Dispensary/Retail Store Business News

DC to authorize sixth medical cannabis dispensary

John Schroyer  | March 22, 2017

The Washington DC Department of Health plans to add a medical marijuana dispensary to the five already in operation.

The license application period began March 6 and will end April 7, according to a public notice from the DC Department of Health.

The new dispensary must be located in either DC City Council Ward 7 or …

Another Canadian medical cannabis producer goes public

John Schroyer  | March 22, 2017

Adding to a growing trend among licensed Canadian medical marijuana producers, Hydropothecary Corp. went public Tuesday.

The Quebec-based company started trading on the TSX Venture Exchange after completing a reverse takeover with BFK Capital Corp. last week, the Financial Post reported.

Hydropothecary shares opened at 1.82 Canadian dollars ($1.36) and closed at CA$1.55 …

Court-appointed receivers an option for troubled marijuana companies

John Schroyer  | March 22, 2017

By John Schroyer

Business partnerships in the cannabis industry have become increasingly common. But what happens when such a partnership goes down the tubes and the parties wind up in court?

In that situation, who’s left to run day-to-day operations?

Study: Cannabis is making a dent in beer sales

Kevin Huhn  | March 20, 2017

Almost 30% of Americans say they are now buying legal marijuana instead of beer or would consider doing so if it were sanctioned in their states, according to a study by Cannabiz Consumer Group.

The results shed light on a potentially large customer base for cannabis companies.

Research by Cannabiz Consumer Group, also known …

Chart: Licensing bottlenecks hamper growth of Massachusetts MMJ program

Eli McVey  | March 20, 2017

By Eli McVey

Still reeling from a sluggish start statewide, Massachusetts’ medical marijuana program also is hindered by local-level licensing bottlenecks that have allowed just a handful of dispensaries to open to serve nearly 35,000 MMJ patients throughout the state.

New York’s medical marijuana reforms could expand patient pool

John Schroyer  | March 17, 2017

Two changes to New York’s medical marijuana program – one this week and the other coming next week – could bolster the state’s lagging MMJ patient pool.

A new rule allowing physician assistants to certify patients for MMJ took effect Wednesday, the Albany Times Union reported, following an earlier regulation that permitted nurse …

Cannabis public use measures could spur MJ sales, businesses

Bart Schaneman  | March 16, 2017

By Bart Schaneman

From Alaska to Massachusetts, a number of states are weighing measures to allow people to consume cannabis in public places such as clubs and other venues.

Legalizing cannabis clubs and other venues for public consumption could spur MJ sales and create new business opportunities, said industry officials.

An industry in flux: Cannabis mergers, acquisitions on the rise

John Schroyer  | March 15, 2017

By John Schroyer

Cannabis industry mergers and acquisitions have been on the rise over the past year, and industry watchers say the number of sales and transactions is almost certain to continue as the marijuana trade at large matures.

Florida medical cannabis bills make for hazy business climate

John Schroyer  | March 13, 2017

Medical marijuana isn’t shaping up to be the big business opportunity in Florida many cannabis executives were hoping for.

Although medical marijuana was approved overwhelmingly by Florida voters in November, the shape of the MMJ industry is still very much in question. And state lawmakers don’t appear to be moving toward any kind …

Recreational marijuana home delivery kicks off in Oregon

Bart Schaneman  | March 10, 2017

(Correction: An earlier version of this report misidentified the source TV station.)

Oregon’s recreational marijuana businesses are leading the way in the U.S. rec industry with a new service: delivery of adult-use cannabis to a customer’s home.

According to Portland TV station KGW, rec marijuana customers can now order from licensed dealers and have product …