Dispensary/Retail Store Business News

How to sell your marijuana business: Q&A with GRN Funds CEO Justin Costello

Kevin Huhn  | September 20, 2017

By Bart Schaneman

Valuating a cannabis business requires coming up with creative comparisons to established industries, such as tulips and wine.

That’s the space Justin Costello operates in. The CEO of Seattle-based GRN Funds, he brings years of experience making deals in the investment banking sector and said he has completed 80-plus cannabis deals.

MA holding company helps Israeli MMJ firm expand US reach

Omar Sacirbey  | September 20, 2017

Medical marijuana research firm Tikun Olam has expanded its partnership with a canna-centric Massachusetts holding company that will eventually increase the Israeli business’ U.S. footprint to seven states.

Under its new agreement with Newton, Massachusetts-based holding company MariMed, Tikun Olam’s MMJ products will be grown, manufactured and sold in four states where MariMed has …

Nevada Supreme Court halts cannabis distribution licensing

John Schroyer  | September 15, 2017

Nevada’s marijuana distribution court fight will last at least another few weeks.

On Friday, the Nevada state Supreme Court issued a temporary injunction prohibiting the Department of Taxation from issuing any more marijuana distribution licenses, in a move that could extend supply chain problems for cannabis retailers in the short term. Oral arguments …

Deadline looms for businesses to submit comments to FDA on CBD

Roger Fillion  | September 13, 2017

Producers and retailers of CBD products have a few more days to try to discourage international health regulators from classifying the substance as a psychotropic drug.

The U.S. Food and Drug Administration announced last month it wants comments about CBD to send to the World Health Organization. The deadline for comments has been extended a week …

Slow-moving Massachusetts a concern for recreational marijuana launch

Omar Sacirbey  | September 12, 2017

By Omar Sacirbey

Many Massachusetts cannabis advocates are worried that a regulatory agency heavy on members who voted against legalization may try to undermine the state's nascent recreational marijuana industry.

But a far bigger worry, it seems, is that "in Massachusetts, things tend to move really slow."

Iowa attorney general halts medical cannabis oil import plan

Omar Sacirbey  | September 11, 2017

An unusual attempt by Iowa to work with another state to transport medical marijuana oil across state lines is on hold amid legal concerns it could invite scrutiny from the federal government.

Iowa’s MMJ law, updated this year, mandates that the state license two cannabis oil producers and five dispensaries in the state by …

Ontario to launch state-run retail marijuana outlets

Matt Lamers  | September 8, 2017

Marijuana will be sold in Ontario through a chain of government-run stores, all existing medical cannabis dispensaries will be closed, and consumption will be limited to private homes, Ontario’s Liberal government said Friday in announcing the province’s framework governing recreational MJ.

The measures effectively shut the door to private businesses in the retail space and …