Regulated recreational marijuana stores are coming to untapped Colorado markets after pro-marijuana ballot wins last November. Voters in eight Colorado municipalities voted in last November’s election to allow recreational marijuana sales in the …
Marijuana Dispensary & Cannabis Store News
Arizona adult-use cannabis sales hit $2.9 million during initial 10 days
Adult-use cannabis sales in Arizona reached $2.9 million in the first 10 days that sales were permitted, according to figures released by the state. Recreational sales in Arizona began Jan. 22 after 73 of 130 licenses were approved by the Arizona Depar…
SPAC to acquire four marijuana operations in $210 million deal
New York-based Greenrose Acquisition Corp., a special purpose acquisition company, entered into definitive agreements to acquire four marijuana businesses in a deal initially valued at $210 million. The companies to be acquired are Futureworks (doing b…
Maine’s largest city about to open recreational cannabis license floodgates
Maine’s biggest city, Portland, could soon be awash in recreational cannabis retailers after a slow implementation process. SeaWeed Co. opened March 12, Grass Roots Marijuana Shop is expected to open Tuesday March 16 and another 31 applicants are await…
New Rhode Island governor pitches adult-use cannabis legalization plan
Rhode Island Gov. Dan McKee wants to legalize adult-use cannabis, proposing a program that would issue 25 retail licenses a year with a market launch in April 2022. McKee, a Democrat who included the proposal as part of his fiscal-year 2022 budget, is …
CWNevada’s receivership might offer blueprint to other financially strapped cannabis businesses
A once-significant player in Nevada’s cannabis industry is in the final stages of liquidating more than $12 million worth of assets under the guidance of a state court, offering a potential road map for marijuana businesses that are barred from s…
Hundreds in Arizona spend $25,000 each to enter cannabis license lottery
Nearly 400 hopeful cannabis entrepreneurs ponied up $25,000 apiece for a shot at an upcoming business license lottery, which will determine the winners of 13 new permits. According to the Arizona Republic, the state Department of Health Services receiv…
Outages involving California’s traceability system ‘causing a lot of heartburn’ for cannabis companies
Problems with the state-contracted traceability system in California is causing cannabis companies to spend thousands of dollars in extra time and money to remain in compliance.
Outages involving California’s traceability system ‘causing a …
Oklahoma’s medical cannabis dispensary licenses decline for the first time
Retail licenses for Oklahoma’s medical cannabis program declined 8% in 2020, the first contraction for the open-license market since MMJ sales began in 2018. Despite surging sales and patient numbers, Oklahoma ended 2020 with 181 fewer retail licenses …
Alaska cannabis grower, retailer face criminal charges in pesticide case
Alaska officials are pressing a criminal case against two associated cannabis businesses that are accused of falsifying business records, misusing pesticides, pesticide pollution and reckless endangerment. Ronald and Lacey Bass, owners of cultivator Ca…