Organigram nears profitability as cannabis sales jump to CA$145.8 million

Cannabis producer Organigram Holdings said its sales soared in the fourth quarter and for the year ended Aug. 31, rising to 45.5 million Canadian dollars ($33.5 million) and $145.8 million, respectively.

Canadian adult-use cannabis sales stay flat in September

Monthly Canadian sales of legal adult-use cannabis barely increased between August and September, totaling 389.9 million Canadian dollars ($291 million).

Analyst: Canadian adult-use cannabis sales growth slowing faster than expected

Sales of adult-use cannabis in Canada are slowing more quickly than expected, according to a new report, and at least one analyst says structural changes are needed for the nation’s industry to recover growth momentum.

Hawaii political leaders looking into merits of recreational cannabis sales

Hawaii’s ongoing debate to authorize recreational cannabis sales took another step forward with the release of a new state report.

Mississippi medical cannabis sales on track to begin in January

Medical cannabis is on track to be on Mississippi dispensary shelves in January 2023, state health officials said, though barely 400 patients are currently approved to access the drug.

Canada’s August cannabis sales growth limited by Ontario wholesale outage

Canada’s overall recreational cannabis sales inched higher in August, but a wholesale outage in Ontario, the country’s largest market, limited nationwide growth to less than 1%.

Colorado cannabis sales slide further in August, hitting only $150 million

Total cannabis sales in Colorado reached only $150.4 million in August, a 2.2% decline from the previous month.

Arkansas medical cannabis sales reach $23.9 million in September

Medical cannabis sales in Arkansas totaled $23.9 million in September, according to the latest report from the Department of Finance and Administration.

New Mexico cannabis sales top $39 million in September

Cannabis sales in New Mexico surpassed $39 million in September, with recreational marijuana accounting for $24 million of that total.

Tilray reports $66 million loss as cannabis sales decline

Cannabis and alcohol company Tilray Brands lost $65.8 million (90 million Canadian dollars) in the first quarter ended Aug. 30 as net revenue declined 9% year-over-year to $153.2 million.

Canadian adult-use cannabis sales get summer bump with record July

Adult-use cannabis sales jumped sharply in July as Canadians stocked up for summer, new data from Statistics Canada suggests.

Midyear state cannabis sales a mixed bag across the United States

U.S. cannabis sales through July were a mixed bag across the country, as consumers adjusted to historic inflation and shrinking disposable income, according to an analysis of state sales data by MJBizDaily.