Retail Stores Growing As Global Cannabis Sales Are Projected To Exceed $55 Billion by 2026
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PALM BEACH, Fla., May 6, 2021 /PRNewswire/ Retail cannabis sales in North America soared in 2020. The pandemic has virtually destroyed many businesses, big and small, over the last year, but there is a retail business that has flourished IN and BECAUSE of the healthcare crisis… Cannabis Dispensaries. In fact sales increased over 67% in 2020, so says an article in FlowHub. They said that analysts attribute this massive increase both to changing public perception, but also to the pandemic itself. More home-bound than ever, and with ongoing fear of shutdowns, people stocked up on cannabis to the tune of nearly $18 billion, said Leafly. Delivery and online ordering reigned supreme
Curaleaf Announces Changes to Footprint in Maryland
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Updates Further Strengthen Curaleaf s Position as a Leading Cannabis Operator in the State
WAKEFIELD, Mass., May 4, 2021 /PRNewswire/
(CSE: CURA) (OTCQX: CURLF) ( Curaleaf or the Company ), a leading international provider of consumer products in cannabis, announces the completion of the previously announced reorganization of its Maryland business. The reorganization optimizes Curaleaf s cultivation, processing and dispensary footprint in Maryland, further strengthening the Company s position as a leading cannabis operator in the state.
In connection with the reorganization, Curaleaf has completed the acquisition of Maryland Compassionate Care and Wellness, LLC ( MCCW ), which operates a 55,000 square foot co-located cultivation and processing facility in Taneytown, MD and a dispensary in Gaithersburg, MD under the Herbology brand. Curaleaf has also completed the sale to TerrAs