Green Market Report
Oct 10, 2024 · Monko is a lifestyle cannabis dispensary in Washington D.C. Owner and Chief Executive Officer Terrence White told Green Market Report about his transition from an I-71 store to a licensed medical operator, which is expected to be effective within the next 30 days. White was once incarcerated but now he is giving back to his […]
Report: Four cannabis edibles brands 'dominating' nationally with …
Sep 9, 2024 · Out of the myriad of marijuana edible brands available across the United States, four of them have risen to the top and control about 18% of the national cannabis edibles market, according to a report from New Frontier Data.. The report found that for the week of Aug. 25, Oregon-based Wyld, Illinois-based Incredibles, Colorado-based Wana Brands and California-based Kiva-Camino are – in that ...
Top House Democrats call on DEA for 'swift action' on cannabis …
Oct 2, 2024 · In a letter this week to the U.S. attorney general and the head of the Drug Enforcement Administration, two of the top-ranking Democrats in the U.S. House of Representatives urged the Department of Justice to move at top speed in its current effort to reclassify marijuana as a less-dangerous drug. U.S. Reps. Frank Pallone Jr. and Jerrold Nadler ...
Benzinga cannabis conference fueled by optimism, rooted in reality
Oct 11, 2024 · Beau Whitney of Whitney Economics stated in his presentation that the investment forecast potential for the U.S. cannabis industry in 2025 was $16.8 billion (in the mid-point estimate). He believed this number could grow to $48 billion in 2030 and $78 billion in 2035. He also noted that these investment opportunities could shift over time.
MedMen creditors likely out millions, trustee and receiver …
Jun 24, 2024 · When MedMen Enterprises went belly-up in April, it left behind more than $560 million in debts and a shell of a company that had just $1 in immediate value, according to court documents and reports from financial experts working to liquidate the company’s assets.. Richard Ormond, the U.S.-based receiver named to sell off what was left of MedMen – including 72 subsidiary companies and 43 ...
Notables in Cannabis Archives - Green Market Report
Oct 4, 2024 · Notables in Cannabis. Jason Wild Executive chairman, TerrAscend Under Jason Wild’s stewardship, TerrAscend reported a full-year revenue of $247.8 million for 2022. Jason concluded that high-interest rates (related to debt) and punitive tax rates can’t coexist if the company wanted to be cash flow positive, so they worked on lowering the ...
Harris endorses federal marijuana legalization
Sep 30, 2024 · Harris sponsored the MORE Act to federally legalize marijuana while she was serving in the U.S. Senate in 2019, prior to her stint as vice president. But she’s also on record standing against the 2010 ballot measure in California to legalize marijuana while she was running to be state attorney general. In addition, Harris developed a ...
Cannabis, psychedelics on the ballot in seven states
Oct 7, 2024 · Measure 5 would legalize recreational marijuana in North Dakota. Voters rejected similar measures at the ballot box in 2018 and 2022, but the state did adopt medical cannabis in 2016. If approved, the state would be required to issue industry regulations by October of next year for up to seven grow operations and 18 recreational retailers.
CNBC’s Tim Seymour takes ‘glass half full’ view of second quarter ...
Aug 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 ...
Green Thumb nabs ‘first-of-its-kind’ $150 million credit facility
Sep 12, 2024 · Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF) said it has closed on a $150 million syndicated credit facility, according to a news release Thursday. The five-year facility, led by Valley National Bank, carries an interest rate of Secured Overnight Financing Rate (SOFR) plus 5%. In other words, the interest rate will fluctuate with a ...