Cultivation

New York regulators approved an additional 36 cannabis cultivation licenses this week, bringing the total to 88 licenses in the state.

A recent study found that California could double its cannabis-derived tax revenues by removing the state’s cultivation tax, which would attract more customers by aligning industry prices closer to that of the traditional market.

Maridose LLC, based in Florida, is close to obtaining DEA approval to cultivate cannabis for research purposes in Maine.

California cannabis growers are being excluded from Gov. Gavin Newsom’s fallowing policy, a practice that grants funds to farmers for leaving their fields empty amid historic drought conditions.

New York City Mayor Eric Adams (D) is exploring the possibility of allowing cannabis cultivation on the rooftops of buildings run by the New York City Housing Authority.

New York officials have awarded conditional cannabis cultivation licenses to more than 50 companies and farmers currently licensed to grow industrial hemp.

Minnesota is considering licensing two additional producers for the state’s medical cannabis program with the aim of increasing competition and driving down prices.

Cypress Hill’s B Real is launching a flower line under his Dr. Greenthumb brand placing an emphasis on multiple price points while honoring the legacy of cannabis.

Aurora Cannabis Inc. has acquired Thrive Cannabis’ parent company TerraFarma Inc. in a deal worth $38 million.

TerrAscend, a Canadian cannabis company, has finished its acquisition of Gage Growth Corp in a $545 million deal.

A California proposal is seeking to suspend the state’s cannabis cultivation tax and increase its retail excise tax to cover the resulting dip in state revenues.

According to the USDA’s National Hemp Report, U.S. farmers planted 54,200 acres of hemp in 2021, valued at $712 million.

New York Gov. Kathy Hochul (D) signed a bill into law creating conditional adult-use licenses for current hemp cultivators in the state.

New York lawmakers passed a bill to let hemp cultivators and processors obtain early conditional licenses for the state’s adult-use cannabis program.

Hoping to avoid product shortages when the state’s adult-use market comes online, New Mexico passed an emergency rule change to double the number of cannabis plants that licensed producers can grow.

Chef Anna is a Michigan-based autoflowering cannabis seed breeder and social media marketing expert who has become known for giving generous cannabis gifts to strangers.

Colorado’s combined medical and adult-use cannabis sales reached $2.19 billion in 2020, marking a new record for the state.

Officials in British Columbia, Canada are helping unlicensed cannabis producers to obtain licenses and participate in the legal marketplace.