Rhode Island adjusts months of cannabis sales data, report says
Rhode Island regulators have adjusted cannabis sales figures from several monthly reports dating to the launch of adult-use retail in late November.
Rhode Island regulators have adjusted cannabis sales figures from several monthly reports dating to the launch of adult-use retail in late November.
Canada’s recreational cannabis industry continued to experience steady monthly growth this year, with sales in August rising to 464.2 million Canadian dollars ($339 million), or a 4% increase over July, according to the latest data released by Statistics Canada.
Canadian cannabis producer Tilray Brands narrowed its loss to $56 million ($77 million Canadian dollars) in the first quarter on record sales of $177 million, the company said in its financial results for its first quarter of fiscal year 2024.
Connecticut and Maine both posted modest marijuana sales increases in August, according to the latest state data.
The Leech Lake Band of Ojibwe has established a framework to launch an adult-use cannabis retail program on its tribal lands in rural Minnesota.
Arizona’s adult-use and medical cannabis sales declined again in May.
Arkansas medical cannabis sales are still on track for a record-breaking year after transactions in the state reached $23.2 million in July.
Medical cannabis retailers in Mississippi sold $4.4 million worth of products in July, up 15.3% from June, according to state data provided to MJBizDaily.
Sales of Canadian recreational cannabis jumped to 426.6 million Canadian dollars in June ($316.7 million), a year-over-year increase of 12%.
Canopy Growth Corp. reiterated doubts about its ability to stay afloat when the Canadian cannabis producer reported its fiscal 2024 first-quarter results.
Housing Works Cannabis Co., the first adult-use retailer to open in New York, generated about $12 million in sales in the first six months of operations.
Canada’s regulated recreational marijuana retailers sold 415.6 million Canadian dollars ($314.7 million) worth of cannabis in May, a 1.2% increase over April, with the province of Quebec posting the largest monthly gain.