Well, we can’t say it’s been a slow week in cannabis news. Between massive layoffs and more acquisitions, it’s no surprise if you weren’t keeping up with all of the headlines. Here’s a quick roundup to keep you in the know.
Curaleaf says see ya later to three western states: California, Colorado, and Oregon. The company is also reducing its payroll by 10 percent. CEO Matt Darin blames a “lack of meaningful enforcement of the illicit market” for the company’s triple exit.
More edible innovations…1906 announced a new partnership with Day Three Labs to create a new line of edibles using a novel protein-based delivery technique under the name Unlokt™. The team claims that the Unlokt technology preserves the terpenes and cannabinoids in each strain, delivering a full spectrum of compounds to the body.
More companies are doing the work. The Parent Company has announced the four companies set to participate in their Social Equity Ventures Brand Success Program. The picks are CRONJA; Substance & Skewville; Peakz; and Disco Jays by MAKR House. The twelve-week program is meant to provide minority-owned brands with individualized mentorship and guaranteed dispensary shelf space.
Mississippi made its first medical cannabis sale. Good Day Farm flower was sold this week to an Oxford patient, marking the state’s first ever legal medical cannabis sale. Mississippi is now the fourth state for Arkansas-based Good Day Farm’s operations, with six branded dispensaries opening in various Mississippi locations. This first purchase comes nearly a year after the Mississippi Medical Cannabis Act passed.
Ascend is ascending into Maryland. Ascend Wellness Holdings announced that the company has entered a definitive agreement to acquire Devi Holdings’ Maryland assets, expanding the MSO into a seventh state.
