A groundbreaking series of class-action lawsuits have been filed against some of the largest U.S. cannabis operators, accusing them of prioritizing profits over public health by falsely marketing recreational marijuana as a medical cure-all while suppressing information about its potential dangers. The legal actions, which are drawing comparisons to the historic lawsuits … [Read more...] about Major Cannabis Companies Face Sweeping Class-Action Lawsuits
Green Thumb Industries
Marijuana MSO Green Thumb to spend up to $50 million on share buybacks
Marijuana multistate operator Green Thumb Industries is poised to repurchase as much as 5% of its outstanding subordinate voting shares over the course of a year. The Chicago-based MSO will spend up to $50 million on the share buybacks, at its discretion, according to a news release. The buybacks could start Sept. 11. However, Green Thumb management is not obligated to buy … [Read more...] about Marijuana MSO Green Thumb to spend up to $50 million on share buybacks
Why U.S. Marijuana Stocks Like Curaleaf and Green Thumb Tanked Yesterday.
Downbeat sentiment on stocks in general, and unhappy news concerning the pot industry specifically, make for a bummer of a Monday. What happened? Stocks seen to be more speculative and risky investments had a tough time of it in Monday's market swoon. Exhibit A: U.S. marijuana companies, who took it on the chin not only from a flight to perceived quality, but also due to a … [Read more...] about Why U.S. Marijuana Stocks Like Curaleaf and Green Thumb Tanked Yesterday.
