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Massachusetts high court sides with marijuana business owner in dispute

A Massachusetts marijuana dispensary owner won a potentially landmark case when the state’s Supreme Judicial Court ruled that she can operate as a for-profit business – despite local restrictions designed to keep her shop as a not-for-profit. According to Court House News Service, Ellen Rosenfeld started her CommCan medical marijuana dispensary before the state legalized …

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Cannabis business Lowell Farms raises $18 million in equity private placement

Vertically integrated California cannabis company Lowell Farms announced the completion of a nonbrokered equity private placement worth $18 million. “Proceeds from the offering are contemplated to be used for working capital purposes, automation investments, and expansion into new markets,” Salinas-based Lowell Farms said in a Tuesday news release. The offering includes 18 million units of …

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Valens to acquire craft cannabis firm Citizen Stash for CA$54.3 million

Kelowna, British Columbia-based cannabis extractor The Valens Co. has announced a 54.3 million Canadian dollar ($43 million) deal to acquire premium flower company Citizen Stash Cannabis Corp. The all-stock transaction will see shareholders of Mission, B.C.-based Citizen Stash receive 0.162 Valens shares for each Citizen Stash share, representing a 35.1% premium for Citizen Stash shares based …

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Forced Labor Impacts U.S. Cannabis Industry

Back in May, we urged cannabis businesses to be mindful of the U.S. prohibition on the importation of goods produced by forced labor. Our concern stemmed from the growing interest on the part of our cannabis clients in establishing operations in countries where they can take advantage both of suitable climate conditions and low labor …

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The cannabinoid CBN might be the cannabis industry’s surprise hit

While delta-8 is certainly stealing the spotlight, CBN might just be the sleeper cannabinoid of the summer – pun intended. Over the past year, cannabis companies have been leveraging the compound’s reputation as a sleep aid with growing success. Also known as cannabinol, CBN was first discovered nearly a century ago. Over that period, companies …

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Five Cool Cannabis Growing Tools You Should Have for Your Grow

As a marijuana grower, you have specific goals and objectives to achieve either personally or commercially. The dreams for your cannabis farm can come to pass if you work with helpful tools. Every grower needs the five highlighted tools discussed in this article. If you have been planting cannabis for some years, you will agree that …

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Weed Insurance – Yes, It Is Going to Be a Very Big Thing!

Despite the yearly earnings for the cannabis industry, insurers only wrote out about 250 million in policies and in many cases are charging far more than typical retailers with extreme limits in place. This might not be of significant importance to consumers, but if insurers do get a chance to play with the cannabis industry …

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Native American Tribe In Michigan Looks To Cannabis To Diversify And Boost Its Local Economy

The Grand Traverse Band of Ottawa and Chippewa Indians in Michigan recently joined the state’s recreational cannabis market, reported MjBizDaily. A tribal ordinance, that went into effect on Aug. 29, now regulates and controls the commercial cultivation, processing, distribution and sale of marijuana and marijuana products within the tribe’s jurisdiction, across six counties in the …

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Ohio adult-use marijuana campaign cleared to begin gathering signatures

A group attempting to legalize adult-use marijuana in Ohio on Monday received a thumbs-up from the state to begin the signature-gathering process in order to place their ballot question before voters next year. The state Ballot Board certified the Coalition to Regulate Marijuana Like Alcohol’s proposed ballot measure as a single subject, according to a …

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