A company affiliated with a medical marijuana dispensary in Edwardsville has received a grower/processor permit as part of the state’s expansion of the program. The Justice Grown Cultivation and Processing Center planned for the Humboldt Industrial Park in Hazle Township will be the second facility to grow marijuana and supply it to licensed dispensaries throughout the state. Pier Cove LLC of Chicago, Ill., applied for the permit with the Pennsylvania Department of Health. Abbe Kruger,…"State issues license for 2nd medical marijuana grow site in Luzerne County"
SEATTLE (AP) — A Canadian company is the first marijuana business to complete an initial public offering on a major U.S. stock exchange, raising $153 million to expand its operations as Canada prepares to legalize the drug nationwide. British Columbia-based Tilray Inc.’s shares began trading Thursday on the Nasdaq stock exchange. Initially priced at $17, the stock quickly jumped, closing for the day at $22.55 – up about one-third. Tilray isn’t the first pot company…"Canadian marijuana company Tilray has first US pot IPO"
SAN FRANCISCO (AP) — This week’s announcement that the U.S. Justice Department was ditching its hands-off approach to states that have legalized marijuana initially sent some in the industry into a tailspin, just days after California’s $7 billion recreational weed market opened for business. But for long-term pot purveyors accustomed to changing regulatory winds, the decision was just another bump in a long and winding road to proving their business legitimacy. Many in the industry…"Pot industry frets, then shrugs off Sessions’ new policy"
The state Tuesday gave its approval to Pennsylvania Medical Solutions LLC to begin growing medical marijuana for processing at its Scranton site. The company was one of 12 statewide awarded a grower/processor permit in June by the Pennsylvania Department of Health and the only one in Lackawanna County. It will provide medical marijuana for sale at licensed dispensaries early next year. Gov. Tom Wolf announced the addition of Pennsylvania Medical Solutions LLC and GTI Pennsylvania…"State approves production of medical marijuana at Scranton facility"