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Illinois' Cannabis Sales Surpass $1B By July, Setting New Record
Friday, July 12, 2024 - 10:10am | 656Illinois’ retail cannabis market reached a major milestone earlier than anticipated, with sales surpassing $1 billion by July, as announced by Governor JB Pritzker‘s office. This early achievement includes over $850 million in adult-use cannabis sales and nearly $150 million in medical...
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Green Thumb's Edge Over S&P 500 & ETFs: Cannabis Investor Confidence Propels Expansion Into Key States
Thursday, March 14, 2024 - 11:59am | 783Green Thumb Industries Inc. (OTC: GTBIF) is ramping up investments across Minnesota, Ohio, Virginia, Florida and Pennsylvania to gear up for recreational marijuana legalization. It is also expanding its wholesale market share in Illinois, Maryland and Pennsylvania. Financial Health And...
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Green Thumb Industries' $278M Profits, Margin And Strategic Insights Explained For Everyday Investors
Wednesday, February 28, 2024 - 7:09pm | 842Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF) reported its earnings late Wednesday, revealing significant financial achievements for the fourth quarter and full year ended December 31, 2023, including increased profits, enhanced margins and an adjusted EBITDA of $326 million. Key...
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Green Thumb Industries Reports Q3 2023 Revenue Growth And 'Strong Profitability'
Wednesday, November 8, 2023 - 9:54pm | 484Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of RISE Dispensaries, announced its Q3 2023 financial results, which ended September 30, 2023. Report Highlights Net Loss: In the third quarter of 2023, Green...
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Maryland's Tiny Libraries Trick, Nevada Cannabis Licensees, Missouri Supports Military Vets & More
Friday, November 3, 2023 - 10:17am | 603Missouri Cannabis Recall Resolved; $13M To Veterans & Public Services The Missouri Division of Cannabis Regulation removed a recall on 15,000 products due to non-compliance with the METRC tracking system. Some products now meet standards with THC from Missouri's regulated market....
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High Capex, High Rewards: Analyst Looks At Cannabis MSOs' Strategies
Wednesday, October 18, 2023 - 3:16pm | 1244As interest rates climb and regulatory uncertainties loom, decisions on capital expenditures (capex) by cannabis MSOs (Multi-State Operators) become paramount for their future success. Are some MSOs missing out on significant growth opportunities? In his latest analysis, Pablo Zuanic, managing...
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35,000 Share Divorce Deal & Legal Hurdles: Is Green Thumb Cannabis' Stock In Question?
Wednesday, October 4, 2023 - 10:47pm | 437Legal Fees Denied in Edible Arrangements Name Dispute Green Thumb Industries (OTC: GTBIF) faces financial turbulence as it battles for the name "Incredibles." Edible Arrangements, known for its fruit baskets, expanded into edible CBD products under "Incredible Edibles," reported...
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Weed Stocks Skyrocket, Could There Be More Upside? Analyst Draws Scenarios
Friday, September 1, 2023 - 3:49pm | 961The Department of Health and Human Services (HHS) suggested the DEA reclassify cannabis as a Schedule III controlled substance under federal law. Assistant Secretary for Health Rachel Levine's letter triggered a much-needed rally in cannabis stocks. In a recent analyst note, a...
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Gov. Polis On Legal Marijuana And Psychedelics, NY's Revenue Falls Short, Weed Workers Unionize
Friday, August 4, 2023 - 10:20am | 608Colorado Governor Jared Polis (D) expressed his satisfaction with the decision to legalize marijuana and psychedelics, citing benefits such as putting dealers out of business, creating jobs, generating tax revenue and providing a safer product. The governor has also taken steps to allow mass...
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Enjoy Summer Solstice With The Hottest New Cannabis Products: Premium Flower Strains, Infused Gummies, And Pre-Rolls
Friday, June 23, 2023 - 2:50pm | 888Discover the latest cannabis products in this exclusive round-up from Benzinga. We've curated a diverse selection of new launches by cannabis operators, catering to both connoisseurs and casual enthusiasts. New Flowers' Strains By Canopy Growth Canopy Growth Corporation (TSX: WEED) (NASDAQ...
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Green Thumb Industries Reports Q1 2023 Financials: Revenue Up 2% YoY To $249M, Adjusted EBITDA?
Wednesday, May 3, 2023 - 6:56pm | 518Green Thumb Industries Inc. (OTCQX: GTBIF) reported its financial results for the first quarter that ended March 31, 2023. “Green Thumb’s momentum continues to build in 2023, and I am incredibly proud of our team for their unwavering commitment to creating high-quality products and...
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PharmaCann's Verilife Cannabis Workers Secure Wage Hike, Benefits After Joining Union
Tuesday, May 2, 2023 - 4:17pm | 384Over 100 workers at five Verilife cannabis stores in Illinois have joined unions, with Teamsters Local 777 reaching a tentative agreement that includes a 20% wage increase, additional full-time positions, guaranteed gratuities and employer-funded retirement contributions. Verilife is a...
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EXCLUSIVE: Cannabis Industry Experts Share Insights On Building Customer Loyalty - 'It's All About Education'
Tuesday, April 11, 2023 - 5:37pm | 588A panel of experts discussed how cannabis companies are targeting retail customers, at the Benzinga Cannabis Capital Conference in Miami Beach on Tuesday. The panel shared tips and tricks on what businesses should be doing to engage and keep their customers coming back for more. Frictionless...
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Second Round: New York MSO Coalition Targets Gov. Kathy Hochul Over Lax Cannabis Enforcement
Friday, March 31, 2023 - 4:18pm | 475The Coalition for Access to Regulated and Safe Cannabis (CARSC) recently sued New York's Office of Cannabis Management (OCM) for allegedly violating the Marijuana Regulation and Tax Act (MRTA). The Claim Continues… In response to recent events, the New York MSO Coalition released a...
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GOP Senator Urges Bankers At ABA Summit To Mobilize Lobbyists And Support Cannabis Banking
Tuesday, March 21, 2023 - 2:22pm | 650During the American Bankers Association (ABA) Washington Summit, a co-sponsor of the Secure and Fair Enforcement (SAFE) Banking Act and member of the Senate Banking Committee urged bankers to organize a group of lobbyists to help promote the passage of the marijuana banking bill in the current...