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StaffSeptember 15, 2022
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5min2310

The Daily Hit is a recap of cannabis business news for Sept. 15, 2022.

ON THE SITE

Schwazze To Snap Up Two Colorado Lightshade Dispensaries

Schwazze (OTCQX: SHWZ) (NEO:SHWZ) has agreed to acquire Lightshade’s adult-use dispensaries in  the Denver area: one in Aurora and the other in Denver’s Washington Park neighborhood. The acquisition continues the multistate operator’s aggressive expansion in Colorado and will bring the company’s total number of dispensaries in the state to 25 upon deal closing. Read more here.

Glass House Closes On Another Natural Healing Center Dispensary

Glass House Brands (OTCQX: GLASF) is a step closer to shoring up its M&A grabs. The company closed on its acquisition of the Natural Healing Center dispensary located in Morro Bay, California, after being granted local regulatory approvals. Consolidation of the financial results of the Morro Bay store into Glass House’s financials will be effective immediately, so Glass House will end the third quarter with seven retail dispensaries. Read more about Glass House’s expansion strategy here.

Green Market Report’s Cannabis Tech Awards Profile: Meadow, Best Retail Tech

Meadow’s complete suite of connected tools support smarter cannabis dispensary sales, as well as marketing, inventory and compliance management. With real-world feedback from high-volume retail partners since 2014, its software is optimized to help cannabis retailers sell more products, stay fully compliant with state and local regulations, keep staff and customers happy, and boost the bottom line. This is why Green Market Report honored Meadow at the first ever Green Market Report Tech Awards in San Francisco. Read more about Meadow’s innovative retail platform here.

IN OTHER NEWS

Report: More Than 100,000 Cannabis Jobs In Connecticut, New Jersey and New York by 2025

CannabizTeam, a cannabis-focused executive search and staffing firm, released its 1st Tri-State 2022 Cannabis Industry Salary Guide, a comprehensive report that provides insights into the rise and revenue potential of the tri-state market as it gains medical and recreational cannabis licenses. The report forecasts that the cannabis industry in Connecticut, New Jersey and New York will employ more than 100,000 people by 2025, but the industry will continue to rely heavily on temporary or on-demand staffers as they build out their infrastructure. Read more here.

Washington Department of Financial Institutions Approves Bankcard International Group’s PIN Debit Payment Services for Cannabis Dispensaries

Bankcard International Group (B.I.G.), a provider of cannabis merchant accounts for payment processing, announced that its services have been approved by the Washington State Department of Financial Institutions. Traditionally, cannabis businesses have had to use “workaround” solutions for electronic payments or accept cash only. B.I.G. provides the ability for cannabis retailers to accept PIN debit card payments just like traditional retail businesses. Read more here.


StaffSeptember 13, 2022
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6min1820

The Daily Hit is a recap of cannabis business news for Sept. 13, 2022.

ON THE SITE

Intra-Industry Ballot Measure Fight Brewing In Several L.A. County Cities

A political fight is building to a possible November crescendo in at least three beach towns in Los Angeles County, in which state-licensed marijuana companies are both supporting and opposing multiple ballot questions that are, on their face, pro-cannabis.

At issue are local ballot measures in Hermosa BeachManhattan Beach and Redondo Beach that would  force the cities to issue new cannabis business permits. But not everyone is happy with how the measures achieve that. Read more here.

PharmaCann Buys The Clinic For Undisclosed Amount

PharmaCann, one of the nation’s largest privately held, vertically integrated cannabis companies, is buying all four locations of The Clinic, a group of boutique Colorado marijuana dispensaries. The amount paid was not disclosed.

The planned acquisition will likely see all The Clinic locations rebranded to the popular LivWell brand.  Upon completion of the acquisition, LivWell, the state’s leading cannabis brand, will enjoy the largest presence in Colorado with 26 dispensaries in the Centennial State. Read more here.

Leading Testing Lab Could Soon Detect Same-Day Cannabis Use

Quest Diagnostics (NYSE: DGX) struck a deal with Hound Labs to become the sole provider of test results for a breathalyzer that can identify cannabis use within a few hours of testing. The partnership will give employers the ability to figure out whether an employee ingested or inhaled cannabis products immediately before or during the workday. Read more here. 

Fire & Flower Revenues Tick Down, Tech Services Improves

Fire & Flower Holdings Corp. (TSX: FAF) (OTCQX: FFLWD) posted mixed results as it faced industry-wide headwinds during the second quarter ended July 30. The company found some buoyancy during the period with its tech services, such as its delivery and member program.

Same-store sales were down year-over-year but increased sequentially on strength from the Spark Perks Member Pricing program. Read more here.

Green Market Report’s Cannabis Tech Awards Profile: CannaBiz Media, Best Platform Design

Sales and marketing are critical aspects of growing a business, but Cannabiz Media’s License Database goes further than any other customer relationship management platform to meet these goals for cannabis businesses. This is why Green Market Report honored Cannabis Media at the first ever  Green Market Report Tech Awards in San Francisco. Read more about Cannabiz Media’s innovative platform here.

IN OTHER NEWS

Green Acre Capital Distribution Corp. Increases Stake In US Distribution Joint Venture With Humble & Fume

Green Acre Capital Distribution Corp. invested $6 million into HC Solutions Holdings, its joint venture with cannabis distributor Humble & Fume (CSE: HMBL) (OTCQX: HUMBF), increasing its ownership interest to 45%. Green Acre funded its investment through an option agreement with Johnson Brothers, a wine, spirits and beer distributor in the United States. Read more here.


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The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis


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By continuing I agree to your Privacy Policy and consent to receive relevant newsletters and other email communications on events, editorial features, and special partner offers from Green Market Report. I can unsubscribe or change my email preferences at any time.