Marijuana Dispensary & Cannabis Store News


Restructuring cannabis firm MedMen taps interim CEO, withdraws guidance

Financially struggling MedMen Enterprises has retained a management advisory firm to help it restructure. The Los Angeles-based company also tapped two executives from the firm, SierraConstellation Partners (SCP), to serve as MedMen’s interim CEO and chief operating officer. The multistate marijuana operator said in a news release it hired SCP on an interim basis to “support the […]

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Some cannabis businesses add employees, others mull layoffs in response to coronavirus crisis

Marijuana businesses navigating staffing issues during the COVID-19 outbreak are taking different tacks as they strive to keep employees and customers healthy and safe – while keeping close tabs on their companies’ bottom lines. Some businesses are seeing a spike in sales, but others are concerned about the economic and financial fallout from the coronavirus […]

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Week in Review: Recreational marijuana sales tumble, cannabis stores open during pandemic, Harvest-Verano deal dead & more

COVID-19 causes cannabis sales to ebb, flow Only a few days after adult-use marijuana sales soared amid the coronavirus scare, they took a nosedive. MJBizDaily takeaway: The roller-coaster ride in marijuana sales was to be expected. Initially, consumers, panicked by the pandemic, stockpiled products. The sudden drop might mark a natural decline after consumers stocked up before […]

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Oklahoma allows curbside medical marijuana sales

Oklahoma medical cannabis dispensaries can provide curbside-pickup service, but they must ensure there is limited contact between employees and customers, state regulators said. Dispensaries are exempt from Republican Gov. Kevin Safer-at-Home order for the elderly and “vulnerable populations” issued in response to the COVID-19 pandemic. Oklahoma is one of the many states where dispensaries have been identified […]

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MJBizDaily podcast: Recreational marijuana sales fall after rising on COVID-19 fears and more

Adult-use cannabis sales plunged this week after briefly hitting new heights attributed to coronavirus concerns. Some of the other top headlines addressed in this week’s MJBizDaily podcast include: More states say medical cannabis shops can stay open amid the COVID-19 outbreak. States have allowed marijuana businesses to remain open despite coronavirus stay-at-home orders. Kentucky hemp farm […]

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VIDEO: Effects of COVID-19 crisis on marijuana retailers as many shift to curbside service, delivery

States and cities continue to release new ground rules establishing if and how cannabis retailers can keep doing business after statewide stay-at-home orders are put in place to try to slow the coronavirus crisis. Many marijuana store owners are shifting to manage new curbside-pickup and expanded delivery services, even as they try to keep the health and […]

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Cannabis firm Harvest Health seals $25 million Franklin Labs purchase

Multistate marijuana operator Harvest Health & Recreation announced on Friday it closed on its previously announced $25.5 million purchase of Pennsylvania medical cannabis company Franklin Labs. The closing comes a day after Harvest revealed that it would no longer buy Chicago-based Verano Holdings, which was for a time was one of the biggest merger and acquisitions announced […]

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VIDEO: Coronavirus’ impact on the cannabis supply chain

Click on the video below to see Marijuana Business Daily’s Bart Schaneman discussing how COVID-19 is affecting the worldwide marijuana supply chain. The health crisis has revealed fragility in the cannabis supply chain – from vape hardware to marijuana packaging – but it also has shown that MJ companies can shift quickly to develop creative solutions to […]

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Marijuana packaging firm KushCo lays off 49, blames COVID-19

KushCo Holdings, a cannabis company specializing in ancillary products such as packaging, on Thursday said it laid off 49 employees this month as the California company’s CEO noted that “the COVID-19 pandemic creates ever-increasing uncertainty in the cannabis industry.” The layoffs will save the company about $4 million, according to a company news release. Since last […]

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COVID-19 might delay Maine’s adult-use cannabis launch beyond June

The long-awaited launch of Maine’s recreational marijuana market could be delayed further because of the coronavirus, according to a memo from state regulators. Earlier this month, a state agency projected that the first adult-use marijuana shops would open in June, three months later than the initial forecast. But now that timetable may be overly optimistic. “Several communities […]

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