Nvidia Loses $420 Billion In Market Capitalization Since DeepSeeok Launch, Valuation Hits A 29-Month Low As GTC Fails To Ignite Stock – Apple (NASDAQ:AAPL), General Motors (NYSE:GM)
A slew of bulletins on the GTC AI Conference in San Jose, California did not ignite the shares of Nvidia Corp. NVDA on Tuesday because it slipped over 3% in commerce. The chipmaker led by Jensen Huang has wiped $420 billion in investor wealth since DeepSeeok was launched on Jan. 10, 2025 What Happened: In […]
Illinois Governor Touts Record $2 Billion In Marijuana Sales In 2024, Celebrating ‘Thriving’ Industry Despite Intoxicating Hemp Market Concerns
The governor of Illinois is touting the state’s record-setting $2 billion in marijuana gross sales in 2024, applauding the “thriving” business whereas criticizing the “proliferation of the unregulated intoxicating hemp market.” Of the $2 billion, a file $1.722 billion got here from adult-use hashish gross sales. That’s greater than double the primary yr of gross […]
U.S. Census Bureau Shows $5.7 Billion Collected in Cannabis Tax Revenue Since Q3 2021
A report published by the U.S. Census Bureau recently shows the progress of cannabis tax revenue numbers for each state. It’s the first report of its kind from the bureau and begins with the Q3 2021. “The Quarterly Summary of State and Local Government Tax Revenue provides quarterly estimates of state and local government tax […]
Wealthy Countries Gave Over $1 Billion to Global Drug War, Shows New Report
A recent report from Harm Reduction International (HRI) sheds light on how richer countries like the United States and Europe continue to provide substantial foreign aid for the global War on Drugs. However, rather than addressing issues like poverty, hunger, healthcare, and education, this money is primarily allocated to law enforcement and military efforts. As […]
Columbia Care And Cresco Labs Call Off $2 Billion Merger Deal
A planned merger between cannabis multistate operators Columbia Care and Cresco Labs valued at $2 billion has been called off, according to a statement from the two companies released on Monday. Chicago-based Cresco Labs announced in March 2022 that it had come to an agreement to acquire Columbia Care, headquartered in New York, in an […]
Legal Weed Sales In Minnesota Expected To Hit $1.5 Billion By 2029
The regulated marijuana market in Minnesota is expected to grow to more than $1.5 billion per year by 2029, according to a projection from a leading cannabis law firm. As the market matures, Minnesota cannabis businesses are projected to serve nearly 700,000 adult-use cannabis customers and medical marijuana patients across the state. At a recent […]