Columbia Care Develops 'Seed & Strain' Lifestyle Brand to Compete in National Adult-Use Markets
Columbia Care Develops 'Seed & Strain' Lifestyle Brand to Compete in National Adult-Use Markets

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.

Adult-Use Cannabis Sales Legalized in Vermont
Adult-Use Cannabis Sales Legalized in Vermont

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 Lends Iconic Blue Ribbon Name to Cannabis-Infused Seltzer
Pabst Lends Iconic Blue Ribbon Name to Cannabis-Infused Seltzer

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.

Review: Rhythm CBD-Infused Seltzer
Review: Rhythm CBD-Infused Seltzer

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.

Cannabis Sales Continue to Climb in Illinois
Cannabis Sales Continue to Climb in Illinois

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.

Canopy Growth to Launch Cannabis Beverages in US in 2021
Canopy Growth to Launch Cannabis Beverages in US in 2021

Canopy Growth Corporation will bring its THC-infused beverages to the U.S. in 2021 through a partnership with New York-based cannabis firm Acreage Holdings, the two companies announced Thursday. In a news release, Canopy and Acreage said the products are expected to debut at dispensaries in California and Illinois next summer, and that “sessionable” drinks would be the initial focus.

Cannabis Cultivation Software Company Trym Raises $3.1 Million in Seed Funding
Cannabis Cultivation Software Company Trym Raises $3.1 Million in Seed Funding

More VC money is flowing into the cannabis software space. California-based Trym, which sells management software to cannabis growers, has raised a combined $3.1 million in seed funding from friends, family and several venture funds.

Billionaire Investor Nelson Peltz and Aurora Cannabis Part Ways
Billionaire Investor Nelson Peltz and Aurora Cannabis Part Ways

Billionaire investor Nelson Peltz is no longer advising Canada’s Aurora Cannabis, the company announced Monday. In a news release, the Edmonton-based cannabis firm said Peltz had resigned to “pursue other commitments.”

4Front Ventures Unloads Maryland Dispensaries, Shifts Focus to Illinois
4Front Ventures Unloads Maryland Dispensaries, Shifts Focus to Illinois

Arizona-based cannabis firm 4Front Ventures, which has operations in five adult-use states, has completed the sale of three dispensaries in Maryland. In a news release, 4Front Ventures said the stores were dealt to Philadelphia-based Ethos Cannabis, another multi-state operator, for $5.5 million. The sale of the Maryland assets is part of a previously-announced $18 million transaction.

Key Cannabis Bills Await Vermont Governor's Signature
Key Cannabis Bills Await Vermont Governor's Signature

At long last, Vermont is on the verge of legalizing adult-use cannabis sales. On Tuesday, the Vermont Senate voted 23-6 in favor of legislation (S. 54) that would legalize, regulate and tax commercial cannabis sales.

Quick Hits: Canopy Signs Endorsement Deal with DeAndre Hopkins; Cresco and Harvest Health Announce New Dispensaries
Quick Hits: Canopy Signs Endorsement Deal with DeAndre Hopkins; Cresco and Harvest Health Announce New Dispensaries

Canopy Growth Corporation has inked another prominent endorsement deal for its Biosteel Sports Nutrition brand. Meanwhile, Cresco Labs is on the verge of opening its tenth dispensary in Illinois, while Harvest Health and Recreation has opened its 15th in Arizona. Curaleaf has also expanded availability of “Select” brand products to 3 more states.

Innovative Industrial Properties Strikes $56 Million Deal with Parallel
Innovative Industrial Properties Strikes $56 Million Deal with Parallel

Innovative Industrial Properties (IIP), a publicly traded real estate investment trust (REIT) focusing on the cannabis sector, has inked another sale-and-leaseback agreement with Surterra Wellness parent Parallel. Parallel, the second-largest medical marijuana company in Florida, has agreed to sell an indoor cultivation facility in Lakeland that is capable of being scaled to 220,000 sq. ft.

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