America’s biggest cannabis retailer will become the world’s biggest legal seller, with a billion dollar merger announced this morning. Curaleaf Holdings (ticker: CURA.Canada or CURLF.OTC) will buy privately held Cura Partners, a West Coast wholesaler whose Select brand is the country’s best seller. Between them, the two companies did $205 million in revenue last year. That’s far more than any licensed seller in the world—including widely known Canadian outfits like Canopy Growth (CGC), whose 2018 sales were less than $120 million.
Louisiana has drive-thru margarita spots, and now Florida has its own drive-thru dispensary. It actually has a few. Curaleaf opened a new drive-thru cannabis dispensary in the United States a few weeks ago, its 23rd dispensary in the state and 43rd in the country.
PLATTSBURGH, N.Y. —
A big change has taken place at Plattsburgh’s Curaleaf. Patients can have medical marijuana delivered right to their homes across the North Country and more.
“We will deliver to Clinton, Franklin, Essex, St. Lawrence – and we are heading as far south as Warren and Saratoga counties as well,” Plattsburgh Curaleaf manager Steven Howell said.
We’ve been seeing hemp, and its soothing extract CBD, everywhere since Congress decriminalized the innocuous strain of cannabis in December. The stock market never misses a fad, so public companies are eagerly adding hemp to their product lines.
Hemped-up cosmetics, clothes, and nutritional supplements could achieve good sales. The analysts at Cowen & Co. foresee several billions worth of sales for the industry. But it’s hard to find obvious winners in what’s shaping up to be a crowded field. “You are going to see a Wild…
Sale of legal cannabis is a rare moment in retail history. It’s not often a prohibited substance makes the transition from backstreets to Main Street, but that’s exactly what’s taking place—and on a revolutionary, global scale.
For cannabis companies hoping to build retail chain empires in the United States, the revolution is happening s-l-o-w-l-y. Continued federal prohibition and complicated state and local regulatory schemes present considerable obstacles for setting up one store, much less operating a hundred dispensaries across several states or a geographic region.
In Miami, you can find drive-thrus for croquetas, flan, tres leches, and even vaca frita. Beginning today, you can also pick up pot — provided you have a medical marijuana card.
Curaleaf, one of the largest cannabis brands in the nation, is opening a drive-thru dispensary at 5400 NW 72nd Ave., just outside Doral. The 4,000-square-foot storefront includes private consultation rooms and sells a variety of medical marijuana products, including smokable weed, now that it’s legal in Florida.
Lakeland is on the forefront of the latest change in Florida’s medical marijuana laws. The first marijuana in a form that can be smoked was sold Tuesday at the Curaleaf dispensary in North Lakeland. Curaleaf is one of two companies that have received permission to sell “smokable” marijuana since the passage last week of a law expanding use of the product.
BlackRock Inc. funds are wading into the fast-growing cannabis industry as institutional investors grapple with betting on weed.
Five actively managed BlackRock funds have become the largest institutional investor in Curaleaf Holdings Inc., the dispensary operator that announced plans Wednesday to sell its hemp-derived products in more than 800 CVS Health Corp. stores. With a market cap of about US$2.3 billion, Curaleaf is the third-most valuable U.S. cannabis firm and has risen 45 per cent this year through Wednesday. It runs 42 dispensaries in 12 states.
As American cannabis seller Curaleaf Holdings reported a 43% sales rise from the September to December quarters, it announced that it’s jumping into the hemp field. Chief executive Joe Lusardi told Barron’s that the company’s Curaleaf Hemp products are already at retailers like CVS (CVS). Since Congress legalized hemp—a variety of cannabis with soothing ingredients like CBD, but not the intoxicating THC—Curaleaf and its peers are rushing out products they hope will become bigger sellers than marijuana, now that CBD can be sold anywhere. Curaleaf will promote its hemp products through a deal with Hearst Media.
CVS Health Corp. this week will begin selling products infused with the trendy, non-intoxicating hemp component at more than 800 of its stores as part of a distribution deal with marijuana company Curaleaf Holdings Inc., Curaleaf said Wednesday.