Zinger Key Points
- MariMed announced earlier this month the opening of its permanent and much bigger Thrive dispensary in Casey, Illinois.
- Three cannabis businesses opened new shops in Florida, including Trulieve, Green Thumb and AYR Wellness.
- In New Jersey, C3 Industries and Holistic Re-Leaf launched new stores.
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As Benzinga Cannabis Capital Conference returns to Florida, in a new venue in Hollywood, on April 16 and 17, gathering top CEOs, investors and leaders in the cannabis industry, let’s scroll through the latest store openings in the burgeoning space.
Illinois Cannabis Market Continues To Grow
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 Inc. MRMD MRMD announced in early March the opening of its permanent and much “bigger” Thrive dispensary in Casey. The dispensary has operated from a temporary location since opening in October 2023. Located at 912 N. State Highway 49, near the intersection of State Highway 49 and U.S. Interstate 70, Thrive Casey is the company’s fifth operational dispensary statewide.
Florida's Cannabis Retail Footprint Grows As Rec Legalization Looms
As talks around possible recreational legalization heat up in Florida, several companies expanded their retail footprints statewide.
The proposed legalization amendment is backed by Smart & Safe Florida (SSF) and funded by cannabis retailer Trulieve Cannabis Corp. TRUL TCNNF, which recently announced the opening of a new express medical cannabis dispensary in Palm Bay. Located at 4940 Babcock Street NE, Trulieve Palm Bay is the company’s second dispensary dedicated solely to express pickup orders.
Trulieve’s founder and CEO Kim Rivers will be at the Benzinga Cannabis Capital Conference in Florida along with dozens of other cannabis movers and shakers.
On March 1, RISE Dispensaries, a cannabis retail chain owned by Green Thumb Industries Inc. GTII GTBIF kicked off cannabis sales at its 15th retail location in the Sunshine State and 92nd nationwide. Located at 11192 N. Williams St., RISE Dispensary Dunnellon offers medical cannabis patients a range of high-quality THC and CBD products.
Miami-based cannabis operator, AYR Wellness Inc. AYR AYRWF recently announced the relocation of AYR Cannabis Dispensary Tallahassee to 1525 W. Tennessee St, Tallahassee, Florida 32304.
Ayr’s president and CEO, David Goubert will also be on hand at the Benzinga Cannabis Capital Conference in Florida.
Pro-tip for Benzinga readers: Secure your tickets for the conference ASAP. Prices will increase very soon! You can get a 20% discount on tickets following this link right now.
New Jersey's Two New Cannabis Stores
As New Jersey paves its way toward reaching $1 billion in cannabis sales in 2024, two businesses recently launched cannabis sales.
C3 Industries Inc., a multi-state cannabis company celebrated the grand opening of its High Profile Lakehurst dispensary on March 15, with a ribbon-cutting ceremony on Sat. March 16. Located at 145 NJ-70, Lakehurst, NJ 80733, the new store is the company's first retail location in New Jersey, and its 24th dispensary nationwide.
Holistic Re-Leaf, at 321 Mt. Hope Ave. in the Rockaway Township Mall also celebrated its grand opening on March 15. Just an hour outside New York City and conveniently situated off Route 80 with lots of parking space, Holistic Re-Leaf dispensary seeks to become the center of holistic health and wellness in the community.
Pennsylvania Cannabis Businesses Expand
Starting in March, Pennsylvania cannabis patients have two new shops.
PharmaCann Inc. opened its Verilife South Philadelphia dispensary at 1300 S. Christopher Columbus Boulevard, Suite 11B, expanding the company’s retail presence to nine retail Verilife locations statewide and 56 locations nationwide.
Cresco Labs Inc. CL CRLBF 6CQ recently opened Sunnyside Gettysburg, at 1380 York Rd., #300, just off US Route 15 and 10 minutes away from the Gettysburg Battlefield Historic District. The move brought the company's store count to 15 dispensaries in Pennsylvania and 72 locations nationally.
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The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.
Get your tickets now on bzcannabis.com – Prices will increase very soon!
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