Canadian sales of legal cannabis pre-rolls nearly doubled between 2020 and 2021, outstripping total marijuana market growth as convenience-seeking consumers increased spending on the ready-to-smoke form factor, according to data from Seattle-based cannabis-analytics company Headset.Â
Toronto-headquartered cannabis retail chain Fire & Flower Holdings reported declining sequential retail revenue for the fourth quarter of its fiscal year, citing heightened retail competition.
Multistate operator Cresco Labs is chasing tax breaks worth $38 million for its planned marijuana production and manufacturing site in Ulster County, New York, according to local media reports.
Sales of legal adult-use cannabis in Canada declined 2.9% from January to February, new government retail sales data show.
Cannabis real estate lender AFC Gamma announced a senior secured credit facility worth up to $82.5 million for Florida-based privately held multistate marijuana company Bloom Medicinals.
San Francisco-based cannabis technology company Treez completed a $51 million Series C funding round that values the firm at $260 million.
Canadian cannabis producer The Flowr Corp. is selling its subsidiary Holigen Holdings, which owns two cultivation facilities in Portugal, to U.K.-based medical marijuana company Akanda Corp. in a deal worth roughly 35 million Canadian dollars ($28 million).
Multinational convenience store operator Alimentation Couche-Tard plans to boost its stake in major Canadian cannabis retailer Fire & Flower to roughly 35%.
The Alaska Alcohol and Marijuana Control Office (AMCO) has a new executive director, the state cannabis regulator’s third leader since late 2019.
New York Mayor Eric Adams has floated the idea of rooftop cannabis greenhouses atop public housing buildings in the city, although federal marijuana prohibition would present a serious challenge to any such effort.
Four Canadian companies signed agreements with Manitoba marijuana wholesaler Manitoba Liquor & Lotteries (MBLL) to distribute cannabis in the province.
The pace of new marijuana store openings in Ontario trended downward at the end of 2021, according to a report released Thursday by the Ontario Cannabis Store (OCS) provincial wholesaler.
