Month: December 2018 (Page 27)

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Cash-rich Canopy Growth bought global vaporizer leader Storz & Bickel for 220 million Canadian dollars ($160 million) in a bid to improve its portfolio of intellectual property. The all-cash deal is also intended to position Canopy to capitalize on the next wave of federally regulated products in Canada and aroundContinue Reading

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The World Health Organization (WHO) postponed its much-anticipated recommendations about the international scheduling of cannabis, citing a need for more time to review its findings. The recommendations were expected to be released today at the Commission on Narcotic Drugs (CND) 61st reconvened session in Vienna. Recommendations about several other substances were included inContinue Reading

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President Trump said Friday he is nominating William Barr – who served in the first Bush administration – to replace former U.S. Attorney General Jeff Sessions, who was an outspoken critic of marijuana legalization. Trump taps Justice Department veteran William Barr as attorney general is a post from: Marijuana Business Daily:Continue Reading

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Boston-based cannabis company Ascend Wellness has closed a $40 million funding round – capital the firm plans to use to build out its multistate footprint. Poseidon Asset Management, Salveo Capital, JM10 Partners and Shire Capital Advisors led the funding round. Ascend has licenses in three states: Illinois, Massachusetts and Michigan.Continue Reading

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Acreage Holdings has inked a $160 million deal to acquire Form Factory, a Portland, Oregon-based marijuana infused edibles manufacturer and distributor. The all-stock deal will boost Acreage’s footprint from 18 to 19 states and position the firm as a multistate consumer packaged goods firm, said George Allen, president of theContinue Reading

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Well before Canada launched its recreational marijuana market in October, predictions showed that its cannabis industry might need hundreds of thousands of workers to help meet the demand of the growing market. This led to a hiring surge in the months leading up to the first official period of legalContinue Reading

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In the ultra-competitive cannabis industry, few brands can actually call themselves the best at anything or claim a substantial corner of the market. But one company, Blazer Products, can make such an assertion, as their industrial torch has become the essential tool for top-shelf cannabis concentrate consumers. Many of thoseContinue Reading