Drying and curing is a critical stage for marijuana cultivators that can make or break the quality of the final product. Proper drying and curing not only preserves potency and flavor but also improves the safety, shelf life and overall user experience of cannabis flower, cultivation experts told MJBizDaily. “You can take a really good […]
A former senior vice president of Curaleaf Holdings alleges in a lawsuit that the cannabis multistate operator terminated her employment after she complained about sexual harassment and racist comments. Khadijah Tribble, who is Black, also alleged in the suit against New York-based Curaleaf and former CEO Matt Darin that she was fired in March 2023 […]
A Green Thumb Industries subsidiary is providing $20 million in funding to marijuana cultivation and extraction solutions company Agrify Corp., with $10 million being drawn at closing. According to a news release, Agrify also is undergoing a management shake-up in which: Chair and CEO Raymond Chang resigned and I-Tseng Jenny Chan stepped down from the […]
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 […]
A rebate program aimed at encouraging indoor farmers – those growing cannabis and other crops – to switch to LED lights proved so popular that Minneapolis-based utility company Xcel Energy ran out of money to pay for it. The funding shortfall has left cannabis ancillary companies such as Scynce LED on the hook for hundreds […]
In a letter to the U.S. Department of Treasury and the IRS, the American Institute of CPAs (AICPA) is trying to provide guidance aimed at cannabis businesses and tax professionals ahead of potential marijuana rescheduling. “Since the beginning of decriminalization and legalization of marijuana across a growing number of states, cannabis businesses and their CPAs […]
Delaware on Thursday awarded the state’s first adult-use marijuana licenses to cultivators and manufacturers via a lottery. Of the 1,260-plus license applications, 727 made it to the Office of the Marijuana Commission’s lottery, which the agency hosted on Facebook Live. Delaware’s 13 existing medical marijuana dispensaries already applied for and were awarded adult-use licenses, which […]
Minnesota’s recreational marijuana market is on track to launch in 2025, even as some potential businesses say they’re concerned that the process is taking too long. The state’s Office of Cannabis Management (OCM), created under the 2023 law approving adult-use marijuana, has the first draft of the rules, providing more direction about how businesses will […]
Canadian cannabis operator Canopy Growth Corp. made an early payment to reduce a loan term by $100 million (roughly 138.5 million Canadian dollars). The prepayment enables Canopy Growth to reduce its debt at a discounted price of $97.5 million and results in annualized interest savings of about $14 million, according to a news release. The […]
Adult-use marijuana sales in Illinois were down a little more than 2% in September compared to the same month last year, even though businesses sold more than $1 billion worth of marijuana faster than they have in previous years. Sales of adult-use products totaled $136.5 million last month, compared with $139.5 million in September 2023, […]
