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Why the US Cannabis Industry Will Blow Past the $30 Billion Mark in 2022

Recent reports indicate that America will soon surpass the $30 billion mark by 2022, the most significant sporadic annual growth that the country has ever experienced in its marijuana industry. There is also a recent wave of medicinal and adult-use legalization around the USA, implying that the marijuana sector will outperform other industries with impressive numbers. …

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What Exactly is Clean Green Certified Cannabis?

This initiative has been described as the nearest anyone can get to organic. Clean Green is an essential qualification program accessible to marijuana manufacturers and processors across the nation. It was also set up to make it easy for customers and cannabis enthusiasts to recognize products that match the organic principles. The Clean Green initiative …

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How Long Ago Was Cannabis Domesticated?

Tracking the changes through time can also provide insight into how societies utilize cannabis as a fibre, medicine and recreational drug. Cannabis is an old, old plant. Its use as a medicinal substance and spiritual enhancer have been documented in ancient times and found in archeological sites in Asia dating back thousands of years. Cannabis …

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California cannabis business sues 4Front for alleged unpaid fees

A cannabis company in California is alleging in state court that it is due more than $400,000 in connection with a sale three years ago. Brothers for Life claims the sale agreement with Vancouver, British Columbia-based Cannex Capital Holdings in 2018 called for additional fees of at least $200,000 a year to be paid in …

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Marijuana ancillary firm Greenlane raises $32 million in equity

Greenlane Holdings, a Florida-based ancillary marijuana company, said it entered into definitive agreements with institutional investors to raise $32 million from the sale of stock and warrants. A company news release didn’t specify how the money would be used, but Greenlane has said in previous regulatory filings that proceeds will be used for working capital …

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Cannabis platform Leafly goes public with $385M valuation via SPAC merger

Leafly, an online marijuana guide and cannabis news website based in Seattle, announced it will go public via a merger with Merida Capital Holdings, a special purpose acquisition company (SPAC) based in New York. Cannabis platform Leafly goes public with $385M valuation via SPAC merger is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness …

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Pure Sunfarms posts quarterly profit on surging marijuana revenue

Licensed cannabis producer Pure Sunfarms reported a significant jump in adult-use marijuana revenue for the three months ended June 30, further separating itself from most of its large-scale competitors with consistent sales growth, analysts said. British Columbia-based Pure Sunfarms, a subsidiary of Village Farms International, booked net sales of $24.8 million (31.2 million Canadian dollars) …

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FREE Webinar: Starting a Ketamine Clinic– What You Need to Know

REGISTER HERE!  As psychedelic treatments move to the forefront in healthcare, there has been a proliferation of new ketamine clinics opening throughout the United States. In addition, there is robust activity in the mergers and acquisitions market for these clinics. Ketamine is being used for a wide range of off-label uses, including for certain mood disorders.  On Thursday, September 9th at 3 pm EDT …

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CEOs of acquired marijuana companies cash in by the millions

The days of $100 million-plus golden parachutes in the United States might be over. But the phenomenon of rewarding CEOs with hefty payouts remains alive and well in mainstream merger and acquisition deals and has taken root in the marijuana industry. An MJBizDaily examination of recent marijuana M&A deals reveals a variety of ways that …

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