Dispensary/Retail Store Business News

Marijuana firm MedMen scales back financing, appoints interim CFO

MedMen Enterprises is slashing its latest funding round as the firm’s stock tumbles and the California cannabis company hunts for a new chief financial officer. The multistate cannabis firm revealed Friday that CFO James Parker resigned. The company appointed Jim Miller, vice president of accounting, as interim CFO while the firm searches for a replacement […]

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First recreational cannabis stores open in Massachusetts to big crowds

Despite long lines and the uncertainty that comes with launching adult-use marijuana sales, the owners of the first two stores in Massachusetts permitted to sell recreational cannabis and their customers say sales and shopping experiences have gone smoothly. Cultivate in Leicester and New England Treatment Access (NETA) in Northampton both opened at 8 a.m. ET […]

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MA says first recreational cannabis stores in eastern US can open Tuesday

Two marijuana stores in Massachusetts were given the green light to begin selling to recreational customers on Tuesday, making them the first commercial cannabis stores in the eastern United States. The Cannabis Control Commission (CCC) announced Friday that New England Treatment Access, in Northampton, and Cultivate Holdings, of Leicester, were authorized to open in three […]

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Green Thumb Industries buys Nevada cannabis business in $290 million deal

Green Thumb Industries (GTI), a multistate marijuana company, has agreed to purchase a Nevada-based, vertically integrated cannabis company in a stock and cash deal valued at about $290 million. The deal expands Chicago-based GTI’s footprint in Nevada, home to one of the fastest-growing, adult-use MJ markets in the nation. The acquisition includes: Three retail stores in […]

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MJBizCon 2018 begins with record attendance, reflecting marijuana industry’s rapid growth

The annual MJBizCon that began Wednesday is again setting record numbers for attendance and exhibitors, mirroring the marijuana industry’s explosive growth and its bullish prospects after voters approved three new cannabis markets worth up to $2 billion. Roughly 25,000 marijuana industry professionals, investors and entrepreneurs are expected to attend the three-day conference at the Las […]

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New cannabis business takes over Louisiana MMJ grower contract

Pennsylvania-based Ilera Holistic Healthcare is taking over the contract to grow medical marijuana on behalf of Louisiana’s Southern University for the state’s MMJ program. Shreveport TV station KTBS reported that the company with the initial contract – Advanced Biomedics – never became operational because of disputes between the owners. Ilera bought the 68% stake in Advanced […]

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Connecticut adds another condition to medical marijuana treatment list

Connecticut regulators added another ailment to the list of conditions that can be treated with medical cannabis, bringing the total number of conditions to 31 for adults. The state’s Regulations Review Committee decided chronic neuropathic pain associated with degenerative spinal disorders should be included on the list. The added condition could provide a slight boost to […]

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Ohio’s medical marijuana program delayed by lack of operating testing labs

A dearth of open cannabis testing labs is delaying Ohio’s medical marijuana program beyond its previously expected November launch date. None of the state’s five licensed labs is testing cannabis for potency and purity yet, which is required by law before sales at dispensaries can begin, The Cincinnati Enquirer reported. Ohio approved medical marijuana in 2016, […]

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Week in Review: Judge tosses NM medical cannabis plant cap, Sessions fired & MA adult-use sales expected to start soon

A New Mexico judge strikes down the state’s cap on the number of plants medical marijuana producers can grow, Attorney General Jeff Sessions is fired, and a top cannabis regulator in Massachusetts says adult-use sales are expected to begin soon in the Bay State. Here’s a closer look at some notable developments in the marijuana industry […]

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Ontario Cannabis Store sticks to ‘Plan A’ despite lengthy delays

A contingency plan developed by the Ontario Cannabis Store (OCS) to cope with a rotating strike by its exclusive shipper has not been put into action, leading to lengthy shipping delays and thousands of customer complaints. The OCS previously said its contingency plan was “ready in the event orders cannot be fulfilled due to the […]

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US cannabis retailer Green Growth Brands inks CA$30.5 million raise

Ohio-based marijuana retailer Green Growth Brands raised 30.5 million Canadian dollars ($23.2 million) in a private placement ahead of the firm’s planned trading debut in Canada later this month. The raise follows a CA$85 million private placement inked in September and brings Green Growth’s total raises to more than CA$140 million. The firm plans to use the […]

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