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Cannabis sales in Michigan hit $984.6 million in 2020. Medical cannabis sales accounted for $474 million for the year, while adult-use sales reached $510.7 million.
Rhode Island and the Soboba Band of Luiseno Indians received approvals from the U.S. Department of Agriculture (USDA) for its hemp regulatory proposals.
The Christmas and New Year’s holidays marked the single biggest cannabis sales period of 2020. The period between Dec. 18 and Dec. 24 generated roughly $427 million, according to
Akerna (NASDAQ:KERN). The largest sale day of the period was Wednesday, Dec. 23, with $87.3 million, making it the third largest cannabis sales of the year, just behind Green Wednesday with $87.4 million. Exceeding all expectations, New Year’s Eve was the single biggest sales day of 2020 with $89.4 million.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Power REIT Acquires Greenhouse Property for Cannabis Cultivation in Highly Accretive Transaction
Power REITJanuary 14, 2021 GMT
Enters into Long-Term Lease with The Apotheke – a Minority Woman-Owned Business
Old Bethpage, New York, Jan. 14, 2021 (GLOBE NEWSWIRE) Power REIT (NYSE-AMEX: PW and PW.PRA) (“Power REIT” or the “Trust”) today announced that it acquired a 4.31-acre parcel in Ordway, Colorado (the “Property”) through a wholly owned subsidiary (“PropCo”).
The property has been leased by The Apotheke (“Apotheke”), a Minority Woman-Owned Business, which is owned and operated by Ms. Viviana Fernandez, and is one of only a few minority women owned cannabis businesses in Colorado. Ms. Fernandez is a seasoned operator with extensive grower and dispensary expertise.
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