Illinois Dispensaries Sold a Record $88 Million of Adult-Use Cannabis in January
Illinois Dispensaries Sold a Record $88 Million of Adult-Use Cannabis in January

After selling more than $1 billion worth of cannabis products last year, dispensaries in Illinois got off to a blazing start in 2021 by taking in more than $121 million in January. According to new data from the Illinois Department of Financial and Professional Regulation, adult-use cannabis dispensaries sold a record $88.8 million worth of cannabis during the first 31 days of the new year.

Epidiolex Maker GW Pharma to be Sold for $7.2 Billion
Epidiolex Maker GW Pharma to be Sold for $7.2 Billion

Jazz Pharmaceuticals PLC announced Wednesday plans to acquire U.K.-based GW Pharmaceuticals, which makes the cannabis-derived drug Epidiolex that is used to treat childhood-onset epilepsy. The cash-and-stock deal is valued at $7.2 billion and is expected to close in the second quarter of 2021.

Leading Senate Democrats Vow to Prioritize Federal Cannabis Legalization
Leading Senate Democrats Vow to Prioritize Federal Cannabis Legalization

Three top Senate Democrats plan to pursue “comprehensive cannabis reform legislation” during the 117th session of Congress. In a joint statement issued Monday, Senate Majority Leader Chuck Schumer (D-NY), and Sens. Ron Wyden (D-OR) and Cory Booker (D-NJ), said they would prioritize ending cannabis prohibition and work together to introduce new cannabis reform legislation in the coming weeks.

GrowGeneration Buys Maine’s Grow Depot
GrowGeneration Buys Maine’s Grow Depot

GrowGeneration has struck yet another deal. The Denver-based company announced Monday plans to expand in Maine via the acquisition of two “Grow Depot” stores located in Auburn and Augusta.

Vangst Shares Cannabis Compensation, Career Insights in New Report
Vangst Shares Cannabis Compensation, Career Insights in New Report

Are you looking to break into the cannabis industry? Wondering what you can expect to earn? Colorado-based recruiting agency Vangst has you covered. On Monday, Vangst released its newest “Salary Guide” detailing statistics about new cannabis industry job creation and compensation.

Massachusetts Cannabis Dispensary Association Drops Delivery Lawsuit After Members Defect
Massachusetts Cannabis Dispensary Association Drops Delivery Lawsuit After Members Defect

An influential cannabis trade group in Massachusetts has dropped a controversial lawsuit over newly enacted home delivery rules after several of its members ended their involvement with the group.

Adult-Use Cannabis Sales Commence in Arizona
Adult-Use Cannabis Sales Commence in Arizona

Sales of adult-use cannabis in Arizona began on Friday, less than three months after voters overwhelmingly approved legalization during the 2020 election. According to Arizona Department of Health Services (ADHS) records, 86 cannabis establishments were licensed as of January 22, 2021. Three of those businesses are listed as nonoperational, however.

Former Cresco and Green Thumb Execs Launch New Cannabis SPAC
Former Cresco and Green Thumb Execs Launch New Cannabis SPAC

Cresco Labs co-founder and former president Joe Caltabiano is launching a $100 million SPAC (special purpose acquisition corporation) aimed at acquiring cannabis companies in the U.S., Canada or international markets. The so-called blank check company, Choice Consolidation Corp., today filed a 137-page preliminary prospectus with Canadian Securities Administrators.

Colorado Cannabis Sales Top $2 Billion in 2020
Colorado Cannabis Sales Top $2 Billion in 2020

Cannabis sales in Colorado eclipsed a record $2 billion in 2020, state records show. According to the Department of Revenue’s Marijuana Enforcement Division (MED), adult-use cannabis shops throughout the Centennial State raked in nearly $1.6 billion year-to-date through November. Meanwhile, medical marijuana dispensaries sold more than $405 million worth of products during the 11-month period.

Cresco Labs Names New COO
Cresco Labs Names New COO

Chicago-based cannabis firm Cresco Labs has hired consumer packaged goods veteran Ty Gent as its new COO. Gent most recently served as the chief supply chain officer of US Foods, one of the largest foodservice distributors in the U.S.

Review: Rhythm 'Recover' CBD-Infused Seltzer
Review: Rhythm 'Recover' CBD-Infused Seltzer

Rhythm recently expanded its line of CBD-infused seltzers to include a third variety: Recover. Formulated with natural lemon and ginger flavors, 15 milligrams of broad-spectrum hemp extract, and turmeric root extract, Recover is fresh and inviting.

NCIA Public Policy Director Andrew Kline Departs for Law Firm Perkins Coie
NCIA Public Policy Director Andrew Kline Departs for Law Firm Perkins Coie

Andrew Kline, who served for two years as the director of public policy at the National Cannabis Industry Association (NCIA), has departed the Denver-based trade group for a role with multinational law firm Perkins Coie.

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