This struggling oil and gas company will soon sell you CBD-infused personal care products

Shareholders of a penny stock Minneapolis oil and gas company are now shareholders of a penny stock CBD cosmetics business. A Minnesota oil and gas firm, which in a former life was a producer of snow skates in Colorado, will once again overhaul its corporate structure — this time to…

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California cannabis company receives historic $1 million insurance payout following fire

It’s believed to be the largest insurance award ever given to a legal marijuana business. Industry insiders also see the event as another indicator of how rapidly the legal cannabis industry has matured, and how much corporate America’s “take” on cannabis companies has changed. Earlier this month the Santa Barbara…

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Colorado cannabis company makes c-suite shift

Since its founding in 2010, Organa Brands’ “maniacal focus on market expansion” has landed its marijuana edibles, vape cartridges, dab tools, distillates and beverages in 11 states and three countries. The company announced Monday it will enter its next stage of evolution — transforming from a North American cannabis powerhouse…

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Plans for California marijuana resort “on the back burner” after town sold to oil company

LOS ANGELES — Nipton’s new swimming hole is under construction, booze is returning to the restaurant and lottery tickets are being sold again at the ghost town’s general store. But it likely will be some time before those buds of green and gold that tokers really want are lining the…

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Remember that company developing a marijuana resort in California? They’re selling the town to an oil company.

LOS ANGELES — Could plans to turn an old California ghost town into a marijuana mecca be going up in smoke? Cannabis technology company American Green, which bought Nipton for $ 5 million last year, has sold it to another company for $ 7.7 million, acknowledging it struggled to raise…

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California Highway Patrol arrests drivers of licensed cannabis company van

Published: Dec 28, 2017, 9:56 am • Updated: Dec 28, 2017, 10:14 am By Michael Balsamo and Don Thompson, The Associated Press SACRAMENTO, Calif. — The confusing rollout of marijuana regulations in California has been underscored in Mendocino County, where local authorities licensed a company to deliver marijuana only to…

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Alaska marijuana board shuts down embattled edibles company

Published: Dec 19, 2017, 8:42 am • Updated: Dec 19, 2017, 8:46 am By The Associated Press JUNEAU, Alaska — Alaska’s marijuana control agency voted to revoke the license of a marijuana edibles manufacturer that was accused of selling moldy products. The state’s Alcohol and Marijuana Control Office board voted…

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Cannabis investors form ‘blank check’ company, file for $50M IPO

Published: Dec 8, 2017, 2:37 pm • Updated: Dec 8, 2017, 3:48 pm By Alicia Wallace, The Cannabist Staff A “blank check” company focused on acquiring ancillary businesses to the cannabis industry has filed registration documents for a future $ 50 million initial public offering, regulatory filings show. MTech Acquisition…

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