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Trulieve announces acquisition of harvest health in 2.1-billion deal

5/10/21--Trulieve Cannabis Corp., the largest fully licensed medical cannabis company in Florida, announced May 10 its definitive arrangement agreement for the acquisition of Arizona-based Harvest Health and Recreation Inc., in a $2.1-billion deal. Trulieve touted the all-stock transaction as one that creates the most profitable multistate operator in the U.S. Harvest Health and Recreation has a retail and wholesale footprint that recorded continued growth over the past decade. Read

Parallel invests $25M in a new state-of-the-art cannabis cultivation, production and retail facility in San Marcos, Texas

4/19/21--Parallel, one of the largest privately-held multi-state cannabis operators in the United States (U.S.), today announced it will make a $25 million dollar investment in a new state-of-the art cannabis cultivation, production and retail facility in Texas. This financial commitment expands Parallel's ability to meet the growing patient demand for medical cannabis products in the Lone Star State. Read

Parallel Chairman & CEO Beau Wrigley talks CPG, R&D and market expansion

4/15/21--In a wide-ranging interview, Beau Wrigley shares how his experience running the legacy Wrigley gum and candy brand has positioned the company for exponential growth as it gears up to go public this summer. Wrigley outlines the benefits of the deal, Parallel’s market expansion strategy, the company’s clinical research partnership with the University of Pittsburgh School of Medicine, as well as why he believes there’s still “a ways to go” before cannabis can become a true consumer packaged goods (CPG) industry. Read

Ben Cohen’s new pre-rolled joint business will fund Black-owned cannabis companies

4/14/21--By July, Ben Cohen will launch a cannabis business in Colorado that will produce low-THC, high-terpene pre-rolled joints. The Vermont entrepreneur did revealed that profits will help fund cannabis businesses owned by people of color and nonprofits that work for criminal justice reform. Cohen thinks licensing and capital should be accessible and available to Black-owned cannabis businesses. That mission drives his new company. Read

Parallel expands into Illinois cannabis market with agreement to acquire Windy City

4/1/21--Parallel, one of the largest privately-held multi-state cannabis operators in the United States (U.S.), announced it has entered into a definitive agreement to acquire, in a cash and stock transaction, certain operations of Windy City Cannabis, comprised of Posen Dispensary Holding Company, LLC, Homewood Holding Company, LLC, Homewood 2nd Site Holding Company, LLC, Posen 2nd Site Holding Company, LLC and Compass Dispensary Holdings, LLC (collectively, "Windy City"). Read

Killer Mike says Black people deserve “big stake” in weed industry

12/31/20--Killer Mike is advocating for Blacks to receive a large share of the cannabis industry, especially in his home state of Georgia. The Atlanta activist and rapper spoke also advocates for the full legalization of marijuana in Georgia. Read

Wirecard under criminal scrutiny by U.S. authorities as part of probe into alleged bank-fraud conspiracy

7/8/20--The Justice Department is examining whether scandal-plagued German payment company Wirecard AG played a critical role in an alleged $100 million bank-fraud conspiracy connected to an online marijuana marketplace, according to people familiar with the investigation. Two businessmen have already been charged in the alleged fraud, accused of conspiring with third-party payment processors and others to trick U.S. banks into approving credit-card payments for marijuana products. Read

Rockflowr has the ability to reduce THC levels in CBD flower

7/6/20-- CBD of Denver, Inc., a full-line CBD and Hemp oil company ("CBDD") selling Black Pearl CBD and hemp products and the owner of CBD Social Network announced that its wholly owned subsidiary Rockflowr GmbH, has access to a proprietary process to reduce the THC level in cannabis flowers. Read

Innovative Industrial Properties announces exercise of option to purchase additional shares of common stock

7/2/20--Innovative Industrial Properties, Inc. announced today the full exercise of the underwriters’ option to purchase an additional 402,504 shares of common stock in connection with the Company’s previously announced follow-on offering that priced on June 29, 2020. In total, the Company sold 3,085,867 shares of common stock in the offering, raising gross offering proceeds of approximately $258.7 million. Read

Curaleaf announces private placement of subordinate voting shares

7/2/20--Curaleaf Holdings, Inc., a leading multi-state cannabis operator in the United States, announces today a private placement of up to C$27,500,000 of subordinate voting shares of the Company (the "Subordinate Voting Shares") at a price of C$7.70 per Subordinate Voting Share (the "Offering"). The Offering is being conducted in connection with the anticipated closing of the proposed and pending acquisition of GR Companies, Inc. d/b/a ‎Grassroots. Read

‘Cash is king’ for expansion opportunities and COVID-19 cushion: Q&A with Charlotte’s Web CEO Deanie Elsner

7/2/20--Deanie Elsner joined Charlotte’s Web as CEO last year. She told Hemp Industry Daily that moving into the CBD market at the helm of Charlotte’s Web has been “fun, challenging and quite and adrenaline rush” and the Colorado-based company has been a good fit for her background of specializing in corporate turnarounds. In this interview with Hemp Industry Daily, Elsner provides insight on the company’s recent acquisition and global expansion plans and offers her take on the impact of COVID-19, the U.S. Food and Drug Administration’s regulatory delay and what is needed for the industry to move forward. Read

Acreage Holdings reports first quarter 2020 results

6/25/20--Acreage Holdings, Inc. today reported financial results for the first quarter of 2020. In short, first quarter reported revenue was $24.2 million, an 88% increase compared to the same period in 2019, and a 15% increase compared to the fourth quarter of 2019. Net loss attributable to Acreage was $172 million, while adjusted net income attributable to Acreage was $14.7 million. Read

Bank fraud allegations test marijuana business

7/1/20--Prosecutors allege scheme to disguise $100 million in cannabis product sales in a case that could have implications for industry. Read

Medical marijuana dispensary MedMen loses license in Virginia. Now Staunton could lose out entirely.

6/20/20--Less than a month after Governor Northam signed the bill to legalize medical marijuana, the Virginia Board of Pharmacy voted to deny MedMen's request for an extension and rescinded their conditional license to operate a medical marijuana dispensary in Staunton. Read

Florida’s top Democrat purges ‘inner circle’ after police escort her fiancé from hotel

6/18/20--Florida Agriculture Commissioner Nikki Fried dismissed three top aides just before midnight Thursday, citing their complaints that her fiancé, a medical marijuana entrepreneur Robert “Jake” Bergmann, was “abusive” to her during a weekend argument at a Fort Lauderdale resort where police escorted him off the property. Fried, the state’s top elected Democrat, told aides by text message late Wednesday that they could no longer be in her “inner circle” but offered to find them “other roles." Read

Trulieve receives provisional adult-use cannabis license approval in Massachusetts

6/4/20--Life Essence, Inc., doing business as Trulieve, received unanimous approval for its Adult-Use/Recreational Provisional License from the Massachusetts Cannabis Control Commission (CCC) to operate as a Tier 9 indoor cultivation and to carry out product manufacturing in Holyoke, Massachusetts. The CCC also awarded Trulieve its Adult-Use/Recreational Provisional License to operate a retail cannabis establishment in Northampton, Massachusetts. Read

Nevada secretary of state reviews MedMen donation allegation

5/28/20--The office of Nevada Secretary of State Barbara Cegavske is reviewing allegations that the co-founder of MedMen made illegal campaign contributions to Gov. Steve Sisolak, after POLITICO reported on the claims. Wayne Thorley, deputy secretary of state for elections, said the office was reviewing the allegations detailed in a lawsuit against the company by its former CFO James Parker. Read

Recording leads to the ouster of management and board members of Anchorage marijuana company

5/21/20--An eight-minute audio recording that appeared on social media earlier this month has led to an Alcohol and Marijuana Control Office investigation and the ouster of the entire board of directors and senior-level managers at the Anchorage-based marijuana retailer Great Northern Cannabis for switching out samples so that 100 pounds of marijuana would be able to be sold without undergoing the required testing for mold. Read

Charlotte’s Web earns U.S. Patent for improved hemp variety

5/20/20--Charlotte's Web has earned U.S. utility patent U.S. 10,653,085, its second U.S. patent for hemp genetics. This patent is for 'CW1AS1', a new hemp variety created by company co-founder Joel Stanley and Sr. Director of Cultivation R&D Bear Reel. The patent takes Charlotte's Web's premier proprietary genetics to the next generation, and builds a strong wall of protection around it, and the products made from it. Read

Lavish parties, greedy pols and panic rooms: How the ‘Apple of Pot’ collapsed

5/24/20--In early June, 2018, MedMen looked to become the Apple of pot, the first mainstream, nationwide consumer brand for the product. Then, just a few months after its Abbot Kinney opening, it all began to unravel. The company’s stock now trades for a fraction of what it did just months earlier, and it has lost more than 95 percent of its market value. As stated in a Politico article, "MedMen stands as a cautionary tale of American Wild West capitalism." Read

Cannabis producer Canopy Growth lays off 200 amid restructuring

4/29/20--Marijuana producer Canopy Growth Corp. said it had laid off 200 people across Canada, the United Kingdom and the U.S. as part of its ongoing restructuring plans first announced in February. U.S.-traded shares of Canopy were up 2.4% in late afternoon trading and down from a gain of just over 4% earlier in the session. Read

What Coronavirus crash? Sales are set to soar for these 3 stocks.

4/5/20--The spread of COVID-19 has brought nonessential economic activity to a near-halt in a number of states and developed countries, and this will probably result in a sharp recession in 2020. Yet, some businesses are actually thriving amid this chaos. Although the coronavirus crash has been largely indiscriminate of sector or industry, there are three stocks whose sales could very well soar because of COVID-19: Costco Wholesale, Trulieve Cannabis, and Teladoc Health. Read

With LinkedIn trademark settlement, cannabis tech standout LeafedIn finalizes rebrand to LeafedOut

3/31/20--LeafedOut, formerly known as LeafedIn, announced a resolution to their intellectual property dispute with the professional networking site “Linkedin” that correlated with their complete rebrand to Leafedout as of the start of this year. Read

COVID-19 a ‘net positive’ for marijuana producer Curaleaf, says analyst

3/25/20--The COVID-19 pandemic has proven a boon to U.S. marijuana producer Curaleaf Holdings Inc. with roughly a 20% boost in sales, as sales jump and many states say that cannabis is an essential service. However, Curaleaf also rescinded its 2020 outlook as a result of the virus, telling investors Tuesday that its stores were closed in Massachusetts for the time being and will likely experience a falloff in sales in Nevada because of decreased tourism. Read

Why Canopy Growth’s sales grew as Aurora Cannabis struggled to sell more weed

2/14/20--Canopy Growth Corp. logged fiscal third-quarter net revenue of C$123.8 million ($93.5 million), well higher than the FactSet consensus of C$105 million reflecting strong year-over-year and sequential growth. Whereas, Canadian cannabis companies like Aurora Cannabis Inc. have struggled to produce those types of results of late. Read

This week’s top cannabis news: CEO departures at MedMen and Sundial, Stocks in red, good policy news

2/1/20--To summarize, Sundial Growers and MedMen lose their CEOs, and in other news, the Southern University and A&M College launched its own hemp-derived CBD product line, ALAFIA, in partnership with Ilera Holistic Healthcare. In the capital markets, stocks were mostly down in marijuana. Lastly, Australia launched its new cannabis laws, allowing people to grow their own marijuana and hold up to 50 grams of dried flowers, but maintain the sale of adult use marijuana prohibited. Read

Whoopi & Maya cannabis company ceases operations

2/3/20--The celebrity marijuana company Whoopi & Maya has ceased operations. The company has stopped selling, manufacturing and marketing its products that were geared to women due to an irreconcilable split between the principles. Read

Curaleaf prepares to open Cape’s first recreational marijuana shop

1/20/20--Curaleaf recently received a final license from the Massachusetts Cannabis Control Commission to operate an adult retail location. It may be opening as early as next week in Provincetown as the first recreational marijuana dispensary in Cape Cod. Read  

AB Bev’s Labatt will sell CBD-infused tea in Canada

12/11/19--The world’s biggest brewer will kick off its push into cannabis-infused beverages with a lineup of flavored teas -- Lavender Chamomile, Vanilla Rooibos and Peach Ginger Green. The “Everie” teas will contain 98% pure cannabidiol, the non-psychotropic ingredient in cannabis, with only a trace -- 0.05 milligrams -- of THC, the component that gets you high. They will be sold through Fluent Beverages, a joint venture between Anheuser-Busch InBev NV’s Labatt Breweries of Canada and pot company Tilray Inc.’s High Park Co. Read

Curaleaf reports third quarter 2019 financial and operational results

11/19/19--Curaleaf, a leading vertically integrated cannabis operator in the U.S., today reported its financial and operating results for the third quarter ended September 30, 2019. Read

Co-founder of Steamboat pot shop promoted to COO of international cannabis company

11/13/19--Kevin Fisher, the co-founder of Steamboat Springs’ first marijuana dispensary, has been appointed second in command as the chief operating officer for Parallel, a global company with headquarters in Georgia. His goal as COO is to expand markets across the world and develop new ways for customers to consume marijuana. Read

Value of Portland’s billion-dollar marijuana deal slashed

10/30/19--The Massachusetts company buying Oregon’s biggest marijuana business restructured the transaction and dramatically reduced its value. Instead of nearly $1 billion, the deal could now be worth less than $300 million – though Portland-based Cura Cannabis has the opportunity to earn back some of what’s been lost if it hits newly established sales targets next year. Read

Marijuana company NETA settles trademark lawsuit with wood business Boise Cascade

10/25/19--Boise Cascade Company and New England Treatment Access reached a settlement in a federal lawsuit, in which the lumber company had alleged that NETA was ripping off their trademarked logo. The Idaho-based lumber company Boise Cascade, which has a distribution center in Westfield and an administrative office in Billerica, sued the Franklin-based marijuana company NETA in April in U.S. District Court in Boston. Read

Curaleaf gets OK to open its first recreational marijuana store in Mass.

10/17/19--Curaleaf, one of the country’s biggest marijuana companies, received its final approval from Massachusetts cannabis regulators Thursday to open its first recreational marijuana store in the state. The Cannabis Control Commission issued Curaleaf Massachusetts Inc. its “commence operations” notice Thursday, giving it approval to begin adult-use sales at its Oxford store after three calendar days — as early as Monday. Read

Medical marijuana company advancing despite legal pushback in the U.S.

8/22/19--About a half hour south of Albany, Curaleaf is a facility that has thousands of plants that will eventually be converted into prescription medicine for cancer and AIDs patients, as well as those who suffer from seizures and other severe illnesses. The company says it's pleased with the pace New York has been on to expand the program to other illnesses. Read

Ownership questions prompt investigations into two Ohio medical marijuana companies

7/10/19--The Ohio Board of Pharmacy, which oversees medical marijuana dispensaries, has concluded that Greenleaf Apothecaries LLC, which does business as The Botanist, and Harvest of Ohio LLC allegedly lied on their applications to sell medical marijuana in Ohio and violating rules for the state's highly regulated program. Read

Haleigh’s Hope, Inc. lab receives FDA compliant, GMP certification on manufacturing practices for all hemp CBD products manufactured by the company

7/1/19--After years of requests to obtain GMP certification, a requirement set forth by the FDA for all consumable products manufactured for commercial distribution in the United States, Haleigh's Hope, Inc. announces that the company's efforts finally paid off on May 9, 2019. After several lawsuits and successful policy changes, GMP certification is now possible for state and federally compliant cannabis manufacturing facilities. Read

MedMen expands its cannabis retail empire to Florida

6/14/19--MedMen Enterprises, one of the larger cannabis dispensary operations in the US, is zeroing in on Florida as it continues its US expansion. MedMen, which is based in Los Angeles and operates 35 medical and recreational cannabis stores in the US, opened a 7,550-square-foot medical marijuana dispensary in downtown West Palm Beach, Florida, on Friday. Read

Operator of Franklin marijuana facility to be sold

6/14/19--The Cannabis Control Commission (CCC) on Thursday approved the sale of New England Treatment Access (NETA), which operates a marijuana cultivation facility in Franklin. The sale of NETA to Surterra was the fifth change of control or ownership application approved by the CCC. Read

Medical marijuana firm seeks OK to expand

6/4/19--Alpha Foliage, one of the state’s largest medical-marijuana firms, wants to grow bigger. The company filed a petition last week with the state Office of Medical Marijuana Use seeking to increase its number of storefronts. Read

For cannabis stock Tilray (TLRY), marijuana oversupply could be a good thing

4/25/19--Finding sufficient high quality marijuana to use in its products “has been a challenge” for Tilray. In response to the challenge, the company has added about 15,000 kilograms of production capacity to its High Park Gardens facility in Canada, and is building out production capacity in Portugal to support its move into the European market. Tilray believes that oversupply will be the big trend in the Canadian cannabis market — and it doesn’t want to sink too much of its capital into expanding production of a commodity that will one day end up in oversupply. Read

The marijuana billionaire who doesn’t smoke weed

1/16/19--Brendan Kennedy’s Canadian cannabis company Tilray has unexpectedly become America’s gateway to the legal marijuana industry. Tilray sells marijuana for medical use and, more recently, recreational use. It wears the crown as the hottest IPO of 2018, returning 315% for the year and valuing the Canada-based but American-run company at $9 billion today. To stay ahead, Kennedy, who actually had an antidrug upbringing, spends a lot of time trying to predict which country will be the next to legalize marijuana, so that Tilray will be there when it does. Read

Georgia marijuana company agrees to buy New England Treatment Access

1/14/19--New England Treatment Access, one of the state’s early medical marijuana operators and the first to sell recreational pot in Massachusetts, has agreed to be acquired by Atlanta-based Surterra Wellness. This acquisition is one of the largest to date in the US marijuana industry. The deal, which is subject to approval by the state Cannabis Control Commission, comes amid a wave of consolidation in the Massachusetts marijuana industry. Read

Pot unites democrats, republicans as ex-party chiefs join Tilray

12/13/18--Michael Steele and Dean Howard, former chairmen of the Republican and Democratic parties respectively, are among the heavyweights joining a Canadian company’s effort to boost the prestige of the marijuana industry. Tilray Inc., the first marijuana company to list directly on a U.S. exchange, announced the formation of a 10-person advisory board. Read

Aurora Cannabis to acquire Mexican company following partnership deal

12/10/18--Aurora Cannabis Inc. has signed a deal to acquire Mexican company Farmacias Magistrales. The deal to buy the pharmaceutical manufacturer and distributor follows an agreement last week that saw Aurora partner with the company. Read

Queen of cannabis: Pa.’s biggest weed dealer is a brash and bold entrepreneur

12/11/18--Chris Visco, a dominant retailer of medical marijuana, is the cofounder and CEO of TerraVida Holistic Centers, a chain of three marijuana dispensaries scattered across the Philadelphia suburbs. Visco has taken an unorthodox route to the top of the Keystone State's marijuana industry. She employs nearly 80 people and hopes to open six more spa-like dispensaries next year. Read

AB InBev watching the legal marijuana market closely

10/28/18--The world’s biggest brewer, Anheuser-Busch InBev (AB InBev), says it is keeping a close eye on the burgeoning marijuana market. Major brewing giants are increasingly linking up with marijuana producers as countries legalize the plant. This is partly because brewers are in some cases selling less beer where marijuana has been legalized. Read

Bill Weld: Former governor, now marijuana hype man

10/19/18--As a featured speaker at the Cannabis World Congress and Business Exposition in Boston, Bill Weld, former US attorney and governor of Massachusetts, appeared to be a hype man for Acreage Holdings. Weld actually supported marijuana for medical use as governor in the early 1990s, long before that policy had the widespread support of Americans. He also strongly endorsed the STATES Act, a bill that would repeal the federal prohibition of marijuana and allow states to set their own policies on the drug. Read


9/26/18--The Massachusetts Cannabis Business Association (MassCBA) is an independent, non-profit organization whose mission is to be the convener, voice, and advocate for the Commonwealth’s cannabis business community, including businesses providing ancillary services. Read

Starting Monday, you can shop later at Denver marijuana stores that choose 10 p.m. closing

4/24/17--Denver marijuana licensees on Monday received permission from the city to keep their stores open until 10 p.m. — a move the industry says will help it compete with businesses in some neighboring cities. Stores that offer recreational or medical marijuana sales (or both) will get the option to adjust their hours beginning May 1. Read

Getting high in the name of religion: the new church for weed smokers

4/13/17--The International Church of Cannabis in Denver, Colorado, claims to be the first venue in the world where people can legally consume cannabis in a social environment. However, cannabis consumption at the church may raise some legal issues. Colorado politicians are still considering a bill that would let local governments decide whether to allow social pot clubs. The bill would also allow any jurisdiction to ban them altogether. Read

Marijuana in the classroom in unexpected way

4/5/17--The University of Denver is bringing marijuana into the classroom in a way that's never been done before. It's the only AACB accredited business school in the country teaching a marijuana course with topics ranging from legal and political pitfalls to running your own company. Read

Embattled weed tech company MassRoots cuts jobs amid debt default

screen-shot-2016-10-10-at-10-03-57-pm9/27/16--MassRoots Inc., the cannabis-centric technology and social media company, has cut more than 40 percent of its workforce and recently defaulted on debt payments, the Denver-based firm disclosed. Read

Honest Marijuana Co. — organic cannabis grown with the earth in mind

screen-shot-2016-10-10-at-10-44-10-am9/26/16--Dope magazine writer Melissa Joy reports on her experience touring the wholesale company, Honest Marijuana. According to Joy, the quality of Honest Marijuana’s product is unreal, and nothing can compare to their garden. The company's mission is to utilize space as optimally as possible, while also employing eco-friendly methods to create their products. Read