Business Issues/Benchmarks: Page 69

Curaleaf Announces Closure of Operations in California, Colorado, Oregon

The proactive exit will generate additional cash and improve margins in a non-SAFE Banking environment; 2023 free cash flow is expected to exceed $125 million.

With 12th Generation at the Helm, Farming Family Branches Out to Hemp

The family behind Kentucky Heritage Hemp and Peterson Farms has records dating back to before their ancestors emigrated from Holland to colonial North America. As they continue growing staple crops, they have set their eyes on hemp.

Connecticut Adult-Use Sales Top $2 Million in First Week

The state recorded the highest number of sales on its first day of launch, Jan. 10, which brought in $359,099.

Michigan Smashes Cannabis Sales Record at $2.3 Billion in 2022

Now the nation’s second largest cannabis market, Michigan’s demand continues to skyrocket as the average flower price sinks to $91 per ounce at retail.

Industry Associations Weigh In on 2023 Farm Bill: What’s to Come for Hemp?

With the 2018 Farm Bill set to expire this year, CBT reached out to hemp industry stakeholders to discuss what reforms they are advocating for in the 2023 Farm Bill to address pain points and benefit the hemp industry.

Oregon Shy of $1 Billion in Cannabis Sales for First Time Since 2019

The state’s average wholesale flower price dropped to $550 per pound in December, while the average retail price dipped to $116 per ounce.

'2023 is the Year’: Q&A With U.S. Hemp Building Association President Henry Gage Jr.

Gage describes the USHBA’s latest advancements in the hemp building industry and what the organization has in store for 2023.

MariMed Hires 2 Senior Executives to Strengthen Sales, Marketing and R&D

Matt Truppo joins the company as vice president of retail sales and Jay O’Malley as vice president of marketing and research & development.

First Cannabis Beverage Distribution Center Opens in Minnesota

Fair State Brewing Cooperative has launched Minnesota's first cannabis co-packing distribution center exclusively for hemp-derived beverages.

Use the Winter to Market, Network, and Dream: Help Your Hemp Business in the Off-Season

The winter is the time to cultivate essential parts of a successful hemp business like marketing, networking, and exploring new opportunities.

Connecticut Becomes 18th State to Launch Commercial Adult-Use Cannabis Sales

Individuals 21 years and older in Connecticut can now possess up to 1.5 ounces of flower in public and purchase up to a quarter of cannabis flower, or its equivalent, per transaction.

2023 Cannabis Industry Outlook: 'Tough Times Create Exceptional Organizations'

Merida Capital's Colin Kelley shares his take on what U.S. cannabis markets can expect this year, as well as themes to keep in mind while navigating this challenging time in the industry.

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