Major Canadian cannabis retailer Fire & Flower Holdings is making moves into the United States, licensing its brand and technology to American Acres Managers, a private Canadian firm with marijuana retail ambitions in Arizona, California and Nevada…
Marijuana Dispensary & Cannabis Store News
A tale of two cannabis social equity programs: Los Angeles and Oakland
Social equity programs are a relatively new phenomenon in the U.S. cannabis industry, with the aim of getting more minorities and those with marijuana-related convictions involved in the legal sector. But so far, no city or state has come up with the p…
Canada tallies CA$2.6 billion in cannabis sales for 2020, up 120% over 2019
Canadian sales of legal recreational cannabis totaled 2.6 billion Canadian dollars ($2.08 billion) in 2020, as December sales increased from a relatively sluggish November. Licensed marijuana retailers across the country sold CA$298.4 million worth of …
Mainstream businesses are bracing for minimum-wage hike, but many cannabis firms already pay more
Half the states across the country have increased – or will raise – the minimum wage paid to hourly workers this year, but many cannabis businesses, including retailers, are unlikely to feel much of an impact. That’s because most say they a…
Court ruling paves way for New Jersey to expand medical cannabis market
A New Jersey appellate court lifted a 2019 order preventing the state from issuing an additional 24 medical cannabis licenses. The decision could allow for expansion of the medical marijuana industry in the state, perhaps before the launch, potentially…
Oregon marijuana firms enjoy booming market fueled by pandemic, consumers shunning illicit suppliers
Oregon recreational marijuana companies are enjoyable favorable economics not seen in years, with demand outpacing supply spurred by the COVID-19 pandemic and more consumers moving away from the illicit market to the legal one.
Oregon marijuana firms e…
Ontario accelerates cannabis store licensing to 120 per month
The cannabis store regulator in Canada’s single largest recreational marijuana market has once again increased the pace at which it issues store licenses, from 20 per week to 30 per week. The change took effect Tuesday, said the Alcohol and Gamin…
Canadian marijuana retailer Fire & Flower seeks Nasdaq listing
Fire & Flower Holdings, a Canadian cannabis retail chain with an eye on international growth, has applied to list its shares on the Nasdaq exchange in the United States. “The company anticipates that the Nasdaq listing will assist in attracti…
Maine recreational cannabis sales booming; new testing lab opens
A maturing recreational cannabis market in Maine is driving higher sales and lower prices – and consumers are spending more. Maine’s 15 licensed adult-use retailers conducted 33,521 transactions worth $2.47 million in sales in January alone, the …
Retail prices for recreational marijuana flower rise in response to record demand amid pandemic
The average retail price for smokable recreational marijuana products in four Western states continued to increase throughout the coronavirus pandemic, thanks to record demand. Retail flower prices in California, Colorado, Nevada and Washington state c…