Category: Cultivation

Colorado’s largest cannabis grower loses millions of dollars in early freeze; supply disruption expected

Los Sueños Farms The largest marijuana grower in Colorado – Pueblo-based Los Sueños Farms – disclosed it lost millions of dollars during an early winter storm after half the company’s plants froze before harvest could be completed. The crop loss in Southern Colorado is expected to send ripples throughout the state’s cannabis supply chain, reducing […]

CannTrust to destroy CA$77 million in cannabis plants, inventory

Embattled CannTrust Holdings on Monday disclosed it plans to destroy 77 million Canadian dollars ($58.2 million) worth of cannabis plants and inventory as part of the Ontario company’s efforts to regain its suspended business licenses. The company said in a news release its board “has determined that it is necessary to destroy approximately CA$12 million of […]

Village Farms CEO talks branding, strategy for marijuana

Published 49 mins ago Village Farms is counting on its 30-plus years of experience in megascale, low-cost product growing to give it a leg up as it shifts focus to the Canadian cannabis and U.S. hemp markets. In an Executive Webcast on Oct. 8 at 2 p.m. ET, CEO Michael DeGiglio will join Investor Intelligence Analyst Craig Behnke […]

New Mexico medical cannabis growers sue over plant count limits

Three New Mexico medical cannabis cultivation companies are challenging a plant-count limit the state’s regulators put in place, saying the cap puts constraints on the supply of medical marijuana to patients. G&G Genetics, Sacred Garden and Ultra Health joined together in filing a lawsuit against the state’s health department in response to the new rules […]

Employing temporary workers for short term cannabis industry jobs

(This is an abridged version of a story that appears in the September issue of Marijuana Business Magazine.) The gig economy has permeated U.S. culture as companies such as Uber, Lyft and DoorDash offer people a way to make a living while offering services that customers demand. Approximately 41 million U.S. citizens work as consultants, contractors, […]

California water board sends warnings to cannabis growers

The California Water Boards sent at least 270 letters to farmers in the Emerald Triangle, warning them to come into compliance with regulations or face possible fines and even the loss of their cultivation licenses. The agency posted on Twitter that its Division of Water Rights’ Cannabis Enforcement Section sent the letters to “residents in Trinity, Humboldt […]

Capitalizing on marijuana markets with limited rivals

Cannabis cultivation companies with a foothold in “constrained” markets – those with relatively few licenses such as Massachusetts – have a natural advantage, thanks to limited competition and marijuana supplies. Massachusetts-based Tilt Holdings is one such company. Tilt has multiple businesses that, among other things, offer cannabis-related technology and operate cultivation centers and retail stores […]

GB Sciences sells Louisiana medical marijuana company for $32 million

Nevada-based GB Sciences, and one of two licensed marijuana businesses in Louisiana, sold its 50% ownership stake in GB Sciences Louisiana. The stake will be purchased by Wellcana Plus, a Lafayette, Louisiana-based company which holds the other 50% of the operation, by the end of October, according to a release. The sale is for $16 […]

Cresco Labs acquires marijuana company Tryke for $282.5 million

Chicago-based Cresco Labs, one of the largest multistate cannabis operators in the U.S., said it is buying Tryke, a vertically integrated private cannabis company active in Nevada and Arizona. Here are the basics around the announcement: The purchase price for the transaction is $282.5 million, made up of $55 million in cash and the balance […]

Washington state cannabis trade group proposes capital equity fund

A cannabis industry trade group in Washington state on Monday proposed legislation to fund a social equity program that would help remove barriers to capital for minority business owners and would eliminate a residency requirement for potential investors in the market. The Washington CannaBusiness Association (WACA) put forward the Cannabis Capital Equity Act, which would be supported […]