Industry Headlines: Page 126

Columbia Care Announces Approval of Business Merger With Cresco Labs at Special Meeting of Shareholders

Columbia Care shareholders overwhelmingly supported the merger with 98.5% of votes cast in favor of the business deal.

Minnesota Brewing Company Launches THC- and CBD-Infused Beverage

The company introduced the product following the new state law that went into effect July 1, which legalized the sale of cannabis beverages and edible products infused with hemp-derived THC.

CORRECTION: Trulieve Announces Registration Statement Filing

This press release corrects a prior version the company published on July 7, 2022, to update the timing for effectiveness of the registration statement.

Indiana University Researchers Receive $2 Million Grant to Study Cannabis Use in Adolescents

Neuroscientists in the IU Gill Center for Biomolecular Science received the funding from the NIH’s National Institute on Drug Abuse to study the effects of cannabis use in adolescents ages 12 to 14.

Montana Cannabis Legalization Trends: Adult-Use Sales Up, Medical Sales Down

The state has banked $148 million in total sales during the first half of 2022.

High Tide to Acquire Nine Operating Retail Cannabis Stores from Choom Holdings

The company is set to enter the British Columbia market with the acquisition of two stores in Vancouver.

The Parent Company, Curio Wellness Partner in Maryland

The licensing agreement between both sides will introduce The Parent Company’s brands and products in Maryland late this year.

Illinois Adult-Use Cannabis Sales Hit $2.8 Billion in First 2 1/2 Years

The state’s 2022 sales are up 20% over the first sixth months of 2021.

New Mexico’s Adult-Use Cannabis Sales Top $21 Million in June

Including medical sales, the state’s licensed dispensaries sold nearly $38 million worth of cannabis products last month.

Arizona Auditor General: Department of Health Services Slow to Enact Changes to Medical Cannabis Fund

Auditors determined that department officials have been slow to address changes that were recommended three years ago.

Oklahoma’s Adult-Use Cannabis Ballot Initiatives: One Group Submits Signatures to Secretary of State While Another Ramps Up Petition Drive

Oklahomans for Sensible Marijuana Laws turned in roughly 164,000 signatures this week to qualify its measure for the November ballot, while Oklahomans for Responsible Cannabis Action continues signature-gathering efforts across the state.

Trulieve Announces Grand Opening of Hurricane, W.Va., Medical Dispensary

The new location opens on July 6; the grand opening celebration is scheduled for July 9.

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