A Michigan circuit court has appointed a receiver for the assets of PharmaCo, a property of Canada-based cannabis multistate operator Red White & Bloom Brands. PharmaCo, which was acquired in February 2022 by Red White & Bloom subsidiary RWB Michigan, has operated licensed medical and adult-use marijuana stores and conducted limited cultivation in Michigan. Circuit […]
Cannabis industry finance company SHF Holdings, doing business as Safe Harbor Financial, has eliminated $1.2 million of indemnity liability through a four-year extension and modification of its agreement with Partner Colorado Credit Union. The eradicated indemnity liability, which was on the company’s balance sheet as of Sept. 30, went into effect Jan. 1, 2025, according […]
Deep Roots Harvest Doubles Down on Nevada – Cannabis Business Executive – Cannabis and Marijuana industry news skip to Main Content Source link
One of the oldest medical cannabis companies in the world is returning to Canada after exiting that market five years ago. Based in Veendam, Netherlands, Bedrocan International was founded in 1984 as an agricultural production company. Bedrocan got into cannabis seed development in 1992; a decade later, it received its first medical marijuana cultivation license […]
The image of clandestine cannabis cultivation is fading fast, with 66% of home growers feeling empowered to openly grow the plant, according to a recent survey. Women accounted for 61% of the home growers who responded to the survey, conducted by Stripe Theory on behalf of I Love Growing Marijuana (ILGM), an Amsterdam-based community-centric cannabis […]
With the number of people enrolled as medical marijuana patients in Georgia hitting 25,000 over the weekend, the state agency that operates the program can authorize more dispensaries to open. The six production companies licensed by the Georgia Access to Medical Cannabis Commission (GAMCC) now operate 13 dispensaries across the state. Under Georgia’s MMJ law, […]
California cannabis farmers growing their plants under the sun said the weather cooperated during the 2024 growing season. A cold, wet spring followed by a hot, dry summer with fewer wildfires combined to improve yields – and, potentially, prices. Sun-grown marijuana is celebrated for its rich terpene profiles and earthy, distinct aromas, which enthusiasts often […]
South Dakota’s first licensed medical marijuana dispensary not on tribal land is closing next month. Unity Rd. posted on Facebook that it and The Hartford Connection in Hartford, South Dakota, will cease operations Dec. 7. Unity Rd. opened on July 27, 2022 – 20 months after voters approved medical marijuana sales – and offered only […]
Deep Roots Harvest has acquired fellow Nevada marijuana operator The Source in a deal that includes a portfolio of retail, distribution and cultivation assets in the state. The acquisition gives Mesquite-based Deep Roots Harvest four additional retail outlets in Henderson, Las Vegas, North Las Vegas and Pahrump. The purchase price was not revealed, and a […]
Kentucky regulators have awarded 26 medical marijuana licenses for cultivators and processors seeking to operate in the state’s impending industry. The businesses chosen Monday in the Office of Medical Cannabis’ lottery must pay a licensing fee within 15 days or forfeit their ability to receive a license, the agency’s executive director, Sam Flynn, told the […]
