The New York tax collector should be excited about Governor Hochul’s projected $1.25B in cannabis tax revenue over the next six years. The state’s 2023 fiscal year budget includes $56M in anticipated revenue, 70% from license fees from businesses alone. Continue reading “NY Could See Over $1B in Cannabis Tax Revenue”
A recent study by Oregon State University (OSU) and Oregon Health and Science University uncovered two chemicals that may protect human cells from COVID-19 infections. These chemicals are found in live cannabis plants. Continue reading “Can Cannabis Help Fight COVID?”
Will 2022 be the breakout year for the cannabis industry? It’s hard to say as we start a new year, but there are some industry trends getting investors’ attention.
Top 10 Trends for 2022
1. M&A will march on.
2. Brands will grow across all sectors, including cultivation, retail, and infused products.
2021 was a year like no other for the cannabis industry. There was great hope that a new administration in the White House would usher in federal legalization. While that didn’t happen, cannabis sales still surged and five new states joined the legal cannabis market.
Germany is set to become the second European county to legalize cannabis. This game-changing comes after Malta’s recent legalization. Currently, purchasing cannabis is outlawed in Germany, but it’s not illegal to use cannabis under current German law.
Oregon isn’t playing around anymore when it comes to illegal cannabis growers. The Oregon Legislature has approved $25M through the “Illegal Marijuana Market Enforcement Grant Program” to shutdown growers operating outside state regulations. Continue reading “Oregon Is Investing in Illegal Grower Takedowns”
Montana is moving closer to the launch of its recreational program scheduled for January 1. While this state has a population of barely over 1 million, experts expect sales to exceed $300M in annual sales by 2025.
While the state expects many recreational users to be tourists, many businesses believe that weak cultivation and processing capacity could lead to a supply shortage, particularly for edible and vape products. Continue reading “Montana Moves Closer to Recreational Launch”
The cannabis sector isn’t immune to labor shortages. Companies in California are finding it challenging to place workers in customer-facing positions.
With a newly launched 170,000 square-foot cultivation and processing plant, 4Front Ventures (FFNTF) is looking to hire. Unfortunately, the company is reporting low applicant response rates and still has more than a dozen openings. Continue reading “Labor Shortage Hits Cannabis Sector”
Arizona voted to legalize recreational cannabis in November of 2020 and the market went live in February of 2021.
Since then, Arizona has quickly grown into one of the largest cannabis markets in the U.S. Recent data shows that recreational sales hit a new all-time high in October. Continue reading “Arizona to Top $1 Billion in Cannabis Sales in 2021”
If you’re looking for a growth stock that is priced like a value stock, then it’s time to check out my #1 cannabis stock for 2022.
- This early industry leader is one of the fastest-growing companies in the U.S.
- Third-quarter sales more than doubled from last year
- Shares are trading more than 50% below the 52-week high – a rare discount for a growth stock like this
With shares trading at a deep discount to sales growth, this stock is in position for a big rebound in 2022. That’s why this is my #1 cannabis stock for 2022. Continue reading “#1 Cannabis Stock for 2022”