News Provided by https://www.abladvisor.comNeedham Bank announced it has closed a cannabis business loan toBostica, LLC, a premium cannabis cultivator and manufacturer of cannabis products. Bostica will use the financing to complete the construction of their 60,000-square-foot cannabis cultivation and manufacturing facility in Lynn, MA. Needham Bank also provided working … [Read more...] about Needham Bank Closes Cannabis Loan to Bostica
Weed investments
With eight appeals already filed from denied cannabis cultivators, state could see more before Friday deadline
By Skyler Frazer on Hartford Business With the first provisional license already approved, the state is continuing to see a flurry of appeals from hopeful cannabis cultivators that were denied social equity status in July. At least eight prospective social equity cultivators have filed suits against the state alleging they were wrongfully denied … [Read more...] about With eight appeals already filed from denied cannabis cultivators, state could see more before Friday deadline
Marijuana grow facility in Amado laying off 103 workers
By Kevin Murphy on Green Valley News A medical marijuana grow facility in Amado notified Santa Cruz and Pima counties on Thursday that it is laying off 103 employees. The announcement comes amid reports that medical marijuana sales in Arizona have plummeted as recreational sales spike. Thursday's notice from Nature AZ Medicine is required under the federal WARN Act, which … [Read more...] about Marijuana grow facility in Amado laying off 103 workers
7 Cannabis Stocks Kicking Off August With Some Heat
BY, Schaeffer's Digital Content Team ON https://www.schaeffersresearch.com At this time, the ETFMG Alternative Harvest ETF (MJ), a fund tracking the cannabis industry, has lost 65% of its value over the past 12 months, but is now up nearly 4% in the last 30 days. Flora Growth Corp. (NASDAQ:FLGC) announced the signing of a joint venture agreement with Indigena Misak Manasr … [Read more...] about 7 Cannabis Stocks Kicking Off August With Some Heat
Canopy reports CA$2.1 billion loss on massive cannabis unit impairments
By MJBizDaily Staff on https://mjbizdaily.comCanopy Growth Corp. reported the worst quarterly loss in its history as the company’s “value” cannabis sales declined as part of its business transition to “premium” products. The Smiths Falls, Ontario-based business on Friday reported a first-quarter net loss of 2.1 billion Canadian dollars ($1.6 billion) after the struggling … [Read more...] about Canopy reports CA$2.1 billion loss on massive cannabis unit impairments
Green Thumb Industries Q2 net gain expands as cannabis MSO beats on top, bottom lines
By: Jonathan Block on https://seekingalpha.com Green Thumb Industries (OTCQX:GTBIF) saw its Q2 2022 net income expand ~11% compared to the prior-year period to $24.4M even though revenue rose. The Chicago-based cannabis multi-state operator also beat on the top and bottom lines. Revenue of ~$254.3M was a ~15% increase compared to Q2 2021. The company said the … [Read more...] about Green Thumb Industries Q2 net gain expands as cannabis MSO beats on top, bottom lines
Cannabis cultivation in CT could be linked to big money investors. Experts say that ‘should be no surprise.’
By Verónica Del Valle on www.newstimes.com Before budding entrepreneurs can start selling cannabis across Connecticut, hundreds of square feet of the plant must thrive in cultivation facilities. The earliest news about those entrepreneurs has generated mixed reactions. Despite a rigorous system that vetted early businesses vying to grow cannabis in the state, some members of … [Read more...] about Cannabis cultivation in CT could be linked to big money investors. Experts say that ‘should be no surprise.’
Is It Finally Time to Shine for These 3 Pot Stocks?
By Anushka Dutta On www.stocknews.com Legalization of cannabis across states is driving the prospects of the pot market. So, is it time to add pot stocks British American Tobacco (BTI), Imperial Brands (IMBBY), and Constellation Brands (STZ) to one’s portfolio? Read on to find out….A growing number of U.S. states are legalizing marijuana. About 44% of Americans live in states … [Read more...] about Is It Finally Time to Shine for These 3 Pot Stocks?
Short Sellers Wind Down Pot Stock Bets as Congress Mulls Action
By Stefanie Marotta on www.bloomberg.com Cannabis short sellers are ratcheting down their bets that the beleaguered sector will continue its slide. Short interest in pot stocks has tumbled to $632 million from $3.14 billion in May 2021, even as share prices plunged in the past year, according to data from S3 Partners. While analysts are skeptical that the federal government … [Read more...] about Short Sellers Wind Down Pot Stock Bets as Congress Mulls Action
The Struggle is Real for Cannabis Entrepreneurs
NEWS PROVIDED BY TAP Financial Partners MIAMI, FLA., Cannabis is forecast to be a $60 billion industry by the end of the decade and entrepreneurs are anxious to claim their share, but that doesn’t mean current and prospective business owners won’t face considerable challenges along the way. To date, 38 states and the District of Columbia have legalized recreational and/or … [Read more...] about The Struggle is Real for Cannabis Entrepreneurs
