Marijuana Dispensary & Cannabis Store News

Dozens may apply as Utah opens medical marijuana dispensary licensing round

Utah officials expect “dozens” of individuals and businesses to apply to serve the state’s relatively small market with a total of 14 medical cannabis dispensaries. The application process remains open until Dec. 2, with state officials aiming to announce winners in time to launch the first phase of the program on March 1. Rich Oborn, […]

Read More

CEO Berman leaves cannabis firm Harborside; board chair picked as interim

One of the most well-known and longest-operating cannabis dispensary owners in the nation, California-based Harborside, announced Monday that its CEO has stepped down and a new interim chief executive officer was appointed. Andrew Berman, who has served as CEO, president and board member since January 2018, relinquished the reins of the Oakland, California-based company, effective […]

Read More

Massachusetts marijuana firm settles Boise Cascade logo dispute

New England Treatment Access (NETA), a Massachusetts medical and recreational marijuana company, settled a lawsuit with Boise Cascade, an Idaho lumber business, over a logo trademark dispute. A spokesman for NETA, which owns two cannabis retail stores, said in a statement that the dispute with Boise Cascade “has been resolved amicably,” Masslive.com reported. The terms of the […]

Read More

Michigan adult-use cannabis market likely won’t launch until spring

Michigan regulators will start taking recreational marijuana business applications on Nov. 1, but sales aren’t expected to begin until March or April at the earliest. There are a number of factors delaying the launch, according to the Detroit Free Press, including: The state is concerned about a medical cannabis shortage and hasn’t yet decided if […]

Read More

Sales of marijuana edibles up in at least four states in wake of vape health scare

The vaping health crisis apparently has been good for the marijuana edibles sector, a sign that consumers are funneling more money into infused products instead of vaporizers. Since the first vape-related death was reported in August, retail sales of edibles have climbed steadily in four states while those of vaping products have declined, though the […]

Read More

Turmoil abounds over Los Angeles’ latest marijuana business licensing and its social equity program

Los Angeles’ latest marijuana business licensing round – which opened last month and has yet to award any retail permits – has many hopeful applicants outraged and threatening to take drastic action if major changes aren’t made. Hundreds reportedly appeared Thursday for the city’s Cannabis Regulation Commission meeting, where allegations of corruption, incompetence, and basic […]

Read More

Acreage Holdings inks $72 million cannabis real estate deal

Acreage Holdings, a multistate marijuana operator, signed a sale-leaseback deal valued at more than $72 million for cannabis facilities in several states with GreenAcreage Real Estate, a real estate investment trust (REIT) that focuses on the MJ space. New York-based Acreage Holdings said on Friday it already closed deals with GreenAcreage for facilities in Florida, […]

Read More

Cannabis giant Trulieve signs $17 million Florida warehouse leaseback deal

Innovative Industrial Properties, a real estate investment trust (REIT) that focuses on buying and leasing warehouses in the marijuana space, paid $17 million to Trulieve Cannabis for a five-building cultivation facility in Florida. Trulieve will lease back the 150,000-square-foot marijuana cultivation centers in Quincy, Florida, from IIP. The initial lease is for 10 years, with […]

Read More

Green Growth Brands loses $64 million amid marijuana dispensary delays

Ohio-based CBD and cannabis company Green Growth Brands recorded a loss of more than $64 million for its fiscal year as it faced higher-than-expected capital expenditures and delays in building out its Nevada dispensaries. The company did not list its results from the previous year – it became a publicly traded company in January. Green Growth […]

Read More