ScottsMiracle-Gro Announces Fiscal 2023 Full-Year Results Full-year total Company net sales of $3.55 billion in line with guidance Free cash flow of $438 million improved $681 million year over year; Company reaffirms $1 billion in free cash flow over two years through Fiscal 2024 Project Springboard cost savings contribute... Read more
As we described in a previous article, the Global Cannabis Stock Index plunged in October after three consecutive monthly gains. That index is now down 26.1% year-to-date, which has followed a record decline of 70.4% for 2022. In this article, we summarize the performance of the other managed indices that New Cannabis Ventures... Read more
Innovative Industrial Properties Reports Third Quarter 2023 Results SAN DIEGO–(BUSINESS WIRE)–Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today results for the third quarter ended September 30, 2023. Third... Read more
The Trump campaign took a swipe at 2024 Republican presidential candidate Ron DeSantis, urging the Florida governor to pick up some marijuana edibles while visiting Nevada to de-stress from the race. Steven Cheung, spokesperson for former President Donald Trump, made the comments on Saturday, remarking on the stagnant polling... Read more
Cannabis stocks, as measured by the Global Cannabis Stock Index, exploded higher in late August on news that the Department of Health and Human Services had recommended to the DEA that it move cannabis from Schedule 1 to Schedule 3, and the move continued into September. October wiped out the... Read more
A key House committee will soon consider newly filed amendments to a large-scale spending bill that would prevent drug testing of certain federal job applicants for marijuana and end the blockade that has kept Washington, D.C. from legalizing cannabis sales. Democratic lawmakers recently filed the amendments to Fiscal Year... Read more
It’s time to end prohibition and instead legalize and regulate all drugs, according to a new Reason Foundation report from a coalition of analysts and advocacy groups. Authors say the nearly century-long drug war has failed to rein in overdose deaths, reduce substance use disorders or decrease violent crime.... Read more
Some routine repairs on the International Space Station unveiled something mysterious last week when a Russian astronaut found holes drilled into the side of the orbiting vessel. According to a NASA press release, two Russian astronauts by the names of Oleg Kononenko and Nikolai Chub were on a spacewalk... Read more
A handful of cannabis companies recently initiated a lawsuit with U.S. Attorney General Merrick Garland regarding the negative effects of federal prohibition, which hinders their business. According to the plaintiffs, which includes Massachusetts-based Canna Provisions Inc., Wiseacre Farm, Inc., and Gyasi Sellers, and Illinois-based Verano Holdings Corp., the Controlled... Read more
