New Mexico marijuana dispensaries sold $4.3 million less in September than in August, with statewide medical and recreational sales totaling just $46.8 million, according to new state data. While it’s not clear what caused the decrease – particularly since New Mexico’s relatively nascent adult-use market is just over two years …
MedCana expands South American cannabis footprint through six acquisitions
Texas-based MedCana (OTC PINK: SFWJ) expanded its global cannabis footprint with the acquisition of seven companies, mostly in the South American nation of Colombia, with a total of 23 cannabis-related business permits. MedCana, which is focused on “the pharmaceutical-grade cannabis industry,” said it purchased 100% ownership of: Cannabicolombia Group …
Medical cannabis users buy more, recreational consumers buy more often
While recreational marijuana sales generally outpace those of medical cannabis in states that are home to both options for consumers, there are a number of key differences among customer demographics in the two arenas, according to a survey published this month by New Frontier Data. The survey, which polled almost …
The Daily Hit: October 8, 2024
The Daily Hit is a recap of the top financial news stories for Tuesday, October 8, 2024. On the Site Mississippi cannabis ad ban gets its day in federal appeals court A federal judge dismissed the lawsuit earlier this year, leading to the appeal. Read more here. New York City …