Dispensary/Retail Store Business News

Week in Review: CBD trademark suit, Vermont’s fifth MMJ licensee & DEA chief quitting

John Schroyer  | September 29, 2017

By Kristen Nichols, Bart Schaneman and John Schroyer 

Actress Jessica Alba files a trademark infringement lawsuit against a CBD supplements company, Vermont awards its fifth medical marijuana business license, and DEA chief Chuck Rosenberg is leaving his post.

Here’s a closer look at some notable developments in the marijuana industry over the past week.

Poll: Canadians want private sector involved in cannabis retail

Matt Lamers  | September 27, 2017

Sixty-five percent of current and potential cannabis consumers in Canada believe licensed growers should be allowed to open retail stores once recreational marijuana is legalized next year, according to a new poll.

The Oraclepoll Research survey also found that 63% of respondents would prefer to purchase cannabis products in a retail environment.

The poll, involving …

Pennsylvania medical cannabis firm kicks off $500K marketing push

Omar Sacirbey  | September 27, 2017

In a first for Pennsylvania, a marijuana cultivation and dispensary business has launched a cannabis marketing campaign.

Cresco Yeltrah - which is affiliated with Illinois-based Cresco Labs - is spending roughly $500,000 on billboards, magazine and newspaper advertisements as well as a social media campaign, the Pittsburgh Post-Gazette reported.

Vermont issues fifth medical marijuana business license

Kristen Nichols  | September 26, 2017

Vermont may soon see its medical marijuana dispensary total double thanks to a law designed to expand the state’s small MMJ program.

PhytoScience Institute has been granted a preliminary MMJ dispensary license, according to The Barre-Montpelier Times Argus. Once the company meets state regulators’ requirements for full approval, it has six months …

Washington DC medical marijuana firm raises $3 million in financing

Bart Schaneman  | September 22, 2017

Holistic Industries, a medical marijuana company based in Washington DC, has raised $3 million from a pair of investment firms with ties to Florida’s MMJ industry.

Franklin Street, which has principals in Florida and Georgia, partnered with the private fund adviser Full Moon Investments to finance the deal, according to a news release.

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Ontario mulls pricing recreational marijuana at CA$10 per gram

Matt Lamers  | September 22, 2017

The Ontario government is considering setting the retail price of recreational marijuana at around 10 Canadian dollars per gram ($8.10) come legalization next summer, raising the question of whether the price will be low enough to deter consumers from going to the black market for cheaper product.

Experts are warning provinces to keep …