Trulieve Cannabis’ quarterly loss narrows on demand boost Image Cannabis News May 9, 2024 Pot firm Trulieve Cannabis posted a narrower first-quarter loss on Thursday, driven by higher sales and robust demand. The Florida-based company’s net loss attributable to shareholders narrowed to $23.1 million in the quarter that ended MarchContinue Reading
Michigan Marijuana firm secures $16M investment for new grow facility Image Cannabis News May 9, 2024 C3 is projected to turn $250 million in revenue this year with a strong profit margin. Ann Arbor, Michigan-based cannabis operator C3 Industries closed Wednesday on a $16 million investment to construct a newContinue Reading
What Marijuana Reclassification means for the US Cannabis Industry Image Cannabis News May 9, 2024 Two of the largest cannabis companies, Curaleaf and Trulieve, will likely weigh in further on marijuana reclassification when they report earnings Thursday. The Drug Enforcement Administration (DEA) is gearing up to reclassify marijuana in theContinue Reading
Cheech & Chong’s Cannabis Company Makes Triumphant Return to Arizona Image Cannabis News May 9, 2024 Homecoming High: Cheech & Chong’s Cannabis Co. Reconnects with Arizona. Cheech & Chong, beloved icons in the cannabis world, proudly announce the return of Cheech and Chong’s Cannabis Company products to Arizona. In partnershipContinue Reading
As the US moves to Reclassify Marijuana as a less dangerous drug, could more states legalize it? Image Cannabis News May 9, 2024 A federal proposal to reclassify marijuana as a less dangerous drug has raised the hopes of some pot backers that more states will embrace cannabis. As theContinue Reading
States have carried out “great experiments” with marijuana legalization that have given Americans “more freedoms,” including in conservative jurisdictions, Senate Majority Leader Chuck Schumer (D-NY) says. As Schumer continues to push for cannabis banking legislation and a legalization bill he recently unveiled, the senator was asked on Wednesday whether there’sContinue Reading
The governor of Wisconsin says he’s “hopeful” that the November election will lead to Democratic control of the legislature, which will position the state to finally legalize marijuana. At a stop on his “Pothole Patrol” tour on Tuesday, Gov. Tony Evers (D) was asked about the recent vote to legalizeContinue Reading
NH & PA legalization; VT safe consumption site bill to gov; Illicit marijuana seizures decline; State cannabis revenue rises Subscribe to receive Marijuana Moment’s newsletter in your inbox every weekday morning. It’s the best way to make sure you know which cannabis stories are shaping the day. (function() { window.mc4wp =Continue Reading
