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
The governor of Wisconsin says he’s “hopeful” that the November election will lead to Democratic control of the legislature, which will position the state to finally legalize marijuana. At a stop on his “Pothole Patrol” tour on Tuesday, Gov. Tony Evers (D) was asked about the recent vote to... Read more
States have carried out “great experiments” with marijuana legalization that have given Americans “more freedoms,” including in conservative jurisdictions, Senate Majority Leader Chuck Schumer (D-NY) says. As Schumer continues to push for cannabis banking legislation and a legalization bill he recently unveiled, the senator was asked on Wednesday whether... Read more
Green Thumb Industries Reports First Quarter 2024 Results CHICAGO and VANCOUVER, British Columbia, May 08, 2024 (GLOBE NEWSWIRE) — Green Thumb Industries Inc. (“Green Thumb” or the “Company”) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of RISE Dispensaries, today reported its financial... Read more
A Pennsylvania GOP senator says the state is “getting close” to legalizing marijuana, but the job will only get done if House and Senate leaders sit down with the governor and “work it out.” At a rally organized by ResponsiblePA on Tuesday, Sens. Dan Laughlin (R), Sharif Street (D)... Read more