PSN Briefings

Plain-English cannabis industry updates — what changed, what didn’t, and why it matters.

Episode 1 • Federal Rescheduling — What Actually Changed

Latest PSN Briefs

Short, plain-English updates from the PSN desk

  • What federal rescheduling did NOT change 2 min read • Federal
  • Why state cannabis boards still control outcomes 3 min read • States
  • What operators should not assume in 2026 2 min read • Operators

[#item_full_content] Revenue surged to $17.3M in 2025, driven by hemp-derived THC products and licensing, but a net loss of $33.3M persisted amid regulatory uncertainty and significant related party transactions. $80M in debt matures by 2027, with future operations highly dependent on legislative outcomes.Original docu…  Read More