Marijuana Cultivation News

Cannabis business experts at MJBizCon discuss shifting regulatory climates, cultivation practices, vape crisis & more

LAS VEGAS – Panelists at MJBizCon in Las Vegas this week took on various complicated issues swirling around the marijuana industry, including regulatory changes occurring in many states, best practices for indoor MJ cultivation, the vape health crisis and more. Assessing regulatory challenges in new markets According to a panel of marijuana industry experts at […]

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MJBizCon 2019 panelists shine spotlight on new and evolving US and global cannabis business opportunities

LAS VEGAS – How might the Canadian cannabis market fare in 2020? What will happen with the SAFE Banking Act in the U.S. Congress? How are U.S. cannabis operators complying with marijuana regulations across multiple states? Those issues and others were among the many U.S. and international cannabis business topics tackled during the second day […]

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Despite early freeze and $7 million in losses, Colorado marijuana grower still enjoys strong sales

Pueblo, Colorado-based Los Sue?os Farms – the state’s largest cannabis grower – now estimates it lost about $7 million in an early October freeze, but the owner said the outdoor harvest was still better than last year, and the company will have ample material for the extraction market. The Colorado market was initially concerned when […]

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Expanded cannabis content offerings highlight MJBizCon as attendees from around the world descend on Las Vegas

Marijuana Business Daily‘s annual MJBizCon – which caters to attendees from more than 75 countries – has extended its scope for the 2019 event with significantly broader program offerings surrounding hemp, marijuana investing, the science of cannabis and more. The series of events are part of the larger MJBizConWeek, which runs from Dec. 9 to […]

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Cresco terminates VidaCann acquisition, highlighting cannabis industry’s focus on saving cash

Chicago-based multistate cannabis operator Cresco Labs said it is ending its agreement to buy Florida’s VidaCann, becoming the latest U.S. marijuana M&A deal to unravel and highlighting the steps companies are taking to navigate a rocky business environment. Cresco’s decision, in particular, sheds light on how marijuana companies are scrambling to save money and refocus […]

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Cyprus delays bidding process so medical cannabis licensing fees can be reviewed

The bidding process to cultivate medical cannabis in Cyprus is stalled after government authorities requested a review of the licensing fees. The delay,?reported?by the Phileleftheros newspaper, stemmed from concerns the fees are too low given the revenue growers are expected to reap. According to previous announcements, winners of the application process would have to pay […]

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Marijuana layoffs continue

Michigan temporarily prohibited the sale of cannabis vaping products so they can be tested for the vitamin E acetate compound, which is linked to a nationwide vaping crisis that has led to 47 deaths and 2,290 lung illnesses.

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Germany reveals wholesale medical cannabis price at 2.3 euros per gram, signaling no windfall for suppliers

The German federal government will buy at least 650 kilograms (1,433 pounds) of medical cannabis flower from domestic producers for?approximately 1.5 million euros ($1.66 million) per quarter, which sets the average wholesale price at 2.3 euros per gram. The wholesale price implies that the high margins medical marijuana companies once enjoyed in that market could […]

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Major cannabis firm MedMen slashes more than 190 jobs, unloads assets to bolster bottom line

MedMen, a Los Angeles-based multistate marijuana operator, announced it is laying off more than 190 employees to shore up its bottom line, joining a growing list of cannabis companies shedding workers amid falling MJ stock prices and a dearth of outside funding. The cash-strapped, vertically integrated company also disclosed plans to scale back its store […]

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Nevada lawsuit

Pennsylvania’s medical marijuana dispensaries sold more than $500 million in MMJ products since sales began two years ago, a state official said Wednesday.

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