Cannabis Briefs for April 19, 2022April 19, 2022
•Landenberg, Pennsylvania-based Wynk has expanded distribution of its THC seltzers to an additional three states. The company recently added New Mexico, Michigan, and Arkansas to its existing footprint of Arizona, Maine, Massachusetts, Missouri, and Ohio. The seltzers come in the flavors Juicy Mango, Lime Twist, and Black Cherry Fizz, with each 8-ounce can containing 2.5mg of both THC and CBD. Higher dose formulations are available in medical markets.
•Longmont, Colorado-based Oskar Blues Brewery is partnering with Colorado craft cannabis company Veritas Fine Cannabis on a beer. Called Veritasty, it’s an IPA inspired by terpenes found in Veritas’ cannabis strain library including Cake Pop Forbidden Melonz #2, Layer Cake, Sky 600, and Strawberry Milk. It’s at 7% abv and is launching tomorrow on draft at Oskar Blues taprooms in Longmont and Brevard, North Carolina, and in 6-packs at select retailers. An accompanying line of co-branded cannabis products will be available at select Colorado dispensaries.
•CBD drinks company Jeng has partnered with Sarene Distributors in New York and New Jersey. Jeng’s portfolio comprises a range of alcohol-free cocktails like the Moscow Mule, Paloma, and Gin & Tonic, made with 11mg of CBD. Launched in New York last spring, Jeng is available in more than 100 retail locations nationwide.
•Cannabis sales were down again in Colorado in February, according to data from the state’s Department of Revenue. Recreational sales slipped to $124.9 million in February, Colorado’s worst month of sales since April 2020. Recreational numbers held consistently above $150 million for most of 2021 before falling to $131.6 million in November, and sliding from there. Medical sales are also down sharply–from a high of $40 million in March 2021, medical sales for February 2022 were just $20.3 million, making for a February total of $145.3 million.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.