Cannabis Briefs for May 12, 2020May 12, 2020
•Lantern, a cannabis e-commerce company from the creators of Drizly, has launched in Massachusetts, its first market. For now its online ordering capabilities are limited to medical cannabis users in the greater Boston area, but the company promises that recreational service is coming eventually. Lantern was developed in-house at Drizly but will operate as a separate, independent entity. All orders made through Lantern will be transacted and delivered by Revolutionary Clinics initially, but plans are underway to expand Lantern’s network of retail partners throughout the state and other markets.
•Nevada dispensaries have been given the go-ahead to begin in-store sales again, pending approval. Due to Covid-19, state regulators initially limited retailers to delivery only, before reinstating curbside pickup operations. Now, as the state begins its attempt to reopen its economy, retailers can allow customers into the store in groups of 10 or fewer or 50% of maximum capacity, whichever is less. Both employees and customers will be required to wear masks for the immediate future.
•High Times Holding Corp. has appointed Peter Horvath as CEO. He replaces Stormy Simon, who had assumed the role in January. Horvath joins from Green Growth Brands, the affiliate CBD retailer of DSW and Victoria’s Secret. While High Times recently announced a deal to acquire 13 cannabis dispensaries from Harvest Health & Recreation, Green Growth has seen its CBD retail strategy collapse and is in the process of offloading those assets, the lion’s share of the company.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning. You will also receive the Cannabis edition as part of your subscription.