There continues to be majority support for a Florida marijuana legalization ballot initiative, according to a new poll commissioned by an organization that opposes the reform. But the measure is again coming up shy of the 60 percent threshold needed for passage under the state’s Constitution. The survey done... Read more
Lawmakers in Vermont have passed legislation to create a psychedelic-assisted therapy working group that would make recommendations on whether and how the state should regulate legal access to substances like psilocybin and MDMA. The measure next heads to the desk of Gov. Phil Scott (R). The Senate approved revised... Read more
You’re reading this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers stay ahead of the curve as well as links to the week’s most important news. We post this and all... Read more
Vermont Gov. Phil Scott (R) says he’s “sure” he’ll end up vetoing a bill that would legalize and fund a Burlington facility where people could use currently prohibited drugs in a medically supervised environment, explaining that he’s “philosophically and pragmatically opposed” to the measure despite support from local leaders.... Read more
Sen. Cory Booker (D-NJ) paid a visit to a marijuana manufacturing facility in Sacramento this week, touring the operation and speaking with staff as he continues his push for federal legalization. Just weeks after reintroducing the Cannabis Administration and Opportunity Act (CAOA) with 17 other Democratic senators, Booker took... Read more
Trulieve Reports First Quarter 2024 Results Demonstrating Core Business Strength and Cash Generation First quarter performance of $298 million in revenue, up 4% sequentially, and 58% gross margin Strong cash flow from operations of $139 million and free cash flow of $124 million* in Q1 2024 Definitive progress made... Read more
The Cannabist Company Reports First Quarter 2024 Results NEW YORK–(BUSINESS WIRE), May 9, 2024–The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQX: CBSTF) (FSE: 3LP) (“The Cannabist Company” or the “Company”), one of the largest and most experienced cultivators, manufacturers and retailers of cannabis products in the U.S., today... Read more
First quarter 2024 revenue of $339 million, representing an increase of 2% year-over-year and adjusted gross margin(1) of 48% First quarter 2024 adjusted EBITDA(1) of $77 million, representing 23% of revenue, a 40 basis point improvement year-over-year First quarter 2024 operating cash flow from continuing operations of $46 million... Read more
