Alan Brochstein

Top Seller Of Legal Cannabis In US Reports Flat Weed Sales In June Much like in May, Michigan marijuana sales remained relatively flat in June, with a total of $278.8 million in cannabis products sold last month. In May, that figure was slightly higher at $279.6 million, while $278.5 million worth...

In the ever-evolving world of investment, cannabis exchange-traded funds (ETFs) have found themselves in a precarious position in 2023. Amid a backdrop of struggling cannabis stocks and changing market dynamics, industry experts are raising concerns about the efficacy of certain cannabis-focused...

Michigan cannabis sales climbed 9% in December as compared to November and increased 32% from a year ago to a record $221.7 million. “This was a little slower than the 33.2% annual growth in November," wrote Alan Brochstein, CFA and founder of New Cannabis Ventures and 420 Investor....

Cannabis sales decreased by 0.5% in October compared to September while, "at a per-day basis, sales decreased 3.7% month-over-month," according to New Cannabis Venture's Alan Brochstein, citing BDSA data. “In total, sales across the 11 markets totaled $1.64 billion during the...

Michigan's Cannabis Regulatory Agency (CRA) announced it recalled some products sold by a local cannabis dispensary in Flint, MI, which also received a summary suspension of its medical and recreational marijuana licenses. What Happened: Green Culture’s products were tested by the agency...

Sales growth in Canada appears to be stagnating for the cannabis sector. Statistics Canada released August retail sales for the country reporting that cannabis sales increased from July by 0.2% to CA$393.7 million ($288 million). In August, sales increased 13.0% from one year earlier, down...

In September, Michigan cannabis sales rose 2% compared to August, and increased 31.4% from a year ago to a record $212 million, wrote Alan Brochstein, CFA and founder of New Cannabis Ventures and 420 Investor. Image by New Cannabis Ventures "With medical sales falling 54.4% from a year ago to...

According to cannabis data analytics firm BDSA, marijuana sales decreased by 0.8% in August compared to July. "In this review, we will look at the markets one by one, beginning with the eastern markets and then concluding with the western markets," noted a New Cannabis Ventures'...

In September, the Global Cannabis Stock Index closed low on 9/30 and ended the month down 25.9%, wrote Alan Brochstein, CFA and founder of New Cannabis Ventures and 420 Investor. Cannabis Companies Affected According to New Cannabis Ventures, the strongest 4 names in September all fell:...

Recently, Statistics Canada released July retail cannabis sales for the country. The reports showed that marijuana sales increased from June by 4.5% to C$394.8M. "The month was longer by 3.3%. June was revised from C$377.5 million to C$377.9 million. Sales rose 17.8% from a year earlier, down...

Who are the most experienced and engaged cannabis finance reports? Let's find out. After the overwhelming success of Benzinga's 4/20 Miami event, the Benzinga Cannabis Capital Conference is returning to Chicago on September 13-14. As part of its fall event, Benzinga will celebrate the...

Over the past couple of months, the cannabis sector has faced many challenges resulting in marijuana stocks dropping. Some of the factors include a slowdown in January sales, rising interest rates, continued supply chain disruptions, delays in New Jersey launching its recreational cannabis...

Following a January dip shall we call it, Michigan's cannabis sales rebounded nicely in February, gaining in total 1.59% to $154.8 million - up 47% from a year ago.  The Michigan Marijuana Regulatory Agency reports sales by medical and adult-use, with medical...

Cannabis earnings season took off last week mostly to the delight of many marijuana-focused investors when reports from two large multi-state operators – Curaleaf (OTCQX: CURLF) and Green Thumb Industries (OTCQX: GTBIF) - provided a tad of optimism and some...

The Global Cannabis Stock Index fell for the 12th consecutive month, declining 1.1% to 28.31, reported Alan Brochstein, founder of New Cannabis Ventures and 420 Investor. The index, which was down 27% in Q4 and then fell 12.9% in January, had 38 qualifying members during...