Business
Jushi Reports Q2 2026 Financial Results
BOCA RATON – Jushi Holdings Inc. released its second-quarter 2026 financial results, posting revenue of $71.3 million, a 10% year-over-year gain, with growth spread across both the retail and wholesale channels. The wholesale segment set the headline. Revenue from that channel climbed 68% to $9.4 million, the first time in company history that a single ...
Vireo Growth Sets Stage for Planet 13 Acquisition
MINNEAPOLIS - LAS VEGAS – Vireo Growth Inc. and Planet 13 Holdings Inc. have agreed to combine operations under a definitive merger agreement. The move brings together two multi-state Cannabis operators and expands retail reach in several established markets. Under the terms, each outstanding share of Planet 13 common stock will convert into 0.015383618 of ...
FLUENT Shareholders Approve All-Stock Acquisition by Vireo
TORONTO – FLUENT Corp. reported that holders of its common and proportionate voting shares approved the special resolution for an all-stock plan of arrangement with Vireo Growth Inc. at the annual general and special meeting held July 28, 2026, in Toronto. Under the terms first announced April 30, each FLUENT share will convert into 0.0705359 ...
IRS Pushes Back on Cannabis Tax Refund Claims as the 280E Battle Enters a New Era
WASHINGTON, D.C.-The Cannabis industry's long-running battle with Section 280E has entered a pivotal new phase. For years, one of the greatest financial challenges facing state-licensed Cannabis businesses has not been competition or regulation—it has been the federal tax code. Section 280E has prevented Cannabis operators from deducting ordinary business expenses because Cannabis remained classified as ...
Organigram Highlights Early Sanity Results While Holding Canadian Market Lead
TORONTO – Three months after closing its largest international acquisition to date, Organigram Global Inc. has delivered the first combined business update covering Sanity Group's early performance alongside the company's ongoing Canadian market position. The disclosure puts preliminary numbers on the table for investors watching how quickly the German unit can pull its weight inside ...
Colder BHO Extractions Yield Cleaner Cannabis Concentrates, Abstrax Study Finds
LOS ANGELES – Researchers at Abstrax Tech have found that colder extraction temperatures during butane hash oil (BHO) processing significantly reduce the carryover of plant-derived wax compounds into finished concentrates, without meaningfully affecting cannabinoid potency or terpene retention. The findings appear in a peer-reviewed paper published in ACS Omega. The Abstrax research team, including R&D ...
Senate Democrats Reintroduce Comprehensive Cannabis Descheduling Bill, Renewing Push for Federal Reform
WASHINGTON, D.C. - The push for comprehensive federal Cannabis reform has returned to the U.S. Senate with the reintroduction of the Cannabis Administration and Opportunity Act (CAOA), a sweeping piece of legislation that would remove Cannabis from the federal Controlled Substances Act and establish a national framework for regulating the industry. Introduced by Cory Booker, ...
California’s Cannabis Promise Remains Unfulfilled: Why Racial Disparities in Cannabis Arrests Continue to Shame the Golden State
SACRAMENTO- Nearly a decade after California voters approved adult-use Cannabis, the state has become one of the world's largest legal Cannabis markets. Billions of dollars have flowed through licensed businesses, thousands of jobs have been created, and Cannabis has become increasingly accepted by mainstream society. Yet beneath these successes lies an uncomfortable reality. For many ...
FDA Finalizes Psychedelic Drug Guidance and Schedules September Public Hearing
WASHINGTON, D.C., The US FDA has established clearer expectations for psychedelic clinical trials while inviting public input on how the therapies could eventually be delivered in supervised healthcare settings. The U.S. Food and Drug Administration has finalized its long-awaited guidance for companies and researchers developing psychedelic medicines, marking an important step toward bringing the emerging ...
The Real Operational Cost of Cash Discrepancies in High-Volume Dispensaries
LOS ANGELES – Cannabis dispensaries occupy a distinctive position in American retail. They are among the highest-grossing single-location stores in the country, processing thousands of transactions per day, yet the majority remain locked out of conventional banking infrastructure due to federal prohibition. That creates an industry moving hundreds of millions of dollars annually in physical ...
Nepal’s Gandaki Province Breaks Ground on Regulated Cannabis Cultivation
KATHMANDU – The Gandaki Province Assembly in Nepal has passed landmark legislation legalizing the cultivation of Cannabis for medicinal and industrial purposes. This makes the province a pioneer in the country, setting the stage for a legal commercial framework that, according to lawmakers, could reshape the region's agricultural economy. The bill, formally titled "Bill Related ...
Rhode Island Moves to Restart Cannabis Retail Licensing
PROVIDENCE – Rhode Island officials are taking steps to revive a stalled process for issuing new retail Cannabis licenses. A federal judge blocked the effort earlier this year over concerns about state residency rules. Lawmakers responded by changing the law, and regulators now seek to clear the way forward. State attorneys asked U.S. District Judge ...
Germany Puts “GMP Washing” in Medical Cannabis on Notice
BERLIN – Germany's Hessian State Office for Health and Care (HLfGP) published a formal guidance document targeting the widespread practice of "GMP washing", i.e. importing Cannabis flowers from third-country cultivators under Good Agricultural and Collection Practice (GACP) certification, then running them through EU-based GMP facilities before supplying the German market. At the center of the ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – The past fortnight delivered the most jam-packed period of meaningful news our sector has seen in 2026. Federal rescheduling hearings opened. Virginia finally locked in its retail framework. Definium posted the cleanest psychedelic clinical data the FDA has ever been handed. Glass House earned a NYSE listing. And California's midyear market numbers ...
Lazear Advises Medical Cannabis Company Organic Remedies on ESOP Transaction
COLUMBUS, Ohio, July 6, 2026 – Organic Remedies, one of Pennsylvania's leading medical cannabis companies, has completed its transition to 100% employee ownership through an Employee Stock Ownership Plan (ESOP), marking another milestone in the growing adoption of ESOPs as an ownership transition strategy for the cannabis industry. Lazear Capital Partners (Lazear) served as the ...
California’s Legal Cannabis Market Holds Steady at Midyear
LOS ANGELES – California's licensed retailers generated $323.1 million in Cannabis sales in June, pushing the state's first-half total to nearly $1.95 billion. The June figure landed almost exactly in line with the roughly $322 million sold in June 2025, marking one of the cleaner year-over-year comparisons California's licensed sector has produced in several years. ...
High Tide Tightens Ownership Guardrails with New Two-Part Rights Plan
CALGARY – High Tide Inc. announced that its board of directors approved a Temporary Shareholder Rights Plan and an Amended and Restated Shareholder Rights Plan, both executed with Olympia Trust Company as Rights Agent, dated June 26, 2026. The dual structure stems from a procedural constraint. The Amended and Restated Plan updates the shareholder rights ...
Splash Beverage Group Takes Global License on CannEpil, Targeting Drug-Resistant Epilepsy
FORT LAUDERDALE – Splash Beverage Group Inc. announced it has secured an exclusive worldwide license to CannEpil®, a cannabinoid-based investigational treatment for drug-resistant epilepsy (DRE), through an agreement with Argent BioPharma Limited, the Australian-listed clinical-stage company behind the therapy. DRE affects approximately 30% of epilepsy patients worldwide and remains one of the most significant unmet ...
Cannabis Retailers Face Engagement Gap in Loyalty Programs
LOS ANGELES – A new report published by Sweed, a tech company that provides an all-in-one software ecosystem for Cannabis dispensaries, draws on Q1 2026 data from 2.1 million shoppers and $452.5 million in retail transactions to produce what may be the most detailed picture yet of how dispensary loyalty programs actually perform vs. how ...
Tilray Acquires HelloMD to Build Out Canadian Medical Cannabis Network
NEW YORK – Tilray Brands Inc. has agreed to acquire HelloMD Corporation’s Canadian medical Cannabis assets, in a deal the companies say will build a fully vertically integrated medical Cannabis structure in Canada and add a digital healthcare platform to Tilray's broader operations. Tilray was named the winning bidder in HelloMD's formal sale process, and ...
Sacramento Clears Path for Cannabis Consumption Lounges
SACRAMENTO – The Sacramento City Council voted 7-1 to amend the city's zoning code and classify Cannabis consumption lounges as an allowed land use, capping a process that traces back to a pilot program the council approved in late 2024. In a separate 6-1 vote, the council also set business permit fees for the lounges ...
AMASS Invests in Hemp-Derived THC Beverage Brand Afterdream
LOS ANGELES – AMASS Brands Group, a California-based multi-category beverage platform, has entered into a Simple Agreement for Future Equity (SAFE) in Afterdream, a hemp-derived THC beverage brand. The agreement grants AMASS the right to at least a 15.67% fully diluted ownership interest in Afterdream once a qualifying financing or liquidity event occurs. Under SAFE ...
Ora Pharm Completes Helius Acquisition, Becomes New Zealand’s Largest Medical Cannabis Company
AUCKLAND – Ora Pharm has completed the acquisition of the key assets of Helius Therapeutics and restarted manufacturing operations. The agreement covers Helius's EU-GMP-certified production plant, its remaining inventory, and its operating licenses, though it excludes the cultivation site Helius once ran. The purchase follows a binding conditional agreement Ora Pharm signed in May, when ...
Glass House Brands Triggers Warrant Acceleration
LONG BEACH – Glass House Brands Inc., a major player in California Cannabis production and retail, has told holders of warrants issued in two earlier financing rounds that their right to convert those securities into shares will end well ahead of schedule. The company said the early cutoff was set in motion after its stock ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – Two weeks of headlines confirm a market sorting itself by balance sheet rather than by ambition. Cannabis is consolidating into a smaller circle of disciplined operators, while psychedelics graduate from pilot programs to checkbook-sized pharmaceutical commitments. Capital is flowing again, rewarding strength over growth and regulatory compromises over recreational promises alone. Conventional ...
