Dispensary/Retail Store Business News

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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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 …

By Matt Lamers

After the Ontario government slammed the door on marijuana retail entrepreneurs, the province left the door open — ever so slightly — for the eventual licensing of cannabis-consumption lounges.

Ohio regulators will soon be taking applications for the 60 medical marijuana dispensary licenses up for grabs in the state.

Prospective dispensary owners will have a two-week window – Nov. 3-Nov. 17 – to submit their applications, The Columbus Dispatch reported.

Each applicant will pay a $5,000 fee. License winners …

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.

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 …

Arkansas received roughly 300 applications for medical marijuana business licenses, including about 200 on the final day the paperwork could be submitted.

The Department of Finance and Administration took in 200-plus applications Monday on top of the roughly 100 that had been submitted since the process began, the Arkansas Democrat-Gazette reported.

The …

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 …

By Matt Lamers

Canada’s cannabis industry is pushing back against the Ontario government’s blueprint for regulating marijuana, urging the province to reconsider its plan to handle recreational cannabis sales while shutting the private sector out of the retail rec business.

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 …

Canada’s federal government has indicated it won’t interfere in how provinces decide to regulate distribution, taxation and retail when adult-use marijuana is slated to become legal next summer – regardless of how the provincial programs are implemented.

“Each province has the flexibility to design it the way they think most appropriate. Ontario …