Countdown to Earnings: The Quarterly Results This Week
In our latest Trade To Black podcast for Monday, May 5, 2025, hosts Shadd Dales and Anthony Varrell preview a critical earnings week for cannabis investors, as several major marijuana companies prepare to report their quarterly results. And Michael Bronstein of ATACH returns for our Insiders Edge segment to give us the details on Pennsylvania’s newly proposed adult-use marijuana bill.
With earnings season underway, it should be a hot week in cannabis reporting. Notable companies we expect to see quarterly earnings reports from this week include Trulieve (OTCQX: TCNNF), GTI (OTCQX: GTBIF), and Innovative Industrial Properties (IIPR) on May 7. Curaleaf (OTCQX: CURLF), Verano, NewLake (OTCQX: NLCP), The Cannabist Company (OTCQX: CBSTF), TerrAscend (TSX: TSND), and Jushi report on May 8. Cresco reports May 9, with Charlie Bachtell expected to join Friday’s podcast.
How these cannabis businesses perform will offer key insight into where the industry is heading in 2025.
Michael Bronstein of the American Trade Association for Cannabis and Hemp (ATACH) breaks down a major development in cannabis reform: Pennsylvania’s newly proposed adult-use cannabis bill (HB1200). The legislation—passed through the House Health Committee—includes provisions that would place cannabis retail under the state Liquor Control Board. Bronstein explained that in Pennsylvania, alcohol is already sold in state-run stores (a system long unpopular among voters), and cannabis has become entangled in those politics due to shared union labor interests.
Bronstein emphasized this is not where negotiations will end and likened the move to creating a political “vehicle” for June budget talks, since the state needs new revenue sources. He reiterated that the proposal’s controversial elements are starting positions meant to drive broader discussion.
Shifting toward hemp regulation and synthetic cannabinoid concerns, Florida’s hemp regulation bill recently stalled. Is it the fault of the Tallahassee leadership for enabling an unregulated gray market? Or are synthetics undermining legitimate hemp industry concerns?
We’ll share our thoughts on this and more in this episode of Trade to Black.