Dispensary/Retail Store Business News

News on MMJ Dispensaries & Retail Stores

Poll: Canadians want private sector involved in cannabis retail

Sixty-five percent of current and potential cannabis consumers in Canada believe licensed growers should be allowed to open retail stores once recreational marijuana is legalized next year, according to a new poll. The Oraclepoll Research survey also found that 63% of respondents would prefer to purchase cannabis products in a retail environment. The poll, involving 5,000 […]

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Pennsylvania medical cannabis firm kicks off $500K marketing push

In a first for Pennsylvania, a marijuana cultivation and dispensary business has launched a cannabis marketing campaign.

Cresco Yeltrah – which is affiliated with Illinois-based Cresco Labs – is spending roughly $500,000 on billboards, magazine and newspaper advertisements as well as a social media campaign, the Pittsburgh Post-Gazette reported.

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Vermont issues fifth medical marijuana business license

Vermont may soon see its medical marijuana dispensary total double thanks to a law designed to expand the state’s small MMJ program. PhytoScience Institute has been granted a preliminary MMJ dispensary license, according to The Barre-Montpelier Times Argus. Once the company meets state regulators’ requirements for full approval, it has six months to acquire the necessary permits and […]

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Montana medical marijuana dispensary beats city ban – for now

One of two medical marijuana dispensaries in Billings, Montana, has won at least a temporary stay of execution. Montana Advanced Caregivers has won a preliminary injunction against a new city ordinance prohibiting dispensaries within city boundaries, meaning the dispensary will be allowed to continue operating until the district court can hold a hearing on the matter. A […]

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Maine’s smoking rules may hamper cannabis consumption clubs

Maine is poised to become one of the first states to allow public consumption in social clubs, but a key restriction could handicap potential marijuana clubs: no smoking. According to the Portland Press Herald, a bill to establish regulations covering Maine’s recreational marijuana industry doesn’t provide an exemption to a state law banning smoking in general […]

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Washington DC medical marijuana firm raises $3 million in financing

Holistic Industries, a medical marijuana company based in Washington DC, has raised $3 million from a pair of investment firms with ties to Florida’s MMJ industry. Franklin Street, which has principals in Florida and Georgia, partnered with the private fund adviser Full Moon Investments to finance the deal, according to a news release. The transaction […]

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Ontario mulls pricing recreational marijuana at CA$10 per gram

The Ontario government is considering setting the retail price of recreational marijuana at around 10 Canadian dollars per gram ($8.10) come legalization next summer, raising the question of whether the price will be low enough to deter consumers from going to the black market for cheaper product. Experts are warning provinces to keep their legal marijuana […]

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Ohio to begin taking medical cannabis dispensary applications

Ohio regulators will soon be taking applications for the 60 medical marijuana dispensary licenses up for grabs in the state. Prospective dispensary owners will have a two-week window – Nov. 3-Nov. 17 – to submit their applications, The Columbus Dispatch reported. Each applicant will pay a $5,000 fee. License winners will fork out a $70,000 operating […]

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How to sell your marijuana business: Q&A with GRN Funds CEO Justin Costello

Valuating a cannabis business requires coming up with creative comparisons to established industries, such as tulips and wine. That’s the space Justin Costello operates in. The CEO of Seattle-based GRN Funds, he brings years of experience making deals in the investment banking sector and said he has completed 80-plus cannabis deals.

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MA holding company helps Israeli MMJ firm expand US reach

Medical marijuana research firm Tikun Olam has expanded its partnership with a canna-centric Massachusetts holding company that will eventually increase the Israeli business’ U.S. footprint to seven states. Under its new agreement with Newton, Massachusetts-based holding company MariMed, Tikun Olam’s MMJ products will be grown, manufactured and sold in four states where MariMed has a presence – […]

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Arkansas receives 300 applications for medical cannabis licenses

Arkansas received roughly 300 applications for medical marijuana business licenses, including about 200 on the final day the paperwork could be submitted. The Department of Finance and Administration took in 200-plus applications Monday on top of the roughly 100 that had been submitted since the process began, the Arkansas Democrat-Gazette reported. The turnout likely was […]

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