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Australian Firm Buys Big Stake in Canadian Marijuana Grower

An Australian mining firm has purchased a substantial stake in a Canadian medical cannabis business for cash and stock options. Capital Mining said it paid $7 million in cash plus…

News March 9

Some Illinois Cannabis Cultivators Still Seeking Financing

Several Illinois companies that were awarded licenses to operate grow sites are still seeking millions of dollars in financing to stay afloat and build their facilities, sparking concerns that the…

News March 9
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Chart of the Week: Average Build-Out Costs for Dispensaries, Grows in Western MMJ Markets

By Marijuana Business Media staff Congratulations, you’ve gotten permission to run a medical marijuana dispensary or grow facility on a piece of commercial real estate. Now, be prepared to fork…

News March 9
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FDA Warns CBD Companies About Medicinal Claims

Although plenty of businesspeople in the cannabis community regard various properties of the plant as effective medicine for a number of ailments, the U.S. Food and Drug Administration doesn’t necessarily…

News March 6

Oregon Cities, Counties Seek Right to Tax Marijuana

Oregon municipalities could sue the state for the right to set their own taxes on marijuana sales, according to lawyers for some cities and counties. The state’s recreational cannabis law…

News March 6

WA Town Set to Open First City-Owned Rec Shop

While some municipalities in Washington State are banning recreational marijuana shops, one town is set to open the first city-owned marijuana store in the U.S. and possibly the world. North…

News March 6
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Rhode Island Starts on Path to Recreational Cannabis

Rhode Island is seen as a leading candidate to legalize recreational cannabis this year, and now state lawmakers finally have a pair of bills to consider. A pair of Democratic…

News March 6
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Week in Review: Controversial MJ Plan in Ohio, New CO Rec Lawsuit + Questions Over Florida CBD Regs

By John Schroyer A proposed legalization measure in Ohio stirs up controversy among entrepreneurs and advocates, a fourth lawsuit targets Colorado’s recreational marijuana industry, and Florida’s CBD program suffers another…

News March 6

News of Surna Exec’s Departure Triggers Stock Slide

Shares of Surna Inc. have dipped since the company announced that its high-profile CEO Tom Bollich will step down, continuing a longer stock slide that began a year ago. The…

News March 5
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