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EXCLUSIVE: Medical Marijuana Programs Often Suffer When Recreational Use Is Approved: Expert Proposes Across-The-Board Access For Both (UPDATED)
Thursday, October 10, 2024 - 12:12pm | 706Cannabis ombudsman discusses protecting medical marijuana patients during state's transition to recreational use at Benzinga's Cannabis Capital Conference. Editor’s note: This story has been updated to more accurately depict comments by Erin Gorman Kirk at the Cannabis Capital Conference....
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California's Hemp Ban 'Likely Won't Be The Last': Will It Push Consumers Back To Licensed Operators?
Thursday, October 3, 2024 - 9:20am | 478California’s recent decision to implement emergency rules severely limiting hemp products has sparked concerns throughout the cannabis industry. Governor Gavin Newsom‘s action is part of a broader regulatory trend that could shape the future of cannabis markets nationwide. As the...
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EXCLUSIVE: Cannabis Data Firm Hoodie Analytics Secures $5M Funding With Large Institutional Backers
Thursday, June 27, 2024 - 8:00am | 463Cannabis technology and market insights provider Hoodie Analytics has successfully closed a $5 million Series A funding round, Benzinga Cannabis has learned exclusively ahead of an official announcement. The funding will be instrumental in expanding its newly launched platform, which delivers...
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Cannabis Businesses Face Tax Dilemma: A Closer Look At IRS Roadblock
Monday, March 25, 2024 - 10:39am | 739The cannabis industry is currently navigating a significant financial obstacle due to the IRS’s Section 280E, a tax provision that places a heavy burden on legal cannabis operations. Matt Hawkins, founder and managing partner of Entourage Effect Capital and upcoming speaker at Benzinga...
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EXCLUSIVE: What's Next For Cannabis? Industry Experts Discuss Game-Changing New Policies
Wednesday, September 27, 2023 - 4:08pm | 806Cannabis reform has moved one step closer to reality at the federal level on Wednesday, with the Senate Banking Committee approving the Secure and Fair Enforcement Regulation (SAFER) Banking Act. "It's all about applying pressure to get things done." That's according to Emily...
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Overvalued Or Opportunity? Experts Navigate The Landscape Of Europe's Cannabis Market
Monday, July 24, 2023 - 3:50pm | 742"European cannabis companies are still overvalued," stated Emily Paxhia, co-founder and managing partner at Poseidon Investment Management. Notably, Germany did not legalize the recreational use of marijuana as anticipated, but rather scaled back its law reform plans after liaising with...
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This Marijuana Company Raised A $9M Series B To Expand Edibles And Beverage Brands
Thursday, July 13, 2023 - 6:36pm | 788Cannabis firm Botanica, the creator of cannabis-infused edibles, Mr. Moxey's and Journeyman, has successfully raised $9 million in Series B funding from institutional cannabis investors. KEY Investment Partners and GreenAxs Capital led the investment round, with participation from Entourage...
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International Cannabis Brand Cookies Closes Equity Financing At Highest Valuation In Company History
Tuesday, April 11, 2023 - 9:10am | 403Cookies closed its series A round of financing, the company’s largest equity raise at the highest valuation since it launched in 2012. Entourage Effect Capital led the round, followed by 12/12 Ventures. Matt Barron, co-founder and managing partner of 12/12 Ventures, has been appointed to the...
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Vertical Integration: Cannabis Experts Discuss Its Various Pros And Cons
Friday, July 22, 2022 - 3:21pm | 1090Vertical integration in the cannabis industry is one of the most debated topics of the day across the sector. As part of America's piecemeal approach to state-level legalization, states can choose their regulations. In most cases, vertical integration is allowed, with some states requiring...
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How Will Cannabis Legalization Factor Into An Uncertain Texas Election Cycle?
Monday, June 27, 2022 - 4:23pm | 1078Depending on how you perceive the past few months, Texas may be heading towards a minor liberal reform, or the conservatives could be doubling down on its dominance. The past few months, ranging from gun tragedies to legal decisions to special elections, highlight a busy and somewhat unclear Texas...
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Cannabis M&A Activity On Fire: But Is It What Was Expected? Experts Say, Look At Q1 Earnings
Wednesday, March 30, 2022 - 11:32am | 895Consolidation of the cannabis industry is inevitable as the market matures. Heading into 2022, numerous forecasts predicted another flurry of M&A activity after an energized 2021. With nearly three months of the year complete, opinions are split on M&A activity so far. M&A In 2022 Is On...
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These Are The Cannabis Stocks And Potential Opportunities Piquing Investor Interest In Early 2022
Thursday, January 13, 2022 - 12:18pm | 1090Cannabis experienced a bit of a setback in 2021, with sales dipping in many major U.S. markets compared to the staggering results of the year prior, setting the stage for a new year of potential opportunity and uncertainty. "This year will be a telling sign on the industry, as many are...
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TLRY vs. CRLBF: Will Tilray Or Cresco Labs Grow More By 2022?
Wednesday, September 29, 2021 - 5:01pm | 880Cannabis investment novices and aspiring market investors have quite a bit of sifting through as the myriad of potential investment opportunities continually grows. Two of the more frequently discussed cannabis stocks are Tilray Inc (NASDAQ: TLRY) and Cresco Labs Inc (OTC: CRLBF), with several...
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Low-Cost Pot Stocks To Consider, According To Entourage Effect Capital's Matt Hawkins
Monday, July 26, 2021 - 3:07pm | 705Entourage Effect Capital managing partner Matt Hawkins has been active in the cannabis space since creating his private equity firm in 2014. An investor for over 20 years, Hawkins has exposure across the country, spanning large operators, tech, science, licensing, real estate, ancillary...
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Cannabis M&A Activity At All-Time Highs With Little Signs Of Slowing Down
Wednesday, May 12, 2021 - 4:45pm | 852Cannabis industry M&A activity continues to boom in 2021. Financial tech firm Refinitiv reported a 94% surge in M&A during Q1 2020. The trends continued into May with such companies as Jushi Holdings Inc. (CSE: JUSH) (OTC: JUSHF), Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) and...