Cannabis Product News Hemp Production News

Business & Management

May 20, 2019
Massachusetts OKs Cannabis Cafes

Massachusetts marijuana regulators have approved a plan to slowly roll out cannabis cafes where adults could use pot in a social setting. The 3-2 vote by the Cannabis Control Commission on Thursday calls for an initial test program in as many as a dozen communities where licenses would be granted... more »
Hemptown USA raises 17.2 million dollars

May 16, 2019
Hemptown USA Raises $17.2 Million

Hemptown Organics Corp, a multi-state hemp operation doing business as Hemptown USA, has announced the completion of a $17.2 million round of financing, which closed May 10, 2019. The financing enables Hemptown USA to embark on a multi-state expansion, purchase $5.5 million worth of CBD seeds, begin the build-out of... more »
Curaleaf acquisition

May 9, 2019
Curaleaf to Acquire Ohio Grown Therapies’ Licenses

Curaleaf announced it has entered into an agreement that grants it an option to purchase Ohio Grown Therapies medical cannabis cultivation and processing licenses. The value of the deal is estimated at $20 million. Curaleaf said it can complete the acquisition of the licenses and the lease in the second... more »

May 2, 2019
Curaleaf to Purchase Cura Partners

Curaleaf Holdings Inc. plans to acquire state-regulated cannabis business of Cura Partners, owners of the Select cannabis wholesale brand. The acquisition will be conducted through an all-stock transaction valued at $948.8 million. Following the completion of the deal, Curaleaf will own Select's manufacturing, processing, distribution, marketing and retailing operations and... more »

April 9, 2019
Harvest Inc. Buys Out Verano

In one of the biggest acquisitions in the cannabis market, Harvest Inc. has bought out its biggest competitor, Verano, for $850 million. The deal makes Harvest the biggest marijuana distribution company in the country. Harvest now has the right to operate up to 200 facilities — including 123 retail dispensaries... more »
Marijuana banking bill approved by house committee

March 29, 2019
Marijuana Banking Bill Approved By House Committee

The House Financial Services Committee approved legislation on Thursday that would greatly expand marijuana businesses' access to banks and other financial services. Following multiple days of lengthy debate, the House panel backed the Secure and Fair Enforcement Banking Act, or SAFE Banking Act, with a 45-15 vote. The measure, which... more »
Cannabis Industry is fastest growing job market

March 17, 2019
Report: Cannabis is Fastest Growing Sector in U.S. Job Market

According to a new report from Leafly and Whitney Economics, the marijuana industry added 64,389 jobs in 2018 — an increase of 44 percent from 2017. There are now more than 211,000 legal cannabis jobs in the U.S., and that numbers jumps to 296,000 when indirect jobs (suppliers or independent... more »
Flow Kana raises funds for sustainable cannabis

February 18, 2019
Flow Kana Raises $125 Million to Expand Cannabis Supply Chain

Marijuana producer and distributor Flow Kana, based in Redwood Valley, California, has closed on a $125 million deal that is being touted as the largest private funding round for a U.S.-based cannabis company. The funds will allow Flow Kana to finish building its manufacturing facilities on the former Fetzer Vineyards... more »

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