LeafLink projects cannabis market to reach $55 billion by 2030
5 days ago · Despite the headaches that many in the cannabis industry have endured, wholesale platform company LeafLink mined its data to determine that by 2030, the U.S. cannabis market is projected to reach around $55 billion. That would put the growth at an annual rate of 11%.
Cannabis social equity experts warn newcomers of difficult …
4 days ago · A trio of Black cannabis entrepreneurs and social equity advocates warned newcomers to the marijuana trade during a Wednesday panel at MJBizCon in Las Vegas that the capital fundraising landscape is a harsh one, and that many in such scenarios wind up relying on money from friends and family or potentially predatory venture capital investors.. Some …
Judge gives initial OK to $8M Aurora Cannabis class-action …
Oct 16, 2024 · A federal judge granted preliminary approval to an $8.05 million settlement between Aurora Cannabis Inc. (NASDAQ: ACB) and investors who accused the company of misleading them through an boomerang deal to inflate its revenue, Law360 reported.. U.S. Magistrate Judge James B. Clark III gave the initial nod to the proposed settlement on Oct. 10, …
DEA judge sets timeline for rescheduling hearings
Dec 5, 2024 · The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry.
Cannabis finance experts at MJBizCon predict ongoing uncertainty …
5 days ago · A swath of cannabis financial gurus who spoke at the MJBizCon Finance Forum in Las Vegas on Tuesday morning shared a wide array of tips, thoughts and insights that essentially boiled down to one major theme: Ongoing uncertainty for everyone in the cannabis trade, particularly with the newly-elected Donald Trump poised to retake the White House next month.
PharmaCann to shutter LivWell cultivation facility in Michigan
Dec 4, 2024 · This story was republished with permission from Crain’s Detroit.. One of the country’s largest cannabis operators is abandoning its Michigan grow operations. Chicago-based PharmaCann told employees Monday it would shutter its 207,000-square-foot LivWell Michigan cultivation site in Warren, laying off at least 170.. Todd Lince, president of Teamsters Local …
StateHouse files for bankruptcy in Canada, officially enters US ...
Oct 11, 2024 · The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry.
Michigan marijuana market sets another sales record despite …
Sep 19, 2024 · This story was republished with permission from Crain’s Detroit.. Despite increased regulator crackdowns and a new competing market in Ohio, Michigan’s marijuana market continues to reach new heights.. The regulated market set another new sales record in August with the industry selling more than $295.4 million worth of marijuana, up nearly $7 …
Auction marks end of beleaguered Michigan marijuana company's …
Oct 21, 2024 · This story was republished with permission from Crain’s Detroit. The remaining assets — ovens, centrifuges, laptops, lighting and a candy production line — of the state’s once-largest marijuana growing operation are up for auction.
What to expect from next week’s cannabis rescheduling hearing
Nov 27, 2024 · The Drug Enforcement Administration on Tuesday announced it still intends to hold a hearing next week regarding the proposed rescheduling of marijuana, despite plans to not hear any actual testimony or substantive discussion on the historic policy change.. The hearing, slated to begin on Dec. 2 at 9:30 a.m. Eastern Time at DEA headquarters in Arlington, …