Business Issues/Benchmarks: Page 61

Michigan Sells Record $250 Million of Cannabis in March, Despite $87 Ounces

The state’s retail market is thriving on record demand for dried flower, vape cartridges, concentrates, edibles and more.

Emerging Cannabis Markets Expected to Be Big Players on 4/20

Ben Burstein of LeafLink says flower and preroll sales are expected to increase on the holiday this year, with new cannabis markets largely driving that growth.

Delaware Governor Has ‘No Updates’ on Adult-Use Cannabis Bills, Which May Become Law Even Without His Signature

Gov. John Carney has not publicly announced whether he’ll sign or veto a pair of legalization bills, but the state constitution suggests that time has run out on this issue.

Tilray to Acquire HEXO in $56-Million Deal

The transaction is expected to close in June.

PharmaCann Virginia Loses Appeal Over Disputed Cannabis License

An appeals court judge ruled that the Virginia Board of Pharmacy used proper discretion when it rescinded the company’s conditional license in mid-2020.

MSOs Verano, Acreage Fined by New Jersey Regulators, Again

The cannabis companies’ Zen Leaf and The Botanist dispensaries each received $5,000 in penalties related to patient access.

Illinois Approaches $4 Billion in Cannabis Sales; Out-of-State Numbers Continue to Slip

The Prairie State’s first quarter sales are up 6% over last year despite fewer Missourians crossing the state line to make purchases.

New Mexico’s Adult-Use Cannabis Market Rakes in More Than $300 Million During First Year of Sales

The state’s dispensaries have processed more than 6 million adult-use transactions since the market launched on April 1, 2022.

Learn How to Survive the Market Downturn at Cannabis Conference

Claudio Miranda, co-founder and CEO of Guild Enterprises, reflects on Cannabis Conference 2022 and why operators should attend the conference this year.

Expanding Your Dispensary From Medical to Adult-Use Sales? Here Are 7 Tips for Success.

Industry stakeholders at Cannabis Conference shared advice for medical cannabis retailers expanding to serve a broader adult-use market.

5 Tips to Refine Hand-Trimming Techniques

How to standardize this post-harvest step to consistently meet efficiency and quality goals.

Sale-Leasebacks in Cannabis: A Tale of Two Markets

While the broader sale leaseback market flourished, sector specific headwinds delivered a challenging year for the cannabis sector.

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