Chart of The Week
Black ink is the new black
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American public cannabis companies are trending towards profitability.
Grown In (https://grownin.com/author/vouchey/)
American public cannabis companies are trending towards profitability.
Cannabis companies looking to grow beyond one or two locations need to think carefully about how they do that, said three experts in last week’s Grown In webinar.
Legislators tell Grown In that there’s will and an interest in passing legislation soon, but…
Michigan’s Marjuana Regulatory Agency announced sixteen blockbuster proposed changes to the state’s cannabis laws and regulations, which have the potential to provide Michigan with the most progressive social equity program in the nation.
Perhaps the biggest story is that little sliver at the bottom right of the chart, where Missouri turned in a tiny 2.4% of Illinois’ raging sales month.
Illinois is moving a bill to create more cannabis licenses, while cannabis legislation in Michigan and Missouri seems stalled for now.
120 new companies have entered the market, as 289 companies held cannabis licenses as of the end of December 2020.
Shareholders of Majesta Minerals Incorporated will convene January 27 to review financial information from Verano Holdings and Alternative Medical Enterprises.
An intense and varied market has developed in Michigan, where some dispensaries attempt to compete on price where others strive to sell the best, highest quality product available.
As of the end of 2020, 205 companies had obtained cultivation licenses, whereas in July just 81 companies had cultivation licenses.