Day: April 7, 2020

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Phoenix-based multistate marijuana operator Harvest Health & Recreation is in litigation with Interurban Capital Group, the former owner of the Have a Heart dispensary group that Harvest acquired in March for $85.8 million. Harvest CEO Steve White unveiled that news during his company’s quarterly results call on Tuesday. White said Harvest andContinue Reading

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Epidiolex, the only plant-derived cannabis drug approved by the U.S. Food and Drug Administration, is no longer considered a controlled substance, providing a boost to its manufacturer’s stock price. GW Pharmaceuticals, a biopharmaceutical company based in London, saw its stock go up 5.9% on Tuesday, one day after the U.S.Continue Reading

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The trial of a former Massachusetts mayor charged with extorting hundreds of thousands of dollars from prospective marijuana businesses has been delayed until September because of the coronavirus pandemic. The trial for former Fall River Mayor Jasiel Correia had been scheduled for May but now will begin Sept. 14, accordingContinue Reading

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Welcome to Leafly’s cannabis homegrow! Check weekly as our writer Johanna Silver grows a set of marijuana plants from seed to harvest in her backyard in Northern California.  The post Leafly’s cannabis homegrow appeared first on Leafly. Read More: Leafly’s cannabis homegrowContinue Reading

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Key guidance material and forms for New Zealand’s medical cannabis program have been published, and the Medicinal Cannabis Agency says it is ready to accept business applications. “The Medicinal Cannabis Scheme has now come into effect,” the agency wrote in an email to stakeholders. The commencement of the program isContinue Reading

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Multistate marijuana operator iAnthus, partially blaming the coronavirus, said it is unable to meet interest obligations totaling $4.4 million on $157.5 million in debt. The New York-based company also delayed announcing its quarterly earnings results. “The decline in the overall public equity cannabis markets, coupled with the extraordinary market conditionsContinue Reading

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New Brunswick-based cannabis cultivator Organigram Holdings has temporarily laid off roughly 400 employees as a result of the COVID-19 pandemic, the company announced late Monday. That reduction represents about 45% of Organigram’s workforce. The layoffs were made “primarily to help boost COVID-19 containment efforts” and the majority were voluntary, the companyContinue Reading

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Armen Yemenidjian resigned as president of multistate cannabis operator Green Thumb Industries. Marijuana giant Green Thumb’s president steps down is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs Read More: Marijuana giant Green Thumb’s president steps downContinue Reading