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.
Green Market Report
Oct 31, 2024 · About Us. 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. Our team is cultivating the industry’s critical news into one source and providing open source ...
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.
Report: US cannabis policy ‘prioritizes profit over public health’
Adam Jackson October 4, 2024. The rapid expansion of the cannabis industry has outpaced public health considerations, according to a federal report. A new report from the National Academies of Sciences, Engineering, and Medicine called for urgent federal action on U.S. cannabis policy, warning that state-level legalization efforts prioritize ...
Canopy Growth finalizes Wana Brands acquisition after three years
Oct 9, 2024 · Ontario-based Canopy Growth Corp. (TSX: WEED) (Nasdaq: CGC) announced Wednesday that it has, at long last, completed the acquisition of U.S. marijuana edibles company Wana Brands, nearly a full three years after the $279 million deal was first announced. “Canopy USA now owns 100% of the outstanding equity interests in Wana,” the company said in a press release, indicating its full intent ...
Massachusetts regulators fine Ascend Wellness, Curaleaf for …
Oct 10, 2024 · Massachusetts cannabis regulators issued fines on Thursday to two of the state’s biggest marijuana companies – Ascend Wellness Holdings Inc. (CSE: AAWH-U.CN) (OTCQX: AAWH) and Curaleaf Holdings Inc. (CURA:CA) (TSX: CURA) (OTCQX: CURLF) – for a total of $165,000 over allegations that both companies were negligent when it …
Report: States struggle to balance revenue, risks around cannabis …
Oct 15, 2024 · Set taxes too high, and states risk pushing consumers back to the illicit market. Too low, and they miss out on potential revenue. “Recreational marijuana taxation is one of the hottest policy issues in the U.S.,” said Adam Hoffer, co-author of the report. “Many states have elected to regulate and tax legal marijuana sales, despite the ...
Irwin Naturals files for Chapter 11 bankruptcy - Green Market Report
Aug 13, 2024 · Now, the supplements company has filed for Chapter 11 bankruptcy. Green Market Report reported in July that Irwin Naturals quit making payments on the $40 million loan provided by EWB. The bank responded by suing the company and accusing CEO Klee Irwin of self-dealing and diverting funds from the company. To prevent further diversion of money ...
Eaze fires back at Green Dragon founders in ongoing litigation
Sep 30, 2024 · The executives of California-based cannabis delivery company Eaze have shot back at the marijuana investment company headed by Andrew Levine, of Green Dragon fame, arguing in a new court filing that the family is nonsensically trying to “harm” Eaze with “frivolous litigation” that requests records to which the family already has access.