Introducing Ayahuasca: A Complete Breakout for Psychedelics Experience
Ayahuasca’s popularity is experiencing incredible growth, creating a whole new tourism market in many communities. Ayahuasca is an ancient hallucinogenic plant from South America that’s been used for sacred indigenous ceremonies for thousands of years. In modern practice, people drink the plant’s brew in group settings and then discuss the experience in an integration session […]
Genetic Testing Approaches Michigan
Can genetic testing yield the finest marijuana on the planet? Chemists at a Warren lab are betting on it. This story was reprinted with permission from Crain’s Detroit and written by Dustin Walsh. Today’s legal marijuana industry is about science and specificity—plant species, cannabinoids, concentration, genetic strains, terpenes —all things an average user would have never […]
How Much Does An Arm And A Leg Pull?” It Might Cost You A Whopping $1 Million In Florida, Insiders Say
Florida’s governor calls for charging significantly higher licensing fees for cannabis operators in the state. During a recent press conference, Florida Gov. Ron DeSantis mulled pushing for a steep hike in business license fees in the next round of applications from those vying to enter one of the fastest-growing cannabis markets in the country. “These […]
Minority-Owned Illinois Business Advances $17M, Warns Industry Could Downfall
1937 Group’s successful capital raise last week comes amid challenges for Illinois’ social equity program in cannabis. Within a week, a vertically integrated and minority-owned company in Illinois has both raised $17 million in funding and warned others the state cannabis industry is “on the verge of collapse.” The 1937 Group, which bills itself as one of […]
Verano Nears On Sierra Well in Bought Deal For $29 Million
The bought deal adds five active dispensaries and two cultivation and production facilities to Verano’s Nevada footprint. Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) closed its previously announced $29-million-dollar deal to buy WSCC, which operates as Sierra Well. The bought deal, initially announced in July 2021, adds five active dispensaries and two cultivation and production facilities to […]
Juul Labs Agrees To Pay More Than $430 Million to Settle Vaping Probe
Juul Labs agreed in principle to pay $438.5 million to nearly three dozen states to resolve a two-year bipartisan probe. Juul Labs agreed to pay $438.5 million to nearly three dozen states to resolve a two-year probe into the e-cigarette manufacturer’s marketing and sales practices. The charges stemmed from claims that the company misrepresented the health […]
Innovative Industrial Properties, Curaleaf Reinforce Partnership in the Northeast
The real estate investment trust acquired a grow facility in Massachusetts for $21.5 million to lease to Curaleaf. Cannabis REIT Innovative Industrial Properties (NYSE: IIPR) acquired a grow facility for $21.5 million to lease to Curaleaf (OTCQX: CURLF) to fortify their partnership toward the Northeast. The Webster, Massachusetts, property contains 104,000 square feet of industrial space and is fully […]
Mydecine Vends Mindleap for C$4 Million
On Thursday, Mydecine Innovations Group Inc. (NEO: MYCO) (OTC: MYCOF) announced that it had signed an LOI to sell its digital technology subsidiary, Mindleap Health Inc., to PanGenomic Health Inc. The deal is valued at C$4 million. “We are extremely pleased with what we have accomplished with Mindleap Health,” said Josh Bartch, CEO and Chairman of Mydecine. “We […]
Steep Hill Near Canadian Marijuana Testing Lab
The laboratory testing company is exiting the challenging Canadian market and is focusing on U.S. operations. California-based Steep Hill (CSE: STPH) announced on Friday that one of its affiliate companies in Canada will close, effective Sept. 1, due to increased costs and declining profits. According to a news release, the Ontario testing lab—founded as Molecular […]