New Cannabis Ventures

SAFER Banking Would Be Nice But Not Necessary
Thu 8:50am By Alan Brochstein, CFA
You’re reading this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers stay ahead of the curve as well as links to the week’s most…

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Cannabis Company GTI Borrows From Valley National Bank
Thu 7:23am By NCV Newswire
Green Thumb Industries Refinances its Senior Debt Via Syndicated Credit Facility Closes $150 million 5-year credit facility at an industry-leading interest rate of SOFR +5.00% Utilizes proceeds to retire existing senior secured debt, due April 30, 2025…

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Michigan Cannabis Sales Rise to a Record $295 Million
Wed 3:55pm By Alan Brochstein, CFA
Michigan cannabis sales for August rose sequentially 2.7% from July. At $295.4 million, sales were up 6.9% from a year earlier to a new record level: The Michigan Cannabis Regulatory Agency breaks out sales by medical and adult-use, with medical sales…

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Florida Medical Patient Growth Slows Again
Sat 6:39pm By Alan Brochstein, CFA
Each week, Florida’s Office of Medical Marijuana Use (OMMU), which is part of the state’s Department of Health, releases data on the state’s medical cannabis program, including an active patient count, a qualified physician count, new approvals and an…

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Cannabis Sales Growth Remained Challenged
Sep 5, 2024, 3:28 pm By NCV Newswire
New Cannabis Ventures offers readers this easy-to-read exclusive summary of BDSA’s monthly cannabis sales data for 15 states. Cannabis sales increased 2.9% sequentially in August, boosted by one state going legal for adult-use. In this review, we share the…

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Making Money in Cannabis Stocks
Sep 5, 2024, 8:19 am By Alan Brochstein, CFA
You’re reading this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers stay ahead of the curve as well as links to the week’s most…

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Ancillary Cannabis Stocks Perform Best Again
Aug 30, 2024, 5:31 pm By Alan Brochstein, CFA
As we described in a previous article, the Global Cannabis Stock Index moved lower in August, falling 7.5%. It is now up 4.1% in 2024. In this article, we summarize the performance of the other managed indices that New Cannabis Ventures offers to its…

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August Hurts the Global Cannabis Stock Index
Aug 30, 2024, 4:17 pm By Alan Brochstein, CFA
Cannabis stocks, as measured by the Global Cannabis Stock Index, passed the anniversary a year go when they exploded higher in late August on news that the Department of Health and Human Services had recommended to the DEA that it move cannabis from…

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Cannabis Industry Opportunity or Threat
Aug 29, 2024, 8:20 am By Alan Brochstein, CFA
You’re reading this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers stay ahead of the curve as well as links to the week’s most…

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Canadian Cannabis Sales Growth Plunges
Aug 23, 2024, 8:42 am By Alan Brochstein, CFA
Statistics Canada released June retail sales for the country, with cannabis sales decreasing from the May levels, down 2.8% to C$402.0 million. On a per-day basis, sales sales increased 0.4%. May, originally reported at C$434.5 million, was revised much…

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