Friday’s here and you know what that means: time for a cannabis industry news roundup. Here are some of the headlines you may have missed this week.
You can go your own way, YourWay. The house of brands operator has announced the termination of its contracts with both Old Pal and AIRO in Arizona. YourWay first established a distribution agreement with AIRO in February of 2022 and with Old Pal a month later in March. Now, the company says that the terms of the contracts are no longer viable given Arizona’s market conditions.
And they’re off. Less than a week after Missouri dispensaries began slinging recreational weed, Doobie Delivery became the first recreational delivery service to serve customers in the St. Louis area. The service launched in July 2021 as the first medical cannabis delivery service in the state.
Now that’s some sticky icky. And a tale as old as time. The New York Office of Cannabis Management is currently trying to crack down on illegal sales of cannabis through the classic sticker loophole. (Customers purchase a suspiciously expensive sticker and just happen to get the generous gift of weed thrown in.) Lawmakers are lobbying to tighten the state’s rules, adding civil and criminal penalties to those who engage in the sticker crime ring.
The people just keep making history. Holistic Solutions opened this week in Waterford, New Jersey, marking the first dispensary in the area. But that’s just the beginning. Big props to Suzan Nickelson, who is not just the first Black woman to launch a dispensary in New Jersey, but also the first woman to own a cannabis license in all of the state. We’re excited to watch Holistic Solutions grow.
Well, we saw this coming. Yet another cannabis giant has announced massive layoffs while pointing fingers at the illicit market for stunting their success. Canopy Growth is cutting its workforce by 60 percent, with many of the layoffs effective immediately. All in all, the company’s saying see ya to around 800 employess.