The cannabis industry is experiencing a wave of growth across the United States, with new dispensaries opening their doors in various states. This expansion is fueled by the increasing legalization of recreational marijuana and the growing demand for cannabis products.
Florida:
Curaleaf Holdings, Inc. has opened its second medical dispensary in Pensacola, offering a wide selection of cannabis products, including new vape and edible options. The company also launched its first medical dispensary in Okaloosa County, Destin, catering to the scenic coastline. Planet 13 Holdings Inc. is opening its 27th cannabis shop in Florida, Planet 13 Ocala, this week. Trulieve, a Florida-based medical cannabis giant, has opened its second dispensary in New Port Richey.
Ohio:
The state is seeing a surge in cannabis sales following the legalization of recreational marijuana. Dispensaries across Ohio generated over $11.5 million in revenue from August 6 to August 10, suggesting the state could reach $842 million in annual adult-use sales. Ascend Wellness Holdings, Inc. has expanded its adult-use sales to its fifth location in Ohio, while Ethos Cannabis has also opened its doors for recreational marijuana sales.
Other States:
In New Jersey, Canna Remedies has opened its dispensary in Ewing, offering discounts and giveaways. Cookies, the international cannabis and lifestyle brand, has opened its second adult-use cannabis dispensary in New Mexico. The newest dispensary in metro Detroit, Michigan, NOXX Cannabis, has started selling cannabis for recreational use.
Canada:
Canadian retail cannabis giant High Tide Inc. has reached a major milestone with its Cabana Club loyalty program surpassing 1.5 million members across Canada. This represents an annual growth rate of 37% and highlights the strong demand for cannabis products in the country.The expansion of the cannabis industry is a testament to the evolving landscape of marijuana laws and the growing consumer demand for cannabis products. With more states expected to legalize recreational marijuana in the future, the industry is poised for continued growth and innovation.
