Massachusetts cannabis law revamp could double MSO retail footprint
Individual cannabis companies would be able to operate up to six stores in Massachusetts, up from the current limit of three, if proposed changes to state marijuana laws are approved. The overhaul of the rules governing the $1.65 billion market, moving towards...
The secret for successful cannabis retailers: it’s not the purchase, it’s the experience
Customers entering the The Daily Green, a cannabis store in New York City’s Times Square, were greeted with an unexpected surprise on December 1 last year: free bagels, a product launch and an in-store meeting with brand representatives. Behind all the activity...
Cannabis consumers don’t want low-dose THC beverages, California companies claim
Despite their popularity with liquor stores, bars and even event venues, low-dose THC beverages aren’t a hit with cannabis retail customers in California. In fact, cannabis beverages with more than 10 milligrams of THC account for more than 93% of annual state...
Report: North Carolina illicit cannabis market is worth $3 billion
Residents in North Carolina, one of only 10 remaining states with no legal cannabis access, spent about $3 billion on illicit marijuana in 2022, according to a recently released state report commissioned by Gov. Josh Stein. That’s the second-largest illicit...
Can the right data convince banks to lend to cannabis operators?
A new platform promising financial institutions reliable, real-time data could be the missing link that convinces skeptical or risk-adverse lenders to offer crucial capital to cannabis businesses. Denver-based NCS Analytics today launched NCS Thea, which provides...
New York cannabis retailers averaging about $4 million in annual sales
Cannabis retailers in New York state, one of the fastest-growing markets in the country, are averaging about $4 million in annual sales after a year in business, according to results of a state-conducted survey. But less than half of operators who responded to a state...
Two more marijuana MSOs enter Texas medical cannabis market
Two more major multistate cannabis operators are entering Texas’ newly expanded medical marijuana market. Chicago-based MSOs Green Thumb Industries and Cresco Labs were awarded conditional licenses under the Texas Compassionate Use Program (TCUP), the Texas Department...
Major marijuana MSO files for U.S. bankruptcy protections
Major cannabis multistate operator The Cannabist Co. filed for bankruptcy in Delaware on March 25. The MSO has sold off its permits in Virginia, Ohio and Delaware to satisfy creditors, and is in negotiations to sell off other permits. But even after the initial sales,...
What cannabis retailers get wrong about 4/20 discounts
(This is a contributed guest column. To be considered as an MJBizDaily guest columnist, please submit your request here.) April 20 is still the busiest day of the year for cannabis retailers. Transaction volumes spike, foot traffic surges and the pressure to run...
Trump Justice Department turmoil not expected to delay marijuana rescheduling
President Donald Trump’s abrupt firing of Attorney General Pam Bondi won’t change much for the cannabis operators desperate for movement on marijuana rescheduling, several sources close to the process told MJBizDaily on Thursday. That’s because the calculus is the...
Missouri cannabis regulators seek alternatives to track-and-trace leader Metrc
Metrc, the Florida-based nationwide leader in cannabis track-and-trace software, isn’t meeting the needs of Missouri cannabis regulators and, with the state contract up to bid, could be replaced with another company. If a competitor is awarded the Missouri Department...Featured
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