Licensed medical marijuana growers in Illinois would be able to supply adult-use cannabis for four years after legalization, according to a report commissioned by licensed MMJ businesses. However, the study noted, a significant increase in the number of retail licenses is needed to meet consumer demand. The industry report contradicts a Legislature-commissioned study that predicts Illinois’ […]Read More
Arkansas marijuana entrepreneurs took note as the state Senate passed two bills aimed at restricting medical cannabis’ desirability to children by limiting certain edibles and restricting MMJ advertising. The two bills passed Tuesday codify rules already spelled out by the state’s Alcoholic Beverage Control Division. The measures were sent to the state House for consideration. […]Read More
Nevada cannabis dispensary owners are calling for more training on the state’s mandatory seed-to-sale cannabis tracking software after a state-led audit of marijuana businesses found discrepancies between sales reports and tax returns. According to The Nevada Independent, the Nevada Dispensary Association pointed out the inaccurate entries and “confusion over batching and tagging during program’s rollout” […]Read More
Vireo Health, a Minnesota-based multistate operating cannabis company, started trading Wednesday on the Canadian Securities Exchange. Vireo has growing, dispensary and processing operations in six states. Vireo is trading under the ticker symbol VREO. More details can be found here.Read More
Kevin Currier has lost sleep over the prospect of vertically integrating his new marijuana business in Michigan.
A Michigan resident, Currier applied for a medical cannabis retail license in Grand Rapids while the state transitions to a recreational market.
But he often wonders whether vertical integration – having a cultivation and retail component to a company – would better position him for success.Read More
Massachusetts-based Curaleaf, a vertically integrated cannabis operator, agreed to buy Acres Cannabis for $70 million in a cash and stock deal. Acres Cannabis currently operates 269,000 square feet of cultivation facilities in Nevada with plans to expand that to more than 400,000 square feet. The company also has a flagship dispensary in Las Vegas and […]Read More
Alaska’s lieutenant governor signed into law rules to allow on-site consumption of marijuana at some licensed retailers, becoming the first state to legalize social cannabis consumption.Read More
Michigan regulators expanded the state’s list of qualifying illnesses for medical marijuana use by adding cerebral palsy. The decision is expected to bring more patients into the state’s medical cannabis program and thus broaden the number of customers that MMJ companies can reach. Michigan has more than 294,000 medical marijuana cardholders, the Detroit Free Press […]Read More
Missouri regulators will license more medical cannabis businesses if the first wave of more than 300 doesn’t satisfy demand. Lyndall Fraker, medical marijuana program director for the Missouri Department of Health and Senior Services, said the state is willing to take any necessary steps to provide adequate supply to patients. For more details about Missouri’s […]Read More
Tumbling wholesale cannabis prices in some markets are devastating plant-touching operators and generating negative fallout for ancillary companies that provide services and products to those businesses. In order for supplementary companies such as accountants, consultants and security firms to continue to grow and maintain healthy revenue streams, some owners are looking to emerging cannabis markets […]Read More
San Francisco-based cannabis tech company Eaze made its first on-demand delivery expansion outside California by launching its online platform in Portland, Oregon, through a partnership with Kaleafa – a family-owned dispensary located in the city. In a statement, Eaze President Ro Choy called the development a “pivotal moment” for a company that is said to have supported […]Read More
Britain’s first dedicated medical marijuana clinic opened in Manchester, setting the groundwork for wider use of MMJ in the country and sparking criticism from some quarters of the medical community. More clinics are expected to open in London and Birmingham later this spring, according to a news release. Only a handful of patients have had access […]Read More
- May 22, 2019
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