Illinois cannabis

Following a drop in September cannabis sales numbers in Illinois, October figures totaled $142.3 million, a 4.2% increase sequentially, reported New Cannabis Ventures' Alan Brochstein. Cannabis sales for the first ten months of 2024 have reached $1.5 million, as recreational marijuana sales in...

The Illinois Supreme Court has decided that the smell of raw cannabis is enough for police to search a vehicle. The ruling, which contrasts with an earlier decision that the smell of burnt cannabis is not enough for a search, has sparked legal and public debate over how cannabis laws are applied...

Illinois hemp growers and advocates have pressed pause on a set of proposed state regulations they say threaten the survival of small and minority-owned businesses in the industry. The Illinois Department of Agriculture (IDOA) and a legislative committee announced a 45-day delay in finalizing the...

Cannabis company MariMed Inc. (NASDAQ:MRMD) released its Q3 2024 results on November 6, announcing revised guidance for the fiscal year. While the company expects an 18–20% decline in EBITDA – down from its prior projection of flat to 2% growth – it raised its sales guidance to a 6–8%...

As cannabis sales soar in states with legal markets, excise taxes have emerged as a crucial factor shaping the industry. Unlike tobacco, cannabis remains free from federal excise taxes but faces significant state-level levies. The structure and scope of these taxes vary widely, often influencing...

Canopy Growth Corporation‘s (NASDAQ:CGC) strategy for capturing the U.S. cannabis market was the focal point of a recent fireside chat hosted by Zuanic & Associates. CEO David Klein and CFO Judy Hong provided insights into Canopy USA's (CUSA) growth strategy, financial projections and its...

Gov. JB Pritzker, University of Illinois System president Tim Killeen, cannabis researchers and other government officials launched the Cannabis Research Institute (CRI) with a focus on advancing the public's understanding of the scientific and socio-economic impacts of cannabis use and production...

Cannabis giants Village Farms, Green Thumb, and Jushi Holdings show distinct strategies for navigating a challenging landscape.  In the latest cannabis market analysis from Beacon Securities, three major multi-state operators (MSOs) Village Farms, Green Thumb Industries, and Jushi Holdings...

Federal decisions on cannabis rescheduling and the SAFE Banking Act could reshape growth paths for multi-state operators (MSOs) and spark stock volatility across the industry. Meanwhile, states like Florida are considering recreational legalization, opening the door to substantial new revenue...

MariMed Inc. (OTC:MRMD), a prominent multi-state cannabis operator is doubling down on its growth strategy by launching manufacturing operations in Missouri while expanding capacity in Illinois.  With Missouri marking its sixth state of operation, MariMed aims to extend its branded product range,...

Body and Mind Inc. (CSE:BAMM), (OTC:BMMJ), a multi-state cannabis company, announced a new credit facility with Bengal Catalyst Fund, LP, securing up to $2.3 million to support its U.S. expansion efforts. The financing aims to help Body and Mind build out key dispensary projects in Illinois and New...

In Zuanic & Associates' latest equity report, senior analyst Pablo Zuanic analyzes MariMed's (OTC:MRMD) performance across its core markets, with Illinois (IL) accounting for 40-45% of the company's sales.  Despite overall market stagnation, MariMed aims to boost growth through capacity...

Cannabis Giant Curaleaf Expands Florida Footprint Cannabis retailers are ramping up their presence in Florida, a medical cannabis market that could soon transition to recreational. That is if Amendment 3 gets the green light from the voters this November. The same companies have been pouring...

The Illinois Supreme Court ruled Thursday that the smell of burnt cannabis alone does not give police officers the right to conduct a warrantless search of a vehicle. Justice P. Scott Neville Jr. delivered the unanimous opinion, citing changes in Illinois’ cannabis laws. “We hold that...

Grown Rogue International Inc. (CSE:GRIN) (OTC:GRUSF) reported its second-quarter 2024 results on Tuesday for the three-month period ended June 30, 2024. The Oregon-based company said the comparison period for 2023 is the three months ended July 31, 2023, due to the recent fiscal year-end change...