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Cannabis Giant High Tide Taps Into $113 Billion Global E-Commerce Market With New Product Categories
Monday, December 2, 2024 - 1:45pm | 566High Tide Inc. (NASDAQ:HITI) (TSXV:HITI) (FSE: 2LYA) is expanding its innovative Cabana Club membership program to the U.S., EU and UK through dedicated websites. “Innovation and market disruption are at the core of High Tide’s DNA, and today marks another milestone in our journey," Raj...
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Cannabis Retailer Tokyo Smoke Moves Forward After Major Restructuring
Monday, December 2, 2024 - 12:54pm | 470Cannabis retailer Tokyo Smoke has finished its restructuring process and is no longer under financial protection, following a court's approval. What Happened The Canadian company first announced that it started restructuring its business in August, obtaining an initial order under the Companies...
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New Partnership To Save Cannabis Retailers Time, Reduce Costs: Here's How The Blaze-Metrc Integration Works
Wednesday, November 27, 2024 - 10:56am | 525BLAZE Solutions, Inc. announced on Tuesday an enhanced integration with Metrc, a provider of cannabis regulatory technology systems in the U.S. The new integration with Metrc Retail ID supports pre-labeled products from producers and distributors, making inventory intake more efficient for...
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Pre-Rolls, The Avocado Toast Of Cannabis: Why Millennials Are Spending +$100M A Month
Wednesday, November 20, 2024 - 8:54am | 990Too busy paying rent to roll joints? For Millennials, pre-rolls are a $3 billion solution, claiming 44.6% of the market. Convenient and ready to go, these tidy joints have become a coping mechanism for a time-strapped generation. A white paper from Custom Cones USA and data firm Headset provides a...
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How Reddit's Cannabis Critics Are Helping Brands Spot Market Trends Before They Hit Dispensaries
Thursday, November 14, 2024 - 7:06pm | 939Reddit's cannabis critics help brands spot emerging trends and identify top strains before they reach dispensaries. From the early days of internet forums to today's thriving Reddit communities, cannabis discussions have transformed, offering unprecedented visibility into consumer...
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With 200+ New Dispensaries And Four States Voting On Legalizing Cannabis, Could Market Expansion Squeeze Margins Further?
Monday, November 4, 2024 - 3:40pm | 767Federal decisions on cannabis rescheduling and the SAFE Banking Act could reshape growth paths for multi-state operators (MSOs) and spark stock volatility across the industry. Meanwhile, states like Florida are considering recreational legalization, opening the door to substantial new revenue...
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Is Colorado's Cannabis Market Back On Track? A 5% Sales Boost Says Yes
Monday, October 14, 2024 - 8:41pm | 432According to a recent report from Beacon Securities, cannabis sales in Colorado and Connecticut are showing mixed results, reflecting both growth and challenges in the legal cannabis market. Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your...
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Cannabis Industry Set To Hit $32B In 2024, Says Economist, With Potential To Double In Coming Years
Monday, October 14, 2024 - 12:37pm | 419Beau Whitney, founder and chief economist at Whitney Economics, revealed that total retail sales for the cannabis industry are expected to reach approximately $32 billion in 2024, with the potential to double within the next few years. At the recent Benzinga Cannabis Capital Conference in Chicago...
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California Cannabis Company Lowell Farms Will Manage 2 Retail Dispensaries In LA, Deal Also Includes Acquisition Option
Thursday, October 10, 2024 - 10:01pm | 508California cannabis company, Lowell Farms Inc. (CSE:LOWL, OTCQX:LOWLF) entered into management services agreements with two cannabis retail dispensaries located in Los Angeles, California. Under the terms of the agreements, Lowell Farms' wholly-owned subsidiary Mercati Dei Fiori, LLC, will assume...
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Cheech & Chong Open Cannabis Shop In Maine And More New Stores Where You Can Buy Legal Weed
Thursday, October 10, 2024 - 2:20pm | 612Cheech & Chong, the iconic comedy duo that ventured into cannabis is getting ready to celebrate the grand opening of their first shop in Maine. The Dispensoria is located at 58 Exchange Street in Portland, Maine and slated to open doors to customers this Thursday, reported WGME. “Our...
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EXCLUSIVE: Why Loyalty Programs, Not Discounts, Are The Future Of Cannabis Retail
Wednesday, October 9, 2024 - 5:34pm | 794“Discounts will hurt your margins, but loyalty points won't," said Lisa Williams, founder of The Toke Agency, at Benzinga’s Cannabis Capital Conference on Oct. 9. Williams was one of several experts discussing how cannabis retailers can use data to not only improve margins but also...
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EXCLUSIVE: Cannabis Tech Leaders Push Personalization, Data Insights As Key To Beating Price Wars
Wednesday, October 9, 2024 - 3:35pm | 982“Consumers want to feel like when they’re buying cannabis, it’s like a regular store. This is not some fringe industry,” said Kyle Sherman, Founder and CEO of FlowHub, at Benzinga’s Cannabis Capital Conference. His remark set the tone for a panel discussion that...
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EXCLUSIVE: This Cannabis-Focused Tech Platform Uses AI-Driven Tools For Smarter Cannabis Retail Management, Here's What Its New Features Offer
Tuesday, October 1, 2024 - 10:00am | 612The cannabis-focused technology platform Dutchie announced the launch of Dutchie 2.0 on Tuesday, Benzinga has learned exclusively. Photo: Courtesy of Dutchie The new feature provides cannabis retailers with the tools to upgrade their businesses including improvements to customization, reporting,...
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High Tide Cannabis Co. Ranks Among Top Growing Businesses In Canada In 2024
Friday, September 27, 2024 - 7:32pm | 470High Tide Inc. (NASDAQ:HITI), a retail-driven cannabis company, announced Friday that it placed No. 87 out of 417 companies listed on the 2024 Report on Business ranking of Canada's Top Growing Companies. High Tide achieved an impressive three-year revenue growth rate of 486%. This consistent...
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Chart Of The Week: Cannabis Credit Markets Are Hot Across the Credit Quality Spectrum
Monday, September 16, 2024 - 10:55am | 720The cannabis debt market is HOT! The five issues shown on the chart were all completed in the third quarter of 2024 (with two weeks remaining) and account for approximately $632M of proceeds, greater than any quarter since the fourth quarter of 2021. The graph shows the effective cost of the...