Industry update Top US pot brand Cresco Labs beats Q4 expectations In 2020, America's leading cannabis wholesaler grew revenue 271% to US$476.3M Jared GnamMarch 25, 2021
Industry update New York expected to legalize adult-use cannabis next week After three years of failure, New York Gov. Andrew Cuomo says his state could pass adult-use legislation by April 1 Jared GnamMarch 24, 2021
Industry update TerrAscend reports record Q4 sales, drops CEO Despite cannabis sales reaching $198.3M in 2020, CEO Jason Ackerman is stepping down Jared GnamMarch 23, 2021
Industry update Trulieve vies for second place in US pot market The Florida-based operator says national expansion plans will push 2021 sales up 60% from US$522M in fiscal 2020 Jared GnamMarch 23, 2021
Industry update Youth cannabis use unchanged post-legalization: Canadian study Regular pot consumption among Canuck youth in the 2018–19 school year remained flat compared to the previous two Jared GnamMarch 22, 2021
Analysis After 8-year wait, SAFE Banking Act expected to pass Major cannabis banking reform is likely to pass this year due to bipartisan support in U.S. Congress, but could face headwinds from concurrent legalization... Jared GnamMarch 19, 2021
Canada Local industry relieved as province halts sale of Cannabis NB The decision is lauded by local producers, who say a private monopoly would have damaged the province's industry Jared GnamMarch 19, 2021
Industry update Cresco Labs enters Massachusetts via Cultivate acquisition The major US cannabis operator will pay at least US$90M to enter its 10th state Jared GnamMarch 18, 2021
Industry update Hexo touts Q2 earnings, eyes M&A Once its deal to buy Zenabis closes, Hexo says it will be close to top-2 in Canadian recreational weed sales Jared GnamMarch 18, 2021
Industry update American pot giant Green Thumb nets US$556.6M in 2020 The pot stock darling beat analyst consensus with US$177.2M in Q4 revenue Jared GnamMarch 17, 2021