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Where

Category: News

  With state legalization expanding and financial troubles receding, Wall Street says it’s time to pay attention to U.S. marijuana stocks. Their path to profitability is firmer than their better-hyped Canadian counterparts, analysts say. The playing field is bigger, even though cannabis isn’t federally legal yet. Sales growth for the biggest producers is stronger. And […]

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Lax regulation and low barriers to entry have triggered cannabis’s explosive growth in Sooner State   OKEMAH, Okla. — Chip Baker surveyed a vast field on the outskirts of an old hay farm an hour east of Oklahoma City, his ponytail waving in the thick, humid air, his voice growing excited. “This is probably the largest […]

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A trio of Canadian cannabis companies have reported quarterly earnings in the past two weeks and all produced net income, but in each case, it was due to non-cash gains that indicate they are not yet profitable on a sustainable basis. Two of the three also missed revenue consensus estimates as the Canadian market continues […]

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After years of failed attempts, Connecticut legalized recreational marijuana on Tuesday, laying the groundwork to direct cannabis revenue into communities of color that have long been targeted by policies criminalizing the drug. Gov. Ned Lamont, a Democrat, signed a bill to legalize the use and cultivation of recreational cannabis and expunge thousands of past convictions […]

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ALBANY, N.Y. (AP) — New York is poised to join a growing number of states that have legalized marijuana after state lawmakers reached a deal to allow sales of the drug for recreational use. The agreement reached Saturday would expand the state’s existing medical marijuana program and set up a licensing and taxation system for […]

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