Source: Highly Objective
Maryland Cannabis sees $10.4M in sales for the first weekend of adult-use, a 161.7% increase from same weekend in 2022. — Maryland Cannabis Administration
2023 total retail sales (medical and adult-use) of $10.4M vs. 2022 total retail sales (medical-only) of $4.0M
Saturday July 1, 2023: Total retail sales (medical and adult-use): $4,518,377 (medical sales: $959,430, adult-use sales: $3,558,947)
Curio Wellness started the year with 250 employees and now have 320 with 30 openings right now, and anticipates hiring up to 60 people by year end
Long lines were reported at pretty much every dispensary for opening day
Demand may soon outstrip supply—in 2020, an eighth of flower retailed for $65. By the end of 2022, those prices fell to $15-$20/eighth. In the last eight weeks, those prices have edged back up to $40/eighth
$150 Million Investment in New York Cannabis Social Equity Investment Fund from Chicago Atlantic. — NY Governor
With Chicago Atlantic’s investment, the Fund will receive support to reach its funding goal of up to $200 million, which Governor Hochul and the Legislature sought when it adopted legislation to create this first-of-its-kind support for individuals affected by the unequal enforcement of cannabis prohibition