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Canadian comedy star Jay Baruchel’s penchant for pot began with his discovery of a severe alcohol allergy. The Montreal-raised actor-filmmaker, who’s played a stoner in films including “Knocked Up” and “This Is the End,” says he turned to cannabis many years ago when he found out his liver lacks the proper enzymes to process alcohol …

Jay Baruchel Talks Cannabis Legalization In Canadian Audible Original ‘Highly Legal’ Read More »

Tilray said Tuesday it acquired a majority of the debt that California-based MedMen Enterprises owes to New York hedge fund Gotham Green Partners and other funds, giving the Canadian cannabis producer a shot to acquire MedMen in the future as well as entry into the U.S. marijuana market in the event of federal legalization. According …

With an eye on US cannabis market, Canadian firm Tilray acquires majority of MedMen debt Read More »

Ohio-based Scotts Miracle-Gro’s new marijuana investment subsidiary, The Hawthorne Collective, has made another deal. The Collective invested $3.2 million in Washington state-based Dewey Scientific, a fledgling ag-tech endeavor that is seeking to boost the genetic diversity of cannabis crops in the Pacific Northwest. That follows last week’s announcement that The Hawthorne Collective was making a …

Scotts Miracle-Gro arm invests $3.2M in marijuana ag-tech venture Read More »

CANNABIS CULTURE – A Compendium of History, Pharmacology, Mythology and Exploration Fall is finally here. The weather is getting cooler, the leaves are turning colors, and mushrooms of all varieties are beginning to pop! Thousands will be venturing to their local cow pastures and other favorite haunts this autumn in search of psychedelic psilocybe mushrooms. …

Fly Agaric Mushroomer`s Fieldguide Read More »

Midwest cannabis states Illinois and Michigan set sales records for their respective markets last month, with Illinois hitting $128 million and Michigan reaching $171 million. Illinois’ sales benefited from the Lollapalooza music festival, according to the Chicago Tribune, and Michigan from a continuance of the COVID-19 purchasing bump most U.S. cannabis businesses have experienced, the …

Illinois, Michigan establish monthly cannabis sales records in July Read More »

Marijuana multistate operator Trulieve Cannabis distanced itself from the conviction of CEO Kim Rivers’ husband on five public corruption charges connected to his real estate development business. “We have consistently maintained that neither Trulieve nor our CEO are involved in the case,” Trulieve said in a Twitter post in response to J.T. Burnette’s conviction on …

Trulieve reiterates support of marijuana CEO amid husband’s conviction Read More »

Multistate marijuana operator Harvest Health & Recreation on Monday closed a sale-leaseback transaction, selling a cultivation and processing facility in Hancock, Maryland, to Innovative Industrial Properties for $16.6 million. Harvest closes $29.5 million Maryland sale-leaseback deal with cannabis REIT is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

California Gov. Gavin Newsom’s Department of Cannabis Control aims to unclog a glut of temporary licenses and transition them to annual permits as well as ease regulatory red tape and financial burdens on businesses. That’s according to spokespeople at the newly established agency, which launched in July and amounts to one of the state’s biggest …

California completes marijuana regulatory agency merger; new cannabis czar takes over Read More »

Canadian cannabis cultivator Bonify Holdings Corp. is shutting down, 2½ years after its sales license was suspended because the company sold illegally sourced marijuana into the regulated market. Another Canadian company, CannTrust, is currently restructuring after violating federal cannabis regulations. The impending closure of Winnipeg, Manitoba-based Bonify was announced in an Aug. 12 email to …

Canadian cultivator Bonify shutting down in wake of illegal cannabis sales scandal Read More »

In my last post in this series, I discussed how the purchase price is structured in cannabis M&A transactions, and how escrow can be used in connection with the purchase price. Today, I want to discuss how adjustments are commonly made to the purchase price, both during the pre-closing period (between signing and closing), and …

Cannabis M&A: Purchase Price Adjustments Read More »