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Canada Introduces Proposal to Increase Marijuana Beverage Purchase Limits
As the cannabis industry matures, the cannabis-infused beverage segment is expected to offer fierce competition to other types of cannabis products. Market experts project that the segment will grow at a compound annual growth rate of 16% to achieve a valuation of $2...
Cannabis-infused beverage sales up 40%, helped by consumers seeking convenient products
Sales of cannabis-infused beverages were up 40% last year, as companies sought to capitalize on new marijuana consumers seeking a familiar form of consumption and those looking for an alternative to alcoholic drinks. Marijuana beverage companies, for example, have...
Jushi Holdings Inc. Issues Statement on Virginia Legalizing Cannabis for Adult Use
Jushi Holdings Inc. (“Jushi”) a vertically integrated, multi-state cannabis operator, issued the following statement on the Commonwealth of Virginia legalizing cannabis for adult use. In the fall of 2020, Jushi, through its 100% owned Virginia-based pharmaceutical...
Indus acquires fellow California cannabis firm Lowell Herb for $39M
Indus Holdings said it has acquired another well-known California marijuana brand, Lowell Herb Co., in a cash-and-stock deal worth $39 million. The terms of the acquisition include $4.1 million in cash along with 22.6 million shares of Indus, which trades on the...
Canadian Pension Fund Unloads Some Cannabis Shares adds Aphria
A large Canadian pension manager unloaded some cannabis investments over the past couple of years while raising its holdings in licensed producers Aphria and Aurora Cannabis, according to regulatory filings with the U.S. Securities and Exchange Commission. Public...
Ohio could triple the number of medical marijuana dispensaries. But not until next year.
For Stormy Clark, there’s no such thing as a quick trip to get her medicine. A patient in Ohio’s medical marijuana program, Clark must drive 64 miles from her home in Proctorville, across the Ohio River from Huntington, W.V., to the nearest retail store in Jackson....
Florida’s marijuana industry nearly doubled jobs, approached $1.23 billion in sales in 2020
The medical marijuana market in Florida created nearly 15,000 new jobs in 2020 and employs an estimated 31,444 state residents, according to a new analysis. Florida recorded nearly $1.23 billion in marijuana sales in 2020, according to the report posted by Leafly and...
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