Cannabis Briefs for August 9, 2022August 9, 2022
•Recreational cannabis sales in Illinois rose to $135.7 million last month. That figure is second only to last December when sales hit $137.9 million and is $9 million dollars above sales in June. Around two-thirds of sales came from state residents in July and one-third came from out-of-staters, at $92.2 million and $43.5 million, respectively. More than 3.2 million cannabis items were sold last month, setting a new record. Cannabis sales tend to rise in the summer, with July in particular being a standout month.
•San Francisco-based Rhythm Sparkling Hemp Beverages is expanding distribution through a partnership with Republic National Distributing Company. RNDC will handle the brand in Oregon, where it will distribute it statewide. RNDC now works with a number of CBD drink brands including DayTrip and Wyld in addition to Rhythm. Additionally, Rhythm is partnering with SF Naturals to expand distribution in the San Francisco Bay area. SF Naturals distributes products including Blue Bottle Coffee, Oatly oat milk, and LaCroix.
•The Massachusetts state legislature passed a bill that should help grow the cannabis industry there. The bill, called “An Act Relative to Equity in the Cannabis Industry,” aims to promote diversity among those involved in cannabis business but also notably helps establish the groundwork for public cannabis consumption spaces to open in the state in the future. It also gives the Cannabis Control Commission the power to review the Host Community Agreements cannabis businesses often have to sign with the cities they operate in and inserts language limiting the fees host cities can impose on cannabis businesses.
•Springfield, Missouri-based Missouri’s Own Edibles is partnering with neighboring company The Coffee Ethic to debut a line of cannabis-infused coffee pods to medical retailers in the state. The coffee pods are infused with nano-emulsified cannabis and contain 10mg of both THC and CBD and 2mg of CBG, so that they balance better with the caffeine in the coffee. They launched last Thursday at more than 10 dispensaries and are priced at $28 per pack, with single-serve options also available.
•Toronto-based Auxly Cannabis Group is launching an extension to its Foray line of edibles. The new line is called Edi’s and will first reach consumers with Edi’s Gumdrops. These gummies come in lemon, lime, cherry, and orange flavors in a package of 20, with each containing only 0.5mg of THC. The idea is to allow consumers to enjoy multiple candies in one sitting without ingesting more cannabis than they would like. Edi’s Gumdrops are launching across Canada by the end of the month and will be followed by Edi’s low-dose versions of Foray CBD Blood Orange and CBN Blackberry Lavender later this summer.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.