Australia’s Creso Pharma cleared to sell CBD pet product line in Uruguay

Authorities in Uruguay have given Australia-based pharmaceutical company Creso Pharma the green light to market its line of CBD animal products in the South American country. Creso Pharma, which offers a range of cannabis-derived wellness and lifestyle products for humans and animals, said Monday it received regulatory approval from Uruguay’s Ministry of Agriculture and Animal […]

Marijuana banking excluded from $900 billion coronavirus relief package

A similar version of this story appears on Marijuana Business Daily. Marijuana banking laws will have to wait. A hoped-for change to make it easier for high-THC cannabis operators to access banking services isn’t included in the 5,593-page, $900 billion coronavirus relief bill awaiting the president’s signature, even though it was part of the initial […]

Editor’s Notebook: Hemp’s climate-change opportunity

(This column appears in the November- December issue of Marijuana Business Magazine.) Everyone knows the planet’s changing temperatures are creating dramatic swings in weather that threaten our very survival. But global warming could also be the kind of problem that provides hemp companies with opportunities that former generations couldn’t imagine. Corporate America has finally accepted […]

Red White & Bloom borrows $60m to buy Illinois marijuana grow facility

Toronto-based multistate marijuana company Red White & Bloom Brands secured a $60 million loan, then signed a definitive agreement to acquire an Illinois medical and recreational cultivation facility for $32.5 million. According to a news release, Red White & Bloom (RWB)’s purchase of Ontario special purpose vehicle Cannabis Capital Partners includes: The rights to a 23,572-foot cultivation […]

Michigan growing-rack producer acquires ventilation company for optimum air flow in vertical cultivation

Pipp Horticulture, a Michigan-based producer of multi-level mobile cultivation systems for the indoor farming and horticulture industries, announced Friday that has purchased Vertical Air Systems. Headquartered in Santa Cruz, California, VAS manufactures air circulation systems and related products for the global indoor vertical farming industry. Terms of the acquisition were not disclosed. “In 2017, when […]

Acreage Hempco parent company names Pfizer alum new CEO

A multistate marijuana company with properties including Acreage Hempco — Acreage Holdings Inc. — has appointed Peter Caldini as chief executive officer. Caldini has experience in both healthcare and consumer packaged goods, having served as president of pharmaceutical giant Pfizer’s divisions in North America and Europe, the Middle East and Africa, as well as working […]

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