Marijuana Cultivation News

Washington state cannabis retailers’ pesticide tests proving disruptive for processors

The practice of self-testing products for pesticides and other toxins by some Washington state marijuana retailers appears to be disrupting the market for cannabis producers and processors, particularly those working in the extraction space. Growers and manufacturers who have been exposed for selling unclean products have seen their revenues take a hit and scrambled to […]

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Marijuana firm Cresco Labs posts Q4 revenue spike, 2018 profit

Chicago-based Cresco Labs’ revenue more than quadrupled during its fourth quarter, helping pave the company’s path to profitability in 2018. The multistate, vertically integrated company posted fourth-quarter revenue of $17 million – up 411% from the same period in 2017. Cresco said the increase was “driven by expansion into new markets and gains in market […]

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Cannabis firm Harvest Health posts spike in Q4, full-year revenue

Arizona-based Harvest Health & Recreation’s revenue more than doubled during its fourth quarter and fiscal 2018 as the multistate marijuana company continued to expand its retail and wholesale footprint and predicted further expansion this year through acquisitions. Despite the sales gains, the company recorded a net loss for the quarter of $71.1 million – which […]

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MJardin to add marijuana extraction in Nevada with acquisition

Denver-based MJardin Group agreed to buy Carson City Agency Solutions, which does business as Cannabella, an operator of a cannabis extraction facility and producer of edibles and topicals in Carson City, Nevada. Terms of the deal were not released. With the acquisition, MJardin will add extraction capabilities to its existing cultivation operations in Nevada. To […]

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Oregon cannabis regulators consider stiffening noncompliance penalties

Oregon is calling out licensed recreational marijuana operators who fail to follow the law. The Oregon Liquor Control Commission (OLCC), which regulates the state’s legal cannabis industry, noted at its monthly meeting that there “remains significant noncompliance by marijuana licensees failing to abide by the state’s laws and rules.” According to a news release, the […]

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Florida adds eight more medical marijuana business licensees

Florida’s medical cannabis marketplace is set to see a significant boost in the number of businesses that can operate in the state as regulators approved licenses for eight more firms in addition to the 14 existing MMJ operators. The state will grant the additional licenses to companies that failed to gain approval during the first […]

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Aphria, Wayland face challenge over German marijuana cultivation contracts

Germany’s efforts to get domestic medical cannabis cultivation up and running took another step forward Wednesday, as the German Federal Institute for Drugs and Medical Devices (BfArM) confirmed the winners of nine of the 13 available lots for the first round. Four of the lots – granted to Aphria and Demecan in the preliminary results – were […]

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