Industries Booming Since Marijuana Legalization

The marijuana industry has been growing steadily since its legalization in the United States, with more than 75% increase in sales, and contributing greatly to the economy of this nation. To date 11 states have legalized marijuana for recreational use and other 33 have authorized cannabis for medicinal use. Legalization has seen the creation of a diverse range of companies Read the full article…

Cresco Labs Continues Its Illinois Expansion With Regulatory Approval For Three Dispensaries

ILLINOIS: Cresco Labs Inc., one of the largest vertically integrated multi-state cannabis operators in the United States, today announced that it received approval from the Illinois Department of Financial and Professional Regulation (IDFPR) for Cresco’s previously announced acquisitions of licensed medical cannabis dispensaries MedMar Rockford and MedMar Lakeview, located in the popular Wrigleyville neighborhood of Chicago. The IDFPR also Read the full article…

MedMen Acquires Monarch Wellness; Expands Reach Into Arizona Medical Marijuana Market

CALIFORNIA: MedMen Enterprises  announced that it has signed a definitive agreement with WhiteStar Solutions to acquire control of Monarch, a Scottsdale, Arizona-based licensed medical cannabis license holder with dispensary, cultivation and processing operations through the acquisition of Omaha Management Services, LLC. In addition, MedMen will acquire from WhiteStar their exclusive co-manufacturing and licensing agreements with Kiva, Mirth Read the full article…

Study: Marijuana Dispensaries Associated With Declining Rates Of Painkiller Abuse

GEORGIA: Cannabis dispensaries are associated with reduced levels of opioid-related treatment admissions and overall drug mortality, according to a study published online on SSRN.com. A University of Georgia economics professor assessed the relationship between the opening of medical cannabis dispensaries and drug treatment admissions. Dispensary openings are associated with “a 20 percentage point relative decrease in painkiller treatment Read the full article…

Marijuana Legalization In Delaware: New Medical Dispensaries Set To Open In 2016

DELAWARE: On Dec. 2, the Delaware Department of Health and Social Services began to accept proposals for nonprofit companies to operate a medical marijuana dispensary in several counties in the state, Delaware Public Media reported. The deadline is March 30 so that two centers can open by fall 2016, the Cape Gazette reported. The revitalized program has aims to expand accessibility to Read the full article…

Pot Risk Vs. Profit: Bankers Cautious Of Marijuana Dispensaries

COLORADO: Every month, Jamie Perino hires a security detail to come to her three recreational marijuana dispensaries. They stop by, collect thousands of dollars in cash and head out to deliver the money to the state, county and city. Perino, the CEO of Euflora dispensaries, said she can’t find a bank that will work with her. Read the full article…

Oregon Releases Draft Recreational Marijuana Rules

OREGON:  Oregon public health officials have released draft rules for medical marijuana dispensaries selling legal recreational pot.The Oregon Health Authority‘s rules limit the type of marijuana products sold as of October 1 to seeds, dried leaves and flowers and plants that are not flowering. As expected, edibles won’t be sold to recreational users at medical Read the full article…

New Jersey Issues Standards For Edible Forms Of Medical Marijuana

NEW JERSEY:  New Jersey this week issued its first standards for edible forms of medical marijuana, a move that could clear the way for the state’s three dispensaries to start making and selling the products. The state Department of Health told The Associated Press on Friday that the standards, intended to assure patient and employee Read the full article…

Cannabis Comes To Las Vegas: Answering Your Burning Questions About Medical Marijuana

NEVADA:  In the coming weeks, the first crops of cannabis will begin blooming in warehouses across the valley, the most tangible sign yet that medical marijuana is headed to Southern Nevada. Businesses that received state approval in November have been busy preparing buildings, sourcing crops and getting ready to open their doors. When they do, Read the full article…

San Jose City Council Delays Vote On Medical Marijuana Dispensaries

CALIFORNIA: Both sides in the debate over the future of medical marijuana dispensaries in San Jose filled city council chambers for a contentious meeting Tuesday night, though council members delayed a vote on a proposed ordinance. The measure would impose new rules on pot clubs. If approved, dispensaries would have to be at least 1,000 feet Read the full article…