I hope you are all staying safe and social distancing amid all this craziness. Here is today's quick update on information about our industry and its response to the coronavirus crisis. Canadian sales are up. Call it hoarding. Call it search for calm. Or escape. Or...
Despite projecting no revenue in their first month of adult use sales of cannabis products in Nevada, the state just reported it received $3.5 million in taxes in July. Sales commenced July 1 amid some distribution challenges that were ultimately ironed out. The state is...
So much to consider with the passing of nearly 117-year old Susannah Mushatt Jones here in New York City the other day. There's now only one person documented alive who was born before 1900 (Ms. Jones was born in 1899). Though blind in recent years she...
We lag behind the world. Pearson says the US is 14th in the world in "cognitive skills and educational attainment." And we are ranked second in ignorance about social issues (only Italy is worse). This is not news. But today two interesting tidbits that could restart the...
It's pretty rare but it happened. In January, there were zero IPO pricings. That hasn't happened since 2011. But there is hope for private companies seeking an orderly path to exit for investors. First, of course every time the IPO window shuts, it eventually opens...
Now that trading is done (for most thankfully) for 2015, here's the scorecard. The S&P 500 was down about 1%. The Dow Jones Industrial Average was down 2.23%, the first time we had a down year since, gulp, 2008. The Nasdaq tech-heavy index was up...
"The Big Short" is the story of a group of Wall Street folks who foresaw what indeed ultimately happened - the near meltdown of our financial system and even our economy back in 2008. This was, most agree, primarily the result of aggressive lending by...
They built our country. They helped businesses large and small grow and succeed. At times they fought valiant battles to be protected against all-powerful oligopolies and at other times criticized for alleged corruption and misalignment of interests with their employers. Maybe Labor Day, just a...
The Dodd–Frank Wall Street Reform and Consumer Protection Act was signed by the President on July 21, 2010. Quite a different world then. Some, like its namesakes (pictured above), think it has made our banking and economic system safer and has been successfully implemented by...
We are approaching the 40th anniversary of the end of the Vietnam War back in 1975. As a teenager at the time (yes I'm that old), I transitioned from regular nightmares about getting drafted and wading through rice paddies to relief. But the Cold War,...