BevCanna Enterprises Inc. (OTC: BVNNF) said it was done with cannabis in August when the company released its second-quarter filing. The company didn’t hold back when it said its departure was “…driven by the unsustainable cash flow drain that threatened the company’s financial stability. The public has become increasingly aware …
4.5% – Decline in 2024 EBITDA estimates for publicly traded cannabis companies With the rescheduling of cannabis still on the horizon, analysts with Viridian Capital Advisors expected EBITDA forecasts to rise as 2024 unfolded. But according to new analysis of 16 publicly traded cannabis companies, that expectation is far from …
As more states usher in recreational marijuana, they face a thorny challenge: how to tax it effectively. That’s especially true when it comes to prepping for eventual federal legalization, according to a new report from Tax Foundation. The study shows that 23 states now have taxes on recreational marijuana, with …
The Daily Hit is a recap of the top financial news stories for Monday, October 14, 2024. On the Site Judge denies restraining order for California hemp ban Several hemp companies challenged emergency rules that ban hemp products with any detectable THC. Read more here. Flora Growth to distribute Storz …