Connecticut has joined many of its peers and established a new state agency devoted solely to regulating and overseeing its marijuana industry. The new office, which has yet to be formally named, will still be housed within the state Department of Consumer Protection, but will be set apart from another …
Cannabis and hemp research firm Whitney Economics lowered its U.S. cannabis retail market forecast through 2030, cutting projected sales by $21.1 billion, according to a new report released Wednesday afternoon. The Oregon-based consultancy now forecasts 2025 U.S. legal cannabis sales will reach $34 billion, which represents 13.1% growth from 2024’s …
At the recent Pennsylvania Cannabis Convention in Pittsburgh, stakeholders in the existing medical market all fear that the state may legalize adult-use cannabis but pivot to a state store program. They claim this will crush the 25,000 jobs created with the medical program. The state currently hosts numerous MSOs as …
SNDL Inc. (Nasdaq: SNDL) is buying 32 cannabis retail stores known as Cost Cannabis and T Cannabis in Ontario, Alberta and Saskatchewan from 1CM Inc. (CSE: EPIC) (OTCQB: MILFF) in a deal valued at C$32.2 million. The deal is expected to close by the end of the third quarter of… …