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A new study published in Drug and Alcohol Dependence Reports found that usage among adults has surged, but teenage cannabis use maintained its yearly levels.
The study, which analyzed data from over 543,000 people between 2013 and 2022, offers a closer look at how legalization and shifting attitudes have reshaped the social adoption of cannabis, <a href="https://www.theguardian.com/society/article/2024/sep/07/cannabis-use-survey-teenagers">reported</a> The Guardian.
Another notable finding is the rise in cannabis consumption among adults with higher incomes and college degrees. Researchers crunched the numbers coming from the<a href="https://www.samhsa.gov/data/data-we-collect/nsduh-national-survey-drug-use-and-health"> National Survey on Drug Use and Health</a> (NSDUH) to examine trends across various demographics. 
<h3 class="wp-block-heading">Teen Use Holds Steady</h3>
Despite concerns that cannabis legalization might drive increased use among teenagers, the data shows otherwise. The outcome is strong, since it <a href="https://www.benzinga.com/markets/cannabis/23/12/36228666/the-kids-are-alright-government-study-finds-teen-cannabis-use-holds-steady-despite-increased-sta">coincides with a previous study</a> on the matter. 
In fact, while use among teens has remained between 6% and 7% over the last decade according to the new study, previous studies have even showed a <a href="https://www.benzinga.com/markets/cannabis/23/05/32242259/cdc-survey-shows-legal-weed-dispensaries-have-helped-curb-teen-cannabis-use">decrease</a> among this demographic group.
&#8220;We expected to see an increase, especially with the broader legalization and availability,&#8221; said Dr. Delvon Mattingly, lead author of the study and a behavioral science professor at the University of Kentucky. &#8220;But the data show that teen use has remained surprisingly flat.&#8221;
Experts believe that strict regulations preventing dispensaries from selling to minors have played a role. Dispensaries often enforce age verification using ID scans, which reduces the chances of illegal access.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/05/38976556/daily-cannabis-consumption-outpaces-daily-alcohol-use-in-the-us-for-the-first-time-new-study-sho">Daily Cannabis Consumption Outpaces Daily Alcohol Use In The US For The First Time, New Study Shows</a>
<h3 class="wp-block-heading">Cannabis Use Climbs Among Rich And Educated Adults</h3>
Overall cannabis consumption has increased among adults, particularly those with higher incomes and college degrees. Individuals in households earning $75,000 or more per year nearly doubled their usage, from 5.89% in 2013 to 13.20% in 2022. Likewise, usage among college graduates rose sharply from 4.48% to 12.42% during the same period.
This increase highlights how legalization has led to the normalization of cannabis. Experts suggest that changing public attitudes have fueled this increase, especially among wealthier, educated Americans. 
&#8220;With legalization, cannabis has become more normalized, especially among higher-income groups,&#8221; Mattingly noted. &#8220;People are using it recreationally and for medical reasons, particularly for managing pain and anxiety.&#8221;
<h3 class="wp-block-heading">Shifting Public Perception</h3>
Jordan Gette, a postdoctoral fellow at the Rutgers Center of Alcohol and Substance Use Studies, noted, &#8220;We see celebrities and professional athletes endorsing cannabis products, which has helped shed its stigma.&#8221; 
This shift has also been aided by dispensaries opening in affluent areas, making cannabis more accessible to wealthier demographics.
Medical cannabis also played a role in this shift. In states where medical cannabis is legal, many older adults now turn to it<a href="https://www.benzinga.com/24/07/39774432/new-study-shows-high-use-of-medical-cannabis-for-chronic-pain-and-arthritis-in-older-patients"> to treat chronic conditions</a>. &#8220;Higher income is often correlated with access to healthcare, and medical cannabis is increasingly being used to manage chronic conditions like pain,&#8221; Mattingly added.
Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter&nbsp;<a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you're serious about the business, you can't afford to miss out.
<h3 class="wp-block-heading">Racial And Ethnic Patterns</h3>
The study also brought to light notable racial and ethnic trends. 
Statistics show a higher prevalence among non-Hispanic multiracial individuals, with over 25% reporting having used in 2022. This group had the highest rate of cannabis consumption compared to other racial and ethnic categories.
Mattingly emphasized the importance of continuing research that includes multiracial individuals. &#8220;These findings underscore the importance of including multiracial populations in future research,&#8221; Mattingly said.
<h3 class="wp-block-heading">Cannabis And Hallucinogen At Record Highs</h3>
In addition to these findings, another recent study from the University of Michigan's Monitoring the Future (MTF) survey showed that cannabis and hallucinogen among U.S. adults reached <a href="https://www.benzinga.com/markets/cannabis/24/08/40652731/cannabis-and-hallucinogen-consumption-hit-all-time-highs-in-2023-while-tobacco-and-alcohol-decli">a historically high level in 2023</a>.
According to the survey, 42% of young adults aged 19 to 30 reported using cannabis in the past year, with 10% engaging in daily consumption. Similarly, among adults aged 35 to 50, 29% reported having consumed in the past year, with 8% using it daily.
The MTF survey also noted an increase in hallucinogen use.
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</ul>

Cannabis

Government

News

Psychedelics

Markets

Cannabis Use Rose Among US Adults Over 10 Years, But Kept Steady In Teens, Finds New Study

Earnings

EZGO

EZGO Technologies H1 Revenues $8.6M, Up From $5.16M Last Year

Hewlett Packard Enterprise Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) shares are trading lower after Monday's closing bell. The company announced it has commenced a public offering of $1.35 billion (27 million shares) of Series C mandatory <a href="https://www.benzinga.com/pressreleases/24/09/b40782527/hewlett-packard-enterprise-announces-proposed-public-offering-of-mandatory-convertible-preferred-s">convertible preferred stock.&nbsp;</a>
The Details: Hewlett Packard also expects to grant the underwriters a 30-day option to purchase up to an additional $150 million (3 million shares) of preferred stock to cover over-allotments, if any. 
Hewlett Packard said it intends to use the net proceeds from the offering to fund all or a portion of the consideration for the previously announced pending acquisition of Juniper Networks, Inc., to pay related fees and expenses, and, if any proceeds remain, for other general corporate purposes.
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The company said each share of preferred stock will have a liquidation preference of $50 per share,&nbsp; and each share will automatically convert into a number of shares of common stock on or around Sept. 1, 2027, based on the applicable conversion rate.
Hewlett Packard intends to apply to list the preferred stock on the New York Stock Exchange under the symbol &#8220;HPEPrC.&#8221;
HPE Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Hewlett Packard shares are down 6.08% after-hours at $16.53 at the time of publication Monday.
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Photo: Shutterstock

After-Hours Center

Movers

Tech

What's Going On With Hewlett Packard Stock After-Hours?

Palo Alto Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) has outperformed the market over the past 10 years by 15.96% on an annualized basis producing an average annual return of 26.5%. Currently, Palo Alto Networks has a market capitalization of $111.85 billion. 
Buying $1000 In PANW: If an investor had bought $1000 of PANW stock 10 years ago, it would be worth $10,589.41 today based on a price of $344.05 for PANW at the time of writing.
<h3>Palo Alto Networks's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725917417_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

PANW

Here's How Much $1000 Invested In Palo Alto Networks 10 Years Ago Would Be Worth Today

Republic Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) has outperformed the market over the past 15 years by 2.99% on an annualized basis producing an average annual return of 14.56%. Currently, Republic Servs has a market capitalization of $64.48 billion. 
Buying $1000 In RSG: If an investor had bought $1000 of RSG stock 15 years ago, it would be worth $7,692.02 today based on a price of $205.30 for RSG at the time of writing.
<h3>Republic Servs's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725917412_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 15 Years Ago, You Would Have $7,700 Today

In a recent exclusive interview with Benzinga, Paul Eitelman, chief investment strategist for North America at Russell Investments, provided insights into the sectors of small-cap stocks that stand out <a href="https://www.benzinga.com/trading-ideas/small-cap-analysis">amidst economic uncertainty</a>.
While small-caps as a whole face some macroeconomic risks, Eitelman highlights several specific sectors that could offer substantial opportunities.
<h1 class="wp-block-heading">Where Small-Cap Managers Are Finding Opportunities</h1>
Eitelman notes that &#8220;dedicated small-cap managers are finding opportunities to tilt their portfolio strategies toward banks, technology and select highly indebted companies that are likely to benefit from lower interest rates going forward.&#8221; These sectors are positioned to thrive, especially as interest rates begin to decline.
Technology continues to dominate market discussions, and small-cap tech companies could be key beneficiaries of economic shifts, particularly those aligned with innovative growth areas like AI and data services.
The Russell 2000 index is one of the more popular indices tracking small cap U.S. equity. ETFs that track this index include the iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>), the Vanguard Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTWO#NYSE">VTWO</a>) and the Avantis US Small Cap Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVSC#NYSE">AVSC</a>). The Invesco S&amp;P SmallCap Information Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSCT#NYSE">PSCT</a>) is a lesser-known but technology-focused ETF tracking small cap companies. The top 3 holdings of this ETF are Fabrinet (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FN#NYSE">FN</a>), SPS Commerce, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPSC#NASDAQ">SPSC</a>) and Badger Meter Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMI#NYSE">BMI</a>).
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<h1 class="wp-block-heading">Stock Selection: Primary Driver Of Risk, Return</h1>
However, Eitelman cautions that given the high macroeconomic uncertainty, broad sector bets are risky. He recommends a more refined approach: "Our preference into high macro uncertainty is to target only modest sector tilts and let stock selection shine as the primary driver of risk and return."
This focus on stock selection over aggressive sector rotation makes sense in an environment where not all companies are equally positioned to navigate fluctuating interest rates or economic slowdowns. 
Banks, for example, are likely to benefit from a soft landing scenario, while indebted companies could see relief as rates fall. Tech remains a favorite sector due to its long-term growth prospects, even amid near-term uncertainty.
Overall, Eitelman's strategy emphasizes precision and caution, advising investors to prioritize stock-picking and avoid broad over-exposure in the small-cap space.
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Don&#8217;t miss the opportunity to dominate in a volatile market at the <a href="https://www.benzinga.com/events/small-cap/global-small-cap-conference-2024/" target="_blank" rel="noreferrer noopener">Benzinga SmallCAP Conference on Oct. 9-10, 2024</a>, at the Chicago Marriott Downtown Magnificent Mile.
Get exclusive access to CEO presentations, 1:1 meetings with investors, and valuable insights from top financial experts. Whether you&#8217;re a trader, entrepreneur, or investor, this event offers unparalleled opportunities to grow your portfolio and network with industry leaders.
<a href="https://www.benzinga.com/events/small-cap/global-small-cap-conference-2024/" target="_blank" rel="noreferrer noopener">Secure your spot and get your tickets today!</a>
Photo: Borka Kiss via Shutterstock

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PSCT

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VTWO

EXCLUSIVE: Russell Strategist Uncovers Top Small-Cap Picks — Seizing Opportunities In A Low-Rate Environment

Based on the expansion of the Fiscal 2025 restructuring plan range and the impacts related to fiscal 2025, the company updated the following expectations for its fiscal 2025&nbsp;outlook:
<ul>
<li>Operating loss&nbsp;is expected to be&nbsp;$220&nbsp;to&nbsp;$240 million&nbsp;versus the previous expectation of&nbsp;$194&nbsp;to&nbsp;$214 million. Excluding the mid-point of anticipated restructuring charges and the litigation reserve expense,&nbsp;adjusted operating income&nbsp;is expected to be&nbsp;$140&nbsp;to&nbsp;$160 million.</li>
<li>Diluted loss per share&nbsp;is expected to be&nbsp;$0.58&nbsp;to&nbsp;$ 0.61&nbsp;versus the previous expectation of&nbsp;$0.53&nbsp;to&nbsp;$0.56, and&nbsp;adjusted diluted earnings per share&nbsp;are expected to be&nbsp;$0.19&nbsp;to&nbsp;$0.22.</li>
</ul>

Guidance

Under Armour Continues To Expect FY25 Adjusted EPS To Be $0.19 - $0.22, Est $0.24

Previously, the company expected to incur pre-tax restructuring and related charges of approximately&nbsp;$70 million&nbsp;to&nbsp;$90 million&nbsp;in connection with its Fiscal 2025 restructuring plan.
Following further evaluation, the company has identified approximately&nbsp;$70 million&nbsp;of charges, largely related to the decision to exit one of its primary distribution facilities located in&nbsp;Rialto, California, by&nbsp;March 2026.
Accordingly, it now expects approximately&nbsp;$140 million&nbsp;to&nbsp;$160 million&nbsp;of pre-tax restructuring and related charges to be incurred in Fiscal 2025 and Fiscal 2026.
Through the three months ended&nbsp;June 30, 2024, the company had incurred approximately&nbsp;$34 million&nbsp;of restructuring and related charges ($19 million&nbsp;in cash and&nbsp;$15 million&nbsp;in non-cash).&nbsp; The company anticipates incurring approximately two-thirds of the charges under the revised total plan by the end of fiscal year 2025.

Under Armour Reports Update To Its FY25 Restructuring Plan, Including Additional Initiatives

Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) shares climbed 3.8% in regular trading Monday, but are down slightly in the after-hours session. Here's a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40752830/robinhood-shifted-from-meme-stock-to-market-contender-amid-new-products-and-global-">look at what's going on. </a>
What To Know: Robinhood reported select <a href="https://www.benzinga.com/pressreleases/24/09/g40781343/robinhood-markets-inc-reports-august-2024-operating-data">monthly operating data</a> for August 2024 after Monday's closing bell. 
<ul>
<li>Robinhood reported 24.3 million Funded Customers at the end of August, up approximately 60,000 from July 2024 and up over one million year-over-year.</li>
<li>Assets Under Custody (AUC) at the end of August were $143.6 billion, down 1% from July 2024 and up 60% year-over-year.&nbsp;</li>
<li>Net Deposits were $3.3 billion in August, translating to a 27% annualized growth rate relative to July 2024 AUC. Over the past 12 months, Net Deposits were $37.5 billion, translating to an annual growth rate of 42% relative to August 2023 AUC.</li>
<li>Equity Notional Trading Volumes were $96.2 billion, down 8% from July 2024 and up 61% year-over-year. Options Contracts Traded were 146.9 million, down 8% from July 2024 and up 37% year-over-year.&nbsp;</li>
<li>Crypto Notional Trading Volumes were $5.4 billion, up 2% from July 2024 and up 145% year-over-year.</li>
</ul>
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Robinhood is set to present at the Goldman Sachs Communacopia + Technology Conference on Tuesday. According to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Robinhood shares are trading slightly below the stock&#8217;s 50-day moving average of $24.88.&nbsp;
HOOD Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Robinhood Markets shares are down 0.51% after-hours at $19.56 after gaining 3.80% in regular trading Monday.
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Photo: Shutterstock

HOOD

What's Going On With Robinhood Stock Today?

Tuesday&#8217;s presidential debate between Donald Trump and Kamala Harris will be one of the biggest events of the election cycle, with less than two months until the<a href="https://www.benzinga.com/topic/2024-election"> 2024 presidential election.</a>
How to Watch the Presidential Debate: While it's the first debate between Harris and Trump, this week's presidential debate will be the second for Trump as he previously faced off against President Joe Biden, who <a href="https://www.benzinga.com/general/politics/24/07/39874057/biden-drops-out-of-2024-race-in-bombshell-announcement-it-has-been-the-greatest-honor-of-my-life">stepped down from the 2024 </a>race after the last debate.
On Tuesday, Harris and Trump will meet for a live debate in swing state Pennsylvania. The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) unit ABC News is hosting the debate, with World News Tonight anchor David Muir and ABC News Live anchor Linsey Davis serving as moderators.
The presidential debate airs at 9 p.m. ET Tuesday and will be 90 minutes in length with a scheduled end time of 10:30 p.m. ET. The debate will have two scheduled commercial breaks.
While the debate will be hosted by ABC News and air on ABC and stream on Hulu, ABC is allowing simulcasting, making the debate available on all major broadcast channels and several streaming options.
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Debate Rules: One of the key items discussed ahead of the debate between Trump and Harris was the rules, including one on whether the mics of the two candidates would be muted.
Harris wanted unmuted mics, with Trump wanting muted mics. The original rules for the debate, which had a date and network set previously by Biden and Trump, are being used with muted mics. The mics may be unmuted if there is crosstalk between candidates.
There will be no opening statements from the contestants. The moderators will ask questions with candidates getting two minutes to answer questions, two minutes for rebuttals and one minute for follow-ups and clarification.
Candidates can not have prewritten notes on stage, and their campaign teams can not interact with them during commercial breaks. The contestants will have a pen and notepad and a bottle of water with them on stage.
There is no live audience for Tuesday's presidential debate.
Key Items to Watch: Trump won a coin toss before the debate and chose to give the last closing statement. Harris chose to have her lectern on the left of the stage, which will place her on the right-hand side of screens for viewers.
The presidential debate between Harris and Trump will serve as their first in-person meeting, with no previous interactions due to Trump skipping the 2021 presidential inauguration.
Potential voters could tune in to see how the two candidates differ on key topics and also to hear more about Harris' platform, which has been the subject of debate. Some voters think Harris hasn't done enough to share her policy with minimal interviews and public speeches since being named the Democratic Party candidate after Biden stepped down.
Harris may face scrutiny over shifting positions on key issues, while Trump is likely to be questioned about his alleged ties to Project 2025 and his felony convictions from earlier this year.
Tuesday's debate could prove important to undecided voters and also serve as the only debate for the two candidates. There are currently no additional debates scheduled ahead of the 2024 election for Harris and Trump, with the potential for another debate in September or October still being hashed out.
The vice-presidential running mates of J.D. Vance and Tim Walz will face off in a CBS News hosted debate on Oct. 1.
Viewership for Tuesday's debate is expected to be high, with viewers set to tune in and watch the two candidates face off for the first time. The first 2024 presidential debate between Trump and Biden <a href="https://www.benzinga.com/general/politics/24/06/39563409/heres-how-many-people-watched-the-2024-presidential-debate-and-how-fox-beat-cnn-at-its-own-game">set several records</a> for CNN and was watched by 48 million viewers.
One item for investors to watch will be viewership by network due to the simulcasting. While ABC is hosting the event, they could get beat out by Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) when it comes to viewership, as CNN did earlier this year.
Since Trump and Biden had already faced off in previous debates, viewers may have been less interested in the first debate, which had lower viewership than the first debates of 2020 and 2016. The 2016 first presidential debate between Trump and Hillary Clinton was watched by a record 84 million viewers.
Harris is launching a new political ad on Tuesday that will air nationally on Fox News and in the key markets of Philadelphia and near Mar-a-Lago. The ad features past Trump administration members who have gone on to publicly say they will not endorse him in the 2024 election, as <a href="https://www.politico.com/news/2024/09/09/kamala-harris-ad-donald-trump-00177916?utm_source=briefing&amp;utm_medium=email&amp;utm_campaign=washington_am&amp;utm_content=090924">reported </a>by Politico.
"In 2016 Donald Trump said he would choose only the best people to work in his White House. Now those people have a warning for America: Trump is not fit to be president," a voiceover in the ad says.
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Photo: Shutterstock

Politics

FOXA

Harris Vs. Trump: How To Watch 2024 Presidential Debate, Rule Disputes And Key Topics For Voters

Offerings

Hewlett Packard Enterprise Commences Offering Of $1.35B (27M Shares) Of Series C Mandatory Convertible Preferred Stock Of HPE Via Public Offering

Late-breaking data at WCLC show Libtayo monotherapy nearly doubled median overall survival and reduced the risks of death and disease progression by&nbsp;41%&nbsp;and&nbsp;50%, respectively, compared to chemotherapy.

&nbsp;

REGN

Regeneron Reports Five-year Results From Final Pre-specified Overall Survival Analysis Of Phase 3 EMPOWER-Lung 1 Trial; Says Results Showcase Durable Survival Benefit And Impressive Efficacy

Calavo Growers, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGW#NASDAQ">CVGW</a>) shares are climbing after the company reported its third-quarter financial results after Monday's closing bell. Here's a look at the<a href="https://www.benzinga.com/pressreleases/24/09/g40781383/calavo-growers-inc-announces-third-quarter-2024-financial-results-dividend-increase"> details from the report.&nbsp;</a>
The Details: Calavo Growers reported quarterly earnings of 57 cents per share, which beat the analyst consensus estimate of 43 cents by 32.56%.  The company reported quarterly sales of $179.6 million which beat the analyst consensus estimate of $178.54 million. 
Grown segment sales increased 13.3%, while Prepared segment sales decreased 2.4% and the average selling price of avocados in the Grown segment increased by 25% compared to the prior year.
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&#8220;Our third quarter results reflect continued momentum in our flagship avocado business,&#8221; said Lee Cole, president and CEO of Calavo Growers, Inc.
&#8220;Despite temporary industry supply disruptions from Mexico during the quarter, we generated strong financial results due to our operational flexibility and our resilient team. Although our guacamole business experienced headwinds from higher fruit input costs compared to the third quarter last year, our volume increased 7% due to our focus on growing the business. I am also pleased to share that we will be launching some exciting, innovative guacamole products during the fourth quarter.&#8221;
The company increased its cash dividend by 10 cents per share to 20 cents per share to be paid on Oct. 30, 2024, to shareholders of record on Oct. 2, 2024
CVGW Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Calavo Growers shares are up 8.29% after-hours at $25.99&nbsp;at the time of publication Monday.
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<li><a href="https://www.benzinga.com/news/24/09/40774644/dell-technologies-to-included-in-s-p-500-whats-going-on-with-the-stock">Dell Technologies To Be Included In S&amp;P 500: What&#8217;s Going On With The Stock?</a></li>
</ul>
Photo: Courtesy of Calavo Growers, Inc.

CVGW

Calavo Growers Stock Climbs After Q3 Results, Dividend Increase: Details

The&nbsp;Rambus HBM4 Controller&nbsp;enables a new generation of HBM memory deployments for cutting-edge AI accelerators, graphics and HPC applications.&nbsp;
The HBM4 Controller supports the JEDEC Spec of 6.4 Gigabits per second (Gbps). The Controller is further capable of supporting operation up to 10 Gbps providing a throughput of 2.56 Terabytes per second (TB/s) to each memory device. The Rambus HBM4 Controller IP can be paired with third-party or customer PHY solutions to instantiate a complete HBM4 memory subsystem.

RMBS

Rambus Unveils HBM4 Memory Controller IP To Accelerate Next-Gen AI Workloads

Lululemon Athletica (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) has outperformed the market over the past 15 years by 10.85% on an annualized basis producing an average annual return of 22.42%. Currently, Lululemon Athletica has a market capitalization of $30.60 billion. 
Buying $100 In LULU: If an investor had bought $100 of LULU stock 15 years ago, it would be worth $2,115.62 today based on a price of $249.25 for LULU at the time of writing.
<h3>Lululemon Athletica's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725915623_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

LULU

$100 Invested In This Stock 15 Years Ago Would Be Worth $2,100 Today

Intuit (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) has outperformed the market over the past 5 years by 6.12% on an annualized basis producing an average annual return of 18.78%. Currently, Intuit has a market capitalization of $175.27 billion. 
Buying $1000 In INTU: If an investor had bought $1000 of INTU stock 5 years ago, it would be worth $2,337.33 today based on a price of $626.99 for INTU at the time of writing.
<h3>Intuit's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725915618_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

INTU

Here's How Much $1000 Invested In Intuit 5 Years Ago Would Be Worth Today

Congressman Earl Blumenauer (D-OR), founder and co-chair of the Congressional Cannabis Caucus, responded to <a href="https://www.benzinga.com/markets/cannabis/24/09/40774795/trump-says-hell-reschedule-cannabis-if-elected-backs-marijuana-banking-reform-and-floridas-amend">Donald Trump's recent endorsement of cannabis rescheduling</a> and Florida&#8217;s Amendment 3, which aims to legalize adult-use cannabis in the state.
"Vice President Kamala Harris has long been on the right side of ending the failed war on drugs," Blumenauer said, referencing their collaboration on cannabis reform. "I was pleased to work with her on the only comprehensive cannabis reform to pass either chamber of Congress."
He also noted that Trump's support for cannabis reform "should be a powerful signal to the rest of the Republican party when even Donald Trump can get on board."
<h2 class="wp-block-heading">Industry Reactions And Trump's Position On Cannabis Rescheduling</h2>
Trump&#8217;s recent statements, made via his platform Truth Social, have sparked reactions across the political spectrum. The former president announced that, if elected, he would support the rescheduling of cannabis to Schedule III, a significant move from its current Schedule I classification. Trump also backed the SAFE Banking Act, which would allow cannabis companies to access financial services currently restricted under federal law.
The cannabis industry has largely welcomed Trump's support for rescheduling. David Culver, senior vice president of public affairs at the U.S. Cannabis Council, called Trump's position a &#8220;historic shift&#8221; in the national approach to cannabis. Others, such as Adam Goers of the Coalition for Cannabis Scheduling Reform, emphasized that reclassifying cannabis would benefit millions of Americans by moving away from outdated drug policies.
In addition to his stance on federal rescheduling, Trump also publicly declared his support for Florida's Amendment 3, a ballot measure to legalize adult-use cannabis in the state. As a Florida resident, Trump announced that he would be voting &#8220;yes&#8221; on the measure in November, aligning himself with a growing list of Republicans who have embraced cannabis reform.
Now Read:
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<li><a href="https://www.benzinga.com/markets/cannabis/24/09/40776937/trump-joins-millions-of-americans-who-support-rescheduling-cannabis-weed-industry-responds-to-fo">Trump &#8216;Joins Millions Of Americans&#8217; Who Support Rescheduling Cannabis: Weed Industry Responds To Former Pres&#8217; News</a></li>
</ul>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
<hr class="wp-block-separator has-alpha-channel-opacity" />
Photo: Benzinga edit with images from Wikimedia Commons and&nbsp;Shutterstock

Top Dem Congressman Calls Trump's Cannabis Support A 'Powerful Signal' To GOP: 'When Even Donald Trump Can Get On Board...'

Recent research highlights a troubling trend in the gaming community: two-thirds of female gamers continue to experience <a href="https://www.benzinga.com/markets/asia/24/03/37564487/international-womens-day-spotlight-37-of-asian-gamers-are-women-growth-rate-hits-11">online harassment. </a>
A Sky News<a href="https://news.sky.com/story/why-gaming-still-has-a-women-problem-13210551"> report</a> titled, &#8220;Why Gaming Still Has a Women Problem,&#8221; sheds light on persistent misogyny in gaming spaces, particularly within platforms like Discord and multiplayer games.
See Also: <a href="https://www.benzinga.com/general/gaming/23/05/32598862/the-dark-side-of-online-gaming-half-of-british-female-gamers-report-abuse-35-receive-violent-messa">The Dark Side Of Online Gaming: Half Of British Female Gamers Report Abuse, 35% Receive Violent Messages</a>
<h3 class="wp-block-heading">Persistent Harassment In Gaming</h3>
The study, conducted by Bryter&#8217;s Jenny McBean, reveals that female gamers face harassment that ranges from sexist remarks to severe threats. 
The research, which surveyed approximately a thousand women across the UK and U.S., found that 72% of female gamers reported encountering online toxicity in 2022. Although this figure decreased to 65% in 2023, indicating a slight improvement, the statistics remain concerning.
McBean commented on the findings, stating: &#8220;It&#8217;s the first positive shift that we saw [since research began in 2019]. It&#8217;s actually reduced to 65 percent, which is a significant decrease. It&#8217;s great, but we can&#8217;t just assume everything&#8217;s fine now. It&#8217;s still two in three women.&#8221;
Despite the reduction in reported harassment, 20% of the women surveyed opted out of online gaming entirely due to the fear of abuse. Additionally, one in 10 respondents reported having been threatened with rape.
<h3 class="wp-block-heading">Real Experiences Of Harassment</h3>
Tech journalist Mickey Carroll shared her personal experience of online harassment, which she encountered within seconds of joining a Discord server. 
Carroll's profile picture, which identified her as a woman, provoked an aggressive response from another gamer. The abuser&#8217;s messages included a barrage of slurs and threats: &#8220;You&#8217;re female. You&#8217;re a filthy female. We don&#8217;t like females, we like men in here. You&#8217;re a slag. You know that, right? Because you&#8217;re a fucking female, all females are slags, and you&#8217;re expired.&#8221;
<h3 class="wp-block-heading">Impact On Women Gamers</h3>
In <a href="https://www.eurogamer.net/two-thirds-of-female-players-still-report-being-harassed-when-playing-online">dialogue</a> with Eurogamer, 19-year-old French esports professional Mathilde reflected on the challenges faced by women in the industry, stating, &#8220;Being a woman in gaming is scary. You need to have confidence in yourself… if someone jumps on me, I will jump back.&#8221;
Stephanie Ijoma, founder of the diversity and inclusion agency NNESAGA, highlighted the compounded challenges faced by Black women in gaming. &#8220;I&#8217;m a Black woman and Black women in this space are subject to more abuse than anyone else,&#8221; she told Eurogamer.
<h3 class="wp-block-heading">Discord&#8217;s Response</h3>
In response to the issue, Discord assured Sky News that it takes swift action when harassment is reported. &#8220;Safety is integrated into every aspect of our service,&#8221; a Discord representative stated.
Read Next: 
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<li><a href="https://www.benzinga.com/general/gaming/24/03/37545354/game-over-for-fair-pay-study-reveals-shocking-gender-pay-gaps-and-this-is-the-worst-paid-state">Game Over For Fair Pay: Study Reveals Shocking Gender Pay Gaps, And This Is The Worst Paid State</a></li>
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<li><a href="https://www.benzinga.com/general/gaming/23/05/32493539/survey-reveals-over-half-of-game-users-encounter-extremist-ideologies-36-experience-harassment">Survey Reveals Over Half Of Game Users Encounter Extremist Ideologies, 36% Experience Harassment</a></li>
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Cover image made with AI using Dall-E.

Gaming

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SPRY

ARS Pharmaceuticals Reports Submission Of sNDA For neffy 1 Mg For Treatment Of Type I Allergic Reactions, Including Anaphylaxis, In Children Who Weigh 15 To 30 Kg

Former President Donald Trump announced on Sunday night that, if re-elected, he would reschedule cannabis and support banking reforms for the marijuana industry. He also confirmed his support for Florida's Amendment 3, which would legalize recreational cannabis in the state. Trump's <a href="https://www.benzinga.com/markets/cannabis/24/09/40774795/trump-says-hell-reschedule-cannabis-if-elected-backs-marijuana-banking-reform-and-floridas-amend">comments</a> sparked a reaction in the cannabis stock market on Monday.
Get Benzinga's exclusive analysis and top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter&nbsp;<a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you're serious about the business, you can't afford to miss out.
<h3 class="wp-block-heading">Stocks Reaction</h3>
<ul>
<li>Trulieve Cannabis (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCNNF#OTC">TCNNF</a>): The price at market close was $10.99 with a change of +$1.28 (+13.18%). Trading volume reached 707,392, with a market cap of $2.06 billion.</li>
<li>Green Thumb Industries (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GTBIF#OTC">GTBIF</a>): The price at market close was $10.66 with a change of +$1.02 (+10.58%). Trading volume hit 473,092, with a market cap of $2.52 billion.</li>
<li>Curaleaf Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CURLF#OTC">CURLF</a>): The price at market close was $3.10 with a change of +$0.26 (+9.15%). Trading volume reached 639,920, and the market cap stood at $2.09 billion.</li>
<li>Canopy Growth (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGC#NASDAQ">CGC</a>): The price at market close was $4.86 with a change of +$0.38 (+8.54%). Trading volume was 6,041,892, with a market cap of $412 million.</li>
<li>Sundial Growers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNDL#NASDAQ">SNDL</a>): The price at market close was $2.14 with a change of +$0.16 (+8.08%). Trading volume hit 1,946,306, and the market cap was $530 million.</li>
<li>Aurora Cannabis (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACB#NASDAQ">ACB</a>): The price at market close was $5.80 with a change of +$0.39 (+7.25%). Trading volume was 1,136,294, with a market cap of $317 million.</li>
<li>Cronos Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRON#NASDAQ">CRON</a>): The price at market close was $2.21 with a change of +$0.07 (+3.27%). Trading volume reached 1,448,055, with a market cap of $847 million.</li>
<li>HEXO Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HEXO#NASDAQ">HEXO</a>): The price at market close was $1.35 with a change of +$0.05 (+3.85%). Trading volume was 1,215,840, with a market cap of $401 million.</li>
<li>AdvisorShares Pure US Cannabis ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSOS#NYSE">MSOS</a>): The price at market close was $7.16 with a change of +$0.75 (+11.70%). Trading volume hit 13,998,304.</li>
<li>Innovative Industrial Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IIPR#NYSE">IIPR</a>): The price at market close was $122.69 with a change of +$2.02 (+1.67%). Trading volume was 90,181, with a market cap of $3.42 billion.</li>
<li>GrowGeneration (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRWG#NASDAQ">GRWG</a>): The price at market close was $1.92 with a change of +$0.05 (+2.96%). Trading volume hit 454,306, and the market cap was $110 million.</li>
<li>Corbus Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRBP#NASDAQ">CRBP</a>): The price at market close was $52.48 with a change of +$2.43 (+4.87%). Trading volume was 153,424, with a market cap of $630 million.</li>
<li>AdvisorShares Pure Cannabis ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YOLO#NYSE">YOLO</a>): The price at market close was $3.35 with a change of +$0.21 (+6.69%). Trading volume reached 37,519.</li>
<li>Scotts Miracle-Gro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMG#NYSE">SMG</a>): The price at market close was $67.62 with a change of -$0.20 (-0.29%). Trading volume reached 323,540, with a market cap of $3.85 billion.</li>
<li>Village Farms International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VFF#NASDAQ">VFF</a>): The price at market close was $1.01 with a change of +$0.01 (+1.02%). Trading volume hit 459,136, and the market cap was $113 million.</li>
<li>Trees (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CANN#OTC">CANN</a>): The price at market close was $0.042 with a change of -$0.012 (-22.22%). Trading volume was 118,407.</li>
<li>Medical Marijuana (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MJNA#OTC">MJNA</a>): The price at market close was $0.001 with no change. Trading volume hit 9,393,761, with a market cap of $5.68 million.</li>
<li>OrganiGram Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OGI#NASDAQ">OGI</a>): The price at market close was $1.83 with a change of +$0.08 (+4.29%). Trading volume was 348,054, with a market cap of $186 million.</li>
<li>High Tide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HITI#NASDAQ">HITI</a>): The price at market close was $2.12 with a change of +$0.16 (+8.16%). Trading volume hit 648,008, with a market cap of $162 million.</li>
<li>Planet 13 Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/PLNHF#OTC">PLNHF</a>): The price at market close was $0.96 with no significant change. Trading volume was 275,004.</li>
<li>Cresco Labs (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CRLBF#OTC">CRLBF</a>): The price at market close was $1.74 with a change of +$0.13 (+7.74%). Trading volume hit 438,517, with a market cap of $565 million.</li>
</ul>
<h3 class="wp-block-heading">Highs And Lows In 2024&nbsp;</h3>
The cannabis market has experienced several significant stock movements in recent months. On April 30, 2024, stocks soared after the DEA announced plans to reschedule cannabis to Schedule III, with Canopy Growth <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38536953/cannabis-stocks-react-to-dea-rescheduling-canopy-aurora-surge-tilray-wm-tech-hold-s">jumping</a> by 78.8% and Aurora Cannabis rising 46%. 
However, two weeks ago, following the DEA's decision to delay its final ruling, the sector saw a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40580306/cannabis-stocks-plummet-by-up-to-16-on-dea-rescheduling-delay-could-this-be-the-buy">sharp decline</a>, with Curaleaf falling 15.68% and Green Thumb Industries dropping 10.15%. In contrast, Monday's gains following Trump's support for Amendment 3 were more modest, with a mean growth of 4.31%, suggesting a recovery but not on the same scale as the April surge.
Read Next: <a href="https://www.benzinga.com/markets/cannabis/24/09/40776937/trump-joins-millions-of-americans-who-support-rescheduling-cannabis-weed-industry-responds-to-fo">Trump &#8216;Joins Millions Of Americans&#8217; Who Support Rescheduling Cannabis: Weed Industry Responds To Former Pres&#8217; News</a>

CANN

CRBP

CRLBF

CRON

CURALEAF HLDGS INC by Curaleaf Hldgs Inc.

CURLF

GRWG

GTBIF

HEXO

HITI

IIPR

MJNA

MSOS

PLNHF

SNDL

TCNNF

TLRY

YOLO

Cannabis Stocks React To Trump's Marijuana Comments: See Which Ones Posted Solid Gains

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