Adult-use cannabis sales in Arizona reached $2.9 million in the first 10 days that sales were permitted, according to figures released by the state. Recreational sales in Arizona began Jan. 22 after 73 of 130 licenses were approved by the Arizona Department of Health Services. Medical cannabis dispensary operators wereContinue Reading
New York-based Greenrose Acquisition Corp., a special purpose acquisition company, entered into definitive agreements to acquire four marijuana businesses in a deal initially valued at $210 million. The companies to be acquired are Futureworks (doing business as The Health Center), Shango Holdings, Theraplant and True Harvest. The four companies combinedContinue Reading
Maine’s biggest city, Portland, could soon be awash in recreational cannabis retailers after a slow implementation process. SeaWeed Co. opened March 12, Grass Roots Marijuana Shop is expected to open Tuesday March 16 and another 31 applicants are awaiting licensing approval, the Portland Press Herald reported. Most of those applicantsContinue Reading
During the tumultuous weeks and months of the past year, a nine-letter word emerged as a game changer for the nation’s legal marijuana industry: “essential.” It began about a week after the World Health Organization on March 11 declared the COVID-19 outbreak a global pandemic. That’s when California announced aContinue Reading
When it comes to growing cannabis or any other crop, nothing beats the efficiency of the sun. Natural sunlight is free and plentiful, and plants respond to it with lush and healthy growth. However, the sun isn’t perfect. The intensity of sunlight fluctuates seasonally, and even during the course of theContinue Reading
The Ohio Supreme Court told state regulators they can’t just ignore applications to expand medical marijuana cultivation facilities. In an eight-page decision, Ohio’s highest court ordered regulators to either approve or deny Fire Rock’s application in February 2020 to expand its Akron cultivation facility. Fire Rock’s application to double itsContinue Reading
Michigan is allocating $20 million of its recreational marijuana tax revenue this year toward cannabis-related medical research. The move to fund research comes after some confusion about marijuana tax disbursements earlier this month, MLive.com reported. A March 4 announcement about the disbursement of marijuana tax revenue from the Michigan DepartmentContinue Reading
The major stakeholders pushing Congress to enact sweeping federal marijuana reform just got bigger with the formation of a new band of businesses and industry experts who believe legalization is a foregone conclusion and that the real prize will be shaping a nationwide MJ regulatory framework. According to a newsContinue Reading
Aurora Cannabis is looking to unload one of the largest and most expensive greenhouses ever built to grow marijuana, but any potential buyer could be on the hook for additional expenditures to get the project across the finish line. The company hasn’t set a price but is instead entertaining offers.Continue Reading
Rhode Island Gov. Dan McKee wants to legalize adult-use cannabis, proposing a program that would issue 25 retail licenses a year with a market launch in April 2022. McKee, a Democrat who included the proposal as part of his fiscal-year 2022 budget, is following the lead of his predecessor, GinaContinue Reading
