Briefs

Terra Tech sells Las Vegas retail cannabis shop for $6.2 million

One of the larger publicly traded marijuana companies in the United States announced the sale Thursday of one of its assets, a Nevada cannabis retail storefront, for $6.25 million. Terra Tech sold a 3,900-square-foot shop – located just north of the Las Vegas strip – to Exhale Brands Nevada, according to a news release. The facility […]

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New York adds medical cannabis as opioid substitute; sales boost expected

New York regulators on Thursday approved medical marijuana as an alternative to opioids, a move expected to spur sales significantly in what’s been a highly regulated market. The emergency rule announced by the State Department of Health is effective immediately. The state said temporary ID cards would be available for certified patients so they could […]

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Hawaii dispensaries to allow reciprocity from any US medical cannabis cardholder

Changes to Hawaii’s medical marijuana laws will allow dispensaries to sell cannabis to registered MMJ cardholders from any U.S. state, a move that could significantly boost sales given the droves of tourists that visit the state annually. Beginning next year, visitors to the Aloha State registered with the medical cannabis program in their U.S. state […]

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Federal prosecutor in MA to keep eye on recreational cannabis production

The top federal prosecutor in Massachusetts indicated he will take a mostly hands-off approach to the state’s impending adult-use marijuana industry, narrowing his office’s focus to overproduction that could lead to sales across state lines. “These out-of-state sales are nearly always cash transactions and so often involve federal tax fraud designed to hide the illicit […]

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Arkansas awards five medical cannabis grow licenses, but sales still long way off

Arkansas awarded licenses to five marijuana cultivation companies after a court injunction suspending the licensing process was lifted. The state’s Medical Marijuana Commission issued licenses to: Natural State Medicinals Cultivation Bold Team Natural State Wellness Enterprises Osage Creek Cultivation Delta Medical Cannabis Co. Each company paid a $100,000 license fee and a $500,000 performance bond. With the […]

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OK adds limits to medical cannabis rules including restriction on smokable MMJ

The wide-open medical marijuana measure approved by Oklahoma voters just got more restrictive after state health regulators took steps to prohibit the sale of smokable cannabis and require dispensaries to employ a pharmacist. That’s not good news for entrepreneurs looking forward to the potential of an unrestricted market. Immediately after Oklahoma’s landmark June 26 vote, Marijuana Business Daily projected […]

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