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Daily Archive: April 14, 2020

Interview: After Young’s Deal, RNDC Looks Ahead

To say Republic National Distributing Co. (RNDC) has been in expansion mode lately is an understatement. Last year, the second-ranked U.S. wholesaler added 10 western states and more than $3 billion in revenues via a new joint venture with the Underwood family’s Young’s Holdings. Across both legacy RNDC markets and the new Young’s joint venture—totaling 32 states—RNDC had revenues of approximately $11.8 billion last year. RNDC has also been investing in technology, notably by bringing “online distributor” LibDib into its fold. According to CEO Tom Cole, that move has accelerated the company’s eRNDC e-commerce initiative, which is intended to streamline operations and is slated to reach all RNDC markets by the end of the year. SND editorial director David Fleming and executive editor Daniel Marsteller spoke with Cole and LibDib founder Cheryl Durzy recently to discuss the road ahead. Continue reading →

Posted in News on April 14, 2020

News Briefs for April 14, 2020

•Natural wine has gone official in France. Continue reading →

Posted in News on April 14, 2020

Massachusetts Dispensaries Sue Governor Over Recreational Shutdown

A group of cannabis retailers in Massachusetts is suing Governor Charlie Baker to reinstate recreational cannabis sales after the state’s mandatory shutdown order forced them to close. Continue reading →

Posted in News on April 14, 2020

Harvest’s Sales Rise, But Losses Widen In Full Fiscal Year

Tempe, Arizona-based Harvest Health & Recreation saw sales more than double to $116 million in its fiscal year through December, as the company continued to expand its retail footprint throughout the U.S. Continue reading →

Posted in News on April 14, 2020

Cannabis Briefs for April 14, 2020

•The NFL has moderated its stance against cannabis. Continue reading →

Posted in News on April 14, 2020