House-passed legislation would remove the terms ‘severe’ and ‘end-state’ from qualifying conditions, while a Senate bill would increase the THC limit. …
Patients, Providers, Advocates Gather at NY Capitol, Decry Deterioration of Medical Cannabis Program
The advocates are demanding action from elected officials amid dispensary closures curtailing access to medical products unavailable in the adult-use market. …
New Jersey Governor Proposes 500% Tax Hike on Cannabis Cultivators as $7 Million Fund Remains Untouched
Gov. Phil Murphy proposed that licensed growers pay an additional $200 per pound tax when they sell or transfer products. …
Cannabis CEO ‘bullish’ on Pennsylvania legalizing recreational market
Pennsylvania will join the ranks of the U.S. adult-use markets either this year or next. That’s the prediction laid out by Gibran Washington, chief executive of Pennsylvania-based Ethos Cannabis – and he’s willing to put money on it. The primary question, he said, is what kind of market structure lawmakers will …
Texas lawmakers consider state-wide ban on most hemp products
Texas lawmakers are considering sweeping legislation that would effectively ban most hemp-derived products in the state, with a medical marijuana expansion pack pegged as a concessional trade off. Senate Bill 3, authored by state Sen. Charles Perry, would prohibit all cannabinoids except CBD and CBG, a move industry folks say …
Vireo Growth grows revenue, net loss in 2024 but expansion is on the horizon
Vireo Growth (CSE: VREO) (OTCQX: VREOF) reported record revenue for fiscal 2024, exceeding analysts’ expectations, and boosted its cash pile to fuel what executives call a “transformational” 2025 fueled by pending mergers and the anticipated launch of adult-use cannabis sales in Minnesota. The Minneapolis-based cannabis company announced Tuesday that its …
Nextleaf back into the black in first quarter of fiscal 2025
British Columbia-based marijuana processor Nextleaf Solutions Ltd. (CSE: OILS) (OTCQB: OILFF) (FSE: L0MA) on Tuesday reported net income of C$530,402 for its first quarter of the 2025 fiscal year, which ended Dec. 31. That follows a net loss of C$1.4 million it lost for fiscal year 2024, which ended in… …
MariMed Acquires First State Compassion Center in Delaware
The acquisition integrates the Delaware cannabis operator’s cultivation and processing facilities and two dispensaries into MariMed’s operations. …
Curaleaf Reports $1.34 Billion in 2024 Revenue
The cannabis company also reported an operating cash flow from continuing operations of $163 million and a net loss of $216 million in 2024. …
60% of Cannabis Consumed in California Comes From Unregulated Market as Licensed Production Grows
The state issued a market outlook report that projects stabilizing prices, an industry value uptick, and growth in the licensed market in 2025. …
Report: Illicit market dominates California cannabis, but analysts see opportunity
After more than seven years of legal marijuana sales, fully licensed businesses in California have managed to capture just 40% of the state’s entire cannabis market, while the thriving underground trade still has a hold on about 60% of it and continues to illegally export millions of pounds of cannabis. …
New York launches new white labeling license
The potential of New York’s adult-use cannabis market has had out-of-state operators champing at the bit to get their pieces of the pie, but the state’s regulators designed the program to protect the market opportunity for residents and keep large multistate operators out. But a new license – the Adult-use …
As California Cannabis Rush Dries Up, Operators Look East
The Artist Tree, with nine dispensaries and two lounges, is searching for new opportunities, but there are fewer and fewer places for new stores in California. …
Green Thumb Opens 12th RISE Dispensary in Nevada
The cannabis company’s new retail location in Henderson is also its 102nd store nationwide. …
Airflow Mapping: What Is It?
A Cannabis Business Times reader asks industry expert Kenneth Morrow about how airflow mapping can be used to optimize a cannabis crop’s health. …
INNEXO Cracks the Code: Identifying Cannabis Seed Phenotypes Before They Grow
Non-destructive sorting of seeds based on phenotypical traits is becoming a reality. …
Shift to Malaysia proves increasingly valuable for Ispire
Ispire’s (Nasdaq: ISPR) decision to shift vape hardware manufacturing out of China is proving “more and more valuable as every day goes on,” according to Dennis Lider, the company’s senior vice president of cannabis, as the U.S. confronts rising tariffs on imports from that country. In an interview, Lider spoke …
PharmaCielo aims for profitability by late 2025 despite going concern
PharmaCielo Ltd. (TSXV: PCLO) (OTC Pink: PCLOF) more than tripled its sales in its latest quarter, compared with the same period a year ago, but filings show liquidity concerns that could threaten the company. The Canada-based international cannabis company reported revenue of C$1.13 million in in the fourth quarter ending …
Simply Solventless continues acquisition spree, closes purchase of Delta 9 Bio-Tech
Calgary-based Simply Solventless Concentrates Ltd. (TSXV: HASH) (OTC: SSCLCF) on Friday announced that its purchase of cannabis grower Delta 9 Bio-Tech Ltd. has formally closed for C$3 million in cash. Simply Solventless in January made a C$750,000 down payment towards the total purchase price and paid the remainder this week, …
Village Farms International Expands Medical Cannabis Distribution to New Zealand
The Canadian company expanded its exports overseas with its top-selling Pink Kush cultivar. …