Canopy Growth Corp. ‘s U.S.-listed shares CGC, -4.18% WEED, -2.78% rose 3.9% in premarket trades on Tuesday after the Canadian cannabis company announced a plan to consolidate its U.S. cannabis Read more
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Green Thumb Industries to sell cannabis at Circle K gas stations in first-of-its-kind deal
Green Thumb Industries Inc. is expanding its reach from the stand-alone dispensary to space at Circle K convenience stores in Florida in what the Chicago-based company describes as a first Read more
Cannabis legalization goes up for a vote Nov. 8 in five states with a combined adult population of 13 million
Cannabis legalization measures will go before voters in five U.S. states on election day, Nov. 8, as the industry continues to grow. While smaller in population than many other U.S. Read more
Dow books 630-point drop after strong jobs data rattles investors, but stocks cement weekly gains
U.S. stocks finished sharply lower Friday, but still booked their best weekly gains in a month, after September jobs data showed an unexpected fall in the unemployment rate that’s anticipated Read more
Cannabis stocks rocketed to record day after Biden lit the fuse
Cannabis stocks shot to record gains Thursday after President Joe Biden formally sought to review how marijuana is classified under federal law, a change that pot companies in the U.S. Read more
Biden pardoning all prior federal marijuana-possession offenses
President Joe Biden on Thursday said he will pardon all prior federal offenses of simple possession of marijuana. “There are thousands of people who have prior federal convictions for marijuana Read more
Analyst slashes revenue outlook for Trulieve, Curaleaf, Canopy, Cronos as cannabis business takes a hit
Jefferies analyst Owen Bennett trimmed revenue expectations for four major cannabis names from the U.S. and Canada, but kept his ratings intact on the heels of quarterly updates from Curaleaf Read more
Trulieve trims view as inflation hits cannabis prospects
Trulieve Cannabis Corp. on Wednesday swung to a loss and cut its revenue outlook for the year as inflation impacted its prospects and softness in wholesale markets weighed on results. Read more
Curaleaf CEO sees cannabis as recession resistant, but stock falls after wider loss
Curaleaf Holdings Inc. Chief Executive Matt Darin said inflation impacted some of the cannabis company’s customers, but it still managed to beat its revenue target despite a wider quarterly loss. Read more
Green Thumb Industries notches eighth profitable quarter in a row in U.S. cannabis
Green Thumb Industries Inc. navigated a more uncertain economic environment and managed to beat Wall Street estimates with its eighth quarterly profit in a row. The cannabis company active in Read more