Marijuana Business News

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Mon
22
Nov

Crystal Cure Launches New Brunswick’s First On-Site Cannabis Sales

man smoking joint

Crystal Cure Inc. is New Brunswick's first cannabis producer to launch on-site sales.

CEO Jonathan Wilson said Crystal Cure is the first to roll out Cannabis NB’s FarmGate program and among the first in Canada to roll out an on-site store.

“It’s a huge deal for us. To be able to sell directly to customers is absolutely huge. It gets people coming to our facility as we build it up, modernized and evolve to become a great destination,” said Wilson.

Crystal Cure opened its Le Backdoor retail site November 18 and Wilson noted its first FarmGate customers were members of its 12-person staff.

Mon
22
Nov

Illinois cannabis growers advised to follow craft beer model and specialize

cannabis plants in white background

Like craft brewers, craft cannabis growers can’t compete in size or price with established businesses in their industry, so they’d better stand out with unique products and strong partnerships.

That was the advice that established dispensary pros dished out at a recent gathering of newly licensed entrepreneurs. With startup businesses aiming to create higher-quality specialty products, the resulting industry should be more diverse, both in ownership and in the variety of products for consumers.

Mon
22
Nov

Uber enters booming cannabis market with orders in Ontario

cannabis plant

Uber Technologies Inc (UBER.N) will allow users in Ontario, Canada, to place orders for cannabis on its Uber Eats app, marking the ride-hailing giant's foray into the booming business, a company spokesperson said on Monday.

Uber Eats will list cannabis retailer Tokyo Smoke on its marketplace on Monday, following which customers can place orders from the Uber Eats app and then pick it up at their nearest Tokyo Smoke store, the spokesperson said.

Mon
22
Nov

Meet the ex-health regulator forced to dispose of $35 million of cannabis products

holding cannabis

Here's what she wants you to know.

Kim Stuck, the first cannabis and hemp specialist for a major metropolitan public health authority in the U.S., disposed of about US$28 million ($35 million) worth of cannabis products in 2015.

She was working in Denver, at the time, and there was no specific code the companies behind the products flouted. In fact, they weren’t aware they had done anything wrong.

Mon
22
Nov

Analysis: We know who might sell medical cannabis in Sioux Falls, but there's still a ways to go

cannabis flowers in glass

With Sioux Falls' five medical marijuana licenses tentatively assigned to businesses, we're finally getting a clearer picture of what the newest industry could look like in the coming months.

While there were concerns from some that the city's fees and regulations could result in national companies taking over medical cannabis sales while local businesses struggled to nab one of the city's five licenses, Wednesday's lottery results have created a seemingly-even spread for the five-dispensary cap on licenses in Sioux Falls.

The Flower Shop LLC and East River Farms LLC both had the only application they turned in selected for a license, and PJS Holdings made the cut from only two submissions.

Mon
22
Nov

LPG plays part in production of cannabis concentrates

cannabis in bottles

Florida-based medical cannabis company Trulieve Cannabis Corp. launched a new line of cannabis concentrates made through a hydrocarbon extraction process using propane and butane.

Live Resin, a high-terpene, single-source extract, is the first offering from Trulieve’s new hydrocarbon line. It is created in the company’s hydrocarbon extraction lab using a blend of propane and butane on TruFlower, which has been frozen immediately after harvest.

Hydrocarbon extraction uses solvents to gently process cannabis, allowing for the retention of high levels of the plant’s original flavor and terpene and cannabinoid profiles at a lower temperature.

Mon
22
Nov

High-Potency Cannabis Edibles Land in Missouri Dispensaries

cannabis edibles

In some recipes, tripling one ingredient might lead to disaster. But in Honeybee's line of popular Blood Orange Strawberry fruit gumdrops, tripling the THC content — from 100mg to 300mg — has made no difference to the fruit flavors imbued into each drop by chef Dave Owens.

"It's still such a small amount," says Owens, the director of culinary for Proper Brands and its line of Honeybee edibles. "Even with these high-potency versions, we didn't find any real impact so far in the taste or in the consistency."

Mon
22
Nov

Dispensary 33 selling pot shops to publicly traded weed giant in $55 million deal

cannabis leaf on cash bill

The stores in Uptown and West Town are being sold to Miami-based Ayr Wellness, which grows and sells cannabis across multiple states.

A Florida-based pot giant is planning to purchase a pair of popular Chicago weed stores in a blockbuster $55 million deal, sources told the Chicago Sun-Times on Sunday.

Dispensary 33’s two shops in Uptown and West Town are being sold to Miami-based Ayr Wellness, which grows and sells cannabis across multiple states and trades publicly on the Canadian Securities Exchange and the U.S. “penny stocks” market. A public announcement was expected Monday morning.

Fri
19
Nov

Canna Business Services Announces to New Jersey Cannabis Business Applicants: Act Fast!

cbd products

Thinking about applying for a cannabis business license in New Jersey? According to Emily Seelman, Founder and CEO of Canna Business Services, you will need to act fast.

New Jersey is what we would consider a "competitive state" for licensing. This means that many MSOs (multi-state operators) and newcomers alike will be clamoring for licenses because the round opens quickly and priority will be given to those that get their applications in first. With the State's cap on cultivation licenses, limiting the number of licenses that will be awarded, hopeful applicants are aiming to submit the most robust and competitive applications possible.

Fri
19
Nov

Novato adopts restrictions for cannabis delivery shops

cannabis products

Cannabis delivery businesses hoping to set up shop in Novato will now have fewer location options under new restrictions passed by the city this week.

The Novato City Council voted unanimously on Tuesday to require delivery businesses to be at least 600 feet away from residentially zoned areas. At the same time, the council loosened location restrictions for cannabis testing laboratories.

The new restrictions for delivery businesses are a response to concerns raised by San Marin residents earlier this year about a delivery service that sought to set up in their neighborhood.

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