Cresco Labs (CSE:CL) (OTC:CRLBF) (“Cresco” or “the Company”), one of the largest vertically integrated multistate cannabis operators in the United States, today announced the opening of a CY+ dispensary in New Kensington, Pennsylvania. To commemorate the opening, Cresco welcomed Pennsylvania Lieutenant Governor John Fetterman to cut the ceremonial ribbon and to speak about the opioid crisis plaguing the state and Cresco’s role in advancing medicinal cannabis as a safe and accessible alternative for patients. With New Kensington as the third CY+ dispensary to open in Pennsylvania, Cresco has licenses for three more dispensaries planned to open during the second quarter of 2019. Continue reading “Cresco Labs Opens Third Pittsburgh Area Dispensary”
MedMen Enterprises Inc. (“MedMen” or the “Company”) (CSE: MMEN) (OTCQX: MMNFF) (FSE: A2JM6N) is pleased to announce that it has closed its previously announced acquisition (the “Acquisition”) of Seven Point, a licensed medical cannabis dispensary located in the historic Chicago suburb of Oak Park, Illinois.
Pursuant to the Acquisition, the Company paid a combination of cash at closing, deferred cash and subordinate voting shares of MedMen, for an undisclosed total amount. Continue reading “MedMen Completes Previously Announced Acquisition of Illinois Dispensary”
Nevada’s recreational marijuana industry hit a new high, selling more than $37.9 million in October. The state has earned nearly $20 million in marijuana tax revenue since the adult-use market launched in July.
“We are pretty on target with projections, maybe a little over,” Department of Taxation spokeswoman Stephanie Klapstein told the Las Vegas Review-Journal. Continue reading “Nevada’s Recreational Marijuana Market Hits $38 Million, Soars Past Colorado”
Time and again I have warned cannabis industry participants that federal prohibition means nothing when it comes to liability created by defective products. Colorado is a prime example of the threat and the power of cannabis product recalls. And though for years now we’ve seen various cannabis businesses in Colorado pull their products from the shelves for illegal pesticides and/or manufacturing under unsanitary conditions, we have yet to see an official product recall for cannabis in the state of California. Continue reading “California Cannabis: Prepare Now For Your Upcoming Product Liability Wake-Up Call”
There’s a new joint in town.
MedMen, one of the largest marijuana retailers in the country, opened its newest medical marijuana dispensary last month in Santa Ana, making its 3,000 square feet of retail space one of the largest dispensaries in the county. Continue reading “This Santa Ana Dispensary Wants to Change the Way You Buy Cannabis”
Oregon is rolling out another first in the recreational marijuana industry: Customers may now order pot from licensed retailers and have it delivered to their homes.
The Oregon Liquor Control Commission had granted delivery permits to 117 retailers across Oregon, including 13 in Portland, last year but postponed their permission until last month. Continue reading “Oregon Begins Marijuana Home Deliveries”