Legal Affairs
The Role of Government Relations in Cannabis Industry Success
NEW YORK — In highly regulated industries, success depends not ...
Senate Democrats Advance Plan For Federal Legalization Of Cannabis
WASHINGTON – Sens. Cory Booker (D-NJ), Ron Wyden (D-OR), and ...
RIOCOCO Opens Its Largest Single Production Site in Sri Lanka
KATUPOTHA – RIOCOCO, one of the world's leading manufacturers of coconut coir growing substrates, has opened the largest single coco coir production facility in Sri Lanka, built at its existing base in Katupotha and operational ...
California Backs Psychedelic Research for Veterans
LOS ANGELES – When Gov. Gavin Newsom signed Assembly Bill 113, he gave California the distinction of becoming the first state to fund psychedelic-assisted therapy research through an official budget appropriation. The legislation channels $4.7 ...
Kite Challenges Trends with Mindful Wellness Cannabis Line
NEW BRITAIN – A new Cannabis brand out of Connecticut is making a clear break from convention. Kite, founded by entrepreneur and lifelong athlete Oz Pariser, launched its first product line this week with a ...
Canopy Growth Powers European Expansion with UK Entry
SMITHS FALLS – Canopy Growth Corp. announced that it will supply four Canadian-grown medical Cannabis flower strains for distribution in the United Kingdom, expanding its international Cannabis business into another European market. The products will ...
Canna Cabana Takes the Widest Lead Yet in Canadian Cannabis Retail
CALGARY – A Retailer Insights Report compiled by Rebel & Thorn, a media and marketing consultancy, shows Canna Cabana extending its position across Canadian Cannabis retail in Q3 2026. The findings span brand awareness, primary ...
Trulieve Earns Its Spot on the S&P Indices
TALLAHASSEE – Trulieve Cannabis Corp. announced that S&P Dow Jones Indices had added the company to the S&P Total Market Index, the S&P Completion Index, and their respective health care sub-indices – S&P TMI Health Care and ...
GTI Bets on Its Own Stock, Again
CHICAGO – Green Thumb Industries Inc. announced that its board of directors had authorized a $50 million share repurchase program – the company's third consecutive buyback initiative since 2023. Under the new program, Green Thumb ...
RIOCOCO Opens Its Largest Single Production Site in Sri Lanka
KATUPOTHA – RIOCOCO, one of the world's leading manufacturers of coconut coir growing substrates, has opened the largest single coco coir production facility in Sri Lanka, built at its existing base in Katupotha and operational ...
California Backs Psychedelic Research for Veterans
LOS ANGELES – When Gov. Gavin Newsom signed Assembly Bill 113, he gave California the distinction of becoming the first state to fund psychedelic-assisted therapy research through an official budget appropriation. The legislation channels $4.7 ...
Kite Challenges Trends with Mindful Wellness Cannabis Line
NEW BRITAIN – A new Cannabis brand out of Connecticut is making a clear break from convention. Kite, founded by entrepreneur and lifelong athlete Oz Pariser, launched its first product line this week with a ...
LEEF Brands Reports Q2 2026 Financial Results
VANCOUVER – LEEF Brands Inc. posted gross profit up 62% and gross margin that nearly doubled year-over-year, even as top-line revenue fell by 16%. Net revenue reached $7.3 million, down from $8.7 million in Q2 ...
ACT LAB Enters NJ Cannabis Market with Sriven Labs Acquisition
TRENTON – ACT LAB, a Cannabis and hemp testing and compliance laboratory network, announced its entry into New Jersey through the acquisition of Sriven Labs (SV Labs – NJ), a licensed and ISO-accredited testing laboratory ...
Cresco Labs Reports Q2 2026 Financial Results
CHICAGO – Cresco Labs Inc. released its second-quarter 2026 financial results, offering a clear look at how the multistate operator performed through the end of June. The company, known for its branded products and Sunnyside ...
Curaleaf Reports Q2 2026 Financial Results
STAMFORD – Curaleaf Holdings Inc. posted second-quarter 2026 revenue of $340.1 million, up 10% year-over-year and 5% sequentially; with net income from continuing operations of $12.5 million, or $0.05 per share, reversing a $48.1 million ...
Aurora Cannabis Reports Q1 FY 2027 Financial Results
EDMONTON – Aurora Cannabis Inc. released its first-quarter fiscal 2027 results, covering the period ended June 30, 2026. The Canadian medical Cannabis company highlighted growth in its international segment alongside a smaller overall revenue figure ...
GTI Reports Q2 2026 Financial Results
CHCAGO – Green Thumb Industries Inc. reported Q2 2026 revenue of $306.7 million, clearing Wall Street's consensus estimate of $298.99 million by roughly $8 million. The result represented a 4.6% year-over-year gain, driven primarily by ...
Verano Reports Q2 2026 Financial Results
CHICAGO – Verano Holdings Corp. posted net revenue of $218 million for the three months ended June 30, 2026, up 8% year-over-year from $202 million in Q2 2025, and up 5% sequentially from $208 million ...
RYTHM Reports Q2 2026 Financial Results
ROLLING MEADOWS – RHYTHM, Inc. posted revenue from continuing operations of $23 million in the second quarter of 2026, a 73% sequential increase that cleared management's own guidance of 65% growth. For context. Total revenue ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – The final days of July and the opening of August delivered a concentrated burst of news that touched labor, capital markets, federal regulation, and cross-border insolvency. A historic labor settlement, a one-company ...
MJBowl Adds Colorado for Its Second Year
LOS ANGELES – The MJBowl, the Cannabis product competition co-presented by MJBizCon and professional review platform Budist, is returning for its second year, with Colorado joining California and New York in the competition pool for ...
FDA Issues Final Guidance on Psychedelic Drug Trials
SILVER SPRING – The FDA published its final guidance titled "Psychedelic Drugs: Considerations for Clinical Investigations" in the Federal Register, finalizing a draft that first appeared in June 2023. Issued by the Center for Drug ...
Vireo Growth Re-Enters Ohio Through Four Concurrent Deals
MINNEAPOLIS – Vireo Growth Inc. announced that it has signed four separate Securities Purchase Agreements to acquire all membership interests of FarmaceuticalRx LLC, FarmaceuticalRx 2 LLC, CAOH LLC, and Canoe Hill Ohio, LLC. The four ...
Cannabis Workers Win Biggest Strike in U.S. History
BARRY – Employees at Ascend Wellness's Cannabis cultivation facility in Barry, Illinois, ratified their first union contract on July 30, ending a 30-day unfair labor practice strike that the International Brotherhood of Teamsters says was ...
Final Bell Exhausts Strategic Options, Files for Bankruptcy in Canada
LOS ANGELES – Final Bell Holdings International Ltd. has made a voluntary assignment in bankruptcy under Section 49 of Canada’s Bankruptcy and Insolvency Act. A Licensed Insolvency Trustee was appointed, and the Office of the ...
LEEF Brands Secures Processing Facility With $5.2M Preferred Round
VANCOUVER – LEEF Brands, Inc. announced the closing of a $5.2 million preferred share financing. The proceeds will fund the purchase of a Cannabis processing and storage facility that will dry, cure, freeze, and store ...
SNDL Reports Q2 2026 Financial and Operational Results
EDMONTON – SNDL Inc. announced the completion of assets acquisition from Surterra Holdings, Inc. and its affiliates, collectively known as Parallel, a vertically integrated Cannabis operator with state-licensed operations in Florida, Texas, and Massachusetts. The ...
OCHBS: From Music to Cannabis: Building Ohio’s Largest Cannabis Conference: Profile: Lenny Berry
Lenny Berry is the Founder and CEO of the Ohio Cannabis Health & Business Summit (OCHBS), one of the Midwest's leading Cannabis conferences. A longtime entrepreneur and former music industry executive, he founded OCHBS in ...
From Music to Cannabis: Building Ohio’s Largest Cannabis Conference: Profile: Lenny Berry
Lenny Berry is the Founder and CEO of the Ohio Cannabis Health & Business Summit (OCHBS), one of the Midwest's leading Cannabis conferences. A longtime entrepreneur and former music industry executive, he founded OCHBS in ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
