Cresco Labs to Acquire Tryke Including the Reef Dispensary Portfolio

Tryke generated US$70.4 million in Revenue and US$24.6 million in EBITDA in fiscal 20181, making it one of the highest grossing and most profitable private cannabis companies in the U.S. market.

Nevada is one of the largest and fastest growing cannabis markets in the U.S. with 2019 sales estimates of up to US$940 million2; Arizona is one of the largest and fastest growing medical-only markets with estimated 2019 sales of up to US$760 million. Continue reading “Cresco Labs to Acquire Tryke Including the Reef Dispensary Portfolio”

Clearing NJ Marijuana Convictions Stalls Again

Those hoping to have their marijuana convictions cleared will have to keep waiting.

The state Senate did not vote on Gov. Phil Murphy’s changes to its expungement legislation on Thursday but instead introduced a new bill of its own.

Senators Sandra Cunningham, D-Hudson, and Teresa Ruiz, D-Essex, along with Senate President Stephen Sweeney announced Thursday afternoon they had introduced new legislation to expand expungement. It proposes reforms to expungement eligibility and procedures for clearing marijuana and other qualified offenses. Continue reading “Clearing NJ Marijuana Convictions Stalls Again”

Investing in Marijuana – Back to the Basics

The outlook for the US cannabis industry has never looked better. A recent report from Nielson, an industry-leading research firm, predicts enormous sales growth in the next five years.

In 2018, we estimate that total sales of all legalized cannabis in the U.S. reached $8 billion. With newer recreational markets such as Michigan and Illinois opening up for business in 2020 and more states likely to follow suit, we predict that sales of all legalized cannabis in the U.S. will reach $41 billion by 2025.

Continue reading “Investing in Marijuana – Back to the Basics”

Tech Stock Up 160% in 12 Months for Taking Canada’s Cannabis Industry Online

Canadian cannabis companies are investing millions to develop e-commerce stores that will eventually help them sell billions in cannabis products in Canada and all across the world.

However, developing and managing a global e-commerce platform isn’t exactly the easiest thing to do. It has taken Amazon more than 20 years to develop into a world-class e-commerce company. Continue reading “Tech Stock Up 160% in 12 Months for Taking Canada’s Cannabis Industry Online”

Quick and Easy Way to Diversify Cannabis Investing

2019 has been a volatile year for the cannabis sector. After delivering big gains early in the year, cannabis stocks fell into a bear market this summer.

Bear markets are actually pretty normal for the cannabis sector. Cannabis stocks have experienced and recovered from bear markets in each of the last three years. Continue reading “Quick and Easy Way to Diversify Cannabis Investing”