Jushi Inc. will become one of the dominant players in the Keystone State’s medical marijuana market with its $37 million acquisition of Scranton-based Pennsylvania Medical Solutions from Vireo Health International. The aggressively expanding Jushi, based in Boca Raton, Fla., already holds permits to operate 15 cannabis dispensaries in Pennsylvania under its retail brand Beyond/Hello. Seven […]
marijuana cultivators
Cannabis firm Aurora’s stock jumps 19% in pre-market trading as sales surge during coronavirus
Canada-based marijuana producer Aurora Cannabis pulled off high sales during the early months of the coronavirus pandemic. The licensed weed producer in Alberta posted third quarter revenues of $53.4 million (all figures in this post are in US dollars) on Thursday – an 18% jump from the previous quarter – driven by a 24% increase in sales […]
Tilray says coronavirus has not materially impacted its ability to sell marijuana
The COVID-19 pandemic has not materially hurt cannabis producer Tilray Inc.’s ability to sell pot to medical patients and recreational customers, the company said late Monday as it reported a wider-than-expected net loss. Shares of Tilray TLRY, +3.85% fell 1.9% in the extended session after closing up 3.9% to close at $8.08 in Monday trading. The stock has […]
Mexican Farmers Are Growing Cartel-Free ‘Ethical’ Weed
Cannabis production in Mexico is making a comeback, and this time it’s cartel-free. Independent farmers are now producing high-quality “ethical” weed—without the involvement of the country’s violent cartels. As the country prepares to create a legal weed market, cannabis producers and dealers in Mexico told VICE that interest in finer types of homegrown weed, marketed with […]
Cannabis giant Canopy Growth further shrinks global footprint
Canopy Growth’s latest efforts to pare down its global cannabis operations include closing a US hemp farm and exiting Africa, the company announced Thursday. Much like other larger North American cannabis firms whose growth far outpaced that of the market they served, Canopy Growth (CGC) is shedding operations to drastically cut costs and save cash. Last month, that meant shuttering 3 […]
Growing off the grid: Marijuana businesses find ways to be eco-friendly
Growing marijuana, an energy-intensive activity, is not easy to take “off the grid.” Yet that is what Solar Therapeutics is planning to do. This month the marijuana cultivation and retail company will turn on its microgrid, essentially giving Solar Therapeutics its own power plant, which will generate all the energy required to power its 42,000-square-foot […]
Facing stiff competition, will Colombia’s marijuana industry go up in smoke?
A intense scent hangs in the air at the 15-hectare La Chacra medicinal cannabis farm in central Colombia, where marijuana plants blossom in the warm closeness of its huge, heavily-secured greenhouse. It is one of the world’s biggest crops, but the farm, run by cannabis company Clever Leaves, has only managed to export a few […]
The ‘Green Dimension’: Inside the Lives of California’s Marijuana Trimmers
Tucked into the forests of Mendocino County, accessible by a two-lane road that winds through hills of golden grass abundant with rattlesnakes is the small town of Covelo, where hundreds of seasonal workers converge every year, eager to help harvest the region’s most lucrative cash crop — marijuana. These workers, known as “trimmigrants,” patiently cut […]
Canadian Cannabis Farmers Will Qualify For Some Federal Funding
When Canada officially launches its recreational marijuana market later this year, the federal government will provide the nation’s cannabis farmers with some of the same funding opportunities as other green thumb industrialists. Earlier this month, agricultural ministers representing every level of government decided during their annual meeting in Vancouver that the companies producing cannabis plants for both […]
Northern California County Turns Back On Growers – Votes To Ban Marijuana
A previously pot friendly rural Northern California county has reversed course and banned commercial marijuana farms, paving the way for lawsuits from growers who previously received permits and paid taxes. A newly constituted Calaveras County board of supervisors last week voted 3-2 to ban marijuana, giving some 200 farmers with permits about three months to […]
