Cannabis News Today
Welcome to “Cannabis News Today,” a summary of the cannabis industry’s stock and regulatory updates.
Aurora Cannabis has received expanded licenses in Germany, allowing for more cultivation and research. Profitability for the company is expected in 2026 or later, according to Wall Street estimates. Read all about it on the TDR Website!
Curaleaf is opening new medical dispensaries in Rochester and Syracuse, expanding its New York presence to six locations. Additionally, the company will now offer adult-use cannabis sales at its Plattsburgh and Forest Hills stores. Read all about it on the TDR website!
The American College of Physicians advocates for a public health approach to cannabis regulation. They recommend rigorous research on health effects, decriminalizing possession of small amounts, providing insurance coverage for treatment of cannabis use disorder, and incorporating cannabis education in medical training.
The application period for recreational cannabis licenses has begun in Minnesota, 14 months after legalization. Social equity applicants can now apply for a limited number of licenses, enabling them to start growing cannabis by fall and potentially begin retail sales by spring.
A survey by Whitney Economics found that only 27.3% of U.S. cannabis businesses are profitable, highlighting significant financial challenges in the industry. High taxes, limited banking access, and stringent regulations are major factors contributing to the low profitability, which remains well below the national average for small businesses.
Safe Harbor Holdings (NASDAQ: SHFS) and BIPOCann have partnered to support minority-owned cannabis businesses. This collaboration aims to provide financial and educational resources to help these businesses thrive in the cannabis industry.
Doña Ana County in New Mexico’s first cannabis lab has opened, making it easier for local sellers to meet testing requirements. This development helps streamline the process for growers and retailers, enhancing compliance and product safety.
Green Thumb Industries Inc. (CSE: GTII, OTCQX: GTBIF) Beboe is enhancing New York’s cannabis market with premium, socially dosed edibles and vape products. These offerings aim to provide a high-quality, controlled experience for consumers, elevating the state’s cannabis scene.
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