New Cannabis Ventures

Michigan's cannabis sales rose 6.1% in July from June to a record $276.7 million. On a per-day basis, sales grew 2.7%, reported New Cannabis Ventures (NCV) Friday afternoon. Citing the Michigan Cannabis Regulatory Agency (CRA), which breaks out sales separately by medical and adult...

Michigan's February medical marijuana sales dropped 61.5% year-over-year to $10.0 million, while adult-use sales improved 60.1% to $206.4 million. The data from the Michigan Marijuana Regulatory agency revealed that combined sales improved 4.4% sequentially, while on a per-day basis, they grew...

Halloween is prime spooky season, but for most investors, all of 2022 has been quite scary. Stocks across the board have taken substantial hits this year, with cannabis particularly affected. Cannabis' surging pandemic performances have been dashed mostly. Now, Fed uncertainty looms while...

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...

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'...

Statistics Canada released May retail sales for Canada, with cannabis sales increasing from April by 0.7% to CA$375.8 million ($290 million), as reported New Cannabis Ventures. "The sales were up 20.1% from a year ago, down from the 26.1% April growth rate and near the lowest...

Cannabis sales in Canada seem to be recovering after another month of improvement. New data from Statistics Canada revealed that cannabis sales in April improved 25.8% year-over-year reaching CA$ 372.4 million ($286.5 million), reports New Cannabis Ventures. Sales growth, according...

Cannabis sales across 11 states brought in $1.68 billion in April, according to BDSA data, as reported by New Cannabis Ventures.  When compared a year ago, sales declined in 7 states mostly because of a drop in concentrates sales, although in general, states' sales improved...

As another earnings season draws to a close, investors in cannabis stocks have gone through some trying times. Many companies within the space reported a sequential drop in revenue for the first quarter of fiscal 2022, including Charlotte's Web Holdings (TSX:CWEB) (OTCQX: CWBHF...

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...

After a sharp drop in January, when adult-use sales fell 15% sequentially as they rose 32% from the prior year, Illinois adult-use cannabis sales stabilized in February. Sales of $114 million fell 3% from January, but there were three fewer days during the month. Compared to a year...

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...

Earlier this month, Aurora Cannabis (NASDAQ: ABC) reported its second-quarter financial results, revealing a 10% decline in total net revenue, which totaled slightly over $60 million, and a $75.1 million loss. The company’s CEO Miguel Martin touted a sequential improvement of $2.5 million in...

After a rough start in 2022, cannabis stocks seem to have bounced back quickly to become the best performers year-to-date, outpacing the broader stock market or other high-risk sectors. During the first four weeks of 2022, cannabis stocks declined 18.4% in the New Cannabis Ventures Global...

The Pennsylvania Department of Health emailed medical marijuana patients on Friday telling them about a mandatory recall of hundreds of different vape products, reported New Cannabis Ventures. The agency listed all the additives not authorized by the FDA, and also an 18-page...