News
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 ...
LRS Publishes First Cannabis Industry Retirement Report
SEATTLE – The Cannabis industry has taken a notable step toward standardizing employee benefits with the release of its first dedicated retirement report, shedding light on a benefit long limited by federal restrictions. Leading Retirement Solutions (LRS), an expert in retirement plans for Cannabis businesses, has published the inaugural Cannabis Industry Retirement Report – the ...
Gotham NYC Launches Accelerator for Black-Owned Cannabis Brands
NEW YORK – Gotham NYC, the city's first Cannabis concept store known for blending retail with art, design and culture, has rolled out a new business accelerator aimed at supporting growth-stage Cannabis consumer-product companies owned by Black entrepreneurs. The Gotham Growth Project (GGP) is a six-session, cohort-based program that delivers structured guidance, expert instruction, peer ...
New York Bills Advance Low-THC Drinks in Liquor Stores
NEW YORK – A fresh legislative push in New York could soon let customers pick up low-dose Cannabis beverages at their neighborhood liquor store, blending two longstanding retail worlds under tight rules. State Senator Jeremy Cooney (D), who chairs the Senate Subcommittee on Cannabis, introduced Senate Bill S9220 with a companion measure, Assembly Bill A10191, ...
Rubicon Completes First Harvest at New Cascadia Facility in British Columbia
VANCOUVER, BC – Rubicon Organics Inc. has reached a key operational step with the completion of its first harvest at the newly acquired Cascadia facility in Hope, British Columbia. The company announced this milestone the same day it hosted a grand opening event at the site. Attendees included employees, local government representatives, and industry partners ...
GTI Secures $50M Credit Boost
CHICAGO – Green Thumb Industries Inc. has increased its syndicated credit facility by $50 million, raising the total borrowing capacity to $189 million. This incremental draw carries the same market-competitive terms as the original September 2024 facility: interest at SOFR plus 500 basis points, with maturity extended to September 11, 2029. Proceeds are earmarked for ...
Obituary: Barbara Webb: A Leader in Cannabis
From the Editorial Team at Highly Capitalized Network OBITUARY- Barbara Lynne (Christenson) Webb passed away on November 23, 2025, in Traverse City, Michigan, surrounded by her close family. Within the Cannabis industry Barbara was known for her clarity, sound judgment, and generosity with her time. She listened carefully, offered practical advice, and mentored people who ...
Cannabis-Infused Products Market to Reach $41B Billion in 2026, Research and Markets Reports
LOS ANGELES – Research and Markets has published its latest report on the Cannabis-infused products sector, forecasting the global market to grow from $33.62 billion in 2025 to $41.44 billion this year, a compound annual growth rate of 23.2%. The analysis extends the outlook through 2030, when the market is expected to reach $94.42 billion ...
Curaleaf Completes $500M Debt Refinancing, Extends Maturity to 2029
STAMFORD – Curaleaf Holdings Inc. has finalized a $500 million private placement of 11.5% senior secured notes maturing on February 18, 2029. The company announced the closing, marking what it describes as the largest bond offering in the U.S. Cannabis sector to date. The proceeds primarily refinanced Curaleaf's existing $475 million senior secured notes [of ...
Virginia Medical Cannabis Generated Over $15M in January
RICHMOND – Virginia's medical Cannabis market reaped $15.1 million in sales during January, according to a report published by the Virginia Cannabis Control Authority. The figure, drawn from 126,706 transactions across the state's licensed pharmaceutical processors and dispensing facilities, reflects activity limited to registered medical patients. Flower products averaged $10.20 per gram, according to the ...
