Dispensary/Retail Store Business News

Drive-thru cannabis dispensaries a no go in New Mexico

Omar Sacirbey  | August 12, 2016

The New Mexico Health Department has put the brakes on a proposed drive-thru medical cannabis dispensary aimed at serving people suffering from post-traumatic stress disorder.

The idea was proposed by David Romero White, president of Organtica, one of the newer medical marijuana producers in the state. He had planned to open the drive-thru …

Missouri AG Sues Four Retailers Over CBD Oil

John Schroyer  | August 12, 2016

Missouri Attorney General Chris Koster has filed suit against a quartet of retailers for selling hemp-derived CBD oil, charging they don’t have licenses.

Koster has been seeking to shut down upwards of 30 unlicensed CBD retailers in the state, according to the Associated Press. All but four shops voluntarily shut down after receiving written …

Arizona rec initiative qualifies for ballot

John Schroyer  | August 10, 2016

And then there were seven.

Statewide cannabis legalization questions that have definitely made the November ballot, that is. On Wednesday, the Arizona secretary of state notified the Campaign to Regulate Marijuana Like Alcohol that it had formally qualified for a spot on its statewide ballot, the campaign announced in a press release. The issue will …

BioTrackTHC gets top score in Puerto Rico

John Schroyer  | August 10, 2016

BioTrackTHC said Wednesday that it earned the highest score in a heated competition in Puerto Rico among cannabis tech companies trying to land the U.S. territory’s seed-to-sale medical marijuana tracking contract.

No other details were revealed in the company’s press release, and a contract has yet to be signed. But the Metro …

Report: Medical Cannabis Being Used As Currency in Oregon

Omar Sacirbey  | August 9, 2016

Some Oregonians are using medical marijuana as currency to buy and sell items on sites like Craigslist.com, opening the door to barter transactions.

The development is adding a new wrinkle to the state’s cannabis market, with some growers reportedly using their crop in trades.

Justin Gottlieb, an activist with the High Desert Cannabis Community, told …

Canadian MJ companies raise tens of millions in financing

John Schroyer  | August 8, 2016

Within the span of a week and a half, a trio of Canadian medical cannabis producers announced they had all raised seven-figure amounts to expand their businesses.

First it was Aphria, which revealed on July 28 that it had entered into a “bought deal” that would net it CA$25 million, in exchange for …

Canna-Centric Software Company Nets $1.6 Million in Seed Funding

Omar Sacirbey  | August 5, 2016

Baker, a Denver-based customer-engagement software company for marijuana dispensaries and edibles brands, announced on Friday it has landed $1.6 million in seed funding.

The funding round was led by Michael Lazerow, founder of Golf.com and Buddy Media, a social marketing software company purchased by another customer-relationship management business, Salesforce, for $800 million.

Other investors include …