Governor Kathy Hochul believes that New York will rake in $1.25B in tax revenue from legal cannabis sales over the next six years. These funds are slated to support economic and social recovery projects.
In a $413 million stock deal, Verano (VRNOF/VRNO) will acquire Goodness Growth Holdings, Inc. (GDNSF/GDNS) and take over their active operations. Goodness’ portfolio includes 18 dispensaries, five cultivation and processing facilities, and a research and development facility. Verano will obtain…
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.
Ayr Wellness (AYRWF) is making a name for itself on the East Coast. As of Q3 2021, this vertically integrated operator had 67 dispensaries in their name, 44 of which were in Florida alone. The company has a presence in Massachusetts,…
Investors searching for a catalyst to pull cannabis stocks out of this 7-month bear market should look to New York. New York Governor Andrew Cuomo’s recent resignation could be a solid catalyst for the U.S. cannabis industry. New York voted…
A new cannabis IPO is coming down the pike. This company is about to go public and it presents a big opportunity for investors. Not only is this company one of the largest in the U.S., but the company also…
Mergers and acquisitions (M&A) continue to heat up in the cannabis sector. This is a trend that investors need to know about because it’s creating an opportunity to pick up a quick gain. The latest evidence? Harvest Health and Recreation…
New York Governor Andrew Cuomo just revealed that the empire state is close to legalizing recreational cannabis. Analysts were expecting New York to go legal in 2021 – but after Cuomo’s revelations, it looks like it’s going to happen sooner…
