Massachusetts adult-use marijuana sales top $4 billion since launch
Marijuana retailers in Massachusetts have eclipsed $4 billion in sales since the state launched adult-use retail in November 2018.
Marijuana MSO Curaleaf bails on California, Oregon and Colorado, cuts workforce by 4%
Marijuana multistate operator Curaleaf Holdings said Thursday that it will shutter the majority of its operations in three Western U.S. states – California, Colorado and Oregon – and reduce its workforce by 10%, another sign of ongoing difficulties for the cannabis market as a whole.
Marijuana MSO MariMed borrows up to $35 million for expansion, more
Marijuana multistate operator MariMed closed a $35 million secured credit facility to complete expansion projects in multiple states and pay off notes from a previous acquisition.
How marijuana companies are building brand loyalty by selling seeds to consumers
Several cannabis companies have added marijuana seeds to their line of product offerings – even though the move, at first blush, might seem counterintuitive.
Marijuana industry layoffs and cost-cutting likely to continue in 2023
2022 saw a wave of layoffs in the cannabis industry. Its pressures are uniquely challenging and there’s no end in sight in 2023.
A visual take on some key cannabis trends in 2022
In the spirit of “a picture is worth 1,000 words,” here are charts and maps that visualize a few of the cannabis industry trends that MJBizDaily saw in 2022.
Bottoming out: Adult-use cannabis prices nosedive in Massachusetts as market hits oversaturation point
Similar to Colorado, Michigan, Oregon and Washington state, Massachusetts has too much cannabis on the market and demand can’t keep up with supply, causing prices across several sectors to fall by up to 50% since this time last year.
