Dispensary/Retail Store Business News

Awaiting a marijuana business license? It’s possible to defray building rental costs

It can take months for a marijuana business to gain licensing approval from regulators.

The biggest problem facing a company in such a situation is it usually must have the location nailed down before filing an application.

But paying rent on space before having a license in hand can cost a lot of money, unless steps are taken early in the process to minimize costs.

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Arkansas lawmakers approve new marijuana consultant, application rules

Arkansas lawmakers approved a rule to allow the state’s Medical Marijuana Commission to hire a consultant who will review hundreds of applications for licenses it has received from cannabis dispensaries. The approval comes after the state awarded licenses to five marijuana cultivation companies last week after a court injunction suspending the licensing process was lifted. The move to […]

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Oceanic, Canopy snag Newfoundland’s newest cannabis stores

Newfoundland and Labrador announced five new recreational cannabis stores, bringing to 29 the total number of sales points in the province. Ontario-based Canopy Growth won two licenses, and local player Oceanic Releaf received three. Newfoundland is expected to announce at least one more round of retail licenses ahead of the first legal sales on Oct. […]

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Oklahoma gov tells regulators to pull controversial medical marijuana rules

Oklahoma Gov. Mary Fallin has reversed herself and said health regulators should rescind controversial rules that threatened to curb the growth of the state’s new medical marijuana program. The State Health Board last week approved rules banning smokable flower and requiring dispensaries to have a pharmacist on staff. Fallin quickly signed off on the regulations. But […]

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Maryland medical marijuana company has license reinstated

MaryMed has been given another chance at Maryland’s medical marijuana market after a judge ruled that the MMJ company likely didn’t violate the law. The Baltimore Business Journal reported the Dorchester-based company received preapproval from state regulators in 2016 to open cultivation, retail and processing operations. But the licenses were rejected after the state began […]

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First seven Michigan medical cannabis licensees now in regulatory limbo

The first seven Michigan companies won business permits just last week, but now they find themselves in regulatory limbo, unable to fully comply with the law and also serve patients. That’s because there aren’t any licensed testing labs yet in all of Michigan, Mlive.com reported. And because state law requires MMJ to be tested for safety […]

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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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Week in Review: Good news for Michigan medical marijuana, Oklahoma market narrows & Maine veto override

The Michigan medical marijuana industry sees an expansion of qualifying conditions and new licenses, Oklahoma adopts emergency medical cannabis rules, and Maine’s MMJ market opens up in new ways. Here’s a closer look at some notable developments in the cannabis industry over the past week. Kick the can? The Michigan medical marijuana industry got a double […]

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