Earlier this month, Meg Sanders, CEO of Massachusetts-based Canna Provisions, wrote an article urging licensed cannabis business operators to rethink their strategies for the tough road ahead. With an imbalance between supply and demand—and an influx of licensees yet to open their doors—the cannabis market, from Massachusetts to California... Read more
The largest acquisition deal currently unfolding between a pair of plant-touching companies in the cannabis space will now be closing later rather than sooner. Chicago-based Cresco Labs Inc. and New York-based Columbia Care Inc. announced Feb. 27 a mutual agreement to postpone their outside date to complete Cresco’s roughly... Read more
Virginia lawmakers couldn’t agree on legislation to launch commercial adult-use cannabis sales this year, but instead approved a bill last week that would more tightly regulate hemp-derived THC products in the state. Both chambers of the Virginia General Assembly voted Feb. 24 to send House Bill 2294 to Gov. Glenn... Read more
Cannabis Business Times regularly interviews cannabis cultivators to learn more about how they manage their growing operations, including top tips for success, tools and technologies they couldn’t live without, and how they deal with perennial challenges like burnout. In this installment, Kyle Vigeant, vice president of cultivation for Garden Remedies in... Read more
Despite steady growth in patient count in Pennsylvania’s medical cannabis program, executives from vertically integrated operators Ethos Cannabis and Jushi Holdings say that price compression and competition from a still-thriving illicit market continue to put pressure on the state’s regulated industry, which launched in early 2018. There were 842,021 patients and... Read more
A bill to legalize medical cannabis in North Carolina will head to the Senate floor next week. The measure mimics a bill that cleared the Senate last year but was killed in the Republican-controlled House. The Senate Rules Committee cleared the measure, the North Carolina Compassionate Care Act (Senate... Read more
Members of the New Hampshire House are once again trying to legalize adult-use cannabis in the state, with lawmakers giving their initial approval this week to legislation that would allow the Liquor Commission to oversee the market. The House voted 234-127 on Feb. 22 to advance House Bill 639 to... Read more
Tahir Johnson, a third-generation native of Ewing Township, N.J., received a blunt warning from his mother during his coming-of-age years in the late 1990s on the north side of Trenton. “Be careful driving while Black,” his mom, Carolyn Watson Johnson, used to tell him and his brothers. Tahir Johnson... Read more
SMITHS FALLS, Ontario, Feb. 21, 2022 – PRESS RELEASE – Canopy Growth Corporation announced it has entered into an agreement with an institutional investor for the purchase and sale of up to US$150 million aggregate principal amount of senior unsecured convertible debentures. Pursuant to the terms of the agreement,... Read more
In 1997, Kyle Paige, now a cultivation technician at Ascend Wellness Holdings (AWH) in New Jersey, was incarcerated for cannabis possession. Paige served 2 1/2 years in prison. Shortly after he was released, he moved to Kansas City, Mo., where he was offered an opportunity to trim cannabis for... Read more
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