CT is the 19th
Connecticut has become the 19th state to legalize adult recreational use of cannabis after Gov. Ned Lamont signed the bill into law on Tuesday. The bill will come into effect on July 1st, allowing adults aged 21 and older to possess up to 1.5 ounces of cannabis. The sale of recreational marijuana is expected to begin in May 2022. "People have been working on this for 10 years," Lamont noted, adding, "it's been a long time coming. I think we have a good bill that puts public health first." The legalization "will help eliminate the dangerous unregulated market and support a new, growing sector of our economy which will create jobs," Yesterday, Multi-state operators in afternoon trading were mixed to down. Lamont also mentioned he would be open to trying the product once legalized.
Cresco PA Location
CRLBF is a USA MSO Long.
Cresco Labs announced that it opened its fourth dispensary location in Pennsylvania. PA has had a robust demand for medical marijuana, according to our latest tracker. The dispensary is located just steps away from the heart of downtown Philadelphia. The location will feature 10 POS systems with more than 5,500 square feet of space and various medical cannabis products displayed by form and function. Patients can place online orders, browse live inventory and pick up orders in-store the same day. “I commend our Retail, Real Estate and Community Integration teams for their outstanding work in the opening of another Sunnyside location that will help grow our presence in the sixth-largest U.S. city,” said Charlie Bachtell, Cresco Labs’ CEO and Co-Founder. “Our Sunnyside retail platform continues to outpace industry averages on per store retail metrics thanks to our teams’ ability to open in the best locations, secure an array of products to serve a breadth of consumer needs, and deliver an excellent customer experience. We’re delighted to begin bringing the Sunnyside retail experience to medical patients in downtown Philadelphia.”
Usage Rates Surge Among Women and Gen Z
According to a new study by a research firm called Brightfield Group, 50% of consumers use cannabis more than five days per week, while 22% of consumers use it multiple times a day. Also, female cannabis consumers skew younger and are heavier users than men. The portion of female cannabis users steadily rose through 2020, reaching 51% in the first quarter of this year.
