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RI seeks third party to run lottery for medical cannabis dispensary permits

Rhode Island is looking to hire someone to run the lottery process that will determine who gets the opportunity to operate six new medical marijuana dispensaries in the state. A request for proposals posted online Friday said the “random selectio…

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Cannabis retailers should consider volume, customer experience when designing sales floor

Marijuana still carries a stigma in many communities. Adopting the right design can make a cannabis store feel more comfortable for shoppers.
Cannabis retailers should consider volume, customer experience when designing sales floor is a post from: Mari…

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Virginia lawmakers approve recreational marijuana legalization, positioning state to be 16th to OK adult use

Virginia lawmakers on Saturday narrowly approved compromise legislation legalizing a commercial recreational marijuana program that could generate nearly $1.5 billion in annual sales within five years of the scheduled Jan. 1, 2024 start. But there&#821…

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Ascend acquires most of MedMen’s NY cannabis operation for $63 million

Massachusetts-based Ascend Wellness Holdings is acquiring an 86.7% interest in financially strapped MedMen Enterprise’s cannabis operation in New York for $63 million, according to a definitive agreement announced Friday. Multistate operator Ascend Wel…

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Lawsuit casts spotlight on New York’s initial medical cannabis licensing, questions scoring

A new lawsuit sheds light on New York’s licensing of 10 medical cannabis operators in 2015 and 2016, raising questions about how regulators scored the applications and whether other unsuccessful applicants could raise their own legal objections. …

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Massachusetts extends medical cannabis telehealth sign-ups

Massachusetts health-care providers may continue registering new medical cannabis patients via telehealth appointments instead of in-person visits, state regulators announced, citing the risk of exposure to the COVID-19 virus. The state initially allow…

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California marijuana firms face more state tax audits, millions of dollars in unpaid taxes

Three years after the launch of California’s legal marijuana market, cannabis tax experts warn the industry should expect state regulators to ramp up tax enforcement, noting that several audits of MJ businesses are already underway. As a result, …

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Missouri pushes back deadline for medical cannabis businesses to open

Missouri regulators have extended the deadline for the state’s medical marijuana companies to open after the bulk of them failed to meet the one-year operating cutoff.
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Marijuana MSO Verano raises CA$100 million, announces Arizona acquisition

Chicago-based multistate marijuana firm Verano Holdings raised slightly more than $100 million Canadian dollars ($79.7 million) through a bought deal private placement of special warrants. Underwriters led by Beacon Securities and Canaccord Genuity agr…

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New Jersey recreational marijuana implementation law signed, setting stage for $1 billion market

New Jersey Gov. Phil Murphy on Monday finally signed a law to implement a projected $1 billion recreational marijuana market, hours after lawmakers agreed on a “clean-up measure” that had held up the process for months. Adult-use Sales could begin befo…