Legal cannabis is one of the few industries that continued to grow in 2020 despite the economic collapse triggered by COVID-19.
Denver is thriving and one of the strongest markets in the U.S. A new report from the City of Denver shows that cannabis sales hit a record $715 million in 2020, up 21% from record sales in 2019. That created tax revenue of $70 million for the city of Denver – a windfall for local politicians.
After getting off to a slow start, the California legal cannabis industry is thriving.
The latest evidence?
California just revealed that it collected $817 million in legal cannabis taxes in fiscal 2020-2021, up an eye-popping 55% from the previous year. Tax revenue for the fourth quarter totaled $212 million, topping the 3-month average since legalization rolled out. Continue reading “California Cannabis Stock on Sale by 45%”→
Second-quarter earnings season is almost over. The big winner? The U.S. cannabis industry.
Some of the largest U.S. cannabis companies just reported another quarter of incredible sales growth. In fact, I don’t know of any other sector that is growing this fast. Here is a list of the best reports.
Ascend Wellness (OTC: AAWH) revenue was up 236% from last year.
Curaleaf Holdings (OTC: CURLF) revenue was up 166% from last year.
Green Thumb Industries (OTC: GTBIF) revenue was up 85% from last year.
Harvest Health and Recreation (OTC: HRVSF) revenue was up 84% from last year.