Annual legal marijuana sales at licensed dispensaries in Nevada have steadily decreased each year since the market peaked in 2021 at just over $1 billion, and during the last fiscal year sales totaled just $829.2 million, largely thanks to a burgeoning illicit trade. According to data from the Nevada Cannabis Compliance Board, the state’s underground […]
Cannabis cafes could make more headlines this year with California moving to normalize consumption lounges and Massachusetts regulators setting up an entirely new program. California On Wednesday, California cafes officially became legal, opening up new opportunities for an industry that has often been required to keep consumption out of the public eye. The scene has […]
Vancouver-based C21 Investments Inc. (CSE: CXXI) (OTCQX: CXXIF) bucked state cannabis market trends with a 14% sequential revenue jump to $7.5 million in its fiscal second quarter, as its new south Reno location helped offset broader headwinds. The retail segment generated $7.1 million in the second quarter, up 10% from $6.4 million in the year-ago […]
