Dispensary/Retail Store Business News

Oregon to suspend processing of new recreational cannabis licenses

In response to Oregon’s oversupplied recreational marijuana market and a backlog of applications, state regulators will temporarily discontinue processing new adult-use licenses effective June 15. Marijuana businesses in Oregon have experienced plummeting wholesale cannabis prices – they’ve dropped as low as $50 a pound for flower – and the move to keep new businesses from […]

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Possible Massachusetts recreational marijuana license delay shouldn’t slow sales launch

The Massachusetts Cannabis Control Commission is allowed by state law to start issuing recreational marijuana business licenses June 1, but the agency’s top regulator suggested the first permits probably won’t be issued until a couple of weeks after that. Such a delay is not expected to hold up the launch of Massachusetts’ recreational marijuana market, which is […]

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Cultivation applicants in Canada soar, but cannabis shortage looms

The number of applicants to cultivate cannabis in Canada rose 160% in the first quarter of 2018, as the industry ramps up for legalization late this summer. But the newest applicants aren’t expected to have product on store shelves until 2019 at the earliest because of the time required to get a sales license.

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New York medical cannabis company Etain expanding into California

One of New York state’s 10 medical cannabis companies is expanding into California with plans to enter the Golden State’s recreational market. Etain Health, one of New York’s first five MMJ business license winners in 2015, is collaborating with West Sacramento Management Group, a licensed California cannabis distributor, the Sacramento Business Journal reported. Hillary Peckham, Etain’s […]

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Benefits of due diligence: Q&A with GB Sciences CEO John Poss

John Poss is a self-described rough-water sailor who has made a career of righting the ship for sinking companies.

With three decades of experience consulting for companies undergoing major upheavals, he decided three years ago to dive into the cannabis industry.

Since then, as CEO of Las Vegas-based cannabis company GB Sciences, Poss has partnered with universities in the United States and abroad.

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California’s legal marijuana businesses blow whistle on unlicensed operators

A number of permit-holding marijuana retailers in California view unlicensed competitors as serious threats.

While fully compliant cannabis retailers across California are being forced to pass high tax rates on to their customers, some brazen unlicensed dispensaries advertise that they don’t pay state or local taxes, meaning their marijuana is far cheaper than prices at law-abiding shops.

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Four takeaways as Big Alcohol makes another foray into Canada’s cannabis market

Industry observers have predicted more moves by Big Alcohol into the Canadian marijuana market. And that business forecast continues to prove on point with the groundbreaking announcement that North America’s largest wine and spirits distribution company signed an agreement to become the exclusive product distributor for one of Canada’s largest licensed cannabis producers. Under the agreement, […]

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