Canada’s biggest cannabis company makes $321M acquisition to boost production

Published: Dec 1, 2016, 5:44 pm • Updated: Dec 1, 2016, 5:46 pm By Simon Casey and Jen Skerritt, Bloomberg Canopy Growth Corp., the largest company in Canada’s rapidly developing marijuana industry, agreed to buy competitor Mettrum Health Corp. for about C$ 430 million ($ 321 million) to expand production…

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High Times Rates Michigan As #1 Place For CBD Production

by Rick Thompson Of all the chemicals that make up the cannabis plant, cannabidiol, or CBD, is typically viewed as the most beneficial to human health. Some states allow only CBD-based medical marijuana products to be legally consumed by their patients. In a recent article titled, “The Strongest Strains on…

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Australia: Parliament Approves Measure To Authorize Medical Marijuana Production

By Paul Armentano, NORML Deputy Director Members of Australia’s House and Senate approved legislation this week to amend federal law to permit for the licensed production and distribution of cannabis to qualified patients. The measure amends the Narcotic Drugs Act of 1967 to allow “for the cultivation and production of…

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US Marijuana Production Energy Costs Exceed $6 Billion

New Frontier, the leading Big Data provider in the cannabis industry, analyzes the high energy costs associated with cultivating marijuana in its latest report, Illuminating Cannabis: The Future of Energy in the Cannabis Industry. Marijuana is the most energy intensive agricultural crop produced in the U.S. Its production consumes one…

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