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Cuomo estimates $300 million in tax revenue from legalized marijuana

Gov. Andrew Cuomo says New York should legalize recreational marijuana for adults over 21, which he said would eventually rake in $300 million—starting with $83 million in 2021. The Democratic... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkJan 21st, 2019

Nokia first quarter in profit, revenues miss consensus

Nokia Oyj on Thursday reported a 2% fall in first-quarter revenue that missed analysts' estimates, as it took a hit of about 200 million euros to its topline largely because the COVID-19 pandemic disrupted supply in China......»»

Category: topSource: reutersApr 30th, 2020

Medical Marijuana, Inc. Reports 2019 Fourth Quarter and Year-End Financial and Operational Results: Net Revenue Surpasses $75 Million, Increasing 26% Year-Over-Year and Positive Adjusted EBITDA

SAN DIEGO, April 29, 2020 /PRNewswire/ -- Medical Marijuana, Inc. (OTC:MJNA) (the "Company"), the first-ever publicly traded cannabis company in the United States that launched the world's first-ever ca.....»»

Category: earningsSource: benzingaApr 29th, 2020

Snap Gets the Earnings Picture Right

After markets closed Tuesday, Snap reported a net loss of $0.08 per share and $462 million in revenue, compared with consensus estimates that called for a net loss of $0.07 per share and $431.43........»»

Category: blogSource: 247wallstApr 21st, 2020

Canadian cannabis company OrganiGram loss widens in latest quarter as revenue falls short of estimates

Canadian cannabis company OrganiGram Holdings Inc. said Tuesday it had a net loss of C$6.8 million ($4.9 million), or 41 cents a share, in its fiscal second quarter t.....»»

Category: topSource: marketwatchApr 14th, 2020

New York Gov. Cuomo says it"s "not likely" recreational marijuana will be legalized in New York"s budget this year as the coronavirus outbreak is the focus in Albany

Cry.....»»

Category: topSource: businessinsiderMar 31st, 2020

Verint shares fall after revenue miss

Verint Systems Inc. shares plunged 7.3% in the extended session Tuesday after the company reported fourth-quarter revenue below consensus estimates. The company reported fourth-quarter net income of $4.9 million, or 7 cents a sh.....»»

Category: topSource: marketwatchMar 31st, 2020

Historically Slow Month Nets 14.8% YoY Rise In Cannabis Retail Sales

Legalized marijuana sales in the five-largest markets reached a combined $574.1 million, a year-over-year increase of 15%. read more.....»»

Category: blogSource: benzingaMar 30th, 2020

Cannabis Watch: Cronos stock falls after earnings, restating several quarters of financial statements

Marijuana producer Cronos Group Inc. shares fell 2% in the extended session Monday after the company restated several quarters of results and reported revenue below the consensus estimates......»»

Category: topSource: marketwatchMar 30th, 2020

Micron shares rise 6% on revenue that beats Wall Street estimates

Micron Technology Inc. shares were up 6% in after-hours trading Wednesday after the chip maker reported fiscal second-quarter earnings that beat Wall Street revenue estimates. Micron reported net income of $405 million in the quarter, or 36 cents a.....»»

Category: topSource: marketwatchMar 25th, 2020

HyreCar shares flat on higher revenue, bigger loss

HyreCar Inc. shares were up 0.5% in after-hours trading Wednesday after the digital car-sharing service reported fiscal fourth-quarter earnings that beat Wall Street estimates. HyreCar reported a loss of $4.9 million in the quarter, or 40.....»»

Category: topSource: marketwatchMar 25th, 2020

Marijuana-retailer Curaleaf revenue tops estimates

Cannabis retailer Curaleaf Holdings Inc. reported revenue .....»»

Category: topSource: marketwatchMar 24th, 2020

Casper Sleep narrows loss in Q4 but revenue falls short of estimates

Casper Sleep Inc. said Thursday it has a net loss of $25.6 million in the fourth quarter, narrower than the $27.9 million loss posted in the year-earlier period. The company did not offer a per-share loss number for the quarter in its f.....»»

Category: topSource: marketwatchMar 19th, 2020

Adidas estimates coronavirus may slice $1 billion off revenue

Adidas AG forecast first-quarter sales in China will fall by 800 million euros to 1 billion euros ($908 million to $1.1 billion) because of the coronavirus and said that business is slowing in Japan and South Korea......»»

Category: dealsSource: nytMar 11th, 2020

Gaylord Rockies owner expects $40M revenue hit as coronavirus impacts travel nationwide

Nashville’s highest-profile tourism company estimates an approximate loss of $40 million in revenue due to the impact of COVID-19, also known as the coronavirus. Colin Reed, chairman and CEO of Ryman Hospitality Properties Inc. (NYSE: RHP), ann.....»»

Category: topSource: bizjournalsMar 10th, 2020

Okta shares rise 5% on strong revenue

Okta Inc. shares were up 5% in after-hours trading Thursday after the identity-management services company reported fourth-quarter earnings that beat Wall Street estimates. Okta reported a loss of $50.5 million in the quarter, or 42 c.....»»

Category: topSource: marketwatchMar 5th, 2020

Cannabis Watch: Tilray stock drops after revenue miss, $112 million impairment charge

Tilray Inc. shares dropped more than 8% in the extended session Monday after the weed company posted revenue that missed Wall Street estimates and a larger than expected loss......»»

Category: topSource: marketwatchMar 2nd, 2020

Cannabis Retail Sales Rise 13%, Hitting $589 Million In Legalized US Markets

Legalized marijuana sales in the five-largest markets rose 4% from November, reaching a combined $589.3 million, a 13% rise year-over-year. read more.....»»

Category: blogSource: benzingaFeb 28th, 2020

Marijuana generates $10M in taxes in first month in Illinois

Illinois collected more than $10 million in taxes on recreational marijuana sales in the first month. That's way more than what was estimated to be collected. The Illinois Department of Revenue reported recreational sales generated $7,332,058 in cann.....»»

Category: topSource: bizjournalsFeb 27th, 2020

Etsy shares soar 13% on jump in revenue, earnings

Etsy Inc. shares were up 13% in after-hours trading Wednesday after the online marketplace reported fourth-quarter earnings that beat Wall Street estimates. Etsy reported net income of $31.3 million, or 25 cents a share, in the quarter, compared w.....»»

Category: topSource: marketwatchFeb 26th, 2020

Cannabis Watch: GW Pharma"s marijuana-derived epilepsy drug sales continue to climb

GW Pharmaceuticals Inc. reported revenue that topped the consensus estimates Tuesday, as the company’s marijuana-derived epilepsy drug continue to grow......»»

Category: topSource: marketwatchFeb 25th, 2020