Tag: CBT > Business Issues/ Benchmarks > Finance: Page 22

Legislation and Regulation

Michigan’s Cannabis Opt-Ins to Receive $42.2 Million

Local municipalities and counties participating in the state’s adult-use cannabis program will split the money from an annual revenue fund.

March 25, 2022

Finance

Investors Sue Parallel for Alleged Securities Fraud Scheme

A trio of investors filed a lawsuit in Florida federal court earlier this month against the company and its former CEO, William “Beau” Wrigley Jr.

March 24, 2022

Finance

Pennsylvania’s Falling Wholesale Cannabis Prices Not Reflected at Dispensaries

The state’s medical cannabis program director calls out retailers for not passing wholesale savings on to customers.

March 24, 2022

Finance

Cresco Labs Announces Fourth Quarter, Full Year 2021 Results

The company reports 73% year-over-year revenue growth and 219% adjusted EBITDA growth in 2021.

March 23, 2022

Finance

Cresco Labs Targets $2B Acquisition of Columbia Care

Expected to close in the fourth quarter of 2022, the deal would be one of the largest in the U.S. cannabis industry.

March 23, 2022

Finance

Cronos Group Founder Mike Gorenstein Returns as CEO

The executive shuffle comes as Kurt Schmidt, former president and CEO, retires.

March 21, 2022

Michigan

Michigan Cannabis Flower Price Dips $171 Per Ounce in One Year

While overall sales are up, the state’s falling retail prices could continue, all while a 350,000-square-foot indoor grow facility progresses.

March 21, 2022

Legislation and Regulation

Washington Dispensary Worker Fatally Shot During Robbery

The shooting in Tacoma is the latest in a string of violent robberies in western Washington, highlighting a lack of banking reform in the industry.

March 21, 2022

Legislation and Regulation

Does Oklahoma Have the Answer to Cannabis Banking?

House lawmakers passed a bill that would utilize virtual currency as a means to provide the state’s medical cannabis industry safe and legal banking.

March 16, 2022

Finance

TerrAscend Exec: ‘We Want to Add One to Two Additional States Over the Next Six to 12 Months’

After closing its $545-million acquisition of Gage Growth Corp. this week, TerrAscend is keeping its collective eye on the horizon.

March 15, 2022

Interviews & Opinion

California’s Small Cannabis Farmers Launch Direct-to-Consumer Sales Platform Inspired by Industry Struggles

Members of the Mendocino Cannabis Alliance, who have struggled to thrive in California’s regulated adult-use marketplace, have come together to launch an online sales and delivery platform.

March 11, 2022

Michigan

TerrAscend to Close Acquisition of Gage Cannabis

The deal expands the company’s footprint to include seven cultivation facilities and 25 retail locations with operations in five states and Canada.

March 9, 2022