THE CANNABIST CO HLDG

Cannabis companies and legalization advocates are applauding President Joe Biden's Thursday announcement that formalizes the rescheduling process that will finally move cannabis from the DEA's Schedule I to Schedule III. "This change represents a major leap forward and an opportunity to correct a long-standing wrong which has disproportionally impacted marginalized communities, inhibited research, and restrained the responsible growth of the U.S. cannabis industry," said David Klein, CEO of Canopy Growth (NASDAQ:CGC). “In addition to setting an important precedent and paving the way for additional reform including full legalization, rescheduling is especially significant as it provides an immediate and significant improvement to the cashflow of all state-legal cannabis businesses including those within Canopy USA." Kim Rivers, CEO of Trulieve (OTCQX:TCNNF), didn’t hold back. “Today is historic!” she said. "Today is historic! Cannabis is moving to schedule III. We applaud the President and his administration for making federal cannabis reform a priority." – CEO @rivers_kim pic.twitter.com/afZV4smOby — Trulieve (@Trulieve) May 16, 2024 The transformative news for the cannabis market comes ahead of Benzinga’s Cannabis Capital Conference, which returns to Chicago Oct. 8-9.  David Hart, CEO of The Cannabist Company (OTC:CBSTF), one of the largest ...Full story available on Benzinga.com

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This 4/20 cannabis retailers anticipate record-breaking sales fueled by last year's +130% spike and the fortunate alignment of this year's celebration falling on a Saturday. As dispensaries gear up for the influx of customers, all eyes are on the leading brands and cannabis companies poised to dominate the market. But, which cannabis companies are strategically positioned to capitalize on the anticipated surge in demand for cannabis products on 4/20? And, what brands are leading in sales across different product categories and states? Brand Dominance In The East And Midwest A sector analysis by Pablo Zuanic of Zuanic & Associates sheds light on the evolving landscape of the cannabis industry, particularly in Eastern states. Notable brands like MariMed's Betty’s Eddies (OTC: MRMD) and Cresco's High Supply (OTC: CRLBF) have emerged as frontrunners in key segments across Massachusetts, Maryland, and Michigan. In Illinois, Cresco's High Supply leads the flower category with a 13.2% market share, showcasing a competitive market with diverse pricing strategies. Massachusetts sees Ascend Wellness's Simply Herb (OTC: AAWH) and Cresco's High Supply as leading brands in the flower segment, with a significant decrease in average ...Full story available on Benzinga.com

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