From an estimated $150 billion of spending in 2024, the category is expected to mushroom up to roughly $200 billion by 2030, according to estimates from Bloomberg Intelligence.
A reality check around regulatory challenges facing the cannabis sector has taken hold among some of the leading financiers in the industry, as optimism around the promise of a legal market has faded.
JPMorgan Chase & Co. and Wells Fargo & Co. kick off third-quarter earnings season this coming Friday, as Wall Street looks for fresh clues on how lower interest rates may boost profits for big U.S. banks.
StandardAero generated a 29% gain in its stock-market debut on Wednesday in a strong showing from the private-equity-backed jet-engine repair and maintenance business.
Cannabis is playing a bigger role in the U.S. presidential race than in any past campaign, with Vice President Kamala Harris reaffirming support for legalization this week.
Trump Media & Technology Group Corp.’s stock rose Monday to bring its total gain for the past week up to nearly 30%, but it still remains in negative territory for September as the month ends.
Trump Media co-founder Andrew Litinsky now owns only 100 shares through United Atlantic Ventures — an investment vehicle for one of the company’s founders.
Las Vegas Sands owns five casinos in Macau, China, which generated $1.75 billion out of a total of $2.76 billion of the company’s second-quarter revenue.