Illinois cannabis

Here are the most important cannabis regulatory updates of the week. Nevada Awards Social Equity Licenses For Cannabis Lounges  The Nevada Cannabis Compliance Board (CCB) issued six licenses for cannabis consumption lounges reserved for social equity applicants. Kora Cannabis Lounge and Nevada...

Mike Tyson's TYSON 2.0 announced on Friday that it is expanding into Florida and Illinois with multi-state cannabis operator Verano Holdings Corp. (CSE:VRNO) (OTCQX:VRNOF). Under the deal, TYSON 2.0 will leverage Verano's network and operational expertise to broaden its saturation of Florida and...

Quarterly earnings will highlight efficient operators' growing market share and building sustainable platforms. Pablo Zuanic, senior analyst at Zuanic & Associates, provides an overview of the cannabis market trends in key states ahead of the second quarter earnings season. Zuanic...

Two-time Grammy winner Future‘s ultra-premium cannabis brand, EVOL by Future is now available in Illinois via a partnership with Legacy. The California-based company announced that beginning on Friday, Illinois’ recreational cannabis consumers can buy Evol’s premium cannabis...

Planet 13's leadership, including co-CEOs Robert Groesbeck and Larry Scheffler and CFO Dennis Loganr ecently discussed the company’s strategic initiatives and market outlook in a webinar hosted by Pablo Zuanic of Zuanic & Associates. The conversation covered significant updates...

Illinois is breaking new ground in the cannabis industry with the grand opening of its 100th social equity-owned dispensary in Champaign. The event celebrates the expansion of the cannabis market and the state’s commitment to fostering diversity and inclusion. A recent state-commissioned...

Illinois celebrated the opening of its 100th social equity-owned cannabis dispensary on Friday, a milestone that coincides with the release of a state-commissioned disparity study proclaiming Illinois as having the “most diverse cannabis business ownership in the nation.” Fostering...

Amid industry consolidation, identifying emerging brands in key markets is crucial for acquisitions and collaborations. While wholesale prices have risen, retailer margins have tightened, reducing profitability. Cannabis concentrates offer a way to premiumize offerings and improve margins in this...

Illinois' retail cannabis sales reached the $1 billion mark year-to-date in July, Gov. JB Pritzker‘s office announced Wednesday. That's earlier than last year's July 10 milestone. The sum includes more than $850 million in adult-use cannabis sales and nearly $150 million in medical marijuana...

As Illinois’ cannabis market continues to grow, anticipation builds for the upcoming Benzinga Cannabis Capital Conference, set to take place in Chicago this fall. This premier event, renowned for bringing together industry leaders and investors, will highlight recent sales trends and future...

In the first quarter of 2024, Illinois experienced a 4% decline in cannabis sales compared to the previous quarter. However, year-on-year figures showed an increase, indicating a market adjusting to new retail locations, according to an analysis by Pablo Zuanic of Zuanic & Associates. Dominant...

TICAL Official announced Friday that its cannabis brands led by Wu-Tang Clan’s Method Man is now available in Illinois via a partnership with Flora Arbor LLC, launching with the Judgement Day, Love Jones and The Method lyrical edition strains. "Illinois is the third largest cannabis market in...

Illinois’ adult-use cannabis sales for May showed a modest 1.2% increase from April, reaching $146.2 million. Compared to last year, the figures from the Illinois Department of Financial and Professional Regulation (IDFPR) for May showed an increase of 10.1%. Source: IDFPR Illinois Adult-Use...

Despite an overall decline in mergers and acquisitions (M&A) across the cannabis industry, a few states are bucking the trend, showcasing growth and resilience. Recent data from Viridian Capital Advisors provides a comprehensive view of this dynamic sector, highlighting intriguing patterns for...

The Illinois Department of Financial and Professional Regulation (IDFPR) released April’s adult-use cannabis sales figures recently, demonstrating continued market growth. The state, which legalized recreational cannabis in 2019, saw a total of $144.5 million in sales in April, reflecting a 9...