In a desolate industrial zone of this capital city, a cannabis grow house is under construction that, when finished, will span 178,000 square feet, about the size of a Walmart superstore. At full capacity, 17 tons of marijuana a year, worth about $50 million, will be harvested. Among the planned offerings is an American strain […]
Marijuana growers
Aurora Cannabis Marijuana Peak Production Leaps Higher
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 […]
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 […]
