Dispensary/Retail Store Business News

Washington DC medical marijuana firm raises $3 million in financing

Bart Schaneman  | September 22, 2017

Holistic Industries, a medical marijuana company based in Washington DC, has raised $3 million from a pair of investment firms with ties to Florida’s MMJ industry.

Franklin Street, which has principals in Florida and Georgia, partnered with Full Moon Investments, a private fund adviser, to finance the deal, according to a news release.

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Ontario mulls pricing recreational marijuana at CA$10 per gram

Matt Lamers  | September 22, 2017

The Ontario government is considering setting the retail price of recreational marijuana at around 10 Canadian dollars per gram ($8.10) come legalization next summer, raising the question of whether the price will be low enough to deter consumers from going to the black market for cheaper product.

Experts are warning provinces to keep …

How to sell your marijuana business: Q&A with GRN Funds CEO Justin Costello

Kevin Huhn  | September 20, 2017

By Bart Schaneman

Valuating a cannabis business requires coming up with creative comparisons to established industries, such as tulips and wine.

That’s the space Justin Costello operates in. The CEO of Seattle-based GRN Funds, he brings years of experience making deals in the investment banking sector and said he has completed 80-plus cannabis deals.

MA holding company helps Israeli MMJ firm expand US reach

Omar Sacirbey  | September 20, 2017

Medical marijuana research firm Tikun Olam has expanded its partnership with a canna-centric Massachusetts holding company that will eventually increase the Israeli business’ U.S. footprint to seven states.

Under its new agreement with Newton, Massachusetts-based holding company MariMed, Tikun Olam’s MMJ products will be grown, manufactured and sold in four states where MariMed has …

Nevada Supreme Court halts cannabis distribution licensing

John Schroyer  | September 15, 2017

Nevada’s marijuana distribution court fight will last at least another few weeks.

On Friday, the Nevada state Supreme Court issued a temporary injunction prohibiting the Department of Taxation from issuing any more marijuana distribution license, in a move that could extend supply chain problems for cannabis retailers in the short term. Oral arguments …

Deadline looms for businesses to submit comments to FDA on CBD

Roger Fillion  | September 13, 2017

Producers and retailers of CBD products have a few more days to try to discourage international health regulators from classifying the substance as a psychotropic drug.

The U.S. Food and Drug Administration announced last month it wants comments about CBD to send to the World Health Organization. The deadline for comments has been extended a week …

Slow-moving Massachusetts a concern for recreational marijuana launch

Omar Sacirbey  | September 12, 2017

By Omar Sacirbey

Many Massachusetts cannabis advocates are worried that a regulatory agency heavy on members who voted against legalization may try to undermine the state's nascent recreational marijuana industry.

But a far bigger worry, it seems, is that "in Massachusetts, things tend to move really slow."