Dispensary/Retail Store Business News

Pennsylvania MMJ Legalization Hits Snag

John Schroyer  | May 26, 2015

Although a number of marijuana activists have pegged Pennsylvania as one of the more likely states to legalize medical cannabis this year, it looks like that may not happen after all.

A bill that easily passed the state Senate may now die in a state House of Representatives committee

For Marijuana Companies, Biggest Security Concern Comes From the Inside

John Schroyer  | May 26, 2015

By John Schroyer

Robberies involving medical marijuana dispensaries, recreational stores and cultivation sites may make headlines, but the biggest security threat for cannabis businesses isn’t tied to unknown masked men hoping to make a quick buck.

Roughly 90% of financial and product loss in the marijuana industry can be chalked up to employee theft, according …

5 Key Takeaways From the First Full Day of the Big Spring Conference

John Schroyer  | May 21, 2015

By John Schroyer and Becky Olson

More than 2,100 cannabusiness executives and major investors have descended on Chicago for the national Spring Marijuana Business Conference & Expo. After a rousing keynote by Steven Levitt, co-author of the bestselling book Freakonomics, session topics ranged from new markets to

AZ Cannabis Farmer’s Market Club Raided by SWAT

John Schroyer  | May 18, 2015

Nine people were arrested at five locations after an Arizona SWAT team raided a medical cannabis club in the Phoenix area. The 7Ten Club was known for hosting marijuana farmer’s markets twice a week.

The Club was the site of at least 18 illegal cannabis transactions while under undercover surveillance by local law enforcement,

Week in Review: WA Reaching Out to Tribes, Banks Explain MJ Stance + Ohio Campaign Boost

John Schroyer  | May 15, 2015

By John Schroyer and Tony C. Dreibus

Washington State sets up a process to work with Native American tribes interested in marijuana, large banks reveal why they won’t touch the cannabis industry, and an Ohio legalization campaign gets a big-name backer – as well as some more money for its enormous war chest.

Here’s a …

License Problems Lead to Layoffs at Cannabis Chain

John Schroyer  | May 14, 2015

A marijuana baron in Colorado has been forced to lay off roughly 45% of his workforce because his business licenses have all been put on hold by the state.

Shawn Phillips, who owns nine cannabis shops around the state and holds 39 licenses, was told by the state’s Marijuana Enforcement Division (MED) that his applications …

Smaller Players Squeezed Out of NY Licensing Process

Tony C. Dreibus  | May 14, 2015

Strict rules, huge financial requirements and stiff competition appear to be deterring smaller businesses from vying for medical marijuana licenses in New York – which is what some observers expected would happen all along.

Take the case of Adam Kurtz, who has grown flowers on a farm in New York for nearly three decades.

He …