Florida’s failed adult-use cannabis vote led to a $2.6B loss in market cap. Was the market reaction justified? Earnings data adds uncertainty.
Tag: Southeast
Marijuana industry still has hope for Florida after failure of Amendment 3 – WFTV
After months of campaigning and millions of dollars in political spending, Floridians rejected efforts to legalize recreational marijuana.
Maxwell: In Florida, the majority loses. On abortion, marijuana – Orlando Sentinel
Maxwell: Abortion rights got 57% support in Florida. So why did it fail? Because big business and politicians have gamed the whole amendment …
Cresco posts record cash flow despite revenue miss; projects decline ahead
Chicago-based Cresco Labs (CSE: CL) (OTCQX: CRLBF) missed sales expectations but generated its highest-ever quarterly cash flow as it tries to clamp down on costs and make its operations more efficient these days. The Sunnyside owner said Friday its third-quarter revenue ending Sept. 30 fell to $180 million from $190.6 …