Fact Check Team: Recreational cannabis industry grapples with profitability amidst supply

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August 31, 2023

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Police: CT smoke shop inspections lead to seizure of ‘significant quantity’ of THC products
by Staff report on May 9, 2025
Inspections at two Wallingford smoke shops led to the discovery of a “significant quantity” of THC products, police said. Officers from the Wallingford Police Department’s Community Imp…
Trump Plans To Pull U.S. Attorney Nominee Who Threatened Medical Marijuana Dispensary With Possible Federal Prosecution
by Kyle Jaeger on May 8, 2025
President Donald Trump has announced he will be withdrawing his nomination for a U.S. attorney in Washington, D.C. who recently warned a licensed medical marijuana dispensary in the District about violating federal law and suggested the possibility of prosecutorial action despite compliance with local policy. While the president’s decision doesn’t appear to be connected to
Redmond to begin accepting cannabis dispensary applications
by Suzanne Roig on May 8, 2025
Cannabis dispensary applicants have 10 days to submit their applications to the city of Redmond, starting on Tuesday. Three applicants will be selected to open marijuana dispensaries in the city, which ensures the limit of one per 10,000 residents is met, according to the city. Winning applicants will be notified of the zoning verification no
Unlicensed cannabis shop shut down in Henrietta
by WHAM on May 8, 2025
Henrietta, N.Y. Three people face charges after authorities shut down an illegal cannabis business.
Michigan permanently bans cannabis businessman Youssef Barakat, accused of serious violations
by Steve Neavling on May 7, 2025
One of Barakat’s dispensaries was busted after selling cannabis to a 20-year-old cop
Local officials fighting for tax money from marijuana dispensaries
by Brandon Jaces on May 7, 2025
Local officials are continuing to fight for their funds from marijuana dispensaries in their communities.
Man banned from running weed shops in Michigan after underage state police cadet sold pot
by FOX 2 Detroit on May 6, 2025
Youssef Barakat is the first man to be added to the state's list of individuals banned from working in the marijuana sector.
A new high for some, a buzzkill for others as D.C. shutters rogue weed shops
by Paul Schwartzman on May 5, 2025
After years of complaints from licensed marijuana dispensary owners, the city is seeking to regulate the cannabis market as never before.
Special meeting planned to discuss Eastpointe cannabis retail business
by Susan Smiley on May 5, 2025
A request by Common Citizen cannabis dispensary for a special land use permit and site plan approval was tabled by the Eastpointe Planning Commission on May 1.
Fond du Lac Band to open marijuana dispensary
by T Kaldahl on May 3, 2025
Fond du Lac leaders announced their dispensary, located on their reservation near Cloquet, will open sometime later in May.
Gavin Newsom's 26% cannabis tax hike is now official
by Lester Black on May 2, 2025
Business experts warn the tax increase could decimate the legal industry.
Trump’s Controversial US Attorney Is Coming for Medical Marijuana
by Michael Schaffer on May 2, 2025
The Trump-allied prosecutor has threatened Wikipedia, medical journals and Congressional Democrats. Now he’s putting a medical-marijuana dispensary on notice, too.
New law bans marijuana advertising in Indiana
by Tyonna Baxter WSBT 22 Reporter on May 1, 2025
Texas House swaps THC hemp ban for regulations. Will Dan Patrick agree?
by Isaac Yu on May 1, 2025
A Texas House bill would maintain legal access to gummies, beverages and other THC...
Ohio Senate votes to require hemp products to be sold in marijuana dispensaries
by Haley BeMiller on April 30, 2025
Senate Bill 86 would only allow dispensaries to sell certain hemp products, icing out CBD stores and other retailers.
Ohio issues product alert for cannabis gummy with 'edible glitter.' What to know
by Janson McNair on April 30, 2025
The Ohio Division of Cannabis Control on Tuesday issued a product alert for certain cannabis-infused gummies sold in Ohio.
Ohio officials issue alert for cannabis-infused gummy product
by spectrumnews1.com on April 30, 2025
Officials also said the processor wasn't able to provide evidence that the ingredient was obtained from a licensed and regulated source.
THC-infused products must be sold by vendors with licenses
by Serena O'Sullivan on April 30, 2025
Arizona Attorney General Kris Mayes is moving forward with a crackdown on vendors that sell THC-infused products without proper licensing.
Binghamton area has 5 cannabis dispensaries, more on the way: When, where they're opening
by Riccardo Monico on April 29, 2025
According to the New York State Office of Cannabis Management's Retail Dispensaries locator, Binghamton is currently home to five cannabis retailers.
'Cannabis civil war': Texas lawmakers want to boost medical marijuana, end hemp
by Tanya Babbar, Isaac Yu on April 29, 2025
The rise of cheap, loosely regulated delta-8 products in Texas after the state legalized...

Wisconsin Cannabis Legalization Hopes Fade as GOP Lawmakers ‘Gut’ Governor’s Budget
on May 9, 2025 at 3:25 pm
Democratic Gov. Tony Evers blasted Republican lawmakers for stripping hundreds of his budget proposals.
Greenway Moves Toward 6 Annual Crop Rotations, Provides Market Update
on May 9, 2025 at 3:16 pm
The Canadian greenhouse cannabis cultivator applied for new propagation and vegetation spaces at its Leamington, Ontario, facility.
TerrAscend Reports $71M in Q1 Revenue
on May 9, 2025 at 12:01 pm
The company also reported $8 million in net cash from operations and $5.5 million in free cash flow.
The Cannabist Co. Reports $87M in Q1 Revenue
on May 8, 2025 at 12:32 pm
The company also reported a $32 million net loss.
Verano Reports $210M in Q1 2025 Revenue
on May 8, 2025 at 12:09 pm
The company also reported $2 million in net cash provided by operating activities and a $12 million net loss.
Indigenous-Owned Fireweed Cannabis Named Best Cannabis Shop By 425 Magazine
on May 8, 2025 at 10:23 am
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Curaleaf Reports $310M in Q1 Revenue, $35M in International Revenue
on May 8, 2025 at 8:31 am
The company also reported $42 million in operating cash flow from continuing operations and $26 million in free cash flow.
California Alcohol Businesses 99.7% Compliant With Intoxicating Hemp Product Prohibition
on May 8, 2025 at 6:54 am
The state’s Department of Alcoholic Beverage Control has visited 11,445 businesses since Gov. Gavin Newsom’s emergency regulations began.
Pennsylvania Democrats ‘Ram’ Partisan Cannabis Legalization Bill Through House
on May 7, 2025 at 4:34 pm
The chamber’s lawmakers voted, 102-101, along party lines to pass the legislation, which aims to establish a state-run dispensary model
TerrAscend Acquires Ohio Dispensary, Entering 6th State Market
on May 7, 2025 at 3:27 pm
The company’s acquisition is expected to be immediately accretive on an EBITDA and cash-flow basis.
Trulieve Reports $298M in Q1 Revenue, With 62% Gross Margin
on May 7, 2025 at 12:11 pm
The cannabis company generated $51 million in cash flow from operations and experienced a 9% year-over-year traffic increase for the 4/20 holiday.
Dynamic LED Lighting: What Commercial Growers Should Know
on May 7, 2025 at 9:06 am
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Green Thumb Industries Reports $280M in Q1 Revenue
on May 7, 2025 at 8:19 am
The cannabis company also reported $74 million in cash flow from operations and a GAAP net income of $8 million.
TerrAscend Signs Agreement to Acquire 4th Dispensary in New Jersey
on May 6, 2025 at 2:25 pm
Union Chill, a single dispensary operator in Hunterdon County, is generating more than $11 million in annualized revenue.
Delaware Receives FBI Code; Adult-Use Cannabis Sales ‘Partially’ a Go
on May 6, 2025 at 1:13 pm
The federal agency issued the state’s regulators a service code to perform background checks on applicants, but another legislative fix is still needed.
California Bill to Freeze Cannabis Excise Tax Breezes, 6-0, Through Another Committee
on May 6, 2025 at 6:01 am
Revenue and Taxation Committee members voted unanimously to advance Assembly Bill 564 to prevent a 26.7% increase.
Firelands Scientific Opens 6th Ohio Dispensary – The Landing Berea
on May 5, 2025 at 5:12 pm
The opening marks the first cannabis retail facility in Berea, establishing a new access point on Cleveland’s southwest side.
The Right Spot: Understanding Nutrient Mobility in Cannabis Plants
on May 5, 2025 at 12:23 pm
When identifying nutrient deficiencies, remember: location, location, location.
Minnesota Cannabis Regulators Set Date for Adult-Use License Lotteries
on May 5, 2025 at 7:36 am
The lotteries are for social equity and general applicants for three of the state’s limited license types.
Reshaping Access to THC Products: Behind Edible Brands’ Move to Bunk With Hemp
on May 2, 2025 at 1:36 pm
Thomas Winstanley, Executive VP for Edibles.com, explains how the company plans to increase consumer confidence in hemp-derived THC products.
California’s Cannabis Excise Tax Will Increase by 27% on July 1, CDTFA Announces
on May 2, 2025 at 7:33 am
Despite legislation aiming to prevent the tax hike, the state’s tax agency indicated its hands are currently tied.
Ohio Senate Passes Bill to Limit Hemp Product Sales to Licensed Dispensaries, Liquor Stores
on May 1, 2025 at 3:46 pm
The legislation aims to take hemp-derived THC products out of gas stations and smoke shops and require buyers to be 21 years or older.
MMJ to File Emergency Injunction Against DEA’s ‘Unconstitutional Marijuana Hearing’
on May 1, 2025 at 12:55 pm
MMJ BioPharma Cultivation, a company seeking DEA registration to cultivate cannabis for research, is hoping to avoid an administrative hearing.
17 Lessons Learned in Commercial Cannabis Cultivation
on May 1, 2025 at 8:54 am
Four cannabis cultivation professionals share game-changing insights they’ve gained that help them and their teams excel.
Aurora Cannabis Completes Multimillion-Dollar Investment, Renames Manufacturing Facility
on April 30, 2025 at 12:48 pm
The company’s long-standing investment in operational excellence continues with industry-leading upgrades and the renaming of the facility to Aurora Alpine.

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Texas-New Mexico border town Sunland Park ranks No. 2 in marijuana sales for first quarter
by Adam Powell on May 9, 2025
Since April 2022, Sunland Park has consistently had the state's second highest total cannabis sales. That trend is continuing in 2025.
Inside a clout-heavy company's yearslong bid to open an Illinois dispensary
by https://chicago.suntimes.com/authors/tom-schuba on May 9, 2025
The “social equity” startup linked to businessman / lobbyist Carmen Rossi and Alex Acevedo, a son of former state Rep. Edward “Eddie” Acevedo, who was convicted of tax crimes, is primed to open a Cookies-branded dispensary in Bolingbrook.
First D.C. medical licensee shutdown for illegal cannabis grow
by Outlaw Report on May 9, 2025
authorities closed Bouquet Labs DC on May 5, 2025, due to illegal cultivation. The business was allegedly growing and distributing unlicensed cannabis despite having a pending license.
CSQ hosts QMS Workshop in St. Louis to help Missouri cannabis businesses reach compliance
by Brandon Dunn on May 9, 2025
St. Louis-based leader in cannabis and cannabinoid product safety certification, CSQ is bringing Missouri’s cannabis industry together for an exclusive
‘Take away this pain’: Families speak on proposed Nebraska medical cannabis regulations
by Zach Wendling on May 9, 2025
Longtime advocates for medical cannabis say they have worked for more than a decade in the state to create a safe, regulated system.
The effects of alcohol and cannabis on your blood pressure
by Tom Heiser on May 9, 2025
Alcohol and cannabis can impact blood pressure and medications. Learn how to make informed choices for heart health and talk openly with your doctor.
Wisconsin Cannabis Legalization Hopes Fade as GOP Lawmakers ‘Gut’ Governor’s Budget
by Tony Lange on May 9, 2025
Democratic Gov. Tony Evers blasted Republican lawmakers for stripping hundreds of his budget proposals.
Greenway Moves Toward 6 Annual Crop Rotations, Provides Market Update
by Posted by Tony Lange on May 9, 2025
The Canadian greenhouse cannabis cultivator applied for new propagation and vegetation spaces at its Leamington, Ontario, facility.

Fact Check Team: Recreational cannabis industry grapples with profitability amidst supply

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