Retail dispensaries are a cornerstone of the legal cannabis market. Opening a retail cannabis shop can be a huge challenge without the proper resources. Read articles, news, and more about cannabis retail:
Thu / Feb 29th
Virginia lawmakers have passed bills to establish a regulated adult-use cannabis market by May 2025, aiming to transition from a $3 billion illicit market to a safe, regulated, and taxed environment.
Wed / Feb 28th
A recent survey by the California Department of Cannabis Control reveals that 86% of Californians believe it is important to purchase cannabis from legal sources, highlighting a growing preference for the regulated market over unregulated alternatives.
Wed / Feb 28th
Oregon’s legal cannabis market experienced a downturn for the second consecutive year in 2023, with sales dropping to $955 million from a peak of $1.2 billion in 2021, amid challenges of oversupply and stagnant retail prices.
Fri / Feb 23rd
New Jersey’s cannabis sales have reached over $2 billion since 2018, with a significant boost from the adult-use market launched two years ago, as reported by the state’s top cannabis regulator to lawmakers.
Tue / Feb 20th
Ohio Governor Mike DeWine is urging state legislators to approve a proposal that would allow medical cannabis dispensaries to also cater to adult-use customers, following voter approval of adult-use cannabis but without the implementation of a market.
Mon / Feb 19th
Virginia’s legislative chambers are advancing separate proposals to begin regulated adult-use cannabis sales by next year.
Thu / Feb 8th
Massachusetts cannabis dispensaries achieved a record $1.56 billion in sales in 2023, amidst industry challenges and regulatory upheaval, showcasing the maturing market and consumer demand for legal, lab-tested cannabis products.
Thu / Feb 1st
Despite local moratoriums and market saturation challenges, cannabis sales in Michigan reached a record $3 billion last year, with the majority coming from adult-use transactions.
Wed / Jan 31st
As the cannabis industry continues to evolve, 2024 promises to be a year of significant change, from product development, to… Read More
Tue / Jan 30th
A Virginia Senate committee advanced a bill to create an adult-use cannabis marketplace, aiming for sales by 2025, despite uncertainty about its reception by Governor Glenn Youngkin, who has expressed disinterest in facilitating adult-use cannabis sales.
Thu / Jan 25th
About one-third of cannabis consumers say that if the expected federal shift to Schedule III were to require prescription-based transactions at pharmacies instead of the well-established dispensary model, they would go back to relying on the illicit market.
Wed / Jan 24th OPINION
Editor’s note: this article is a guest contribution from Guillermo Rodriguez of Anders CPA. Cannabis dispensaries play the retail game… Read More
Thu / Jan 18th
In a recent report prefacing the state’s upcoming adult-use cannabis market, Minnesota officials said they will need to license at least 381 cannabis dispensaries to satisfy the state’s legalization law.
Mon / Jan 8th
Canadian cannabis operators destroyed a record amount of legal cannabis in 2022 and 2023. Since the market’s 2018 launch, licensees have now destroyed about 3.7 million pounds of product, largely due to the products being too old or low-quality.
Thu / Jan 4th
Starting this year, the Oklahoma Medical Marijuana Authority will be utilizing “secret shoppers” in its effort to regulate the industry. Under the new law, regulators will anonymously purchase products and have them tested by a lab.
Tue / Jan 2nd
The adult-use cannabis industry in New York generated more than $150 million in revenue during its first year of licensed operations despite a lawsuit that sparked a months-long injunction against licensees opening their businesses.
Fri / Dec 22nd
Rhode Island cannabis dispensaries earned more than $100 million in combined medical and adult-use sales during the state’s first year of adult-use operations.
Thu / Dec 21st
The embattled multi-state cannabis operator MedMen announced this week it is selling off its Arizona- and Nevada-based assets as part of its strategic restructuring toward an “asset-light growth strategy” in the company’s core markets.
Thu / Nov 30th
A recent report found that because medical cannabis prices in Virginia are so high, about 90% of registered patients are purchasing products from outside the state’s medical cannabis market.
Wed / Nov 29th
Data from the cannabis tech company Weedmaps found that retail cannabis sales on the day before Thanksgiving — dubbed “Green Wednesday” by the industry — surpassed average cannabis sales on Black Friday.
Mon / Nov 27th
Budtenders at the Strawberry Fields dispensary in Columbus, Ohio voted to join Teamsters Local 413, becoming the first dispensary workers in the state to join the union.
Tue / Nov 21st
Missouri cannabis retailers sold $113.1 million worth of adult-use products in October, according to data from the state Department of Health and Senior Services.
Mon / Nov 13th
The medical cannabis market in Ohio is expected to hit $520 million this year, according to cannabis industry intelligence firm BDSA, which also predicts the state’s combined cannabis markets will total $820 million in 2025.
Thu / Nov 9th
The number of registered medical cannabis patients in New Mexico has dropped significantly from the May 2022 peak of more than 135,000 to about 85,000.
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