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Small cannabis entrepreneurs say they can’t compete against ‘Walmart of weed’
“Small businesses are the backbone of the country,” said Sarah Grant, general manager of The Dispensary in Richmond. The shop opened last year and sells Delta-8-THC flower and vape cartridges. “It’s hard to compete if you’re going against the Walmart of weed,” Grant...
Marijuana industry has only a couple banking options in New Mexico
Verdes Foundation, one of New Mexico’s largest medical cannabis companies, is set to open its first Santa Fe shop — a dispensary on downtown Shelby Street — at the end of November. It plans another new store in the city in 2022, when the state will launch legal sales...
The First Year: Maine Banks $60 Million in Adult-Use Cannabis Sales With Room to Grow
The $9.7 million in adult-use cannabis sales Maine banked in September might come in the shadows of current retail behemoths like California, Michigan, and Illinois. Through the first half of 2021, California averaged more than $430 million per month in taxable...
Virginia lawmakers explore an earlier start for retail marijuana sales
The start of marijuana retail sales in Virginia could come sooner than initially planned as lawmakers continue to discuss the ground rules for the new industry. The commission that oversees the implementation of state legislation that legalized marijuana recently...
Franchises Create Potential for National Cannabis Brands
The cannabis industry has an inherent limitation restricting the launch of billion-dollar brands and it is not money. Large amounts of capital are now flowing into performing cannabis companies of all sizes, whether locally owned small businesses or large, multi-state...
Who will control legal marijuana sales in NJ? Local players or big companies?
Manuel Caban is a lifelong Camden, New Jersey, resident who was arrested twice for marijuana offenses and a decade ago spent 30 days and then a year in prison for dealing. That, he figures, makes him an ideal candidate for a license to sell cannabis now that New...
Marijuana industry reps try to sell state lawmakers on process to help reduce testing costs in Oklahoma
Cannabis industry representatives told Oklahoma lawmakers during an interim study Monday that adopting standard practices used by food and drug makers could make medical marijuana cheaper and safer. They tried to sell lawmakers on process validation, a system where...
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