Summary
Congressional hemp restrictions threaten $28 billion industry, sending companies scrambling
The congressional funding bill included a THC cap that effectively bans most hemp products, a move industry leaders say threatens the $28 billion market. More than 300,000 jobs are at risk, with economic impacts expected in states with large hemp sectors, including Kentucky, Texas and Utah, industry experts said.
Bitcoin, Ethereum, XRP, Cronos Gain. 2 Ways Trump Is Boosting Cryptos.
Bitcoin, Ethereum and other cryptocurrencies were reacting to hopes of interest-rate cuts while President Donald Trump's family is backing smaller crypto Cronos.
Cronos Rallies Amidst Greater Cannabis Sector Rally Over Possible Rescheduling
Cannabis stocks rallied today over news of possible rescheduling by the Trump administration. Even though Cronos Group Inc. does not have a U.S. entry strategy, its stock price was up 15% on the news. Cronos reported improved financial performance last Thursday with higher revenues and improved international sales.
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Cronos Group Inc. Profile
| Specialty Retail Industry | Consumer Discretionary Sector | Michael Ryan Gorenstein CEO | NASDAQ (NMS) Exchange | 22717L101 CUSIP |
| CA Country | 459 Employees | - Last Dividend | - Last Split | - IPO Date |
Overview
Cronos Group Inc. stands as a pioneering entity in the cannabinoid industry, dedicating its efforts to the cultivation, production, and distribution of cannabis products across notable markets in Canada, Israel, and Germany. Since its establishment in 2012, the company has positioned itself in Toronto, Canada, navigating the complexities of the ever-evolving cannabis landscape. Through strategic brand development and an unwavering commitment to quality, Cronos Group has carved a niche for itself, becoming synonymous with excellence in the realm of cannabinoid offerings.
Products and Services
- Dried Flower: Cronos Group offers a variety of premium dried cannabis flowers, catering to the traditional cannabis consumer. These products are carefully cultivated to ensure the highest quality and potency, meeting the diverse preferences and needs of their clientele.
- Pre-rolls: For those seeking convenience without compromising on quality, Cronos Group's pre-rolled cannabis offers an easy-to-use option. Expertly rolled from their top-quality dried flower, these pre-rolls provide a consistent and satisfying experience for both new and seasoned users.
- Oils: Cannabis oils by Cronos Group are extracted using state-of-the-art techniques to ensure purity and potency. These oils are versatile, designed for consumptions such as ingestion or topical application, catering to a wide range of medicinal and recreational uses.
- Vaporizers: Recognizing the growing demand for smoke-free alternatives, Cronos Group offers high-quality cannabis vaporizers. These devices are designed for convenient and discreet use, providing a modern approach to cannabis consumption.
- Edibles: Catering to the evolving tastes of their consumer base, Cronos Group has ventured into the world of cannabis-infused edibles. This range includes various ingestible forms, offering a delicious and controlled way to experience the effects of cannabis.
- Cannabis Tinctures: For those preferring direct ingestion or alternative application methods, Cronos Group's cannabis tinctures offer a potent and precise dosing solution. These liquid extracts can be consumed directly or mixed with food or drinks, providing flexibility in usage.
The product lineup is marketed under distinguished brands such as Spinach, Lord Jones, and PEACE NATURALS, each carrying a unique identity and clientele focus, thus allowing Cronos Group to cater to a broad spectrum of consumer needs and preferences.
Contact Information
