Category Archives: marijuana cultivation

ND medical cannabis market inches onward as state hands out first patient cards

North Dakota has begun issuing medical marijuana cards to patients and caregivers, which marks another step forward as the state has spent nearly two years setting up a regulated distribution system for the MMJ market. Voters in the state approved medical cannabis in November 2016. Here are the basics surrounding the situation: North Dakota’s health department […]

California marijuana company plans $200 million campus in New York

Ahead of New York’s anticipated legalization of recreational cannabis, San Diego-based Flora California Prime is laying the groundwork to build a $200 million, 1.25 million-square-foot cannabis cultivation, manufacturing and distribution facility on 47 acres of land in Buffalo. According to Buffalo TV station WKBW, construction on the facility could begin once state lawmakers approve legislation […]

New law in Maine expands medical cannabis businesses’ options

Maine cannabis companies hope a new law that allows medical marijuana firms to sell MMJ to one another will help the state’s industry by opening new opportunities to do business. Here are the basics: The law, which went into effect last week, allows businesses to sell up to 30% of their harvest or inventory, the Portland Press […]

Week in Review: NY gov wants adult use, PA/NJ boost medical marijuana business opportunities & Ohio regulators get a bailout

New York’s governor wants the state to legalize recreational cannabis ASAP, Pennsylvania and New Jersey take steps to boost medical marijuana business opportunities, and Ohio MMJ regulators get a $2.1 million bailout. Here’s a closer look at some notable developments in the marijuana industry this week. NY and the “adult-use revolution”  New York Gov. Andrew […]

Maryland medical cannabis grower fined for using banned pesticides

The first company to be licensed as a medical marijuana grower in Maryland has been fined and handed a two-year probation for using banned crop-protection pesticides. Nationwide, cannabis cultivators and product manufacturers are facing closure, failed mandatory tests and increased scrutiny from regulators over pesticide concerns. The Maryland Medical Cannabis Commission on Tuesday ordered ForwardGro to […]

California marijuana industry braces for ‘another enormous burden’ from next phase of testing costs

A new round of regulations in California will cause laboratory testing fees to increase more than 40%-55% for some of the state’s licensed cannabis cultivators as well as makers of concentrates and infused products, according to industry experts. The so-called Phase 3 rules take effect Dec. 31. They require all harvested cannabis and marijuana products […]

Marijuana firm Cresco Labs posts $3.9 million net income in third quarter

Chicago-based Cresco Labs posted $3.9 million in net income in its fiscal third quarter, reversing its year-ago loss of $200,000. The multistate cannabis operator saw revenues spike 335% in the quarter to $12.2 million compared to the same period in 2017. Year-to-date revenue was up nearly 250% to $25.1 million. Since the beginning of the year, […]

Chart: Dozens of marijuana licenses at risk after Oregon inspections

More than a quarter of Oregon’s outdoor recreational marijuana producers had deficiencies or potential compliance violations in their harvest processes, according to the results of Operation Good Harvest – the state’s effort to observe and inspect the 2018 outdoor cannabis harvest. Of the 354 licensed outdoor recreational grow sites inspected by the Oregon Liquor Control […]

Cannabis firms Cannex Capital, 4Front announce all-stock merger

Cannex Capital Holdings of Vancouver, British Columbia, and 4Front Holdings, an Arizona-based multistate marijuana firm, have announced plans to merge. The all-stock deal – which places an approximate valuation of more than $230 million on 4Front – is subject to shareholder approval and reviews by the Canadian Securities Exchange (CSE). The combined company will trade […]

Green Thumb Industries buys Nevada cannabis business in $290 million deal

Green Thumb Industries (GTI), a multistate marijuana company, has agreed to purchase a Nevada-based, vertically integrated cannabis company in a stock and cash deal valued at about $290 million. The deal expands Chicago-based GTI’s footprint in Nevada, home to one of the fastest-growing, adult-use MJ markets in the nation. The acquisition includes: Three retail stores in […]