Business Issues/Benchmarks: Page 98

Florida Appeals Court Denies Demand to Open Cannabis License Application Window

The decision comes despite the Florida Health Department’s constitutional obligation to issue more than 20 new licenses based on patient numbers.

Flora Growth Acquires No Cap Hemp Co

The acquisition provides the opportunity to expand Flora’s distribution foothold in the U.S. market with a unique collection of products with strong revenue growth potential.

US Senator Urges Senate to Approve SAFE Banking Act During Banking Hearing

Sen. Bob Menendez, a senior member of the Senate Banking Committee, urged passage of the banking reform legislation during a hearing this week titled “Current Issues in Insurance.”

New Poll Reveals That Two-Thirds of Voters Support Cannabis Banking Reform

A new Independent Community Bankers of America poll, conducted by Morning Consult, showed that 65% of voters support allowing cannabis-related businesses to access banking services in state-legal markets.

Southern Illinois University Carbondale to Host Meeting to Examine Hemp’s Potential

The symposium will address various topics related to hemp fiber and seed crops and their produced products.

Veritas Brings Cannabis 'Four-Packs' to Colorado

The Aurora, Colorado-based operator is doing its part to creatively meet the local consumers’ needs while embracing education and experiences in the process.

Montana Adult-Use Cannabis Sales Set Record, Approach 75% of Market

The state’s combined medical and adult-use cannabis sales eclipsed $26.8 million in August.

Verano Expands Nevada Footprint With Sierra Well Acquisition

With the acquisition, Verano’s Nevada portfolio now totals five dispensaries and two cultivation and production facilities throughout the state.

New Mexico’s Total Cannabis Sales Set New Record in August

The state’s total medical and adult-use cannabis sales surpassed $40 million last month.

Glass House Completes Acquisition of Natural Healing Center Dispensaries in Grover Beach and Lemoore

The company is also expected to complete the transactions of NHC dispensaries in Morro Bay and Turlock by the end of this year.

Ayr Wellness’ Partner Wins Provisional Cultivation License in Connecticut

Connecticut Cultivation Solutions aims to serve Connecticut communities at large, particularly those negatively impacted by cannabis prohibition.

Western Michigan University To Offer Cannabis Marketing Course in Spring 2023

The course will be offered through WMU’s Haworth College of Business and will focus on several key areas of interest in cannabis, including consumer traits, ethical and responsible marketing, retail channels, and more.

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