Starbucks To Convert Some Stores To Cannabis Dispensaries
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Star Bucks wants to convert some of its coffee shops into cannabis dispensaries.
The retailer says it signed a strategic alliance with a marijuana clinic operator to develop and operate a network of recreational pot stores.
Starbucks -branded stores will initially be located across Western Colorado, expanding to include additional locations where legally permissible.
Star Bucks will apply for licenses to dispense cannabis products and, upon receipt, work with applicable franchisees to construct retail stores carrying cannabis products.
Star Bucks warrants to sell an aggregate of 5,000,000 common shares of the company to a marijuana clinic operator at an exercise price of 10 cents per common share that expire in April 2023
Colorado business groups call for workplace rules around marijuana
Shoppers Drug Mart signs medical marijuana supply deal with Aurora Cannabis
According to the National Institutes of Health, people have used marijuana, or cannabis, to treat their ailments for at least 3,000 years. However, the Food and Drug Administration have not deemed marijuana safe or effective in the treatment of any medical condition.
a man holding a marijuana leaf.
Marijuana is being increasingly legalized in the U.S., but is it safe?
This tension, between a widespread belief that marijuana is an effective treatment for a wide assortment of ailments and a lack of scientific knowledge on its effects, has been somewhat exacerbated in recent times by a drive toward legalization.
Twenty-nine states plus the District of Columbia have now made marijuana available for medical — and, in some states, recreational — purposes.
A recent study published in the journal Addiction also found that use of marijuana is increasing sharply across the United States, although this rise may not be linked to the legalization of marijuana in participating states. Nevertheless, this rise in use is prompting major public health concerns.
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