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September 2, 2021

The theme of this week’s newsletter is optimism. And we could all use a little of that, right?
Editor's Top Pick: Insurance options for hemp and cannabis growers
How can cannabis growers become more like mainstream farmers? Buy crop insurance. Ace reporter Laura Drotleff breaks down the potential for hemp and marijuana growers to protect their investments. Although still limited, it’s getting better.
So many myths to bust, so little time. Last week, we gave you six common cannabis cultivation myths. How about three more? This time, the myths are all focused on lighting.
TerrAscend is giving vertically integrated marijuana company Gage Growth a massive payday. They’re betting big on Michigan – $545 million big.
More (mostly optimistic) headlines this week:
  • Applications to grow recreational marijuana in New Mexico have only been open for a week, and the state already has received nearly 900 submissions.
  • Las Vegas vertically integrated cannabis company Planet 13 Holdings agreed to purchase a Florida medical marijuana subsidiary of multistate operator Harvest Health & Recreation for $55 million.
  • Marijuana extractor The Valens Co. announced a 54.3 million Canadian dollar ($43 million) deal to acquire premium flower company Citizen Stash Cannabis Corp.
  • The Grand Traverse Band of Ottawa and Chippewa Indians in Michigan joined the state’s recreational cannabis market.
  • Nevada regulators said Friday that they suspended the cannabis cultivation license of Green Cross of America, effective immediately, calling the operation a “threat to public health and safety.”
  • The launch of Alabama’s medical cannabis program could be delayed until 2023.

This week, the glass is half full. Let’s try to keep it that way.

Bart Schaneman, cultivation editor for MJBizDaily
N E W  P O D C A S T
Albert Gutierrez, CEO of MedPharm Holdings, a DEA-licensed research facility and GAP-certified grow, talks about the process of obtaining Good Agricultural Practices certification (as opposed to just saying it follows the GAP guidelines) in the grow facility and how to maintain it. Plus, learn why these certifications are important to providing better cannabis products.
MJBizDaily is the leading resource for the cannabis industry, cited by The Wall Street Journal, Forbes and Harvard Business Review. MJBiz also produces the #1 cannabis business conference, MJBizCon.
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