Cannabis Briefs for September 22, 2020September 22, 2020
•Colorado and Illinois continue to set records for cannabis sales. Illinois, which saw huge gains in July as recreational sales reached $60 million, saw further improvement in August with a final haul of nearly $64 million. Recreational sales in the state have exceeded $360 million since they began in January. In Colorado, July sales figures were recently released showing $183 million in recreational sales and $43 million in medical sales, up 13% from the prior month and marking the first time the combined figure has exceeded $200 million in one month. The total for the year in Colorado currently stands at more than $1.2 billion worth of cannabis products.
•Recreational sales in Canada also hit new highs in July, reaching C$231 million ($173.5m), up 15.2% from June, which had itself been a new record. Sales in Ontario grew 23.5% to C$60.3 million ($45.3m), the most dramatic growth of any province. It was followed by Alberta with C$51.8 million ($38.9m), Quebec with C$43.9 million ($33m), and British Columbia with C$34.6 million ($26m).
•Chicago-based Cresco Labs has made several promotions within its senior leadership. Melissa Wagamon has moved from vice president of brand marketing to regional president, Great Lakes (Michigan and Illinois). She previously managed the development of Cresco’s wholesale brands and originally joined the company from MillerCoors. David Gacom has been appointed regional president, West (California and Arizona); he was most recently chief commercial and optimization officer of Grecian Delight Foods. Sean McAllister has moved from executive vice president of sales to regional president of sales, emerging markets (Massachusetts, New York, Pennsylvania, Ohio, and Maryland) and national accounts; he has been with the company for more than four years.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.
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