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Canadian cannabis giant SNDL claims to be world’s largest after Parallel takeover
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Israel cannabis producer InterCure buying Better for $35 million
Herzliya, Israel-based cannabis producer InterCure is buying rival medical marijuana company Cann Pharmaceutical, also known as Better, for $35 million (44.4 million Canadian dollars) in stock.
News February 16
Los Angeles County moves to end ban on commercial marijuana companies
Los Angeles County supervisors gave initial approval to a plan that would create 90 new cannabis business licenses, effectively repealing a 12-year-old ban on commercial marijuana activity in unincorporated parts…
News February 16
Led by gummies, edibles keep pace with growth of overall US cannabis market
Gummies continue to dominate the U.S. edibles market, particularly among new marijuana consumers, although other consumable products are growing in popularity, including those that replicate the whole-plant experience as well…
News February 16
Plunging cannabis prices add fuel to efforts to lower tax rate for Canadian producers
Calls are growing for the Canadian government to lower taxes for cannabis producers amid falling prices for marijuana products and rising costs for businesses.
News February 16
German marijuana distributor Cansativa raises $15M from Casa Verde, others
German cannabis distribution company Cansativa Group raised $15 million in a Series B financing round led by U.S. marijuana venture capital firm Casa Verde Capital.
News February 16
VA Senate OKs bill to start recreational marijuana sales in September
The Democratically controlled Virginia Senate passed a bill to kick-start recreational marijuana sales in September, but the measure faces an uncertain future in the Republican-controlled House of Delegates.
News February 15
Trulieve adds another growing facility to Arizona cannabis holdings
Trulieve Cannabis acquired a 64,000-square-foot cultivation facility in Phoenix for $13.75 million in cash, a move that increases the multistate operator's massive marijuana holdings in the Arizona market.
News February 15
Arkansas marijuana grower, retailer sue state over doctor’s visit rules
A medical marijuana cultivator and owners of a dispensary in Arkansas are suing the state over rules that prevent MMJ recommendations without an in-person visit to a physician.
News February 15
Jones Soda buys Canadian firm, raises $11M in step toward cannabis drinks
Craft soda maker Jones Soda acquired a Canadian shell company and raised $11 million in concurrent financing as part of a move to develop cannabis-infused products.
News February 15
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