Cannabis Briefs for February 13, 2024
February 13, 2024•Massachusetts cannabis retailers had total sales of $1.56 billion in 2023, a new record, according to the state’s Cannabis Control Commission, up by $78 million from the prior year, a 5% increase. December was particularly strong, with adult-use products totaling $140 million, a new monthly record. “As more retailers and delivery licensees come online, flower prices start to stabilize, and the stigma surrounding cannabis slowly dissipates—legal, tested products are becoming more accessible, affordable, and approachable than ever before, and that’s reflected in the multiple sales records licensees broke in 2023,” said acting Cannabis Control Commission chair Ava Concepcion.
•Curaleaf is launching Select Stiq, a new 1-gram all-in-one cannabis oil vape. The Select Stiq’s pocket-sized design includes an auto-draw feature and a rechargeable USB-C port. It’s compatible with Select Essentials high-potency oils, which are infused with naturally derived terpenes to mirror classic cannabis strains. Arizona will be the first state to see distribution of the Select Stiq, followed by Nevada and Utah later this spring. “We heard directly from customers that a 1g all-in-one vape pen was a market need, and we’re happy to deliver,” said Matt Darin, CEO of Curaleaf.
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