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California awards $15 million more in cannabis social equity grants

March 16th, 2021California is handing out $15 million in grant money to 10 cities and counties that have adopted social equity programs to help get minorities and those harmed by the war on drugs involved in the legal marijuana market. The new allotment, awarded by Gov. Gavin Newsom’s Office of Business and Economic Development and the state Bureau […]

4Front eyes Illinois expansion through $51.5M marijuana sale-leaseback deal

March 16th, 2021Marijuana multistate operator 4Front Ventures entered into definitive agreements to finance the construction of a massive $51.5 million cultivation and processing facility in Illinois through a sale-leaseback arrangement. The agreements call for San Diego-based Innovative Industrial Properties (IIP) to acquire the land for $6.5 million and fund the approximately $45 million, 258,000-square-foot project, according to […]

Cannabis tech platform Dutchie raises $200M, acquires Greenbits, LeafLogix

March 16th, 2021Cannabis retail technology platform Dutchie has raised $200 million in a Series C funding round it says values the company at $1.7 billion. The funding round was led by investment firm Tiger Global and also included previous investors Casa Verde Capital and former Starbucks CEO Howard Schultz. “Our investment will help Dutchie extend its platform […]

Unique cannabinoid delta-8 divides cannabis extraction industry

March 16th, 2021A rare cannabinoid that mimics the effects of delta-9 THC but can easily be produced from CBD is grabbing headlines and delivering impressive profits to extractors battling slumping prices for other hemp extracts. Unique cannabinoid delta-8 divides cannabis extraction industry is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Marijuana consumers return to pre-pandemic shopping hours, favoring evenings versus the daytime

March 16th, 2021As the COVID-19 pandemic disrupted work, school and life schedules, it also caused marijuana buyers to change when they shopped, shifting from the evening hours to the daytime. A year later that pattern is returning to normal, with more shoppers visiting cannabis retail outlets in the evening. Retailers in general, including marijuana outlets, experienced shifting […]

Unserved CO areas getting recreational marijuana stores after election

March 15th, 2021Regulated recreational marijuana stores are coming to untapped Colorado markets after pro-marijuana ballot wins last November. Voters in eight Colorado municipalities voted in last November’s election to allow recreational marijuana sales in the 2020 election, and the first store of the new crop has already launched, according to Denver alt-weekly Westword. Ascend Cannabis in Littleton […]

Arizona hemp growers suffer losses due to crown and root rot

March 15th, 2021With the burgeoning market for CBD, it is no wonder hemp cultivation has taken off in many US states. But successfully growing this crop means finding the right conditions, as some growers in Arizona are discovering the hard way. Last summer, about 85 percent of drip-irrigated industrial hemp plants in Yuma and Graham counties experienced […]

Impairment following medical cannabis use subsides within four hours

March 15th, 2021Recreational users have been recommended to wait at least seven hours after inhaling cannabis before engaging in driving or other safety-sensitive tasks. But a new review of clinical studies looking only at medical cannabis users concludes the duration of impairment lasts less than four hours, a finding that has significant implications for those who drive […]

Ethanol injection promises to reduce extraction costs, time

March 15th, 2021Kelowna, BC-based Vitalis Extraction Technology believes it has discovered a new approach to cannabis extraction that will cut operational costs and significantly lower the time needed to produce extracts from both marijuana and hemp. Not yet patented, the Vitalis Cosolvent Injection System (CIS) injects a controlled amount of ethanol into the CO2 extraction process to increase […]

Arizona adult-use cannabis sales hit $2.9 million during initial 10 days

March 15th, 2021Adult-use cannabis sales in Arizona reached $2.9 million in the first 10 days that sales were permitted, according to figures released by the state. Recreational sales in Arizona began Jan. 22 after 73 of 130 licenses were approved by the Arizona Department of Health Services. Medical cannabis dispensary operators were granted first crack at the […]

Cannabis retailers should consider volume, customer experience when designing sales floor

March 14th, 2021Marijuana still carries a stigma in many communities. Adopting the right design can make a cannabis store feel more comfortable for shoppers. Cannabis retailers should consider volume, customer experience when designing sales floor is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Ohio high court orders state to act on medical marijuana cultivation expansion

March 12th, 2021The Ohio Supreme Court told state regulators they can’t just ignore applications to expand medical marijuana cultivation facilities. Ohio high court orders state to act on medical marijuana cultivation expansion is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs