By Elise Young on BLOOMBERG While some of the biggest US marijuana companies were preparing to join New Jersey’s newly legal recreational market, several were running afoul of state security and safety rules for their medical-weed operations, documents obtained by Bloomberg show. A cultivation site had 50 jars of marijuana go missing. One medical dispensary had moldy weed on … [Read more...] about Moldy Weed, Mystery Buyers: N.J. Pot Sellers Ran Afoul of State Rules
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Cannabis is legal in Maine and now there’s a museum about it
By Laurie Schreiber I Mainebiz This new cannabis museum in Portland aims to build an immersive exhibition that will focus on how prohibition of cannabis has affected the plant’s cultivation. The nonprofit museum, called Core, is related to Portland’s newest adult-use cannabis dispensary, Seed. “We want the mission of the museum to reflect the internal make-up of the dispensary … [Read more...] about Cannabis is legal in Maine and now there’s a museum about it
New London gets second retail cannabis applicant
By Greg Smith on https://www.theday.com New London ― Curaleaf, a national company that operates four medical marijuana dispensaries in Connecticut, including one in Groton, is seeking approval from the city to open a retail cannabis shop in downtown New London. But Curaleaf’s and its partner’s application for 595 Bank St., the vacant former home of Fall River Pawn … [Read more...] about New London gets second retail cannabis applicant
Curaleaf agrees to Oregon suspension, fine after marijuana production fiasco mixed up THC and CBD
News Provided by Mike Rogoway | The Oregonian/OregonLive Curaleaf says an employee at a Portland facility mixed up two lines of products. CBD drops, at left, were not supposed to contain THC, but bottles sold contained high levels of the psychoactive ingredient associated with marijuana. A THC product, at right, was sold without sufficient doses of THC. Both have been … [Read more...] about Curaleaf agrees to Oregon suspension, fine after marijuana production fiasco mixed up THC and CBD
Curaleaf takes 55% stake in German cannabis company for 19.7 million euros
By MJBizDaily Staff on https://mjbizdaily.comU.S. marijuana multistate operator Curaleaf Holdings signed a deal to acquire a 55% stake in German medical cannabis producer and distributor Four 20 Pharma. Curaleaf’s strategic partnership with Four 20 allows it “to acquire complete control of Four 20 Pharma within two years of the commencement of adult use in Germany,” according … [Read more...] about Curaleaf takes 55% stake in German cannabis company for 19.7 million euros
What do we really know about the Russian roots of America’s biggest cannabis company?
By Chris Roberts on www.theguardian.com Curaleaf could be worth $75bn by 2030. But its US-born chair, Boris Jordan, faces questions over his two decades in Russia New Jersey is far from Moscow. But when cannabis sales began in the Garden state on 21 April, one of the lucky seven companies to ring up the first purchases was managing rumors that it was about to be sanctioned … [Read more...] about What do we really know about the Russian roots of America’s biggest cannabis company?
Why U.S. Marijuana Stocks Like Curaleaf and Green Thumb Tanked Yesterday.
Downbeat sentiment on stocks in general, and unhappy news concerning the pot industry specifically, make for a bummer of a Monday. What happened? Stocks seen to be more speculative and risky investments had a tough time of it in Monday's market swoon. Exhibit A: U.S. marijuana companies, who took it on the chin not only from a flight to perceived quality, but also due to a … [Read more...] about Why U.S. Marijuana Stocks Like Curaleaf and Green Thumb Tanked Yesterday.
Why can’t they get the labels right? Lawsuit seeks $200 payout for everyone who bought marijuana drops mislabeled as CBD
A federal lawsuit filed Monday seeks class-action status and $200 apiece for hundreds of consumers who bought CBD wellness drops in Oregon last year that inadvertently contained high doses of a psychoactive ingredient. CBD is made from hemp and usually doesn’t include THC, the substance in marijuana that produces a high. Last year, though, marijuana manufacturer Curaleaf … [Read more...] about Why can’t they get the labels right? Lawsuit seeks $200 payout for everyone who bought marijuana drops mislabeled as CBD
Sell it! Sell it! Come on come on. Curaleaf chairman accused of squeezing troubled Portland marijuana firm ahead of its sale.
The 2020 sale of a troubled Portland marijuana company was beset by disputes over the price, which fell by roughly $600 million amid fighting among investors and the buyer, according to new litigation. Oregon entrepreneur Nitin Khanna, accused of securities fraud earlier this year by some of his former business partners, filed a $516 million counterclaim this week alleging he … [Read more...] about Sell it! Sell it! Come on come on. Curaleaf chairman accused of squeezing troubled Portland marijuana firm ahead of its sale.
A Union in Cannabis
If there was ever an industry that needed a union, it’s the Connecticut cannabis industry. Too many times employers in this industry have used 280e as an excuse to cut costs and staff unnecessarily. Employers often expect employees to work towards their business dream while leaving them working for minimum wage or slightly above minimum wage, without benefits. But there’s an … [Read more...] about A Union in Cannabis
