Dispensary/Retail Store Business News

California regulators OK statewide marijuana delivery in draft of final rules

In the final drafts of California’s cannabis business regulations, regulators approved statewide marijuana deliveries, even in areas that ban cannabis. The rules will not be completely finalized until approved by the Office of Administrative Law (OAL), which may not be until sometime in January. Many believe statewide delivery – one of the most debated issues involving […]

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Cannabis shortages plague Canadian retailers; here’s how they’re responding

As the Canadian cannabis industry struggles to provide enough supply to meet exuberant demand since recreational use became legal, private retailers are faced with their own challenge: how to stay in business. Many store owners in Alberta, Manitoba and Newfoundland have closed their doors as they await marijuana shipments, while others are considering different courses […]

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Boston-based marijuana firm Ascend Wellness closes $40 million funding round

Boston-based cannabis company Ascend Wellness has closed a $40 million funding round – capital the firm plans to use to build out its multistate footprint. Poseidon Asset Management, Salveo Capital, JM10 Partners and Shire Capital Advisors led the funding round. Ascend has licenses in three states: Illinois, Massachusetts and Michigan. More details on the funding […]

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Acreage inks $160 million acquisition of Oregon cannabis firm

Acreage Holdings has inked a $160 million deal to acquire Form Factory, a Portland, Oregon-based marijuana infused edibles manufacturer and distributor. The all-stock deal will boost Acreage’s footprint from 18 to 19 states and position the firm as a multistate consumer packaged goods firm, said George Allen, president of the New York-based company (CSE: ACRG.U). […]

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Massachusetts recreational marijuana stores bring in $2.6M in second week of sales

The newly launched adult-use cannabis market in Massachusetts hit $2.6 million in sales during the second week of sales, according to figures released by the state’s Cannabis Control Commission. Data also shows that since Massachusetts’ recreational marijuana market launched Nov. 20, there have been just over $4.8 million in sales at the two stores that […]

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Pennsylvania may expand medical cannabis qualifying conditions list

It may soon become easier for more patients to purchase medical cannabis in Pennsylvania, a development that could boost dispensary sales. The state’s Medical Marijuana Advisory Board approved a new process for adding medical ailments to the list of treatable conditions, the Tribune-Review reported. In coming weeks regulators will start accepting petitions for new conditions […]

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California cannabis vape cartridge makers facing counterfeit products hurdle

Mainstream industry brands have long contended with product knockoffs ranging from North Face jackets to Rolex watches. Now the problem is increasingly appearing in the marijuana industry – with vaporizer cartridges a key target. The issue can be a major headache for targeted companies. Counterfeiting can result in lost sales and downward pressure on the […]

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L.A.-based marijuana firm OG DNA Genetics inks $35 million raise

OG DNA Genetics of Los Angeles has raised a total of $35 million through two initial equity financing deals. The company said it plans to use the proceeds to expand its operations in California, where it manufactures and distributes its branded DNA indoor-grown flower, pre-rolled joints, vaporizer cartridges and concentrates. More details about the funding […]

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Multistate cannabis firm Cresco Labs launches trading on CSE

Chicago-based Cresco Labs began trading Monday on the Canadian Securities Exchange, adding its name to the rapidly growing list of U.S.-based firms that are going public in Canada. Here’s what you need to know: Cresco Labs will trade on the CSE under the ticker symbol CL. Shares of the multistate marijuana company opened at 8 Canadian […]

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