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Medical cannabis firm Green Thumb raising $60 million in Canada to grow US footprint

Illinois-based Green Thumb Industries is planning to expand in New York and Ohio after it closes a $60 million stock-purchase deal through its Canadian-listed shares. Under the bought-deal transaction, a…

News July 17
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Electric utilities work with cannabis growers to save on power costs

Despite knowing for years that electricity is a major expense that can significantly affect everyone's bottom line, marijuana businesses - especially growers - are still struggling to keep costs manageable.…

News July 17
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New Jersey looks to double medical marijuana businesses

With patient numbers surging and supply problems escalating in New Jersey, Gov. Phil Murphy’s administration is expected to call for six more medical cannabis providers to serve the state. That…

News July 16
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Canada’s C21 Investments acquires Nevada cannabis business in deal topping $50M

Canada-based C21 Investments is expanding into the Nevada marijuana market through an acquisition of Silver State Relief and Silver State Cultivation, a deal that’s valued at more than $50 million.…

News July 16
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Canadian marijuana companies raise record cash ahead of legalization

Canadian cannabis raised more than 3 billion Canadian dollars ($2.2 billion) in the first half of 2018 as the industry scales to meet expected demand.

News July 16
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Chart: Can medical marijuana programs survive in states with recreational markets?

Medical marijuana programs in states that went on to legalize adult-use cannabis are suffering. Data from MMJ programs in Colorado, Oregon and Nevada - the only states with both an…

News July 16
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Lawsuits filed in Oklahoma target strict new medical marijuana rules

Two pro-cannabis group filed lawsuits in Oklahoma accusing regulators of improperly imposing rules aimed at curbing the growth of the state's MMJ industry.

News July 13
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Key US alcohol trade group endorses legalization of recreational cannabis

One of the biggest alcohol trade associations in the U.S. has allied itself with the cannabis industry, a move that could accelerate cooperation between the two industries.

News July 13
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Oregon’s medical marijuana program admits to problems with MMJ oversight

The agency overseeing Oregon's medical marijuana industry conceded in a report it has not provided effective oversight of growers and others in the industry.

News July 13
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