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Michigan. METRC Goes Down.. Is Now Restored

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Although the question is.. are there actually any dispensaries operating at the moment anyway because of the protests?

Talk about the week from hell for Michigan cannabis retail operators. We do feel for you.

Cannabis Business Times reports

The Michigan Marijuana Regulatory Agency (MRA) sent an advisory to stakeholders Monday morning announcing it was aware of problems with METRC, the state’s cannabis tracking system. The system has been down since 8 a.m. local time. That system now is back online as of 10:45 a.m. local time.

The agency directed cannabis business operators to follow its approved contingency plan during the outage. Per MRA’s bulletin:

  • Licensees should record the transfers or transactions during this time outside of the METRC system either within their own third-party system used to integrate with METRC or a stand-alone tracking system.
  • Licensees will need to record all the information normally recorded within METRC during transfers and transactions including but not limited to licensee number, package source tag number, package number, patient number, caregiver number, amount from purchase, date and time of purchase or transfer.
  • Licensees must update METRC with all transfer and transaction information within 24 hours of system restoration.
  • Licensees must review the data uploaded to METRC and determine if there were any over-sales transactions to include sales over 2.5 ounces of marijuana in one day or 10 ounces of marijuana in 30 days. If there were any sales that exceeded the allowable amount for purchase, the licensee must submit the sale information to the MRA within 72 hours at MRA-Compliance@michigan.gov.

Source:  https://www.cannabisbusinesstimes.com/article/michigan-metrc-down-0601/

Source: https://cannabislaw.report/michigan-metrc-goes-down-is-now-restored/

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Cannabis NB reports higher sales and profits in first quarter figures

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FREDERICTON – New Brunswick’s government-owned cannabis retailer is reporting a profit of 1.4 million dollars during its first quarter this fiscal year.

Cannabis NB says total sales for the three-month period ending June 28 were 16.3 million dollars — up almost 79 per cent from the same period last year.

CEO Patrick Parent says the turnaround is the result of aggressive cost-cutting measures, renegotiating prices with suppliers and the addition of weekly promotions.

Premier Blaine Higgs says the finances will be considered as part of a review underway to decide whether to privatize the corporation.

Eight companies submitted proposals, but the review has been delayed by the COVID-19…

Original Author Link click here to read complete story..

Source: https://mmpconnect.com/cannabis-nb-reports-higher-sales-and-profits-in-first-quarter-figures/

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Head of cannabis retailer says Canada needs thousands more stores to compete with black market weed

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The chief executive officer of independent cannabis retailer Fire and Flower Holdings said this week Canada needs 4,000 pot shops in order to compete with the country’s still-thriving black market

In an interview with BNN Bloomberg, Trevor Fencott said the Canadian illicit market for weed is still more efficient than the legal one, which has suffered numerous setbacks since legalization took effect nearly two years ago. The slow rollout of pot shops has been the most commonly-cited culprit behind the less-than-stellar performance of legal marijuana companies. 

“The most efficient market out there is the illicit market. It’s not regulated, but it is efficient. Prohibition or enforcement alone don’t work. You need to compete with the illicit market head-on economically,” Fencott explained. 

In order to achieve this, Fencott suggests Canada should follow Colorado’s model – where one dispensary is opened for every 10,000 residents. This means Canada would need to open as many as 4,000 dispensaries, while less than 1,000 have been opened to date. 

“The way we see this going is that cannabis is ultimately going to be a convenience commodity. You have to give people multiple access points to the product that they want to buy, especially if you want to compete with the illicit market,” he said. 

Aside from the lack of cannabis dispensaries, another important factor driving continued growth in the black market are prices, according to Fencott. Marijuana retailers and companies could bring down prices if they took control of delivery and wholesale buying costs, which are currently managed by provinces. 

“We need to have our own ability to buy wholesale and deliver because that’s what the illicit market does. Until that happens, it’ll just be harder for us to compete with them,” he said. 

In an effort to compete with black market prices, particularly as the gap between legal and illegal pot continues to grow, major players in Canada’s legal industry have all announced budget-friendly products in recent months.

However, the absence of a stronger physical presence of dispensaries has led some observers to slash their growth forecasts for the Canadian cannabis market by nearly $1 billion this year. 

Source: https://greencamp.com/head-of-cannabis-retailer-says-canada-needs-thousands-more-stores-to-compete-with-black-market-weed/

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Dutch cannabis supply to Germany partially restored after short delay

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Dutch medical cannabis shipments to Germany have partially been restored after a short delay, and some German wholesalers started receiving flower deliveries in recent days, Marijuana Business Daily has learned.

MJBizDaily confirmed that at least three German wholesalers – clients of the Dutch Office of Medicinal Cannabis (OMC) – received their June order at the end of last week or so far this week.



On June 11, the OMC said the order could be delayed up to six weeks “due to additional testing.”

Because of the large dependency on Dutch flower, there was a looming possibility of supply interruption, but so far, MJBizDaily hasn’t seen any meaningful shortages among the pharmacies we regularly survey.

In an email to MJBizDaily, the OMC noted that the June orders are now being shipped in phases.

All of Germany’s flower supply for pharmacy dispensing is grown for now in Canada, the Netherlands and Portugal.

Despite the lack of supply diversification, the supply chain and stock levels are more robust than in previous years.

“Although we were aware of market concern about the delay, we never feared there would be a significant impact,” Nick Pateras, managing director of Europe for London-based Materia Ventures – which owns a German wholesaler – told MJBizDaily.

“In fact, we have already received our shipment and have experienced no disruption in our sales to pharmacies.”

Clifford Starke, CEO of Franchise Cannabis, a Toronto-based, European-focused marijuana company that owns two German wholesalers, confirmed to MJBizDaily that Phatebo, one of the Franchise Cannabis German subsidiaries, received its June order last week. The order consisted exclusively of the Bedrocan cultivar flower.

Franchise’s other German wholesaler, ACA Müller GmbH, is still waiting for its June shipment, which is expected next week, Starke said.

Many other German clients of the Dutch government are still awaiting their June shipment.

June shipments might overlap with July orders for some wholesalers – or come close to it.

For July, the OMC emailed its German clients, offering each up to 3 kilograms (6.6 pounds) of flower, Marijuana Business Daily has learned.

That’s less than the June or May orders, which were up to 5 kilograms, and a challenge for German wholesalers that depend exclusively on Dutch supply.

The reduction indicates either that the OMC is taking new clients – which would mean the number of German wholesalers distributing Dutch product surpassed 65 – or that the agency does not have enough stock for the roughly 40 existing clients and is reducing the amount available.

“Germany today is struggling with EU-Good Manufacturing Practice flower supply issues, but that should be sorted in coming quarters as facilities in countries like Portugal come online,” Starke told MJBizDaily.

“It will be increasingly hard for Canadian facilities to be competitive supplying the European market,” he said.

Alfredo Pascual can be reached at [email protected]

Source: https://mjbizdaily.com/dutch-cannabis-supply-to-germany-partially-restored-after-short-delay/

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