News
How the Irish Helped Shape — and Continue to Shape — the Modern Cannabis Industry
LOS ANGELES -For a small island, the Irish have a remarkable habit of turning up everywhere. From politics and literature to science and business, the Irish diaspora has left fingerprints across the modern world. Cannabis history is no exception. Some of the most important figures in the evolution of Cannabis — from early medical research ...
Women’s History Month: Supporting the Woman Who Supported Me
By Guy Rocourt. LOS ANGELES-March is Women’s History Month, and with International Women's Day celebrated earlier this month, it’s a good moment to reflect on the women whose strength, leadership, and resilience shape our lives and our work. For me, that reflection is deeply personal. For years my wife, Anea Bogue, supported me while I ...
SNDL Reports Q4 and FY 2025 Financial Results
EDMONTON – SNDL Inc. disclosed its fourth-quarter and full-year 2025 earnings for the period ended December 31, 2025, illustrating a clear divergence in performance across its two main retail pillars: sustained progress and margin expansion in Cannabis operations that more than compensated for softness in the liquor business. Net revenue for Q4 came in at ...
Ascend Wellness Reports Q4 and FY 2025 Financial Results
NEW YORK – Ascend Wellness Holdings Inc. released its fourth-quarter and full-year 2025 earnings, underscoring a calculated shift among MSOs toward operational and margin discipline in response to persistent industry challenges. The disclosure illustrates how established players are recalibrating priorities away from unchecked expansion and focusing on refined cost structures, retail execution, and selective growth. ...
Village Farms Reports Q4 and FY 2025 Financial Results
VANCOUVER – Village Farms International, Inc. released earnings demonstrating a significant operational turnaround – the result of deliberate strategies focused on enhancing production efficiencies, expanding global export channels, and optimizing product mix in its Cannabis operations. The company posted net income from continuing operations of $21 million for the year ended December 31, compared with ...
TerrAscend Reports Q4 and FY 2025 Financial Results
TORONTO – In an industry still wrestling with persistent pricing compression, TerrAscend Corp. managed to hold the line on profitability while posting modest sequential growth in its latest quarter. The company released its financial results, showing net revenue of $66.1 million in Q4, up 1.6% from Q3, and $260.6 million for the full year, down ...
Michigan Cannabis Sales Hit $3.17B in 2025, First Annual Decline Since Legalization
LANSING – Michigan consumers purchased $3.17 billion in recreational Cannabis products in 2025, the Cannabis Regulatory Agency (CRA) reported, marking the first year-over-year drop in total sales revenue since the state began adult-use retail operations in late 2019. The figure represents a decline of approximately $113 million, or 3.4%, from the $3.29 billion recorded in ...
MariMed Reports Q4 and FY 2025 Financial Results
NORWOOD – MariMed Inc. released its fourth-quarter and full-year 2025 financial results, reporting a modest revenue increase that reflects the company’s focus on branded wholesale gains in an environment of sustained margin compression across multiple Cannabis markets. Revenue for the full year totaled $159.8 million, a 1.3% rise from $157.7 million in 2024. The gain ...
Verano Reports Q4 and FY 2025 Financial Results
CHICAGO – Verano Holdings Corp. released its financial results for the fourth quarter and full year ended December 31, 2025, showing sequential revenue growth and improved gross margins in the final three months but a full-year sales decline amid ongoing price pressures in the Cannabis market. The multi-state operator posted net revenues of $206.6 million ...
Cannabinoids and Fatty Liver Disease: Emerging Research Highlights a Growing Health Challenge for Seniors
LOS ANGELES- A growing body of scientific research is examining how compounds derived from Cannabis may interact with metabolic diseases that affect hundreds of millions of people worldwide. Among the most widespread of these conditions is metabolic dysfunction-associated steatotic liver disease (MASLD)—a disorder previously known as non-alcoholic fatty liver disease. MASLD affects roughly one-third of adults ...
Hawaii Moves Forward on Psychedelic Therapy Research Framework
HONOLULU – The Hawaii Senate approved legislation that would set up a state task force to examine ways to bring breakthrough mental health treatments, like psilocybin- and MDMA-assisted therapies, into clinical and policy discussions. Senate Bill 3199, sponsored by Sen. Chris Lee (D), cleared the chamber on a unanimous 24-0 vote with one senator excused. ...
Texas Restricts Sales of Smokable Hemp Products Effective March 31
AUSTIN – Texas retailers must pull smokable hemp products from shelves by the end of the month under final rules adopted by the Department of State Health Services (DSHS). The regulations, which take effect March 31, effectively ban the manufacture, distribution, and sale of hemp flower and extracts by requiring total THC testing that includes ...
Illicit Cannabis Activity Drops in States with Adult-Use Legalization, CU Study Finds
NEW YORK – A new analysis from Columbia University’s Mailman School of Public Health shows that states moving beyond medical Cannabis legalization to allow recreational use saw a sharp decline in law enforcement seizures of the drug, offering fresh evidence on how policy changes affect underground supply chains. The survey, published in the International Journal ...
Kentucky House Approves Unified Regulations for Alcohol and THC-Infused Products
FRANKFORT – The Kentucky House of Representatives has approved House Bill 9, a comprehensive measure that overhauls the state's taxation and regulatory framework for alcohol, Cannabis-infused beverages, hemp-derived products, and related intoxicating substances. The bill passed the House by a 63-31 vote and now heads to the Senate for consideration. Sponsored by Rep. Matthew Koch ...
Minnesota House Panel Passes Bill for Psilocybin Therapy Pilot
SAINT PAUL – A Minnesota House committee has cleared a measure to set up a limited program for psilocybin-assisted therapy, marking a significant step toward regulated access for adults facing certain mental health issues. Yesterday, the Health Finance & Policy Committee approved HF 2906 on a bipartisan voice vote, sending it next to the Commerce ...
Vapes Outsell Flower in California Cannabis as Gen Z Drives Change, Again
SAN FRANCISCO – Vape pens have overtaken traditional flower as the top-selling Cannabis format in California for the first time, with Generation Z consumers leading the decisive shift. Once again, their preferences have reshaped spending patterns across the nation’s largest legal Cannabis market. According to figures from the California Department of Cannabis Control, vape sales ...
Colorado Lawmakers Weigh Options for Cannabis Tax Bump
DENVER – Colorado legislators have introduced a bill that would put a small increase in Cannabis taxes before voters this November, aiming to generate funds for mental health programs even as the state's Cannabis market faces ongoing revenue drops. House Bill 26-1301, sponsored by Democratic Representatives Judy Amabile and Bob Marshall, calls for raising both ...
Retail Launch in 2026 or 2027? Why Virginia Operators Must Prepare Before Reconciliation Concludes
VIRGINIA- With gubernatorial alignment and both chambers advancing sales legislation, Virginia’s adult-use market is transitioning from policy debate to execution planning. The House maintains a November 2026 activation date; the Senate proposes January 2027. Conference negotiations will finalize timing and allocation formulas. License categories remain comprehensive. Retail caps, cultivation limits, equity thresholds, and conversion fees ...
Ownership Disclosure and 25% Change-of-Control Triggers: How Virginia Will Scrutinize Your Cap Table
VIRGINIA- Ownership transparency and anti-concentration controls remain central to Virginia’s adult-use legislation. Beneficial ownership disclosure requirements capture layered structures and indirect control arrangements. Transfers require Board approval, generally triggered at 25 percent ownership changes within 24 months. This provision directly limits incremental roll-up strategies. The anti–undue–influence mandate empowers regulators to scrutinize capital sources and governance ...
February Cannabis Haul Tops $9M in Rhode Island
PROVIDENCE – The regulated Cannabis market in Rhode Island recorded $9.32 million in total sales in February 2026, which is about a 4% increase from the $8.98 million tallied in February 2025, according to figures reported by the Rhode Island Cannabis Control Commission. The breakdown shows adult-use purchases accounting for $8.33 million of the monthly ...
Alcohol Sales Slide as Cannabis Brings in $2.5B for Canada
OTTAWA – Federal and provincial governments in Canada collected $2.5 billion from recreational Cannabis in the fiscal year 2025, marking an 11.5% increase from the prior year. This growth in Cannabis-related earnings contrasts with a 4.2% decline in alcohol revenues, which totaled $13.1 billion – the steepest annual drop since 2004. Retail sales tell ...
ANALYSIS: When Oil Spikes, Cannabis Feels It Too
NEW YORK–Energy markets reacted immediately following the U.S.-Israeli strike on Iran. The operation — named by the Department of War (formally the U.S. Department of Defense)— raised fears of disruption to energy flows through the Strait of Hormuz. Before the attack, Brent crude was trading in the high-$70s per barrel. Within days it surged above ...
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 ...
