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Chart: Hawaii’s medical cannabis reciprocity program off to slow start

Hawaii’s fledgling medical marijuana reciprocity program has the potential to boost sales at local dispensaries given that several million domestic tourists visit the state each year, but the program has experienced a slow start since its launch. From early March through the end of May, Hawaii’s out-of-state program added an average of 160 patients per month. Growth slowed […]

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Week in Review: US Senate to consider MJ banking issues, Arcview + Curaleaf’s important cannabis deals & more

Cannabis banking reform secures a landmark U.S. Senate panel hearing, financial experts contemplate the impact of Arcview and Curaleaf news, the Food and Drug Administration considers cannabis extracts from both marijuana and hemp varieties in response to a jump in over-the-counter CBD sales – and more of the week’s top headlines. Bank on it News was […]

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Washington state offers up cannabis traceability ‘workaround’ in wake of software release problems

Problems with the software release for the Washington state cannabis traceability system persist, as state regulators on Thursday announced a workaround for marijuana business-to-business transfers. The state’s response comes after a problematic software rollout that cost businesses significant losses was said to be fixed on Wednesday. The Washington State Liquor and Cannabis Board (LCB) issued […]

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Deal Watch: Big players are behind marijuana M&A deals

Last week wasn’t the busiest for completed M&A deals in the cannabis industry, but some notable transactions were concluded – including one involving a well-established multistate operator (MSO) and another a relatively new but fast-emerging player on the scene.

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Arcview deal highlights increased institutional involvement in cannabis

The acquisition of Oakland, California-based The Arcview Group boasted a relatively small price tag, but the impact to the cannabis industry as a whole might be more substantial than the $7.7 million sum. The deal was structured as a Series A funding but was effectively a takeover by the main investors, Trivergance and Cresco Capital […]

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Oklahoma medical cannabis businesses prepare for ‘necessary’ rules that will up compliance costs

Oklahoma medical marijuana companies are on the verge of facing new regulations that will increase compliance costs. Expanded costs are expected in a wide range of operations, including: Seed-to-sale tracking and package labeling. Product testing. Waste management. The regulations require MMJ businesses to install inventory tracking systems by late August and devote more resources in […]

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California government report finds regulators are unable to fully oversee the state’s marijuana market

A new audit by California’s Department of Finance found regulators have a long way to go before they have a solid handle on the state’s cannabis industry. The report concluded – despite having established a “structural foundation” for managing the legal marijuana industry – the California Bureau of Cannabis Control (BCC)’s “current status and location […]

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Chart: Most wholesale cultivators competing on marijuana quality

Many wholesale cannabis growers choose to compete on quality, even while market forces favor growers who can reliably supply low-cost cannabis. Nearly half of U.S. cultivators are attempting to make high-quality flower their key differentiator, according to the recently released 2019 Marijuana Business Factbook. But with flower sales on the decline, the market likely will […]

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