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The Business of Cannabis by ExtrovertingJan 24, 20256:03 AMJanuary 24, 2025
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Are cannabis cafes coming to Connecticut?

Connecticut House of Representatives by Rep. Aundré Bumgardner, D-Groton and Stonington, has introduced a bill to amend the cannabis law to allow cannabis cafes and restaurants. The sparse on-sentence bill would permit the opening of lounges that would offer cannabis-infused food items, beverages and other products. Twelve states out of …

The Business of Cannabis by ExtrovertingJan 24, 20255:00 AMJanuary 25, 2025
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Pure Cannabis ETF trims Green Thumb Industries’ position, but it isn’t personal

The social media platform X has certainly seen its fair share of word battles between cannabis executives and the latest has had many eating popcorn. Green Thumb Industries Inc. (OTC: GTBIF) CEO Ben Kovler has been very vocal on the site about the AdvisorShares Pure Cannabis ETF (NASDAQ: MSOS) inner …

The Business of Cannabis by ExtrovertingJan 23, 20255:00 PMJanuary 24, 2025
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Banning Texas hemp could backfire, experts warn

Proposals to ban hemp-derived cannabinoids in Texas would only push a multibillion-dollar market underground while straining law enforcement resources, according to a new report. The analysis, from Rice University’s Baker Institute for Public Policy, came in the wake of Texas Lt. Gov. Dan Patrick pushing legislation that would prohibit the …

The Business of Cannabis by ExtrovertingJan 23, 20251:37 PMJanuary 24, 2025
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Colorado cannabis sales plummet to seven-year low

With dispensaries pulling in just $1.28 billion through November 2024, the Colorado cannabis market is on track to miss a key benchmark for the first time in seven years. Unless December sales topped $200 million – an unlikely scenario based on December’s $19.1 million tax haul – 2024 will mark …

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