Trulieve Expands Amidst Battle To Legalize Weed

As support to legalize recreational cannabis is growing in Florida, medical cannabis giant Trulieve Cannabis Corp. (CSE:TRUL) (OTCQX:TCNNF) continues to ramp up its retail footprint.

On Monday, July 1, the company opened two new shops selling medical marijuana in Madison and Panama City. The grand opening celebrations at both locations are scheduled for Friday, July 5.

Trulieve Madison, located at 456 W Base St., and Trulieve Panama City, located at 1020 E 23rd St., will be offering walk-in and express pickup service.

The Tallahassee also plans to hold a ribbon-cutting ceremony at the 5679 S Suncoast Blvd store in Homosassa the same day.

“We are thrilled to offer patients in these communities new, convenient locations where they can rely on Trulieve’s high-quality products and outstanding customer service,” Kim Rivers, the company's CEO, said in a press release.

The company added the information about the #YesOn3 ballot initiative for adult use will be available. Trulieve has reportedly spent more than $40 million to get 's marijuana legalization measure on this year’s ballot.

Safe & Smart recently reported it has raised over $60 million, as opposed to Governor Ron DeSantis' Florida Freedom Fund that aims to help defeat two the ballot initiatives up for a vote this November: marijuana legalization and expanding abortion access. DeSantis' campaign faces a fundraising disadvantage, having raised only $10,000.

Martha’s Vineyard Weed Dispensary Reopens

Last week, cannabis retail shop Island Time reopened following a legal saga around Massachusetts' stringent regulations prohibiting the transportation of cannabis products across state territorial waters. Massachusetts Cannabis Control Commission (CCC) recently issued an administrative order permitting the first-ever maritime transport of state-legal cannabis, reported the Martha’s Vineyard Times.

The shop was previously temporarily closed starting in May as Geoff Rose, owner of Island Time, wasn't able to get or grow cannabis, considering the transportation of cannabis over federal and state water or by plane is restricted by law. Rose, then sued the state regulator to allow it to transport the products from the mainland to the Island.

Read Also: This Massachusetts Marijuana Dispensary Finds A Way Around Strict Advertising Rules

Minnesota's New Marijuana Shop Opens On Prairie Island

The Prairie Island Indian Community located in Southeastern Minnesota soft-launched cannabis sales at Island Pezi cannabis dispensary on June 24, reported KIMT.

The store hosted a grand opening ceremony last week and is a cash-only business, requiring an ID for entry and at the cash register.

Mike Tyson's First Branded Shop In Amsterdam

Tyson 2.0, a cannabis brand by legendary boxing champ Mike Tyson plans to launch its first branded retail store, Tyson 2.0 Brandstore, in Amsterdam on Thursday, July 4, Benzinga exclusively learned.

Located in the heart of Amsterdam’s famous Grachtengordel neighborhood, the shop will showcase various company-branded products, including merchandise, apparel, and a curated selection of smoking accessories such as trays, lighters, grinders, smoking devices, rolling papers, and more. No cannabis for sale.

"Opening Coffee Shop Tyson 2.0 in Amsterdam last year was a dream come true,” Tyson said. “Now, with the opening of Tyson 2.0 Brandstore, I get to share even more of my favorite products with consumers living and visiting a city that's always held a special place in my heart.”

Sacred Mushroom Psilocybin Center Opens In Oregon

Kaya Holdings, Inc. (OTCQB:KAYS) announced on Tuesday that its licensed psilocybin treatment center in Portland, Oregon, The Sacred Mushroom, will open for business on Friday, July 5, 2024. The company said psilocybin treatments will be available immediately to eligible guests.

The Florida-based company has been awarded a license by the Oregon Health Authority to operate a Psilocybin Service Center in May.

“I am going to experience psilocybin for the first time, as the initial guest of The Sacred Mushroom," KAYS CEO Craig Frank said. "While I am curious and excited to discover new things about myself, my primary goal is to experience TSM as any guest would."

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Cannabis rescheduling seems to be right around the corner. Want to understand what this means for the future of the industry? Hear directly for top executives, investors and policymakers at the 19th Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9. Get your tickets now before prices surge by following this link.