In Parts One, Two and Three of my series on Retail Inventory Management, I talked about adding vendors, replacing vendors as well as methods of quality control and tips as to how to constantly be achieving the perfect store inventory. Part Four of the series I will add to these points by discussing what types of […]
Retailers
Retail Inventory Management Part Three
Today we will be continuing our series on inventory management and control in retail cannabis shops which are operating in a state legal, compliance driven environment. In previous articles, I discussed a process for adding new products in your store, preventing aging inventory and dealing with dated inventory to manage cash flow effectively, as well […]
Retail Inventory Management, Part Two
Today, we will be discussing inventory and inventory management in Part two of a series on inventory management and control. Previously, we discussed our system for evaluating new products to determine what makes the cut and onto our shelves. Part two will deal with drilling down on what type of products will be carried. In the […]
An Operator’s Insights on Retail Inventory Management, Part One
Good afternoon. My name is Rob Hendrix and as many of you may know, I own a State legal retail cannabis shop in Central Washington State, in my hometown of Ellensburg. We opened in August 2014 and have been successful, profitable and most importantly, violation free. I have always said owning and operating a retail cannabis shop […]
Follow the Money: Managing Cash in Cannabis
By Gary Cohen Chatter surrounding cannabis and banking is loud. The Senate Consumer Protection and Financial Institutions subcommittee held a hearing on access to banking for state-legal cannabis businesses. The House Financial Services committee held its first-ever hearing on the issue as well. Both took testimony from industry participants and financial institutions alike, both sides […]
Cresco Labs Opens Third Pittsburgh Area Dispensary and Launches Online Ordering in Western Pennsylvania
PRESS RELEASE NEW KENSINGTON, Pa.–(BUSINESS WIRE)– 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 […]
MedMen Completes Previously Announced Acquisition of Illinois Dispensary
PRESS RELEASE February 08, 2019 07:00 AM Eastern Standard Time LOS ANGELES–(BUSINESS WIRE)–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 […]
One of DC’s Own and Her Partners Open Anacostia Organics
Congratulations go out to my friend and new District of Columbia medical marijuana retail licensee Linda Mercado Greene and her partners for their grand opening of Anacostia Organics. It’s always nice to see the good guys (gals) win one and CBE looks forward to watching team AO kick some ass generating revenues, jobs and taxes […]
Mom & Pops are Making it Happen in Maryland: Charm City Medicus
Recently, CBE has focused its company stories on large licensee consolidators primarily due the public funding efforts of many of them. We recognize that the licensed marketplace is still, for the large part, composed of smaller start-ups that are serving patients in their respective markets and wanted to share the story of Charm City Medicus, […]
FDA Updates its Position on CBD upon Signing of Farm Bill
Hours after President Trump signed the 2018 Farm Bill into law, the FDA released a lengthy statement from its commissioner, Scott Gottlieb, M.D., updating its position on CBD products intended for human consumption. Flexing its muscle, the FDA points out that the Farm Bill “explicitly preserved the agency’s current authority to regulate products containing cannabis […]
Scientists search for marijuana’s holy grail — consistent highs
“No one ever knows what they’re getting, and it’s a huge problem,” one scientist said. WEST HOLLYWOOD, Calif. — Holiday shopping was in full swing Friday at a boutique on Santa Monica Boulevard, where an automatic sliding door welcomed browsers off the street. Inside the well-lit shop decorated with Christmas wreaths, glass cabinets filled with […]
Essence Cannabis Dispensary Awarded Record Number of New Licenses in the State of Nevada
PRESS RELEASE LAS VEGAS, Nev. – December 11, 2018 – Essence, Las Vegas’ largest marijuana dispensary and cultivation operation, is pleased to announce it was awarded a record number of new dispensary licenses in the state of Nevada, one of the only limited license, adult-use cannabis markets in the U.S. Essence applied for and was […]
Have A Heart Makes Its Debut In Iowa With Two New Medical Cannabis Dispensaries
PRESS RELEASE Cannabis retailer arrives in the quad city with grand openings in Council Bluffs and Davenport December 08, 2018 11:00 AM Eastern Standard Time COUNCIL BLUFFS, Iowa & DAVENPORT, Iowa–(BUSINESS WIRE)–This weekend, Have a Heart celebrates the grand openings of its first stores in Iowa. The company will bring its deep expertise in the […]
The east coast’s first Recreational Cannabis market opened up today with sales kicking off at New England Treatment Access (NETA) Northampton, MA.
PRESS RELEASE Leaf Logix powers the first recreational cannabis transaction east of the Mississippi Northampton, MA Nov. 20th, 2018 – LeafLogix, a full vertical seed-to-sale cannabis ERP powered Massachusetts’ first recreational transaction this morning, marking yet another historic day for the cannabis industry and legalization movement. The Massachusetts Cannabis Control Commission on Friday informed NETA that they […]
When To Vape? For Many It’s First Thing in the Morning
We write about vapes with much muscle, and for good reason — the category has been booming for years, and is sure to continue to do so as states around the country embrace legal cannabis sales. To date, most of the vape insights — vapesights? — have hinged on retail sales at dispensaries. What is […]
MedMen Acquires First Dispensary in San Francisco Bay Area
PRESS RELEASE Company Expands Footprint in its Home State into Northern California LOS ANGELES (October 10, 2018) – MedMen Enterprises Inc. (“MedMen”or the “Company”) (CSE: MMEN) (OTCQB: MMNFF) (FSE: A2JM6N) today announced that it has signed a definitive agreement (the “Agreement”) to acquire a licensed dispensary from Berkeley Patients Group (“BPG”) in Emeryville, California. As a result of the transaction, MedMen will […]
Walmart Canada exploring possible sale of cannabis-based products
Walmart’s Canadian unit is exploring the possibility of selling cannabis-based products, but has no immediate plans for selling them. Walmart is the first major retailer to show an interest in being part of Canada’s burgeoning marijuana industry. Walmart’s Canadian unit said on Tuesday it is exploring the possibility of selling cannabis-based products, but has no immediate […]
MedMen Acquires Illinois Dispensary, Continues its U.S. Expansion
PRESS RELEASE Acquisition Grows Brand’s Presence to Country’s Three Largest Metropolitan Areas LOS ANGELES (October 3, 2018) – MedMen Enterprises Inc. (“MedMen” or the”Company”) (CSE: MMEN) (OTCQB: MMNFF) (FSE: A2JM6N) today announced that it has signed a definitive agreement (the “Agreement”) to acquire Seven Point, a licensed medical cannabis dispensary located in the historic Chicago suburb of Oak Park, […]
