Marijuana Dispensary & Cannabis Store News

Tilray, Authentic Brands Group enter revenue-sharing deal for cannabis products

Tilray, the British Columbia-based cannabis heavyweight, signed a revenue-sharing agreement with Authentic Brands Group (ABG) to market and distribute consumer cannabis products within the New York-based firm’s brand portfolio. Under the terms of the agreement, Tilray will pay $100 million to ABG and up to $250 million in cash and stock upon achieving unspecified milestones. […]

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First cultivator begins growing medical marijuana in Arkansas

An Arkansas cultivation company has planted the first crop of medical cannabis and growing is underway, a sign that the market’s long-delayed launch may be approaching. According to Arkansas TV stations KHBS and KHOG, planting began Jan. 10 at the Bold Team cultivation center in Cotton Plant, 75 miles northeast of Little Rock. The medical marijuana […]

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Arizona Supreme Court to rule on legality of medical marijuana extracts

The Arizona Supreme Court will rule on whether medical marijuana extracts are legal to sell and possess, giving hope to the state’s MMJ businesses that they’ll be allowed to manufacture and peddle infused cannabis products without fear of legal repercussions. The court has agreed to review the legality of the products after a challenge to a June […]

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Massachusetts medical marijuana provider raises $12.5 million to boost growth

Middlesex Integrative Medicine is joining forces with Full Moon Investments in a $12.5 million deal through which the private fund will take an equity stake in the Boston-based provider of medical cannabis. The transaction provides Middlesex access to more capital to build out its cultivation and laboratory facilities as well as three planned dispensaries. It […]

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Arkansas gov warns medical cannabis patients not to bring legal purchases over state line

Arkansas Gov. Asa Hutchinson is cautioning medical marijuana patients there that buying MMJ products from licensed stores elsewhere to take back across state borders is against state and federal laws. That warning could be especially unwelcome news for marijuana businesses in neighboring Oklahoma, which allows out-of-state cardholders to purchase MMJ at its licensed dispensaries. Here’s a rundown […]

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Chart: Maryland’s first-year medical marijuana sales approach $100 million

Maryland’s slow-to-start medical marijuana industry made up for lost time, zooming toward $100 million in first-year sales. Maryland brought in $95.4 million in dispensary sales between Dec. 1, 2017, and Nov. 30, 2018, averaging 21% monthly growth and peaking in November at $13.8 million. That total surpassed first-year MMJ sales in Illinois, Massachusetts and New […]

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