Tag: Cresco Labs

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

Slow Cannabis Sales Growth in Illinois in June

Illinois adult-use cannabis sales in June were down 3.1% sequentially to a  $141.8 million, which was about the same on a per-day basis from the longer May. The gain was 3.9%...
- July 5th, 2024 at 10:49 am

Illinois Cannabis Sales Remain Stalled in May

Illinois released its cannabis sales data much later than it normally does again. Illinois adult-use cannabis sales in May were up 1.2% sequentially to a  $146.2 million, which was down slightly on...
- June 27th, 2024 at 2:27 pm

A Big Round Trip

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...
- June 14th, 2024 at 5:25 am

Michigan Cannabis Sales Slow Again

Michigan cannabis sales for May fell sequentially on a per-day basis as they increased just 0.4% from April. At $279.6 million, sales were up 13.7% from a year earlier: The Michigan...
- June 13th, 2024 at 2:34 pm

Florida Medical Patient Growth Sets All-Time Low

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...
- June 7th, 2024 at 3:34 pm

Illinois Reports April Cannabis Sales

Illinois released its cannabis sales data much later than it normally does. Illinois adult-use cannabis sales in April were down 2.9% sequentially to a  $144.5 million, which was about the same on...
- June 3rd, 2024 at 9:17 am

May Was Rough On All Cannabis Sectors

As we described in a previous article, the Global Cannabis Stock Index sank in May, falling 14.6%. It is now up 44.4% in 2024. In this article, we summarize the performance of...
- May 31st, 2024 at 5:08 pm

Florida Medical Cannabis Patient Growth Falls 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...
- May 25th, 2024 at 10:27 am

A Big Bet Goes Bad

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...
- May 24th, 2024 at 6:56 am

Be Careful With Florida

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...
- May 17th, 2024 at 8:10 am