Florida Retail Footprint Grows Amid Rec Legalization Talks
Two fierce competitors in the Florida medical marijuana market have recently expanded their retail footprints.
Trulieve Cannabis Corp. TRUL TCNNF kicked off cannabis sales at 5037 Hwy 90 in Pace.
The new store offers greater access to Florida medical cannabis patients in Santa Rosa and Escambia counties across the Interstate 10 corridor.
"We consistently seek opportunities to better serve medical cannabis patients with convenient locations, great customer service experiences and a broad selection of top-quality products," Trulieve's CEO Kim Rivers said.
Come see Kim Rivers at the Benzinga Cannabis Capital Conference, the place where deals get done, this Sept 27-28 for its 17th edition.
One of Trulieve's main competitors, medical marijuana giant Cresco Labs Inc. CRLBF CL (FSE:6CQ), opened a second Sunnyside medical cannabis store in Jacksonville last week.
Located at 2725 College St., the new shop joins its sister location in Jacksonville Beach in providing patients with greater access to best-in-class cannabis products from the company's branded portfolio.
Charlie Bachtell, the Cresco's CEO and co-founder, will also join other top executives, CEOs and entrepreneurs at Beniznga's fall event.
Some companies that are also positioning themselves for the potential legalization of recreational marijuana in the state include Planet 13 and AYR Wellness, Inc. Planet 13, the Las Vegas cannabis operator has its eyes on VidaCann's 26 Florida dispensaries, while AYR opened three retail locations in Orange County.
A legalization initiative is expected to go to the voters in 2024, that is if the Supreme Court and Attorney General Ashley Moody don't manage to push the industry off the ballot.
Greenthumb Dispensary Backed By B-Real
In California, one of the state's most recognized cannabis retailers opened a new store on Saturday.
A day-long celebration was hosted by B-Real, rapper of legendary hip-hop group Cypress Hill and a cannabis entrepreneur, at Dr. Greenthumb's new West Los Angeles store at 12235 Wilshire Blvd.
Stash Dispensaries' new Orland Hills, IL Store Opens
Stash Dispensaries' new Orland Hills, Illinois, cannabis store also held a grand opening event on Saturday, Sept. 16.
Stash CEO Matt Longo said a new shop at 9545 W 167th Street has something for everyone, from food trucks to vendor pop-ups.
Boston Gets New Weed Store
Pure Oasis opened a new store at 85 Devonshire Street in Downtown Boston.
Situated in the heart of the Boston community, the new Pure Oasis store will serve as a beacon of education and empowerment, not only for cannabis consumers but for the community as a whole, the company said recently.
High Tide's New Ontario Store
High Tide Inc. HITI HITI 2LYA recently opened its new Canna Cabana retail cannabis store located at 9025 Airport Rd, Brampton, Ontario.
The opening will mark High Tide's 156th Canna Cabana branded retail cannabis location in Canada and the 52nd in Ontario.
"Our Cabana Club is rapidly growing across the country, and our innovative discount club model is exceptionally well received across Ontario," Raj Grover, president and CEO of High Tide, said.
The Benzinga Cannabis Capital Conference, the place where deals get done, is returning to Chicago this Sept 27-28 for its 17th edition. Get your tickets today before prices increase and secure a spot at the epicenter of cannabis investment and branding.
Photo: Courtesy of Konektus, Photo by Shutterstock
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