Fluent, a subsidiary of Cansortium Inc. (CSE: TIUM.U) (OTCQB: CNTMF), has grand plans for expansion, but the potential for adult-use legalization in Florida isn’t the key driver, according to CEO Robert Beasley. The Tampa-based cannabis company, with is currently the sixth-largest operator in the state by milligrams of THC sold, …
The Daily Hit is a recap of the top financial news stories for Thursday, October 31, 2024. On the Site Report: New York could be a $6 billion market in just two years The New York market has been impacted with the explosion of unlicensed operators hurting store profits. Read …
NB Bancorp Inc. (Nasdaq: NBBK) reported a drop in third-quarter profit Thursday, despite strong growth in its cannabis banking business. Massachusetts-based bank holding company said its commercial real estate loans secured by cannabis facilities jumped by $49.1 million, or 18.3%, during the quarter to reach $317.3 million as of Sept. …
Whitney Economics’ new report, focused exclusively on the New York market, strongly suggests that the state’s cannabis market will hit $6 billion in two years. Despite a difficult launch, New York now has more than 200 licensed stores open and is poised to deliver just under a billion in sales …