Dispensary/Retail Store Business News

Two companies form ‘Canada’s first’ retail-focused craft cannabis producer

Two British Columbia-based marijuana companies agreed to a merger, creating what they’re billing as Canada’s first retail-focused, craft cannabis producer. DOJA Cannabis, traded on the Canadian Securities Exchange, and Tokyo Smoke are joining forces to form Hiku Brands Company Ltd. Under the terms of the deal, DOJA will purchase all of the issued and outstanding […]

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Canada’s largest pharmacy locks up more medical cannabis supply

Canada’s largest pharmacy chain signed up another major supplier of medical marijuana, further cementing what analysts called the “groundbreaking” entry of traditional pharmacies into the MMJ industry earlier this month. The latest deal has Shoppers Drug Mart entering an agreement to obtain an undisclosed amount of medical cannabis from MedReleaf Corp. MedReleaf, based in Markham […]

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Government survey: Canadian recreational users spending CA$75 a month on marijuana

The Canadian cannabis industry has its clearest picture yet of the habits and behavior of the nation’s marijuana users, thanks to a newly released 2017 survey conducted by Health Canada ahead of next year’s recreational legalization. The findings from the Canadian Cannabis Survey suggest that marijuana demand will be greater than earlier government estimates have projected once […]

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Alaska shuts down marijuana edibles maker for multiple alleged violations

In an unprecedented move, Alaska’s marijuana control agency is revoking the license of a marijuana edibles manufacturer that was accused of selling moldy products. The state’s Alcohol and Marijuana Control Office board voted unanimously to revoke the license of Fairbanks-based Frozen Budz and to fine the company $500,000, the Juneau Empire reported. Erika McConnell, director of […]

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Marijuana Business Daily’s annual cannabis industry survey extended to Dec. 22

The deadline for executives and major investors in the cannabis industry to participate in Marijuana Business Daily’s annual industry survey has been extended until Friday, Dec. 22. Owners, founders and executives with dispensaries/retail stores, commercial cultivation operations, infused product manufacturers, testing labs and ancillary firms as well as investors that fund cannabis companies are invited to […]

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New Mexico medical marijuana businesses see big spike in patient pool

New Mexico saw a 77% increase in registered medical marijuana patients in the past year, giving the state’s dispensaries a significantly larger pool from which to attract customers. New Mexico’s registered patients totaled 45,347 as of Nov. 30, a net gain of 19,650 over the previous year, according to the Las Cruces Sun-News. Here’s what you need […]

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Marijuana entrepreneurs already lining up for New Jersey’s looming recreational market

New Jersey can’t even begin the recreational cannabis legalization process until mid-January, but marijuana entrepreneurs across the country are descending on the Garden State in hopes of getting a first-mover’s advantage in what could become one of the most buoyant markets on the East Coast. Indeed, many marijuana businesses already have a presence in New Jersey, […]

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Third Canadian pharmacy strikes pact to be a medical marijuana supplier

Another Canadian pharmacy company has jumped into the medical marijuana business by locking up a supply agreement with a licensed producer, bringing to three the number of chain operators angling to enter the MMJ industry. Toronto-based Maricann Group has signed an exclusive deal with Lovell Drugs, Ontario’s oldest pharmacy chain. Financial terms were not disclosed. And unlike […]

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Uruguay ups THC limit as recreational cannabis customer base grows

Uruguay’s government has increased its THC limit for recreational customers from 2% to 9%, meaning the country is a step closer to a full-strength adult-use program. Five months after the launch of recreational cannabis sales, more than 16,000 Uruguayans have registered to buy marijuana, The Independent reported. Roughly 5,000 had signed up for the rec program […]

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Denver gets first marijuana social-use applicant

More than a year after Denver voters approved marijuana social-use lounges, the city has its first applicant – a coffee shop that plans to allow vaping and the consumption of cannabis edibles. The Coffee Joint’s application comes more than five months after Denver finalized rules for social-use clubs. The rules are so restrictive that some […]

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Senator raises specter of recreational cannabis legalization delay in Canada

Canada’s recreational marijuana industry might not be up and running until the end of 2018, an opposition senator has indicated, raising the specter of a months-long delay that would have major ramifications for businesses up and down the cannabis supply chain. “The costs of missing that deadline would be severe,” according to The Globe and […]

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First Nations in Canada want more control over legalized marijuana

Canada’s First Nations are demanding the right to regulate the sale and distribution of recreational marijuana in their communities, and some near urban areas want to adopt more business-friendly rules to create jobs and earn revenue. Chiefs representing some 630 reserves at the Assembly of First Nations last week were in general agreement that they, […]

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