44.6% – Percentage of pre-rolls sold that were purchased by millennials The popularity of cannabis pre-rolls has been growing, and that trajectory is primarily being driven by one demographic cohort: millennials. As of September, millennials were responsible for nearly half (44.6%) of all pre-roll purchases. Gen X was a distant …
Donald Trump’s forthcoming return to the White House and his nomination of pro-legalization (but not pro-Florida legalization) Matt Gaetz for attorney general adds a new dimension to the cannabis sector’s outlook. But stock performance remains tightly linked to state markets, said Pablo Zuanic, managing director at Zuanic & Associates, in recent …
The Daily Hit is a recap of the top financial news stories for Monday, November 18, 2024. On the Site New York judge rules some hemp shops can remove ‘illicit cannabis’ signs The lawsuit is challenging crackdown efforts by city officials. Read more here. Georgia medical cannabis industry set to …
Several big-name publicly traded cannabis companies in California are in obvious distress, which begs the question, how long until more of them join the conga line into receivership and bankruptcy? Last week alone, Lowell Farms (CSE: LOWL) (OTCQX: LOWLF) reported that it lost another $3.6 million in its latest quarter, …