Marijuana Dispensary & Cannabis Store News

Week in Review: US Congress mulls milestone cannabis bills, on-premise MJ edibles moves in Alaska & more

A milestone U.S. marijuana reform bill is introduced in Congress, experts suggest cannabis banking changes at the federal level remain a long shot, Alaska’s capital city approves an ordinance permitting customers to consume cannabis edibles inside licensed retail establishments – and more of the week’s top marijuana business news. Key member of U.S. House introduces sweeping cannabis […]

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Chart: Hawaii’s medical cannabis reciprocity program off to slow start

Hawaii’s fledgling medical marijuana reciprocity program has the potential to boost sales at local dispensaries given that several million domestic tourists visit the state each year, but the program has experienced a slow start since its launch. From early March through the end of May, Hawaii’s out-of-state program added an average of 160 patients per month. Growth slowed […]

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Second lawsuit filed over California marijuana delivery rule

A licensed California cannabis company sued Santa Cruz County, claiming the governmental body is violating state law by prohibiting deliveries from out-of-county retailers into a swath of unincorporated areas. The East of Eden Cannabis Co. lawsuit filed in Superior Court in Santa Cruz County is the latest development in a thorny legal fight over who […]

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Washington state offers up cannabis traceability ‘workaround’ in wake of software release problems

Problems with the software release for the Washington state cannabis traceability system persist, as state regulators on Thursday announced a workaround for marijuana business-to-business transfers. The state’s response comes after a problematic software rollout that cost businesses significant losses was said to be fixed on Wednesday. The Washington State Liquor and Cannabis Board (LCB) issued […]

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Curaleaf agrees to acquire marijuana giant Grassroots for $875 million

Massachusetts-based Curaleaf, a cannabis company with a market cap of about $3.6 billion, on Wednesday agreed to buy privately owned Grassroots for $875 million in stock and cash. Curaleaf said the transaction – $75 million of it is in cash, the rest in stock – “solidifies” its position as the world’s largest marijuana company in terms […]

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New Hampshire governor rejects medical cannabis expansion bill

New Hampshire Gov. Chris Sununu vetoed legislation that could have spurred medical marijuana sales by eliminating a health-care provider requirement. The bill would have eliminated the requirement that a patient have at least a three-month relationship with a health-care provider before being certified to receive MMJ. In nixing the medical cannabis bill, the Republican governor […]

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Jushi closes $63 million Pennsylvania deal for medical cannabis dispensary space

Jushi, a Florida-based marijuana company, closed an agreement to acquire Pennsylvania-based Franklin Bioscience in a $63 million deal. The purchase price for Franklin, which holds licenses for up to 12 medical marijuana dispensaries in Pennsylvania, is a combination of cash, debt and stock. Jushi entered into various acquisition agreements since it started trading on Canada’s […]

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Alaska regulators quash first application for on-site marijuana consumption

Alaska regulators rejected a cannabis retailer’s application to permit customers to consume marijuana on the store’s premises, delivering a setback to the industry’s first attempt to win approval for on-site consumption. The Marijuana Control Board voted 2-2 on the application request from The Fairbanks Cut, the Anchorage Daily News reported. Approval requires a majority decision. […]

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Pennsylvania adds anxiety, Tourette syndrome to medical marijuana conditions list

Pennsylvania regulators have added two conditions to the list of health ailments that qualify for treatment with medical marijuana, which could result in an uptick in sales for MMJ firms. The Philadelphia Inquirer reported that anxiety disorders and Tourette syndrome will be added to the program’s list of 21 medical conditions on July 21. More information […]

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Lessons learned by Washington state cannabis firms after 5 years of recreational sales

Washington state rolled out the world’s second adult-use marijuana market on July 8, 2014, following closely behind Colorado, which began recreational sales at the start of that year. Over the past five years, Washington state cannabis business owners have persevered through stiff competition, a shifting regulatory landscape and sliding market prices. A study released by the […]

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Green Growth acquires multistate marijuana firm Moxie in $310 million deal

Green Growth Brands, a cannabis company based in Ohio, agreed to pay $310 million in stock for multistate operator Moxie. Moxie is based in Long Beach, California, but sells both recreational and medical cannabis products from 250 retail outlets and dispensaries in five states. Green Growth, which is headquartered in Columbus but largely focuses on […]

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