The attractiveness of the intoxicating hemp market is becoming harder for regulated cannabis companies to ignore. Fewer regulations and less oversight make the profits better and easier than grinding it out in the restrictive cannabis industry. Organigram Holdings (Nasdaq: OGI) is one of the latest big-name companies to focus on building up its arsenal of […]
The city of Pontiac, Michigan began accepting recreational marijuana business applications last week, but the timing couldn’t be more challenging for prospective operators. The Pontiac City Clerk’s office opened its 21-day application window on Dec. 2 for up to 17 retail licenses just as the latest Michigan cannabis flower prices hit new bottoms. The application […]
The cannabis industry’s pre-Thanksgiving shopping spree hit record levels this year, though consumer reaction varied by state. Called Green Wednesday by the industry, dispensaries typically see a surge in sales ahead of what can sometimes be a tense family holiday. This year was no different. Total sales soared 68% versus typical Wednesdays, according to cannabis […]
A trio of Black cannabis entrepreneurs and social equity advocates warned newcomers to the marijuana trade during a Wednesday panel at MJBizCon in Las Vegas that the capital fundraising landscape is a harsh one, and that many in such scenarios wind up relying on money from friends and family or potentially predatory venture capital investors. […]
A swath of cannabis financial gurus who spoke at the MJBizCon Finance Forum in Las Vegas on Tuesday morning shared a wide array of tips, thoughts and insights that essentially boiled down to one major theme: Ongoing uncertainty for everyone in the cannabis trade, particularly with the newly-elected Donald Trump poised to retake the White […]
Despite the headaches that many in the cannabis industry have endured, wholesale platform company LeafLink mined its data to determine that by 2030, the U.S. cannabis market is projected to reach around $55 billion. That would put the growth at an annual rate of 11%. The company released a new report titled, “Insights into The […]
$19.2 million is the total of retail sales for Green Wednesday according to Jane Technologies. Total sales were 101% higher than the average of the previous three Wednesdays. The average cart size of ~$90 was ~10% higher than the average from the previous three Wednesdays. The top five states were Illinois, Pennsylvania, Ohio, Maryland and […]
Even though a measure to legalize adult-use cannabis in Florida failed, Planet 13 Holdings (CSE: PLTH) (OTCQX: PLNH) is pushing ahead with expansion plans states. And the competition is expected to heat up after state regulators continue to fill the licensing pool. The Florida Department of Health issued intent-to-approve letters to 22 new medical marijuana […]
The Drug Enforcement Administration on Tuesday announced it still intends to hold a hearing next week regarding the proposed rescheduling of marijuana, despite plans to not hear any actual testimony or substantive discussion on the historic policy change. The hearing, slated to begin on Dec. 2 at 9:30 a.m. Eastern Time at DEA headquarters in […]
Capital raises this year may have improved over 2023, but according to Viridian Capital Advisors it’s still the second-worst capital raise year since 2018. Year-to-date capital raises for plant-touching companies are up 141% to $972 million versus just $403 million for the same period in 2023. But when you drill down into the numbers, the […]
