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Canadian cannabis giant SNDL claims to be world’s largest after Parallel takeover
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Dallas marijuana investment firm starts $50 million fund
Dallas-based marijuana investment firm Cresco Capital Partners has launched a second fund and plans to raise $50 million to pump into cannabis companies. Cresco Managing Partner Matt Hawkins said the firm…
News May 4
Emerald Health Therapeutics buys Canadian cannabis grower for CA$90 million
British Columbia-based cultivator Emerald Health Therapeutics signed a deal worth 90 million Canadian dollars ($70 million) to buy rival cannabis producer Agro-Biotech. The agreement expands Emerald’s (TSXV: EMH) footprint into…
News May 4
Week in Review: SBA says no to cannabis, Maine advances rec MJ & Scotts Miracle-Gro shrinks
The U.S. Small Business Administration bars banks from issuing SBA-backed loans to marijuana- and hemp-related companies, Maine lawmakers override a veto of key adult-use legislation, and Scotts Miracle-Gro consolidates its…
News May 4
Louisiana medical marijuana company sues university over production deal
A Louisiana company picked to be one of just two medical marijuana producers in the state has filed suit against the university that hired it last year, claiming the deal…
News May 3
Cannabis companies MedReleaf, Aurora confirm merger talks, but no deal yet
Two of Canada’s leading marijuana producers, MedReleaf and Aurora Cannabis, confirmed they have held merger talks, but no agreement has been reached. In separate statements issued Thursday, MedReleaf and Aurora acknowledged that…
News May 3
Marijuana Business Daily wins award for women-led companies
Marijuana Business Daily on Thursday was anointed one of the nation’s fastest-growing women-owned companies, underscoring the role of females in cannabis and the industry’s growing acceptance within mainstream circles. Marijuana…
News May 3
Colorado lawmakers approve bill for cannabis tasting rooms
Colorado lawmakers on Thursday approved pioneering legislation allowing marijuana retailers to establish tasting rooms for customers to consume select products - much like a brewery taproom. The bipartisan measure is…
News May 3
Michigan aims to issue first medical marijuana permits before June 15
It’ll be about another month and a half before the state of Michigan begins issuing medical cannabis business licenses. That’s according to Andrew Brisbo, director of the Michigan Bureau of…
News May 3
MJ Freeway: US cannabis retailers saw record 4/20 sales, firm gets new CEO
MJ Freeway, a major point-of-sale software provider for the cannabis industry, reported that retailers rang up their highest sales in history on April 20 - no doubt helped by the…
News May 3
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