Montana’s Adult-Use Cannabis Market Is Off and Running: Week in Review


<![CDATA[Montana joined the ranks of active adult-use markets at the top of this month, opening several hundred dispensaries and quickly pulling in $1.5 million or so in cannabis sales.“[Opening day] was very busy. Busier than expected,” Tanya Simonson, part owner of Herbaceous Inc. in Big Sky, told Lone Peak Lookout. “There’s definitely a lot of tourists coming in but a lot of locals too… We were definitely back stocked with weed, and we went through a lot. It was a big day. We ran out of some product, some of our edibles.  “Now that it kind of has opened up I feel like a stigma maybe has released just because people are like, ‘Oh, it’s legal.’ And now maybe [people are] not as nervous to even come into the store. Whereas before, when it was just medical, people were a little hesitant because there’s such a stigma on cannabis.”We’ve rounded up some of the key cannabis headlines from the week right here.New York Gov. Kathy Hochul announced during her Jan. 5 State of the State address that officials will create a $200 million fund to support social equity cannabis businesses. Read more Montana launched its adult-use cannabis program Jan. 1, and dispensaries sold more than $1.5 million in product during the first weekend of legal sales. Read more Iowa lawmakers unveiled a proposal Jan. 5 to place an adult-use cannabis legalization measure before voters on the state’s ballot. Read more South Dakota lawmakers will continue their debate on adult-use cannabis legalization and fine-tuning the state’s medical cannabis program when the 2022 legislative session starts Jan. 11. Read more Consumers stocked up on cannabis products during this past holiday season, as post-holiday sales data from Headset, LeafLink, Flowhub and others show increased sales in the weeks leading up to Christmas and New Year’s Day. Read…

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Source : Montana’s Adult-Use Cannabis Market Is Off and Running: Week in Review

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