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☆ Cannabis reclassification is 'a real milestone' for the industry," says Curaleaf's Boris Jordan
▼ + stars: | 2024-05-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCannabis reclassification is 'a real milestone' for the industry," says Curaleaf's Boris JordanBoris Jordan, co-founder and executive chairman of Curaleaf, joins 'Squawk on the Street' to discuss the significance of cannabis' reclassification, the federal tax code around cannabis, and much more.

Persons: Curaleaf's Boris Jordan Boris Jordan

☆ Marijuana set to become legal in Germany
▼ + stars: | 2024-03-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarijuana set to become legal in GermanyBoris Jordan, Curaleaf executive chairman, joins 'Fast Money' to discuss Germany partially legalizing marijuana in the country and how it'll be a catalyst to the company's stock.

Persons: Germany Boris Jordan Locations: Germany

☆ Cannabis entrepreneur rolls his fortune into real estate and sports deals
▼ + stars: | 2023-10-18 | by ( Robert Frank | ) www.cnbc.com time to read: +5 min

"A lot of professional athletes and musicians and entertainers love cannabis," Joseph said. Now, Big Plan is teaming up with cannabis retailer Silver Therapeutics to buy $35 million of marijuana-related commercial real estate in New England. Unlike most family offices, Big Plan didn't actually start with a big plan or mission. Sydni oversees business development and handles due diligence and screening for potential deals, while Sophie is president of the Joseph Family foundation. "My number one piece of advice for other family offices is get your kids involved," he said.

Persons: Josh Joseph, Joseph, CNBC's, South Joseph, He's, seltzer, we're, Josh, Tara, Sydni, Sophie, we've Organizations: Grassroots, Big, Holdings, Vegas, Broadway, Music City, NBA, Silver Therapeutics, University of Illinois Locations: Nashville, South, cannabidiol, Chicago, New England, Austin

In volatile trading, the U.S.-listed shares of several cannabis firms rose immediately after the Senate vote. Investors expected it to exit the banking committee. An earlier version of the bill, the SAFE Banking Act, had failed to secure a Senate vote despite being passed seven times by the U.S House of Representatives. As a result, legal cannabis companies are denied access to financial services. To get it through the Senate banking committee is a major achievement," Boris Jordan, billionaire founder of Curaleaf Holdings, said in an interview.

Persons: Chris Wattie, Jesse Redmond, Redmond, We've, it's, Boris Jordan, Jordan, Chibuike Oguh, Suzanne McGee, Michelle Price, Lance Tupper, Bill Berkrot Organizations: Canopy Growth Corporation, REUTERS, U.S, U.S . Senate, Aurora, Cronos, SNDL Inc, Curaleaf Holdings, Tilray, Cannabis ETF, Cannabis, Tower Research, Investors, SAFE, Thomson Locations: Smiths Falls , Ontario, Canada, U.S, New York, Bengaluru

☆ Curaleaf Executive Chairman: I think we're gonna get a positive bipartisan vote from the Senate
▼ + stars: | 2023-09-26 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCuraleaf Executive Chairman: I think we're gonna get a positive bipartisan vote from the SenateBoris Jordan, Curaleaf executive chairman, joins 'Fast Money' to talk tomorrow's vote on the senate banking committee concerning cannabis companies banking privileges.

Persons: Boris Jordan

☆ Pot firms surge as US move to ease curbs sparks hopes of legalization
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +2 min

Shares of cannabis firms Cronos Group (CRON.TO), OrganiGram Holdings (OGI.TO), Aurora Cannabis (ACB.TO), Canopy Growth (WEED.TO) jumped between 6% and 25%. Verano Holdings (VRNO.CD), Green Thumb Industries (GTII.CD), Cresco Labs (CL.CD) and Curaleaf Holdings (CURA.CD) and Goodness Growth (GDNS.CD) rose between 15% and 37%. "Certainly moving cannabis off of Schedule 1 is the right decision and long overdue. The firm held investments in cannabis retailer and producer Green Thumb, and cannabis data platform Flowhub, according to its website. Reporting by Arunima Kumar in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

Persons: cagey, Ty Collin, Patrick Rea, Green, Arunima Kumar, Sriraj Organizations: Cronos Group, OrganiGram Holdings, Verano Holdings, Green Thumb Industries, Cresco Labs, Curaleaf Holdings, Cannabis ETF, U.S . Department of Health, Human Services, Drug Enforcement Agency, Banking, Poseidon Garden Ventures, Thomson Locations: U.S, Aurora, Bengaluru

NEW YORK, July 6 (Reuters) - Cronos Group Inc (CRON.TO), the Canadian cannabis producer backed by cigarette maker Altria Group Inc (MO.N), confirmed on Thursday it is in talks with potential buyers to explore a sale of the company, after Reuters reported on the talks. In a statement, Cronos said it "is in the initial stages of reviewing these indications of interest." The future of the cannabis industry is uncertain as more favorable regulatory regimes in North America have fueled fierce competition among more companies. For the first quarter, Cronos posted a net loss of $19.3 million, compared with a loss of $32.7 million a year ago. Cronos has total cash, including short-term investments, of about $836.43 million, according to its first-quarter report.

Persons: Cronos, Curaleaf, Altria, Joe Biden's, Anirban Sen, Abigail Summerville, Leslie Adler, Richard Chang, David Gregorio Our Organizations: YORK, Cronos, Altria, Reuters, Curaleaf Holdings, U.S, Thomson Locations: U.S, Toronto, North America, Cronos, New York

NEW YORK, July 6 (Reuters) - Cronos Group Inc (CRON.TO), the Canadian cannabis producer backed by cigarette maker Altria Group Inc (MO.N), is exploring options that include a potential sale after attracting acquisition interest, people familiar with the matter said. Shares of Cronos jumped as much as 25% in Toronto on the news, giving the company a market value of C$1.03 billion ($771.13 million). For the first quarter, Cronos posted a net loss of $19.3 million, compared with a loss of $32.7 million a year ago. Cronos has total cash, including short-term investments, of about $836.43 million, according to its first-quarter report. Altria, which holds a 41% stake in Cronos, invested $1.8 billion in the company in 2019.

Persons: Altria, Cronos, Joe Biden's, Anirban Sen, Abigail Summerville, Leslie Adler, Richard Chang Organizations: YORK, Cronos, Altria, Curaleaf Holdings, U.S, Thomson Locations: Toronto, U.S, North America, Cronos, New York

☆ Lawmakers reintroduce SAFE Banking Act, a bill the cannabis industry hails as a lifeline
▼ + stars: | 2023-04-27 | by ( Stefan Sykes | ) www.cnbc.com time to read: +3 min

Aaron Smith, chief executive officer of the National Cannabis Industry Association, speaks during a news conference on the Safe Banking Act outside the US Capitol in Washington, D.C., US, on Wednesday, Sept. 14, 2022. A group of bipartisan lawmakers reintroduced the Secure and Fair Enforcement (SAFE) Banking Act in the House and Senate on Wednesday, after the legislation designed to free up banking services for the cannabis industry stalled in last year's Congress. "For the first time, we have a path for SAFE Banking to move through the Senate Banking Committee and get a vote on the floor of the Senate," Merkley said in a statement. The bipartisan nature of the SAFE Banking Act's reintroduction appeared to boost hopes of more relief to come in the industry. It is past time that Congress addresses the irrational, unfair, and unsafe prohibition of basic banking services to state-legal cannabis businesses," said Blumenauer, founder and co-chair of the Congressional Cannabis Caucus.

REUTERS/Nadja Wohlleben/File PhotoApril 20 (Reuters) - From cannabis-infused flowers to edible weed gummies, marijuana companies are pulling out all the stops as they eye bumper sales on April 20 - a day referred to as "4/20" in weed culture. Industry insiders expect highest single-day sales ever for the cannabis sector on Thursday even as the industry faces increased scrutiny from lawmakers in the United States. 4/20, derived from a trope for smoking marijuana, typically sees cannabis companies such as High Tide, Canopy Growth (WEED.TO), and Trulieve Cannabis Corp (TRUL.CD) amp up promotions, throwing in exclusive deals and discounts to lure customers. Wholesale cannabis platform Leaflink expects sales of infused flowers and pre-rolled joints to jump 500%-1,000% compared to 2022. According to seasonality data from cannabis data firm BDSA, cannabis retailers see more sales on Thursdays than on Wednesdays and Tuesdays.

☆ Twitter becomes first social media platform to allow cannabis ads in U.S.
▼ + stars: | 2023-02-15 | by ( Mrinalika Roy | ) www.reuters.com time to read: +2 min

REUTERS/Brendan McDermid//File PhotoFeb 15 (Reuters) - Twitter on Wednesday became the first social media platform to allow cannabis companies to market their brands and products in the United States. The company had earlier only allowed advertising for hemp-derived CBD topical products, while other social media platforms including Facebook, Instagram and TikTok follow a "no cannabis advertising policy" as pot remains illegal at the federal level. However, more states in the United States are moving towards allowing the sale of recreational cannabis, with 21 already on board. "This is a pretty massive win for legal cannabis marketers," multistate cannabis and medical marijuana company Cresco Labs said. "This change speaks to the growing acceptance of cannabis as a mainstream wellness category, and we are hopeful it will serve as a catalyst for other social media platforms to follow suit," said Kate Lynch of Curaleaf, the biggest cannabis company operating in the United States.

☆ Cannabis giant Curaleaf cut about 220 jobs, then sent the workers it laid off a survey asking why they left
▼ + stars: | 2022-12-15 | by ( Jeremy Berke | ) www.businessinsider.com time to read: +2 min

Curaleaf cut about 220 staff members in November. The company sent laid-off employees an exit survey asking why they left. Curaleaf's cuts come as the cannabis industry falls on hard times. Here's what the email looks like:A screenshot of Curaleaf's exit survey sent to Insider. Jeremy Berke/ ScreenshotAnd here's the question:Curaleaf exit survey.

☆ Cannabis-tech firm Weedmaps is cutting up to 25% of its employees as the industry's downturn continues
▼ + stars: | 2022-12-06 | by ( Jeremy Berke | ) www.businessinsider.com time to read: +2 min

Cannabis tech firm Weedmaps is cutting up to 25% of employees, according to a filing. The company told Insider that the majority of the cuts were made last week. Weedmaps CEO Chris Beals stepped down on November 7 and Doug Francis, a Weedmaps cofounder, is running the company on an interim basis. Weedmaps lists cannabis shops on its site, allowing consumers to browse dispensaries and see reviews of marijuana products. Weedmaps is far from the only cannabis company to lay off employees in recent months.

☆ Cannabis giant Curaleaf just laid off over 200 employees as the industry's downturn deepens
▼ + stars: | 2022-11-30 | by ( Jeremy Berke | ) www.businessinsider.com time to read: +3 min

Curaleaf laid off staff in November, Insider has learned. In a statement to Insider, Curaleaf said the cuts were "a part of an effort to control costs and drive efficiencies in the face of economic uncertainties ahead." Darin, who took over the top job in May, said Curaleaf was in discussions with unionized employees at affected Curaleaf locations. From public giants to small startups, cannabis companies are falling on hard times. Like other industries, cannabis companies have been contending with broader trends like rising inflation.

☆ Purple pot wave ahead? Curaleaf exec sees strong bipartisan agreement
▼ + stars: | 2022-11-08 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPurple pot wave ahead? Curaleaf exec sees strong bipartisan agreementBoris Jordan, Curaleaf CEO, discusses earnings and the election. With CNBC's Melissa Lee and the Fast Money traders, Carter Worth, Dan Nathan, Guy Adami and Jeff Mills.

☆ A top Wall Street analyst says cannabis-banking reform is far more likely than many investors think. Here are the top 4 stocks he says to bet on.
▼ + stars: | 2022-10-05 | by ( Jeremy Berke | ) www.businessinsider.com time to read: +3 min

Cantor Fitzgerald's Pablo Zuanic says a cannabis banking bill may pass before the end of the year. Passage of the SAFE Banking Act would give cannabis stocks a much-needed boost. A long-awaited cannabis-banking bill may pass in the lame-duck session of Congress this year, a top Wall Street analyst says. The bipartisan SAFE Banking Act is a narrow cannabis reform bill that would allow companies that sell or cultivate THC to access the banking system. Cory Booker and Ron Wyden, have previously opposed the SAFE Act proceeding ahead of more comprehensive, criminal-justice-focused cannabis reform.

☆ How the founders of hot cannabis-beverage startup Cann quietly raised millions from big-name investors amid the industry's downturn
▼ + stars: | 2022-10-04 | by ( Jeremy Berke | ) www.businessinsider.com time to read: +7 min

Cann's cofounders shared their vision for competing with the biggest alcohol brands. Cann is InvestBev's first foray into cannabis beverages, Brian Rosen, an InvestBev partner, told Insider in an interview. He said his firm was looking to make an investment in cannabis beverages, and Cann stood out to him. The future of cannabis beverages will be challenging, founders sayTo be sure, cannabis beverages face challenges. Big alcohol brands have made their own bets on cannabis beverages, without much to show so far.

☆ Cannabis companies are reeling from the market downturn, and they're slashing jobs and reining in spending to survive
▼ + stars: | 2022-09-19 | by ( Jeremy Berke | ) www.businessinsider.com time to read: +5 min

Cannabis companies from startups to public giants are laying off employees as sales slow. The cannabis industry is in a full-on downturn. Cannabis companies also don't have access to much of the nuts-and-bolts of the banking system like their non-cannabis counterparts. Investment into cannabis companies has dried upThe spigot has slowed to a trickle on the once-plentiful venture-capital and private-equity firehose of investment into cannabis startups. Hauser said that capital for cannabis companies is only getting more expensive and more elusive.

☆ Cannabis tech startup Flowhub laid off about 15% of its employees this summer as legal marijuana sales falter
▼ + stars: | 2022-09-12 | by ( Jeremy Berke | ) www.businessinsider.com time to read: +2 min

Cannabis tech startup Flowhub laid off about 15% of its workforce in June and July. Layoffs have plagued cannabis and cannabis tech firms in recent weeks and months. Cannabis tech startup Flowhub has laid off about a dozen employees — or roughly 15% of its workforce, Insider has learned. The people told Insider the layoffs were a result of slowing legal cannabis sales in states like Colorado and California, the competitive environment for cannabis tech startups, and the challenging fundraising environment for tech startups more generally. And other cannabis companies, including Eaze, Weedmaps, and Curaleaf have laid off employees in recent weeks and months.

☆ Cannabis giant Curaleaf cut sales staff and will close a facility in Sacramento as troubles mount for California's pot industry
▼ + stars: | 2022-08-31 | by ( Jeremy Berke | ) www.businessinsider.com time to read: +2 min

Curaleaf is cutting about 50 jobs and will close a facility in Sacramento, Insider learned. The job cuts come as legal cannabis sales slow in California's competitive market. Curaleaf, which cultivates and sells cannabis in multiple US states, notified California sales staff of layoffs on August 9, and plans to shutter its Sacramento facility, the company told Insider. The sales staff were all working remotely, and the Sacramento facility will wind down operations by the end of the year, the company said. Earlier this month in New York, Curaleaf pulled thousands of cannabis products from medical dispensary shelves after a NY Cannabis Insider investigation found that the potency was mislabeled.

☆ The ultimate guide to cannabis legalization in New York: The key dates to know, and which stocks could benefit the most.
▼ + stars: | 2022-08-19 | by ( Yeji Jesse Lee | Jeremy Berke | ) www.businessinsider.com time to read: +8 min

In the Empire State, recreational marijuana sales could balloon to $7 billion once the market is fully established. The state's limited medical cannabis program has also seen expansion under the new adult-use bill. The list of qualifying medical conditions for medical cannabis was expanded, along with product options. The exceptions to this may be existing medical operators wishing to transition to adult-use and microbusinesses. Analysts say this makes sense as the industry matures and cannabis companies begin to think of themselves as consumer product companies.

☆ Cannabis companies are racing to cash in on New York's legal marijuana market, but illicit weed vans and galleries are posing a surprising threat
▼ + stars: | 2022-03-28 | by ( Yeji Jesse Lee | Jeremy Berke | ) www.businessinsider.com time to read: +5 min

These "gray market" sellers aren't paying taxes like regulated cannabis companies. On the streets of New York City, it feels as if the cannabis market is already in full swing. While cannabis is legal to possess and consume in New York, businesses need licenses to sell cannabis in the state. Unlicensed cannabis sales continue to compete with regulated cannabis companiesIn states and countries that have already legalized cannabis for recreational use, regulated cannabis companies have struggled to compete against their illicit counterparts. In Canada, which legalized cannabis in 2018, the rollout of the legal market was plagued by supply-chain issues and persistent illicit sales, as Insider reported.

☆ If you want to get paid a six-figure salary in the cannabis industry, these are the 9 companies you should work for
▼ + stars: | 2022-03-17 | by ( Jeremy Berke | Yeji Jesse Lee | ) www.businessinsider.com time to read: +3 min

Salaries are skyrocketing at the biggest cannabis companies, according to recruiting startup Vangst. These nine cannabis companies are offering six-figure salaries in multiple states. The cannabis industry is expected to add over 100,000 jobs in the US alone this year, according to Vangst. And if you want to land a six-figure job in the cannabis industry, Vangst has identified 18 roles where job seekers can make over $100,000 a year. Unlike in past years, more employers are looking for people with specific cannabis industry experience because the industry has now been legal for nearly a decade in some states, she said.

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