Welcome to “Cannabis News Today,” a summary of the cannabis industry’s stock and regulatory updates.
Ranking and Understanding Valuation Metrics of US MSO Cannabis Companies – Market Cap / LTM Revenue
The Market Cap / LTM (Last Twelve Months) Revenue metric provides a useful tool for investors to compare cannabis MSOs (Multi-State Operators) and assess their relative value. This ratio helps in identifying undervalued companies and those with strong growth potential by measuring a company’s market capitalization against its revenue over the past year. Please read all about it on the TDR Website!
Minnesota Officials Warn Vendors to Stop Selling Non-Compliant THC Variants
Minnesota cannabis officials have issued a directive to vendors, instructing them to cease the sale of non-compliant THC variants. This strategy aims to ensure that all cannabis products sold in the state adhere to regulatory standards and protect consumer safety. Please read all about it on the TDR Website!
Survey Reveals Cannabis Effectively Treats Musculoskeletal Pain
A latest survey by NORML shows that a significant number of patients report cannabis as an effective treatment for their musculoskeletal pain. The study highlights the potential for cannabis to serve as a viable alternative to traditional pain management methods.
The Cannabist Company Partners with Old Pal for New Jersey Launch
The Cannabist Company (Cboe CA: CBST, OTCQX: CBSTF) has announced a new partnership with Old Pal to launch their brand in New Jersey. This collaboration aims to expand their market presence and provide high-quality cannabis products to consumers in the region.
Ascend Wellness Holdings Secures $235 Million in Private Placement
Ascend Wellness Holdings (CSE: AAWH.U, OTCQX: AAWH) has closed a $235 million private placement of senior secured notes. The funds will be used to support the company’s growth initiatives and strengthen its financial position in the competitive cannabis market.
Florida Governor Ron DeSantis Criticizes Marijuana Legalization Initiative at Republican National Convention
John Ivison Critiques Trudeau’s Cannabis Legalization
In a latest opinion piece, John Ivison argues that Prime Minister Trudeau’s cannabis legalization efforts are failing. Ivison points to issues such as unlicensed sales and regulatory challenges as key factors undermining the policy’s success.
Pennsylvania Governor Vows to Continue Marijuana Legalization Efforts
Despite facing a budget setback, Pennsylvania Governor remains committed to the fight for marijuana legalization. The governor pledges to keep pushing for reforms that would benefit the state’s economy and public health.
Judge Upholds New York City’s Crackdown on Unlicensed Cannabis Sales
A judge has decided not to halt New York City’s crackdown on unlicensed cannabis sales. This decision supports the city’s efforts to regulate the cannabis market and ensure compliance with legal standards.
Oklahoma Medical Marijuana Authority Reduces Staff by 10%
The Oklahoma Medical Marijuana Authority has announced a 10% reduction in its staff. The layoffs are part of a broader effort to streamline operations and improve organizational efficiency.
European Cannabis Firms Eye Higher IPOs in US After Rescheduling
European cannabis companies are optimistic about achieving higher IPO valuations in the US following the rescheduling of cannabis. This regulatory change is expected to open up new investment opportunities and enhance market growth.
Florida Governor Ron DeSantis Criticizes Marijuana Legalization Initiative at Republican National Convention
During his speech at the Republican National Convention, Florida Governor Ron DeSantis criticized the marijuana legalization initiative on the state’s November ballot. He claimed it would negatively impact the quality of life and make Florida lean more towards the Democratic Party.
Vuse Alto Receives FDA Marketing Authorization
British American Tobacco (NYSE: BTI) announced that the FDA has granted marketing authorization for Vuse Alto, a popular vaping product. This marks a significant regulatory milestone and highlights the evolving landscape of cannabis-related products.
Read more cannabis news on the TDR Website!
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