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Cannabis oil firm PharmaCielo to buy Australia’s Creso Pharma for roughly $85M

Toronto-headquartered PharmaCielo agreed to purchase Creso Pharma, an Australian-traded cannabis oil producer, for 122 million Australian dollars ($85 million).

News June 6
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Report: Minnesota’s two medical cannabis firms post $2.4 million in red ink in 2018

Minnesota’s two medical marijuana companies, Leafline Labs and Minnesota Medical Solutions, lost a combined $2.4 million in 2018, continuing the losses that have marked the state’s program since it began in…

News June 6
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Weekly Deal Watch: Cannabis capital raises keep up 2019 pace, led by debt

Capital raises in the North American cannabis industry continued their rapid year-over-year climb the last two weeks, raising the second-largest amount of debt for the industry so far this year.

News June 6
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New lawsuit alleges marijuana delivery giant Eaze engaged in payment processing fraud

Cannabis tech platform and delivery giant Eaze Solutions is facing a new legal challenge to its business model, this time from a Canadian competitor that also runs a delivery platform…

News June 6
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Domino effect? Illinois marijuana legalization could spur other states to do same

Illinois, the nation’s first state to legalize commercial recreational marijuana through its Legislature, may spark similar legalization efforts elsewhere in the country – and could serve as a blueprint for…

News June 6
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Medicine Man agrees to acquire Colorado’s largest outdoor marijuana grower, manufacturer

Denver-based Medicine Man Technologies agreed to purchase Colorado’s largest outdoor cannabis grower as well as a local manufacturing and dispensary company, saying a new state investment law paved the way…

News June 5
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Connecticut adds five medical cannabis conditions, will consider chronic pain

Medical marijuana companies in Connecticut likely will see a boost in business after the state expands its MMJ program with five new qualifying conditions. A board of physicians recommended the new…

News June 5
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California cannabis trade group threatens to sue L.A. over lack of enforcement against illegal shops

Unlicensed marijuana shops still plague Los Angeles’ legal cannabis operators, and the California Minority Alliance (CMA) said it may sue the city attorney’s office if the agency doesn’t step up…

News June 5
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The similarities between liquor and cannabis: Q&A with ex-Mike’s Hard Lemonade exec Anat Baron

Self-described “natural born risk-taker” Anat Baron made her mark as an executive with Mike’s Hard Lemonade and helped drive the startup beer competitor to national prominence between 2001 and 2004.…

News June 5
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