Day: May 18, 2020

Cost-cutting cannabis giant Acreage to take $80 million-$100 million charge

On: May 18, 2020

Multistate marijuana operator Acreage Holdings on Monday said it is still reducing overhead costs – including the sale of a North Dakota medical cannabis operation and undeveloped real estate in Nantucket, Massachusetts – as it seeks to improve its financial situation. The New York-based company said in a news releaseContinue Reading

5 weed strains to help you chill out

On: May 18, 2020

Some people smoke to get creative, some smoke to get a bunch of stuff done, but most folks smoke to chill out. Here are 5 strains to help you relax. The post 5 weed strains to help you chill out appeared first on Leafly. Read More: 5 weedContinue Reading

Investment group buys Sundial medical cannabis subsidiary for CA$105 million

On: May 18, 2020

A United Kingdom cultivator that is licensed to grow medical marijuana and hemp has been acquired by a group led by a cannabis investment firm. The U.K.’s Bridge Farm Group, which cultivates ornamental plants, flowers and herbs, announced that it was sold by its parent company, Alberta, Canada-based Sundial Growers,Continue Reading

L.A. explosion investigation includes possible marijuana industry connections

On: May 18, 2020

California and federal authorities launched a criminal investigation into an explosion over the weekend at a Los Angeles warehouse that reportedly contained canisters of butane intended for cannabis concentrate production. According to NBC News, the L.A. police and fire departments as well as the Bureau of Alcohol, Tobacco, Firearms andContinue Reading

Los Angeles explosion shows perils of illicit cannabis market

On: May 18, 2020

12 firefighters were injured in an explosion at a butane wholesaler serving the illegal market. The post Los Angeles explosion shows perils of illicit cannabis market appeared first on Leafly. Read More: Los Angeles explosion shows perils of illicit cannabis marketContinue Reading

Massachusetts recreational cannabis stores to reopen in a week

On: May 18, 2020

After a two-month shutdown in response to the COVID-19 outbreak, Massachusetts adult-use marijuana retail stores can once again serve customers starting May 25 – though sales will be limited to curbside pickup and online or telephone orders. The announcement is a major development for cannabis store owners, who: Had worriedContinue Reading

Oklahoma’s business-friendly medical cannabis program still has room to grow, experts say

On: May 18, 2020

Medical marijuana sales and patient numbers in Oklahoma continue to increase at a staggering rate, indicating the red-hot market has room to grow, although some sectors and parts of the state are saturated with businesses, industry officials say. The state’s free-market approach so far has proved successful, with April sales toppingContinue Reading

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