Dispensary/Retail Store Business News

Investment firm offers CA$1M seed money to Canadian marijuana entrepreneurs

A major investment company is putting 1 million Canadian dollars ($780,000) on the table for aspiring cannabis entrepreneurs in Canada. Canopy Rivers Corp.’s program is open to entrepreneurs looking to access Health Canada’s proposed new licenses for micro-cultivation, nurseries, industrial hemp, processing, analytical testing, retailers and other emerging segments. “This is a way to help […]

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New Jersey dispensary teams with cannabis company that has John Boehner on board

A longtime medical cannabis dispensary in New Jersey has struck a partnership with Acreage Holdings, the multistate marijuana business that last month brought former House Speaker John Boehner onto its advisory board. According to NJ.com, Compassionate Care Foundation in south New Jersey is teaming up with Acreage to construct a 100,000-square-foot grow operation. Acreage Holdings […]

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Spurned medical cannabis applicant in Louisiana sues state

A business that lost out on a medical marijuana dispensary license in New Orleans sued the Louisiana Board of Pharmacy, charging that the agency was “arbitrary and capricious” in awarding the metro area permit to the fourth-ranked applicant. In a lawsuit filed this week, RX Greenhouse of Metairie said it not only had been ranked […]

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Chicago-based cannabis firm GTI plans to go public in Canada

Green Thumb Industries, a Chicago-based cannabis grower and dispensary operator, released its plans to go public in Canada’s booming marijuana market. The multistate company has signed a letter of intent to complete a reverse takeover of Vancouver, British Columbia-based Bayswater Uranium Corp., which has interests in properties across Canada and in Wyoming. The deal charts […]

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Four marijuana firms to form multinational company, continuing industry consolidation

Consolidation continued in the cannabis industry Tuesday, with four major marijuana businesses from the United States and Canada merging to launch a multinational company with combined revenue forecast to total more than $200 million next year.

Operating under the name TILT Holdings, the new companies will include the combined operations of Baker Technologies, Sea Hunter, Briteside and Santa Veritas Therapeutics, according to a news release.

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Cultivator to sell cannabis at production facility – a first in Canada

Canopy Growth, a licensed producer in Newfoundland, has received permission to sell marijuana to consumers at its cultivation facility, a process known as farm gate. It’s an industry-first in Canada that executives hope will catch on nationwide.
Canopy Growth announced this week that consumers will be able to buy cannabis products at a Tweed store on its production site.

So far no other province has indicated it will allow farm gate sales.

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Illegal California marijuana firms starting to comply with cease-and-desist letters

Scores of California marijuana companies that received cease-and-desist letters during a crackdown on potentially illegal operations have yanked online advertising or started the licensing process, according to state regulators. The Bureau of Cannabis Control (BCC) began sending out the enforcement letters in February to retailers that were breaking the law by serving customers without being properly […]

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