Extroverting
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US cannabis forecast slashed by $21.1B through 2030
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 …
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Pennsylvania’s medical market does not want state run stores
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 …
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SNDL to buy Cost Cannabis and T Cannabis for C$32 million
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… …