Chicago’s Cresco Labs today said it would sell two cultivation and processing properties to Innovative Industrial Properties, and terminate the previously announced acquisition of Florida’s VidaCann Ltd. In a press release, Cresco Labs CEO and co-founder Charlie Bachtell said the moves would add about $158 million to the balance sheet.
The U.S. Food and Drug Administration (FDA) wants cannabidiol (CBD) users to know that the popular additive found in everything from bath salts to beverages could be harmful. On Monday, the agency sent warning letters to 15 companies that it said were illegally selling products containing CBD
Keef Brands, a Colorado cannabis company best known for its THC-infused sodas, has embraced the power of partnerships as it looks to grow the market for drinkables. The company has inked a handful of deals and expanded its reach into multiple markets across the country.
In this week’s edition of The Buzz: Michigan’s Marijuana Regulatory Agency issued the state’s first recreational licenses, Michigan and Washington banned vitamin E acetate, and New York’s Acreage Holdings announced plans to acquire New Jersey’s Compassionate Care Foundation.
In a historic moment, the U.S. House Judiciary Committee on Wednesday approved a bill by a vote of 24-10 that would decriminalize marijuana at the federal level and create a 5% tax on all cannabis products.
After learning that BrewDog-branded CBD beverages would be too disruptive to the brewery’s core mission, former craft beer executive Tanisha Robinson decided to strike out on her own and launch W*nder (pronounced “wonder”), a sparkling CBD-infused water brand based in Columbus, Ohio.
In a drastic attempt to lower costs and boost profitability, embattled multi-state marijuana company MedMen will lay off 190 employees and sell its stake in a cannabis real estate investment trust (REIT), among other right-sizing maneuvers.
In early August, some of the first cases of vaping-related lung injuries, known as EVALI, began to surface. Fast forward three months, and more than 2,000 EVALI cases have since been documented by the Centers for Disease Control and Prevention, which is pointing to vitamin E acetate as a leading culprit. So where does the cannabis industry go from here?
In this week’s edition of The Buzz: Vitamin E acetate is identified as the likely culprit in the vaping crisis, California regulators suspend nearly 400 licenses, Canopy Growth Corporation teams up with Canadian rapper Drake, and Bruce Linton lands at Vireo Health International.
The restaurateurs behind Frankies Spuntino Group and the Oro di Sicilia olive oil line recently teamed up with Canadian cannabis entrepreneur and financier Paul Rosen to launch Pantry, a cannabis-infused food company that makes low-dose edibles.