Industry Headlines: Page 48

The Cannabist Co. Celebrates Approval of Adult-Use Wholesale Distribution, Retail Sales in New York

The company will commence wholesale deliveries of products from its Riverhead and Rochester cultivation facilities to retail locations statewide.

Curaleaf Exits Vermont Market in Sell-Off to Social Equity Operator

The multistate operator sold its two dispensaries and a greenhouse cultivation and manufacturing facility to Zenbarn Farms.

Ascend Wellness Opens 3rd Ohio Dispensary Ahead of Adult-Use Legalization

The company plans to open two more retail facilities in the Buckeye State later this year.

CFIG Releases Business Guide for Cannabis Banking Options

The Cannabis Financial Industry Group published the guide to help cannabis-related businesses better assess financial institutions offering services.

MariMed Commences Cannabis Processing Operations in Illinois

The facility in Mt. Vernon makes MariMed a vertically integrated operator in the state, where the company also has five Thrive dispensaries.

California Cannabis Dispensaries Report $1.25 Billion in 3Q Sales

The nation’s largest cannabis market is on pace for $5.2 billion in adult-use sales for 2023, representing a 4.4% decrease from 2022.

90% of Virginia’s Patients Purchase Cannabis Outside of State’s Medical Market, Study Reveals

A study mandated by the General Assembly found that Virginia’s medical cannabis program is struggling to capture patients, in part due to high prices.

Maryland Supreme Court Declines to Hear Case on Hemp-Derived THC Sales, Keeping Products on Store Shelves

The state’s highest court will not review the Washington County Circuit Court’s order blocking a provision in Maryland’s adult-use cannabis law that prohibited some retailers from selling hemp-derived THC products.

New Hampshire Commission Tasked With Studying State-Run Model for Cannabis Sales Completes Work, Offering No Recommendations

Meanwhile, Gov. Chris Sununu has said he would like a limit of 15 stores and a ban on lobbying and political contributions by cannabis licensees.

California Governor Signs Cannabis Licensing Reform Act Aimed at Helping Small Cannabis Farmers

The legislation, sponsored by Sen. Mike McGuire, allows cultivators to either pause their license fee and maintain an inactive license, or reduce their license size based on crop size.

Ohio Lawmaker Introduces Legislation to Allow Municipalities to Restrict Adult-Use Cannabis

Rep. Gary Click’s House Bill 341 would give local governments the authority to ban cannabis use and home grow, as well as impose additional taxes.

Green Thumb to Open RISE Dispensaries in Tampa and Crystal River on Dec. 1, Expanding its Footprint to 13 Locations in the Sunshine State

These store openings bring the company’s retail footprint to 13 in Florida and 89 nationwide.

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