Flower has lost some market share to other marijuana products in recent years, but consumers aren’t replacing flower with concentrates, edibles and vapes.
In fact, flower consumption and total dollars spent in the category have increased, even as flower’s market share has decreased.
The regulated cannabis industry in the United States is well into its second decade, but how products, brands and consumers are evolving remains fluid.
New product types and cannabis consumers are created every day, while sales experts report that veteran users are buying more and seeking greater variety.
Multistate marijuana operator Curaleaf Holdings will pay $100,000 to settle a class action lawsuit in Oregon stemming from a deadly labeling mix-up in 2021.
Detroit regulators received 90 applications for the 60 recreational marijuana business licenses available in the city’s first phase of licensing.
Green Thumb Industries, one of the biggest multistate operators in the U.S., signed an agreement with Circle K – one of the largest convenience-store chains in the world – that allows the cannabis company to lease space and open medical marijuana dispensaries adjacent to Circle K locations in Florida.
Major League Baseball (MLB) and Charlotte’s Web Holdings, one of the best-known companies in the CBD industry, signed an agreement designating the Colorado company as the league’s first official CBD sponsor.
As cannabis executives watch the 2022 midterm elections, one factor that could affect races for seats in the U.S. House of Representatives – and the likelihood of federal marijuana reform – is congressional redistricting.
Schwazze, a Denver-headquartered vertically integrated multistate operator, entered an agreement to pay $2.75 million to acquire “certain assets” of Lightshade Labs, a 10-store Colorado chain.
BellRock Brands, a Denver-based operator of a multistate marijuana portfolio, agreed to acquire JRM127, a producer of medical and recreational cannabis products in Michigan.
A Florida appeals court judge criticized state health officials for not awarding more medical cannabis licenses as required by law.
Bright Green Corp., which hopes to win federal approval to cultivate marijuana on behalf of researchers, said it struck an agreement with investors to raise $10 million through a private placement of the company’s stock.
Multistate operator Cresco Labs closed on the sale of a Pennsylvania cannabis property under a $45 million sale-leaseback agreement with a Chicago-based real estate investment trust.
