Industry Headlines: Page 36

The Cannabist Co. Reports 1st Quarter 2024 Results

The multistate cannabis operator ended the three-month period with $122.6 million in revenue with a gross profit of $42.5 million.

Green Thumb Reports $276M Revenue for 1st Quarter 2024

The multistate cannabis company also reported more than $80 million in cash flow from operations and $31 million in net income for the quarter.

Colorado Legislature Gives Final Approval to Measure Aimed at Streamlining Marijuana Regulations

A bipartisan bill aimed at streamlining the state’s marijuana regulations, including allowing licensed cannabis operators to export and import genetic material to and from authorized individuals or entities in other states or countries, is headed to Gov. Jared Polis for his signature.

South Dakota Group Submits 29K Signatures for 2024 Adult-Use Cannabis Legalization Measure

South Dakotans for Better Marijuana Laws hope three times is the charm in their efforts for state reform.

Rescheduling Would Have Saved Verano $80M in 2023 Tax Payments, CEO Says

The multistate cannabis operator reported $221 million in revenue for Q1 2024 and $113 million in gross profit for the quarter.

Aurora Marks 1st Medical Cannabis Shipment to New Zealand Market

The Canadian cannabis company launched its premium products aimed at redefining patient care.

Blumenauer Unveils Legislative Blueprint, Additional Administrative Action Needed Following Rescheduling

Congressman Earl Blumenauer, founder and co-chair of the Congressional Cannabis Caucus, demands Biden-Harris Administration use “every power available to them” to build on rescheduling.

California City in Cannabis Retail Desert Welcomes 1st Dispensary

Embarc opened the first cannabis store in Madera, located in the state’s Central Valley just outside Fresno.

Cookies Intends to Acquire Cookies-Related Cannabis Assets in Florida

The move represents an important step in executing the company’s corporate strategy through centralized command and control of Cookies’ supply chain.

Verano Opens 3rd Connecticut Social Equity Joint Venture Dispensary

The Zen Leaf store in Naugatuck is the company’s fifth retail location in the state.

SunStream USA Poised to Acquire Cannabis Assets

SNDL, through its joint venture in SunStream Bancorp Inc., today announced the SunStream USA group of companies (collectively, "SunStream USA Group") intends to proceed with the acquisition of equity positions in U.S. cannabis assets, resulting in majority equity positions in select assets of Surterra Holdings, Inc. (d/b/a Parallel) and Greenpeak Industries Inc. (d/b/a Skymint).

AYR Wellness and Lake Erie College of Osteopathic Medicine Partner on Medical Research Studying ‘Quality of Life’ Benefits of Medical Cannabis

The organizations published the results of the first of five studies and co-hosted a Pennsylvania Medical Marijuana Program Research Summit.

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