.
News July 16Aurora sole winner of Italian medical cannabis tender, but average price is low by most standards
Aurora Deutschland - the German subsidiary of Alberta-based Aurora Cannabis - won all three "lots" to supply Italy with a total of 400 kilograms (880 pounds) of medical marijuana over…
News July 16Early Cannabis Investors Poised to Reap Massive Rewards of Growing Institutional Interest
As support for federal U.S. cannabis reform continues to build, institutional investors are taking notice - and once they make the leap, investors already in the space are well positioned…
News July 16Chart: Most wholesale cultivators competing on marijuana quality
Many wholesale cannabis growers choose to compete on quality, even while market forces favor growers who can reliably supply low-cost cannabis. Nearly half of U.S. cultivators are attempting to make…
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