Dispensary/Retail Store Business News

Alaska delays discussion on onsite recreational cannabis use

Alaska’s marijuana regulators have postponed until June action on draft rules for allowing people to consume adult-use cannabis in authorized retail stores. Erika McConnell, the director of the Alcohol and Marijuana Control Office, had recommended that the Marijuana Control Board put the draft regulations out for public comment. But the board unanimously opted to wait […]

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Malta legalizes marijuana prescriptions; production law nears approval

Malta recently became the latest country to legalize medical cannabis prescriptions, and a separate law to permit production is within months of final approval. The Drug Dependence Bill received approval from of the House of Representatives on March 6 and was signed into law by President Marie-Louise Coleiro Preca on March 9. The legislation does […]

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Canadian analysts eye ‘catalysts’ to reverse cannabis stock freefall

Canadian cannabis stocks are down over 40% since peaking in early January, leading analysts to speculate about what might ultimately trigger a rebound. The Canadian Marijuana Index, a basket of the leading cannabis stocks operating in Canada, is 40% off its peak, or a loss of nearly 15 billion Canadian dollars ($12 billion) in market […]

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Nova Scotia unveils recreational marijuana legislation

Nova Scotia became the latest province in Canada to unveil its legislative framework for recreational cannabis, laying down the ground rules for sales and consumption. While the bill leaves retail entrepreneurs on the sidelines, Nova Scotia boasts tax credits and affordable real estate that could benefit ancillary businesses ranging from cultivation equipment and packaging to security and […]

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Florida medical cannabis company sues state to remove dispensary limit

Trulieve, one of Florida’s fastest-growing medical marijuana businesses, is suing the state to allow the company to launch more dispensaries. According to Florida Politics, Trulieve has lobbed a “constitutional challenge” at the Florida health department over how many stores it can open and where they can be located. Here’s what you need to know: Trulieve’s complaint, […]

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MA application process for recreational marijuana retailers opens

Massachusetts medical marijuana dispensaries hoping to also do business in the recreational market can begin applying for licenses April 2.

According to TV station WCVB, under the Cannabis Control Commission’s final rules, which went into effect Thursday, the state is offering “priority certification” to operating MMJ dispensaries that want to operate adult-use stores and prospective marijuana businesses that seek to operate in low-income or minority communities that were disproportionately affected by the so-called war on drugs.

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Michigan orders 210 medical marijuana businesses to close

Michigan regulators said Thursday that they ordered the closure of 210 medical marijuana businesses over a two-week period, largely because the owners failed to apply for a state license by a mid-February deadline or did not receive authorization from their municipalities. Most of the shops – 158 – were in Detroit. Authorities also hand-delivered orders […]

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Ohio company wins contract to build Alberta’s cannabis website

An Ohio company has been selected to develop Alberta’s online platform for recreational cannabis sales. OnX Enterprise Solutions, headquartered in Cincinnati, will be responsible for building and managing the platform for three years, with options to extend the term up to 10 years. Alberta will pay OnX 15.8 million Canadian dollars ($12.3 million) for the […]

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Two successful applicants ask AR judge to lift order stopping medical marijuana licensing

Two of five companies that were slated to receive Arkansas’ first licenses to grow medical marijuana asked a state judge to lift his order halting the permitting process. Natural State Wellness Enterprises and Delta Medical Cannabis Company filed a motion requesting that Pulaski County Circuit Judge Wendell Griffen vacate his order preventing Arkansas from issuing […]

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Medical cannabis dispensary offers to help Rhode Island plug budget hole

Rhode Island’s largest medical marijuana dispensary has offered to help the state find a way to come up with $5 million.

According to the Providence Journal, a representative of the Thomas C. Slater Compassion Center told House lawmakers the dispensary would help the state find a “solution” to the state’s budget problems.

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Fourth Canadian pharmacy chain plans medical marijuana sales

A large network of independently owned pharmacies in Canada is securing medical cannabis supply, becoming the fourth pharmacy chain to launch efforts to enter the fast-growing MMJ market.

Pharmasave, which operates a network of 650 stores across Canada, signed a letter of intent with British Columbia-based medical marijuana cultivator Zenabis for the supply of MMJ.

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New Jersey adds five categories to medical marijuana program

New Jersey’s medical marijuana program is undergoing a significant expansion, including the addition of five categories of conditions treatable by MMJ.

According to New York TV station WABC, Gov. Phil Murphy signed off Tuesday on the addition of chronic pain related to musculoskeletal disorders, migraines,
anxiety, chronic visceral pain and Tourette syndrome.

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