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Maryland Medical Marijuana Sales Hit $1 Billion in Less Than 40 Months! New Billion in Sales Predicted in Next 20 Months.

To attain $1 billion status in total retail sales in the Medical Cannabis Industry alone in less than four years is praise-worthy. This stunning announcement was made during a public meeting by the Executive director of the Medical Cannabis Commission in Maryland, William Tilburg. In the course of this meeting, Mr. Tilburg explained that the …

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Two California officials sentenced to two years in marijuana corruption case

Two former California city officials were each sentenced to two years in prison for accepting $35,000 in cash bribes in January 2020 in exchange for ensuring that a marijuana dispensary application would be successful. The case reflected the FBI’s determination to crack down on public corruption in California’s marijuana market and revealed publicly the presence …

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Cannabis firm Cronos’ CEO gets CA$12 million-plus in partial-year pay

Canadian cannabis producer Cronos Group paid CEO Kurt Schmidt more than $10 million (12.2 million Canadian dollars) in salary and other compensation in 2020, according to the Toronto-based company’s recently disclosed proxy circular, even as the company continued to lose money. Schmidt’s compensation reflects a salary and bonus that covers only the part of the …

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Green Organic Dutchman plans cannabis greenhouse sale by summer

Canadian producer Green Organic Dutchman expects to sell its massive greenhouse in Salaberry-de-Valleyfield, Quebec, by the end of June, becoming the latest company to unload a cultivation facility amid a glut of cannabis. As recently as last summer, The Green Organic Dutchman (TGOD) had said the structure was “expected to be the largest organic cannabis …

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Breaking: Marijuana MSO Trulieve buying Harvest Health in $2.1 billion mega-deal

Florida-based Trulieve Cannabis announced an agreement to acquire Arizona-based Harvest Health & Recreation in an all-stock deal valued at about $2.1 billion and touted as the largest U.S. cannabis transaction to date. Breaking: Marijuana MSO Trulieve buying Harvest Health in $2.1 billion mega-deal is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news …

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