Industry Headlines: Page 86

Verano Announces 3Q 2022 Financial Results

The company’s third quarter 2022 revenue increased 2% versus the prior quarter and 10% year-over-year to $228 million.

Curaleaf Unveils Strategic National Rebrand for Grassroots

The brand expands into California with the launch of Grassroots' Diamond-Infused Pre-Rolls and Grower's Reserve program.

New York’s Cannabis Licenses Latest Target of Commerce Clause

A federal judge issued a temporary order blocking the issuance of adult-use retail permits in five regions of the state.

Global Alliance for Cannabis Commerce Discusses Federal and State Cannabis Policy Ahead of Congressional Hearing Testimony

GACC leaders Randal John Meyer and Rezwan Khan broke down some of the industry trade group’s approaches and positions on state and federal reform.

Charlotte's Web Signs European Specialty Distributor Stark Foods International

Stark Foods distributes some of the world's top food brands with coast-to-coast U.S. coverage.

Could Recent Legalization Measures Be Overturned in Court?

Maryland and Missouri voters have legalized adult-use cannabis. Experts weigh in on whether these measures could be challenged in court.

LA County’s Measure C Passes, Establishing Tax Structure for Cannabis Businesses in Unincorporated Areas

The measure would impose a “relatively low” tax rate for retail, cultivation, manufacturing, testing, distribution and cannabis-related businesses in these areas when they are permitted.

Aroma More Important To Cannabis Flower Appeal Than THC: New Research

A study from Dr. Ethan Russo, Jeremy Plumb and others suggests cannabis flower smell, not THC percentage, is what drives consumers’ preferences.

Wana Brands Foundation to Donate $3 Million to Johns Hopkins for Cannabis, Psychedelic Research

WBF is a $50-million charitable organization created by the international cannabis-infused edibles brand Wana Brands.

Massachusetts Cannabis Flower Prices Drop 42% in Past Year

While 2022 adult-use cannabis sales are up 11.6% over last year, the average price per ounce fell to an all-time low of $220 in October.

Minnesota Opens Hemp License Applications for 2023

Individuals must apply or renew their licenses by April 30, 2023.

STIIIZY Introduces New Line of CBN Gummies

The gummies are meant to help consumers unwind and relax.

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