Black farmers are looking to the cannabis industry in the U.S. to spur generational wealth in the Black community after decades of grappling with the hardships of being locked out of the agricultural industry and land ownership.
Highlights:In Q4, explosive gross profit growth (up 179% vs. Q4 FY2020) driven by addition of high-margin DehydraTECH licensing revenues; strong net revenue growth of 60% vs. Q4 FY2020 For the full fiscal
Highlights: In Q4, explosive gross profit growth driven by addition of high-margin DehydraTECH™ licensing revenues; strong net revenue growth of 60% vs. Q4 FY2020 For the full fiscal year, increased gross profits by 55% and grew net revenue by 27% vs. previous fiscal year, despite the pandemic Added two new lines of business to legacy alcohol-free beverage business - 1) cannabis-infused beverage sales and 2) .
With the growing number of medical cannabis patients in Ohio, the state decided to more than double the number of medical marijuana dispensaries in the following year, reports The (Cincinnati) Enquirer.
The Ohio Board of Pharmacy approved the expansion Monday, enabling companies to apply for 73 new dispensary licenses this summer, bringing the total to 130 across the state.
Applicants are supposed to follow the original rules from 2017, which count security and business plan requirements, the report stated. The businesses would be limited to five dispensary licenses in the state, including the ones already in existence.
The first limit on the number of dispensaries in the state was set to 60 by the pharmacy board in 2017, and was based on a projected patients count of around 12,000 and 24,000 over two years, according to Sharon Maerten-Moore, the board’s director of medical marijuana operations.