MJBizDaily
Congress barely understands hemp THC. Lawmakers should learn and regulate – not ban
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Cannabis firm Cronos’ CEO gets CA$12 million-plus in partial-year pay
Canadian cannabis producer Cronos Group paid CEO Kurt Schmidt more than $10 million (12.2 million Canadian dollars) in salary and other compensation in 2020, according to the Toronto-based company’s recently…
News May 10
Marijuana MSO Trulieve buying Harvest Health in $2.1 billion mega-deal
Florida-based Trulieve Cannabis announced an agreement to acquire Arizona-based Harvest Health & Recreation in an all-stock deal valued at about $2.1 billion and touted as the largest U.S. marijuana transaction…
News May 10
California marijuana firm settles false-claims lawsuit for $300,000
California-based marijuana company CannaCraft agreed to pay $300,000 to settle a lawsuit brought by Sonoma County authorities over allegedly false claims that some of its products could have beneficial health…
News May 10
Green Organic Dutchman plans cannabis greenhouse sale by summer
Canadian producer Green Organic Dutchman expects to sell its massive greenhouse in Salaberry-de-Valleyfield, Quebec, by the end of June, becoming the latest company to unload a cultivation facility amid a…
News May 10
Cannabis M&A surges in hot Pennsylvania market with $400 million in deals
Merger and acquisition activity is sizzling in Pennsylvania, with more than $400 million worth of deals announced since March alone, as local cannabis businesses cash out and multistate operators seek…
News May 10
Marijuana retailers use analytics, consumer feedback to fill shelves, dump low-selling inventory
The cannabis products lining your shelves might make or break the reputation of your marijuana retail store. Whether or not they sell could make or break your company’s bank account.
News May 9
Cannabis tech firm MassRoots entering metal-recycling business via $14M deal
Cannabis-centric social media platform MassRoots said it’s broadening its business model through the acquisition of a metal-recycling company in a mainly stock-based deal valued at $14 million. Empire Services operates…
News May 7
Pennsylvania renews medical marijuana grower’s permit after nearly two years
A Pennsylvania marijuana cultivator could soon be growing again, almost two years after regulators revoked the company’s business license. Agrimed, which was purchased by Arizona-based multistate operator Harvest Health &…
News May 7
Cronos reports $161 million net loss on cannabis revenue of $12.6 million in Q1
Canadian cannabis producer Cronos reported a net loss of $161 million (195 million Canadian dollars) for its January-March quarter on net revenue of only $12.6 million, according to its quarterly…
News May 7
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