Dispensary/Retail Store Business News

US marijuana retail chain MedMen to partner with Canadian producer Cronos

Two major cannabis companies – Los Angeles-based MedMen and Ontario-based Cronos Group – have announced a joint venture to bring MedMen’s retail expertise to Canada. According to a news release, the collaboration will result in the formation of MedMen Canada. MedMen currently has operations in California, Nevada and New York; Cronos has concerns throughout Canada […]

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Saskatchewan plans retail ‘lottery’ for recreational cannabis licenses

Saskatchewan’s new business-friendly framework for recreational cannabis sales calls for the establishment of 51 privately owned stores no later than 12 months after legalization. Retail applicants in Saskatchewan must complete a two-part process that will include initial screening and entry into a lottery of qualified applicants. The number of retail sales licenses will be capped at 51 […]

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California lawmakers start push to lower state marijuana taxes

In a bid to combat black-market operators, two California state lawmakers have introduced a measure to lower the cannabis tax rate for three years, which should in turn lower the prices retailers charge for legal products. “We need to give legal businesses some temporary tax relief so they do not continue to be undercut by […]

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Nevada’s marijuana supply holds steady, with wholesale prices higher than other rec markets

Nevada’s recreational marijuana supplies are plentiful but not overly abundant, keeping wholesale cannabis prices on the high side compared to other adult-use markets. Business owners in the Silver State don’t expect wholesale prices to remain steep for much longer, however. Growers are continuing to build out their cultivation facilities and improve their growing methods, pumping […]

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Colorado regulators release new ‘universal’ marijuana packaging symbol

The Colorado Marijuana Enforcement Division released a new “Single Universal Symbol” that must be included on packaging and labeling for all cannabis products. The symbol is required for both medical and recreational cannabis, and for all types of products, whether it’s flower, concentrates, edibles, topicals, or vape cartridges, The Cannabist reported. The symbol – which is […]

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New opposition leader may overturn Ontario’s cannabis monopoly

The new leader of Ontario’s opposition party, the Progressive Conservatives, will consider giving the free market a greater role in recreational marijuana sales if he wins the June 7 provincial election. Such a move would be a major boon for entrepreneurs in the industry. The ruling Liberals have committed to opening 40 government-run retail outlets by […]

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Bill to refine West Virginia’s medical marijuana rules fails

A bill that would have made several changes to West Virginia’s medical marijuana law failed when the state’s legislative session ended last weekend. West Virginia’s medical marijuana program was set to launch in 2019, but the bill’s failure Saturday night and an opinion from the state treasurer have put the rollout on shaky ground, WVNews.com reported. […]

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Seven Iowa businesses angle for low-THC medical cannabis retail licenses

Seven companies have applied to sell low-THC medical marijuana at 21 separate locations in Iowa. The state is expected to grant licenses for five locations next month.   Applicants paid a $5,000 fee for each application and won’t be able to open until early 2019, the Des Moines Register reported. Iowa’s medical marijuana program is quite […]

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Cannabis company makes play for convenience-store CBD market

A California company that markets and distributes marijuana and hemp is making a play for convenience stores. Marijuana Company of America, a holding company with stakes in hemp and marijuana, is launching a line of CBD topicals, tinctures and edibles in sample sizes. The products will be sold in one-, two- and 30-day supplies. “The […]

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Ontario unveils cannabis retail board with no industry experience

Canada’s largest province on Friday unveiled the brand name and logo for its recreational cannabis stores and the board tasked with directing the company as it tries to compete with the black market. The retail brand and sales monopoly will be known as the Ontario Cannabis Store. The Ontario Cannabis Retail Corp.’s five-member board will include: […]

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Week in Review: Smokable flower in PA, MJ air transport in Alaska & CBD setback in Idaho

Pennsylvania ponders allowing smokable flower to combat a medical marijuana supply shortage, police in Juneau, Alaska, green light transporting cannabis on commercial airlines, and Idaho lawmakers shelve a CBD bill. Here’s a closer look at some notable developments in the marijuana industry over the past week. Slim pickings in Pennsylvania Pennsylvania’s medical cannabis program hit […]

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Home delivery a big sales driver for Florida medical marijuana companies

Florida medical cannabis producers are seeing increased sales thanks to their ability to deliver products to customers at home. Some companies report that up to 50% of their sales stems from home deliveries, according to the Fort Myers News-Press. Florida has 28 operational MMJ dispensaries in the state as of this week, the newspaper reported. […]

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