The long and winding path to federal marijuana legalization has tried the patience of many in the cannabis community. Now it seems Wall Street has moved on to other greener pastures and has tapped out of cannabis, despite the potential yet to be fulfilled of the quickly-growing multi-billion-dollar market. Gone …
In a bid to play on tech mogul Elon Musk’s new mandate from President Donald Trump to identify places where the federal government can slash spending, U.S. Sen. Elizabeth Warren (D) sent Musk a note last Thursday, in which she argued that the new administration could save “hundreds of millions… …
Cannara Biotech Inc. (TSXV: LOVE) (OTCQB: LOVFF) announced a solid fiscal first quarter of 2025 for the quarter ending Nov. 30, 2024. The Canadian company reported that its cannabis revenues increased by 33% to C$34.9 million in the quarter, up from last year’s C$26.3 million. The company attributed the increase to… …
Parke Bank‘s parent, Parke Bancorp (NASDAQ: PKBK), reported last week that its cannabis-related deposits surged nearly 57% in the fourth quarter, showing signs of recovery as interest rates begin to ease. Overall annual profits dipped 3.3% to $27.5 million in 2024, while fourth-quarter earnings fell 9.5% to $7.4 million despite …