Tag Archives: revenue

Connecticut Lawmakers Vote on Starting Recreational Marijuana Discussions

Connecticut Lawmakers Vote on Starting Recreational Marijuana Discussions

Connecticut Lawmakers Vote on Starting Recreational Marijuana Discussions

Connecticut lawmakers have put recreational marijuana back on the table — sort of. According to the CT Post, lawmakers are curious as to how they would successfully regulate the drug if it were ever to be legalized in the New England state.

Colorado Marijuana Sales Hit a Record $1.5 Billion in 2017

Colorado Marijuana Sales Hit a Record $1.5 Billion in 2017

Colorado marijuana shops raked in a record $1.51 billion sales of medical and recreational cannabis, edibles and concentrate products during 2017, according to Colorado Department of Revenue data released Friday.

Here's How U.S. Marijuana Prices Range From Coast to Coast

Here’s How U.S. Marijuana Prices Range From Coast to Coast

Not only do the rules for marijuana consumption vary from state to state, but so do the prices. From coast to coast, marijuana prices in the United States range from just over $7 in the west to nearly $18 in the east.

Canada's Small Financial Firms Get Buzz From Weed Stocks

Canada’s Small Financial Firms Get Buzz From Weed Stocks

Investors are betting Canada’s smaller financial firms could see a jump in revenues after they helped fund marijuana companies ahead of the country’s planned legalization of the drug this year.

Michigan Agencies Increase Medical Marijuana Law Enforcement

Michigan Agencies Increase Medical Marijuana Law Enforcement

Law enforcement agencies across Michigan are using excess state revenue from medical marijuana patient and caregiver fees to boost enforcement efforts as the state prepares to license dispensaries and pot businesses in certain communities under a new regulatory system.

With More States Legalizing Recreational Weed, Will Sales in Colorado Suffer?

With More States Legalizing Recreational Weed, Will Sales in Colorado Suffer?

Colorado’s marijuana sales continue to rise, from more than $683 million sold the first year it was legal to more than $1.2 billion from January to October this year. But with more and more states legalizing recreational cannabis, will sales in Colorado suffer?

5 Reasons Cannabis Stocks Were on Fire in 2017

5 Reasons Cannabis Stocks Were on Fire in 2017

You might be wondering what’s behind the big rally in cannabis stocks? While a generally bullish market has certainly helped, there are five other considerably more prominent reasons behind the rally in marijuana stocks in 2017.

Aurora Cannabis Opposes CanniMed's Bid for Newstrike Resources

Aurora Cannabis Opposes CanniMed’s Bid for Newstrike Resources

Medical marijuana company Aurora Cannabis Inc said on Monday its acquisition-target CanniMed Therapeutics Inc’s plan to buy smaller rival Newstrike Resources Ltd was a “terrible deal” for CanniMed shareholders.

Nevada Marijuana Businesses Have Created More Than 6,700 Jobs

Nevada Marijuana Businesses Have Created More Than 6,700 Jobs

Although the Silver State just started recreational marijuana sales this past summer, the number of workers Nevada marijuana businesses employ is creating quite the buzz.

Steans and Cassidy: Legal Cannabis Could Bring Revenue, Jobs to Illinois

CHICAGO, Nov. 28, 2017 /Weed Wire/ — Illinois could see up to $699 million in new revenue by legalizing cannabis use among adults through a measure that would spur economic development while protecting public safety. Lawmakers heard from advocates today during a combined Senate and House hearing.

5 Things You Didn’t Know About the Alaska Marijuana Economy

5 Things You Didn’t Know About the Alaska Marijuana Economy

In February 2015, Alaska became one of the first states to legalize recreational marijuana with a 53% vote in favor of the drug. Even though cannabis was made legal in the state, it took another year for Alaska to approve cannabis retail stores and manufacturers. Now, since the state has approved full legalization, the industry has grown, affecting Alaska’s economy in a number of ways.

5 Things You Didn’t Know About the Canadian Marijuana Economy

5 Things You Didn’t Know About the Canadian Marijuana Economy

Canadian Prime Minister Justin Trudeau introduced legislation to legalize recreational marijuana throughout the country, which plans to be in effect on Canada Day (July 1) 2018. Now, many experts have predictions for the Canadian marijuana economy as a result of the cannabis industry becoming legal.

Has This Top Marijuana Stock Weathered a Serious Storm?

Has This Top Marijuana Stock Weathered a Serious Storm?

The stock of MedReleaf Corp. has recently outperformed those of other top marijuana stock players in Canada, and there could be further price gains going forward after the recently listed cannabis firm has found its footing and stopped the earlier quarterly revenue declines.

Aurora Cannabis operational update

Operational Update: Aurora Cannabis Surpasses 19,000 Patients; Record Monthly Revenue, Shipments, Grams Sold

VANCOUVER, Aug. 31, 2017 /Weed Wire/ – Aurora Cannabis Inc. (“Aurora” or the “Company”) (TSX: ACB) (OTCQX: ACBFF) (Frankfurt: 21P; WKN: A1C4WM) is pleased to provide the following operational update.

Israel Medical Marijuana: Joint Panel Approves Government-Run Export Plan

Israel Medical Marijuana: Joint Panel Approves Export Plan

Israel’s Finance and Health ministries approved a medical marijuana export plan that looks to increase annual revenue from $1 billion to $4 billion as the government-supervised program seeks to brand and market its pot products internationally.

The 1 Word in GW Pharmaceuticals' Q3 Update That Disappointed Investors

The 1 Word in GW Pharmaceuticals’ Q3 Update That Disappointed Investors

When GW Pharmaceuticals announced its fiscal third-quarter results on Monday, the company provided plenty of information about its performance during the quarter. However, it wasn’t any of the numbers in the update that caused this decline. Instead, one word caused investors’ disappointment.

Nevada Recreational Marijuana Gets Green Light for Sales on July 1

Nevada Recreational Marijuana Greenlit for Sales on July 1

The partygoers of Sin City will soon be given the opportunity to indulge in recreational marijuana this Saturday. On July 1, 2017, Nevada recreational marijuana sales will commence as dispensaries will have the green light to sell to adults.

Which Cannabis Stock Could Be First to $1 Billion in Annual Sales?

Which Cannabis Stock Could Be First to $1 Billion in Annual Sales?

If there is a “Holy Grail” milestone out there for cannabis stocks, it’s the $1 billion sales mark. The first cannabis company to hit $1 billion in sales will likely validate the industry to Wall Street and investors. But which marijuana stock has the best chance at being first to $1 billion in annual sales?

Proposed Connecticut Budget Bill Adds Cannabis Legalization

Proposed Connecticut Budget Bill Adds Cannabis Legalization

In a Connecticut budget bill introduced on May 16, 2017, Democrats included legalizing, regulating and taxing recreational marijuana. According to the Marijuana Policy Project, the proposal would allow adults 21 and older to buy marijuana from dispensaries.

Teen Marijuana Use MJICM_MPP-Logo-500px-Web-500x281 House Senate

Delaware House Committee Approves Bill to Regulate and Tax Marijuana Like Alcohol

DOVER, Del., May 10, 2017 /Weed Wire/ — The Delaware House Revenue and Finance Committee approved a bill Wednesday (9-2) that would make marijuana legal for adults and regulate it similarly to alcohol. HB 110, also known as the Delaware Marijuana Control Act, will now be considered by the full House of Representatives.

THC

THC:ASX Announcement: 1st Quarter Revenue up 22% And US Expansion

SYDNEY, Australia, May 9, 2017 /Weed Wire/ – The Hydroponics Company Limited (ASX: THC) is pleased to announce that first quarter revenue in its wholly owned subsidiary CMDV (Crystal Mountain (Canada)/Dragon Vision (Hong Kong)) increased by more than 22% year-on-year to over $1.11m.

Illinois Medical Marijuana Sales Rise Slightly in April

Illinois Medical Marijuana Sales Rise Slightly in April

On May 3, 2017, the Illinois Medical Cannabis Pilot Program reported that it raked in just over $6.6 million in retail medical marijuana sales for the month of April, a slight increase of $300,000 from the $6.3 million in sales for the month of March.


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