Industry Headlines: Page 115

Guam Regulators Prepare to Accept Adult-Use Cannabis Business License Applications

The Department of Revenue and Taxation will start accepting applications Aug. 29.

Tilray Brands, Inc. Reports Record Fiscal Year 2022 Results

FY2022 Net Revenue Grew 22% to $628 Million Compared to the Prior Year; On a Constant Currency Basis, Net Revenue Increased by 29%.

Ayr Wellness Expands Pennsylvania Footprint

The cannabis MSO launched Kynd premium flower statewide and will open its ninth state dispensary in Indiana County.

Twice the Required Signatures Not Enough (Yet) For Missouri Cannabis Ballot Initiative

Initial reports show Legal Missouri 2022 is coming up short on verified signatures in some of the state’s more rural districts.

Zimbabwe Looks to Approve Hemp-Based CBD Products as Medicine for Patients

The Medicine Control Authority of Zimbabwe is accepting applications for the approval to sell such products as complementary medicines.

TerrAscend Opens Third New Jersey Cannabis Dispensary in Lodi

The 5,000 square-foot dispensary, located at 200 NJ-17, features a spacious showroom and interactive “bud bar," where shoppers can see and smell the product before purchase.

12 Rhode Island Towns Opt In For Adult-Use Cannabis Ballot Referendum

Coventry and Cumberland are two of the more populated municipalities where voters will have a say in hosting forthcoming adult-use operators.

Michigan Cannabis Flower Dives to $122 Per Ounce, An All-Time Low

Overall sales continue to climb despite the average retail flower price dipping $87 per ounce from June 2021 to June 2022.

Curio Wellness Launches Two Product Lines Focused on Gut Health and Active Lifestyles

The brand has developed one of cannabis industry’s first lines of gastrointestinal aids using advanced plant science to deliver targeted solutions.

Illinois Adult-Use Cannabis Sales Reach $1.5 Billion

Sales are up 50% from last year, and the state has received nearly $450 million in tax revenue.

Unity Rd. Opens First Medical Cannabis Establishment in South Dakota

The dispensary is serving patients in Hartford and beyond.

Minority Cannabis Business Association and Amber Littlejohn Announce Transition

Littlejohn will be transitioning out of the role as executive director to pursue new opportunities in the cannabis industry, and MCBA Board President Kaliko Castille will serve as interim executive director.

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