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U.S Marijuana Market: The Grass Is Getting Greener Projected Growth of U.S. recreational and medical marijuana sales (billiom U.S. dollars)
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January 29, 2021
Weedmaps, a marijuana advertising company, has said recently that it aims to see 175% revenue growth via higher ad prices and a wider footprint. The California-based company is hoping to increase its revenue over the next three years. Silver Spike Acquisition Corp., the company who has purchased Weedmaps last year,...
December 17, 2020
Marijuana cannabis producer Aurora Cannabis has laid off a little over 200 workers in an effort to reduce its production at its flagship cannabis greenhouse in Edmonton, Alberta, Canada. According to Marijuana Business Daily, the company has reduced production at its Aurora Sky facility to a quarter of its capacity....
December 8, 2020
Verano Holdings LLC, a U.S. multi-state cannabis operator is aiming to go public before the year ends with a staggering valuation of nearly $3 billion. Verano was founded in 2014 and operates its cannabis business in 14 states with 1,600 employees, 46 retail locations, and eight production facilities. BNN Bloomberg...
December 4, 2020
Multistate cannabis operator Acreage Holdings announced this week that it has agreed to a $12 million construction loan to complete the expansion of its cultivation and processing facility in the Illinois market. The company financed with the Pelorus Fund, a cannabis-focused real estate investment trust, and carries an annual interest...
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