Industry Headlines: Page 45

Curaleaf Receives Approval to Begin Adult-Use Sales in New York

The multistate operator received the nod to open its first adult-use dispensary in the Hudson Valley region.

New York Governor Moves to Repeal Potency-Based Cannabis Tax

In her state budget proposal for the 2025 fiscal year, Gov. Kathy Hochul proposed that New York do away with its potency-based tax structure for licensed cannabis operators.

California Task Force Seized More Than $312 Million in Unregulated Cannabis in 2023

The Unified Cannabis Enforcement Taskforce seized nearly 190,000 pounds of cannabis and eradicated nearly 318,000 plants last year.

Illinois Celebrates 3rd Year of Record Adult-Use Cannabis Sales Growth

Adult-use cannabis sales exceeded $1.6 billion in 2023, setting an annual record.

Michigan Caps Off $3 Billion Year in Cannabis Sales With Record-Breaking December

The state’s licensed dispensaries sold nearly 1 million pounds of cannabis flower in 2023 at an average cost of $92 per ounce to consumers.

Colorado Attorney General Leads Multistate Effort to Support Cannabis Rescheduling

Attorney General Phil Weiser spearheaded a letter signed by 11 other state attorneys general to encourage the Drug Enforcement Administration to reclassify cannabis as a Schedule III drug under the Controlled Substances Act.

Virginia Lawmakers Make Renewed Push to Launch Commercial Adult-Use Cannabis Market

Lawmakers in the House and Senate have introduced legislation that would pave the way for regulated adult-use sales nearly three years after former Gov. Ralph Northam signed a legalization bill.

The Cannabist Co. Announces New CEO, President

Co-founder Nicholas Vita retired as CEO, a position he held since 2012, but he will continue to serve as a member of the company’s board of directors.

Connecticut AG Sues Wholesalers, Retailers in Connection to High-THC Cannabis Sales

The state’s attorney general claims seven companies have repeatedly sold products that don’t comply with legalization standards.

4Front Ventures Transforms Balance Sheet; Names New CEO

The Pheonix-based multistate cannabis operator entered into a conditional agreement with its senior secured lender.

UPDATE: Wisconsin Pro-Legalization Governor Will Go In For Republican Plan

Democratic Gov. Tony Evers, who has pushed cannabis reform through his state budget proposals, says he’ll support a limited program by GOP Legislature.

California Lawmaker Reintroduces Cannabis Café Legislation

Assemblyman Matt Haney has filed a bill to legalize businesses where customers can enjoy food, nonalcoholic beverages and entertainment alongside cannabis after Gov. Gavin Newsom vetoed similar legislation last year.

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