Dispensary/Retail Store Business News

Connecticut retailers, growers at odds on how to serve growing medical cannabis demand

Connecticut’s medical marijuana growers and retailers are at loggerheads over the state’s plan to expand its MMJ program to meet growing consumer demand for products. The state has proposed adding up to 10 more dispensaries to serve Connecticut’s growing patient pool, an increase that would more than double the number of retailers. But some dispensary […]

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Week in Review: Arizona’s defiant marijuana firms, California deadline & big cannabis investment in Iowa

Arizona cannabis companies defy a court decision banning the sale of extracts, California marijuana businesses deal with the state’s July 1 transition, and an emerging player in the MJ industry plans a large indoor grow in Iowa. Here’s a closer look at some notable developments in the cannabis industry over the past week. Business as […]

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Some California marijuana companies hurting from July 1 transition

The changeover to selling only lab-tested cannabis products and those with proper packaging has created hard times for some California retailers in early July, with a lack of compliant marijuana leaving a good number of shelves empty. The owner of All About Wellness in Sacramento told TV station KCRA he’s down about 60%-75% “of what […]

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ND begins first phase of accepting medical cannabis dispensary applications

North Dakota will begin accepting applications to open medical marijuana dispensaries in Bismarck and Fargo next week. The state health department said Monday the process will start July 10 as it rolls out a phased-in approach to licensing dispensaries in eight regions throughout the state. According to The Bismarck Tribune, the other regions where dispensaries […]

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Marijuana investment adviser sanctioned for securities fraud

A Colorado-based investment adviser received a cease-and-desist order from state regulators after admitting to securities fraud tied to a cannabis-focused firm he launched in 2016. Charlie Stivers, founder of Aurora-based Aim High Holdings, admitted to violating the Colorado Securities Act when he failed to disclose certain facts as he solicited investments for his firm, according to the […]

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Developing player in cannabis market to invest roughly $10 million in Iowa

An emerging major player in the marijuana industry plans to build a large facility in what might seem an unlikely place: Iowa. The state’s medical marijuana market allows the sale of only low-THC cannabis, meaning products cannot exceed 3% THC. But according to the Des Moines Register, New York-based Acreage Holdings is looking to spend […]

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Arizona dispensaries continue selling marijuana extracts, despite court ruling

Arizona’s medical cannabis businesses will continue selling extracts until a recent court ruling that outlaws concentrates is upheld by the state Supreme Court. That’s according to the Phoenix New Times, which reported that MMJ dispensaries in the state are essentially ignoring a finding by the Arizona Court of Appeals that extracts are illegal. Whether any […]

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Massachusetts awards first recreational marijuana retail license

A day after Massachusetts’ adult-use program was slated to begin, state regulators awarded the first license to sell recreational marijuana. The Cannabis Control Commission voted Monday to permit Cultivate Holdings in Leicester to begin selling recreational cannabis, according to MassLive.com. The program was slated to begin recreational marijuana sales July 1, but the start date wasn’t […]

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‘Waste, money lost’ as California cannabis retailers unload product

Cannabis retailers in California are scrambling to unload product that won’t be compliant with state regulations starting July 1. They were given six months to exhaust their supplies of products made before the new requirements, and the deadline to sell those products is June 30. On July 1, retailers must destroy any that remain. The […]

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