Gov. Polis On Legal Marijuana And Psychedelics, NY's Revenue Falls Short, Weed Workers Unionize
Portfolio Pulse from Nicolás Jose Rodriguez
Colorado Governor Jared Polis expressed satisfaction with the legalization of marijuana and psychedelics, citing benefits such as job creation and tax revenue generation. New Mexico set a record with $34 million in recreational cannabis sales in July 2023. Federal, state, and local officials voted to add new marijuana items to a federal handbook to establish model standards for cannabis definitions, packaging, and labeling. New York's legal cannabis sales reached $33 million in the first six months, falling short of projections. Employees at Warwick's RISE Dispensary in Rhode Island unionized with UFCW Local 328 after Green Thumb Industries (OTC:GTBIF) took over the dispensary in 2021.

August 04, 2023 | 3:36 pm
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Employees at Warwick's RISE Dispensary in Rhode Island unionized after Green Thumb Industries (OTC:GTBIF) took over the dispensary in 2021.
The unionization of employees at a dispensary owned by Green Thumb Industries could potentially lead to increased labor costs and operational challenges for the company. This could negatively impact the company's short-term financial performance and stock price.
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