Marijuana Cultivation News

Capitalizing on marijuana markets with limited rivals: Q&A with Tilt Holdings interim CEO Mark Scatterday

Cannabis cultivation companies with a foothold in “constrained” markets – those with relatively few licenses such as Massachusetts – have a natural advantage, thanks to limited competition and marijuana supplies. Massachusetts-based Tilt Holdings is one such company. Tilt has multiple businesses that, among other things, offer cannabis-related technology and operate cultivation centers and retail stores […]

Read More

Cresco Labs acquires marijuana company Tryke for $282.5 million

Chicago-based Cresco Labs said it is buying Tryke, a vertically integrated private cannabis company active in Nevada and Arizona, for $282.5 million. Here are the basics around the announcement: The $282.5 million price tag is made up of $55 million in cash and the balance in stock. Tryke posted revenue of $70.4 million in fiscal […]

Read More

Washington state cannabis trade group proposes capital equity fund

A cannabis industry trade group in Washington state on Monday proposed legislation?to fund a social equity program that would help remove barriers to capital for minority business owners and would eliminate a residency requirement for potential investors in the market. The Washington CannaBusiness Association (WACA) put forward the Cannabis Capital Equity Act, which would?be supported […]

Read More

Marijuana racketeering suit in Oregon allowed to proceed

A federal judge in Oregon ruled that a vineyard?suffered “plausibly alleged harm” from a neighboring cannabis operation and may proceed with a racketeering lawsuit. The Capital Press in Salem?reported that U.S. Senior District Judge Anna Brown denied the marijuana-growing neighbor’s motion to dismiss the complaint. The judge found that Momtazi Vineyard has legal standing under […]

Read More

TruTrace Technologies, Deloitte ink cannabis tracking deal

Toronto-based TruTrace Technologies, which registers and tracks intellectual property in the marijuana industry, has formed an alliance with consulting giant Deloitte to ensure product safety and efficiency. TruTrace will use its StrainSecure system through the collection of plant-testing data. Subsequent information will be stored in a database designed to ensure intellectual-property protection and strain validation. […]

Read More

California county shutters record illegal grow with 63,000 marijuana plants

Authorities in the famed wine country of Sonoma County, California, shut down?the largest illegal marijuana grow operation in the county’s history, seizing roughly 63,000 unlicensed cannabis plants. County inspectors with the Permit and Resource Management Department on Aug. 28 came across five properties in south Santa Rosa that held a total of 63,241 illegal MJ […]

Read More

Washington state regulators consider revamping marijuana rules

Washington cannabis regulators are proposing a wide-ranging overhaul of the state’s industry rules, which, if approved, could have a big impact on the way MJ business is conducted there. Proposals include: Boosting minority ownership of cannabis businesses. Paving the way for home deliveries of medical cannabis. Allowing the smallest growers to increase the size of […]

Read More