Industry Headlines: Page 56

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.

Vermont to Halt Licensing of Larger Cannabis Grows to Protect Small Farmers

Cannabis Control Board Chairman James Pepper said regulators will not issue new licenses for large-scale indoor and outdoor cultivators for the foreseeable future.

Planet 13 Announces Q3 2023 Financial Results

The company reported Q3 2023 revenue of $24.8 million.

New Jersey's First Service-Disabled Veteran and Latino Owned Dispensary Opens in Jersey City

The Cannabis Place has announced the grand opening of its New Jersey flagship dispensary location this Thursday, Nov. 9, at 4:20 p.m.

California Dispensary Says Costa Mesa Stalling on Licensure; Demands City Issues Cannabis Business Permit

High Seas, a cannabis retail boutique, has charged that the city is intentionally harming it by preventing opening “without just cause.”

Ohio's Cannabis Market Projected to Exceed $1 Billion in Sales By 2027

After Ohio's cannabis legalization victory Nov. 7, BDSA estimates that combined medical and adult-use sales will hit $1.65 billion in 2027.

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