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Arizona Has the Fastest Start to the Adult-Use Cannabis Market


Arizona Has the Fastest Start to the Adult-Use Cannabis Market
The companies that staked a flag in the state for the medical program were in a great position to quickly hit the ground running.
Arizona voters approved the sales of adult use cannabis back in November and by January some providers were able to begin sales. It was called the Smart and Safe Arizona Act or Prop. 207, and it favored existing medical marijuana license holders. The companies that staked a flag in the state for the medical program were in a great position to quickly hit the ground running.
Historically, this is massive. We re already one of the strongest medical markets in the country, and this is just going to make things bigger, said Pankaj Talwar, CEO of four Sol Flower dispensaries in the Metro Phoenix area. ....

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The Week In Cannabis: Tilray-Aphria Merge, Aurora Continues Layoffs, Financings, Earnings, M&A


The Week In Cannabis: Tilray-Aphria Merge, Aurora Continues Layoffs, Financings, Earnings, M&A
Benzinga
12/18/2020
Aphria (NASDAQ: APHA) and
Tilray (NASDAQ: TLRY). Benzinga spoke with Aphria CEO and chairman
Irwin D. Simon, who will maintain those two positions in the new company, and Tilray CEO
Brendan Kennedy, who will serve in the new corporation’s board of directors. The executives shared details on how the deal came to be, and their expectations for the future, which, they say, doesn’t include massive layoffs.
Cantor Fitzgerald’s analyst Pablo Zuanic praised the merger. The Canadian cannabis sector is in need of consolidation due to the oversupply problems and “historically low flower retail prices,” he explained. ....

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