The selection of cannabis products offered online by this national dispensary chain—from pre-rolls to flowers to edibles and beyond—is decidedly vast. And it offers weekly discounts for medical patients (15% off, Mondays), veterans (15% off, Wednesdays), food industry workers (10% off, Sundays) and anyone with a valid Nevada ID (10% off, Tuesdays).
Curaleaf reported record financial and operational results for the third quarter of the year with pro forma revenue of $215.3 million, and year-to-date managed revenue of $419.6 million, including third-quarter revenues of $193.2 million – a 164 percent increase.
The firm indicated an approximately $46,934,000 gross profit increase from cannabis sales from $42,735,000 in Q2 to $89,669,000 in the third quarter. The company also reported a 51 percent increase in adjusted EBITDA from $27,994,000 to $42,295,000 – representing a 305 percent year-over-year increase.
Marijuana multistate operator Curaleaf Holdings on Tuesday announced record quarterly sales and an impending CEO change to a consumer packaged goods veteran.
Joseph Bayern, who joined Massachusetts-based Curaleaf in December 2019, will replace Joseph Lusardi as the company’s CEO, effective Jan. 1, 2021.
Bayern previously served as president of Indus Holdings, a vertically integrated cannabis company in California, and has management and operations experience with Dr. Pepper Snapple Group and Cadbury.
Bills in favor of legalizing recreational cannabis use were passed in Arizona, Montana, New Jersey and South Dakota in early November, bringing the total number of states to do so to fifteen, plus Washington DC. 36 states have legalized medical cannabis over the last few years. Curaleaf, the largest cannabis brand in the world, sells its products through its own retail outlets and in dispensaries. CMO Jason White spoke with WARC’s Cathy Taylor for the Marketer’s Toolkit 2021 about Curaleaf’s trajectory.
…Joe Bayern, 57, the president of Curaleaf, a cannabis company with locations around the country including in New Jersey, said the density of the state’s population, its proximity to metropolitan areas and a high level of disposable income all spell future success for New Jersey’s marijuana industry. Another attracting factor, he said, is that the tax on recreational marijuana being considered by lawmakers may be one of the lowest in the country.
Cannabis entrepreneur and executive Cameron Forni, who sold his Select brand of concentrates to Curaleaf for nearly $400 million in February, recently toured through the Midwest as a Curaleaf executive touting the company’s new Select Elite Live cartridge.
More than 60 pot shops in Michigan along with 14 dispensaries in Illinois offer Select products. Connoisseurs as well as cannabis executives whose job it is to track what is selling locally and across the country eagerly anticipated the Elite Live rollout.
Nearly every contour of our lives has shifted to fit the new reality of the pandemic. For those of us who use cannabis, that includes how we imbibe. Passing a blunt, once a chill bonding ritual, now carries great risk, and the respiratory symptoms of COVID-19 have made some of us wary of smoking, period. Here’s how the pandemic has changed how we get high, plus some suggestions for how to remix your weed habits during this strange time.
Big marijuana companies and emerging entrepreneurs are laying the groundwork to set up shop in New Jersey after voters approved a constitutional amendment legalizing the recreational use of cannabis.
Residents supported the ballot measure in the Nov. 3 election by a 2-to-1 margin. State lawmakers are now crafting enabling legislation to help set up the parameters of the marketplace, and a new state commission is set to start creating regulations for the new industry.
Marta Freedman understands the value of having a routine. “Rituals are so important!” says the creative director, whose work straddles a number of brands including cannabis publication Nice Paper and the recently launched skin-care brand Dieux (aka the reusable eye masks that have become somewhat Instagram famous). “At Dieux, we say ‘rituals, not miracles,’” shares the L.A.-based creative, suggesting that the statement is more than a product slogan, but indicative of her own way of life.
Illinois added another adult-use only dispensary at 9:00 a.m. today.
Greenhouse Group opened Greenhouse Melrose Park, located at 1413 W North Ave., with a ribbon-cutting ceremony in partnership with the Melrose Park Chamber of Commerce.
Hours of operation are Monday-Saturday 9-8 p.m. and Sunday 10 a.m.-6 p.m. Available products include flower, vapes, extracts/oils, topicals, concentrates, and edibles.
Take a peek at any workday on Shavone Charles’ schedule, and you may begin to feel slightly overwhelmed. Here’s a simplified breakdown: Charles is a multi-hyphenate creative who splits her time between her day job overseeing partnerships at a major tech corporation and her several additional hustles. These include running her own creative agency, Magic In Her Melanin, writing and recording music, and, as a recently signed Ford model, appearing in front of the camera on a regular basis.
Though races remain undecided up and down the ballot both here in New York and across the nation, there was one clear winner this past Election Day: cannabis.
In what some have dubbed the “green wave,” voters in New Jersey, Montana and Arizona all approved legalization of adult-use cannabis, while South Dakota made history by becoming the first state in the country to simultaneously green light both adult-use and medical cannabis.
Marijuana businesses are spending millions to expand their operations and buy new medical licenses in Arizona, as the passage of Proposition 207 by voters on Election Day will allow sales of recreational marijuana to adults in about four months.
"We are already building walls and pounding nails," said Steve Cottrell, president of Curaleaf Arizona. Wakefield, Mass.-based Curaleaf has eight medical-marijuana dispensaries in Arizona and 95 medical and recreational marijuana shops in 23 states.
Voters in Arizona, Montana, New Jersey, South Dakota, and Mississippi approved to relax marijuana laws on Tuesday. Curaleaf CEO Joe Lusardi joins Yahoo Finance’s Zack Guzman to discuss why more states are looking to legalize recreational marijuana and weigh in on the outlook for the cannabis industry.
New Jersey voters chose to legalize marijuana on Tuesday, though it could be months before adults 21 and over can legally buy and use cannabis.
"As we've seen in states like Illinois and Massachusetts, this is going to open up the market tremendously from just the medical to adult-use in those over 21 years old," said Patrik Jonsson, regional president of the Northeast for Curaleaf.
The U.S. elections are poised to spark significant changes in the cannabis business. Curaleaf (CSE: CURA) (OTC: CURLF) Executive Chairman Boris Jordan sat down with New Cannabis Ventures to give his thoughts on what the election results at the state and federal levels could mean for the industry.
“Cannabis won, and won big,” said Boris Jordan, chairman of Curaleaf Holdings Inc., one of the largest cannabis companies. “It’s a green landslide.”
The latest results make recreational marijuana legal in 15 states and approved for medical purposes nearly nationwide, pushing the once-taboo topic of legalization firmly into the U.S. mainstream.
In Arizona, a hot point of discussion for many is Proposition 207 on this year’s ballot. If it were passed, it would legalize marijuana in Arizona and allow for its recreational use, impose a 16 percent excise tax on marijuana sales, and allow the state to regulate licensing marijuana in Arizona and amend laws concerning marijuana possession and use.
It is important to be an informed voter and understand exactly what the impacts of proposed legislation is, so AZ Big Media spoke with Steve Cottrell, the president of Curaleaf Arizona, to discuss Prop 207 and what some of its impacts could be.