The chief executive of the Ontario Cannabis Store (OCS) said growing regulated recreational marijuana sales in Canada’s most-populous province depends on more brick-and-mortar stores opening in certain communities. OCS President and CEO Thomas Ha…
Marijuana Dispensary & Cannabis Store News
Marijuana union organizing surging amid pandemic, uptick in labor peace requirements
Union organizing in the marijuana industry has been on the upswing in the past year amid the coronavirus pandemic, particularly in new and emerging adult-use markets such as Illinois, Massachusetts and New Jersey. Several factors are in play, according…
Schwazze completes $72.3M purchase of 13 Colorado cannabis stores
Schwazze, a Denver-based vertically integrated cannabis operator, said it has acquired the five remaining Star Buds retail outlets in Colorado for $72.3 million, including $27.5 million in cash. With the acquisition, Schwazze, formerly Medicine Man Tec…
Las Vegas cannabis retailers get OK to offer drive-thru service
Las Vegas offers drive-thrus for alcohol, gambling, weddings and peep shows, and now the tourist mecca is allowing cannabis stores to offer the service. The Las Vegas City Council voted 6-0 on Wednesday to rescind a citywide restriction on marijuana re…
Customer loyalty programs offer clear benefits for cannabis stores
Loyalty programs, long a staple of consumer marketing strategies, have found a place among regulated cannabis retailers in the United States and Canada. By offering perks such as discounts, points, special offers and new-product notifications, retail o…
Terra Tech acquires marijuana competitor Unrivaled in all-stock deal
California-based Terra Tech Corp. said Wednesday it finalized a deal to acquire another West Coast marijuana multistate operator, Umbrla, which does business as Unrivaled and includes multiple MJ brands in its portfolio. Terms of the deal were not disc…
MedMen co-founders Bierman, Modlin return to cannabis industry with different California company
They’re back! Less than a year after being ousted from leadership posts at California-based MedMen Enterprises, former CEO Adam Bierman and ex-President Andrew Modlin have found a route back into the legal marijuana industry – working for a…
Government-run cannabis stores in Quebec, New Brunswick post profits
The government-run cannabis store operators for Quebec and New Brunswick reported quarterly profits for the periods ended Jan. 2, 2021, and Dec. 27, 2020, respectively. Quebec’s Société québécoise du cannabis (SQDC) posted net income of 23.3 million Ca…
Marijuana and CBD retailer High Tide posts higher revenue of CA$24.9 million
High Tide, a Canadian cannabis retail chain that also sells CBD and marijuana accessories in the United States, reported revenue of 24.9 million Canadian dollars ($19.7 million) for its fourth quarter ended Oct. 31. Total revenue for High Tide’s …
MJBizCon announces return to Las Vegas Oct. 20-22
MJBizCon will return as a live, in-person event in Las Vegas in October, barring any unforeseen developments related to the coronavirus pandemic, Marijuana Business Daily announced Monday. The 10th annual cannabis trade show, the largest in the industr…