Cannabis-infused drinks might be a small product category right now, but it’s forecast to become a multibillion dollar market in just a few years. However, it isn’t regulated cannabis THC drinks sold at dispensaries driving the growth; it’s hemp-derived THC drinks. According to Future Market Insights, the cannabis drinks market is estimated to reach $8.3 […]
The California cannabis industry is increasingly underwater with its tax bills to the state, and it appears that the primary tax authority wants to ensure more effective collections. According to the California Department of Tax and Fee Administration, the state industry’s total outstanding tax tab neared $1.3 billion as of Oct. 31. The figure represents […]
Green Wednesday and its expected sales spike is just a week away. However, data suggests the cannabis industry’s Black Friday equivalent may be more about timing shifts than actual sales growth, with deeper discounts eating into profits. Sales data suggests consumers are simply shifting their regular weekend purchases to earlier in the holiday week rather […]
Cannabis stocks popped briefly on Thursday morning before taking a nosedive after President-elect Donald Trump’s pick for attorney general, former U.S. Rep. Matt Gaetz, announced his withdrawal from consideration for the job. The AdvisorShares Pure US Cannabis ETF (MSOS) – one of the touchstones of marijuana stock trading – opened at $4.74 per share this […]
The bankrupt single-state operator California-based StateHouse Holdings (CSE: STHZ) (OTCQB: STHZF) is formally on the auction block, with its primary creditor reportedly hoping to fetch north of $100 million for the entire company. StateHouse’s assets were advertised for sale by GreenLife Business Group beginning on Nov. 12, CEO Drew Mathews told Green Market Report, and […]
A $40 tourist medical card and easy access to beachfront dispensaries – that’s the new reality for the U.S. Virgin Islands after it began licensing its adult-use market this week. USVI joined other U.S. territories in positioning to capitalize on the visitor traffic that already comes to their shores. The push comes as Caribbean tourism […]
Cannabis distributor Nabis is looking to apply the lessons and strategy that brought it success in its home state of California to a new market: New York. The Oakland-based operator announced its entrance into the Empire State earlier this month, after expanding into Nevada earlier this year. Nabis CEO Vince Ning sat down with Green […]
44.6% – Percentage of pre-rolls sold that were purchased by millennials The popularity of cannabis pre-rolls has been growing, and that trajectory is primarily being driven by one demographic cohort: millennials. As of September, millennials were responsible for nearly half (44.6%) of all pre-roll purchases. Gen X was a distant second, accounting for about 24.3% […]
Donald Trump’s forthcoming return to the White House and his nomination of pro-legalization (but not pro-Florida legalization) Matt Gaetz for attorney general adds a new dimension to the cannabis sector’s outlook. But stock performance remains tightly linked to state markets, said Pablo Zuanic, managing director at Zuanic & Associates, in recent research reports. “With DJT2, we […]
Cannabis real estate lenders are taking markedly different approaches to troubled credit and market headwinds lately, with some aggressively restructuring loans while others maintain a wait-and-see approach, according to earnings calls over the past week. While broader real estate stocks rallied on the Federal Reserve’s latest rate cut, with the Real Estate Select Sector SPDR […]
