The Panther Group

ICYMI: This week in weed news 

Here’s what you may have missed this week in weed:

Nevada is rescheduling cannabis. The ACLU and Cannabis Equity and Inclusion Community are celebrating a win this week after the ACLU sued the Nevada State Board of Pharmacy for their unconstitutional scheduling of cannabis. The group argued that the schedule 1 classification (which deems cannabis to have no medical use) was a constitutional violation after voters amended the state constitution to legalize medical cannabis back in 2000. Nice work, team!

Cantrip is moving into Minnesota, positioning itself for a future adult-use market. The company is bringing its social seltzer line to the Land of 10,000 Lakes, where it will offer delta-9 THC seltzers in fruity flavors like blackberry lavender and grapefruit hibiscus. This comes a couple of months after Minnesota lawmakers mistakenly legalized THC beverages and edibles. When opportunity knocks…

Item 9 Labs (whom we recently named as the hottest Arizona cannabis brand) launched a new line of infused pre-rolls. After much success testing limited edition variations of infused half-gram pre-rolls, the company has decided to launch a one-gram infused pre-roll as part of its permanent collection. The pre-rolls are loaded with flower, live resin sugar, live resin badder, and crumble concentrates. 

Shwazze is probably acquiring some of Lightshade’s assets. The companies have signed definitive agreements for Schwazze to acquire some of Lightshade’s adult-use dispensaries: one in Aurora (503 Havana St., and one at 2215 E. Mississippi Ave. in Denver). The all-cash transaction is set for $2.75 million and will likely close in the first quarter of 2023. This will bring Schwazze’s portfolio to a total of twenty-five dispensaries. 

Vermont gave out two retail licenses. Ahead of the October 1st deadline, the Cannabis Control Board issued retail licenses to FLORA Cannabis in Middlebury and Mountain Girl Cannabis in Rutland. Ceres Med was also given the green light to jump from medical to recreational sales. We’re excited to see how the retail rollout goes in the Green Mountain State. 

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