Retail

Canopy Growth Corporation announced it will divest itself of its Canadian retail cannabis operations as it takes steps to continued growth as a consumer packaged goods company. 

New York received more than 900 applications for its first round of retail adult-use cannabis dispensary licenses, of which there are 150 available. 

If Missouri voters approve legalization this November, the state’s adult-use cannabis industry could generate between $250 million and $300 million in sales during its first few years.

Vermont regulators issued the state’s first retail licenses for adult-use cannabis shops this week ahead of an October 1 deadline.

A group of New York state lawmakers sent a letter last week urging New York City Mayor Eric Adams to “move swiftly” in clamping down on illegal cannabis sales.

A federal proposal would give small-scale cannabis companies the ability to operate on a direct-to-consumer model to help the smaller operations compete with large, corporate entities once cannabis is finally legalized nationwide.

Illinois has topped more than $1 billion in 2022 cannabis sales by the end of August which represents a 16% year-over-year increase from the previous year.

The union worker’s strike over wages in British Columbia has resulted in about 500 job losses and the closure of 50 cannabis retail locations.

New York has opened the application process for conditional social equity retail licenses and nonprofit organizations that assist justice-involved individuals. 

Ontario-based Truss Limited has issued a recall for three lots of its XMG Cola — over 37,000 units — due to concerns that tiny “pinhole leaks” could form in the cans, leading to possible leakage and loss of carbonation.

Arshad Lasi is CEO and co-founder of The Nirvana Group, a vertically integrated Oklahoma cannabis company.

According to the New Jersey Cannabis Regulatory Commission, total adult-use cannabis sales reached $80 million during the program’s first 10 weeks.

Rhode Island’s November elections will see 31 municipalities voting on whether they will opt into allowing adult-use cannabis retail sales and the resulting cannabis industry tax revenues.

In Maine, where 93% of municipalities have been resistant to allowing adult-use cannabis sales, cannabis regulators are now offering up to $20,000 as an incentive for cities and towns to allow cannabis businesses.

New Mexico set yet another new cannabis sales record in July, totaling $40.3 million in the combined medical and adult-use markets.

Cannabis sales in Colorado hit $153.68 million for the month of May, a 32% decline from the state’s all-time high in July 2020.

Arizona’s adult-use cannabis sales reached $75.5 million in April which represents a decrease of $5 million from March.

Burb Cannabis Corp. is set to open a retail shop on the University of British Columbia campus this fall.

Washington D.C. Councilmembers are set to vote on an emergency bill today eliminating the need for a doctor’s note to purchase medical cannabis by allowing individuals to ‘self-certify’ that they use cannabis for medical purposes.

Cree Robinson is the Co-Founder of touCanna, a software platform linking cannabis dispensary operations, data, and team management.