Dispensary/Retail Store Business News

Hawaii lab rejects more than 20% of medical marijuana tested

Hawaii’s first and biggest cannabis testing lab is sending back a sizable percentage of the medical marijuana it tests for contaminants. Honolulu-based Steep Hill Hawaii is rejecting 20%-30% of the marijuana that comes through its doors, according to Hawaii News Now. Michael Covington, chief operations officer for Steep Hill Hawaii, told the news outlet that 95% […]

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Marijuana firm Cresco Labs charts plan to go public in Canada

Multistate cannabis operator Cresco Labs is looking to go public in Canada via a reverse takeover (RTO), the latest U.S. firm to use this path to a listing on the Canadian Securities Exchange (CSE). Cresco announced Wednesday that it’s pursuing an RTO of Randsburg International Gold, an Ontario-based firm that has no significant operations but is listed on […]

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Canadian marijuana cultivator Flower One buys Nevada MJ firm for $27 million

Canadian marijuana cultivator Flower One Holdings agreed to purchase a Nevada cannabis cultivation business for $27 million, expanding the Toronto-based company’s footprint in the Silver State’s rapidly growing MJ industry. With the purchase of 100% of Las Vegas-based NLV Organics, Flower One (Canadian Securities Exchange: FONE) gains a 25,000-square-foot cultivation and production facility in North Las Vegas, […]

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MedMen inks blockbuster $682 million stock deal to acquire medical cannabis firm PharmaCann

MedMen Enterprises has agreed to acquire multistate medical marijuana company PharmaCann in an all-stock deal valued at $682 million, inking what is believed to be the largest acquisition to date in the U.S. cannabis industry. The deal will double the number of states where Los Angeles-based MedMen has licenses to operate – expanding the firm’s […]

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New legislation could boost New Jersey’s medical marijuana patient population

New Jersey medical marijuana companies might see more patients thanks to proposed legislation that would make it easier for state regulators to approve new conditions that can be treated with MMJ. The measure is contained in a legalization bill unveiled last month that would create a recreational marijuana industry and make changes to the state’s existing medical […]

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Future medical marijuana dispensary glut in Oklahoma? Certainly looks like it

The Oklahoma Medical Marijuana Authority has received nearly 7,330 applications for patients and 600 applications for dispensary licenses, further evidence that the number of patients will be far too low to support all the state’s MMJ entrepreneurs. Here’s what the situation looks like right now: The ratio of medical marijuana patients to dispensaries would be […]

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Denver cannabis retail chain Sweet Leaf owners strike deal to pay fine, give up licenses

The owners of Denver-based marijuana retail chain Sweet Leaf made a deal with Colorado’s cannabis regulatory agency to sell the company’s remaining business licenses in the state, pay roughly $2 million in fines and drop their appeal. Alt-weekly Westword reported that owners Anthony Suaro, Christian Johnson and Matthew Aiken owe roughly $1.5 million to the […]

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San Francisco plans to create cannabis industry oversight committee

San Francisco officials plan to form a committee to monitor the city’s marijuana industry and assess its regulations and government oversight. According to the San Francisco Examiner, the new Cannabis Oversight Committee will: Examine the work done by the city’s Office of Cannabis. Measure the impact of existing regulations on businesses and communities. Make recommendations to […]

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More CA enforcement: 250 grows targeted, 614,000 marijuana plants seized

In California, a 39-county sting operation at 250 illegal cannabis cultivation sites resulted in the arrest of 52 people and the seizure of more than 614,000 plants, authorities said Thursday. The raids signal yet more acceleration by state and local authorities to rein in black-market operators, which licensed operators argue cause distinct harm to their […]

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First medical cannabis plants harvested in Ohio; sales still delayed

Some of Ohio’s medical marijuana growers are harvesting the state’s first legal marijuana, but sales are still a ways off for this potential $400 million market. According to the Cincinnati Enquirer, harvest is underway at Agri-Med Ohio in Meigs County, and Wellspring Fields in Ravenna has finished harvest. The state had hoped to have its MMJ […]

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