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Navigating the marijuana sector: Q&A with Chris Hagedorn, GM of Scotts Miracle-Gro unit Hawthorne Gardening

If you’ve ever planted a garden or nurtured a lawn you’ve probably heard of Scotts Miracle-Gro. The Ohio company’s subsidiary, Hawthorne Gardening in Vancouver, Washington, has more recently helped cultivators with a trickier plant than carrots or Kentucky bluegrass: cannabis. Hawthorne’s rapid expansion has helped transform Scotts into a cannabis juggernaut from its early days […]

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Canadian cannabis companies bullish on US market, boosting cross-border acquisitions and deals

As marijuana companies across Canada brace for the historic rollout of the country’s recreational program next week, some businesses have their sights set on bigger opportunities they see coming in the United States. Canadian cannabis investment firms and holding companies are making multimillion-dollar bids on a range of U.S.-based cultivators, manufacturers and retailers already. Relatively […]

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Chart: Canadian cannabis companies’ market caps rise into the 11 figures

Limited supply and red-hot demand for investment opportunities in Canada’s marijuana industry have caused stock prices and market capitalizations for cannabis companies to surge ahead of legal adult-use sales later this month. Market capitalizations of some of these companies in the Great White North now rival – or have even eclipsed – those of more […]

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Exclusive: Report finds Washington state rushed into launching marijuana tracking system, fixes needed

An independent report commissioned by Washington marijuana regulators found the state and MJ Freeway were forced to rush out a new cannabis seed-to-sale traceability system earlier this year despite technical problems that cost cannabis businesses tens of thousands of dollars in lost sales. The study, performed by a leading tech and research consultancy and obtained […]

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Cresco Labs closes $100 million raise, draws institutional investors to cannabis industry

Chicago-based marijuana firm Cresco Labs closed a $100 million funding round that attracted institutional investors, a notable milestone for cannabis finance in the United States. The raise represents the second-largest deal inked in the U.S. marijuana industry to date. New York-based Acreage Holdings’ $119 million raise in July holds the top spot for private funding […]

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Week in Review: California’s cannabis social equity move, US attorney’s marijuana threat & lawmakers’ bid for more MJ growers

California approves a law to boost participation among minorities and those less well off in the marijuana industry, Colorado’s U.S. attorney threatens to crack down on licensed cannabis businesses that divert product to the black market, and members of Congress urge the U.S. government to expand the number of cultivators allowed to grow MJ for research. […]

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California marijuana growers optimistic while seeking paths around slew of obstacles

California’s cannabis cultivation market is a maze of farms that run the gamut from cottage growers with a few dozen plants to commercial-sized industrial operations. That also means the scope of business difficulties – and opportunities – are wide-ranging in the state’s newly regulated medical and recreational marijuana industries. Golden State growers have had to […]

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The future of California cannabis co-ops: Q&A with former CGA Director Hezekiah Allen

One of the loudest pro-cannabis voices in Sacramento for the past four years has been the executive director of the California Growers Association (CGA), Hezekiah Allen. But Allen is moving into the private sector to focus on promoting marijuana farming cooperatives with the holding company Emerald Grown, where he’s the chairman. Marijuana Business Daily spoke with Allen […]

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Want to cash out of your cannabis business? Here are some things to consider

As merger and acquisition activity accelerates across the cannabis industry, many companies are discovering they don’t need a for-sale sign in the window to be a takeover target.

The flurry of M&A activity, which is on pace to double in the marijuana industry this year, is giving more company founders a chance to cash out at an attractive price after years of working 24/7 to build their businesses.

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