Dispensary/Retail Store Business News

Washington state cannabis retailer charged with illegally offering free samples

Washington state regulators claim that a marijuana store in Lacey gave undercover officers the opportunity to take free samples and try the product in an unlicensed portion of the building. Enforcement officers with the state’s Liquor and Cannabis Board (LCB) searched the building containing Dank’s Wonder Emporium last month after receiving complaints, The Olympian reported. LCB spokesman […]

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Facebook, Instagram deactivate accounts for some MA cannabis businesses

Facebook and Instagram accounts for at least six marijuana companies in Massachusetts have reportedly been deactivated, including Cultivate and New England Treatment Access (NETA), which were the first two stores in the state allowed to begin selling recreational cannabis on Nov. 20. Cultivate Chief Operating Officer Robert Lally told community members at a meeting held to discuss traffic snarls […]

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Week in Review: NJ adult-use cannabis bills advance, OH credit union plans MMJ banking & MA recreational sales boom

New Jersey legislative committees advance potentially groundbreaking adult-use cannabis legislation, an Ohio credit union offers limited banking services to medical marijuana companies, and sales are booming at Massachusetts’ first two recreational MJ stores. Here’s a closer look at some notable developments in the marijuana industry this week. Garden State marijuana legislation moves Cannabis businesses are […]

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Alaska credit union launches pilot program to serve marijuana firms

An Alaska credit union has joined the growing ranks of state-chartered financial institutions to announce plans to serve the legal cannabis industry. Credit Union 1 – a 66-year-old, Anchorage-based business – announced Thursday it is kicking off a pilot program to provide financial services to the state’s approved marijuana-related businesses – otherwise dubbed MRBs. “Since […]

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US cannabis edibles firm Dixie Brands debuts trading on CSE

Denver-based Dixie Brands began trading Thursday on the Canadian Securities Exchange, joining a rapidly growing list of U.S.-based marijuana firms that have looked north of the border to raise capital to grow and compete. Shares of Dixie – trading under the ticker symbol DIXI.U – opened at 1.05 Canadian dollars (79 cents). The move follows the […]

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Multistate marijuana firm Cura Partners inks $75 million private placement

Oregon-based Cura Partners, a multistate cannabis firm, has completed a $75 million private placement. The capital will be used for product development, marketing and expanding operational infrastructure, the company said. The raise included investments from institutional investors in North America, Asia, Australia and the United Kingdom, “reflecting increasing global interest in the cannabis industry,” Cura […]

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Maryland’s medical marijuana program is rapidly developing

Maryland’s medical marijuana patient pool is growing at a quick rate, providing increased revenue and opportunities for the state’s MMJ businesses. The head of the Maryland Medical Cannabis Commission (MMCC) said state regulators are receiving more than 1,000 applications a week from would-be patients, according to the Hagerstown Herald-Mail. Here’s what you need to know: […]

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The entourage effect: Is it a legitimate theory worth marketing by cannabis companies?

Many marijuana and terpene enthusiasts believe the unique effects of individual plants are the result of different cannabinoids – most notably THC – working in concert with other cannabinoids and terpenes. They call it the “entourage effect,” and some cannabis businesses have increasingly paid attention to it as a unique way to market and sell […]

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New Jersey legislative committees advance adult-use cannabis legislation

New Jersey took a big step Monday toward becoming the latest state to legalize recreational marijuana when separate panels in the Senate and the Assembly approved identical legislation and sent it to the full Legislature for a vote. Gov. Phil Murphy, a pro-marijuana Democrat, has said he wants a legalization bill to be sent to his […]

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Cannabis firms Cannex Capital, 4Front announce all-stock merger

Cannex Capital Holdings of Vancouver, British Columbia, and 4Front Holdings, an Arizona-based multistate marijuana firm, have announced plans to merge. The all-stock deal – which places an approximate valuation of more than $230 million on 4Front – is subject to shareholder approval and reviews by the Canadian Securities Exchange (CSE). The combined company will trade […]

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Massachusetts marijuana regulators approve more recreational retail licenses

The first day of adult-use cannabis sales in Massachusetts reportedly went smoothly Tuesday, and regulators continued to approve final retail licenses in an attempt to keep the industry in the state moving forward. Steven Hoffman, chairman of the state’s Cannabis Control Commission, told The Boston Globe he expects more retail, cultivation and manufacturing licenses to […]

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