Tag: CBT > Business Issues/ Benchmarks > Finance: Page 19

Finance

Oregon 2022 Adult-Use Sales Down 14.4% From Last Year

Despite the year-over-year trend, licensed adult-use cannabis retailers recorded $83.7 million in April, their largest grossing month since October.

May 4, 2022

Finance

Illinois Adult-Use Cannabis Sales Up 14.6% From Last April

Day-tripper purchases continued to play a key role in the nation’s third-largest adult retail market, which recorded $131.8 million in sales last month.

May 4, 2022

Finance

Glass House Brands Completes Acquisition of PLUS, a Leading California Edibles Brand

The acquisition establishes Glass House as the only company with a top 5 position in both the flower and edibles categories in California, according to BDS Analytics.

May 4, 2022

Finance

Major Canadian Retail Business Exercises Warrant on Fire & Flower Shares to Draw 35% Ownership Stake

Couche-Tard, the owner of Circle K convenience stores, delivered $38 million to Fire & Flower via this transaction.

May 2, 2022

Finance

Fluresh Lands $25-Million Note From Federally Regulated Bank

The hefty loan signals another degree of normalization for an industry poised on the edge of impending bank reform.

April 29, 2022

Banking Bill Cannabis Industry

Bankers Associations From All 50 States Urge Senate Leadership to Pass SAFE Banking Act

Members of the American Bankers Association and state bankers associations sent a letter to lawmakers April 28, asking them to include the SAFE Banking Act in the America COMPETES Act.

April 29, 2022

Cannabis Sales Trends

New Jersey Reveals Sales Figures for First Day of Adult-Use Cannabis

More than 12,400 customers spent roughly $150 per transaction when 12 state retail locations opened up for adult business last week.

April 28, 2022

Investors in the Cannabis Market

Debt Markets and Cannabis Firms Find Each Other

Amid sagging equity valuations, growers find a ready funding source in private-placement bonds.

April 28, 2022

Finance

Canopy Growth Announces Cost-Cutting Initiatives, Layoffs

The Canadian cannabis producer plans to cut 250 jobs as it further streamlines the organization in its quest to achieve profitability.

April 27, 2022

Maine

Maine Governor Signs Legislation to Reimburse Cannabis Municipalities $20K

The money is to help cover expenses associated with opting into the state’s adult-use cannabis program.

April 26, 2022

Finance

Cannabis Excise Tax Revenue Outpacing Alcohol in 7 States

And yet tobacco remains the leader of the sin tax pack in the U.S.

April 26, 2022

Finance

Michigan Dispensaries Break 4/20 Sales Records

Michiganders celebrated the holiday by purchasing more than 2.3 tons of flower and 140,000 vape cartridges, spending over $15.5 million.

April 25, 2022