Marijuana Dispensary & Cannabis Store News

Vireo enters Arizona medical cannabis market

Vireo Health, a Minneapolis-based cannabis group, said it is expanding into Arizona with the acquisition of Arizona Natural Remedies (ANR). Vireo declined to disclose the value of the acquisition. The company, which started trading on the Canadian Securities Exchange earlier this month, will now operate in seven states. ANR operates a dispensary in Phoenix and an Amado-based cultivation […]

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Cronos Group reports boosted cannabis revenue but wider losses in Q4

Cronos Group, a Toronto-based licensed cannabis party, posted sizable fourth-quarter revenue, the company said in an earnings report Tuesday, but its net loss for the period grew sharply – fueled in large part by financial reporting requirements. Cronos reported fourth-quarter revenue of 5.6 million Canadian dollars ($4.2 million) for the period ended Dec. 31, 2018, up nearly 250% […]

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Cresco closes in on approval to enter Michigan marijuana market

Cresco Labs, a Chicago-based multistate cannabis operator, said it received prequalification licensing approval to enter the Michigan cannabis market. The company, which earlier this month said it plans to acquire Florida-based medical marijuana group VidaCann for $120 million, would have production and retail operations in 11 states once all outstanding applications are approved. Cresco has applied […]

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Cannabis financier Gotham Green Partners to invest up to $250 million in MedMen

MedMen, a California-based multistate marijuana operator, said it will receive an investment of up to $250 million from private equity fund Gotham Green Partners (GGP). The investment – a convertible credit facility – is believed to be the largest to date by a single investor in a publicly traded cannabis company with U.S. operations. The money […]

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Florida dispensary conducts first smokable medical marijuana sale

Only days after Florida’s governor signed a bill allowing medical cannabis dispensaries to sell smokable products, Trulieve, the largest cannabis retailer in the state, began selling them. Trulieve sold the first smokable flower to a medical marijuana patient in Tallahassee on Thursday, the Tallahassee Democrat reported, and the company plans to have smokable products in […]

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Study: IL medical marijuana growers could meet 4 years of recreational MJ demand

Licensed medical marijuana growers in Illinois would be able to supply adult-use cannabis for four years after legalization, according to a report commissioned by licensed MMJ businesses. However, the study noted, a significant increase in the number of retail licenses is needed to meet consumer demand. The industry report contradicts a Legislature-commissioned study that predicts Illinois’ […]

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Arkansas Senate passes medical cannabis bills affecting edibles, advertising

Arkansas marijuana entrepreneurs took note as the state Senate passed two bills aimed at restricting medical cannabis’ desirability to children by limiting certain edibles and restricting MMJ advertising. The two bills passed Tuesday codify rules already spelled out by the state’s Alcoholic Beverage Control Division. The measures were sent to the state House for consideration. […]

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NV audit spurs marijuana dispensary owners to call for traceability software training

Nevada cannabis dispensary owners are calling for more training on the state’s mandatory seed-to-sale cannabis tracking software after a state-led audit of marijuana businesses found discrepancies between sales reports and tax returns. According to The Nevada Independent, the Nevada Dispensary Association pointed out the inaccurate entries and “confusion over batching and tagging during program’s rollout” […]

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US marijuana firm Vireo Health launches on Canadian exchange

Vireo Health, a Minnesota-based multistate operating cannabis company, started trading Wednesday on the Canadian Securities Exchange. Vireo has growing, dispensary and processing operations in six states. Vireo is trading under the ticker symbol VREO. More details can be found here.

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Is vertical integration the right approach for your cannabis business?

Kevin Currier has lost sleep over the prospect of vertically integrating his new marijuana business in Michigan.

A Michigan resident, Currier applied for a medical cannabis retail license in Grand Rapids while the state transitions to a recreational market.

But he often wonders whether vertical integration – having a cultivation and retail component to a company – would better position him for success.

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