12/19/2024
5,000 New Cannabis Retailers Projected To Open
An estimated 5,000 new cannabis retailers not owned by multistate operators are projected to open in the next two to three years in states such as New York, New Jersey, Maryland and Minnesota, LeafLink reports, representing a 70% increase in store count.
Different states with legal cannabis showed contrasting year-over-year price trends during the third quarter. For example, Maryland saw a significant 23.2% price drop, while Arkansas experienced a 20.7% increase.
Retail cannabis sales climbed to about $2.8 billion in October, a new record for the month, according to a report from wholesale cannabis marketplace LeafLink.