Green Thumb Industries Inc., the parent company of RISE Dispensaries, has announced that its board of directors has authorized a new $50 million share repurchase program. The move allows the company to buy back up to 10.36 million of its subordinate voting shares over the next 12 months.
Category: News
Verano Opens 82nd Florida Cannabis Dispensary in Crystal River, 158th Nationwide
Verano Holdings Corp. has announced that on September 19 it will open its 82nd MÜV dispensary in Florida and 158th nationwide. The new dispensary, located at 941 NE US Hwy 19 in Crystal River, opens at 9 a.m. on September 19. The store sits on a busy corridor with nearly 23,000 vehicles passing daily and …
Cannabis Campaigns in Three States Gathering Signatures for November 2026 Ballot
Signature drives to reform state cannabis laws are now underway in Oklahoma, Oregon and Florida, with all three campaigns working to qualify initiatives for the November 2026 ballot. Activists in these three states are currently gathering signatures in hopes of putting their proposal to a vote of the people next year, with Florida and Oklahoma …
New Jersey Launches $15 Million Loan Program to Support Small Marijuana Businesses
The New Jersey Economic Development Authority (NJEDA) Board has approved a new $15 million loan program to “bridge capital access gaps for recreational cannabis cultivators, manufacturers, and testing laboratories.” The New Jersey Lending for Equity, Access, and Financing (NJ LEAF) Program will provide low-cost financing of up to $1.5 million to eligible cannabis companies, expanding …
Minnesota: RISE Dispensaries to Launch Recreational Marijuana Sales at Five Locations September 17
RISE Dispensaries, a rapidly growing cannabis retail chain owned by Green Thumb Industries Inc., today announced it will commence adult-use cannabis sales at Minnesota retail locations in Brooklyn Park, Eagan, Mankato, New Hope, and Willmar, beginning September 17. RISE Dispensaries will celebrate the launch of adult-use sales at its Minnesota locations with a ribbon-cutting ceremony at …
Michigan Legal Cannabis Sales Top $2.1 Billion So Far in 2025, With All-Time Sales Now Above $12.3 Billion
Michigan’s legal marijuana market generated over $283 million in adult-use sales in August, according to the latest monthly report from the Cannabis Regulatory Agency (CRA). The state’s regulated cannabis industry has now reached $12,345,342,177 in total sales since legalization took effect, including $2.15 billion so far in 2025.
Study: Psilocybin Therapy Linked to 5-Year Remission in Majority of Depression Patients
A new long-term study published in the Journal of Psychedelic Studies has found that psilocybin-assisted therapy (PAT) produced lasting relief from depression in patients with Major Depressive Disorder (MDD), with many remaining in remission five years after treatment. The research followed 21 participants from an earlier clinical trial, with 18 completing the five-year follow-up. Results …
California Lawmakers Pass Bill to Move Hemp-Derived THC Such as Delta-8 and Delta-10 Into Licensed Cannabis Market
California lawmakers have sent Governor Gavin Newsom a sweeping measure that would outlaw hemp-derived products such as those containing delta-8 and delta-10 THC from being sold anywhere but licensed cannabis stores. Assembly Bill 8, sponsored by Assembly Majority Leader Cecilia Aguiar-Curry, has cleared both chambers with overwhelming support. The Senate voted 37 to 0 on …
California Legal Cannabis Sales Bring in $259.7 Million in Tax Revenue for Second Quarter 2025
The California Department of Tax and Fee Administration (CDTFA) today reported tax revenue from cannabis sales for the second quarter of 2025. As of August 18, total tax revenue from cannabis retailers’ second-quarter returns is $259.7 million. This figure includes $147.3 million in cannabis excise tax and $112.4 million in sales tax reported from cannabis …
Over 40 Organizations Urge Congress to Back Legislation to End Federal Cannabis Prohibition (Deschedule)
A coalition of more than 40 advocacy groups, professional associations, and civil rights organizations is calling on members of the U.S. House of Representatives to cosponsor the Marijuana Opportunity, Reinvestment, and Expungement (MORE) Act of 2025 (H.R. 5068). In a letter sent recently to Speaker Mike Johnson and Minority Leader Hakeem Jeffries, the signatories stressed …
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