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 …
Marijuana reform advocates and businesses have grown fond over the past decade of the phrase “the toothpaste is out of the tube,” and the “genie is out of the bottle” when referring to the global surge of the cannabis trade, which has touched every continent. Which makes it that much …