Cannabis Business Times Newsletter

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Pre-rolls, Edibles and Flower

Cannabis Sales Trends: What Really Changed During COVID-19?

As the cannabis industry enters the post-pandemic world, differentiating between fleeting and long-term sales trends is crucial to success.

Federal Reform

Congressional Cannabis Caucus Co-Chairs Introduce Federal Reform Legislation

U.S. House Reps. Dave Joyce and Don Young put forward a bill that would limit the application of federal laws to the distribution and consumption of cannabis.

Rebrand Pipeline

Columbia Care Launches 'Cannabist' Retail Brand

According to Columbia Care, the Cannabist brand will provide patients and customers with a simple and approachable cannabis shopping experience while accommodating a range of experience levels.

M&A Uptick Continues

The mergers and acquisitions momentum that kicked off in November 2020 after a significant lull is showing no signs of slowing down as Trulieve announced its $2.1-billion acquisition of Harvest Health and Recreation.

Trulieve’s move is more strategic than land grab deals of the past, Sander Zagzebski told CBT Associate Editor Tony Lange.

“These deals ... show a renewed bullishness on the part of leading cannabis companies to go for the win after playing defense in 2019,” Zagzebski said, citing other notable deals such as Curaleaf’s acquisition of Grassroots and Ayr’s acquisition of Liberty Health.

Companies seem to be gaining confidence as more states approve legalization measures, he added. As more states allow and regulate adult-use cannabis, groups like the Tax Foundation are watching closely to see how individual markets design tax systems. Check out the organization’s map detailing how individual states are approaching taxes.

-Michelle Simakis, Editor

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