Pacific Consolidated Holdings Group Inc. (PCH), a newly formed operating and holding company focused on cannabis and analogous vice industries, today announced a merger of Saucey, a leading alcohol delivery and logistics platform, and Emjay, a prominent California focused vertically-integrated cannabis delivery and retail platform.
Marijuana industry stakeholders will join attorneys from Burns and Levinson’s cannabis practice on October 29 for a half day conference on the state of the industry. Hosted virtually due to the ongoing COVID-19 pandemic, Burns and Levinson’s fourth annual event will feature panel discussions and presentations with several prominent cannabis industry figures.
Voters in four states will decide whether to legalize adult-use cannabis this election season, while individuals in a fifth state – Mississippi – will be given the opportunity to legalize the use of medical marijuana.
Adult-use dispensaries in Colorado sold more than $1.1 billion worth of cannabis products through the first eight months of the year but sales dipped slightly in August, recent data shows. According to the Department of Revenue’s Marijuana Enforcement Division (MED), recreational marijuana sales in The Centennial State eclipsed $176.5 million in August, down from $183 million in July.
Denver-based GrowGeneration (NASDAQ: GRWG) announced Monday the acquisition of Phoenix’s largest indoor and outdoor garden center, Hydroponics Depot, for an undisclosed sum. The purchase adds to GrowGen’s expanding national footprint of Hydroponic gardening stores, which now includes 29 locations across 11 states.
Columbia Care is pushing deeper into the adult-use cannabis market. The New York-based multistate operator announced Thursday the launch of its first “internally developed cannabis lifestyle brand,” called Seed & Strain.
Vermont Gov. Phil Scott (R) said Wednesday he would allow a cannabis legalization bill to become law without his signature. The legislation, S. 54, creates a commercial marijuana market in The Green Mountain State and establishes a 14% tax on all cannabis products.
Pabst Blue Ribbon is moving from the dive bars to dispensaries. The 176-year-old brand — which in recent years has expanded into whiskey, hard coffee and hard seltzer — now adorns cans of cannabis-infused seltzer that are sold at a handful of California pot shops.
Rhythm is a line of CBD-infused seltzers that feature broad spectrum CBD and other functional ingredients. The product is available in two flavors – Grapefruit Rosemary and Blackberry Lavender – both of which contain 15 mg of hemp-derived CBD and just 5 calories.
Illinois cannabis dispensaries continued to break records in September, as adult-use sales increased 5.7% to more than $67.64 million. The Illinois Department of Financial and Professional Regulation (IDFPR) reported Monday that recreational marijuana sales grew to an all-time high for the fifth month in row.