Brightfield Group Sizes Up the US CBD Market in New Report
Brightfield Group Sizes Up the US CBD Market in New Report

U.S. sales of CBD are expected to grow 14% and reach $4.7 billion in sales in 2020, according to a new report from the Brightfield Group. However, growth in the CBD sector has been stunted by industry headwinds and other coronavirus-induced challenges.

Nevada Regulators Launch Investigation Into 3 Dispensaries For Selling Tainted Cannabis
Nevada Regulators Launch Investigation Into 3 Dispensaries For Selling Tainted Cannabis

The Nevada Cannabis Compliance Board (CCB) has opened an investigation into several dispensaries for allegedly selling tainted marijuana products, the agency announced Tuesday. The CCB said marijuana strain Cherry OG F3 twice failed microbial testing earlier this year. However, three Las Vegas retail shops continued to sell through inventory despite a March directive to halt sales.

Medically Correct Terminates Deal with Denver’s Schwazze
Medically Correct Terminates Deal with Denver’s Schwazze

Denver-based edibles and extracts company Medically Correct has terminated its acquisition agreement with fellow Colorado cannabis firm Schwazze. In a statement, Medically Correct president Bob Eschino said his company notified Schwazze, which is also based in Denver and was formerly known as Medicine Man Technologies Inc., of the decision to rescind an acquisition extension agreement on Monday.

Emjay CEO on Creating a Class-Leading Cannabis Delivery Service
Emjay CEO on Creating a Class-Leading Cannabis Delivery Service

Ask Emjay CEO Chris Vaughn for the keys to success in cannabis delivery, or any e-commerce business, and he’ll tell you that it always boils down three things: You must offer a great selection of products, at competitive prices, and be able to reliably get them in the hands of consumers quickly.

Red White & Bloom Brands to Buy PharmaCo of Michigan
Red White & Bloom Brands to Buy PharmaCo of Michigan

Less than a week after inking a $35 million agreement to purchase California-based cannabis company Platinum Vape, Toronto’s Red White & Bloom Brands (RWB) announced Monday plans to acquire Michigan’s PharmaCo Inc. In a news release, RWB said it had exercised its right to acquire 100% of PharmaCo via the company’s wholly owned MichiCann Medical Inc. subsidiary.

Curaleaf Finalizes Acquisition of Grassroots Cannabis
Curaleaf Finalizes Acquisition of Grassroots Cannabis

Massachusetts-based Curaleaf Holdings, Inc. has closed on its blockbuster acquisition of Chicago’s GR Companies, better known as Grassroots, the company announced Thursday. The deal makes Curaleaf the largest multistate cannabis company in the world. The firm now has a presence in 23 U.S. states and owns over 135 dispensary licenses.

Red White & Bloom Brands to Acquire Platinum Vape for $35 Million
Red White & Bloom Brands to Acquire Platinum Vape for $35 Million

Red White & Bloom Brands (RWB) announced Wednesday the signing of a letter of intent to acquire California-based Platinum Vape, which makes and markets a range of cannabis products including flower and edibles. According to a news release, RWB will pay $35 million for Platinum Vape, whose current revenue run rate exceeds $70 million.

Sensing Urgency, Marijuana Justice Coalition Asks Congress to Back MORE Act
Sensing Urgency, Marijuana Justice Coalition Asks Congress to Back MORE Act

More than a dozen national advocacy organizations have penned a letter to members of Congress asking for their support of the MORE Act, which would remove cannabis from the Controlled Substances Act. Known as the Marijuana Justice Coalition (MJC), the consortium includes several civil rights and criminal justice groups, along with pro-cannabis organizations like NORML and the Drug Policy Alliance.

Oklahoma Medical Marijuana Company Fined for Unlawful Pesticide Use
Oklahoma Medical Marijuana Company Fined for Unlawful Pesticide Use

A medical marijuana processor in Oklahoma has been fined $541,000 by the state’s cannabis regulatory agency and told to halt operations after the company allegedly sold products containing harmful pesticides. According to KWTV, Edmond-based Moon Mix, LLC sold contaminated cannabis offerings that tested positive for several pesticides earlier this year.

Innovative Industrial Properties Strikes Deals with Columbia Care and Curaleaf in New Jersey
Innovative Industrial Properties Strikes Deals with Columbia Care and Curaleaf in New Jersey

Innovative Industrial Properties (IIP), a real estate investment trust (REIT) focusing on the cannabis sector, has inked a pair of deals for a combined 165,000 sq. ft. of property in New Jersey.

New Frontier Data: 86% of Americans Have Heard About CBD
New Frontier Data: 86% of Americans Have Heard About CBD

Consumer interest in products containing cannabidiol (CBD) is growing, according to New Frontier Data, a global cannabis research firm based in Washington D.C. A pair of recent white papers published by New Frontier help to illustrate the opportunity in the burgeoning American CBD market, which could be worth $20 billion by 2024 according to Colorado-based cannabis research agency BDSA.

Rocky Mountain High: Colorado Cannabis Sales Exceed $192 Million in May
Rocky Mountain High: Colorado Cannabis Sales Exceed $192 Million in May

Colorado cannabis retailers sold a record $192 million worth of marijuana in May, according to data from the Department of Revenue’s Marijuana Enforcement Division. By comparison, $143 million worth of cannabis was sold last May, state records show.

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