Dispensary/Retail Store Business News

Report: Many Colorado Dispensaries Taking on Big Risks To Accept Plastic

John Schroyer  | April 28, 2015

Dozens of dispensaries in Colorado have set up “shadow” banking systems that allow them to accept credit and debit cards from customers – even though such practices could set them up for potential money laundering charges, according to a report by a local TV station.

Fox31 Denver found that

California Leaders Exploring Recreational Marijuana Issues

Tony C. Dreibus  | April 28, 2015

Some California officials are trying to ensure would-be recreational marijuana businesses don’t run into the same murky legal issues medical cannabis companies currently face should the state legalize cannabis for adult use.

San Francisco City Supervisor Scott Wiener is considering forming a task force that …

New York Taking Applications for Medical Cannabis Business Licenses

John Schroyer  | April 27, 2015

Ready, set, go!

Entrepreneurs can now apply for medical cannabis business licenses in New York, kicking off a process that is expected to be one of the most competitive in the country.

The state’s health department is now accepting applications for five licenses that will allow companies to grow and sell medical marijuana. Officials plan …

WA Gov. Signs Sweeping Bill Moving MMJ Into Rec Program

Tony C. Dreibus  | April 27, 2015

Washington State’s medical marijuana program will officially be rolled into its recreational market after Gov. Jay Inslee late Friday signed into law a sweeping bill putting in place rules for the production and dispensing of MMJ.

Under the law (Senate Bill 5052), dispensaries and collective gardens will have to …

Minnesota MMJ Companies Raise $30M

John Schroyer  | April 24, 2015

The two companies selected to grow and dispense medical cannabis in Minnesota have raised a combined $30 million in investments – an unprecedented amount for startups in a new MMJ market.

Earlier this week, Minnesota Medical Solutions (also known as MinnMed) announced that it has secured $16.6 million in capital in capital ahead …

Canadian MMJ Crackdown On the Way?

John Schroyer  | April 24, 2015

Medical marijuana businesses in Vancouver, British Columbia, may soon be in the city’s crosshairs.

The city council has “decided to step in” with a new ordinance that will boost licensing fees and crack down on zoning for cannabis businesses in light of a federal prohibition of MMJ dispensaries, City Manager Penny Ballem

Seed-to-Sale Tracking Trend Continues With New Mexico

John Schroyer  | April 24, 2015

An increasing number of states are requiring cannabis companies to track every plant from seed to sale in a bid to increase oversight on the industry, which subsequently bolsters the market for businesses that make inventory software.

The latest state to go in this direction: New Mexico.

This week, officials awarded a state contract to …

Week in Review: Oregon Rec Preview, Florida MMJ Fail + California Dispensary Lawsuit

John Schroyer  | April 24, 2015

By John Schroyer and Tony C. Dreibus

Oregon officials offer a glimpse of potential business activity in the state’s recreational cannabis industry, Florida fails to pass medical marijuana reforms once again, and a prominent California dispensary owner faces a lawsuit that seeks to shutter her business.

Here’s a closer look at several notable developments in …