Dispensary/Retail Store Business News

Banking Progress in Colorado, Washington

Banking relief for cannabis businesses in Colorado and Washington state may be within reach. In Colorado, the state Legislature has approved the country’s first-ever banking system for cannabis businesses, while in Washington a major credit union announced it will open accounts for recreational marijuana growers and processors. The Colorado bill – which needs a final […]

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Oregon’s Final Moratorium Count: 142 Cities, 26 Counties

In Oregon, selling medical marijuana may be harder than you think. Although the state passed a law last year allowing dispensaries, local jurisdictions spent the last two months enacting temporary moratoriums on such businesses before a May 1 deadline. The final tally for local bans: 142 of the state’s 242 incorporated cities and 26 of […]

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‘3-Legged Stool’ Needed to Start Cannabis Business in Nevada – Q&A With Attorney Bruce Gale

By Fred Dreier Attorney Bruce Gale began working in Nevada’s budding medical marijuana industry shortly after voters legalized dispensaries in 2013. Since then, he has helped prospective dispensary operators and cultivators prepare to apply for business licenses – including those seeking permits in Clark County, which accepted applications in April. Marijuana Business Daily spoke with […]

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WA Lottery Losers Plan Lawsuits, Consider Launching MMJ Businesses

Business owners in Washington state who lost out on the recent lottery for recreational cannabis store licenses are already planning their next move. For some, that means filing lawsuits against the Liquor Control Board, which organized the lottery. Others are weighing whether to start medical marijuana dispensaries in hopes that the state will not shut […]

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Arizona City Votes Down Dispensaries

Don’t expect to see dispensaries in the heart of Arizona’s third-largest city anytime soon. Local officials in Mesa have rejected a proposal that would have allowed medical marijuana centers to open up in the city’s struggling downtown core. Opponents argued that dispensaries would fuel crime, hurt the city’s image and harm other nearby businesses – […]

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Colorado Labs Barred From Testing Home-Grown Cannabis

State-licensed marijuana labs in Colorado can no longer test samples from home growers and medical cannabis caregivers. Instead, the labs can only work with licensed recreational cannabis stores, dispensaries and infused-product manufacturers as part of new testing rules. The move focuses the Colorado’s seven licensed testing labs firmly on highly regulated businesses instead of individuals. […]

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Sales Tax Creates Rift Among San Jose Medical Marijuana Dispensaries

By Fred Dreier Bad blood is brewing in San Jose, California, between medical marijuana dispensaries that pay the city’s sales tax and those that do not. Some entrepreneurs have recently opened fly-by-night storefronts, bypassing taxes and hoping to make as much money as possible before the city cracks down. Other dispensary owners claim they are […]

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Vermont Set to Tweak MMJ Program, Study Legalization

Vermont lawmakers passed a medical marijuana bill this week that increases the potential patient pool for dispensaries, boosts inventory limits and green-lights a study on legalizing and taxing cannabis. The measure must now be signed by Gov. Peter Shumlin, who this week praised the idea of studying legalized marijuana in an unrelated press conference. The […]

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Eastern Washington Cannabis Growers Face Hydration Hurdle

Marijuana growers in eastern Washington could see their profits dry up due to water restrictions. In the state’s agricultural region east of the Cascade Mountains, much of the irrigation water is provided by the United States Bureau of Reclamation, which inks local contracts through its district offices. Since marijuana is still federally illegal, the bureau […]

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$9M in Startup Costs for MA Dispensary

Starting a medical marijuana business in Massachusetts is not for the faint of wallet. A company that received two of the 20 provisional dispensary licenses awarded by the state anticipates shelling out at least $9 million in startup expenses and initial operating costs. New England Treatment Access (NETA) will open storefronts in Brookline and Northampton […]

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Canadian Cannabis Growers Report Huge Demand

The rapid growth of Canada’s medical marijuana market is outpacing the expectations of some of the country’s largest cultivation companies. Tweed Inc., a large grower based in Smiths Falls, Ontario, recently announced it would stop accepting new customers until it is able to meet current demand. The company also said it is raising its expected […]

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