Illinois Monthly Puff: Cannabis Retail Faces Sales Decline, Delivery Exclusivity Extended
Illinois Cannabis Retail Market Update — March 2026 Illinois cannabis retail is navigating headwinds: statewide sales dropped 12% in 2025 to $1.5 billion, cross-border leakage to Michigan and Missouri intensified, and the state extended delivery license exclusivity for social equity operators through April 2029. Meanwhile, municipalities from Sycamore to Wood River are approving first-time dispensaries, […]
Ohio Monthly Puff: Ohio Soon to Cap Retail to 400 Stores?
Ohio Cannabis Retail Market Update — March 2026 The Ohio cannabis retail market is entering a critical inflection point this month. The statewide 400-dispensary cap takes effect March 20 alongside new buffer rules, while a referendum effort racing toward the same deadline could undo the entire framework. Cincinnati’s $2.5M cannabis revenue allocation shows municipalities integrating […]
Michigan Monthly Puff: MI Battles 24% Tax as Sales Drop and Crackdowns Begin
Michigan Cannabis Retail Market Update — March 2026 Michigan cannabis retail operators entered March 2026 facing competing forces: nearly $93.7 million in adult-use excise tax revenue distributed to 313 government entities and tribes, a state senator’s bill to repeal the 24% wholesale tax that took effect January 1, and New Buffalo Township’s move to revoke […]
California Monthly Puff: Pacific Grove Lottery, LA Amnesty, SB Tax Hike
California Cannabis Retail Market Update — March 2026 The California cannabis retail market in March 2026 centers on Pacific Grove’s live license lottery, Los Angeles moving to recover $400 million in delinquent taxes through amnesty, and Santa Barbara proposing a two-point tax increase. Port Hueneme slashed retail caps to five dispensaries, and Q4 2025 statewide […]
New York Monthly Puff: New Mall Dispensary and Beverages in Liquor Stores?
New York Cannabis Retail Market Update — March 2026 The New York cannabis retail market is moving into new channels and formats in March 2026. City of Victor approved the state’s first mall-based dispensary, the Assembly is pushing a beverage bill that would put low-THC drinks in liquor stores, and OCM issued a statewide product […]
US National Monthly: Five States Drive Cannabis Retail Expansion
February 2026 Cannabis Retail Expansion: Five States Lead the Way February 2026 brought significant cannabis retail expansion across multiple states. Minnesota’s cannabis retail market crossed 96 licensed retail sites with wholesale pricing holding above $4,500 per pound, Kentucky opened its first Northern region dispensary in Florence, and Ohio hit $1 billion in 2025 sales while […]
New Jersey Monthly Puff: Cannabis Retail Sees Municipal Shifts and CRC Actions
New Jersey Cannabis Retail Market Update — February 2026 The New Jersey cannabis retail market is moving through active municipal recalibration and stepped-up state enforcement this month. Newark added a new dispensary in the Ironbound neighborhood, CRC suspended licenses for Jersey Strong and placed Mollitiam products on administrative hold, and South Bound Brook voted on […]
Cannabis M&A Newsletter: Debt Forces Hands as Cannabis Acquisitions Accelerate
Welcome to our first national cannabis M&A newsletter! Where we keep you updated on the latest intel to assist in your expansion efforts. February 2026 cannabis acquisitions were shaped by one dominant force: debt coming due. The month’s headline deal – Millstreet Credit Fund’s $130M loan-to-own acquisition of Cannabist’s Virginia assets confirms that lenders are […]
Minnesota Month Puff: 96 Cannabis Retail Licenses, $4,500/lb Wholesale Pricing
Minnesota Cannabis Retail Market Update – February 2026 Minnesota’s cannabis retail market crossed a major threshold in February 2026 – 96 adult-use retail licenses issued statewide, with Anoka launching the nation’s first city-owned dispensary and wholesale pricing surging past $4,500 per pound amid tight supply. New siting restrictions are advancing in the legislature while tribal […]
Ohio Monthly Puff: Ohio Hits $1B Cannabis Sales, SB 56 Compliance Looms
📊 OHIO CANNABIS RETAIL – $1 BILLION IN 2025 SALES VALIDATES MARKET SCALE The Setup: Ohio Department of Commerce data confirmed more than $1 billion in legal marijuana sales during 2025, with more than $35 million in adult-use excise taxes collected since August 2024. Tax distributions to nearly 100 host communities began in January 2026, […]