Marijuana Cultivation News


How US cannabis growers are keeping a tight lid on costs as recession looms

As the coronavirus pandemic plunges the U.S. economy into a sharp downturn, cannabis cultivators are managing finances by rethinking capital improvements and finding any area possible to lower costs. Although demand remains strong for marijuana in many state markets, prudent cannabis cultivation executives are planning for the worst and tightening their belts. Some have become more self-reliant […]

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Cannabis chain Strawberry Fields says no to being acquired in $31 million deal

Colorado Springs, Colorado-based Strawberry Fields terminated a $31 million agreement in which Denver-based Schwazze would have acquired the marijuana retail chain. Strawberry Fields filed paperwork with the U.S. Securities and Exchange Commission to terminate the arrangement, according to Denver alt-weekly Westword. Schwazze, a vertically integrated marijuana company, and Strawberry Fields agreed to the stock and cash deal in […]

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COVID-19 delays mandatory pesticide testing for Washington state recreational cannabis

The coronavirus pandemic has scuttled government efforts in Washington state to require pesticide testing for recreational marijuana, dealing a setback to an idea that has been kicked around for several years by local industry officials and regulators. The pandemic has made it impossible for state lawmakers to conduct public hearings, so the issue has again […]

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Week in Review: High Times switches CEOs again, Florida court mulls cannabis revamp, solid sales in IL, OK & more

Los Angeles-based High Times Holding Corp. replaced CEO Stormy Simon after only four months on the job, marking the third time in a little more than a year the cannabis magazine publisher has hired a chief executive. Simon is being replaced by Peter Horvath, who most recently ran Ohio-based cannabis retailer Green Growth Brands. He also has […]

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How 4/20 played out for marijuana businesses around the US

Cannabis companies across the United States reported a mixed bag for sales this year leading up to the industry’s most celebrated day: 4/20. While the surge of consumer stockpiling based on concerns about the coronavirus pandemic boosted some companies’ bottom lines, others were hurt by restrictive stay-at-home orders that prevented in-person sales. Marijuana Business Daily […]

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Michigan wholesale medical marijuana prices fall on flood of caregiver product

Wholesale prices for medical cannabis plummeted in Michigan after a change in regulations that prevents caregivers from selling into the recreational market caused them to offload large amounts of flower. Several cannabis industry experts say that, before the change in the law, wholesale pounds of medical marijuana flower were selling for around $4,000 a pound. […]

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Local rules trump Michigan’s medical cannabis law, state high court says

Michigan’s medical marijuana law does not overrule certain zoning powers of local governments, the state Supreme Court ruled Monday. An ordinance in Byron Township, south of Grand Rapids, bars registered caregivers from growing marijuana at a commercial property. The state appeals court ruled that the ordinance conflicted with Michigan’s medical marijuana law, which allows cultivation […]

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Chart: US wholesale cannabis prices end 2019 firm, then fluctuate in first four months of 2020

Wholesale cannabis prices ended 2019 on a strong note across the United States – good news for growers after a brutal 2018 – but the first four months of 2020 have provided far less certainty for cultivators. According to the U.S. Spot Index from Cannabis Benchmarks, prices peaked in mid-February. Since then, the volume-weighted average […]

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Week in Review: Federal cannabis aid, California social equity, Brazil medical marijuana & more

Marijuana lobbyists and a group of lawmakers are continuing their fight to include cannabis-related businesses in coronavirus relief packages. MJBizDaily takeaway: The marijuana industry is a significant contributor to state economies across the country. But because the plant is illegal federally, it remains an uphill fight to allow the businesses to be eligible for federal coronavirus […]

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