Ohio Medical Cannabis Business & Marijuana Legal News

Multistate marijuana firm Curaleaf to expand into Ohio with $20 million acquisition

Massachusetts-based Curaleaf, which last week agreed to acquire Cura Partners for almost $1 billion, will expand into Ohio with the purchase of Ohio Grown Therapies. The $20 million deal, expected to close in the second half of 2019, includes the acquisition of Johnstown-based Ohio Grown Therapies’ cultivation and processing facilities and licenses. For more details, click […]

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Green Growth offer for Aphria cannabis group expires

Ohio-based marijuana group Green Growth Industries’ offer for Canadian producer Aphria has expired, ending the hostile takeover bid. Aphria, which trades as APHA on both the New York Stock Exchange and the Toronto Stock Exchange, consistently rejected Green Growth’s offer. For more details on the offer’s expiration, click here.

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PharmaCann gets extension on Ohio cannabis grow facility key to MedMen deal

PharmaCann, which is due to merge with MedMen via a $682 million stock deal, received a state extension until October to complete the development of a cultivation facility in Buckeye Lake, Ohio. The $20 million cultivation center must be operational before California-based MedMen can complete the acquisition of PharmaCann, according to Columbus Business First. That’s because […]

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Ohio medical cannabis participation rate remains low

Ohio’s licensed medical marijuana dispensaries have had to face the reality that only 28% of Ohioans who signed up for the state’s medical marijuana registry in the first three months made a purchase during that time. The Enquirer of Cincinnati cited a number of factors as culprits – including high prices, high licensing fees, the […]

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Ohio grants cannabis firm permission to produce concentrates, edibles, topicals

Ohio awarded the state’s first certificate of operation to a medical marijuana processor, which will allow for manufacturing of cannabis edibles, tinctures, topicals and other products. This could prove a boon to sales for Ohio’s medical marijuana firms because only plant material – flower – has been available for purchase since the state’s first dispensaries […]

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Vertically integrated cannabis firm Ascend Wellness raises $55 million for expansion

Boston-based Ascend Wellness Holdings (AWH), a multistate vertically integrated marijuana operator, secured $55 million in funding to aid expansion plans in its home state of Massachusetts and other markets. The additional money will allow the company to grow its footprint into Ohio, where Ascend has an agreement to purchase a cultivation license and is in “advanced […]

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Canadian marijuana firm Aphria to improve corporate practices after investigation

Ontario-based cannabis operator Aphria pledged to improve its management practices after an independent investigation found some of its directors had conflicts of interest related to the 2018 acquisition of  LATAM Holdings. While the purchase price of the assets in Argentina, Jamaica and Colombia was deemed to be reasonable – albeit at the top of the […]

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Ohio medical marijuana sales top $330,000 in first weeks

Medical cannabis patients in Ohio have spent more than $333,000 on 46 pounds of cannabis since sales kicked off at four dispensaries Jan. 16, the Dayton Daily News reported. The sales figures were provided by the state’s Medical Marijuana Control Program, which reported $75,000 in medical marijuana sales the first day alone. Compared to other […]

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