Some of the retail traders on Reddit’s WallStreetBets forum who helped spark GameStop stock’s brief parabolic pop have set their sights on public cannabis companies. Canadian grower Tilray (ticker: TLRY) jumped about 51% on Wednesday. Aphria (APHA), which has a deal to merge with Tilray, was up only 10%, despite trading in step with the latter earlier in the year. Sundial Growers (SNDL) jumped 79%. […]
Green Thumb Industries
Beyond Massachusetts, states struggle to limit marijuana behemoths
Massachusetts is not the only state struggling to limit the dominance of large marijuana companies. Maryland bars companies from owning more than one store, but several companies have publicly said they have multiple outlets there. In what seems like an open defiance of the spirit of rules designed to level the playing field among competitors, […]
Legalized Cannabis Remains a Burning Topic for Employers
With the possibility of legalized cannabis under federal law in the coming years, workplace policy changes are also in question. The legalization of cannabis isn’t an “if” but a “when” issue for employers in most states. While its legalization creates confusion for many employers, there are conversations they can have to prepare ahead of time. […]
7 Marijuana Companies That Could Win the American Market
As more and more states legalize marijuana, American companies are racing to establish multi-state cannabis empires. It is still illegal under federal law, so exchanges like the New York Stock Exchange and Nasdaq aren’t an option for these outfits. Seven of the multi-state chains have raised war chests and listed their stocks on the Canadian […]
U.S. Marijuana Companies Go Public in Canada
Green Thumb Industries had a business plan, expertise and plenty of ambition to grow its marijuana business. What the Chicago-based company didn’t have was access to enough capital to make it all happen. So last month, the company with $20 million in revenue from pot shops in seven states turned its gaze north and went […]
Cannabis Trade Federation Announces Industry Leaders as Founding Board Members
PRESS RELEASE New Organization to Focus on Passing the STATES Act, Hires Industry Veteran Neal Levine as CEO WASHINGTON, D.C. (07/25/18) – The Cannabis Trade Federation (CTF) proudly announced 14 founding board members today, building on the organization’s initial formation just a few months ago. CTF is a newly formed national coalition of cannabis-related businesses that […]
Trends in Dispensary Operations and What Owners Watch For
As the cannabis industry matures in different ways in different states, how does a cannabis store operator figure out what to do in the midst a dynamic customer-centric part of this industry? How do they work with the variables of what the customer wants, and what the customer is willing to pay, and how to […]
