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The Week In Cannabis: PA, MD, Big Tobacco, GTI, Sundial, MedMen, Earnings, Financings And More


Cannabis stocks traded mostly in the green this week, as we got into earnings season.
“While there were a lot of companies reporting earnings, like Turning Point Brands who gave guidance of $422 million for 2021, I thought the biggest piece of data came from Pennsylvania
,” Debra Borchardt, editor-in-chief of Green Market Report, told Benzinga. “The state reported that in one year it had sold over $900 million in medical marijuana. This demonstrates the demand for cannabis in this state and bodes well for any future adult-use legalization. This is also a big number when one considers that the program has only just gotten underway.” ....

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SPONSORED: Pandemic Shifts Toward Contactless Engagement


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As COVID-19 cases, hospitalizations and deaths continue to soar in the United States, consumers have become increasingly concerned about touching publicly shared surfaces and devices while shopping or dining out. This has resulted in many retailers and restaurants discouraging the exchange of cash and credit/debit cards. Business owners are adopting safer alternatives such as contactless and digital wallet payments at point-of-sale checkout terminals and checkout counters at a growing rate.
Before the COVID-19 pandemic crisis introduced consumers to social distancing and a “new normal,” touchless transactions were already gaining ground as a preferred method of payment. The pandemic sped up contactless transaction volume growth at essential merchants like restaurants, grocery stores, warehouse clubs, convenience stores and pharmacies. All signs indicate this growth will last well beyond the COVID-19 crisis. In a February 2020 report from J ....

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