DIRS.INFO The most relevant business & tech news

But now, as Trump lines up against DeSantis in a battle over a high-profile ballot initiative to legalize marijuana in Florida, the governor’s old ally, Jeff Roe, is working against him. The relationship, however, soured after DeSantis’ presidential ambitions went up in flames. In June, a Fox News survey found that 66% of Florida voters were for marijuana legalization while just 32% were against it — and that came before Trump said he would support the marijuana initiative. So whenever you’re going against that much money, it’s obviously a tough fight.”Jeff Roe led Never Back Down, the main super PAC backing DeSantis' presidential primary bid. “It’s obviously a different opinion than [DeSantis] has.”Other prominent DeSantis supporters are also in potentially difficult political positions.

Persons: Ron DeSantis, Donald Trump, Jeff Roe, DeSantis, Roe, “, ”, Trump, ” Jeff Roe, hasn’t, Trump’s, Anthony Farhat, Ron, Jeff, Sen, Joe Gruters, ” Morgan Hill, Trulieve, Roe —, James Uthmeier, Uthmeier, Farhat, Tom Brady, Robert Kraft, Brady, ” Farhat, ” Matt Dixon, Allan Smith Organizations: Florida Gov, Trump, DeSantis, GOP, Republican, Fox News, PAC, Ballard Partners, Capital City Consulting, NBC News, Florida Republican Party, Republicans, Libertarians, Independents, Smart, New England Patriots, Patriots, Tampa Bay Buccaneers Locations: TALLAHASSEE, Fla, Florida, Tallahassee, New England, Tallahassee , Florida, New York

☆ Trulieve CEO Kim Rivers talks Q1 revenue beat and stock climb
▼ + stars: | 2024-05-10 | 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 EmailTrulieve CEO Kim Rivers talks Q1 revenue beat and stock climbKim Rivers, Trulieve CEO, joins 'Fast Money' to talk its Q1 results, an uptick in foot traffic, the future of legalization and more.

Persons: Kim Rivers

☆ Trulieve CEO Kim Rivers on Q4 earnings and cannabis adult use ballot in the U.S.
▼ + stars: | 2024-02-29 | 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 EmailTrulieve CEO Kim Rivers on Q4 earnings and cannabis adult use ballot in the U.S.Kim Rivers, Trulieve CEO, founder, and chairwoman, joins 'Fast Money' to talk quarterly results, cannabis on the ballot, consumer trends and more.

Persons: Kim Rivers Locations: U.S

☆ Trulieve CEO on earnings, state of legalization
▼ + stars: | 2023-11-10 | 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 EmailTrulieve CEO on earnings, state of legalizationKim Rivers, Trulieve CEO, joins 'Fast Money' to talk the stock's stellar performance in November, legalization progress, quarterly results and more.

Persons: Kim Rivers

REUTERS/Erica Dischino/ File Photo Acquire Licensing RightsSept 27 (Reuters) - A U.S. Senate committee on Wednesday voted to advance a marijuana banking bill, raising hopes for the cash-dependent cannabis sector to get access to regular banking services. The Secure and Fair Enforcement Regulation Banking Act (SAFER) bill, introduced by a bipartisan group of senators last week, will now move to the Senate floor. Shares of SNDL (SNDL.O), Trulieve Cannabis (TRUL.CD), Cronos Group (CRON.TO), rose between 1% and 3% following the vote. An earlier version of the bill, the SAFE Banking Act, had failed to secure a Senate vote despite the House of Representatives passing it seven times. "Realizing this first vote out of the Senate signals strong bipartisan support from both chambers of Congress," said Trulieve CEO Kim Rivers.

Persons: Erica Dischino, Kim Rivers, Arunima Kumar, Sourasis Bose, Sriraj Organizations: Red, REUTERS, U.S, Cronos, Cannabis ETF, Holdings, SAFE, U.S . Department of Health, Human Services, Drug Enforcement Agency, Thomson Locations: Red Lake, Red Lake , Minnesota, U.S, Bengaluru

☆ Energy stocks push TSX higher, Nuvei slumps after qtrly profit drops
▼ + stars: | 2023-08-09 | by ( Siddarth S | ) www.reuters.com time to read: +1 min

The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. REUTERS/Chris Helgren/File PhotoAug 9 (Reuters) - Canada's main stock index rose on Wednesday, driven by gains in energy stocks as oil prices rose on supply tightness, while Nuvei Corp shares slumped after the payments firm's quarterly profit more than halved. ET (1406 GMT), the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) was up 90.42 points, or 0.45%, at 20,296.4. Heavily weighted energy stocks (.SPTTEN) climbed 1.3% as oil touched new highs on supply tightness due to output cuts by Saudi Arabia and Russia. The value of Canadian building permits rose by 6.1% in June from May, data showed.

Persons: Chris Helgren, Brian Madden, Siddarth, Pooja Desai Organizations: Toronto Stock Exchange, REUTERS, Nuvei Corp, Toronto Stock, Investment, Cannabis, Manulife, Thomson Locations: Toronto , Ontario, Canada, Saudi Arabia, Russia, China, Bengaluru

☆ Trulieve Cannabis misses revenue estimates on weak demand
▼ + stars: | 2023-05-10 | by ( ) www.reuters.com time to read: +1 min

May 10 (Reuters) - Trulieve Cannabis Corp (TRUL.CD) posted a bigger-than-expected fall in first-quarter revenue on Wednesday, as demand for pot and related products weakened amid rising recession fears. Recent banking failures and interest rate hikes have raised fears of the U.S. economy tipping into recession, prompting many customers to cut back on spending, especially on recreational products including cannabis. Pot producers are also struggling with lower pricing, increased competition and higher input costs, amid a lack of access to capital and the banking system. "The company experienced increased competition and promotional activity in certain markets, including Florida, Pennsylvania and Massachusetts," Trulieve Cannabis said in a filing. Revenue fell 9% to $289 million, missing analysts' average expectations of $293 million, according to Refinitiv data.

☆ 'We're seeing wallet pressure across the country' despite strong demand, says Trulieve CEO Kim Rivers
▼ + stars: | 2023-05-10 | 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 Email'We're seeing wallet pressure across the country' despite strong demand, says Trulieve CEO Kim RiversTrulieve CEO Kim Rivers joins 'Fast Money' to discuss quarterly earnings, the state of the U.S. cannabis market, and the legislation on cannabis banking sitting in the Senate.

☆ These states might be the next to legalize weed
▼ + stars: | 2023-05-07 | by ( Stefan Sykes | ) www.cnbc.com time to read: +7 min

The state became the 22nd to legalize recreational marijuana and follows Missouri and Maryland, which did so earlier this year. Some states are even moving ahead with proposals or ballot measures to legalize weed, putting them within arms' reach of having recreational markets. These are the states that have a chance to legalize adult-use marijuana in the coming years. OhioOhio may vote on whether to legalize recreational marijuana in November. Haren said the proposal also plans to build upon Ohio's medical marijuana program and issue additional adult use licenses to new companies.

☆ 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.

☆ Trulieve CEO talks earnings
▼ + stars: | 2023-03-08 | 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 EmailTrulieve CEO talks earningsKim Rivers, Trulieve CEO, discusses the company's earnings. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Dan Nathan and Guy Adami.

☆ 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.

☆ Biden's surprise move to reclassify cannabis could supercharge legal weed — but it also carries big risks for companies and investors
▼ + stars: | 2022-10-07 | by ( Jeremy Berke | ) www.businessinsider.com time to read: +7 min

He announced pardons for federal cannabis possession and ordered a review of how cannabis is scheduled. While Biden's announcement stopped far short of decriminalization, he outlined three key steps:He's pardoning people federally convicted of simple cannabis possession. Biden's announcement signals that his administration — quiet on cannabis until now — will finally push for federal cannabis reform. Stifel analyst Andrew Partheniou called Biden's announcement "the most important development in US cannabis history," in a Friday morning note. If the government decides to regulate cannabis like a pharmaceutical, that could undermine the recreational cannabis industry as it currently stands.

☆ 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.

☆ 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.

☆ We found at least 25 ex-Gaetz staffers who don't mention the congressman by name on their LinkedIn page
▼ + stars: | 2021-06-20 | by ( Robin Bravender | ) www.businessinsider.com time to read: +9 min

Gaetz's name is absent from McFaul's LinkedIn page, too, where he describes his duties during that time working as a chief of staff for an unnamed "congressman." At least 25 of Gaetz's former congressional staffers don't mention the Republican congressman by name on their LinkedIn pages, according to an Insider analysis. McFaul declined to comment about why Gaetz's name wasn't on his LinkedIn page or his Ballard bio page. She also worked for Miller, Gaetz's congressional predecessor, but doesn't name him on her LinkedIn page, either. Drew Angerer/Getty Images'Riding the wave'Some current and former Gaetz staffers continue to publicize their work for the congressman.

Search resuls for: "Trulieve"

18 mentions found