New Mexico reports record cannabis sales of $52 million in March

New Mexico set a monthly record for recreational and medical cannabis sales with more than $52 million in March.

Canadian cannabis sales drop 11.5% from December to January

Retail sales of legal adult-use cannabis in Canada tumbled by 11.5% from December to January, totaling 400.1 million Canadian dollars ($294.2 million).

Retailer High Tide reports break-even net income, record cannabis sales

Canadian cannabis retailer High Tide reported break-even net income and positive free cash flow in its financial results for the first quarter of fiscal 2024.

Minnesota cracking down on illegal cannabis sales before adult-use launch

Cannabis retailers in Minnesota selling product before the state officially launches legal adult-use marijuana sales risk getting a $1 million fine and jeopardizing their chances of getting MJ business licenses when they become available later.

Virginia adult-use cannabis sales could begin in May 2025 under compromise bill

Adult-use cannabis sales in Virginia would finally begin in May 2025 under a compromise proposal that advanced in the state’s Democratic-controlled General Assembly.

Canadian recreational cannabis sales surpass CA$5 billion in 2023

Canadian recreational cannabis sales were worth 5.07 billion Canadian dollars ($3.8 billion) in 2023, an increase of 12.2% compared to 2022, according to government retail sales data released Thursday.

Delaware’s adult-use cannabis sales launch delayed until 2025

Delaware’s launch of adult-use cannabis sales has been pushed back to 2025.

Canopy shakes up board, reports CA$216 million loss on lower cannabis sales

Canadian cannabis producer Canopy Growth on Friday reported a shake-up to its board of directors, a lower third-quarter loss and a “singular focus” on marijuana.

Massachusetts sets adult-use cannabis sales mark with $1.56 billion in 2023

Massachusetts cannabis sales broke records in 2023 for the sixth year in a row, and December was the best month ever.

Cannara Biotech reports record cannabis sales in first quarter

Cannara Biotech, a vertically integrated cannabis producer based in Montreal, reported record sales of 19.5 million Canadian dollars ($14.6 million) for the three-month period ended Nov. 30.

Ohio medical cannabis sales peak as adult-use market launch remains stalled

Sales of medical cannabis in Ohio’s tightly restricted market appear to have peaked, as lawmakers continue to stall the launch of the state’s recently legalized adult-use marketplace.

Canadian recreational cannabis sales down 6.2% in November

Retail sales of recreational cannabis totaled 412.1 million Canadian dollars ($305.8 million) in November, a decline of 6.2% from October.