News
Jushi Reports Q3 2026 Financial Results
BOCA RATON – Jushi Holdings Inc. released its third-quarter 2026 financial results, reporting $70.5 million in revenue, a 7% YoY gain driven by record wholesale volume and retail growth across several key states, even as pricing pressure continued to compress margins. The company’s wholesale segment led the quarter, surging 40% YoY to $9.7 million and ...
Verano Reports Q3 2026 Financial Results
CHICAGO – Verano Holdings Corp. reported $212.4 million in third-quarter revenue, a 5% increase YoY. The figure came in modestly below analyst estimates of $216.4 million and trailed the $217.9 million posted last quarter, but the more significant story emerged in operating cash flow. Cash from operations reached $49 million for the quarter, nearly doubling ...
How to Survive MJBizCon: Parties, Meetings and Making It Worth the Trip
LAS VEGAS- An HCN guide to better connections, good parties and making the trip pay off long after Vegas Every year, sensible cannabis professionals travel to Las Vegas carrying three business objectives, two phone chargers and a touching belief that they will get enough sleep. Within 48 hours they are standing under a chandelier, eating ...
Could California Become Germany’s Next Recognizable Cannabis Origin?
LOS ANGELES- California’s products and ideas have been crossing the Atlantic for decades. Germans watch Hollywood films, listen to West Coast hip-hop, drink Californian wine and use technology developed in Silicon Valley. The cultural connection can be wonderfully incongruous. A German music fan can dress for Compton while waiting for a tram in Berlin. California ...
Germany’s Medical Cannabis Market Is Becoming a Global Supply Opportunity
LOS ANGELES- Germany’s medical Cannabis market offers North American producers an opportunity that exists today: supplying prescription products through an established pharmaceutical channel. Its significance lies in the combination of rising imports, regulated distribution and buyers able to source internationally. Understanding that opportunity requires looking beyond legalization headlines. The market is shaped by prescribing, pharmacy ...
PROFILE: Jonathan Jacobsen: Building The Export Bridge To Europe
LOS ANGELES - Many cannabis businesses were created to grow more cannabis Jonathan Jacobsen is pursuing a more complicated objective: building the regulated infrastructure required to move medical cannabis between countries. After acquiring High Ground Medica, Jacobsen took the helm with a plan to develop the Canadian company into an international medical cannabis platform connecting ...
Curaleaf Refuses to Back Down
STAMFORD – One day after the Alberta Securities Commission (ASC) dismissed Curaleaf's application to shut down Aurora Cannabis's at-the-market (ATM) share issuance program, Curaleaf Holdings pushed back with a firm statement, insisting the ruling changes nothing about the fundamental merits of its hostile bid. Boris Jordan, Curaleaf's Board Chairman and CEO, argued that the core ...
Cannabis Users Trust Dispensary Staff Over Doctors, Federal Study Finds
LOS ANGELES – People who use Cannabis trust dispensary staff more than healthcare providers or government agencies for information about the substance, according to a study published in the journal Drugs: Education, Prevention and Policy. Researchers from the University of California, Johns Hopkins University, and several other institutions surveyed 1,023 U.S. adults aged 18-plus who ...
New York Cannabis Tops $4 Billion in Retail Sales
NEW YORK – Less than four years after the state welcomed its first licensed adult-use customer, New York's regulated market has crossed a major cumulative sales threshold, placing it among the top three recreational Cannabis markets in the country. Gov. Kathy Hochul announced that New York's legal Cannabis market has surpassed $4.1 billion in cumulative ...
SNDL Reports Q3 2026 Financial and Operational Results
EDMONTON – SNDL Inc. released its third-quarter 2026 results, reporting record quarterly free cash flow of CA$20.0 million, up 19.5% YoY, and a return to positive adjusted operating income of $5.2 million, compared with a $9.5 million loss in Q3 2025. Cannabis retail, operating across 193 Canadian locations, delivered its highest-ever quarterly revenue alongside a ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – The Cannabis and Psychedelics industries closed out the past fortnight with a full plate of international boardrooms debates, M&A combat, a federal rescheduling docket moving toward a recommended decision, ballot momentum heading into November, and a crop of brand and capital moves that confirm operator confidence even in a price-compressed market. 1. ...
Alberta Regulator Sides with Aurora, Dismisses Curaleaf’s ATM Challenge
EDMONTON – The Alberta Securities Commission (ASC) dismissed Curaleaf Holdings' application to halt Aurora Cannabis's at-the-market (ATM) share-sale program, delivering a regulatory setback to the American Cannabis company's hostile takeover campaign. The ruling confirmed that Aurora's ATM program is compliant with securities laws. Curaleaf had filed a complaint with the ASC to halt Aurora's ATM ...
Safe Harbor and Opifex Media Set Terms for a Shared Nasdaq Future
DENVER — SHF Holdings, Inc., which operates as Safe Harbor Financial, has signed a non-binding term sheet with Opifex Media Inc. to combine the two companies under one publicly traded parent. Opifex, a Beverly Hills-based holding company with assets in publishing, music and video, would merge into a newly formed Safe Harbor subsidiary, with the ...
New Mexico Pushes to Open Medical Psilocybin Program
SANTA FE – When Governor Michelle Lujan Grisham signed Senate Bill 219 into law in April 2025, New Mexico became the third U.S. state to authorize medical psilocybin, with a statutory deadline of December 31, 2027, to have the program fully operational. Eighteen months later, state officials are targeting first patient treatments by December 2026, ...
DEA Judge Admits GAO Report, Rejects Prohibitionists’ Attempt to Reopen Cannabis Rescheduling Hearings
WASHINGTON – Chief Administrative Law Judge Derek Julius admitted a Government Accountability Office report into the DEA's marijuana rescheduling record and turned down the other requests opponents had filed to slow the case. Opponents had asked to reopen the hearing, call new witnesses, obtain GAO's working files, cross-examine FDA's Dominic Chiapperino a second time, and ...
DEA Calls Cannabis Rehearing Bid a Prohibitionists’ “Fishing Expedition”
WASHINGTON – The Drug Enforcement Administration submitted a new brief, urging Chief Administrative Law Judge Derek C. Julius to reject a request to reopen the federal marijuana rescheduling hearing, calling the demand an "obvious fishing expedition." The filing was a direct response to a motion from anti-rescheduling groups like DUID Victim Voices, physician Kenneth Finn, ...
November Midterms: Cannabis at the Ballot Box
LOS ANGELES – NuggMD conducted the survey, drawing on interviews with 654 Cannabis consumers across states with existing legal markets. Here’s what the numbers say: 78% of respondents surveyed stated that a candidate's position on Cannabis policy would influence their vote this November. Of those, 41% responded that it "significantly" influences their decision. 37% answered ...
The Emerging ”Export Bridge” Between Canadian Cannabis and European Medicine
LOS ANGELES- Canada has no shortage of cannabis. Europe has no shortage of demand. The difficult part is connecting the two through a pharmaceutical supply chain that can satisfy regulators, protect product quality and deliver consistent commercial returns. Here we look at one company called High Ground Medica believes, who believes it can provide that ...
North Carolina Voters Overwhelmingly Support Cannabis Legalization
RALEIGH – A SurveyUSA poll found that nearly three-quarters of North Carolina adults support legalizing medical Cannabis, while a clear majority backs adult-use reform as well. The survey covered 900 registered voters with a credibility interval of ±4.2 percentage points. Support for medical Cannabis registered at 74%, with only 15% opposed and 11% undecided. Adult-use ...
Rubicon Secures Strategic Capital to Upgrade Pacifica Facility
VANCOUVER – Rubicon Organics Inc. has closed a non-brokered strategic private placement with Siwash Rock Investments, Inc. Under the terms of the transaction, Siwash Rock Investments acquired 6,666,667 common shares at $0.45 per share, yielding aggregate gross proceeds of approximately $3 million. No finder's fees or commissions were paid in connection with the deal. The ...
Curaleaf Accuses Aurora of Locking Out Its Highest Bidder
STAMFORD – Curaleaf Holdings Inc. came out swinging Monday morning, publicly challenging Aurora Cannabis's latest recommendation that shareholders REJECT its enhanced takeover proposal. In a statement, outlined in the official press release, Curaleaf Chairman and CEO Boris Jordan accused Aurora's board of granting confidential due-diligence access to unnamed third parties while repeatedly denying that same ...
Seed Junky Partners with Trulieve to Bring Premium Genetics to Pennsylvania
LOS ANGELES – Seed Junky Genetics announced the expansion, confirming a new exclusive licensing agreement that covers Pennsylvania. The companies had already collaborated in Florida for several years. Under the updated terms, Trulieve Cannabis Corp. will reintroduce Seed Junky as a standalone brand in Florida, while offering authentic Seed Junky Genetics products to Pennsylvania patients ...
Pre-Rolls and Multipacks Gain Momentum Across the US, BDSA Finds
LOUISVILLE – According to BDSA's latest retail tracking, U.S. pre-roll sales reached $4.4 billion over the 12 months ending July 2026, up 13% year over year, outpacing vape (up 6%) and flower by a wider margin. Pre-roll now accounts for 14% of all Cannabis retail spending, holding third position in total sales behind flower and ...
Cronos Closes Dutch Cannabis Deal, Claims European Market Lead
TORONTO – Cronos Group Inc. completed the acquisition of CanAdelaar B.V., securing the undisputed market-share leader inside the Dutch Wietexperiment – a government-designed, closed-loop Cannabis supply pilot. The base purchase price stands at €57.5 million (approx. US$67 million), with performance-linked cash payments tied to CanAdelaar's EBITDA in both 2026 and 2027. CanAdelaar is the only ...
Aurora Cannabis Stands Its Ground as Curaleaf’s Sweetened Bid Falls Short
EDMONTON – Aurora Cannabis Inc. confirmed that its board, acting unanimously on the recommendation of its Special Committee of independent directors, is advising shareholders to REJECT the revised hostile takeover offer from Curaleaf Holdings Inc. and to TAKE NO ACTION ahead of a parallel strategic review now underway. Curaleaf filed its enhanced offer on October ...
