Dispensary/Retail Store Business News

Newfoundland to hand cannabis sales to private sector

(Update: The government of Newfoundland and Labrador said private retailers will be used to sell cannabis.) Newfoundland and Labrador might allow privately owned stores to sell recreational marijuana, a move that would open up significant retail opportunities for entrepreneurs in the province. If the plan is approved, Newfoundland would become the first province east of Manitoba […]

Read More

Rhode Island dispensary owner fears Massachusetts’ recreational cannabis

At least one of Rhode Island’s three medical cannabis dispensary chiefs is afraid the launch of the Massachusetts recreational market will be the death of his business. Seth Bock – the CEO of Greenleaf Compassionate Care Center in Portsmouth – told a Rhode Island legislative committee that unless officials make changes to the MMJ program, […]

Read More

Florida MMJ businesses can only watch as 50K try to join lagging program

More than 50,000 patients have attempted to register for medical cannabis ID cards in Florida, but it appears many are being forced to wait months before receiving those cards. According to WFLA, a total of 50,284 patients have submitted registration forms, but only 29,778 cards have been issued so far. And a number of patients […]

Read More

Michigan capital to start medical cannabis licensing Nov. 16

Michigan’s capital city of Lansing will open a 30-day window to apply for a license to run a medical marijuana dispensary on Nov. 16. The Lansing clerk’s office said 20 applicants will be conditionally approved to open for business after the Dec. 15 deadline. However, the winners won’t be given licenses until they receive approval […]

Read More

Study: MJ monopolies cut government revenue

A private system of retailing cannabis would open up “unprecedented business opportunities” and generate more revenue for Alberta’s government than a publicly owned monopoly, according to a local business group. A private model based on the province’s liquor system – which is overseen by the Alberta Gaming and Liquor Commission (AGLC) – avoids the expense of […]

Read More

Alberta to hand marijuana sales to private sector

Alberta’s adult-use marijuana will be sold in private brick-and-mortar stores, according to the Calgary Herald, putting the province in a position to offer one of Canada’s hottest business opportunities for MJ entrepreneurs once cannabis sales begin next summer. The Edmonton Chamber of Commerce said the move would open unprecedented business opportunities, noting that “Alberta’s entrepreneurs are ready, willing […]

Read More

IBM suggests blockchain for tracking Canadian marijuana

Tech titan IBM is pitching blockchain technology as a supply-management tool for British Columbia’s recreational and medical cannabis industry, a possible sign that Big Blue is eyeing Canada as a way to enter the marijuana sector. IBM submitted a paper to British Columbia after the government requested suggestions for its forthcoming marijuana legislation. The Armonk, […]

Read More

Leading US marijuana retailer LivWell takes ‘significant’ ownership stake in Canadian producer

One of the largest marijuana retailers in the United States has acquired a “significant” equity stake in an Alberta cannabis producer, a move that could pave the way for other U.S. companies to enter the Canadian market. Denver-based LivWell Enlightened Health purchased the undisclosed stake in Lethbridge, Alberta-based 51st Parallel, Marijuana Business Daily has learned.

Read More

Manitoba gives private sector a retail role in recreational marijuana

Manitoba became the first province in Canada to carve out a space for the private sector to participate in recreational marijuana sales, unveiling a “hybrid” model that gives entrepreneurs and the public sector a role. The ruling Progressive Conservative party resisted pressure from public-sector unions to hand marijuana sales exclusively to civil servants. The Manitoba […]

Read More

North Dakota’s MMJ program won’t be ready for at least a year

North Dakota regulators are proposing rules that would allow for the sale of medical cannabis in “11 to 13 months,” Valley News Live reported. Under the proposed rules – filed by the state health department with the Legislative Council – prospective dispensaries, manufacturers and testing labs won’t be able to apply for licenses until April […]

Read More