Green Market Report
WEBSep 9, 2024 · The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry.
CNBC’s Tim Seymour takes ‘glass half full’ view of second quarter ...
WEBAug 14, 2024 · Seymour pointed to Glass House Brands as a potential California cannabis winner. As another cannabis earnings season winds down, Green Market Report ‘s Executive Editor Debra Borchardt spoke with CNBC market strategist Tim Seymour, who is also the founder, chief investment officer of Seymour Asset Management and is portfolio manager of the ...
Acreage’s year-to-date losses top $57 million after second quarter
WEBAug 14, 2024 · The company said its acquisition by Canopy Growth USA is expected to close in the first half of 2025. New York-based Acreage Holdings Inc. (CSE: ACRG.A.U, ACRG.B.U) (OTCQX: ACRHF, ACRDF) on Wednesday reported a net loss of $24.1 million for the second quarter this year, bringing its losses for the calendar year so far to …
Michigan's Canapa Valley Farms Closes on $17 Million Deal With …
WEB3 days ago · The award-winning breeder joined forces with Canapa Valley Farms for its hands-on approach to quality craft cannabis. Pelorus closed the loan on Oct. 27 and issued a $17,330,000 five-year term loan with a floating interest rate of one month secured overnight financing rate plus 12.5%, with a 2.5% SOFR floor. …
DEA acknowledges new standard for designating medical value of …
WEB4 days ago · In a move that could have ramifications both for marijuana rescheduling and psychedelics in the future, the U.S. Drug Enforcement Administration this week apparently acknowledged that the five-factor test it had used for years to determine whether a given drug had any accepted medical value is now outdated and …
US cannabis sales jump in July for most states - Green Market Report
WEBAug 20, 2024 · On a positive note, New York is on track to surpass New Mexico for sales this year, which reported total sales of $50 million for July, of which $38 million was adult-use cannabis. Colorado was the sole state to see its July adult-use sales slip below June. According to Headset, the state is estimated to have $99 million in sales for July.
Report: Investors losing confidence in cannabis for variety of reasons
WEB6 days ago · It’s no secret that finding investor capital in the cannabis business has been a tough game for upwards of two-plus years now, and a new report has found that investor confidence has continued to wane through 2024.. A survey released last week by ATB Capital Markets found a “softening sentiment” among investors in both the United States and Canada with regard to the legal marijuana trade ...
Minnesota social equity lottery set with more than 1,800 …
WEBAug 19, 2024 · With 1,817 pre-applicants now fully greenlit to enter the social equity license lottery this fall, Minnesota has moved another step closer towards its full-fledged adult-use marijuana market, having culled the initial pool of more than 3,000.. The group of would-be cannabis business owners also includes hundreds of out-of-state players, The Minnesota Star-Tribune reported, with 56% of the ...
The DEA marijuana rescheduling comment period is over. What's …
WEBJul 22, 2024 · Monday marks the last date on which the U.S. Drug Enforcement Administration was accepting comments from members of the public on a marijuana rescheduling proposal, which would move cannabis to Schedule III from Schedule I, and as of mid-day, the agency had already received just under 37,000 submissions from interested parties.. But what exactly happens next in the process is about as clear as ...
Sunburn Cannabis rises to the top of Florida’s medical sales …
WEBJul 19, 2024 · A rising star. Founder and CEO Brady Cobb previously sold Florida-based Bluma Wellness to Cresco Labs for $213 million, but he didn’t stay out of the market for long. In 2022, he purchased 11 distressed dispensaries and a large grow facility from MedMen for $63 million. On top of the stellar per-store …