News
AtaiBeckley Reports Q4 and FY 2025 Financial Results
NEW YORK – AtaiBeckley Inc. disclosed its fourth-quarter and full-year 2025 financial results, showing a significant net loss driven by costs from its recent merger while highlighting progress in its clinical programs for depression and anxiety disorders. The company reported a full-year net loss of $660 million compared with $149.3 million in 2024. Much of ...
Ohio Hits Over $3B in Total Cannabis Sales
COLUMBUS – Ohio's legal Cannabis market has generated $3.56 billion in combined medical and recreational sales through the end of February, driven by steady growth in both segments since adult-use purchases became legal in August 2024. The Division of Cannabis Control reported total product sales of $3.569 billion as of February 28, with adult-use accounting ...
Colorado Lawmakers Back Temporary On-Site Cannabis Consumption Events
DENVER – Colorado's House Committee on Business Affairs & Labor voted 7-5 to advance House Bill 26-1117, a measure that would let licensed Cannabis hospitality businesses hold temporary on-site consumption events. Sponsored by Rep. Naquetta Ricks, a Democrat from Aurora, the bill cleared its first hurdle after amendments and now heads to the House Finance ...
Explosion at New Jersey Extraction Facility Highlights Ongoing Safety Risks in Cannabis Processing
NEW JERSEY–A powerful explosion at an extraction facility in Logan Township, New Jersey on March 4 has left several workers seriously injured and reignited discussion around safety risks in solvent-based Cannabis processing. The blast occurred at the Savita Naturals facility, an industrial plant that produces botanical oils using hydrocarbon extraction systems. According to reporting from ...
Cresco Labs Reports Q4 and Fiscal Year 2025 Financial Results
CHICAGO – Cresco Labs Inc. released its fourth-quarter and full-year 2025 earnings, showing revenue of $162 million for the final three months and a focus on cash flow amid industry pressures. The company generated $656 million in total revenue for the year, down from prior periods but with stronger profitability measures in some areas. In ...
Alabama Gears Up for Medical Cannabis Launch in April
MONTGOMERY – After years of legal hurdles and regulatory delays, Alabama's medical Cannabis program appears on track for an April start, with dispensaries poised to open doors to qualified patients. The Alabama Medical Cannabis Commission (AMCC) has issued key licenses and opened patient registrations, marking a shift from planning to action in a state where ...
Aurora Ditches Adult-Use Cannabis Market for Medical Focus
EDMONTON – Aurora Cannabis Inc. has completed its transition away from Canada's adult-use market to concentrate fully on medical Cannabis, targeting more profitable regulated opportunities overseas. Chief Financial Officer Simona King revealed the strategy during a presentation at the TD Cowen Healthcare Conference in Boston this week, marking a complete shift from the company's earlier ...
Connecticut Lawmakers Expand Psychedelics Access
HARTFORD – Connecticut's Joint Committee on Public Health approved a bill that broadens the state's pilot program for psychedelic-assisted therapy, opening it to adults beyond just veterans and first responders. The measure, Senate Bill 191, clears the way for qualified patients to access MDMA or psilocybin treatments through FDA-approved research studies administered by a state ...
RYTHM Reports Q4 and FY 2025 Financial Results
ROLLING MEADOWS – RYTHM Inc. delivered a significant revenue leap in 2025, fueled by licensing deals in the fast-growing low-dose Cannabis alternatives market. Full-year sales hit $17.3 million, yet the company posted a $33.3 million net loss, down from $41.7 million the year before. In its Q4 earnings release, RYTHM detailed quarterly revenue of $10.7 ...
California Collected $255M in Q4 Cannabis Tax Revenue
SACRAMENTO – California collected $255.1 million in Cannabis tax revenue during the fourth quarter of 2025, marking a decline from the previous quarter as sales softened and a short-term tax adjustment ended. The total includes $145.5 million from the Cannabis excise tax and $109.6 million in sales tax from licensed businesses, according to data from ...
Los Angeles City Council Advances a Tax Amnesty Program for Licensed Cannabis Businesses
LOS ANGELES – The City Council voted 13-0 to instruct staff to craft a tax amnesty program for more than 500 licensed Cannabis businesses that collectively owe approximately $400 million in back taxes, penalties, and interest. The unanimous decision, with Councilmembers Traci Park and Hugo Soto-Martinez absent, advances a proposal from the Office of Finance ...
REVIEW: CannBev Summit-Recap from Brandon Bobart
MIAMI - The CannaBev Summit in Miami Beach took place at a pivotal moment for the hemp-derived THC beverage industry. The uncertainty referenced throughout the event is regulatory and political. Specifically, it centers on whether intoxicating hemp-derived THC beverages will continue to be federally permitted under the 2018 Farm Bill framework, or whether Congress and ...
What’s it Like Being a Black Entrepreneur in Cannabis?
COLUMBUS, OHIO- Although I was born and raised in Cleveland, my journey as a black entrepreneur in Cannabis didn’t start in a dispensary or at a grow facility. It actually started in culture, in music. I began my career at Virgin Records, where I had the privilege of working with amazing legends like Janet Jackson, ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – It's been another fortnight, and the numbers, the deals, and the science keep telling the same story: the Cannabis & Psychedelics space is not slowing down. A few from the MSOs pack shared their Q4 and full-year 2025 results, and they look solid, showcasing that disciplined operators can still grow revenue and ...
Trulieve Reports Q4 and FY 2025 Financial Results
TALLAHASSEE – Trulieve Cannabis Corp., the largest U.S. Cannabis retailer by store count, announced its full-year 2025 revenue of $1.2 billion, holding steady from the previous year as retail pricing pressures offset gains from new stores and wholesale expansion. The company, which operates 233 dispensaries across 11 states, achieved a 60% gross margin for the ...
Curaleaf Reports Q4 and FY 2025 Financial Results
NEW YORK – Curaleaf Holdings Inc. released its earnings for the fourth quarter and full year ended December 31, 2025, highlighting a return to top-line growth and steady margins in a tough domestic environment. The company posted Q4 net revenue of $333.1 million, up 2% from $327.9 million in the same period of 2024 and ...
DOJ Urges SCOTUS to Ban Cannabis Consumers from Owning Guns
WASHINGTON, D.C. –The U.S. Department of Justice is strongly urging the Supreme Court to uphold a federal rule that bars Cannabis consumers from legally owning or purchasing firearms. In a brief filed with the Court, Solicitor General D. John Sauer argues that banning Cannabis users from gun ownership is consistent with American history. The DOJ ...
GTI Reports Q4 and FY 2025 Financial Results
CHICAGO – Green Thumb Industries Inc. released its fourth-quarter and full-year 2025 earnings, showing revenue growth that outpaced the prior period even as pricing pressures continued to squeeze profitability metrics across its operations. The Chicago-based multi-state Cannabis operator posted net revenue of $311.1 million for the three months ended December 31, 2025. That figure marked ...
Psychedelic Alpha Released Q1 2026 Psychedelic Drug Development Bullseye Charts
LOS ANGELES – Psychedelic Alpha, the data-focused research and analysis group that monitors the psychedelics sector, published its latest Bullseye Charts showing the state of drug development programs as of the first quarter of 2026. The charts present the pipeline in two formats. One displays the full spectrum of candidates from discovery through potential approval. ...
Opinion: The Timing Has Never Been Better for Industrial Hemp
LOS ANGELES- A few years ago, ‘sustainable’ was a buzzword. Using the word ‘sustainable’ in marketing messages was a clever way for a company or brand appear to be living in the now, without having to do much to prove it. Times are changing. Governments are tightening purchasing standards. Corporations are being required to measure ...
Malta Raises Stock Limits for Cannabis Associations
VALLETTA – Maltese regulators have raised the amounts of Cannabis that non-profit associations can keep on hand, responding to supply challenges faced by the country's Cannabis clubs. The updates, introduced through a legal notice, replace a uniform 500-gram cap with membership-based tiers at distribution sites: Associations with more than 350 members may now hold up ...
California Cannabis Awards 2026 Opens Submission Window for Its Fifth Edition
SACRAMENTO – Organizers of the California Cannabis Awards have announced they are accepting entries for the 2026 competition. This will be the 5th edition of the state-sanctioned program that recognizes quality across licensed Cannabis products, and now it includes a new category for home growers. The submission period runs from February 23 through May 22, ...
Prohibition Partners Released Poland Medical Cannabis Market Review
WARSAW – Prohibition Partners has published its Poland Medical Cannabis Market Review 2026, a detailed examination of pharmacy-level sales data through the full year 2025 along with projections for 2026 and 2027. The report, prepared with input from analyst Alfredo Pascual, draws directly from records maintained by Poland’s Centrum e-Zdrowia. It covers 84 consecutive months ...
Opinion: The Hemp Industry Has Finally Split Into Two Lanes
LOS ANGELES- The word “hemp” can mean five different things depending on who is talking, that era is finally ending. The industry didn’t get simpler, federal policy is forcing it to. It’s something I have been fighting for for a long time. The result of the impending ‘hemp ban’ is a hard separation between intoxicating ...
Innovative Industrial Properties Reports Q4 FY2025 Financial Results
SAN DIEGO – Innovative Industrial Properties, Inc., the real estate investment trust specializing in properties leased to Cannabis operators, reported its fourth-quarter and full-year results for the period ended December 31, 2025. For the full year, total revenues came in at $266 million, down from $308.5 million in 2024. Net income attributable to common stockholders ...
