New York's Cannabist Co. Brings New Cannabis Infused Products To Maryland's Billion-Dollar Weed Market

The Cannabist Company Holdings Inc. (Cboe CA: CBST) CBSTF 3LP announced the debut of the minority-owned baked goods and infused edibles company, ButACake in Maryland.

The expansion of the collaboration, which dates back to April of 2023, includes the launch of ButACake's oral dissolvable 10mg strips, which are available in 2-packs of Ginger Peach, Chocolate Mint and Blue Blizzard.

Maryland is the third market, following Delaware and New Jersey, where ButACake launched via collaboration with The Cannabist Company.

Read Also: New York Weed Giant The Cannabist Is Selling Its Florida Business, Here’s Why

Legal sales in Maryland began on July 1, 2023. A year later, Maryland Gov. Wes Moore (D) announced that the state's legal weed sales had surpassed $1.1 billion, including adult-use sales of more than $700 million and medical sales nearing $400 million.

"ButACake and its founder Matha Figaro produce some of the most amazing, infused cannabis products, and our customers couldn't agree more,” said Volley Hayhurst, vice president of operations at The Cannabist Company. “We've seen her products disappear as fast as they hit the shelves in New Jersey and Delaware and expect our Maryland customers to love them as well."

Where To Find Them

All products have reached shelves at gLeaf locations in Frederick and Rockville, in addition to the Columbia Care location in Chevy Chase.

Additional ButACake products will be available in the coming months, pending regulatory approvals.

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CBSTF Price Action

The Cannabist Company's shares traded 3.0089% higher at $0.291 per share at the time of writing on Friday morning.