Day: May 14, 2019 (Page 2)

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Under the new law, judges are required to grant requests to vacate misdemeanor marijuana possession charges that occurred before the drug was legalized. The post New Washington Law Will Erase Old Cannabis Convictions appeared first on Leafly. Read More: New Washington Law Will Erase Old Cannabis ConvictionsContinue Reading

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Ontario, Canada-based CannTrust Holdings reported that first-quarter revenue more than doubled from a year earlier, mostly on the back of rising medical marijuana sales, while the company’s net income inched higher. Adult-use sales, however, struggled. First-quarter revenue jumped 115% from a year earlier to 16.9 million Canadian dollars ($12.6 million),Continue Reading

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New York-based marijuana company Acreage Holdings said it agreed to sell cannabis-related real estate to a newly formed real estate investment trust (REIT), GreenAcreage Real Estate Corp., under a leaseback agreement between the two companies. The price wasn’t disclosed. Acreage holds a 20% interest in GreenAcreage Real Estate Corp. (GARE).Continue Reading

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California-based Natura Life + Science announced the completion of a $91 million raise to build a marijuana campus in the Golden State. The 265,000-square-foot facility will eventually include a vertically integrated platform that includes cultivation, processing and dispensary operations, according to a news release. For more details about the raise,Continue Reading

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Three dispensaries received licenses to deliver medical cannabis to homes in Michigan – a move that signals the beginning of a new business opportunity for marijuana entrepreneurs in the state. BotaniQ and Utopia Gardens, both of Detroit, and Lake Effect of Portage in southwestern Michigan were the first three deliveryContinue Reading

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Infused cannabis products won’t be widely distributed in Canada until 2020, according to one of the leading experts in the field – but business shouldn’t drag their feet on preparations. Regulatory hurdles and logistical challenges will likely push distribution of most products into 2020, according to Tom Ulanowski, president of Vancouver, BritishContinue Reading

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Cannabis is deeply rooted in the continent of Asia, where a cultural, medicinal and spiritual relationship with the plant stretches back into remote antiquity. The harsh prohibition regimes in many Asian countries are likely to be pried open over the next years, allowing for fast growth of a regulated cannabisContinue Reading