Cannabis banking left out of omnibus (Newsletter: December 20, 2022)

MN gov: Legal marijuana “by May”; CA legal psychedelics bill refiled; Study: Legalized states have better cannabis public health outcomes Subscribe to receive Marijuana Moment’s newsletter in your inbox every weekday morning. It’s the best way to make sure you know which cannabis stories are shaping the day. Your support makes Marijuana Moment possible… Your good […]

Cannabis MSO earnings resilient through third quarter of 2022

U.S. cannabis multistate operators weathered a storm of challenging economic factors through the third quarter of 2022, with most reporting modest to significant year-over-year revenue gains. But only Chicago-based Green Thumb Industries reported a profit for that quarter, at $131 million. That’s a 506% increase from a year ago, when Green Thumb reported a $21.6 […]

Marijuana banking reform dead in Congress, industry stakeholders concede

(This is a developing story and will be updated.) The nation’s biggest marijuana industry voices begrudgingly acknowledged on Monday what Capitol Hill insiders believed for weeks was inevitable: Joe Biden’s first two years in office will end without federal marijuana  banking reform. The industry reached that conclusion after learning a must-pass omnibus spending package would […]

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