In a state once seen as America’s most promising medical marijuana market, Florida cannabis operators are now grappling with plummeting prices and slowing sales despite an aggressive push to open new dispensaries — and the scene is about to transform as regulators nearly double the number of licensed operators. Prices fell 30% in the fourth […]
Chicago-based Cresco Labs (CSE: CL) (OTCQX: CRLBF) missed sales expectations but generated its highest-ever quarterly cash flow as it tries to clamp down on costs and make its operations more efficient these days. The Sunnyside owner said Friday its third-quarter revenue ending Sept. 30 fell to $180 million from $190.6 million a year ago, below […]
This story was republished with permission from Crain’s Chicago. Cannabis stocks got crushed the day after a recreational-use referendum failed in Florida, which would have become one of the country’s largest markets for legal marijuana sales. Shares in Green Thumb Industries, generally the industry’s best-performing stock, opened at a 52-week low before recovering slightly. The stock […]
Florida cannabis businesses began shutting down this week in anticipation of Hurricane Milton, which was expected to make landfall late Wednesday on the state’s west coast. Milton’s wrath didn’t sway Florida Gov. Ron DeSantis to extend the Oct. 7 deadline to register to vote in the Nov. 5 election. In addition to casting votes for […]
