Jazz Pharmaceuticals’ planned $7.2 billion takeover of United Kingdom-based GW Pharmaceuticals could kick off a wave of deal-making between pharma and medical cannabis companies, analysts and industry sources say. But rather than all cannabis pro…
Marijuana Cultivation News
Will GW’s multibillion-dollar sale ‘open floodgates’ to pharma-cannabis deal-making?
Jazz Pharmaceuticals’ planned $7.2 billion takeover of United Kingdom-based GW Pharmaceuticals could kick off a wave of deal-making between pharma and medical cannabis companies, analysts and industry sources say. But rather than all cannabis pro…
Market for licensed marijuana businesses heats up as buyers snap up retail stores, other properties
The market for buying and selling licensed cannabis businesses has perhaps never been hotter, with demand fueled by new entrants into the industry, hopes for federal marijuana reform and multistate operators keen to expand their footprint. On the flip …
iAnthus receives $11M loan, go-ahead to finish New Jersey cannabis facility
Cannabis multistate operator iAnthus said it has closed on $11 million of financing to complete a build-out and improvements of a cultivation and processing facility in New Jersey. The facility is the subject of litigation between MPX New Jersey and iA…
Power REIT acquires Canndescent cannabis greenhouse for $7.7 million
New York-based Power REIT on Thursday announced the acquisition of a 37,000-square-foot Southern California greenhouse used for cultivation of commercial cannabis in a cash and stock deal worth $7.7 million. The Riverside County property, which is alre…
Mississippi sets July 1 timetable for finalizing medical cannabis rules
Regulations for Mississippi’s medical cannabis program likely will be in place by July 1, according to members of the state Board of Health, but it’s still unknown when sales will begin. The state is set to begin issuing licenses for dispen…
Funding for marijuana companies surges after Democrats win control of White House, Congress
A Democratic election trifecta – control of the White House and both chambers of Congress – is giving marijuana industry executives hope for federal reform and encouraging investors to pump a record amount of money into cannabis businesses …
How interstate commerce could upend the marijuana industry
Also known as interstate commerce, each state’s laws limits the movement of cannabis to within the state.
How interstate commerce could upend the marijuana industry is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news fo…
Marijuana firm Planet 13 raises $53.9M in bought deal public offering
Nevada marijuana company Planet 13 Holdings raised 69 million Canadian dollars ($53.9 million) on Tuesday in a bought deal public offering. According to a company news release, the money will be used for “potential acquisitions for purposes of re…
US labor agency: Marijuana trimmers, grow-room employees can’t unionize
Marijuana cultivators, trimmers, sorters and packagers can’t form unions because they qualify as agricultural laborers, according to a watershed new ruling from U.S. labor regulators. The decision, 04_CA_260089_10_21_20_.pdf,, was released last w…