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.

 

 

Clark County NV Picks 18 Applicants For Medical Marijuana Dispensaries

NEVADA: They came from near and far. Las Vegas Valley developers, medical marijuana industry veterans from Colorado and area doctors were among them.

The odds were against them. Seventy-nine applicants — down from 81 — aiming for part of the region’s next industry: medical marijuana. And Clark County had just 18 slots for medical marijuana dispensaries.

There were familiar names among the winners that county commissioners picked Friday at the end of a three-day hearing. Longtime developer and gaming executive Randy Black, who retired last year as chief operating officer at Mesquite Gaming, for example, hopes to open a dispensary in Laughlin. He was the only applicant there.

After Nearly Losing His Olympic Gold Medal To A Positive Marijuana Test, Ross Rebagliati Now Wants To Sell Weed To Canada

CANADA: The first cough is a sign. The second is a dead giveaway. Then the laughing starts, big bellyfuls of guffaw, and considering one of the most famous stoners in the world is on the other end of the phone from which all the noise emanates, only one question seems appropriate.

Dude, are you getting high right now?

“We’re sampling,” says Ross Rebagliati, the Canadian snowboarder you last met in 1998 when he was winning Olympic gold for his shredding prowess, then losing it because his drug test came back positive for marijuana, then getting it back on appeal because weed wasn’t actually on the Olympics’ banned-substance list. [Read more…]

Targeted Colombian Marijuana Businessman Spoke Before Denver City Council

COLORADO:  , one of the targets in a federal raid last week on Denver-area marijuana businesses, spoke to the  during a public hearing in September about marijuana regulations.

Uribe told the council he owns seven dispensaries in Denver, eight grows and a manufacturing business with 160 employees and wanted help in getting licensed. He told the council he had applied for a license a year ago and hadn’t seen any resolution.

Uribe is connected to VIP Cannabis, which was raided Thursday by agents with the U.S. Dept. of Justice and the Internal Revenue Service. Sources told The Denver Post that the raids are focused on possible connections the business has with a Colombian drug cartel. [Read more…]

Mass. Releases List Of Proposed Medical Marijuana Dispensaries

MASSACHUSETTS: The Massachusetts Department of Public Health has released a county-by-county breakdown of the 100 final applications for medical marijuana dispensaries.

Middlesex County leads the way with 17 dispensary applications submitted by 16 companies. Five companies are competing to open dispensaries in Framingham. One of them, Massachusetts Compassionate Patient Care Corp., applied to open a second dispensary in Ayer. Four medical marijuana centers are proposed for Lowell. One company, The Greeneway Wellness Foundation, Inc., applied to open a dispensary in Cambridge.

Worcester County has the second-highest number of dispensaries proposed, at 14: nine applications for dispensaries in the city of Worcester itself; two in Shrewsbury; and one each in Fitchburg, Leominster and Milford. [Read more…]

Massachusetts Sees 100 Bids To Open Medical Marijuana Dispensaries

MASSACHUSETTS: The list of companies vying to open Massachusetts’ first medical marijuana dispensaries has been pared down significantly, according to the latest numbers released Thursday by state regulators.

Just 100 organizations submitted applications by the 3 p.m. deadline, but roughly a third of those that survived the first-round cut in September chose not to go forward.

Many prospective applicants were apparently knocked out by recent rule changes that required each company to prove it has $500,000 cash available in its bank account for start-up costs. [Read more…]

California Medical Marijuana Dispensary Allowed To Relocate

CALIFORNIA: The Richmond City Council approved a permit Tuesday night to allow a marijuana dispensary to move from its current location near Hilltop Mall to a largely abandoned street on Bissell Avenue, less than one block from the Target on Macdonald.

The vote to move the Green Remedy Collective was unanimous with Council Member Jael Myrick abstaining because of a political contribution conflict of interest. The collective is one of four medical marijuana dispensaries in the city.

With four dispensaries currently operating and six permits issued, Richmond has the highest number of marijuana shops per capita in the Bay Area, according to the Contra Costa Times. [Read more…]