Dispensary/Retail Store Business News

MJBizDaily launches annual cannabis industry survey to collect key business data

Marijuana Business Daily has launched its seventh annual survey of cannabis industry executives and investors, an undertaking that’s intended to help the Colorado-based company provide key market, financial and operational data for businesses and entrepreneurs. Owners, founders and executives with dispensaries/retail stores, commercial cultivation operations, infused product manufacturers, vertically integrated businesses, testing labs and ancillary firms, […]

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Luxury retailer Barneys New York to sell marijuana products in California flagship

Upscale specialty retailer Barneys New York announced plans to sell cannabis products and accessories in a new “luxury” head shop called The High End, the latest mainstream company to capitalize on the marijuana industry. The shop will open in March inside the Barneys flagship store in the tiny Southern California town of Beverly Hills. The […]

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How Canadian firms and money are shaping US cannabis sector: Q&A with The Apothecarium’s Ryan Hudson

Ryan Hudson co-founded The Apothecarium in San Francisco in 2011. On Monday, he agreed to sell the retail company and its assets to a Canadian wellness firm for a cool $118 million to help fuel future growth. Hudson – who will remain The Apothecarium’s CEO – is the latest in a slew of California marijuana executives who’ve sold […]

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San Francisco cannabis retailer acquired by Canada’s TerrAscend for $118M

Canadian marijuana firm TerrAscend announced it will acquire California-based The Apothecarium in a deal worth more than $118 million (157 million Canadian dollars). In a news release, the Toronto-based company said the deal’s terms included $73.7 million in cash plus another $44.7 million worth of stock. In return, TerrAscend will receive: Three retail shops in […]

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Chart: Despite product shortages, New Mexico medical marijuana program posts significant growth in 2018

(This story has been updated to clarify that the tabled bill would have allowed recommendations for cannabis, not prescriptions.) New Mexico’s medical marijuana program continues to grow at a blistering pace, even as supply shortages and high prices plagued the industry during 2018. The state added more than 19,000 patients in 2018 – a 41% […]

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Arkansas to activate medical cannabis cards Feb. 15

Patients who registered for Arkansas’ medical marijuana program will see their cards become active next week, but dispensaries in the state likely won’t have the ability to sell MMJ to them until April at the soonest. The active ID cards could potentially allow eager patients to travel to neighboring Oklahoma – which allows reciprocity for […]

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More illicit California marijuana retailers busted by local law enforcement

Search warrants have been served at 10 inland Southern California marijuana dispensaries allegedly operating without licenses. Several enforcement actions in the Golden State have been reported in the past several months as state and local authorities continue efforts to crack down on illicit marijuana operations. It’s a development that could help some licensed MJ firms that have […]

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Ohio medical marijuana sales top $330,000 in first weeks

Medical cannabis patients in Ohio have spent more than $333,000 on 46 pounds of cannabis since sales kicked off at four dispensaries Jan. 16, the Dayton Daily News reported. The sales figures were provided by the state’s Medical Marijuana Control Program, which reported $75,000 in medical marijuana sales the first day alone. Compared to other […]

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Molson Coors CBD-beverage partner Hexo closes CA$57.6 million share offering

Hexo Corp., a licensed producer of cannabis based in Quebec, Canada, raised 57.6 million Canadian dollars ($43.7 million) Wednesday when it closed its offering of common shares. The company said in a news release it will use the proceeds for global expansion and research and development. The Quebec cultivator, which trades as Hexo on the Toronto Stock […]

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What cannabis shortage? Canada has ‘sufficient supply,’ Ottawa says

Canada’s federal government says the country has more than enough legal cannabis to meet demand even as some provinces complain about shortages. “The data is clear: There remains sufficient supply to meet and exceed existing demand,” Bill Blair, Canada’s minister in charge of marijuana, said Wednesday via Twitter after receiving queries from Marijuana Business Daily. […]

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