Smoke and ash from the record wildfires in the western U.S. are slowing the growth of outdoor marijuana plants and forcing cultivators to rethink when to harvest their crop. MJBizDaily takeaway: Growers in California, Oregon and Washington state are st…
Author: Chris Casacchia
Green Thumb’s sale-leaseback cannabis deal in Ohio valued at $32.2M
Marijuana multistate operator Green Thumb Industries announced an amended sale-leaseback deal valued at up to $32.2 million for a facility in Ohio, reflecting a further loosening of capital – especially for expansion in fast-growing markets. The …
Product shortages, rising prices hit Arkansas medical marijuana market
A leading Arkansas medical marijuana dispensary says it’s facing a product shortage that can be resolved only by additional cultivation capacity. Dragan Vicentic, owner of Green Springs medical marijuana dispensary in Hot Springs, the leading MMJ…
Billions at stake as voters decide on medical, adult-use marijuana markets in five states
(This story will be updated up to Election Day with new polling data and other information relevant to the legalization initiatives detailed below.) Voters in five states will decide whether to legalize medical and recreational cannabis on Nov. 3, with…
Cannabis product testing lab in Oregon forced to halt operations
Oregon regulators suspended the license of a marijuana testing lab for a series of violations, most of which predate the facility’s destruction earlier this month by the Almeda wildfire. The order by the Oregon Liquor Control Commission (OLCC) bans Eco…
Cannabis MSO Acreage raises $33M, partly to pay off higher-interest debt
Multistate marijuana operator Acreage Holdings said it raised $33 million in debt, a development that shows an easing of a credit crunch facing the company. The three-year loan with an unidentified institutional lender is unsecured and at a 7.5% annual…
Federal agency sues Maryland medical marijuana firm over sexual harassment
A Maryland medical marijuana operator has been charged with violating federal law by subjecting several dispensary employees to sexual harassment, a potentially costly problem for mainstream businesses that could impact the cannabis workplace. The U.S….
Utah medical cannabis sales, patients surpassing projections
Utah’s 6-month-old medical cannabis program has far exceeded sales and patient enrollment projections – sparking product shortages that are boosting business opportunities for licensed cultivators. The state already has hit the 10,000 milestone f…
Adult-use marijuana legalization in New Jersey expected to ignite domino effect
Billions of dollars in business opportunities are riding on whether New Jersey residents legalize a recreational cannabis market in November. A recreational marijuana industry in New Jersey itself – with a population of nearly 9 million people &#…
Massachusetts nears marijuana delivery from wholesalers
Massachusetts is just a step away from expanding its cannabis home delivery rules, a move designed to benefit social equity applicants as well as provide a second, potentially lucrative wholesale option. The Massachusetts Cannabis Control Commission on…