Happy Monday Cannabis Investors: A recent study by UCLA revealed 76% of primary care patients use cannabis for symptom management.

Plus, Cannabis REIT IIPR buys Florida property for $43M with reconstruction reimbursement, expands lease with Ayr Wellness.

Also, want to win $5,000? Pitch your cannabis business and win thousands in prizes at the Benzinga and Curaleaf Competition.

On The Go: Check out the newest episode of Cannabis Insider, also available on Apple and Spotify.

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TOP STORY

A Closer Look At New Jersey's Expanding Cannabis Delivery Market

Briefly: As New Jersey edges closer to expanding its cannabis delivery services to include adult-use marijuana, the market anticipates major changes.

So Basically: Only medical cannabis delivery is available, but plans are in place to broaden this to recreational users, marking a major shift in the state’s cannabis policy.

So Then: This adjustment aims to enhance accessibility for all users while ensuring safety through regulated frameworks.

So What: Amidst these regulatory advancements, Benzinga is set to host the Cannabis Market Spotlight event in New Brunswick, NJ, on June 17 where expanding delivery services in New Jersey will be a hot topic as it reflects the state's progressive stance on cannabis policy.

Get your tickets here.

PRESENTED BY CANNABIS CAPITAL CONFERENCE

Join us on October 8th and 9th in Chicago for the world's largest gathering of cannabis investors - happening just ONE month before the Presidential election.

Buy your tickets, apply to exhibit or become a sponsor here.

ZINGERS

US Olympic Basketball Team includes five-time gold medalist Diana Taurasi and her Phoenix Mercury teammate Brittney Griner.

West Meets Midwest: California Cannabis Culture Lands With Breez In Illinois Expansion

EXCLUSIVE - Canopy Growth CFO On ATM Equity Offering: 'We Have One Of The Strongest Balance Sheets In Cannabis'

DeSantis Is Less Popular Than Florida's Legal Cannabis Amendment: New Poll That Also Shows Biden Gaining On Trump

Cannabis-Psychosis Connection Weaker Than Previously Thought, Study Of 201,000 Individuals Shows

ONE MORE FOR THE ROAD

How These 2 Nasdaq-Listed Marijuana Companies Found A Way To Raise $250M Without Tanking Their Stock

Briefly: 2 Canadian giants Canopy Growth and Tilray both recently filed $250M At-The-Market (ATM) equity issuance programs.

What Is It: ATMs allow companies to sell shares incrementally at current market prices, offering flexibility and potentially less pressure on stock prices than traditional equity issues.

How It Works: This is possible because ATM programs enable companies to sell shares directly into the market over time rather than all at once, aligning with market demand and conditions.

What Happened: Canopy’s stock fell 8.45% following the ATM announcement, but, according to experts, the decline would likely have been steeper with a regular $250M equity issue.

Click here to read more.

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