Tag: Cresco Labs

Another Rough Month in Michigan

Michigan cannabis sales for February fell from a year ago and fell sequentially by 2.4%, which was up on a per-day basis. At $241.3 million, sales were down 7.6% from a...
- March 14th, 2025 at 2:49 pm

Cannabis Investors Should Consider Having a Drink

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...
- March 13th, 2025 at 5:47 am

Cresco Labs Q4 Revenue and Profitability Slip

Cresco Labs’ Disciplined Strategy Drives Record Cash Flow in 2024 Financial Results Record full year operating cash flow of $132 million, an increase of 126% from the prior year...
- March 12th, 2025 at 7:20 am

Get Ready For More Problems in Florida

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...
- March 7th, 2025 at 3:15 pm

Illinois Cannabis Sales Drop in January

Illinois released sales figures for adult-use cannabis in January today, a bit later than normal. They were down 8.5% sequentially to $140.2 million. The year-over-year growth was 4.8%, better than the decline...
- February 25th, 2025 at 5:06 pm

Big Cannabis Companies Are Set to Report Q4 Financials

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 November, when we reviewed the Q3...
- February 23rd, 2025 at 6:30 am

Michigan Cannabis Sales Begin 2025 Badly

Michigan cannabis sales for January rose slightly from a year ago and fell sequentially by 6.9%. At $247.3 million, sales were up 1.9% from a year earlier: The Michigan Cannabis Regulatory...
- February 12th, 2025 at 5:12 pm

Illinois Cannabis Sales Exceeded $2 billion in 2024

Illinois released sales figures for adult-use cannabis in December today, a bit later than normal. They were up 2.7% sequentially to $153.2 million. On a per-day basis, sales fell slightly. The year-over-year...
- February 5th, 2025 at 1:34 pm

The Florida Cannabis Market Is Struggling

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...
- January 20th, 2025 at 7:45 am

Michigan Cannabis Sales Decrease in December

Michigan cannabis sales for December fell from a year ago and they fell sequentially 3.9% despite the extra day in the month. At $265.5 million, sales were down 5.2% from a...
- January 10th, 2025 at 1:15 pm

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