Marijuana Sales, Funding & Banking News


Week in Review: DEA marijuana research, MMJ licensing case heads to FL high court, NV adult-use license ruling & more

The DEA indicates support for expanding cannabis research, a Florida medical marijuana licensing issue is sent to the state’s Supreme Court for potential review, a Nevada judge freezes some permits for new recreational marijuana shops – and more of the week’s top cannabis business news. DEA to up cannabis research The U.S. Drug Enforcement Administration (DEA) […]

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Vireo Health posts cannabis revenue rise, net loss for second quarter

Vireo Health, a Minneapolis-based multistate marijuana operator, on Thursday reported revenue of $7.2 million in the second quarter, up 70% from the same period a year ago. The net loss for the quarter, ending June 30, was approximately $1.9 million, compared with net income of $120,080 for the prior-year period. The company recently announced it […]

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Green Thumb reports increased cannabis revenue on net quarter loss

Green Thumb Industries (GTI), a vertically integrated, multistate marijuana company based in Chicago, on Wednesday reported revenue of $44.7 million for the second quarter, up 228% from the same period a year ago. Net loss for the quarter, ending June 30, was $22.2 million, compared with a net loss of $9.7 million in the first quarter […]

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Vireo Health moving fast as it focuses on cannabis science, consumers and shareholder value

Vireo Health, the Minneapolis-based vertically integrated cannabis company, has been very busy since it started trading on the Canadian Securities Exchange March 20. The physician-led group, which trades under the ticker VREO, has made acquisitions in four states since then, entering the Arizona, New Mexico, Massachusetts and Nevada markets. The fact that the two most […]

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Cannabis firm Tilray’s revenue up, but wider loss reported

Canadian marijuana company Tilray on Tuesday reported revenue of 60.9 million Canadian dollars ($45.9 million) for the second quarter, up almost four times from the same period in 2018. Net loss for the period, which ended June 30, was $35.05 million compared with a $12.83 million loss in the second quarter 2018. Tilray, based in […]

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Acreage reports improved cannabis revenue, net loss for quarter

Acreage Holdings, a New York-based multistate marijuana operator, on Tuesday reported net quarterly revenue of $17.7 million for the three months ended June 30, up more than five times from the same period last year. Net loss totaled $33.9 million for the company, which is due to be acquired by Canadian cannabis giant Canopy Growth […]

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Cronos boosts quarterly marijuana revenue, reports operational loss

Toronto-based Canadian cannabis company Cronos Group on Thursday reported second-quarter revenue of 10.24 million Canadian dollars ($7.7 million), triple the CA$3.4 million the firm declared in the same period last year. Net revenue for the first half of the year totaled CA$16.7 million – more than double the CA$6.34 million Cronos reported in the same […]

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Thrive Capital to invest in marijuana company LeafLink

Thrive Capital Management, an investment company whose founder has ties to the Trump administration, is set to invest in the marijuana industry for the first time, leading a $35 million funding round for online cannabis inventory and ordering platform LeafLink. New York-based Thrive was founded in 2009 by Josh Kushner, whose brother, Jared Kushner, is a […]

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Alaska credit union to nix pilot banking program for cannabis-related businesses

A credit union in Alaska will soon end a program it launched to provide some marijuana businesses in the state with checking and savings accounts in an attempt to reduce their reliance on cash. Anchorage-based Credit Union 1 said it will formally shutter the service Aug. 30. The catalyst, according to the credit union, was the […]

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