Industry Headlines: Page 51

AYR Wellness Reports $114 Million in Revenue for Third Quarter 2023 Financial Results

The multistate cannabis operator’s revenue is up 5% year-over-year with $20 million of operating cash flow generated for the quarter.

Maryland Accepting Applications for 1st Round of New Cannabis Business Licenses

Regulators will accept applications for 179 new licenses through Dec. 12.

Shinnecock Indian Nation of New York Celebrates the Grand Opening of Little Beach Harvest Dispensary

The first tribally owned and operated, tax-free adult-use cannabis dispensary is on Shinnecock tribal territory in Southampton, N.Y.

Montana Judge Blocks ‘Cumulative’ Cannabis Dispensary Fee Hikes

Under a new law signed by the state’s governor, each additional store is more expensive than the previous one to license, but three operators are fighting it.

Kentucky General Assembly Subcommittee Approves Hemp-Derived Product Regulations

The emergency rules aim to provide increased oversight for intoxicating cannabinoids, including delta-8 THC.

Tilray Brands Expands Cannabis Beverage Portfolio With New THC, CBG and CBD Drink Innovations by Top-Performing Canadian Brands

The XMG cannabis brand launches new flavor-packed drinks from its XMG+ line.

Cresco Labs Reports $191 Million Revenue in Third Quarter 2023 Financial Results

The company continued its execution of its year-of-the-core strategy to deliver strong margin and operating cash flow gains, with elimination of over $40 million in annualized operating costs.

Texas Officials Receive More Than 130 Applications for Medical Cannabis Dispensary Licenses

The Department of Public Safety received 132 applications during an application window that ran from January through April.

The Cannabist Co. Reports Third Quarter 2023 Results

The “complicated” quarter included the termination of a merger agreement with Cresco Labs and a corporate restructuring with operational changes.

Marijuana Policy Project Raises Money to Launch Cannabis Justice Fund

“Generous donors” will match every dollar donated to the organization for Giving Tuesday, aiming to raise $20,000 to launch the Cannabis Justice Fund to help secure just and humane cannabis policies nationwide.

Oklahoma Regulators Take Legal Action Against Cannabis Cultivation Facilities Over Noncompliance With Signage Laws

The Oklahoma Medical Marijuana Authority filed 165 petitions for license revocation against licensed growers for failure to display the required signage.

Arizona Cannabis Business Voluntary Recalls Products Due to Possible Aspergillus Contamination

The state’s Department of Health found lab discrepancies that could have led to false negative results for the contaminants being reported.

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