Business Issues/Benchmarks: Page 123

Arkansas Records Over $22.4 Million in Medical Cannabis Sales for May

Sales show a slight dip compared to April, which banked $24 million.

HEXO Reports Third Quarter 2022 Results

HEXO Corp reported its financial results for the fiscal quarter ended April 30, 2022.

North Carolina House Approves Bill to Legalize FDA-Approved THC Medications

The legislation’s passage could signal that a separate Senate-approved bill to legalize medical cannabis is dead for the year.

Michigan Cannabis Dispensary Adds Drive-Thru to Serve Customers

The drive-thru will be used to fulfill online orders only.

Federal Judge Grants Preliminary Injunction, Removes Signature-Gathering Obstacle for Nebraskans for Medical Marijuana

The preliminary injunction blocks the Nebraska Secretary of State from enforcing a rule that requires petitioners to collect signatures from 5% of registered voters in each of the state’s 38 counties.

HEXO Enters Into Amending Agreements to the Transaction Agreement With Tilray Brands and the Standby Agreement With KAOS

Market conditions dictate the resetting of the agreement terms.

Massachusetts 2022 Adult-Use Cannabis Sales Increase Nearly 21% Over 2021 (So Far)

Despite the year-over-year increase, the state’s $120 million in May sales is a flatline from past two months.

Ultra Health, New Mexico Cannabis Patients Sue Health Insurers

The class-action lawsuit seeks to force health insurance companies to provide full coverage for medical cannabis used to treat behavioral health.

Alabama’s Medical Cannabis Market Expected to Launch Spring 2023

Businesses seeking cultivation, processing, transportation, testing and retail licenses can start submitting their applications this fall.

Lantern Announces Delivery Partnership With Doobie In Massachusetts

Doobie marks Lantern's first partnership with a direct-to-consumer delivery operator.

Zoning Ordinance Halts Ascend Wellness Dispensary Sales in New Jersey

Within less than four hours of launching adult-use operations, the multistate operator’s retail facility in Montclair had to cease serving adult-use customers.

Colorado to Create Task Force to Regulate Hemp-Derived Products Like Delta-8

What does this mean for the retailers selling hemp-derived products with delta-8 THC?

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