Canndescent, a major California cultivation company, has closed a $10 million Series B offering to finance the launch of new products and expand its production capacity by some eightfold. The lead investors in the raise are Floret Ventures, a San Francisco-based consultancy and investment firm, and...
Two marijuana testing facilities in Alaska are being audited by a state agency amid concerns about discrepancies in potency-testing results between the sites. The state Department of Environmental Conservation’s Environmental Health Laboratory is conducting the audits of Canntest and Steep Hill Alaska. Erika McConnell, director of the...
Ontario-based Maricann plans to acquire a hemp farm in Switzerland for 8 million Swiss francs ($8.5 million), making the Canadian medical marijuana producer the latest to seek a toehold in the lucrative European hemp market Maricann announced plans Wednesday to acquire hemp producer Haxxon AG, which...
Seattle-based Privateer Holdings, which has long been setting benchmarks for capital raises in the marijuana sector, has established a new standard – and demonstrated that at least some deep-pocketed investors have not been spooked by U.S. Attorney General Jeff Sessions. The marijuana-focused private equity company announced...
A girl in Illinois just had a huge victory for her health and her education last week. Eleven-year-old Ashley Surin was kicked out of school for wearing a medical marijuana patch and using cannabis oil and lotion. In 2008, when she was just a toddler, she was...
Sen. Mitch McConnell (R-KY), left, and Sen. Chuck Schumer (D-NY), center, struck a bargain that will fund the government through Feb. 8. House Republicans, led by Rep. Paul Ryan (R-WI), right, passed the measure on Monday afternoon. (AP Photo/Evan Vucci) Senate Democrats and Republicans came to...
Washington state Attorney General Bob Ferguson (Elaine Thompson/AP) Washington state officials sent up a flare over the state’s legal cannabis industry this week, asking operators to speak up about problems that have arisen in the wake of US Attorney General Jeff Sessions’ recent rescission of the...
New Brunswick’s provincial-run alcohol retailer and one of Canada’s top marijuana producers are teaming up to develop a training program for recreational cannabis retail employees. NB Liquor and Smiths Falls-based licensed producer Canopy Growth Corp. will launch the new program, which will first be offered to...
With a statewide ballot measure in Michigan likely to go before voters in November, the campaign working on the initiative just got some good news. According to a recent poll of Michigan voters, a solid 57% of them already support adult-use legalization, according to a survey...
With a statewide ballot measure in Michigan likely to go before voters in November, the campaign working on the initiative just got some good news. According to a recent poll of Michigan voters, a solid 57% of them already support adult-use legalization, according to a survey...
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