Dispensary/Retail Store Business News

New Jersey legislative committees advance adult-use cannabis legislation

New Jersey took a big step Monday toward becoming the latest state to legalize recreational marijuana when separate panels in the Senate and the Assembly approved identical legislation and sent it to the full Legislature for a vote. Gov. Phil Murphy, a pro-marijuana Democrat, has said he wants a legalization bill to be sent to his […]

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Cannabis firms Cannex Capital, 4Front announce all-stock merger

Cannex Capital Holdings of Vancouver, British Columbia, and 4Front Holdings, an Arizona-based multistate marijuana firm, have announced plans to merge. The all-stock deal – which places an approximate valuation of more than $230 million on 4Front – is subject to shareholder approval and reviews by the Canadian Securities Exchange (CSE). The combined company will trade […]

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Massachusetts marijuana regulators approve more recreational retail licenses

The first day of adult-use cannabis sales in Massachusetts reportedly went smoothly Tuesday, and regulators continued to approve final retail licenses in an attempt to keep the industry in the state moving forward. Steven Hoffman, chairman of the state’s Cannabis Control Commission, told The Boston Globe he expects more retail, cultivation and manufacturing licenses to […]

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Marijuana firm MedMen scales back financing, appoints interim CFO

MedMen Enterprises is slashing its latest funding round as the firm’s stock tumbles and the California cannabis company hunts for a new chief financial officer. The multistate cannabis firm revealed Friday that CFO James Parker resigned. The company appointed Jim Miller, vice president of accounting, as interim CFO while the firm searches for a replacement […]

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First recreational cannabis stores open in Massachusetts to big crowds

Despite long lines and the uncertainty that comes with launching adult-use marijuana sales, the owners of the first two stores in Massachusetts permitted to sell recreational cannabis and their customers say sales and shopping experiences have gone smoothly. Cultivate in Leicester and New England Treatment Access (NETA) in Northampton both opened at 8 a.m. ET […]

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MA says first recreational cannabis stores in eastern US can open Tuesday

Two marijuana stores in Massachusetts were given the green light to begin selling to recreational customers on Tuesday, making them the first commercial cannabis stores in the eastern United States. The Cannabis Control Commission (CCC) announced Friday that New England Treatment Access, in Northampton, and Cultivate Holdings, of Leicester, were authorized to open in three […]

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Green Thumb Industries buys Nevada cannabis business in $290 million deal

Green Thumb Industries (GTI), a multistate marijuana company, has agreed to purchase a Nevada-based, vertically integrated cannabis company in a stock and cash deal valued at about $290 million. The deal expands Chicago-based GTI’s footprint in Nevada, home to one of the fastest-growing, adult-use MJ markets in the nation. The acquisition includes: Three retail stores in […]

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MJBizCon 2018 begins with record attendance, reflecting marijuana industry’s rapid growth

The annual MJBizCon that began Wednesday is again setting record numbers for attendance and exhibitors, mirroring the marijuana industry’s explosive growth and its bullish prospects after voters approved three new MJ markets worth up to $2 billion. Some 25,000 marijuana industry professionals, investors and entrepreneurs are expected to attend the three-day conference at the Las […]

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New cannabis business takes over Louisiana MMJ grower contract

Pennsylvania-based Ilera Holistic Healthcare is taking over the contract to grow medical marijuana on behalf of Louisiana’s Southern University for the state’s MMJ program. Shreveport TV station KTBS reported that the company with the initial contract – Advanced Biomedics – never became operational because of disputes between the owners. Ilera bought the 68% stake in Advanced […]

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Connecticut adds another condition to medical marijuana treatment list

Connecticut regulators added another ailment to the list of conditions that can be treated with medical cannabis, bringing the total number of conditions to 31 for adults. The state’s Regulations Review Committee decided chronic neuropathic pain associated with degenerative spinal disorders should be included on the list. The added condition could provide a slight boost to […]

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Ohio’s medical marijuana program delayed by lack of operating testing labs

A dearth of open cannabis testing labs is delaying Ohio’s medical marijuana program beyond its previously expected November launch date. None of the state’s five licensed labs is testing cannabis for potency and purity yet, which is required by law before sales at dispensaries can begin, The Cincinnati Enquirer reported. Ohio approved medical marijuana in 2016, […]

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