This story was republished with permission from Crain’s Cleveland Business. With the passage of 2023’s Issue 2 enabling the launch of recreational marijuana sales last August 2024 was truly a pivotal year for Ohio’s blossoming legal cannabis industry. As 2025 kicks off, however, optimism for the state’s maturing market is …
International markets, medical focus pay off for Aurora Cannabis
Aurora Cannabis’ (NASDAQ: ACB) (TSX: ACB) bet on selling prescription cannabis in places like Germany and Australia is returning results, with third-quarter overseas sales more than doubling versus last year. The Canadian cannabis producer posted record profits and revenue in its latest quarter, driven by surging international medical marijuana sales …
Illinois sales pass $2 billion mark in 2024
Illinois total marijuana sales were up in 2024 to just over $2 billion, an increase from $1.96 billion recorded in 2023, according to newly released state data. According to the Illinois Department of Financial and Professional Regulation, adult-use retailers in the state sold $1.72 billion in cannabis last year, and …
Virginia lawmakers pass adult-use legalization bills – again
The Virginia Legislature is apparently making it an annual tradition to approve recreational marijuana sales, only to face a veto from its anti-cannabis governor. For the third time since 2021, lawmakers in the commonwealth are poised to approve full adult-use marijuana legalization via House Bill 2485 and Senate Bill 970, …