Business & Management
Report: Industrial Hemp Market to Hit $270 Million by 2025
The Industrial Hemp Market is set to grow from its current market value of more than $180 million to more than $270 million by 2025 according to a new study released by Global Market Insights, Inc. Increasing consumer demand for nutritionally favorable CBD oil which is a rich source of... more »
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
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 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 »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 »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
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 »
