Connecticut

Curaleaf signs distribution deal with CVS for hemp products

Curaleaf signs distribution deal with CVS for hemp products (For an analysis of this deal from an investment standpoint, sign up for our new premium subscription service Investor Intelligence.) Massachusetts-based Curaleaf has inked a deal with the CVS pharmacy chain to begin selling hemp products at 800 stores in 10 states. The distribution deal was announced during Curaleaf’s […]

Marijuana company Curaleaf to buy Nevada’s Acres Cannabis for $70M

Marijuana company Curaleaf to buy Nevada’s Acres Cannabis for $70M Massachusetts-based Curaleaf, a vertically integrated cannabis operator, agreed to buy Acres Cannabis for $70 million in a cash and stock deal. Acres Cannabis currently operates 269,000 square feet of cultivation facilities in Nevada with plans to expand that to more than 400,000 square feet. The […]

MA blames cannabis retailer, not traceability system, for product shortage

MA blames cannabis retailer, not traceability system, for product shortage Massachusetts’ marijuana czar disputes a claim by a Salem cannabis retailer this week that flaws in the state’s traceability system caused the store to run out of flower. Steven Hoffman, chair of the state’s Cannabis Control Commission, said the problem stemmed from an error made by Alternative […]

MA marijuana firm TILT Holdings launches ‘inclusion program’ for drug war victims

MA marijuana firm TILT Holdings launches ‘inclusion program’ for drug war victims A Massachusetts company specializing in cannabis technology, cultivation and support solutions unveiled a program aimed at bolstering entrepreneurs who were previously impacted by marijuana prohibition but now want to get into the plant-touching side of the MJ industry. TILT Holdings, based in Cambridge, […]

Law firm analysis: 79% of MA marijuana business contracts with municipalities illegal

Law firm analysis: 79% of MA marijuana business contracts with municipalities illegal In review performed by the Boston law firm Gersten Saltman, nearly four out of five of the so-called “host community agreements” between local governments and cannabis firms in Massachusetts are illegal, The Boston Globe reported. The cannabis-centric law firm’s analysis of 77 of […]

MA marijuana regulators seek to end towns’ excessive demands on MJ firms

MA marijuana regulators seek to end towns’ excessive demands on MJ firms The Massachusetts Cannabis Control Commission is asking the state Legislature for more authority to halt excessive financial agreements between marijuana businesses and the municipalities in which they operate. Marijuana firms in the state pay up to 3% of their annual revenue to the […]

Marijuana company TILT Holdings inks $210 million deal to buy vape tech firm

Marijuana company TILT Holdings inks $210 million deal to buy vape tech firm TILT Holdings, a Massachusetts company specializing in cannabis technology, cultivation and support solutions, agreed to acquire Jupiter Research, a Phoenix-based vaporization technology business, for $210 million. TILT CEO Alex Coleman said in a news release the acquisition “is paramount to our goal of […]

MA police find marijuana extract samples outside lab serving most dispensaries

MA police find marijuana extract samples outside lab serving most dispensaries Local police found hundreds of vials with extracted cannabis in a dumpster behind a Massachusetts marijuana testing lab that provides services for almost all the state’s medical cannabis retailers. MCR Labs, headquartered in Framingham about 20 miles west of Boston, was one of the […]

Surterra Wellness enters Massachusetts cannabis market by acquiring NETA

Surterra Wellness enters Massachusetts cannabis market by acquiring NETA Surterra Wellness, a Florida-based medical marijuana firm and producer of CBD products that include oils, vaporizers and topical creams, acquired Massachusetts-based cannabis company New England Treatment Access (NETA). Surterra Wellness enters Massachusetts cannabis market by acquiring NETA is a post from: Marijuana Business Daily: Financial, Legal […]

Massachusetts regulators close medical marijuana dispensary for violations

Massachusetts regulators close medical marijuana dispensary for violations A Massachusetts medical cannabis dispensary is closed until it corrects a dozen violations found by state regulators during surprise inspections Jan. 31 and Feb. 1. Mass Wellspring, in the town of Acton about 25 miles west of Boston, did not return calls from Marijuana Business Daily seeking […]

Massachusetts hits $24M in adult-use marijuana sales as state issues 100th license

Massachusetts hits $24M in adult-use marijuana sales as state issues 100th license Recreational marijuana shops in Massachusetts have racked up nearly $24 million in sales since the initial ones opened two months ago. That’s according to the Cannabis Control Commission (CCC), the state’s marijuana regulatory agency, which also this week issued its 100th recreational marijuana […]

Massachusetts cannabis RICO case settled out of court for ‘substantial’ amount

Massachusetts cannabis RICO case settled out of court for ‘substantial’ amount A Massachusetts racketeering lawsuit against a marijuana shop was dismissed, but the victory for that cannabis business didn’t come without a cost. The parties agreed to a “substantial” but confidential out-of-court settlement, according to recent information published by Masslive.com. A civil racketeering case – […]

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

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 […]

Curaleaf acquires California cannabis group for $30.5 million

Curaleaf acquires California cannabis group for $30.5 million Massachusetts-based Curaleaf, a vertically integrated multistate marijuana company, acquired California’s Eureka Holdings. Eureka Holdings operates a cultivation facility in the Salinas Valley and is developing three dispensaries in the Golden State. The deal is valued at $30.5 million with $10 million paid in cash and the balance […]

MA planning board says no to million-square-foot marijuana grow facility

MA planning board says no to million-square-foot marijuana grow facility The Charlton, Massachusetts, planning board unanimously rejected a cannabis company’s site plan to build a $100 million, 1 million-square-foot marijuana processing and cultivation facility in the town, The Boston Globe reported. It would have been one of the largest marijuana processing/cultivation facilities in the United States. […]

Suspended Massachusetts medical marijuana store allowed to open again

Suspended Massachusetts medical marijuana store allowed to open again A medical cannabis dispensary in Acton, Massachusetts, that was ordered by the state to temporarily close, has been given permission to reopen its doors. Massachusetts marijuana regulators had ordered Mass Wellspring to close on Feb. 7 because of several stated violations. “We have worked diligently to update our […]

Multistate cannabis firm 4Front buys dispensary, grow operations in AZ and MA

Multistate cannabis firm 4Front buys dispensary, grow operations in AZ and MA 4Front Holdings, a U.S. cannabis retail and brand company based in Phoenix, expanded its national footprint with acquisitions in Massachusetts and Arizona. 4Front acquired Healthy Farms, which has two dispensaries and a cultivation facility in Massachusetts, and PHX Interactive, owner of Greens Goddess in […]

Multistate cannabis firm expands into Massachusetts with $30 million-plus deal

Multistate cannabis firm expands into Massachusetts with $30 million-plus deal Chicago-based, multistate marijuana operator Verano Holdings announced it is moving into another state through the acquisition of a Massachusetts marijuana business. Verano said in a news release it has acquired 100% of Four Daughters Compassionate Care of Sharon, subject to review by Massachusetts regulators. Verano […]

Massachusetts medical marijuana provider raises $12.5 million to boost growth

Massachusetts medical marijuana provider raises $12.5 million to boost growth Middlesex Integrative Medicine is joining forces with Full Moon Investments in a $12.5 million deal through which the private fund will take an equity stake in the Boston-based provider of medical cannabis. The transaction provides Middlesex access to more capital to build out its cultivation […]

Washington hemp oversight restored after state allocates $100,000 for regulators

Washington hemp oversight restored after state allocates $100,000 for regulators A $100,000 infusion for Washington agriculture regulators has saved the state’s hemp oversight program – but the lifeline has failed to convince the largest grower to plant another crop. The money came in the final budget agreement at the Washington state legislature, according to Capital […]

WA cannabis regulators OK new deadline for packaging, labeling and design rules

WA cannabis regulators OK new deadline for packaging, labeling and design rules The Washington State Liquor and Cannabis board voted Wednesday to give marijuana retailers, cultivators and concentrates and infused product manufacturers until Jan. 1, 2020, to comply with all packaging, labeling and design rules that regulators approved last year.   The new regulations: Require […]

Compliance costs, lost market share could take toll on cannabis edibles firms under new Washington state rules

Compliance costs, lost market share could take toll on cannabis edibles firms under new Washington state rules A Washington state marijuana trade association is warning regulators that new packaging, labeling and product design rules for cannabis-infused edibles and beverages might decimate edibles manufacturers’ bottom line. According to experts, the cost for some businesses to comply […]

WA tells marijuana edibles makers to end output of gummies, hard candies

WA tells marijuana edibles makers to end output of gummies, hard candies Washington state regulators ordered local edibles makers to cease production of cannabis-infused gummies and hard candies, warning they might appeal to children. The unexpected decision dealt a major blow to the state’s infused-product businesses. Companies were “completely blindsided,” said Oliver Stannard, director of […]

Cannabis data firm Headset to partner with global analytics company Nielsen

Cannabis data firm Headset to partner with global analytics company Nielsen Global measurement and data analytics company Nielsen has formed an alliance with Seattle-based cannabis analytics firm Headset to provide insights about the U.S. marijuana market to consumer packaged goods (CPG) businesses. According to a news release, the two firms are joining forces as New […]

Lack of cannabis tracking data in WA sparks confusion, missed business opportunities

Lack of cannabis tracking data in WA sparks confusion, missed business opportunities A dearth of comprehensive price and sales data and incorrect figures about marijuana commerce have sowed confusion among cannabis businesses in Washington state since regulators rolled out a new traceability system more than a year ago. Cannabis analytics companies that long relied on […]

In reversal, WA state permits production of cannabis gummies, hard candies

In reversal, WA state permits production of cannabis gummies, hard candies Washington state regulators Friday abruptly reversed a recent decision halting the production of certain marijuana edibles and will now allow infused product makers to manufacture state-approved gummies and hard candies, a spokesman for the state’s Liquor and Cannabis Board (LCB) told Marijuana Business Daily. The reversal […]

Washington state cannabis regulators will soon take up mandatory pesticide testing

Washington state cannabis regulators will soon take up mandatory pesticide testing Washington state regulators are discussing changes to the recreational marijuana program, including implementing mandatory pesticide testing in the near future. The prospect of mandatory pesticide testing has been a cause for concern among smaller cultivation operations. They worry that any added operational costs could […]