Cannabis stock reaction to rescheduling delay ‘overblown’
WEBSep 6, 2024 · The recent news that the Drug Enforcement Administration scheduled an administrative hearing for Dec. 2 to “consider differing expert opinions regarding rescheduling of cannabis to schedule III” put many cannabis companies on edge. “The cannabis equity market lurched violently downward on the news as it clearly pushed the issuance of final rulemaking to after the election and probably ...
Green Market Report
WEBSep 30, 2024 · 54.7% – Percentage of adult-use licenses awarded to social and economic equity applicants in New York When New York legislators passed the bill to create an adult-use cannabis market, a key provision of the law was to incentivize participation by people who qualified as social and economic equity (SEE) applicants, with a goal of half […]
UFCW says membership growing in states with organized …
WEBJohn Schroyer September 3, 2024. Megan Caravalho, the national campaign coordinator for the UFCW’s cannabis program, spoke in advance of Labor Day about the union's cannabis focus. As the U.S. cannabis industry has grown, so has the industry’s participation in organized labor unions, a development worth noting in wake of the Labor Day weekend.
New Federal Legalization Bill Gives Industry Possible Rallying Point
WEBDec 11, 2023 · The national U.S. marijuana industry might have a viable path to a federally approved coast-to-coast market, complete with interstate commerce, if a bipartisan bill introduced late last week in the House of Representatives gains traction in Congress.. The measure is an updated, expanded version of the longstanding Strengthening the Tenth Amendment Through Entrusting States (STATES) Act ...
Despite governor’s report, most Illinois social equity businesses …
WEBAug 22, 2024 · The breakdown of operational social equity businesses includes: There’s a total of 221 marijuana dispensaries open in Illinois as of July 26, including 55 medical and the 111 social equity shops, the IDFPR reported. There are 21 operational cultivation centers and six licensed testing labs, according to the Department of Agriculture.
The Cannabist Co. sets sights on Delaware, New Jersey & Ohio, as …
WEBAug 14, 2024 · The Virginia license sale, he shared, will bring in $105 million to further bolster The Cannabist’s balance sheet, while still giving the company the option to develop that market with its remaining permit. “We expect both the Arizona and Virginia transactions to close in the coming weeks,” Hart said. Hart and President Jesse Channon also ...
The Top Ten Largest Cannabis Companies For 2021 - Green …
WEBDec 15, 2021 · The Top Ten Largest Cannabis Companies For 2021. Debra Borchardt December 15, 2021 12. These are the ten largest cannabis companies based on revenue for the last nine months of 2021. It doesn’t include proforma numbers or planned acquisitions as no ever planned deal is a closed deal. The Scotts Miracle-Gro (NYSE SMG) is in the lead based on ...
The Cannabis Industry’s Top 12 U.S. Multi-State Operators
WEBMar 20, 2019 · Multi-State Operators Enjoy Significant Cannabis Market Advantages Multi-state operators are cannabis companies that span across multiple legal cannabis states. They have many significant advantages over single-state operators within the cannabis industry. Multi-state operators own cultivation facilities, extraction/processing facilities, and cannabis retail venues in some of the most highly ...
Theory Wellness to Become Largest Employee-Owned Cannabis …
WEBDec 21, 2023 · Massachusetts-based Theory Wellness is becoming the largest employee-owned cannabis company and the timing with the holidays is a bonus. In addition to bringing the employees on as owners, the restructuring will put “millions” back into the company each year – a benefit for both the organization and its new employee owners – by bypassing the onerous 280E tax provision, according to one ...
Arizona’s cannabis market losing sales buzz - Green Market Report
WEBAug 22, 2024 · This represents a significant year-over-year sales decline of 14.5% as of July 2024.”. Indeed, Arizona recorded sales of $87 million in adult-use cannabis in February and March, but June only brought in $71 million. Medical marijuana sales topped out at $23 million at the beginning of the year and then slipped to just $18 million in June.