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Curaleaf’s $1B buy, cannabis brews, social use progress & more of the week’s top news

Curaleaf is buying Cura Partners for close to $1 billion, Canada’s largest independent brewery takes the cannabis plunge, Colorado and Las Vegas join the social use bandwagon – plus other important news from around the marijuana industry. Billion-dollar baby Massachusetts-based cannabis group Curaleaf is acquiring Cura Partners for 1.27 billion Canadian dollars ($949 million) in […]

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Cannabis group Curaleaf to acquire Cura Partners for CA$1.27 billion

Massachusetts-based Curaleaf, a vertically integrated cannabis company, agreed to acquire Portland, Oregon-based Cura Partners in an all-stock deal worth 1.27 billion Canadian dollars ($949 million). Curaleaf will issue 95.6 million subordinated voting shares, giving Cura a roughly 16% stake in the company. The deal is the latest in a string of recent mega-deals in the cannabis […]

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Washington state cannabis retailers’ pesticide tests proving disruptive for processors

The practice of self-testing products for pesticides and other toxins by some Washington state marijuana retailers appears to be disrupting the market for cannabis producers and processors, particularly those working in the extraction space. Growers and manufacturers who have been exposed for selling unclean products have seen their revenues take a hit and scrambled to […]

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Moosehead, Sproutly Canada to launch cannabis-infused beverages

Moosehead, the largest fully Canadian-owned brewery, is partnering with Sproutly Canada to make nonalcoholic, cannabis-infused beverages – marking the latest major brewery to make a splash in the marijuana sector. Moosehead and Sproutly entered into a definitive agreement to form a joint venture, with each holding 50% ownership. Sproutly CEO Keith Dolo told Marijuana Business Daily […]

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Marijuana Business This Week: Honing IL legalization language, taking reservations in Massachusetts, hempseeds enter space & more

Here are some notable stories and events to watch for in the coming days: LEARNING THE LANGUAGE: Substantial language to incorporate into a bill legalizing adult-use marijuana in Illinois could come as early as Tuesday, according to one of its key proponents. In early April, an Illinois Senate panel advanced a placeholder legalization bill that […]

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$420M raise sets US cannabis industry record, Bank of America begins marijuana coverage, MedMen exec turnover & more of the week’s top MJ news

Vaporizer company Pax Labs boasts a record funding raise, Bank of America kicks off coverage of the marijuana sector, more MedMen execs bid the company adieu – plus other important news from around the cannabis industry. Pax sets record for U.S. cannabis firm raise Pax Labs, a San Francisco manufacturer of vape pens, raised $420 million, […]

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