Dr. Greenthumb’s cultivates a new following in Santa Maria. O’ahu patients say aloha to the island’s tenth dispensary. And Louisiana’s new 10,000-square-foot superstore opens its doors in Lake Charles. Here are the new dispensaries openings across America this month. Got a new shop? Put it on the map. Visit Leafly Success to advertise. California Dr. […]
With less than 12 hours to spare before the clock switched over to 2025, New York Gov. Kathy Hochul announced that the state’s legal cannabis inudstry surpassed the $1 billion sales mark since its launch just over two years ago, driven by 275 operational adult-use dispensaries. Not only that, but the number of legal marijuana […]
Total recreational cannabis sales in New York have eclipsed the $1 billion milestone since the adult-use market launched in 2022. That’s according to a New Year’s Eve announcement from Gov. Kathy Hochul’s office. Adult-use marijuana retailers in New York sold about $758 million worth of products in the first 11 months of 2024, putting the […]
Marijuana multistate operator iAnthus Capital Holdings is buying Illinois vape brand Cheetah Enterprises in an all-stock deal valued at $1.5 million. The acquisition is key to iAnthus’ “ongoing strategy to elevate its portfolio” of marijuana brands and “drive long-term growth,” the company said in a news release. Cheetah, based in Chicago, offers premium live resin […]
Cannabis real estate manager Innovative Industrial Properties (IIP) is claiming that multistate operator PharmaCann has defaulted on several of its leases across the country. IIP, a San Diego-based-headquartered real estate investment trust (REIT), alleges in a news release that PharmaCann defaulted on December rent obligations totaling $4.2 million on six properties located in Illinois, Massachusetts, […]
Two years after its rocky start, New York’s legal cannabis market may be finally hitting its stride, with monthly sales soaring to $131 million across 215 dispensaries – a big shift from the single store that opened its doors in Manhattan’s East Village in late 2022. The surge has created an unusually concentrated market where […]
News from: US Farm Bill, Fluent Cannabis, Massachusetts and more. The Daily Hit is a recap of the top financial news stories for Thursday, December 19, 2024. On the Site Farm Bill extension leaves hemp industry rules intact for now, including intoxicating products The farm bill extension would run through March 2025. Read more here. […]
Florida-based Cansortium (CSE: TIUM.U) (OTCQB: CNTMF), which does business as Fluent, has finalized its megamerger with New York-based RIV Capital, (CSE: RIV) (OTC: CNPOF), creating a new multistate operator that has a footprint in four states with 42 operational dispensaries. The move gives Cansortium immediate access to New York, one of the fastest-growing legal marijuana […]
The total number of legal marijuana companies that will be permitted in New York has for years been a moving target, but it appears that regulators are getting closer to figuring out where they’ll come to a stop. Despite the fact that the 2021 state law that legalized the plant included no specific caps on […]
A New York state judge on Thursday blocked cannabis regulators from reviewing retail license applications submitted by prospective social-equity marijuana sellers who hadn’t secured store locations before November 2023, dealing another setback to the state’s rocky rollout of its adult-use market. New York Supreme Court Justice Sharon A. Graff granted a preliminary injunction that affects […]
