Washington raids net $80 million worth of illegal marijuana

Published: Dec 1, 2017, 8:42 am • Updated: Dec 1, 2017, 8:42 am By The Associated Press CENTRALIA, Wash. — Authorities say investigators have raided suspected marijuana grow operations involving Chinese nationals in Western Washington, resulting in the confiscation of an estimated $ 80 million or more in plants. The…

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Federal Government Allocates $3.2 Million to Study Cannabis for HIV

Federal Government Won’t Reschedule Cannabis, But Spends $ 3.2 Million For Research On Cannabis for HIV It’s taking what seems like forever for the US federal government to reschedule cannabis from its current status as a Schedule 1 drug, but they’ve just allocated millions to study its effects in treating…

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Students subjected to invasive drug search to share $3 million settlement

Published: Nov 15, 2017, 4:09 pm • Updated: Nov 15, 2017, 4:09 pm By Brad Schrade, The Atlanta Journal-Constitution ATLANTA — A southwest Georgia sheriff’s order to conduct an invasive drug search of hundreds of students at Worth County High School will cost $ 3 million under a proposed settlement…

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Cannabis equity fund’s $250 million target is industry milestone

Published: Oct 27, 2017, 11:37 am • Updated: Oct 27, 2017, 11:49 am By Jennifer Kaplan, Bloomberg A private equity fund co-chaired by a former BlackRock Inc. executive is planning to raise $ 250 million to invest in marijuana businesses in places such as Los Angeles, Las Vegas and midtown…

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Nevada marijuana sales eclipse $33 million for August 2017

Published: Oct 23, 2017, 7:57 pm • Updated: Oct 23, 2017, 8:01 pm By Alicia Wallace, The Cannabist Staff Nevada marijuana sales are sizzling. Dispensaries sold more than $ 33 million in recreational cannabis products in August, the state’s second month of adult-use sales, according to The Cannabist’s calculations on…

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Eaze accelerating marijuana delivery tech with $27 million investment

Published: Sep 14, 2017, 12:40 pm • Updated: Sep 14, 2017, 1:41 pm By Alicia Wallace, The Cannabist Staff A tech company focused on cannabis delivery is going full-throttle in California. Eaze, a San Francisco-based firm that developed software to facilitate marijuana delivery sales, hauled in $ 27 million in…

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Arizona county assessor: Cannabusinesses evading up to $1.5 million in taxes per year

Published: Aug 30, 2017, 8:37 am • Updated: Aug 30, 2017, 8:37 am By The Associated Press PHOENIX — Arizona’s most populous county is cracking down on medical-marijuana dispensaries and growth operations that aren’t paying property taxes on their business equipment. Medical-marijuana businesses are evading as much as $ 1.5…

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Marijuana tech firm MassRoots to buy CannaRegs for $12 million

Published: Aug 23, 2017, 4:30 pm • Updated: Aug 23, 2017, 4:30 pm By Alicia Wallace, The Cannabist Staff MassRoots Inc., a Denver-based marijuana tech and social media firm, plans to snap up web-based rules and regulations company CannaRegs Ltd. in a $ 12 million stock transaction, the companies announced…

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$3.8 Million Federal Grant Given To Study Cannabis and Opiod Addiction

Federal Grant Permits Research On Effect Of Cannabis To Opioid Problem This week saw the National Institute of Health (NIH) receiving a federal grant of $ 3.8 million that will allow researchers to analyze the impact of medical cannabis on opioid use. The study, which will take five years, will…

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Michigan cannabis legalization advocates have raised half a million dollars to get on 2018 ballot

Published: Aug 21, 2017, 9:04 am • Updated: Aug 21, 2017, 9:22 am By David Eggert, The Associated Press LANSING, Mich. — Faced with an unreceptive Legislature, advocates for marijuana legalization, guaranteed paid sick leave and a host of other bills are banking that you will embrace them at the…

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