•Hemp-derived THC producers and retailers including Cann, Pamos, Wynk, Spec’s, and ABC Fine Wine & Spirits have come together for form the Coalition for Adult Beverage Alternatives (CABA), a new advocacy group aiming to codify hemp-derived THC regulations at the federal level. The group has formed in response to crackdowns on hemp-derived THC drinks in states across the U.S. CABA and its members argue that the industry’s bad actors can be weeded out through proper regulation. “Our goal is to educate lawmakers on the safety and positive impact of low-dose THC beverages in adult Americans’ lives and to demonstrate how different these drinks are from risky, highly intoxicating products marketed to children by bad actors today,” said Jake Bullock, CEO of Cann. “Adults expect and should be allowed to buy safe, low-dose THC beverages in the same places that alcohol is sold, with a strict 21+ age restriction.”

•September cannabis sales in Michigan dropped 10% to $266.9 million following record-setting sales in August. The data from the state’s Cannabis Regulatory Agency shows that the price-per-ounce of cannabis in the state has dropped considerably from this time last year, falling to $76.66, a nearly 25% drop from September 2023’s average at just over $100. Flower is king in Michigan, with consumers reaching for over 90,000 pounds of flower and nearly 30,000 pounds of trim/shake in September, totaling $117 million in flower sales and nearly $22 million in shake/trim. Vape cartridges and concentrates are the second and third best sellers in the state, with vapes at roughly $50 million and concentrates at nearly $40 million for September 2024.

•For the first six months of 2024, cannabis sales in Ontario, Canada, eclipsed C$1 billion ($723m), a 20% jump over H1 2023. The data, from the government-run Ontario Cannabis Store, shows that nearly 5,000 SKUs are available in the province and over 50 million units were shipped to stores during the first half of 2024. Sales by weight were also up, with Ontario seeing roughly 191,000 grams sold during the period, a 21% bump. As sales continue to grow in the region, prices per gram are falling, with pre-rolls, eighth-ounces, half-ounces, and ounces all decreasing in wholesale price. Only quarter-ounce wholesale prices rose during the first six months of the year. Flower and pre-rolls (including infused options) rule the market in Ontario, with more than 50% of available SKUs coming from those categories.