Cannabis and hemp research firm Whitney Economics lowered its U.S. cannabis retail market forecast through 2030, cutting projected sales by $21.1 billion, according to a new report released Wednesday afternoon.
The Oregon-based consultancy now forecasts 2025 U.S. legal cannabis sales will reach $34 billion, which represents 13.1% growth from 2024’s $30.1…
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At the recent Pennsylvania Cannabis Convention in Pittsburgh, stakeholders in the existing medical market all fear that the state may legalize adult-use cannabis but pivot to a state store program. They claim this will crush the 25,000 jobs created with the medical program. The state currently hosts numerous MSOs as well as up-and-coming home-grown businesses. The lawmakers are considering other options and the stakeholders are hoping they can sway their representatives away from state stores.
NECANN helped produce the event, which brought together patients and the companies that serve them in the state.
The post Pennsylvania’s medical market does not want state run stores appeared first on Green Market Report.
SNDL Inc. (Nasdaq: SNDL) is buying 32 cannabis retail stores known as Cost Cannabis and T Cannabis in Ontario, Alberta and Saskatchewan from 1CM Inc. (CSE: EPIC) (OTCQB: MILFF) in a deal valued at C$32.2 million. The deal is expected to close by the end of the third quarter of…
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Company leadership at Tilray Brands (NASDAQ: TLRY) insisted during the quarterly earnings call on Tuesday that an eye-popping $793.5 million net loss for its most recent quarter is no big deal, given that the business is continuing to pivot and expand its footprint internationally in both cannabis and beverages.
The loss…
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At least some of Connecticut’s 38 social equity marijuana licenseholders are pushing state legislators to revise state law to allow them to cash out and walk away from the industry in three years instead of the original seven-year ownership requirement that was written into regulations.
Several of the 38 – which…
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New York marijuana regulators are reportedly investigating six companies that may have taken part in illegal shipments of cannabis across state lines in violation of both federal and state law, according to The New York Times.
The targets of the investigation, according to unnamed sources, include California-based Stiiizy and Turn, Oregon-based…
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New Mexico Gov. Michelle Lujan Grisham signed the Medical Psilocybin Act, making it the third state in the country to legalize access to psilocybin.
Green Market Report had previously written that S.B. 219, also known as the Medical Psilocybin Act, was approved with bipartisan veto-proof majorities in both chambers of the state…
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Tilray Brands (NASDAQ: TLRY) reported third-quarter fiscal 2025 financial results Tuesday showing reduced cannabis sales and lowered forecasts, triggering a swift investor reaction.
Shares were down 6.56% to $0.54 in morning trading as investors responded to both the significant losses and downward revisions to future revenue projections.
Cannabis sales declined during the…
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Cannabis is not an industry for the timid. The plant remains federally illegal, with little movement toward change. Banking continues to be an issue, and legislative relief seems to be a low priority. Businesses can’t claim standard tax deductions, and rules vary wildly from state to state. And don’t forget plunging…
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The Massachusetts cannabis industry has continued to grow in recent years, and social equity advocates want to rein in state lawmakers who want to let regulators issue even more business permits. The goal is to protect the market share of small cannabis companies that have yet to really find their…
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