MedMen Acquires First Dispensary In San Francisco Bay Area

CALIFORNIA: MedMen Enterprises announced that it has signed a definitive agreement to acquire a licensed dispensary from Berkeley Patients Group in Emeryville, California. As a result of the transaction, MedMen will have one of only two adult-use licenses issued in the City of Emeryville, just outside San Francisco.

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The dispensary is located in a young professional hub of the East Bay, between Oakland and Berkeley. The City of Emeryville is home to the national headquarters of numerous corporations including Pixar Animation Studios, Peet’s Coffee & Tea, Jamba Juice and Cliff Bar. The store is expected to open in 2019 and will be located at 3996 San Pablo Avenue, across the street from the Bay Street Emeryville Shopping Center, which features more than 50 businesses with over 450,000 square feet of retail space.

“California is the world’s largest legal cannabis market,” said Adam Bierman, MedMen chief executive and co-founder. “We are very proud of the footprint we’ve already established in our home state and look forward to expanding our reach to all corners of the Golden State, starting with our first store in Northern California.”

MedMen, based in Los Angeles, currently operates eight dispensaries in Southern California. The Emeryville dispensary is located in the commercial heart of the East Bay. It is positioned at the intersection of three major interstate highways that see over 600,000 daily commuters from Oakland, Berkeley, San Francisco and other cities.

As consideration for the acquisition, the Company will pay a combination of cash at closing and shares of MedMen Enterprises, Inc. in an undisclosed amount*. The transaction is expected to close within 90 days of signing and is subject to customary closing conditions.

 

 

California — Now The Largest Cannabis Market In The World — Has No Product to Sell

CALIFORNIA: According to a report in the Los Angeles TimesCalifornia is facing a serious shortage of legal cannabis, caused by a number of factors, including the recent fires that devastated the state, and the lack of city licensing approvals.

“Nearly a month after legal sales began for adults in the nation’s most populous state, the longstanding medicinal and illegal marijuana markets are still transitioning to a multibillion-dollar regulated system, estimated to eventually reach $7 billion in value,” the Times reported. “So far, one of the biggest challenges is having enough growers.”

One company,  Micro Lab Farms, is addressing the marketplace need by providing an innovative solution — fully automated indoor growing environments that can be placed virtually anywhere. The turn-key system utilizes specially sealed shipping containers, outfitted with the most advanced technology in the world, which provide greater efficiencies, increased crop yields, and lower costs than other comparable method of cultivation.  Compared to outdoor cultivation, the Micro Lab Farms’ system can produce as many as twice the number of crop cycles per year.

The fully transportable systems from Micro Lab Farms can alleviate these obstacles by allowing businesses to locate their growing facility virtually anywhere. Additionally, the patent-pending system provides the perfect growing environment, so crops can be harvested far quicker than by other conventional means.

Grasshopper Kiosks Releases New Technology To Modernize Cannabis Sales And Distribution

CALIFORNIA: Grasshopper Kiosks, announced the launch of its latest series of ADA compliant Automated Sales Kiosks designed for the legal cannabis industry, which provide automation for the secure storage and dispensing of regulated products.

Grasshopper’s automated sales kiosks were purposefully designed to work in accordance with complex regulations in the largest legal cannabis markets in the world. The Grasshopper systems provide secure, climate-controlled product storage, and compliant automated inventory and payment tracking designed to streamline transaction times while collecting real-time data about inventory and sales trends.

The Grasshopper product line includes a Self-Service Kiosk that can efficiently dispense up to 60 unique SKU’s via a large high-definition touchscreen display menu – making it a powerful tool for dispensaries to promote and sell their most popular products, including flower, concentrates, accessories and vaporizers.

Grasshopper also provides dispensaries with a Controlled Access Inventory System.  Items are dispensed via proprietary tracking software designed to interface with the industry’s leading compliant POS systems, as required in the regulated cannabis industry. Grasshopper looks forward to helping permitted retailers streamline the customer experience, improve their record keeping, reduce shrinkage, and better preserve and display valuable products.

California is the 6th largest economy in the world and its legal cannabis market is a rapidly expanding, multi-billion dollar business.  Legal dispensaries are hustling to prepare for increased demand in 2018 when the sale and responsible adult use of cannabis becomes legal,” said Martin Kaufman, CEO of Grasshopper Kiosks. “We’re excited to offer these tools to our industry peers, designed to help them keep up with ever-evolving regulations and increased competition.”

Kaufman has over a decade of experience operating in the legal cannabis market and is the co-founder of Blüm. the first publicly traded dispensary chain and IVXX™. a national premium cannabis brand.

“Running compliant dispensaries in multiple markets drove the development of the Grasshopper Kiosk,” Kaufman said. “The industry’s current POS systems leave a lot to be desired. These platforms tend to be developed in a vacuum, without input from the end users. We credit collaborating with accomplished industry associates, along with our previous dispensary experience, for the successful development of the Grasshopper solution. We’re looking forward to helping our clients enhance efficiencies and increase margins at the retail level.”

Legal Medical Marijuana Delivery Arrives In San Jose

CALIFORNIA: Eaze, the leading marijuana technology company, announced its official launch in San Jose today. Residents with a valid medical marijuana recommendation can now use Eaze to place orders for marijuana delivered on demand by a licensed dispensary. Residents in need of a recommendation can connect to a doctor on demand from their phone using the EazeMD app. Deliveries will be fulfilled by The Guild, a San Jose licensed dispensary.

In October 2016, San Jose reversed its ban on medical marijuana delivery. Under the city’s previous delivery ban, San Jose struggled with over 30 prominently advertised unlicensed delivery services. The new ordinance permits delivery by licensed dispensaries, and received widespread support from patients, collectives, law enforcement, and community members.

“There was a strong desire for patients to have safer access to the medicine recommended to them by their doctors. It’s great to see the San Jose City Council be responsive to the needs of its constituents, and we hope other California communities will follow suit,” said Jim Patterson, CEO of Eaze. “Eaze’s mission has always been to help dispensaries provide a safe and professional cannabis experience, and we are proud to now be servicing San Jose patients.”

As cannabis regulations continue to evolve across California, data is playing a key role in their development. As the largest marijuana technology platform, Eaze is proud to work with local regulators across the state, including the San Jose City Council and law enforcement agencies, to help them better understand how technology can help provide safe access to cannabis and insight into consumer preferences.

“Legalizing deliveries is simply smart public policy,” said Reverend Jethro Moore of San Jose. “It impacts neighborhoods disproportionately affected by a failed prohibition policy in that legal delivery provides a path to legitimate employment for people traditionally over-prosecuted and replaces illegal street dealing. Our neighborhoods will be safer and the way San Jose is regulating deliveries means youth will not have easy access to cannabis.”

Available in nearly 100 cities throughout California, Eaze helps patients receive safe, regulated deliveries from compliant dispensaries in less than 20 minutes.