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The Rise Of The Northeastern Cannabis Market, Profitability And Inclusion At Benzinga Cannabis Capital Conference
Thursday, September 28, 2023 - 7:40pm | 921As the Northeast U.S. cannabis market takes the lead in growth potential, questions arise on how the region can transform the industry playbook. Can collaboration between legacy operators and established companies pave the way for a thriving, profitable future? At the Benzinga...
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EXCLUSIVE: The SAFER Banking Act Is A Long-Awaited First Step Towards The Economic Legitimacy Of The Cannabis Industry, Says Benzinga Cannabis Capital Conference Panelist
Wednesday, September 27, 2023 - 7:40pm | 1009“We are thrilled that the Senate Banking Committee has approved the SAFE Banking Bill,” said Boris Jordan, founder and chairman of Curaleaf Holdings, Inc. (OTCQX: CURLF), reflecting the sentiments of cannabis industry stakeholders following the historic approval of the...
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MSO Financial Health: Debt Restructuring Vs. Equity Raises – Analyst Digs Into Spreadsheets
Thursday, September 21, 2023 - 10:55am | 1158The recent equity raises by Canopy Growth (NASDAQ: CGC) and Columbia Care (OTC: CCHWF) have sparked curiosity about which multi-state operators (MSOs) may follow suit. In its latest report, Zuanic & Associates (Z&A) delves into the financial net debt metrics of 20 MSOs to identify potential...
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Sundial, Canopy Growth And More: Analyst Examines The Race For The US Cannabis Market
Sunday, September 10, 2023 - 12:48pm | 797US legal cannabis sales are predicted to exceed $28 billion in 2023, with promising regulatory developments such as the recommendation to "reschedule" cannabis by the HHS. Canada's cannabis exports have surged to C$160 million, a 50% increase year-on-year, and with new international...
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Are Regulations Killing The Cannabis Industry While Beer Gets A Pass? Experts Weigh In
Thursday, August 31, 2023 - 11:58am | 825Luke Anderson, co-founder of Cann, posed a thought-provoking question that reverberated through the halls of the recent Benzinga Cannabis Capital Conference in Miami: “Shouldn’t we just think about potency-based regulations a little bit differently?” His emphasis on the...
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This Marijuana Company Raised A $9M Series B To Expand Edibles And Beverage Brands
Thursday, July 13, 2023 - 6:36pm | 788Cannabis firm Botanica, the creator of cannabis-infused edibles, Mr. Moxey's and Journeyman, has successfully raised $9 million in Series B funding from institutional cannabis investors. KEY Investment Partners and GreenAxs Capital led the investment round, with participation from Entourage...
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Oregon Rep. Reintroduces Small Biz Bill To Amend Tax Code For Cannabis Companies
Monday, April 17, 2023 - 5:33pm | 751Oregon Congressman Earl Blumenauer is taking another shot at passing the Small Business Tax Equity Act, a bill that aims to amend an IRS code to allow state-legal cannabis businesses to take federal tax deductions. Blumenauer, a House member who founded the Congressional Cannabis Caucus,...
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Big Bucks And Buds: This State's Cannabis Industry Spent Millions On Lobbying Efforts
Monday, March 27, 2023 - 5:06pm | 464Medicinal marijuana growers and retailers in Connecticut spent a significant amount of money on lobbying in the years leading up to the legalization of the state's recreational cannabis sales. Watertown, Connecticut-based Theraplant spent over $657,000 on lobbying between 2019 and 2022...
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As Maine's Cannabis Sales Double In 2022, Some Wonder If The Market Is Becoming Overcrowded
Tuesday, January 10, 2023 - 10:40am | 649According to data recently released by Maine's Office of Cannabis Policy, recreational cannabis retailers reported nearly 2.5 million sale transactions, totaling $158.9 million. This movement nearly doubled 2021’s sales of $82 million. Last year’s sales also...
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This Cannabis Multi-State Operator Was The Only One With Solid Profits In The Last Quarter
Wednesday, December 21, 2022 - 9:05am | 568Most U.S. cannabis multistate operators reported modest to significant year-over-year revenue gains. Among the companies with the highest revenue in the third quarter were Curaleaf Holdings (OTC: CURLF) with $339 million followed by Trulieve Cannabis (OTC: TCNNF) with $300 million. In a...
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Acreage Holdings: Analyst Increases Price Target To $1.44 And Remains Neutral
Wednesday, November 9, 2022 - 4:02pm | 669Acreage Holdings, Inc. (OTCQX: ACRDF) reported its financial results on Monday for the third quarter that ended September 30, 2022 (“Q3 2022”). According to Cantor Fitzgerald’s Pablo Zuanic: “We remain Neutral but increase our 12-month price target on Acreage to $1.44 from $...