Dispensary/Retail Store Business News

First Massachusetts Dispensary Opening Renews Hope for Entrepreneurs, Investors

Tony C. Dreibus  | June 24, 2015

By Tony C. Dreibus

The first dispensary in Massachusetts opens today, kicking off a medical marijuana industry that’s been nearly three years in the making and could eventually generate tens of millions of dollars in annual sales.

Alternative Therapies Group (ATG) in Salem received a three-month waiver from Gov.

Survey Shows Drop in Colorado Cannabis Prices, Spending

Tony C. Dreibus  | June 22, 2015

Increased competition has led to a decline in marijuana prices and per-customer spending, according to a survey of Colorado cannabis businesses.

Customers are spending about $50 per visit, half of what they were a year earlier, according to a survey by Convergex, a New York-based brokerage that services institutional investors. Flower now sells …

Gov’t Removes MMJ Research Roadblock

Tony C. Dreibus  | June 22, 2015

The federal government has removed a big barrier to cannabis research, eliminating a 16-year-old requirement that made it difficult to study the medical aspects of marijuana.

The requirement forced all non-federally funded marijuana research to go through a Public Health Service (PHS) review, according to a U.S. Department of Health and Human Services …

NY Dosing Rules Could Create New Industry Sector

John Schroyer  | June 22, 2015

Strict regulations surrounding medical cannabis dosing in New York could spark new ancillary business opportunities tied to clinical data.

The majority of MMJ states haven’t required specific dosing levels to accompany medical cannabis usage the way that New York will.

The state’s rules are so strict, in fact, that one of the business license applicants, …

First Massachusetts Dispensary to Open ‘Soon’

John Schroyer  | June 22, 2015

At long last, the first Massachusetts dispensary is expected to open for business.

Exactly when is still up in the air, though.

Alternative Therapies Group in Salem, Massachusetts, is set to launch “soon,” though it has not yet set a specific date to begin serving customers, according to the Boston Globe.

The lack …

4th Annual Marijuana Consumer Survey Underway

Chris Walsh  | June 19, 2015

Marijuana Business Daily has launched its annual survey of patients and cannabis consumers to gather key market data that will be used to help dispensaries, retail stores, infused products makers and growers understand the wants and needs of customers.

Patients and consumers who are 21 or older can take the online survey here.

The …

Guam Cultivation Limited to Strains Already on the Island

Tony C. Dreibus  | June 19, 2015

Entrepreneurs who want to grow cannabis in Guam will need to cultivate marijuana from plants already growing in the U.S. territory, yet local officials don’t know which strains are currently on the island.

The territory’s medical marijuana program, passed by voters in the November election, could look similar to Arizona’s. Guam public health …

Oregon Dispensaries Ask to Sell Recreational Cannabis

John Schroyer  | June 19, 2015

A glut of licensed medical marijuana dispensaries in Oregon has made it difficult for some operations to turn a profit.

As a result, some dispensary owners are pleading with state lawmakers for a lifeline: approval to sell recreational marijuana.

The owners are hoping to sway members of a joint legislative committee considering a bill that …

Week in Review: PA Ramping Up for MMJ, Tribes Making Moves + Dueling Initiatives in Michigan

John Schroyer  | June 19, 2015

By John Schroyer and Tony C. Dreibus

Pennsylvania businesses are prepping for medical marijuana legalization despite long odds, Native American cannabis activity starts to ramp up, and two recreational MJ efforts make gains in Michigan.

Here’s a closer look at several notable developments in the marijuana industry over the past week.