Although some cannabis companies in Michigan may have feared the launch of the Ohio marijuana market last month, it appears that locals still have quite the healthy appetite for the plant, given that sales topped $295 million in August. According to the state Cannabis Regulatory Agency, Michigan dispensaries sold a …
Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF) could repurchase up to $50 million worth of its shares in the next year, the company announced Monday. The Chicago-based company said its board authorized buying back up to 10,573,860 of its shares starting Sept. 23 and running until Sept. 22, 2025. …
The United States Census Bureau published its latest second-quarter data for cannabis tax revenue for states with a legal market. The East Coast markets saw the most increases, while the West Coast markets saw declines. The Census Bureau noted that Washington, Nevada, Maryland, New Mexico, New Jersey and Arkansas could …
This story was republished with permission from Crain’s Cleveland Business. Due to the way adult-use sales were launched in Ohio, the state is currently one of the most restrictive markets in the country when it comes to advertisements around legal marijuana. This is a result of how the rec market …