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Canadian cannabis firm Green Growth enters Arizona with $12M Desert Rose purchase
Toronto-based Green Growth Brands is entering its third U.S medical marijuana market with the $12.35 million cash acquisition of ZLJT and Arizona Natural Pain Solutions, better known collectively as Desert Rose.…
News January 31
Veteran marijuana advocate Steve Fox leaves NCIA to join upstart MJ trade group
Longtime marijuana advocate Steve Fox has left the National Cannabis Industry Association, which he co-founded, to join the upstart Cannabis Trade Federation to promote federal MJ reform. “It is a…
News January 31
CA credit union reveals that it’s been banking cannabis businesses for a year
A California credit union said it has been providing banking services to licensed marijuana businesses for roughly a year.
News January 31
Audit says Oregon marijuana regulators fail to meet basic standards
A new audit released by the Oregon Secretary of State examined the state’s regulation of the cannabis market and concluded that regulators are coming up short in a number of…
News January 31
Lack of cannabis tracking data in WA sparks confusion, missed business opportunities
A dearth of comprehensive price and sales data and incorrect figures about marijuana commerce have sowed confusion among cannabis businesses in Washington state since regulators rolled out a new traceability…
News January 31
Molson Coors CBD-beverage partner Hexo closes CA$57.6 million share offering
Hexo Corp., a licensed producer of cannabis based in Quebec, Canada, raised 57.6 million Canadian dollars ($43.7 million) Wednesday when it closed its offering of common shares. The company said in a…
News January 30
What cannabis shortage? Canada has ‘sufficient supply,’ Ottawa says
Canada’s federal government says the country has more than enough legal cannabis to meet demand even as some provinces complain about shortages. “The data is clear: There remains sufficient supply…
News January 30
Colorado cannabis greenhouse builder files for Chapter 11
A Denver-based marijuana greenhouse developer is filing for bankruptcy after raising more than $15 million from investors. According to Denver news site BusinessDen, GrowCo owes at least $8.6 million to…
News January 30
Court grants FL lawmakers time to remove medical marijuana smoking ban
A court case challenging the constitutionality of Florida’s ban on smokable medical cannabis has been put on hold until March 15 to allow state lawmakers time to eliminate the prohibition.…
News January 30
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