An $850 million deal to buy Verano Holdings has been terminated, marking the second high-dollar acquisition of a Chicago marijuana company to fall through in less than a year. Phoenix-based Harvest Health & Recreation announced it planned buy Verano Holdings just over a year ago. The deal would have given Harvest the right to operate Verano’s cultivation […]
On the Move
Startup Serving Cannabis Brands and Retailers Draws Veteran Investment Team
PRESS RELEASE Leading Cannabis Media Executive Launches Jage Media, Attracting Key Investors Including BDS Analytics and CanopyBoulder SEATTLE and BOULDER, COLO., March 6, 2020 — Jage Media, a cannabis business event and media firm founded by George Jage, announced the completion of its seed round today. The company debuts with funding from a roster of veteran cannabis […]
More and more older adults are using marijuana
More and more older adults are using some form of marijuana, according to new survey data, and their doctors aren’t prepared to talk with them about it. The percentage of adults over the age of 65 who said they’d used some form of cannabis in the past year was 75 percent higher in 2018 — […]
Arizona’s biggest marijuana company just got bigger and has plans for major national growth
Harvest Health and Recreation, Arizona’s biggest medical-marijuana operator, said on Wednesday it has acquired three shops run by competitor Arizona Natural Selections, giving Harvest 14 of the 120 or so operating retail stores in the state. The companies didn’t disclose the price, other than to say Tempe-based Harvest acquired the licenses for a “non-material” amount […]
Instead of releasing this greenhouse gas, beer brewers are selling it to pot growers
The state of Colorado and three small businesses are trying a novel approach to reduce carbon emissions that sounds like something out of the fever dreams of Willie Nelson: using carbon dioxide produced from beer brewing to help marijuana plants grow. Denver Beer Co., Colorado’s seventh-largest craft brewery by volume, is testing technology developed by Austin-based Earthly […]
You’ll soon be able to earn a degree in cannabis from a Colorado university
Colorado State University-Pueblo received state approval Friday for the state’s first cannabis-related degree program, to be launched this fall. The program — called “Cannabis, Biology and Chemistry” — will focus on the science necessary to work in the cannabis field, with coursework similar to double-majoring in biology and chemistry, said David Lehmpuhl, dean of CSU-Pueblo’s […]
Study: College Binge Drinking Down, Pot Use Up in Legalized States
It doesn’t take extensive research to know that some college students smoke marijuana and drink alcohol, but a recently published study shows students are turning to the plant over booze in states where weed is legal. Conducted by Oregon State University, the study concludes that states where marijuana was legalized by 2018, including Colorado, had a rise […]
A serial tech entrepreneur is trying to create an Amazon-like platform for legal marijuana
It’s been 23 years since California became the first state to legalize medical marijuana, and five years since Colorado and Washington became the first to make recreational pot legal. There’s still a big problem. Cash. A lot of it. Cash isn’t just king in cannabis, it’s almost all there is. “It’s a huge issue,” said […]
MLB to stop testing minor leaguers for marijuana as part of new drug agreement, report says
MLB and the MLB Players Association are negotiating changes to the drug agreement that would introduce opioid testing. As part of the new drug agreement, MLB would also remove marijuana from the league’s list of banned substances for minor-league players, according to The Athletic’s Ken Rosenthal. Players on the 40-man roster are not tested for marijuana, […]
MLB and players’ union mull testing for opioids while easing marijuana penalties
When healthy, Kyle Blanks could crush a baseball. In the final 32 games of 2009, his rookie season with the San Diego Padres, playing in a home field so cavernous it was known as Petco National Park, Blanks hit 10 home runs. But he never hit that many home runs in a season again, his […]
