In the past month and a half, the state of Michigan has dramatically increased turnaround times for processing and approving medical cannabis business license applications. In May alone, the new state Marijuana Regulatory Agency (MRA) ruled on 213 medical cannabis business permit applications, the Detroit Free Press reported. That’s up from an average of 95 […]
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MedMen opens its first Florida medical cannabis dispensary
Multistate operator MedMen on Friday announced the opening of its first Florida medical marijuana dispensary, in West Palm Beach – the first of 12 such planned storefronts in the state. The California-based company said in a news release it’s also planning upcoming Florida dispensaries in Orlando and Key West. MedMen could eventually open as many […]
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Chart: Marijuana store density surpasses Starbucks & McDonald’s in many mature cannabis markets
As competition between cannabis retailers grows, so does the number of stores in mature markets, where the relative density of marijuana shops has surpassed that of Starbucks in many. The recently released Marijuana Business Factbook estimates that in Denver and Portland, Oregon, for example, marijuana retailers outnumber Starbucks by close to double, while in Anchorage, Alaska – […]
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Nevada’s delay of cannabis social use venues leaves business owners to pivot or wait
Because of the huge potentials around marijuana social use businesses in Las Vegas – and all over the country, for that matter – many cannabis industry watchers were intrigued after the Las Vegas City Council voted on an ordinance in May to create a new business license and land-use regulations for such venues.
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Cannabis firm Acreage, Maine partner might sue over state residency requirements
The largest medical marijuana company in Maine threatened to sue the state if it doesn’t alter course on proposed residency requirements for recreational cannabis business permits. According to the Portland Press Herald, MMJ provider Wellness Connection has financial ties to New York-based multistate operator Acreage Holdings, and the recreational rules as currently written would prohibit […]
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New Mexico adds opioid use to medical marijuana conditions list
New Mexico health officials expanded the list of qualifying conditions for the state’s medical cannabis program, including opioid-use disorder, which could potentially mean expanded sales for MMJ businesses in the state. Other qualifying conditions that were added that could also boost business in the state include: Alzheimer’s disease Autism spectrum disorder Three degenerative neurological disorders […]
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Marijuana firm Planet 13 signals entry into CA with $10M dispensary purchase
Plant 13, the Nevada cannabis company that operates what it calls the world’s largest dispensary, is entering the California market with a $10 million acquisition of a dispensary license and lease in the Orange County town of Santa Ana. The company will pay Newtonian Principles a combination of $6 million in cash and $4 million […]
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Louisiana lawmakers approve bill allowing sale of medical marijuana inhalers
Louisiana’s medical marijuana dispensaries will be allowed to sell cannabis inhalers to patients under a bill headed to the governor’s desk. The added delivery method for patients should be a boost to retailers’ bottom line. Final passage came in an 82-0 House vote for the measure, which will let medical marijuana patients use an inhaler, […]
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Medicine Man agrees to acquire Colorado’s largest outdoor marijuana grower, manufacturer
Denver-based Medicine Man Technologies agreed to purchase Colorado’s largest outdoor cannabis grower as well as a local manufacturing and dispensary company, saying a new state investment law paved the way for the deals. Terms weren’t disclosed. Medicine Man – a vertically integrated cannabis company – is acquiring cannabis cultivator Los Sueños Farms and MesaPur, a dispensary […]
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Connecticut adds five medical cannabis conditions, will consider chronic pain
Medical marijuana companies in Connecticut likely will see a boost in business after the state expands its MMJ program with five new qualifying conditions. A board of physicians recommended the new conditions at the Department of Consumer Protection’s regular meeting Monday, and the agency’s commissioner promptly accepted them, according to the Hartford Business Journal. The new […]
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Nevada is poised to create cannabis compliance board
Nevada legislators passed a bill to create a board that will oversee the state’s legal marijuana industry. The Cannabis Compliance Board will be tasked with establishing requirements for marijuana delivery services and studying MJ consumption lounges. Here’s what you need to know: The board would be barred from legalizing and licensing lounges. The bill prohibits a […]
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Massachusetts regulators agree to take hard look at cannabis social use sites
In a move that could eventually open new marijuana business opportunities, the Massachusetts Cannabis Control Commission narrowly agreed with a working group’s recommendations that the state should further explore licensing social MJ consumption sites. The recommendations, approved 3-2 by the commission: Allow for a test of social consumption sites in 12 volunteer communities, including five that […]
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