Dispensary/Retail Store Business News

Vicious battle erupts over plans for $100M cannabis grow facility in Massachusetts

A Central Massachusetts farmer is embroiled in a bitter fight with the local community over plans to sell his property for construction of a $100 million marijuana cultivation facility. Nathan Benjamin Jr. lost his barn and winery, located in the town of Charlton, to a fire three years ago and has since turned to the cannabis […]

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On cusp of legalization, Canadian cannabis stockpiles hit record

Licensed producers of marijuana in Canada have stored away a record amount of cannabis in the months leading up to legalization, yet analysts still anticipate a significant shortage after initial inventories are depleted – particularly of highly sought-after strains. According to new data from Health Canada, the country’s 100-plus licensed producers accumulated 96,700 kilograms of […]

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MedMen expands into Arizona medical marijuana market via acquisition

Los Angeles-based MedMen Enterprises is expanding  into Arizona’s large medical marijuana market after striking a deal with WhiteStar Solutions to acquire Monarch, a vertically integrated MMJ business with operations in Scottsdale and Mesa. The deal – inked for an undisclosed sum – will pay 80% in stock and 20% in cash and underlines the fact investors […]

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Washington state cannabis retailer faces second suspension since 2016

A Washington state sting operation resulted in one marijuana dispensary having its license suspended for the second time since 2016. An employee of Greenway Marijuana in Port Orchard sold marijuana pre-rolls to an 18-year-old woman who was helping conduct a compliance check for the state Liquor and Cannabis Board (LCB), the Kitsap Sun reported. The legal […]

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Bid to amend OK medical cannabis rules began before residents voted on initiative

Records show that attempts to amend Oklahoma’s medical marijuana law with rules that would have hampered the state’s MMJ market began weeks before residents even voted on the issue. The amendments – which were ultimately reversed by the Oklahoma Board of Health in August – would have banned smokable forms of marijuana and required dispensaries […]

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Acreage, Harvest win medical cannabis dispensary licenses in North Dakota

A couple of large, multistate players won North Dakota’s first medical marijuana dispensary licenses, snagging permits for the state’s two biggest cities as the industry edges closer to launching operations by late this year or early 2019. A state review panel awarded dispensary licenses in: Fargo: The permit went to Acreage North Dakota, which is […]

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Build it and they will come? Cannabis entrepreneurs wager big bucks on social consumption venues

Applicants for marijuana social consumption licenses across the United States are betting that consumers will want to patronize a public venue where they can consume cannabis with other users.

Entrepreneurs who pursue this new niche sector are likely to wager hundreds of thousands of dollars to get their businesses off the ground, according to industry executives.

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Cannabis firm Tilray cuts ties with Namaste Technologies following pledge party

A reportedly racy shareholder party hosted by Namaste Technologies has cost the Toronto company its business ties with fast-growing cannabis producer Tilray.

Officials with Tilray confirmed in an email to Marijuana Business Daily that it had “ended its relationship” with Namaste after a highly publicized “pledge party” the firm held for stockholders who promised not to sell company shares for 90 days.

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Marijuana company Curaleaf looking for $4 billion valuation

Massachusetts-based Curaleaf, a vertically integrated cannabis company, is seeking a valuation of up to $4 billion. According to Bloomberg, the company entered into a reverse takeover when Canada’s Lead Ventures combined with PalliaTech in August and changed its name to Curaleaf. The company plans to offer subscription receipts – which can be exchanged for common […]

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Week in Review: MJardin’s reverse takeover, California’s marijuana testing woes & Alaskans’ taste for high-THC goods

MJardin becomes the latest U.S. cannabis company to go public in Canada through a reverse takeover, nearly 20% of marijuana products in California fail tests for potency and purity, and Alaskans’ preference for high-THC products could bankrupt some growers. Here’s a closer look at some notable developments in the cannabis industry this week. Buyer beware […]

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Marijuana officials warn MA pesticide crackdown could stymie MMJ industry

Massachusetts medical marijuana industry officials cautioned that a crackdown by state regulators on their use of pesticides, including natural compounds used by the organic food industry, could hamstring cultivators and curb MMJ supplies. The Boston Globe reported that state health department inspectors shuttered Colorado-based medical cannabis firm Good Chemistry’s growing, processing and retail operations in Massachusetts […]

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