Month: February 2021 (Page 3)

Lawsuit casts spotlight on New York’s initial medical cannabis licensing, questions scoring

On: February 26, 2021

A new lawsuit sheds light on New York’s licensing of 10 medical cannabis operators in 2015 and 2016, raising questions about how regulators scored the applications and whether other unsuccessful applicants could raise their own legal objections. Fresh lawsuits could slow the process of handing out additional MMJ licenses –Continue Reading

New Jersey fills remaining slots on marijuana oversight commission

On: February 25, 2021

New Jersey Gov. Phil Murphy moved quickly to complete the five-member Cannabis Regulatory Commission, only two days after signing adult-use marijuana implementation legislation into law. State regulators now have 180 days from the bill’s enactment to develop rules and regulations. That means existing medical marijuana operators could begin adult-use salesContinue Reading

The best new cannabis strains to grow in 2021

On: February 25, 2021

More than 60 trending marijuana varieties: auto-flowering, feminized, fresh Cookies, heritage OGs, modern Purps, and old school sativas. The post The best new cannabis strains to grow in 2021 appeared first on Leafly. Read More: The best new cannabis strains to grow in 2021Continue Reading

Indus acquires fellow California cannabis firm Lowell Herb Co. for $39 million

On: February 25, 2021

Indus Holdings said it has acquired another well-known California marijuana brand, Lowell Herb Co., in a cash-and-stock deal worth $39 million. The terms of the acquisition include $4.1 million in cash along with 22.6 million shares of Indus, which trades on the Canadian Securities Exchange (CSE) as INDS and onContinue Reading

Acreage selling Florida marijuana arm to Red White & Bloom for $60 million

On: February 25, 2021

Multistate marijuana operator Acreage Holdings said it has a definitive agreement to sell its medical cannabis operation in Florida to Red White & Bloom Brands for $60 million in cash and stock. The deal reflects a further retrenchment by New York-based Acreage as it refocuses on a few core markets.Continue Reading

Massachusetts extends medical cannabis telehealth sign-ups

On: February 25, 2021

Massachusetts health-care providers may continue registering new medical cannabis patients via telehealth appointments instead of in-person visits, state regulators announced, citing the risk of exposure to the COVID-19 virus. The state initially allowed expanded telehealth services, including clinical visits for new medical marijuana certifications, last March as a result ofContinue Reading

Minority owned cannabis company, TheraTrue Inc., announces new CEO Victor Mancebo, $50 million in funding, and applies in Georgia and Virginia

On: February 25, 2021

FOR IMMEDIATE RELEASE February 25th, 2021 Company co-founded by Dr. Paul Judge, Tech Investor and Entrepreneur ATLANTA, GA and RICHMOND, VA – February 25, 2021 – Today, TheraTrue, Inc., a minority owned medical cannabis production company, announced the addition of cannabis industry veteran Victor E. Mancebo as the company’sContinue Reading

Sales of Canadian cannabis edibles, extracts fall for first time

On: February 25, 2021

Canadians purchased fewer cannabis edibles and extracts last November compared to the previous month, new Health Canada data shows, ending at least 11 consecutive months of growth for the categories. In November, roughly 1.52 million packages of edibles were sold online or in person, down from 1.69 million in October,Continue Reading

Marijuana trimming machine maker sues Border Patrol for impeding parts

On: February 25, 2021

A company that produces agricultural equipment for marijuana and hemp businesses filed a lawsuit in Seattle charging the U.S. Customs and Border Protection with wrongly impeding imports from Canada of components needed by its Washington state subsidiary to build trimming machines. Marijuana trimming machine maker sues Border Patrol for impedingContinue Reading

California marijuana firms face more state tax audits, millions of dollars in unpaid taxes

On: February 25, 2021

Three years after the launch of California’s legal marijuana market, cannabis tax experts warn the industry should expect state regulators to ramp up tax enforcement, noting that several audits of MJ businesses are already underway. As a result, many companies might find themselves underwater with delinquent tax bills or newContinue Reading