Cannabis industry debanking issues spotlighted in congressional report (Newsletter: January 31, 2025)

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January 31, 2025

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Minnesota cities already sell alcohol. Should they sell weed?
by Sarah Ritter on January 31, 2025
Minnesota is allowing cities to open up government-run cannabis dispensaries, much like municipal liquor stores. But it's been a challenge.
San Francisco weed dispensary owner survives six gunshots in unprovoked attack
by Allie Rasmus on January 31, 2025
Surveillance footage captured the suspect getting off his e-bike, pistol in hand, before firing multiple shots at victim.
Cranbury's Breakwater marijuana company looks to sell legal weed to everyone
by Mike Davis on January 30, 2025
Breakwater Treatment and Wellness is seeking approval to sell legal weed to all adults at its Roselle Park dispensary.
New Mexico gets marijuana superstore, largest dispensary statewide
by Rowan Dunne on January 30, 2025
It has surpassed Ultra Health's largest pot shop in Bernalillo, formerly the most expansive, by 3,000 sq ft
Weed or no weed? NJ town to decide fate of future dispensaries
by Susan Loyer on January 29, 2025
In 2023, voters defeated a non-binding ballot question allowing the sale of recreational marijuana in the borough by a 1,396 to 1,207 margin.
First marijuana dispensary in Manteca holds soft opening
by Esteban Reynoso on January 28, 2025
S.F. police fatally shoot person after standoff near SoMa cannabis dispensary
by Jordan Parker, Dominic Fracassa on January 28, 2025
The shooting occurred after a standoff with a person whom San Francisco police said shot...
The Race for All-Powerful Pot
by Katie J.M. Baker,Megan Twohey,Danielle Ivory,Jeremy Singer-Vine on January 25, 2025
Inside the $32 billion industry transforming marijuana, its consumption and beliefs about its ability to heal.
Batavia’s first marijuana dispensary may open this summer
by Molly Morrow on January 25, 2025
On Tuesday, the Batavia City Council approved plans for what would be the city’s first recreational marijuana dispensary.
‘An elevated experience’: Salt Shed now sells cannabis during shows
by WGN-TV on January 24, 2025
CHICAGO — Concertgoers at the Salt Shed now have another way to catch a buzz thanks to a new collaboration with a Chicago-based cannabis company. On Friday, Green Thumb Industries Inc. will op…
First-ever dispensary opens at Salt Shed
by Justin Kaufmann on January 23, 2025
The new dispensary will sell hemp-derived THC products.
First-ever hemp-derived THC retail store opens at Salt Shed
by Justin Kaufmann on January 23, 2025
The new shop will sell hemp-derived THC products.
Explosion at Kent Island pot plant injures workers, shutters businesses
by Ryan Dickstein on January 23, 2025
Investigators believe the explosion occurred inside an extraction booth where propane and butane were being used.
Colorado Springs finally approved recreational marijuana. Could the new market be snuffed out before it starts?
by John Aguilar on January 19, 2025
The Colorado Springs City Council may refer a new election ballot measure asking voters to vote, again, on recreational cannabis sales — just months after voters approved retail pot.
Masked men break into Deroche weed dispensary
by Mission City Record Staff on January 18, 2025
Pair escape with 'very little product' after fleeing police in truck
WATCH: Four suspects break in, rob Battle Creek marijuana dispensary
by Autumn Pitchure I News Channel 3 on January 17, 2025
Battle Creek Police are shedding light on an alarming trend in West Michigan: robberies at marijuana dispensaries.
Four arrested in connection to Battle Creek marijuana dispensary break-in
by Liz Shepard on January 17, 2025
Police said a large amount of stolen marijuana was recovered.
Florida marijuana company appeals judge's decision to ban pot dispensaries at gas stations
by News Service of Florida on January 17, 2025
The pending petition, in part, questioned state health officials’ position that locating a dispensary adjacent to a convenience store would increase risks of crime.
Up in smoke? Wells dispensary owner's push for recreational marijuana faces pushback
by Shawn P. Sullivan on January 17, 2025
“I’m just asking, ultimately, if we can let the voters decide,” said Joel Pepin, who wants to open a recreational marijuana store in Wells.
Plan to open first marijuana dispensary in Batavia nears approval
by Susan Sarkauskas on January 16, 2025
Plans for a marijuana dispensary to open in a former Arby’s restaurant in Batavia are moving forward. The city council will vote on a request for a conditional use permit Tuesday for Dutchess Cannab...

Texas Lieutenant Governor Lists THC Ban as Top Priority for 2025
on January 31, 2025 at 5:58 pm
Lt. Gov. Dan Patrick is pushing a legislative initiative to prohibit hemp-derived cannabinoid products and all forms of THC in the Lone Star State.
Legal cannabis sales in the US hit $30B in 2024
by Adam Jackson on January 31, 2025 at 4:02 pm
However, growth slowed as business failures accelerate amid continued federal policy gridlock. The post Legal cannabis sales in the US hit $30B in 2024 appeared first on Green Market Report.
Cannabis-related banking requires cannabis expertise
by Community Choice Credit Union on January 31, 2025 at 4:00 pm
The Cannabis Related Business Team at Community Choice Credit Union is ready to light up your financial strategy. The post Cannabis-related banking requires cannabis expertise appeared first on Green Market Report.
TerrAscend Announces Preliminary Q4 2024 Financial Results
on January 31, 2025 at 2:45 pm
The company reported a net revenue of $74.4 million ahead of its scheduled earnings conference call.
Innovative Industrial Properties Reports Resolution to Default by PharmaCann
on January 31, 2025 at 1:58 pm
The entities reached an agreement to resolve PharmaCann’s existing defaults under leases for 11 properties that the company owns.
Enveric’s stock split leads to quick $5M raise but shares slide
by Adam Jackson on January 31, 2025 at 1:44 pm
The one-two punch sent newly consolidated shares tumbling despite progress on its non-hallucinogenic depression treatment. The post Enveric’s stock split leads to quick $5M raise but shares slide appeared first on Green Market Report.
Chicago’s Mayor pitches new hemp business license to a skeptical City Council
by Staff on January 31, 2025 at 1:12 pm
Mayor Johnson and his allies want to preserve a potential new tax revenue stream, while seeking to impose stiffer standards on the industry. The post Chicago’s Mayor pitches new hemp business license to a skeptical City Council appeared first on Green Market Report.
Smaller players make big gains in Florida’s cannabis market
by Adam Jackson on January 31, 2025 at 5:00 am
Florida's regulatory framework has created scale unseen in other state markets. The post Smaller players make big gains in Florida’s cannabis market appeared first on Green Market Report.
Good Shroom Co. to rebrand as Mercanto Holdings
by John Schroyer on January 30, 2025 at 10:26 pm
The company also announced the launch of a new stock option plan. The post Good Shroom Co. to rebrand as Mercanto Holdings appeared first on Green Market Report.
Colorado awards half a million dollars in grants to 17 social equity cannabis businesses
by John Schroyer on January 30, 2025 at 9:44 pm
The money comes from the state Cannabis Business Grant. The post Colorado awards half a million dollars in grants to 17 social equity cannabis businesses appeared first on Green Market Report.
Prairie Cannabis Announces Grand Opening of Illinois Dispensary
on January 30, 2025 at 6:47 pm
The new cannabis retail facility is located on the border between Naperville and Warrenville.
Willow Industries, Abstrax Unveil Revolutionary Cannabis Terpene Infusion System
on January 30, 2025 at 6:28 pm
With unparalleled precision and safety, the HALO machine advances the quality standards and application process for terpene-infused flower.
Senate Debanking Hearing Won’t Include Cannabis Witnesses; Federal Reform Unlikely This Congress
on January 30, 2025 at 5:19 pm
After former Senate Majority Leader Chuck Schumer sat on the SAFER Banking Act for 15 months, reform remains slim under a new Republican majority.
Bright Green goes bankrupt under Chapter 11
by Debra Borchardt on January 30, 2025 at 4:43 pm
The company plans to reorganize and relaunch under a new name. The post Bright Green goes bankrupt under Chapter 11 appeared first on Green Market Report.
IIPR reaches deal with PharmaCann to resolve lease default
by Adam Jackson on January 30, 2025 at 3:50 pm
Under the agreement, the multistate operator will shed cultivation sites in Michigan and Massachusetts. The post IIPR reaches deal with PharmaCann to resolve lease default appeared first on Green Market Report.
Body and Mind sells Illinois properties to Dutchess Cannabis
by Debra Borchardt on January 30, 2025 at 3:05 pm
Dutchess is paying $5 million in cash for the two properties. The post Body and Mind sells Illinois properties to Dutchess Cannabis appeared first on Green Market Report.
California Wildfires, Cannabis Rescheduling, Wisconsin Legalization Lead CBT’s Top Stories in January
on January 30, 2025 at 10:30 am
The natural disaster in California led to supply chain disruptions and confusion, with details about its impact at the forefront of the most-read articles this month.
Legendary Cannabis Breeder David Watson, aka ‘Sam the Skunkman,’ Dies
on January 29, 2025 at 6:48 pm
The California breeder, who moved to Amsterdam in the 1980s, established one of the world’s most extensive seed libraries, among other industry feats.
Safe Harbor Financial CEO Stepping Down
on January 29, 2025 at 2:50 pm
Sundie Seefried is planning to retire in 30 days but will remain as a board member. The company is commencing a CEO succession initiative.
Safe Harbor Financial Commences CEO Succession and Strategic Planning Initiative
on January 29, 2025 at 11:11 am
Sundie Seefried will become Co-CEO and retire in 30 days, remaining on the Board of Directors post-transition, and Business Transformation Expert, Terry Mendez will become CEO upon retirement of Seefried
The Man Behind DEA’s Federal Marijuana Scam
on January 28, 2025 at 1:31 pm
DEA Senior Policy Adviser Matthew Strait defied presidential mandates for medical research, MMJ International Holdings claims.
David Paul Watson (aka 'Sam the Skunkman') – Obituary
on January 28, 2025 at 9:20 am
Watson's ready supply revolutionized homegrown gardening globally, built the foundations of today’s most popular sinsemilla varieties, and spawned the steadily advancing international cannabis industry.
Indiana House Republicans Block Amendment to Remove Cannabis From Schedule I
on January 28, 2025 at 7:47 am
A supermajority shot down a Democrat’s attempt to delist cannabis from the state’s list of controlled substances.
Trulieve Opening Medical Cannabis Dispensary in Palm Coast, Fla.
on January 27, 2025 at 1:29 pm
The New Flagler County location is the company’s 161st retail facility in Florida with a grand opening celebration set for Jan. 31.
AYR Wellness Appoints George Denardo as President
on January 27, 2025 at 1:17 pm
Denardo is also AYR’s chief operating officer. He will oversee all of the cannabis company’s vertically integrated operations in his additional role.

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Prominent cannabis vapes recalled for banned substance
by https://www.facebook.com/* on January 31, 2025
A prominent brand of cannabis vape cartridges is being voluntarily recalled by the manufacturer after they were found to contain a banned substance.
The Cannabis Sub-Sectors Were Mixed in January
by Alan Brochstein, CFA on January 31, 2025
As we described in an article released earlier, the Global Cannabis Stock Index moved lower again in January, falling 7.3%. It was down 15.2% in 2024. In this... #ACB #AuroraCannabis #ayrwellness
2025 May Be A Breakout Year For The Cannabis Industry
by @law360 on January 31, 2025
The cannabis industry faced a slow and frustrating 2024, but consumer trends continue to shift in favor of cannabis, and the new administration may provide the catalyst that the industry needs, says Lynn Gefen at TerrAscend.
Cannabis Test Lab Says Competitors Fudging Results
by @law360 on January 31, 2025
A Massachusetts cannabis testing lab accused eight of its competitors of intentionally inflating results for potency and concealing findings of contamination in order to lure away customers, according to a lawsuit filed in state court.
Calif. pot entrepreneur apologizes for yelling racial slur in Beverly Hills
by Lester Black on January 31, 2025
The entrepreneur also praised Trump's actions.
Cannabis Stocks Begin 2025 Badly
by Alan Brochstein, CFA on January 31, 2025
Cannabis stocks, as measured by the Global Cannabis Stock Index, were quite volatile last year. The index dropped 7.5% in December, and it is off to a bad start in 2025... #CanopyGrowth #CGC #FLGC
Canton police seize 7 pounds of cannabis
by 7 News Staff on January 31, 2025
Canton police arrested a Bronx man and seized more than 7 pounds of cannabis during a search at a downtown business.
Ohio bill would upend voter-approved adult-use marijuana program
by Chris Casacchia on January 31, 2025
An Ohio lawmaker introduced a bill that would raise adult-use marijuana sales taxes, limit home grows and prohibit social equity licenses.

Cannabis industry debanking issues spotlighted in congressional report (Newsletter: January 31, 2025)

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