Aurora Cannabis (NYSE:ACB) is Canada’s second-largest marijuana company by revenue behind Canopy Growth (NYSE:CGC), but expansion projects could catapult it into first place someday. Aurora Cannabis went into this week with funded expansion projects targeting over 550,000 kilograms annually and exiting this week, its plans are targeting over 630,000 kilograms of peak marijuana production per year. What’s going on […]
Marijuana growers
Michigan’s medical marijuana dispensaries could run out of pot to buy
The 40 newly licensed medical marijuana dispensaries around the state are facing a shortage of pot from licensed growers, meaning some may have to shut their doors until spring. Michigan so far has licensed only 12 marijuana growers. From the time of planting to usable product, it takes between four to six months — and since the growers […]
Ohio’s new medical marijuana industry has a big problem: What to do with its money.
When Ohio’s medical marijuana dispensaries finally open their doors later this year or early next year, they’re expected to rake in a ton of cash. But they’re unlikely to head straight to the bank with it. Most banks and credit unions won’t handle proceeds from marijuana-related businesses because the drug is still considered an illegal controlled substance by […]
Mandatory Testing Costly For Colorado Marijuana Growers
New mandatory marijuana pesticide testing in Colorado is putting a financial squeeze on local cultivators to the tune of thousands of dollars in increased costs. The added expense is the latest financial blow to hit the state’s cultivators, which are already struggling with falling wholesale prices and a glut of product. Colorado’s Marijuana Enforcement Division […]
Oklahoma’s Medical Marijuana Industry Will Be Cash-Only
Oklahoma’s adoption of medical marijuana will be green in more ways than one: Retail dispensaries, processors, growing operations and tax agencies will have to work within a cash-only industry. With marijuana still illegal at the federal level, businesses involved in medical marijuana won’t have easy access to the federal banking system to move money around. […]
Boston Approves Zoning Regulations For Marijuana Businesses
Recreational marijuana businesses are welcome to set up shop on the main streets of Boston, but cannot cluster near one another, under new rules approved by city zoning officials Wednesday. Approved by the Boston Zoning Commission on an 8-1 vote, the regulations will allow retail marijuana shops, growers, and other state-licensed cannabis operations to open […]
California Considers Cutting Marijuana Taxes To Draw Legal Customers
SACRAMENTO, Calif. — Less than three months after California launched legal marijuana sales for adults, the state could consider temporarily slashing hefty tax rates that some say are driving buyers into the black market. Growers and sellers in the nation’s largest legal marketplace have been complaining that taxes that in some cases can near 50 percent are […]
Oregon Marijuana Prices Plummet As More Producers Appear
The retail and wholesale prices of pot in Oregon are falling with the proliferation of producers and recreational marijuana shops, according to an analysis by a state economist. “The biggest thing is just competition,” said Josh Lehner, an economist with the Oregon Office of Economic Analysis in Salem. “As we get more stores, as we […]
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 […]
Nevada Marijuana Growers Worry As New Regulations Arrive
Nevada marijuana growers are fearful of going out of business as the state moves forward with a set of permanent regulations that some cultivators say give dispensaries an economic advantage. Cultivators before the Nevada Tax Commission on Tuesday lamented the number of dispensaries that have begun growing their own marijuana, saying that they had for years kept the […]
Aurora Cannabis Looks To Make $3 Billion Merger With CanniMed Therapeutics
Look out, Canopy Growth Corporation. Your reign as the pure-play marijuana stock with the highest market cap might not last for long. On Tuesday, Aurora Cannabis announced that it had submitted a proposal to acquire all shares of another Canadian marijuana grower, CanniMed Therapeutics. Aurora is offering to buy CanniMed, which trades on the Toronto Stock Exchange, for $24 per share. […]
Majority of Canadians Say Cannabis Should Be Available via Private Retailers
Two-thirds of Canadians would allow licensed marijuana growers to open their own retail outlets to sell the product, according to a new poll. The survey of 5,000 Canadians from Oracle Poll found 65 per cent of respondents would support retail marijuana outlets owned by licensed growers. It comes amid plans by the governments of Ontario and New […]
With Legal Cannabis on Its Way, California Growers Continue to Operate in the Dark
LAYTONVILLE, Calif. — From the sky they look like citrus groves, neat rows of lush emerald-colored plants set amid the hills of Northern California. But as a police reconnaissance helicopter banked for a closer look on a recent afternoon, the pungent smell of marijuana plants filled the cabin, wafting up from 800 feet below. “That’s […]
Maryland Adds Eight New Medical Marijuana Growers
Maryland’s medical marijuana regulators approved final licenses for eight growing companies on Monday, allowing them to start cultivating the drug. Several companies said they are ready to begin growing immediately, while others say they will take weeks to get started. “Now, we have a real industry,” said Cary Millstein, CEO of newly licensed grower Freestate […]
Cannabis Could Be the Answer in Coal Country
Johnsie Gooslin spent Jan. 16, 2015, tending his babies — that’s what he called his marijuana plants. More than 70 of them were growing in a hydroponic system of his own design. Sometimes, he’d stay in his barn for 16 hours straight, perfecting his technique. That night, he left around 8 o’clock to head home. […]
Here’s a Quick Look into Pennsylvania’s Budding Medical Marijuana Industry
WOODBRIDGE, N.J. – Sarah Drum saw the medical marijuana industry coming to New Jersey and jumped at the chance to be there from the beginning. Her workplace, a former chain electronics store, used to be the place people came to buy televisions and DVD players. But last year, nearly 2,700 patients with glaucoma, multiple sclerosis, […]
Arkansas to Begin Accepting Medical Marijuana Applications Next Week
LITTLE ROCK, Ark. (AP) — Arkansas’ medical marijuana industry will ramp up in the next week, with the state poised to accept applications from potential patients, growers and distributors. Beginning Friday, the state Medical Marijuana Commission will accept applications from those hoping to grow or supply marijuana, while the Health Department will take applications from […]
Ohio Patients Still Waiting a Year Later for Medical Marijuana
COLUMBUS, Ohio — The landscape has changed since Gov. John Kasich signed Ohio’s medical marijuana law one year ago today. Details of the new, tightly-controlled program began rolling out in November. The state began accepting applications for 24 grow licenses on Monday, and other businesses are preparing to apply for dispensary and processor licenses in a […]
