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Montana’s Adult-Use Cannabis Sales Revenue Tops $12.8 million in First Month
Montana’s adult-use cannabis industry is on track to yield $130 million—a sales prediction made by the Governor’s budget office—in its initial year of operation. Adults age 21 and over have been legally allowed to purchase a maximum of one ounce of recreational...
West Virginia Awards Medical Cannabis Processor Permits To Ten Companies
West Virginia regulators have awarded medical cannabis processor permits to ten companies. The ten companies that received the medical cannabis processor permits include multi-state operators. The companies are Trulieve WV Inc., Harvest Care Medical LLC, Buckhannon WV...
Marijuana multistate operators set to capitalize on new markets, but small firms face hurdles
Marijuana multistate operators are well-positioned to thrive in adult-use cannabis markets created by the Nov. 3 election, but small businesses – including minority- and women-owned firms – face challenges such as access to capital. Four publicly traded MSOs are...
White-label branding might be marijuana industry’s next hot trend
The complexity and cost of obtaining cannabis licenses have many brands turning to white-label branding. White labeling, a practice common among mainstream businesses, is when a product is produced by one company but packaged and branded to make it appear as if...
N.M. Medical Cannabis Program on Track to Break $200M Before Year End
Combined patient sales from the 34 licensed producers in New Mexico’s Medical Cannabis Program totaled $55 million for the third quarter of 2020, an increase of $21 million reported patient sales in the third quarter of 2019. Ultra Health topped all producers in the...
State Reveals Stores Have Sold Marijuana Products Valued at Half a Billion Dollars
For the sixth consecutive month, Illinois has crushed yet another cannabis sales record, having reached a $500-million-worth benchmark of legal marijuana products that have been bought since the program was launched at the start of this year. Illinois has shown that...
Valens Signs Multi-Year Cannabis Extraction Agreement with Tantalus Labs
Valens GroWorks Corp, a multi-licensed, vertically integrated provider of cannabis products and services focused on various proprietary extraction methodologies, distillation, cannabinoid isolation, and purification, as well as associated quality testing is pleased to...
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