The legal U.S. legal cannabis industry recorded its 11th consecutive year of growth in 2024, though the pace of expansion continued to moderate versus pre-pandemic levels, according to Oregon-based Whitney Economics. Final retail revenue for the year is estimated between $30.2 billion and $30.7 billion, marking roughly 6% year-over-year growth, …
Tag: Investing
Smaller players make big gains in Florida’s cannabis market
Conventional wisdom says: Bigger is better. More stores mean more sales. Premium prices can’t survive in a tough economy. But Florida’s cannabis market apparently hasn’t been listening. Smaller companies in the state are outperforming traditional retail metrics, with new operators likely to shake things up further. While market leader Trulieve …
Good Shroom Co. to rebrand as Mercanto Holdings
Canadian cannabis company The Good Shroom Co. (TSXV: MUSH) announced a double twist on Thursday, with both a corporate rebrand to Mercanto Holdings Inc. and the issuance of a “fixed up to 20%” stock option plan. The stock option plan has been approved by regulators at the TSX Venture Exchange, and …
IIPR reaches deal with PharmaCann to resolve lease default
Innovative Industrial Properties (NYSE: IIPR) said it reached an agreement with multistate operator PharmaCann to resolve defaults on leases for 11 properties, as the cannabis real estate investment trust faces more scrutiny over its tenant disclosures. The deal, which became effective Tuesday, includes rent reductions and property transitions in key …