“We’ve accepted mommy-wine culture; why can’t we do the same with cannabis?” says Rosie Mattio, the woman behind North America's largest cannabis PR firm.
DEA judge orders agency to respond to allegations of opposing marijuana rescheduling and improper communication with opponents. Cannabis stocks declined in 2024 due to concerns about DEA review.
New Lake Capital Partners (OTC:NLCP), a real estate company focused on cannabis properties, offers an attractive investment with a 9.1% dividend yield, well above the return on 10-year government bonds.
Ascend Wellness reported Q3 revenue amounted to $141.6 million, up 0.3% year-over-year and 0.1% quarter-over-quarter. Q3 net loss was $28.3 million, compared to a net loss of $11.2 million in the third quarter of 2023 and $21.8 million in the prior period. It also initiated cost-saving measures to reduce expenditures by $30 million in 2025.
Ascend Wellness announced on Thursday the launch of its new edibles-only brand, Effin'. Effin' products are formulated combinations of THC and minor cannabinoids like THCV, CBN, CBG, and CBD.Effin' initially debuted in Massachusetts and Illinois in early October, with a New Jersey launch planned for the end of the month.
That said, Green Market Report's Debra Borchardt took a closer look at how she called it "a tsunami of debt headed straight for the cannabis industry," or approximately $1.83 billion of the debt that's due by 2026 that many public marijuana operators opted for earlier as they lacked much-needed capital.Curaleaf Holdings, Inc. (OTC: CURLF), Cresco Labs (OTC: CRLBF), Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) and Verano Holdings (OTCQX: VRNOF) are about to face substantial debt maturities in 2026. Ascend Wellness, Green Thumb and Terrascend dealt with thier respective debts, at least for now.
AFC Gamma will report earnings for the quarter ended Sept. 30, 2024 on Wednesday, Nov. 13, 2024.The company will host a conference call to discuss its quarterly financial results at 10:00 am Eastern Time, the same day.Ascend Wellness will hold a conference call on Nov. 12, at 8:30 am ET following the release of its third quarter 2024 financial results.
Teamsters add 50,000 members, with significant growth coming from cannabis industry organizing efforts. The union now represents workers across the cannabis supply chain.
Total cannabis sales in Michigan hit $295.4 million in August, up from a record-breaking July that saw $276 million in total marijuana sales. The sum includes over $294.1 million in recreational sales and nearly $1.3 million in medical cannabis sales, reported Cannabis Business Times citing new data released Sept. 11 by the state's Cannabis Regulatory Agency (CRA).Moreover, that's up by $6.6 million to a March sales record, which was also a month with five Fridays and five Saturdays.
Maryland transitioned to an adult-use cannabis market a little over a year ago. Led by the state's Cannabis Administration Director, Will Tilburg, the transition resulted in the state's legal cannabis sales surpassing $1.1 billion in the first year following legalization. In August, Maryland Matters reported that Tilburg, who has spent six years working on the state's cannabis policy, announced his decision to step down from his current role on Dec.4, 2024.
Debt issuance for the U.S. Cultivation & Retail sector in H2:24 is already ahead of any period since H2:22. With the additional financing expected for the remainder of the year, issuance should top all periods except the second half of 2021 and the first half of 2022.
