Is legal weed flattening beer sales?

This bud’s a potential downer for beer. A research note published this week from Cowen & Company financial analysts suggests that beer volume sales in the legal recreational cannabis states of Colorado, Oregon and Washington are under-performing the overall U.S. beer market by 2.6 percentage points year-to-date. “In adult-use cannabis markets, there are clear signs…

Scotts Miracle-Gro charges ahead in hydroponics, takes control of Boulder’s AeroGrow

Scotts Miracle-Gro is now the majority owner of Boulder’s AeroGrow International Inc., the indoor gardening products company that was Scotts’ first foray into hydroponics. AeroGrow this week announced that Scotts subsidiary SMG Growing Media Inc. upped its ownership stake in the Boulder firm to 80 percent after it exercised the entirety of its outstanding warrants…

D.C. Protests Possible Cannabis Crackdown

Safe access advocates in Washington, D.C. took their pro-cannabis message directly to controversial Attorney General appointee, Senator Jeff Sessions, urging him to reconsider his controversial statement that “good people don’t smoke marijuana and to refrain from cracking down on state-legal cannabis. But will their efforts be enough to change the will-be AG’s mind, and is there…

Cannabis Researchers: ‘We Need Better Bud’

The federal government strictly limits cannabis researchers, requiring them to conduct all studies using material from a single approved cultivator. But with a maximum potency of roughly 10-percent THC — and zero availability of concentrates or refined cannabinoids — that material bears little resemblance to the cannabis products available for purchase in medical and adult use…

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

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 as the government moves toward legalization. The all-stock deal values Mettrum at C$8.42 a share, the companies said Thursday in a statement, representing a 42 percent premium…