Marijuana Sales

Illinois Cannabis Sales Back On Track In October Hitting $142.3M After Slight September Dip

Medical Marijuana Shop Closes Down In South Dakota, What Went Wrong?

Cheech & Chong Open Cannabis Shop In Maine And More New Stores Where You Can Buy Legal Weed

Medical Marijuana Shop Closes Down In South Dakota, What Went Wrong?

Cheech & Chong Open Cannabis Shop In Maine And More New Stores Where You Can Buy Legal Weed

Here's Where To Buy Legal Weed: These States Get New Stores As Cannabis Legalization Looms

Cannabis Sales Bloom In First North Carolina Weed Store, Marijuana Footprint In Florida Grows As Rec Legalization Looms, And More Store Openings

Here's Where To Buy Legal Weed: These States Get New Stores As Cannabis Legalization Looms

Cannabis Sales Bloom In First North Carolina Weed Store, Marijuana Footprint In Florida Grows As Rec Legalization Looms, And More Store Openings

Cannabis Retail Giant High Tide Ramps Up Offering For Millions Of Customers

Cannabis Sales In Michigan Soar To $295.4M For A Recording-Breaking August

Marijuana Sales Recent News

Weed Sales Lead Connecticut's Cannabis Market Growth Despite Drop In Medical Sales

Connecticut cannabis market is showing indications of a continued upward trajectory, according to last month's combined marijuana sales. The data from the state Department of Health and Human Services revealed recreational cannabis sales reached $17.9 million in August, while medical sales dropped to $7.6 million, totaling $25.6 million for the period. That's up from, $24.6 million in July and $23.9 million in June, as highlighted by Green Market Report's John Schroyer.

First Weed Shop In North Carolina, Why Are D.C. Medical Marijuana Shops Closing Down? More New Places To Buy Legal Cannabis

The first legal recreational cannabis store in North Carolina is slated to open its doors to customers on Saturday, Sept. 7 at 91 Bingo Loop Road in Cherokee, Swain County. Great Smoky Cannabis Co., an Eastern Band of Cherokee Indians (ECBI) medical marijuana announced this summer that recreational cannabis was available to adult members of the ECBI and other federally recognized Native American tribes. Now the store opening celebration is about to take place.

Cannabis Retail Giant High Tide Elevates Online Shopping Experience, Here's How

High Tide Inc. (NASDAQ: HITI) (TSXV: HITI) (FSE: 2LYA) announced on Tuesday it's re-launching the website of its flagship Canadian brick-and-mortar retail brand, Canna Cabana. The new website features the latest tech, resulting in an enhanced user interface and overall improved customer experience. "Our newly enhanced website boasts a sleek, modern design that prioritizes user experience, offering intuitive navigation and visually engaging content," Raj Grover, the company's founder and CEO said. "Every element of this new website has been meticulously crafted to ensure that our online presence will exceed member expectations, reflecting our commitment to quality and innovation."

Here's Where To Buy Legal Weed: Khalifa Kush's Store In Las Vegas, West Hollywood's LGBTQ+ Owned Cannabis Dispensary And More

In Michigan, Benzinga's home state, NOXX Cannabis announce the grand opening celebration of its Woodward dispensary this Saturday, Aug. 24. Detroit's Corktown is set to introduce Wake-N-Bakery, originally from Chicago, which will open its doors at 1441 Elizabeth Street. Green Qween, a pioneering Queer cannabis dispensary, announced earlier this month the opening of West Hollywood's first LGBTQ+owned dispensary in the Rainbow District.

Curaleaf Will Sell Weed To New Yorkers At Two Additional Retail Locations, Opens New Medical Cannabis Dispensaries

Curaleaf Holdings, Inc. (TSX: CURA) (OTCQX: CURLF) announced on Thursday that it will open two new medical dispensaries, as well as begin co-located adult-use sales at two existing medical dispensaries in New York. Curaleaf Rochester, located at 532 Chili Ave, Rochester, NY 14611, is opening its doors to customers on Thursday, July 25. The grand opening event will be held on Friday, July 26, featuring live local music, food trucks, and prizes. Curaleaf Syracuse, located at 4141 South Salina St, Syracuse, NY 13205, will open in the coming weeks, pending regulatory approval.

Cannabis Is Flying Off The Shelves In These Five States, Earning Billions For Marijuana Companies

The number of states where recreational weed is legal is growing each year. Top-selling states like California and Michigan have reported $2.1 billion and $1.6 billion, respectively, in sales for the first half of 2024. As Green Market Report's compilation of sales data showed, Illinois with its roughly $851 million figure in legal marijuana sales for the first half of 2024 came third. Massachusetts and Missouri followed suit with $795 million a $709 million, respectively in recreational cannabis sales reported in the first six months of 2024.

Michigan, Top Seller Of Legal Cannabis In US Reports Flat Sales In June, Colorado's Marijuana Downturn Continues

Much like in May, Michigan marijuana sales remained relatively flat in June, with a total of $278.8 million in cannabis products sold last month. In May, that figure was slightly higher at $279.6 million, while $278.5 million worth of marijuana goods was sold to Michiganders in April by the state's legal dispensaries. As New Cannabis Ventures reported, citing data from the Michigan Cannabis Regulatory Agency, June sales increased by 6.9% year-over-year. That's "the slowest annual growth in over two years," NCV's Alan Brochstein said.In Colorado, May sales have followed suit dropping to $113 million from $120 million in April –touted as the worst April sales performance since 2016, data by the state Department of Revenue suggested. As highlighted by Green Market Report's John Schroyer, May figures alongside last November's are the lowest the state has seen since February 2018.

3-Story Cannabis Shop In Times Square, First Social Equity Marijuana Shop Shuts Doors And More New Stores To Buy Legal Weed

A three-story cannabis shop on Seventh Ave. in Manhattan will open its doors to customers this fall. Edmonton gets a new cannabis store, too.

Tyson's Weed Accessory Shop In Amsterdam, Oregon's Psilocybin Center, Trulieve Ramps Up In Florida And New Places To Buy Marijuana

As support to legalize recreational cannabis is growing in Florida, medical cannabis giant Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) continues to ramp up its retail footprint statewide.ast week, cannabis retail shop Island Time reopened following a legal saga around Massachusetts' stringent regulations prohibiting the transportation of cannabis products across state territorial waters. The Prairie Island Indian Community located in Southeastern Minnesota soft-launched cannabis sales at Island Pezi cannabis dispensary.Kaya Holdings, Inc. (OTCQB: KAYS) announced on Tuesday that its licensed psilocybin treatment center in Portland, Oregon, The Sacred Mushroom will open for business on Friday, July 5, 2024. The company said psilocybin treatments will be available immediately to eligible guests.

Weed Dispensaries Drive Up Home Values, New Analysis Of Legal Cannabis Sales Shows Impact On Housing Prices

According to a recent study by Tomo, which compiles real estate data to help home buyers by providing relevant information to make more informed purchases, it can actually add value to your home."On average, if a dispensary opens in your area, you're likely to see an additional $4,400 increase in your property value each year," the results suggest.

Cannabis Products To Try This Summer, Here's What Tilray Has In Store

Tilray Brands, Inc. (NASDAQ: TLRY) (TSX: TLRY) announced on Wednesday the Good Supply launch of its 'Summer Shareability' campaign. The Canadian cannabis giant said "The brand is putting their most shareable and convenient formats front and center, along with exciting flavors that are perfect for any warm weather gathering," to celebrate the summer months.

California Cannabis Co. Launches TikTok Shop, Wants A Share Of Billion-Dollar Marketplace

California-based cannabis producer and distributor Rodedawg International Industries, Inc. (OTC: RWGI), announced on Wednesday the launch of its own TikTok Shop. The move came nearly two years after the company acquired Tree Moguls, a premium cannabis lifestyle brand based in Southern California.The company said the move is aimed at leveraging the e-commerce potential of TikTok, considering that it has over 1 billion active users worldwide. Moreover, an analyst from Statista now predicts that e-commerce sales on TikTok Shop are projected to reach $11 billion by the end of 2024, the company said in a press release.

Here's Where To Buy Legal Weed: Nevada's Deep Roots Harvest Has New Owner, Shops In Three States That Just Launched Sales

C21 Investments Inc. (CSE: CXXI) (OTCQX: CXXIF) has completed the previously announced acquisition of a 6,500-square-foot, purpose-built, operational retail cannabis dispensary in South Reno, Nevada. The company's wholly-owned Nevada subsidiary, Silver State Relief, LLC, bought Deep Roots Harvest, Inc. in a $3.5 million deal.Higher Collective, a cannabis retail brand "committed to social equity," announced the grand opening of its fifth location in Torrington, Connecticut . From The Earth State Line in Kansas City, Missouri kicked off cannabis sales recently.Schwazze,opened its 35th New Mexico dispensary last week.

Colorado Cannabis Sales Bounce Back In March, Michigan's April Figures Tell A Different Story

Colorado cannabis sales rebounded in March, reaching $126.6 million and up from $114.4 million in February, according to the Colorado Department of Revenue's report from last week. However, year-over-year, sales are down considering March 2023 sales of $139.6 million.Following a record of $288.8 million in cannabis sales in March, Michigan cannabis sales for April fell to $278.6 million, representing a sequential decrease of 3.6%. Year-over-year, cannabis sales increased 13.2%, according to the Michigan Cannabis Regulatory Agency's data.

Cannabis REIT Chicago Atlantic Closes $20M Facility With Massachusetts Weed Co. That Plans To Expand In These Key Markets

Massachusetts-based integrated cannabis operator Nova Farms has received a $20 million loan facility from Chicago Atlantic Real Estate Finance. Nova Farms manages a Massachusetts cultivation farm, seven retail brands, and five full-service dispensaries across the Bay State, Maine, and New Jersey. It was among the first businesses to secure licenses in Massachusetts upon the state's legalization of recreational cannabis back in 2016. Chicago Atlantic's capital investment is expected to back Nova Farms' efforts to expand its footprint of dispensaries in key states, namely New Jersey and Connecticut.

Here's Where To Buy And Consume Weed: New Cannabis Shops, Consumption Lounges And More

Another Record-Breaking Month For New Mexico's Cannabis Industry, Here's How Much Retailers Garnered In March

Here's Where To Buy Legal Weed: New Stores Launching Cannabis Sales Ahead Of 4/20, Part 1

Cannabis sales in Illinois seem to be thriving. In 2023, the licensed cannabis retailers sold more than $1.6 billion worth of cannabis, marking the third consecutive year of substantial growth in this sector. As a result, the burgeoning market will continue to expand in 2024. MariMed announced earlier this month the opening of its permanent and much "bigger" Thrive dispensary in Casey. As talks around possible recreational legalization heat up in Florida, several companies expanded their retail footprints statewide. Three cannabis companies opened store in the state, including Trulieve, Green Thumb and AYR Wellness.As New Jersey is paving its way toward reaching $1 billion in cannabis sales in 2024, two businesses recently opted to launch cannabis sales, including C3 Industries and Holistic Re-Leaf. Pennsylvania cannabis patients can make their purchases at two new storefronts, by PharmaCann Inc.and Cresco Labs.

One Of America's Biggest Banks Spearheads Cannabis Support With $1M Credit Line

First Citizens Bank provided a $1 million working capital line of credit to MC Nutraceuticals, a hemp-derived cannabinoid supplier. This move follows FCB's recent decision to enter the cannabis banking business, making it the largest bank to do so. MC Nutraceuticals, a company operating since 2019, will use the credit to support its strategic growth plans. The company distributes various hemp-derived products through e-commerce channels globally. First Citizens Bank's Cannabis Banking Director highlighted MC Nutraceuticals' reputation for quality products and service, expressing enthusiasm for supporting their expanding business. This partnership reflects a significant step towards mainstream acceptance and financial support for the cannabis industry, demonstrating a positive shift in attitudes towards the sector.

What's Hot And What's Not In Cannabis: Dutchie's Advice On How Dispensaries Can Thrive In 2024

In 2023, the U.S. had more cannabis dispensaries than McDonald's, prompting curiosity about the most popular cannabis products. Dutchie, a cannabis tech platform, revealed that pre-rolls, flower, and edibles saw revenue growth, while topicals and tinctures sales declined. Christine Shriver from Dutchie attributed this trend to price sensitivity, with consumers prioritizing affordability over other factors. Despite a 9% increase in item sales, aggressive discounting offset revenue growth. Shriver emphasized the importance of brand loyalty and personalization to combat mass discounting in the cannabis industry. Additionally, challenges like the illegal market and product differentiation through education were highlighted. Dispensaries were advised to focus on enhancing consumer understanding, providing low-friction payment options, and building brand loyalty through personalized shopping experiences. Digital ordering systems like Dutchie Pay were shown to increase basket sizes, offering a potential solution to combatting aggressive discounting.

Dem-Backed Push Clears Path For Weed Sales In Virginia, Now It's Up To Gov. Youngkin Who Shows No Interest

The Virginia Senate panel approved a compromise bill to legalize and regulate recreational cannabis sales, moving it to the Senate Finance and Appropriation Committee. The bill, HB 698 by Del. Paul Krizek, was passed after House members approved a competing measure, SB 448 from Sen. Aaron Rouse a day earlier. Both bills aim to allow retailers to enter the cannabis market by a specific date. While the legislators are making progress, Governor Glenn Youngkin has expressed disinterest in opening a retail market for recreational sales, focusing instead on areas of agreement for Virginia's development. Despite differences in timelines and details, the lawmakers involved have worked together transparently to reach a compromise on the significant and necessary legislation. The bills are expected to continue advancing through the legislature, shaping the future of Virginia's cannabis market.

Here's Where To Buy Legal Weed: Seven States Open New Cannabis Dispensaries

The cannabis revolution continues to grow with new dispensary openings across seven states. In Texas, Right on Brands and Texas Original launched new retail locations, while New York welcomed RIV Capital and Etain's new co-located dispensary. NYC Bud in Long Island City offers a unique subway-themed shopping experience. Additionally, CODES opened a new pop-up in Missouri, Curaleaf relocated its Phoenix Airport dispensary in Arizona, Sweetspot Farms launched a new store in Connecticut, Trulieve Cannabis Corp. expanded in Florida, and Verano Holdings Corp. added Zen Leaf Norristown to its Pennsylvania locations. These latest openings underscore the increasing acceptance and accessibility of cannabis products for both medical patients and recreational consumers nationwide.

Here's Where To Buy Legal Weed: Denver's Marijuana SEO Service, New Consumption Lounge In NC, NYC And More

Wicky Marketing, a digital marketing agency specializing in the cannabis industry, has launched SEO services designed to enhance the online presence of cannabis dispensaries in Denver. North Charlotte neighborhood in Charlotte, North Carolina recently got a consumption-based lounge with cannabis-infused drink. Two cannabis retail licensees in New York were recently approved to open two new dispensaries on the Upper East Side in New York City, Cannabis multi-state operator C3 Industries Inc. kicked off recreational cannabis sales at its new retail locations in Illinois and Michigan.