Retail

Cannabis sales in New York have exceeded $260 million during the first half of 2024 and third-quarter sales are on track to surpass the previous quarters, according to the Office of Cannabis Management.

City officials in Sacramento this week voted to put on hold a proposal to increase the number of cannabis dispensary licenses in the city by 50%.

Ohio dispensaries approved to serve adult-use customers sold more than $11.5 million worth of recreational cannabis products during the market’s first five days.

A recent survey found that the vast majority of Americans either get their cannabis entirely from legal sources (65%) or mostly from legal sources (12%).

Ohio regulators said they will issue dual-use licenses to many medical cannabis dispensaries on Tuesday this week, setting up the state’s first legal adult-use cannabis sales since voters approved the legalization reforms last year.

The Eastern Band of Cherokee Indians adult-use cannabis store, the Great Smoky Cannabis Company in the Qualla Boundary, North Carolina, is opening its doors on September 7 to all adults aged 21+.

Snoop Dogg has launched his first licensed cannabis dispensary and exclusive product line under the Death Row Cannabis brand. The shop, S.W.E.D., is located near LAX airport in Los Angeles and the company said its first product line honors the late rapper 2Pac.

The California State Fair opened up last week at the Cal Expo site in Sacramento. Attendees aged 21+ can purchase and consume cannabis products from the California industry’s top growers and manufacturers.

Illinois surpassed $1 billion in combined adult-use and medical cannabis sales this year by July 1, about two weeks earlier than the previous year.

Maryland’s combined adult-use and medical cannabis sales exceeded $1.1 billion during the adult-use market’s first year of operation, according to state officials.

Since its launch about three weeks ago, the New York task force assigned to shutting down illegally operating cannabis dispensaries has closed 114 storefronts.

With the number of New York cannabis dispensaries on the rise, data from cannabis tech company Weedmaps suggests that New Yorkers are buying 50% more cannabis than the national average.

The Tribal Council for the Eastern Band of Cherokee Indians in North Carolina last week voted to allow adult-use cannabis sales to anyone aged 21 or older.

Michigan sold more cannabis products in March this year than any other state, dethroning the California cannabis industry for the first time in total monthly sales.

Ohio medical cannabis dispensaries can now apply for special permits allowing early adult-use cannabis sales ahead of the recreational program’s anticipated launch later this month.

A key Delaware House committee has advanced a proposal to allow early adult-use cannabis sales by letting medical dispensaries service adult-use customers; some industry advocates say the move would be giving certain businesses an unfair advantage.

The owner of seven unlicensed New York cannabis shops has been fined $15.2 million, including $7 million in disgorgement fines and $8.2 million in penalties for operating without a license, ignoring multiple notices by officials, and selling cannabis to underage customers.

New York City Mayor Eric Adams said Tuesday that city officials will take action across the city against illegally operating cannabis shops as part of an enforcement effort called “Operation Padlock to Protect.”

Cannabis retailers in New Jersey set a new quarterly sales record of $201 million during the first three months of 2024, but the quarter-over-quarter growth rate (4.4%) is the state’s lowest on record since the market launch.

The cannabis multistate operator MedMen filed for bankruptcy last week with the company’s Los Angeles-based subsidiary entering receivership with more than $410 million in liabilities owed.

The first medical cannabis dispensary in North Carolina opened for business on 4/20, serving patients registered with the Eastern Band of Cherokee Indians’ Cannabis Control Board and cardholders from other state or tribal programs.

Combined medical and adult-use cannabis sales totaled just under $125 million in March, setting a new monthly cannabis sales record for the state.

Ohio is one step closer to launching its adult-use cannabis marketplace after state regulators last week released their latest draft rules for the industry, which cover retail-focused provisions including online sales and curbside pick-up and industry-wide mandatory waste disposal practices.