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Corporate developments, investments, acquisitions, and global cannabis business insights

Delaware: Cannabis Sales Total Nearly $1 Million in Weekend Rollout

Licensed cannabis retailers in Delaware sold over $900,000 worth of marijuana products in the three days following the launch of adult use retail sales, according to data provided by the state government. “The inaugural three-day weekend (Friday to Sunday) had combined sales (adult and medical) of over $903,000, a measurable increase in sales pace that…

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88 Years of Failure: How Cannabis Prohibition Became America’s Most

Saturday, August 2nd, 2025, marks the 88th anniversary of the Marihuana Tax Act – the beginning of America’s longest-running policy disaster. For nearly nine decades, the federal government has waged war against a plant, spending trillions of dollars, destroying millions of lives, and empowering criminal organizations while failing spectacularly at every single stated objective. After…

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Massachusetts Would Recriminalize Recreational Marijuana Sales Under 2026 Ballot Initiatives

The attorney general of Massachusetts has published dozens of proposed initiatives for the 2026 ballot—including a pair that would roll back adult-use marijuana legalization in the state. Attorney General Andrea Joy Campbell’s (D) office released a total of 47 initiative petitions filed by 19 groups ahead of a deadline on Wednesday. It will now review…

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Cresco Labs Reports $164M in Q2 Revenue

[PRESS RELEASE] – CHICAGO, Aug. 7, 2025 – Cresco Labs Inc., the industry leader in branded cannabis products with a portfolio of America’s most popular brands and the operator of Sunnyside dispensaries, released its financial and operating results for the second quarter ended June 30, 2025. All financial information presented in this release is reported…

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Verano Reports $202M in Q2 Revenue

[PRESS RELEASE] – CHICAGO, Aug. 7, 2025 – Verano Holdings Corp., a leading multistate cannabis company, announced its financial results for the second quarter ended June 30, 2025, which were prepared in accordance with U.S. generally accepted accounting principles (GAAP).Second Quarter 2025 Financial Highlights Second Quarter 2025 Financial HighlightsRevenues, net of discounts, of $202 million.Gross profit…

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Ohio Retailers Sold More Than $700 Million Worth Of Recreational

“It was really exciting to see people across the state finally get to step into this legal market and purchase safe products.” By Megan Henry, Ohio Capital Journal Ohio legal weed sales topped $702.5 million in the first year. This week marks one year since Ohio began selling recreational marijuana and sales totaled $702,587,948 with 109,706 pounds sold…

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The Cannabist Co. Reports $86M in Q2 Revenue

[PRESS RELEASE] – CHELMSFORD, Mass., Aug. 7, 2025 – The Cannabist Co. Holdings Inc., one of the most experienced cultivators, manufacturers and retailers of cannabis products in the U.S., reported its financial and operating results for the second quarter ended June 30, 2025. All financial information presented in this release is in U.S. generally accepted accounting principles (GAAP), unaudited, and…

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Hawaii Officials Are Offering Medical Marijuana Education Classes For Doctors

Hawaii regulators are launching a series of courses designed to educate physicians and other healthcare professionals about medical marijuana as the state’s cannabis program expands. The state Department of Health (DOH) announced on Wednesday that the new free Continuing Medical Education (CME) and Continuing Education (CE) courses are “designed to give healthcare providers a foundational…

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Verano President Darren Weiss Resigns Role

[PRESS RELEASE] – CHICAGO, Aug. 7, 2025 – Verano Holdings Corp., a leading multistate cannabis company, announced the resignation of Darren Weiss from his role as company president to pursue business opportunities in the cannabis industry outside of North America.Weiss joined Verano as general counsel in 2017 and subsequently served in leadership positions, including chief…

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Florida Has A New Top Medical Marijuana Regulator, As Previous

The new director of the Office of Medical Marijuana Use worked at the Floria Department of Law Enforcement for more than 17 years. By Christine Sexton, Florida Phoenix After nearly three years as Florida’s top marijuana regulator, Christopher Kimball has stepped down and taken a position as deputy general counsel in Gov. Ron DeSantis’s (R)…

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