It’s been five years since California launched adult-use cannabis sales in 2018, and nearly two-thirds of the state’s cities and counties still prohibit dispensaries within their jurisdictions. To encourage more local governments to host cannabis retailers, the California Department of Cannabis Control (DCC) announced Feb. 14 that it has launched... Read more

Canada’s fifth largest publicly traded cannabis company by market cap, Alberta-based SNDL Inc. (formerly Sundial Growers Inc.) announced Feb. 13 it had initiated cost-saving measures that include laying off roughly 85 employees. Company executives called the changes to operations a “rightsizing of cannabis cultivation” at their Olds, Alberta, facility.... Read more

The guinea pig of adult-use cannabis legalization in the U.S., Colorado is now facing the sharpest downturn in the nation, according to finalized 2022 sales figures recently released by the state’s Department of Revenue (DOR). Licensed Colorado retailers recorded nearly $1.8 billion in adult-use and medical cannabis sales in... Read more

When Lex Corwin founded Nevada City, Calif.-based Stone Road Farms in 2016, almost 100% of the company’s accounts were collect on delivery (COD). It was a simple model: A retailer would order products, Stone Road would deliver it, the retailer would pay for the products, and then sell them and... Read more

Former Virginia Gov. Ralph Northam signed an adult-use cannabis legalization bill into law nearly two years ago—in April 2021—but commercial adult-use sales won’t be launching any time soon after lawmakers rejected legislation this week to create a regulated market. The Republican-controlled House of Delegates voted Feb. 14 to kill a... Read more

Amid ongoing cannabis price compression and fierce competition with the illicit market, University of California, Davis economists Daniel Sumner and Robin Goldstein have been analyzing these industry challenges to assist plant-touching and ancillary cannabis businesses, politicians and regulators. In June 2022, the economists published the book, “Can Legal Weed... Read more

MIAMI, Feb. 13, 2023 – PRESS RELEASE – Ayr Wellness Inc., a leading vertically integrated U.S. multistate cannabis operator, announced that Jonathan Sandelman has transitioned to executive chair, where he will continue to serve the company’s board of directors, and David Goubert, current President of Ayr, has assumed the... Read more

It’s no secret that price compression has become a significant challenge for cannabis operators over the last several months. One market that has taken a hit with plummeting prices is Michigan. In December 2022, the average retail price for an ounce of adult-use flower dropped to $91—an all-time low... Read more

The New Jersey Cannabis Regulatory Commission (CRC) took several steps to tweak the state’s cannabis regulations at its Feb. 8 meeting, including issuing a recommendation to remove the cap on cultivation licenses. The commission’s Permitting and Licensing Committee recommended that the current limit of 37 licenses expire on Feb.... Read more

PRESS RELEASE – Gov. Kathy Hochul today announced the opening of the third Conditional Adult-Use Retail Dispensary (CAURD) location in Manhattan, N.Y. The opening of the store advances New York State’s Seeding Opportunity Initiative and the state’s goals of equity in cannabis licensing, which prioritizes providing licenses to justice-involved... Read more