Dispensary/Retail Store Business News

Groups working to develop standards for cannabis businesses

Bart Schaneman  | March 30, 2017

By Bart Schaneman

Cannabis trade groups, state officials and marijuana industry leaders are pursuing the development of standards and best practices covering organic certification, labor practices and energy use in a bid to further legitimize and professionalize the industry.

These efforts could bolster both the marijuana sector’s image among consumers and MJ companies’ bottom lines.

Washington DC’s medical marijuana program progressing, though more change in store

John Schroyer  | March 29, 2017

By John Schroyer

The District of Columbia’s medical cannabis companies have been ramping up in the past month, largely because of new business-friendly regulations that have reshaped the future in terms of possible market size.

But those companies still face big questions, especially with regard to expansion and uncertainty over the customer base’s potential size.

Las Vegas cannabis lounge options are taking shape

John Schroyer  | March 28, 2017

Marijuana consumption lounges in Las Vegas are looking more and more as if they’ll become a reality for cannabis entrepreneurs.

At a Clark County marijuana advisory panel meeting Monday, the board “spent most of its first meeting” talking about proposals for such a concept and how cannabis clubs would be regulated, the Las …

Arkansas rules on smoking medical cannabis, staffing go to governor

Bart Schaneman  | March 27, 2017

The Arkansas Senate has approved regulations on where medical marijuana can be smoked as well as requirements for staffing dispensaries.

According to the Arkansas News, the next stop for House Bill 1400 is the desk of Gov. Asa Hutchinson. If he signs the measure into law, it will ban patients from smoking medical cannabis:

 …

DC to authorize sixth medical cannabis dispensary

John Schroyer  | March 22, 2017

The Washington DC Department of Health plans to add a medical marijuana dispensary to the five already in operation.

The license application period began March 6 and will end April 7, according to a public notice from the DC Department of Health.

The new dispensary must be located in either DC City Council Ward 7 or …

Another Canadian medical cannabis producer goes public

John Schroyer  | March 22, 2017

Adding to a growing trend among licensed Canadian medical marijuana producers, Hydropothecary Corp. went public Tuesday.

The Quebec-based company started trading on the TSX Venture Exchange after completing a reverse takeover with BFK Capital Corp. last week, the Financial Post reported.

Hydropothecary shares opened at 1.82 Canadian dollars ($1.36) and closed at CA$1.55 …

Court-appointed receivers an option for troubled marijuana companies

John Schroyer  | March 22, 2017

By John Schroyer

Business partnerships in the cannabis industry have become increasingly common. But what happens when such a partnership goes down the tubes and the parties wind up in court?

In that situation, who’s left to run day-to-day operations?

Study: Cannabis is making a dent in beer sales

Kevin Huhn  | March 20, 2017

Almost 30% of Americans say they are now buying legal marijuana instead of beer or would consider doing so if it were sanctioned in their states, according to a study by Cannabiz Consumer Group.

The results shed light on a potentially large customer base for cannabis companies.

Research by Cannabiz Consumer Group, also known …

Chart: Licensing bottlenecks hamper growth of Massachusetts MMJ program

Eli McVey  | March 20, 2017

By Eli McVey

Still reeling from a sluggish start statewide, Massachusetts’ medical marijuana program also is hindered by local-level licensing bottlenecks that have allowed just a handful of dispensaries to open to serve nearly 35,000 MMJ patients throughout the state.

New York’s medical marijuana reforms could expand patient pool

John Schroyer  | March 17, 2017

Two changes to New York’s medical marijuana program – one this week and the other coming next week – could bolster the state’s lagging MMJ patient pool.

A new rule allowing physician assistants to certify patients for MMJ took effect Wednesday, the Albany Times Union reported, following an earlier regulation that permitted nurse …

Cannabis public use measures could spur MJ sales, businesses

Bart Schaneman  | March 16, 2017

By Bart Schaneman

From Alaska to Massachusetts, a number of states are weighing measures to allow people to consume cannabis in public places such as clubs and other venues.

Legalizing cannabis clubs and other venues for public consumption could spur MJ sales and create new business opportunities, said industry officials.