As Congress moves forward on cannabis banking, NV industry cautiously optimistic

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October 23, 2023

Mature cannabis plants as seen in a. Grow room during a tour of Green Life Productions, a cannabis cultivation facility in Pahrump on Thursday, October 6, 2022. (Daniel Clark/The Nevada Independent)

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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.
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
LIVE NOW: Deputies speak about investigation into Henrietta cannabis shop
by Evan Bourtis on May 8, 2025
The Monroe County Sheriff's Office is speaking on Thursday about an investigation into what it calls an illegal cannabis shop in Henrietta.
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.

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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GUEST COLUMN: We must address cannabis-impaired driving
by Ashley Brooks-Russell on May 11, 2025
As cannabis legalization spreads across the United States, an urgent public health issue continues to vex communities and policymakers alike—detecting cannabis-impaired driving and how to best respond. For more than
The Clarion-Ledger Subscription Offers, Specials, and Discounts
by subscribe.clarionledger.com on May 11, 2025
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St. Louis-based cannabis company to add 5 Missouri stores
by Diana Barr (St. Louis Business Journal) on May 10, 2025
Former Ryanair pilot charged over 10m euros cannabis seizure
by bbc.com on May 10, 2025
Brendan O'Meara appeared before a special sitting of Ennis District Court on Saturday.
The Florida Cannabis Market Weakens Further
by Alan Brochstein, CFA on May 10, 2025
Each week, Florida’s Office of Medical Marijuana Use (OMMU), which is part of the state’s Department of Health, releases data on the state’s medical cannabis... #ayrwellness #AYRWF #Cannabist
‘Take away this pain’: Families speak on proposed Nebraska medical cannabis regulations
by Zach Wendling on May 10, 2025
At just 7 years old, Teddy Bronson of Omaha has faced six brain surgeries, been prescribed 14 different drugs and used about half a million dollars in medical hardware to fight his drug-resistant epilepsy that at one time had him enduring an average of 3,800 seizures each month.
Shockwaves Across Aviation, Former Ryanair Pilot Arrested After Ten Million Euro Cannabis Bust, Triggering Airline Scrutiny and Global Travel Security Debate - Travel And Tour World
by Tuhin Sarkar on May 10, 2025
Former Ryanair pilot arrested after €10 million cannabis bust in Ireland. Case raises global concerns over airline oversight, aviation security, and pilot vetting.
Former Ryanair Pilot Arrested After €10m Cannabis Drug Seize
by Helen William on May 10, 2025
Ryanair (FR) faces scrutiny as a former pilot, Brendan O’Meara, is charged with possessing €10 million in cannabis.

As Congress moves forward on cannabis banking, NV industry cautiously optimistic

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