Marijuana Cultivation News


MJBizDaily releases report on how marijuana firms can handle crisis times

Marijuana Business Daily published a free online report to provide cannabis companies with actionable information they can use to navigate a crisis such as the current coronavirus pandemic. The 28-page report, “Crisis Management in Cannabis,” offers dozens of prevention and management tips that marijuana businesses are using during the coronavirus pandemic. The report – written and […]

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Colorado eases hiring process for cannabis firms eyeing casino workers

In a positive business development for Colorado’s marijuana industry, state regulators are allowing cannabis companies to hire casino workers during the coronavirus crisis without having to obtain any additional credentials. The Colorado Marijuana Enforcement Division established the emergency rule easing hiring requirements for the state’s marijuana businesses because casino employees and cannabis workers undergo similar background checks, MED […]

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Big cannabis companies scale back amid coronavirus, raising questions about industry’s overall health

The COVID-19 outbreak is causing serious jitters among large cannabis companies, with a growing list of multistate marijuana operators scaling back by laying off workers and shuttering operations in a bid to slash costs. The widespread cutbacks this week by Acreage Holdings, MedMen Enterprises and 4Front Ventures also call into question the overall health of the marijuana industry […]

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Cannabis REIT inks $49 million sale-leaseback deal with Ascend

Innovative Industrial Properties, a real estate investment trust that specializes in the marijuana industry, bought a cannabis cultivation and processing facility in Massachusetts from Ascend Wellness Holdings (AWH) in a $49 million sale-leaseback deal. San Diego-based IIP paid $26.8 million to Boston-based AWH – a vertically integrated, multistate marijuana operator – for a 199,000-square-foot facility […]

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Marijuana giant Acreage cuts 120 jobs, ends deals in light of COVID-19

New York-based Acreage Holdings on Friday announced it is furloughing 122 employees and taking other cost-cutting measures, becoming the latest multistate marijuana operator to slash costs in response to the coronavirus pandemic. As part of its efforts, Acreage also disclosed in a news release the resignation of a top executive and announced it is: Scrapping […]

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Massachusetts medical marijuana workers sick with coronavirus

In what could be a warning to medical cannabis business owners throughout Massachusetts, state regulators are looking into complaints that a large MMJ company was not following social-distancing guidelines and other measures to lessen the spread of the coronavirus after two employees were diagnosed with COVID-19. One person who tested positive worked at a large […]

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Cannabis giant 4Front cuts workforce, appoints new CEO

Multistate marijuana operator 4Front Ventures on Monday said it has slashed its corporate workforce by almost 40% and cut the number of employees at its recreational and medical cannabis stores by almost 45%. The company did not release the number of employees who lost their jobs. The cuts, which took place over the past four […]

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Illinois extends adult-use cannabis licensing process

The application deadline for a number of Illinois’ recreational cannabis business permits has been extended by a month during the coronavirus crisis. According to the Chicago Sun-Times, Democratic Gov. J.B. Pritzker signed an executive order extending the license application deadline from March 30 to April 30 for: 40 cannabis infusers that manufacture edibles and other products. 40 […]

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Cannabis firm Harvest Health seals $25 million Franklin Labs purchase

Multistate marijuana operator Harvest Health & Recreation announced on Friday it closed on its previously announced $25.5 million purchase of Pennsylvania medical cannabis company Franklin Labs. The closing comes a day after Harvest revealed that it would no longer buy Chicago-based Verano Holdings, which was for a time was one of the biggest merger and acquisitions announced […]

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