Tag: Cresco Labs

Illinois Cannabis Sales Increased Strongly in November

Illinois released sales figures for adult-use cannabis in November today. They were up 4.9% sequentially to $149.3 million. On a per-day basis, sales rose 8.4%. The year-over-year growth was +7.3%, better than...
- December 19th, 2024 at 11:43 am

Michigan Cannabis Sales Increase in November

Michigan cannabis sales for November rose from a year ago and they rose sequentially 2.9%. At $276.4 million, sales were up 6.1% from a year earlier: The Michigan Cannabis Regulatory Agency...
- December 17th, 2024 at 9:28 am

Florida Cannabis Market Remains Under Pressure

Each week, Florida’s Office of Medical Marijuana Use (OMMU), which is part of the state’s Department of Health, releases data on the state’s medical cannabis program, including an active...
- December 13th, 2024 at 3:13 pm

The New York Cannabis Market Continues to Soar

The New York Office of Cannabis Management held a Control Board Meeting today that was broadcast online. Two months ago, we provided an update regarding the state’s strong growth...
- December 10th, 2024 at 1:00 pm

Illinois Cannabis Sales Increase Slightly in October

Illinois released sales figures for adult-use cannabis in October today, a bit later than normal. They were up 4.2% sequentially to $142.3 million. On a per-day basis, sales rose 0.9%. The year-over-year...
- December 3rd, 2024 at 5:11 pm

Cannabis Stocks Hold the All-Time Lows

You’re reading this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers...
- November 14th, 2024 at 8:09 am

The Florida Medical Cannabis Market Is Melting

Each week, Florida’s Office of Medical Marijuana Use (OMMU), which is part of the state’s Department of Health, releases data on the state’s medical cannabis program, including an active...
- November 12th, 2024 at 3:30 pm

Cresco Labs Q3 Revenue Falls as Profitability Rises

Cresco Labs Demonstrates Success of Cash Flow Focused Strategy with Third Quarter 2024 Financial Results Record quarterly operating cash flow of $49 million and year to date operating cashflow...
- November 8th, 2024 at 7:55 am

Cannabis Earnings Season Is About to Begin

The Public Cannabis Company Revenue & Income Tracker, managed by New Cannabis Ventures, ranks the top revenue producing cannabis companies. This update is our first since  mid-August, when we reviewed the...
- October 30th, 2024 at 7:12 am

Illinois Cannabis Sales Slump In September

Illinois released sales figures for adult-use cannabis in September today. They were down 7.4% sequentially to $136.5 million. On a per-day basis, sales fell 4.3%. The year-over-year growth was -2.2%, the first...
- October 16th, 2024 at 5:02 pm

Michigan Cannabis Sales Sink

Michigan cannabis sales for September fell sequentially 9.7% from August. At $266.9 million, sales were down 2.9% from a year earlier: The Michigan Cannabis Regulatory Agency breaks out sales by medical...
- October 14th, 2024 at 4:45 pm

New York Cannabis Sales Continue to Surge

The New York Office of Cannabis Management held a Control Board Meeting today that was broadcast online. Earlier this month, it published an annual report for FY2024, which ended...
- October 10th, 2024 at 3:52 pm

Florida Medical Cannabis Market Faces a Big Risk

Each week, Florida’s Office of Medical Marijuana Use (OMMU), which is part of the state’s Department of Health, releases data on the state’s medical cannabis program, including an active...
- October 5th, 2024 at 8:55 am

Illinois Cannabis Sales Growth Remains Slow

Illinois released sales figures for adult-use cannabis in July and August today. They were up 1.1% sequentially in July to $143.3 million, and they rose in August by 2.8% to $147.4 million....
- September 19th, 2024 at 6:15 pm

Michigan Cannabis Sales Rise to a Record $295 Million

Michigan cannabis sales for August rose sequentially 2.7% from July. At $295.4 million, sales were up 6.9% from a year earlier to a new record level: The Michigan Cannabis Regulatory Agency...
- September 11th, 2024 at 3:55 pm

Florida Medical Patient Growth Slows Again

Each week, Florida’s Office of Medical Marijuana Use (OMMU), which is part of the state’s Department of Health, releases data on the state’s medical cannabis program, including an active...
- September 7th, 2024 at 6:39 pm

Michigan Cannabis Sales Lift Modestly in July

Michigan cannabis sales for July rose sequentially 3.2% from June with the increase in days. At $287.7 million, sales were up 4.0% from a year earlier, the slowest annual growth in...
- August 14th, 2024 at 4:24 pm

Cannabis Call Options

You’re reading this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers...
- August 9th, 2024 at 9:29 am

Cresco Labs Q2 Revenue Falls 7%

Cresco Labs Reports Consistent Profitability Improvement with Second Quarter 2024 Financial Results Over 800 basis point year over year improvement in Adjusted EBITDA Margin 1 CHICAGO–(BUSINESS WIRE)– Cresco Labs...
- August 8th, 2024 at 7:17 am

Cannabis Q2 Earnings Season Approaches

The Public Cannabis Company Revenue & Income Tracker, managed by New Cannabis Ventures, ranks the top revenue producing cannabis companies. This update is our first since  mid-May, when we reviewed the...
- July 23rd, 2024 at 9:02 am

Michigan Cannabis Sales Slow

Michigan cannabis sales for June fell sequentially decreased 0.3% from May. At $278.8 million, sales, which were up from May on a per-day basis, were up 6.9% from a year earlier,...
- July 15th, 2024 at 2:44 pm