Minnesota cannabis regulators disqualified about two-thirds of the roughly 1,800 applicants for social equity business licenses, meaning the permit lottery scheduled for the week of Dec. 2 will be reserved for 640 hopefuls. Applicants who were winnowed out either failed to complete the entire application process or didn’t meet eligibility …
This story was republished with permission from Crain’s Detroit. A largescale marijuana cultivation site is shuttering, unable to survive Michigan’s record-low cannabis prices. Fluresh LLC will close down its $46 million 105,000-square-foot grow facility in Adrian and will be laying off 46 employees at the end of this month. The company, doing …
44.6% – Percentage of pre-rolls sold that were purchased by millennials The popularity of cannabis pre-rolls has been growing, and that trajectory is primarily being driven by one demographic cohort: millennials. As of September, millennials were responsible for nearly half (44.6%) of all pre-roll purchases. Gen X was a distant …
Donald Trump’s forthcoming return to the White House and his nomination of pro-legalization (but not pro-Florida legalization) Matt Gaetz for attorney general adds a new dimension to the cannabis sector’s outlook. But stock performance remains tightly linked to state markets, said Pablo Zuanic, managing director at Zuanic & Associates, in recent …