Profitability For Canopy And Cronos Is Elusive, Plus Cannabis Headwinds In 2023
This was another challenging year for the legal cannabis industry.
‘New Jersey Adult-Use Marijuana Sales Jumped In Latest Quarter, Topping $100 Million For First Time, State Reports’ -Marijuana Moment
https://www.marijuanamoment.net/new-jersey-adult-use-marijuana-sales-jumped-in-latest-quarter-topping-100-million-for-first-time-state-reports/
‘Key Senate Chairman Signals Marijuana Banking Will Wait Until 2023, Says There’s ‘Interest In The Republican House” -Marijuana Moment Report
https://www.marijuanamoment.net/key-senate-chairman-signals-marijuana-banking-will-wait-until-2023-says-theres-interest-in-the-republican-house/
‘New York Governor Signs Bill Encouraging Businesses To Use Hemp For Construction, Packaging And Other Purposes’ – MarijuanaMoment
https://www.marijuanamoment.net/new-york-governor-signs-bill-encouraging-businesses-to-use-hemp-for-construction-packaging-and-other-purposes/
As New York prepares for the imminent launch of legal adult-use marijuana
‘House Marijuana Banking Sponsor And Key Senator Keep Up Fight, While GOP Whip Tempers Expectations And Clock Ticks Down’ – MarijuanaMoment
https://www.marijuanamoment.net/house-marijuana-banking-sponsor-and-key-senator-keep-up-fight-while-gop-whip-tempers-expectations-and-clock-ticks-down/
As the clock keeps ticking during the final weeks of
Another Financial Giant Will Stop Supporting Cannabis Stocks
Starting January 2023, Euroclear will reportedly no longer support trades of cannabis stocks.
One of the world's largest financial clearing houses collaborating with the majority of the 50 largest banks worldwide, informed investors about its decision last week, reported BusinessCann.
“USDA Delays Enforcement Of Rule Requiring Hemp To Be Tested By DEA-Registered Labs Due To ‘Inadequate’ Capacity” – MarijuanaMoment
https://www.marijuanamoment.net/usda-delays-enforcement-of-rule-requiring-hemp-to-be-tested-by-dea-registered-labs-due-to-inadequate-capacity/
The U.S. Department of Agriculture (USDA) is delaying enforcement of a rule
‘Recreational Cannabis Sales Can Begin in Conn. on Jan. 10’ -NBC4 New York
https://www.nbcnewyork.com/news/national-international/cannabis-sales-for-adult-use-can-begin-on-jan-10-officials/3990385/?_osource=SocialFlowTwt_NYBrand