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Cresco Labs Inc. Promotes Greg Butler to the Position of President

Cresco Labs Inc. announce the promotion of Greg Butler to the position of President. In this role, Butler will oversee all aspects of Cresco Labs operations, including production, retail operations,. ....

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Curaleaf, Truelive, Verano could benefit from marijuana reclassification

Alliance Global Partners says cannabis businesses will get a boost, while a Bernstein analyst hikes price targets for Canadian names. ....

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Ohio GOP Lawmakers Say Adult-Use Cannabis Sales Rules Could Be Ready In Spring, Promise 'Real Progress' - Cresco Labs (OTC:CRLBF), Colgate-Palmolive (NYSE:CL)

Although Ohio voted in favor of legalizing recreational cannabis over two months ago, marijuana sales have yet to commence. This is because there have not been any rules defined regarding the legal sales of the recreational drug. According to Speaker of the Ohio House, Jason Stephens, he is working towards achieving a resolution on this issue in the spring. The Senate President, Matt Huffman, is also optimistic that the groups will reach a resolution on this matter within the next month. Several competing bills have been put forward, with both House Bill 86 and House Bill 354 looking to address the issue. ....

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Record-Breaking Cannabis Sales In Ohio Mask Stagnating Growth Rate: What's Behind The Numbers? - Cresco Labs (OTC:CRLBF), Colgate-Palmolive (NYSE:CL)

Sales of medical cannabis in Ohio reached a new record high in 2023, with $484.4 million worth of products sold, but the growth rate of sales has been in decline, increasing by only 1.2% compared to the previous year. ....

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Cannabis Stocks And ETFs Trading Higher As Government Recommendations Ignite Hope For Industry - Aurora Cannabis (NASDAQ:ACB), Cannabist Holdings (OTC:CBSTF)

Cannabis stocks and ETFs opened higher on Tuesday following the release of documents related to the Department of Health and Human Service's (HHS) review of cannabis. Investors are optimistic about potential regulatory changes that could benefit the cannabis industry after the US government released 252 pages of documents confirming the HHS's recommendation that the DEA reschedule cannabis as Schedule III under the Controlled Substances Act. The documents state that cannabis has a currently accepted medical use in treatment and potential for abuse less than drugs in Schedules I and II. In August, the Assistant Secretary for Health wrote a letter to the DEA calling for marijuana to be reclassified. The Secretary of HHS has confirmed that his department shared a comprehensive scientific review with the DEA in response to President Joe Biden's scheduling directive. ....

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