MJ Biz Report: Cowen downgrades Columbia, Cresco over lack of cannabis banking reform

MJ Biz Report: Cowen downgrades Columbia, Cresco over lack of cannabis banking reform
CANNANNEW REPORT

MJ Biz write Investment bank Cowen has downgraded its outlooks for major cannabis multistate operators Columbia Care and Cresco Labs after U.S. lawmakers declined to include marijuana banking reform in an omnibus spending bill. Analysts at New York-based Cowen downgraded both companies’ ratings from “outperform” to “market perform” and lowered their price targets in research notes issued […]

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Source : MJ Biz Report: Cowen downgrades Columbia, Cresco over lack of cannabis banking reform

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