TerrAscend Completes Acquisition Of Ilera Healthcare

TerrAscend

Expands licensed cannabis footprint to four U.S. states, in addition to global reach into Canada and Europe CANADA: TerrAscend, the first and only global cannabis company licensed for sales in Canada, the US, and the EU, announced it has closed on its previously announced acquisition of Pennsylvania-based Ilera Healthcare, one of five permitted vertically-integrated cannabis Read the full article…

Ohio Board Of Pharmacy Awards Dispensary Certificates Of Operation in Cincinnati, Maumee & Carroll

MJLegal

OHIO:  The State of Ohio Board of Pharmacy today awarded Dispensary Certificates of Operation to the following entities: Verilife, located at 5431 Ridge Ave., Cincinnati; Bloom Medicinals, LLC, located at 1238 Conant St., Maumee; and Ohio Provisions, located at 3560 Dolson Ct., Carroll. The interactive map of Dispensaries with Certificates of Operation will be updated within the next Read the full article…

Colorado’s MedPharm Clears Significant DEA Hurdle For Federal Cannabis Research License

MedPharm researcher

COLORADO: MedPharm Research, the leader in cannabis research and formulation development, was notified by the Drug Enforcement Administration (DEA) that it had been selected to move forward as one of the first applicants to be granted a license to grow federally legal cannabis under the terms of a new policy statement issued today in the Federal Read the full article…

WSLCB Issues Marijuana Packaging & Labeling: Rules And Process Update

MJLegal

Washington State Liquor and Cannabis Board sent this bulletin at 08/26/2019 09:45 AM PDT Dear Stakeholders: As you may know, we have been working on revisions to marijuana packaging and labeling rules. We filed a CR-101 on May 29, 2019, to consider two rule making petitions, further discuss the addition of board interim polices 05-2018, Read the full article…

OLCC Commission Acts On Marijuana Producer Application Deadlines

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Temporary Rules Follow Passage of SB 218 Commission Also Approves Marijuana Licensee Stipulated Settlements OREGON: At its monthly meeting on August 15, 2019 the Commissioners of the Oregon Liquor Control Commission approved temporary rules setting timelines for processing marijuana producer applications, and also approved nine marijuana violation stipulated settlement agreements. Senate Bill 218 directs OLCC to set timelines Read the full article…

Cresco Labs Announces Increased Profitability In Q2 2019 With Revenue Growth Of 253% Year-Over-Year and 42% Quarter-Over-Quarter

Cresco Labs Orange Bottle

ILLINOIS: Cresco Labs, one of the largest vertically integrated multi-state cannabis operators in the United States, today released its unaudited financial results for the second quarter ended June 30, 2019. All financial information presented in this release is in U.S. dollars, unless otherwise noted. Second Quarter 2019 Highlights and Subsequent Events Revenue Second quarter revenue of $29.9 Read the full article…

Leafly Hires Kirk Beardsley As Chief Operating Officer

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WASHINGTON: Leafly, the world’s leading destination to help people discover, find and buy cannabis, today announced the hiring of Kirk Beardsley, an accomplished Fortune 500 retail executive, to the role of Chief Operating Officer. As COO, Beardsley will lead sales, marketing, and business innovation for Leafly. “Kirk’s track record of helping some of the world’s leading Read the full article…

Cannapreneur Partners Appoints Former American Express Senior Manager Doug Lennick To Executive Board

Doug Lennick

MASSACHUSETTS: Cannapreneur Partners, the Westborough, Mass-based holding company finding the cannabis world’s 1% outlier entrepreneurs and industry investment opportunities currently in the middle of a $150 million fundraise round open to investors, has announced the appointment of Doug Lennick to their Executive Board of Directors.  Lennick is world-renowned for innovative approaches to developing high performance in Read the full article…

Tilray Reports Second Quarter 2019 Financial Results

tilray

  CANADA: Tilray, a global pioneer in cannabis research, cultivation, production and distribution, today reported financial results for the second quarter ended June 30, 2019. All financial information in this press release is reported in U.S. dollars, unless otherwise indicated. “We are pleased with our second quarter results and strong business momentum,” said Brendan Kennedy, Read the full article…

What Licensed Cannabis Businesses Must Know About Insurance

Eric Weisbrot - Marketing Manager

By Eric Weisbrot The cannabis business landscape has come into the limelight over the last several years, with some states making historic moves to legalize its production, distribution, and consumption. However, many eager cannabis entrepreneurs and prospective business owners still face an uphill battle. The federal stance on cannabis makes any activities surrounding the drug illegal, Read the full article…