Merger mania is sweeping through Canada’s medical marijuana industry. Aurora Cannabis offered to acquire rival producer CanniMed Therapeutics for 544 million Canadian dollars ($425 million) in stock, a deal that would be the largest acquisition t…
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MassRoots saw its red ink double in the third quarter, though the cannabis-focused social media network’s cash reserves were substantially higher than the previous three-month period. According to the company’s latest quarterly filing with …
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More than 50,000 patients have attempted to register for medical cannabis ID cards in Florida, but it appears many are being forced to wait months before receiving those cards. According to WFLA, a total of 50,284 patients have submitted registration f…
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MedReleaf reached a stock-purchase agreement to raise 60 million Canadian dollars ($47 million) to finance the acquisition or construction of marijuana production and manufacturing facilities in Canada and overseas. MedReleaf – based in Markham, Ontari…
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Lansing, Michigan, will open a 30-day window to apply for a license to run a medical marijuana dispensary on Nov. 16. The Lansing clerk’s office says 20 applicants will be conditionally approved to open for business in Michigan’s capital ci…
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With an expected boost in demand on the horizon, San Diego County’s only licensed cannabis grower plans to increase his farm’s output from 1,000 pounds in 2017 to at least 2,000 pounds next year, if not more. According to The San Diego Unio…
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(This is the first installment of a two-part series updating the status of marijuana markets one year after they were approved. Part I: Recreational. Part II: Medical.) The recreational marijuana industry had a big year in 2016, when voters in four sta…
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Few states are growing more hemp than North Dakota. With more than 3,000 acres in active hemp production and an unparalleled system for getting viable, certified seeds to interested growers, North Dakota could one day be the hemp leader it is for other…
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Licensed medical marijuana producers and patients groups are urging the Canadian government to reconsider its plan to impose an extra tax on medical MMJ. Ottawa wants to levy an excise tax on both recreational and medical marijuana. Groups such as Cana…
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Licensed producers of marijuana in Canada say the proposed federal tax regime leaves enough room for the recreational sector to compete with the black market and generate “meaningful profits” come legalization next summer. The tax would not…
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