Welcome to Cannabis News Today, your destination for the latest in cannabis industry stocks and regulations.
Marijuana Company Appeals Against Federal Prohibition Order
Cannabis companies including Verano Holdings and Canna Provisions are appealing a federal court ruling that upheld state-regulated cannabis operations. Plaintiffs argue that federal intervention overreaches state sovereignty, especially when activities are confined to state borders. For more information, please visit the TDR website.
Preparing for Cannabis Earnings Season: Understanding EBITDA Margins
Cannabis MSOs have seen improved EBITDA margins over the past year, indicating lower-risk operations and increasing profitability. EBITDA margin measures a company's earnings before interest, taxes, depreciation, and amortization as a percentage of total revenue, giving a clear picture of operating profitability. Comparing year-over-year and industry benchmarks, U.S. MSOs improved their average EBITDA margins from 9.1% to 10.7%, suggesting improved cost control and efficiency. For more information, please visit the TDR website.
Global medical cannabis market soars
According to Straits Research's latest report, the global medical cannabis market is projected to reach USD 77.13 billion by 2032 at a CAGR of 18.24%. This growth is due to increased consumer awareness and expanding medical applications for conditions such as chronic pain and mental disorders.
Whoopi Goldberg launches new cannabis brand
Whoopi Goldberg has announced a new cannabis brand, Emma & Clyde, in collaboration with Maya Elizabeth. The venture follows previous successful partnerships in the cannabis industry and aims to provide high quality and accessible cannabis products.
Papa's Herb Makes Canadian Cannabis History
Following Alberta's latest regulations, Papa's Herb has partnered with Calgary's Chinook Cannabis to become the first disposable e-cig brand to be legally sold at music festivals in Canada.
Canadian cannabis oil labels found to be inconsistent
A recent study first reported in MJ BIZ reveals significant discrepancies in Canadian cannabis oil labeling, raising concerns about product consistency and consumer transparency. This finding suggests that stricter regulatory oversight is needed to provide accurate information to consumers.
North Carolina begins limited recreational marijuana sales
The Eastern Band of Cherokee Indians (EBCI) in North Carolina began selling recreational marijuana to tribal members on tribal lands on Independence Day.
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