Arizona marijuana sales dip 10% in January
Marijuana sales in Arizona declined in January to $115 million, the lowest total in the state since February 2021 – the first full month of recreational sales.
How US cannabis industry weathered two years of pandemic upheaval
For many cannabis industry executives, it’s been a white-knuckle ride since the World Health Organization declared the COVID-19 outbreak a global pandemic in March 2020.
AFC Gamma provides nearly $50 million of capital to three cannabis companies
Florida-based lender AFC Gamma said it recently provided $46.3 million of capital to three cannabis companies as part of expanded credit facilities.
Cannabis MSO Verano taps $100 million in debt financing to support expansion
Cannabis multistate operator Verano Holdings said it has drawn an additional $100 million under its existing credit agreement to fund expansion and strategic initiatives.
Arizona cracking down on two marijuana testing labs
Arizona regulators sent notices of intent to revoke the licenses of two marijuana testing laboratories for allegedly using procedures that could inflate product potency results.
Led by gummies, edibles keep pace with growth of overall US cannabis market
Gummies continue to dominate the U.S. edibles market, particularly among new marijuana consumers, although other consumable products are growing in popularity, including those that replicate the whole-plant experience as well as healthier options.
Trulieve adds another growing facility to Arizona cannabis holdings
Trulieve Cannabis acquired a 64,000-square-foot cultivation facility in Phoenix for $13.75 million in cash, a move that increases the multistate operator’s massive marijuana holdings in the Arizona market.
