As the economic damage from the coronavirus pandemic piles up, U.S. cities and states are set to face significant lost revenue given the loss of business activity. But, as DataTrek Research’s Jessica Rabe writes in a note, “there’s a simple and effective solution for states and cities...
States across the country now consider pot shops “essential” services and anxious Americans are flocking to them. Cannabis is turning out to be the one thing the coronavirus can’t destroy. Marijuana sales are booming, with some states seeing 20 percent spikes in sales as anxious...
Important milestone continues Maine’s structured rollout of adult use industry. AUGUSTA – The Office of Marijuana Policy, a part of the Maine Department of Administrative and Financial Services, announced the issuance of Maine’s first conditional licenses for adult use marijuana...
In the intersection of the COVID-19 outbreak and marijuana businesses across the U.S., two different stories have emerged. At the top of the pecking order, major cannabis players aren’t looking so swell. Entire growth strategies have been scrapped, thanks to disruptions in...
The coronavirus-induced sell-off reached a new low on Wednesday as Wall Street grappled with the rapid spread of the virus as well as uncertainty around a fiscal response to curb slower economic growth resulting from the outbreak. The Dow Jones Industrial Average tumbled 1,464.94...
Just two months into adult-use legalization and Illinois dispensaries are selling more than a million dollars of legal cannabis—per day. ‘Today marks another milestone in the successful launch of Illinois’ legal cannabis industry.’ Toi Hutchinson, senior advisor, Governor...
From Manulife Investment Management Key takeaways Private equity capital has become a more prominent source for financing global commercial enterprise, and returns on that capital, less tied to beta than those from public markets, have helped raise the profile of private equity...
Connecticut Gov. Ned Lamont has renewed his push for cannabis legalization this year, and while advocates say the concept of legalization has support in the legislature, Lamont’s proposed bill will likely require more work on the granular details before it has the support it needs to...