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.
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.
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.
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.
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.
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.
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.
Molson Coors is now officially competing in the increasingly crowded U.S. market for CBD drinks. In a news release, the multinational beverage company said its line of non-alcoholic sparkling waters infused with cannabidiol (CBD), called Veryvell, were now being sold across Colorado.
In a pair of news releases issued last week, Australis Capital said it would wholly acquire Nevada-based Green Therapeutics — a cannabis company founded by former MedMen president and Australis interim CEO Duke Fu — and purchase a 51% stake in greenhouse design company ALPS, formerly known as Aurora Larseen Projects.
It took nearly two years, but Minneapolis-based Vireo Health International has finally closed its acquisition of four cannabis licenses in Nevada. In a news release, Vireo said the purchase would permit the multistate operator it to cultivate and produce cannabis products for both medical and adult-use.