MjLink Cannabis Business News and Press
CBT focuses strictly on the business of legal cannabis for medical and recreational use and aims to provide timely information—through its website, e-newsletter, mobile app, print magazine and annual conference—to help the reader make timely, informed decisions to help them run their businesses better and more profitably. In 2018, Cannabis Business Times was named Magazine of the Year by the American Society of Business Publication Editors.
CHICAGO and VANCOUVER, British Columbia, Oct. 6, 2022 – PRESS RELEASE – Green Thumb Industries Inc., a leading national cannabis consumer packaged goods (CPG) company and owner of RISE Dispensaries, announced that Richard Drexler, a proven financial executive who currently serves as chairman of the Audit and Finance Committee at Bison Gear and Engineering and previously served as CEO and chairman of the board at Quality Products, and Jeff Goldman, a seasoned entrepreneur with expertise in CPG brand-building, will join the company’s board of directors. Drexler will assume the role of chair of the Audit Committee in this new capacity.
The appointments follow the resignation of three board members: William Gruver, Glen Senk and Dorri McWhorter. The resigning directors informed management that their cause for resignation was not related to Green Thumb’s business performance, operations, financial performance, financial statements or financial controls, but rather over a disagreement as to the company’s policies and practices related to personal misconduct. It became clear that the former directors and existing management could not find a resolution satisfactory to all parties.
“There comes a time in a company’s evolution that a change in leadership is required, and we regret that there was an impasse with the former board members,” GTI Chairman and CEO Ben Kovler said. “There are massive opportunities in front of us, and we now have a board aligned with management to provide increased shareholder value. As we enter this next phase for the company, Richard’s financial discipline and Jeff’s strategic brand experience will help us continue to win as we deliver on our long-term vision.”
Drexler was CEO and later board chairman at Quality Products, a manufacturer and distributor of products for aircraft ground support equipment for the military and hydraulic machine tool markets. Under his leadership, Drexler orchestrated strategic changes that pulled the company out of debt and resulted in significant positive cash flow. In addition to his role at Quality Products, Drexler held senior advisory roles at several multimillion dollar manufacturing and product companies.
“GTI has proven itself as a truly remarkable cannabis company with a strong purpose,” Drexler said. “I am thrilled to join Ben and the team at such a pivotal time and drive growth and operational excellence as we help deliver on the company’s growth strategies to maximize shareholder value.”
Goldman is a brand veteran and seasoned entrepreneur who has operated and scaled multiple CPG businesses. Under his leadership, Goldman has grown Carol’s Cookies, a family-owned business founded by his mother in 1979, into a multimillion dollar, nationally distributed brand by successfully partnering with Fortune 500 companies such as Whole Foods Market and Sysco Foodservice. In addition to his role with Carol’s Cookies, Goldman was the owner and operator of Reed-Union Corp., known for the top-selling automotive appearance brand in North America, Nu Finish. As the head of domestic and international sales, Goldman forged partnerships with Fortune 100 companies such as Walgreens, Target, Walmart and AutoZone. In 2018, Goldman orchestrated the sale of the company’s brands to Energizer Holdings.
Las Vegas, NV, September 21, 2022 — PRESS RELEASE — Eteros Technologies USA, Inc., a provider of post-harvest cannabis automation equipment, announced the success of its court case regarding the authorization exemption of 21 U.S.C. Section 863(f)(1) of the Controlled Substances Act (CSA). This was a case of first impression never before decided by a Federal or State court. It sets an important precedent for international trade in cannabis paraphernalia, recognizing that States’ authorization of persons to manufacture, distribute or possess cannabis paraphernalia triggers the “authorization exemption” which allows the importation of such products into the United States. The decision effectively instructs U.S. Customs and Border Protection (CBP) to permit the importation of cannabis paraphernalia into states that have legalized the manufacture, distribution, and possession of such items. With the cannabis market estimated at $38.8B in 2023 and multi-state operators' capital expenditures representing up to 30% of revenue, this decision could impact billions of dollars of cannabis equipment imports annually.
Eteros traces its roots back to Surrey, British Columbia when in 2016, founder Aaron McKellar and a core group of engineers from diverse backgrounds and a passion for innovation and “divergent thinking” began manufacturing equipment for Canada’s newly legalized cannabis industry. In 2019, Eteros, the parent company of the Mobius and Triminator brands, expanded sales from Canada into the US to help support farmers growing now federal-legal hemp and the growing market of state-legal cannabis.
Illinois’ cannabis retailers are still ringing up in excess of 3 million items per month for adult-use customers, but the state’s traffic volume and overall sales figures haven’t fluctuated much since March.
Licensed dispensary operators recorded nearly $130.7 million in adult-use sales in September, representing a 7.4% increase from last September, according to data from the Illinois Department of Financial and Professional Regulation (IDFPR). But that figure almost mirrors the $131 million in sales from March, representing a seven-month plateau for the retail market.
Since March, adult-use sales peaked at $135.7 million in July but haven’t dipped below $126.8 million. Despite the flatline, the state’s monthly sales average in 2022 remains 10.8% higher than in 2021.
Overall, Illinois retailers have sold more than $1.1 billion in adult-use cannabis so far in 2022 and nearly $3.2 billion since commercial adult-use sales launched on Jan. 1, 2020.
But with nearly one-third of Illinois’ sales coming from out-of-state residents, monthly figures could soon decline if Missouri voters pass an adult-use legalization measure next month.
]]>The Buckeye State approves of cannabis.
At least that’s what results from a recent poll indicate, reporting 60% of Ohioans support legalizing adult-use cannabis while 37% oppose.
The poll, conducted by Spectrum News in partnership with the Siena College Research Institute, surveyed respondents on a number of political issues, including adult-use cannabis legalization. The data broke down respondents into a number of demographics, including political party, gender, ethnicity, region, education, and income.
By political party, 79% of Democrats support adult-use cannabis legalization, compared to 40% of Republicans approving. In contrast, 19% of Democrats oppose legalization, compared to 57% of Republicans.
There were also notable contrasts among ethnicities and income.
Sixty-nine percent of African American/Black respondents support adult-use legalization, compared to 57% of White respondents.
CALIFORNIA – The California Department of Cannabis Control (DCC) is soliciting proposals for academic research projects that advance public understanding of cannabis and its legalization. DCC will fund up to $20 million in cannabis-related academic research by California public universities and is prioritizing topics that will be instrumental in addressing gaps in scientific knowledge and guiding future policy decisions.
For the first time, DCC has identified specific research topics that will be prioritized for grant funding, which will advance understanding of cannabis, address existing research gaps, and inform policymakers. The prioritized topics examine cannabis potency and health impacts, the health of California’s cannabis industry, monopolies and unfair competition, legacy cannabis genetics, and medicinal use of cannabis.
Researchers will be required to make research findings available to the public, at no cost, in order to promote more rapid enhancement of scientific understanding of topics researched.
Read the complete list of priority research topics, the Request for Proposals and more information about the grant funding opportunity on the DCC website.
“California continues to direct millions of dollars to accelerate scientific understanding of cannabis and evaluate the impacts of legalization. Decades of federal cannabis prohibition has hindered our collective knowledge related to these issues, to the detriment of consumers, communities, our environment and more,” said Nicole Elliott, DCC director. “Our hope is that research resulting from these grants proves beneficial not only to California policymakers but also to those across the nation and world.”
The priority research topics were developed in consultation with other California state agencies that oversee cannabis activities and were selected to inform future policymaking and better preserve California’s historical information.
Charlotte’s Web Holdings, a producer and distributor of hemp-derived CBD products, announced that it has partnered with Gopuff, a Philadelphia-based consumer goods and food delivery company.
The partnership allows consumers in select areas in Arizona, Illinois, California, and New York to purchase Charlotte’s Web full spectrum hemp CBD products, including its gummy line, oil tinctures, topical balms and creams, and pet products for immediate delivery through Gopuff, according to a press release.
Gopuff has more than 500 locations and offers over 4,000 products for delivery to consumers in roughly 30 minutes. Some of the products Gopuff offers range from food, pet products, cleaning supplies, office supplies and more.
RELATED: Reflecting on 10 Years in the CBD Industry
Charlotte’s Web also has plans to eventually offer its products on Gopuff at additional locations in the future, according to the release.
“In the United States, consumer access to hemp wellness is still in its infancy,” said Jacques Tortoroli, Charlotte’s Web chief executive officer. “Our mission is to make CBD broadly available, accessible,–and convenient. With Gopuff, we are making access more convenient than ever with instant delivery for our consumers. So, whether it’s a sudden need for Charlotte’s Web sleep, stress or recovery gummies, soothing CBD oils or topicals, or even calming pet chews for an overly excited canine, Gopuff can help us answer the call–in minutes. For Charlotte’s Web, this is yet another example of our commitment to expand our customer portfolio as the market leader and penetrate new industry verticals.”
]]>Legacy growers in three of Morocco’s northern provinces can now legally cultivate cannabis for industry and export under the oversight of the National Agency for the Regulation of Cannabis Activities.
The North African country’s government officials issued 10 licenses to farmers in the northern regions of al-Hoceima, Chefchaouen and Taounate, where they will be allowed to produce and sell cannabis for medical, pharmaceutical and industrial use following a new law parliamentary leaders passed last year, Reuters reported. Adult-use cannabis remains prohibited.
The 2021 law was intended to improve the impoverished mountainous regions of Morocco, where cannabis has been grown for centuries, but was banned in 1954, and to protect the local farmers from drug traffickers who control the trade and export it illegally to Europe, according to the news source.
In Morocco’s illicit market, northern region farmers earn roughly 4% of the crop’s end value. Government officials claim a regulated market will allow those farmers to earn 12% under the new law, according to a report from Cannavigia, a Switzerland-based compliance software company that helps track and trace cannabis along the supply chain in Europe.
The law also recommends that farmers set up cooperatives in the northern provinces to help take charge of signing contracts with manufacturers to help preserve their rights, practice sustainable agriculture and to acquire quality seeds, according to Cannavigia.
The Moroccan government estimates at least 60,000 families living on 55,000 hectares (roughly 212 square miles) depend on cannabis cultivation in the harsh growing environment of the country’s northern mountainous region, where other crops are not viable.
Here is the banner news: Germany, Europe’s largest economy (and the world’s fourth largest), is moving forward on full cannabis legalization. It is also not the only country in Europe to do so.
Here is the catch: Full legalization and market start is not going to be fast, or easy, anywhere. This includes Deutschland, where there has been an unsurprising temporary backlash from conservative politicians, mostly from the Christian Democratic Union (CDU) and all hailing from Bavaria—or as it is referred to here—the Texas of Germany.
Yet despite all the potential hurdles, the messaging coming from Berlin right now is that while it will be tricky, recreational cannabis reform is certainly feasible. And it will happen, sooner rather than later.
RELATED: European Cannabis Regulators Ease Restrictions in Preparation of EU Green Wave
The Largest Issues
The biggest problem European countries face is moving forward on a sovereign level while also updating EU regulations about the same. The EU as a region is committed to complying with international law, generally. This includes the mandates on cannabis set out in both the 1961 Single Convention on Narcotic Drugs and the 1971 Convention on Psychotropic Substances.
A pair of congressmen have introduced legislation to crack down on the use of banned pesticides at illicit cannabis grows.
U.S. Reps. Doug LaMalfa, R-Calif., and Scott Peters, D-Calif., have filed the Targeting and Offsetting Existing Illegal Contaminants (TOXIC) Act to help combat the environmental damage caused by illegal cultivation sites, according to a press release from LaMalfa’s office.
The legislation would also increase criminal penalties for those who grow cannabis illegally on federal property using banned pesticides, according to the announcement.
“Illegal marijuana grows have brought dangerous cartels into our rural towns, terrorizing residents and decimating our landscape,” LaMalfa said in a public statement. “The banned pesticides they use on their product seep into the soil and watershed, poisoning wildlife and endangering residents who inadvertently consume it. Everyone; outdoor enthusiasts, nearby residents on their own land, wildlife, Forest Service and law enforcement personnel are all at risk. The TOXIC Act is necessary to criminalize those who cause damage to our public land with banned chemicals and helps remedy the environmental impacts.”
The bill would do the following, according to the press release:
The Washington State Liquor and Cannabis Board (WSLCB) is seeking members for its Cannabinoid Science Work Group (CSWG).
The group of experts will meet at least every other month, and will provide regular feedback about issues related to cannabinoids in the state, according to the Mercer Island Reporter.
The CSWG’s ultimate goal is to build a fundamental understanding of the cannabis plant and the synthetic equivalents of its naturally occurring cannabinoids, the news outlet reported.
Kathy Hoffman, the WSLCB’s policy and rules manager, will co-chair the CSWG with one other member of the group, which will include the following, according to the Mercer Island Reporter:
An expert in pharmacologyAn expert in toxicologyAn expert with regulatory affairs experience in nutraceutical, pharmaceuticals or dietary supplementsAn expert in organic chemistryAn expert in cannabis research and;An expert in cannabis product testingThose interested in applying to the CSWG should email Hoffman at rules@lcb.wa.gov. Applications will close Oct. 24, according to the Mercer Island Reporter, and applicants chosen to serve on the work group will be notified via email in mid-November.
Massachusetts-based multistate cannabis operator Curaleaf announced Oct. 5 the completion of its previously announced acquisition of Tryke Companies (doing business as Reef Dispensaries), a privately held vertically integrated operator.
The transaction’s closing means Curaleaf’s national footprint now includes 29 cultivation sites and 144 dispensaries in the U.S., with key growth in the Arizona, Nevada and Utah markets.
“We are pleased to welcome Tryke to the Curaleaf family as we expand our operations and bolster our competitive position in three key growth markets,” Boris Jordan, founder and executive chairman of Curaleaf, said in a press release. “This strategic transaction expands our U.S. presence and yields meaningful benefits for all of our stakeholders. The acquisition is immediately accretive to our EBITDA margins and free cash flow generation.”
The Curaleaf-Tryke deal comes after Cresco Labs announced its intentions to acquire Tryke in September 2019 in a deal that included $282.5 million in considerations—roughly $252.5 million for Tryke’s operating assets plus $30 million for the company’s real estate assets. But that deal was terminated in April 2020.
RELATED: Cresco Labs Announces Mutual Agreement to Terminate Purchase Agreement with Tryke
In November 2021, Curaleaf announced its intentions to acquire Tryke in a cash and stock transaction that was valued at approximately $286 million at the time.
NORWOOD, Massachusetts, Oct. 5, 2022 - PRESS RELEASE - MariMed Inc., a multi-state cannabis operator, announced the opening of its first dispensary in Maryland. Operated by the company’s wholly-owned subsidiary, Kind Therapeutics USA, the 5,000-square foot, Panacea Wellness-branded dispensary features MariMed’s portfolio of award-winning brands, including Nature’s Heritage craft flower and concentrates, Betty’s Eddies all-natural fruit chews, and Bubby’s Baked soft baked goods. The dispensary is located at 2061 Generals Highway in Annapolis.
A grand opening celebration for medical patients and local officials will be held at the dispensary Oct. 18. The event will kick off at 9:30 a.m. with a ribbon-cutting ceremony featuring remarks from Maryland State Senator Sarah Elfreth (D-Anne Arundel County), Maryland State Senator Brian Feldman (D-Montgomery County), Anne Arundel County Executive Steuart Pittman (D), Annapolis Mayor Gavin Buckley (D), MariMed President Jon Levine, and the company’s Maryland General Manager Jeff Jones.
“We are proud to serve patients in the Annapolis region with our premium product offerings delivered by our highly trained team," Levine said. "The recent expansion of our state-of-the-art production kitchen in Hagerstown enables us to offer our full portfolio of quality products at a time when the state’s medical cannabis patients are looking for new and innovative offerings. We are particularly optimistic about the future of our business in Maryland as an adult-use referendum is expected to pass in November 2022.”
In addition to Panacea Wellness Annapolis, under state regulations, MariMed can own up to three additional dispensaries in Maryland. MariMed also owns or manages dispensaries in Illinois, Massachusetts, and Delaware, with additional sites under development in Illinois, Massachusetts, and Ohio. The company continues to review accretive acquisitions in other legal cannabis states.
With the opening of the dispensary in Annapolis, MariMed is a fully vertical cannabis operator in Maryland. The company operates a 90,000-square-foot cultivation and production facility in Hagerstown. MariMed’s branded cannabis products are distributed to virtually all the approximately 100 dispensaries in the Maryland medical cannabis program.
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LEAMINGTON, Ontario and CANTANHEDE, Portugal, Oct. 5, 2022 -PRESS RELEASE - Tilray Brands, Inc., a global cannabis company inspiring and empowering the worldwide community to live their very best life, announced that it has successfully relaunched its EU GMP-produced medical cannabis oral solution in Ireland under the country’s Medical Cannabis Access Program (MCAP). Tilray’s approved product has also recently received reimbursement approval, which gives patients cost reimbursement and ensures more eligible patients can access quality medical cannabis under Ireland’s MCAP.
Denise Faltischek, Tilray Brands’ chief strategy officer and head of international business, said, “We are extremely proud to relaunch in Ireland with an expanded footprint. The MCAP reimbursement approval is a tremendous step in providing patients with greater access to Tilray’s high-quality medical cannabis products that address their needs. We remain dedicated to do our part to increase access for patients in need around the world.”
Patients in Ireland may now access Tilray’s full-spectrum medical cannabis oil solution through the MCAP. Tilray intends to supply Irish patients with its full suite of medical cannabis products when local regulations allow.
Tilray Medical provides EU-GMP-certified medical cannabis products in 22 countries with a comprehensive portfolio of THC and CBD products. Each medical cannabis product that Tilray offers has been selected to ensure patients can receive both the highest product quality as well as consistency when it comes to the supply of their medicinal cannabis products.
]]>PORTLAND, Oregon, Oct. 05, 2022 (GLOBE NEWSWIRE) -- PRESS RELEASE -- The Arizona cannabis market is about to get a little sweeter! Grön, the women-led producer of delicious, handcrafted cannabis-infused edibles, today announced the launch of Pips - candy-coated chocolate pieces infused with full-spectrum cannabis extract - to the Arizona cannabis market. The beautifully delicious Pips are made with Fair Trade Certified chocolate, high-quality cannabis, and are available in four distinct flavors. The initial launch of Pips will be exclusive to Verano-owned and operated Zen Leaf dispensaries and The Flower Shop, a woman-led dispensary brand, with additional retailers coming online soon.
Pips are bite-sized chocolate pieces covered in a colorful, crunchy candy coating all around a crispy center – creating an irresistible snack-worthy edible. Infused with 5mg THC per Pip and available in a variety of cannabinoid ratios with 20 Pips per bag totaling 100mg THC, the versatile edibles can serve as a microdose edible or as an infused alternative to your favorite candy.
“Pips represent more than just a line of edibles, they showcase our commitment to innovation with truly unique forms and flavors. Our team is thrilled to launch Pips, as it supports our mission to bring purpose-driven cannabinoid ratios to the Arizona community,” said Christine Smith, founder and CEO of Grön. “We’d love to thank our partners at Verano for their continued support of our expansion efforts in Arizona. As a woman-led brand, we’re excited to partner with The Flower Shop, a woman-led cannabis dispensary, and continue to amplify the voices of strong women within our industry.”
Grön initially launched in the Arizona cannabis market in late 2021 with their Sugar-Coated Pearls, and has since become one of the leading edibles brands in the state. The launch of Pips completes Grön’s selection of edibles in Arizona, which includes their best-selling Sugar-Coated Pearls, MEGA Pearls, and Fair Trade chocolate.
Pips Giveaway
SAN DIEGO and TORONTO, Oct. 4, 2022 - PRESS RELEASE - StateHouse Holdings Inc., a California-focused, vertically integrated cannabis enterprise, announced that it has entered into a strategic partnership with Nabis, one of California's largest cannabis distributors, under which the company is outsourcing all of its cannabis distribution.
Under the terms of the partnership, Nabis has assumed all of StateHouse's distribution obligations effective yesterday. Nabis has one of the leading cannabis wholesale platforms in California and is one of the largest cannabis distributors in the state. It is the ideal partner to ensure broad and efficient distribution of StateHouse's products.
Outsourcing distribution also enables the company to focus more on optimizing its retail and wholesale operations in California to expand margins and market share further.
"We are very pleased to enter this strategic partnership with Nabis, a strong and reliable distribution partner that has extensive reach across California," said Ed Schmults, chief executive officer at StateHouse.
]]>A judge dismissed a pair of lawsuits in August that challenged Detroit’s adult-use cannabis ordinance, but last week, a prospective cannabis business owner and a medical cannabis company in the city filed new litigation claiming that the ordinance gives unfair preference to longtime Detroit residents.
Arden Kassab and PharmaCo filed the lawsuit Sept. 28 in U.S. District Court for the Eastern District of Michigan, asks the court to invalidate the ordinance and block the city from accepting applications for dispensary, microbusiness and consumption lounge licenses, according to the Detroit Free Press.
Michigan launched adult-use cannabis sales in December 2019, and Detroit City Council approved a revised adult-use ordinance in April 2022, nearly 10 months after U.S. district judge blocked the city’s previous attempt to license adult-use cannabis businesses.
The original ordinance would have allowed entrepreneurs to obtain “Detroit Legacy” status when applying for adult-use licenses, providing licensing preference to applicants who have lived in the city for a certain number of years. The legacy provision would have also given an advantage to those with low incomes, as well as those with past cannabis-related convictions.
Detroit’s revised ordinance outlines plans to issue half of the available licenses to social equity applicants, which are defined as longtime Detroit residents and individuals who live in communities where cannabis-related convictions are greater than the state average. However, it provides separate processes for residents and non-residents to receive licenses to ensure that the two types of applicants do not compete against each other in the licensing process.
BOCA RATON, Florida, Oct. 4, 2022 - PRESS RELEASE - Jushi Holdings Inc., vertically integrated, multi-state cannabis operator, announced that it has appointed Bill Wafford to its board of directors, effective immediately. In addition to his appointment as independent director, Wafford will serve as chair of the audit committee.
Wafford is a highly skilled leader with over 25 years of finance and management consulting experience. Throughout his career, he has led all aspects of finance, strategy, and execution within several Fortune 500 public and private companies in the retail industry. His deep breadth of experience spans various functions, including accounting, corporate venture capital, M&A, and real estate, in addition to corporate strategy, investor relations, internal audit functions, and procurement and supply chain management.
"We are thrilled to welcome [Wafford] and advance our commitment to robust governance through the expansion of our board," said Jim Cacioppo, Jushi CEO, founder and chairman. "[Wafford's] impressive background and strong financial acumen will provide valuable perspectives as we enhance board oversight and strengthen the company's financial reporting, particularly with our new status as a U.S. reporting issuer. We look forward to [Wafford's] contributions as we look to achieve accelerated profitability through the remainder of the year."
Wafford added, "I would like to thank [Cacioppo] and the board for welcoming me at such an exciting period in the evolution of Jushi. I look forward to working with the company's highly skilled directors and contributing both my expertise and insights to drive sustained growth and value for our shareholders as this dynamic industry rapidly matures."
Wafford currently serves as chief financial officer of Everlane, a digitally native apparel, footwear and accessories brand that is leading the fashion industry toward a more environmentally conscious, sustainable future. Before Everlane, he served as chief financial officer of JCPenney, one of the largest retail department chains in the U.S., The Vitamin Shoppe, a specialty retailer of nutritional products, and Thrasio, a global consumer goods company. Wafford also previously served as a partner of the advisory practice group at KPMG after holding various executive finance roles with Walgreens Boots Alliance, Target, Archstone Consulting, and Bank of America.
The company also announced that it has bolstered its senior leadership team with the promotion of Tobi Lebowitz to chief legal officer and corporate secretary. Lebowitz joined the company in 2019 and was part of the core team which brought Jushi public shortly thereafter. Since then, she has played an instrumental role in the execution of various initiatives across the business, including strategic M&A, business development, and high-stakes litigation. Lebowitz previously held the role of executive vice president and co-head of legal affairs.
While the cannabis industry is currently dealing with price corrections from a post-pandemic sales boom, a recent report from cannabis data and research company Headset shows that sales in legacy markets are actually up compared to pre-COVID.
New Mexico regulators have uncovered 31 noncompliant cannabis businesses, although the state has not cited any adult-use operators since recreational sales launched in April, according to a local KRQE report.
The Cannabis Control Division (CCD) has conducted roughly 100 inspections since April to verify compliance with waste control, fire safety and security requirements, the news outlet reported.
“The whole idea is we’re going from an unregulated new industry to a regulated industry,” CCD Director Andrew Vallejos told KRQE, adding, “It’s a new industry and we’re working with the licensees to get them in compliance.”
The CCD, which currently has eight compliance officers tasked with inspecting the 478 adult-use cannabis licensees in the state, is in the process of hiring two additional officers, the news outlet reported.
DENVER, Colorado, Oct. 4, 2022 - PRESS RELEASE - Schwazze., a vertically integrated, multi-state cannabis company with assets in Colorado and New Mexico, announced the grand opening of its adult-use dispensary, R.Greenleaf, located in Clovis, N.M. The new store, located at 2009 Ross Street in Clovis, officially opened its doors for business Oct. 1. Regular store operating hours are 9 a.m. to 8 p.m. Sunday through Saturday.
This store opening continues the company's deliberate expansion throughout New Mexico and comes on the heels of the Sept. 24 store opening in Ruidoso. This brings R.Greenleaf's number of New Mexico retail dispensaries to 12. All locations serve the needs of medical patients as well as recreational adult-use consumers.
"Schwazze is excited to add our second new retail dispensary in New Mexico within the last week and since adult recreational cannabis was legalized in New Mexico on April 1st," said Steve Pear, New Mexico Division president for Schwazze. "We are honored to bring our support to the Clovis community. R.Greenleaf offers a wide variety of quality products and is serviced by top-notch, knowledgeable staff."
Grand opening product specials and promotions are already in full swing with multiple flower pack offers, pre-rolls, gummies, chocolates and distillate vaporizer cartridges. Bundled kits, deals and cannabis product starter packs will be offered to provide patients and recreational customers with a variety of product forms and consumption methods based on individual needs and preferences.
A grand opening celebration will be held 9 a.m. to 2 p.m. on Saturday, Oct. 15. Swag bags will be available to the first 75 shoppers, with one lucky customer receiving a 50% discount coupon. Music will accompany a food truck offering free burritos and tacos to the first 75 customers making a purchase.
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