Massachusetts’ two recreational marijuana retailers are putting a cap on the amount of marijuana customers can buy. Cultivate in Leicester joins New England Treatment Access (NETA) in Northampton in limiting purchases because of supply concerns. Cultivate’s customers are permitted to purchase only half an ounce of flower per person. More details about Massachusetts stores limiting purchase […]
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Female-focused marijuana company first to offer clones in Canada
Ontario-based Natural MedCo has become the first company in Canada to offer marijuana clones for sale to legal recreational consumers, achieving a first-mover advantage for an untapped and underserved consumer segment. Natural MedCo’s Eve brand – which bills itself as “Canada’s premier cannabis brand for all women” – succeeded in getting its clones to market in […]
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California regulators OK statewide marijuana delivery in draft of final rules
In the final drafts of California’s cannabis business regulations, regulators approved statewide marijuana deliveries, even in areas that ban cannabis. The rules will not be completely finalized until approved by the Office of Administrative Law (OAL), which may not be until sometime in January. Many believe statewide delivery – one of the most debated issues involving […]
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Oklahoma’s medical cannabis market set for major growth, with business competition fierce
Oklahoma broke the mold with its new medical marijuana program: The state has no numerical cap on business licenses, and doctors are free to recommend MMJ for any condition they deem appropriate. The lack of restrictions is attracting hundreds of would-be MJ business owners since the program launched in late August – a situation that […]
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Infused cannabis product maker Dixie Brands posts $2.4 million loss in third quarter
Denver-based Dixie Brands reported a net loss of $2.4 million in its fiscal third quarter, even though revenues more than doubled. The maker of infused marijuana beverages and products posted revenue for the quarter of $2.43 million – up nearly 110% from the year-ago quarter. During the quarter, the firm’s results were impacted by a […]
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Cannabis shortages plague Canadian retailers; here’s how they’re responding
As the Canadian cannabis industry struggles to provide enough supply to meet exuberant demand since recreational use became legal, private retailers are faced with their own challenge: how to stay in business. Many store owners in Alberta, Manitoba and Newfoundland have closed their doors as they await marijuana shipments, while others are considering different courses […]
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Boston-based marijuana firm Ascend Wellness closes $40 million funding round
Boston-based cannabis company Ascend Wellness has closed a $40 million funding round – capital the firm plans to use to build out its multistate footprint. Poseidon Asset Management, Salveo Capital, JM10 Partners and Shire Capital Advisors led the funding round. Ascend has licenses in three states: Illinois, Massachusetts and Michigan. More details on the funding […]
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Acreage inks $160 million acquisition of Oregon cannabis firm
Acreage Holdings has inked a $160 million deal to acquire Form Factory, a Portland, Oregon-based marijuana infused edibles manufacturer and distributor. The all-stock deal will boost Acreage’s footprint from 18 to 19 states and position the firm as a multistate consumer packaged goods firm, said George Allen, president of the New York-based company (CSE: ACRG.U). […]
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Massachusetts recreational marijuana stores bring in $2.6M in second week of sales
The newly launched adult-use cannabis market in Massachusetts hit $2.6 million in sales during the second week of sales, according to figures released by the state’s Cannabis Control Commission. Data also shows that since Massachusetts’ recreational marijuana market launched Nov. 20, there have been just over $4.8 million in sales at the two stores that […]
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Pennsylvania may expand medical cannabis qualifying conditions list
It may soon become easier for more patients to purchase medical cannabis in Pennsylvania, a development that could boost dispensary sales. The state’s Medical Marijuana Advisory Board approved a new process for adding medical ailments to the list of treatable conditions, the Tribune-Review reported. In coming weeks regulators will start accepting petitions for new conditions […]
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California cannabis vape cartridge makers facing counterfeit products hurdle
Mainstream industry brands have long contended with product knockoffs ranging from North Face jackets to Rolex watches. Now the problem is increasingly appearing in the marijuana industry – with vaporizer cartridges a key target. The issue can be a major headache for targeted companies. Counterfeiting can result in lost sales and downward pressure on the […]
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November/December Issue
Growing Ambition. Companies leverage capital, partnerships and diversification to expand beyond state lines.Read the Issue