Columbia Care -- a multi-state operator with licenses in 13 U.S. states, Washington D.C. and Puerto Rico -- has agreed to a sale-leaseback with NewLake Capital that will net the New York-based cannabis company $35 million.
During a panel discussion at the 2019 MJBizCon event in Las Vegas, three cannabis company founders explained the reasons why they’ve opted to emphasize "effects" to the canna-curious customer just beginning to experiment with THC-and CBD-infused products.
THCnet -- a B2B resource that provides cannabis industry professionals with news, information and career opportunities – has officially launched ahead of the world’s largest cannabis business conference, MJBizCon. Founded by entrepreneurs with a passion for cannabis, THCnet.com provides in-depth coverage of the emerging marijuana and hemp industries.
Canopy Growth Corporation today announced that David Klein, the chief financial officer at Constellation Brands, which owns 38% of the Canadian cannabis firm, would take over as its chief executive officer next month.
Federal and state regulators this week clarified rules around banking for hemp-related businesses, paving the way for more financial institutions to back growers and cultivators without filing burdensome paperwork.
Even as major U.S. cannabis companies like MedMen, Pax Labs and others have announced large-scale layoffs impacting hundreds of workers, the U.S. cannabis industry is poised to become a significant jobs creator in the coming years. According to Vangst, a cannabis recruiting agency, the number of available cannabis jobs have increased by 79% over the last year.
In an interview with THCnet, Theory Wellness VP Matt Gamble discusses his experience in the marijuana business, and shares his thoughts on why other CPG professionals should consider a career in cannabis.
A recently formed Washington D.C. trade association founded by a pair of Beltway veterans is hoping to be the voice of hemp industry stakeholders across the U.S. Launched by Chris Thorne and Scott Graves on October 30, the Hemp Federation of America is the brainchild of a small group of hemp farmers, processors and other farm services providers.
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.