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CA Legislature might ban smokable hemp, permit hemp food, drinks

January 11th, 2021(A version of this story first appeared at Hemp Industry Daily.) California lawmakers will be faced again with the long-debated question of whether to allow hemp extracts in food and beverages in the state when the legislative session opens Monday. But this time, the proposal comes with a twist: The measure would also ban smokable […]

Want to sell your marijuana business? Here’s how to get it ready for sale

January 10th, 2021Acquisitions remain a key strategy for companies looking to enter or expand their reach within the marijuana s industry, but sellers must be ready to seize such opportunities. Want to sell your marijuana business? Here’s how to get it ready for sale is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for […]

Vireo closes $4 million purchase of Nevada cannabis production facilities

January 8th, 2021Cannabis multistate operator Vireo Health said it has finally closed on a 2018 deal valued at $4 million to purchase four Nevada marijuana production licenses. According to a news release, the permits are only for cultivation and manufacturing and won’t allow Minnesota-based Vireo to enter the retail side of the Nevada cannabis market. Still, it […]

Oregon marijuana sales reach record $1 billion-plus in 2020

January 8th, 2021Recreational cannabis sales exceeded $1 billion in Oregon last year, coinciding with the coronavirus pandemic outbreak and mirroring record-high sales in other legal marijuana markets. Oregon marijuana sales reach record $1 billion-plus in 2020 is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

How Trichome Financial acquired and restructured troubled marijuana producer JWC

January 8th, 2021A recent acquisition and restructuring deal using Canadian insolvency law demonstrates that even struggling, deeply indebted marijuana producers can be revitalized, an important development at a time when many Canadian cannabis companies are floundering. Trichome Financial Corp.’s successful stalking horse credit bid for cannabis producer James E. Wagner Cultivation Corp. (JWC) of Ontario might provide […]

Canopy boosting Ontario presence with nine new Tokyo Smoke stores

January 8th, 2021Canopy Growth plans to open nine new cannabis stores in Ontario in January under its Tokyo Smoke brand, growing its retail presence in Canada’s largest adult-use marijuana market, the company announced Friday. Canopy currently has 13 Tokyo Smoke locations in Ontario, plus one store under the Tweed banner. Six of the new Tokyo Smoke stores […]

Some cannabis growers still counting cost of wildfires, but most say industry dodged a bullet

January 8th, 2021Although the West Coast wildfire season has been over for months, some marijuana companies are still picking up the pieces from a historic wave of blazes that forced thousands to evacuate and endangered countless cannabis businesses across California, Oregon and Washington state. California-based Indus Holdings is a case in point. The vertically integrated company – […]

Montana lawmakers deny money to set up recreational cannabis program

January 7th, 2021Montana lawmakers rejected a $1.35 million budget request to fund the state’s recreational cannabis program, raising uncertainty about the program’s ability to meet its deadlines. The state revenue department had requested the money to set up a department of 20 full-time employees, according to the Associated Press. Montana voters approved a ballot initiative in November […]

Cannabis producer WeedMD shutters Bowmanville, Ontario, facility

January 7th, 2021Canadian marijuana producer WeedMD is closing a facility in Bowmanville, Ontario, in order to centralize medical cannabis distribution at its site in Aylmer, Ontario. WeedMD “has offered relocation and severance packages, where applicable, to about 20 employees,” the company said Thursday in a news release. WeedMD spokeswoman Marianella delaBarrera wrote in an email to Marijuana […]

Columbia Care to acquire San Diego marijuana retailer for $15 million

January 7th, 2021New York-based multistate marijuana operator Columbia Care announced Thursday it struck a deal to acquire Southern California cannabis dispensary The Healing Center San Diego for approximately $15 million. Columbia Care to acquire San Diego marijuana retailer for $15 million is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Cannabis MSO Curaleaf seeks to raise CA$275 million through share offering

January 7th, 2021Multistate cannabis operator Curaleaf Holdings priced a new offering of 16.5 million subordinate voting shares in a bid to raise 275.6 million Canadian dollars ($216.6 million). The share offering was announced after markets closed Wednesday, with Curaleaf saying the funds would be used “for working capital and general corporate purposes.” On Thursday, the Massachusetts-based company […]

Arkansas opens up medical marijuana processor, transporter licensing

January 7th, 2021The steadily growing Arkansas medical marijuana program is offering new business opportunities: processor and transporter licenses. Scott Hardin, spokesman for the Arkansas Medical Marijuana Commission, wrote in an email that the state’s MMJ constitutional amendment didn’t establish a limit on the number of those licenses, so the commission will consider applications as they come in. […]