Daily Archive: January 16, 2024
Illinois Cannabis Sales Approach $2 Billion, As Newer Markets Drive Growth
States across the U.S.—including new markets like Maryland and Connecticut and more mature ones like Illinois—reported record cannabis sales in December, capping a year that for many has seen the legal cannabis market bloom at retail. Continue reading →
Posted in News on January 16, 2024U.S. HHS Confirms It Favors Moving Cannabis To Schedule III Status
The U.S. Department of Health and Human Services (HHS) confirmed on Friday what has long been expected in the cannabis industry, that it favors moving cannabis to Schedule III status alongside drugs like ketamine and testosterone, from its current Schedule I positioning, which places it with drugs like heroin that are deemed to have no medical use and high potential for abuse. Continue reading →
Posted in News on January 16, 2024Tilray Posts 34% Sales Boost, With Cannabis And Alcohol Both Rising
For its second quarter of its fiscal 2024 ended in November, cannabis and beverage alcohol group Tilray posted net revenue of $194 million, a 34% jump over Q2 2023. Continue reading →
Posted in News on January 16, 2024Cannabis Briefs for January 16, 2024
•Wynk, a THC and CBD seltzer made by Wherehouse Beverage Co., has officially reached a retail presence in brick and mortal stores in Illinois, New Jersey, Connecticut, and Massachusetts. Continue reading →
Posted in News on January 16, 2024News Alert: Diageo, Combs Settle DeLeon Dispute, All Lawsuits Cease
After an intense legal dispute dating back to last spring, Diageo and former partner Sean “Diddy” Combs have settled out of court, with Diageo gaining control of the DeLeón Tequila brand. No terms were disclosed. Continue reading →
Posted in News on January 16, 2024Kroger-Albertsons’ $25 Billion Merger Faces Another Delay
The proposed $25 billion merger of supermarket giants Kroger and Albertsons, which had been expected to close early this year, has been delayed again. Continue reading →
Posted in News on January 16, 2024
