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Business Issues/Benchmarks
Decibel Expands General Admission Brand's International Footprint
The company’s supply agreement and trademark license agreement with Keren Tirk Ltd. Will provide the brand’s dried flower to distribute in Israel.
HYTN, A1 Cannabis Partner to Scale Production of Cannabis Products
Through the collaboration, the companies plan to expand their presence in the cannabis beverage market, while A1 transitions its portfolio from Tilray.
AYR Wellness Board Member Resigns
The company announced Jared Cohen is pursuing new opportunities outside of the cannabis industry.
iAnthus Sells 5 Arizona Cannabis Facilities for $36.5 Million
The company’s transaction with Sonoran Roots includes three dispensaries and two cultivation and processing facilities.
Aurora Cannabis Enters $27 Million Supply Agreement With SNDL
The agreement for SNDL to supply Aurora with premium cannabis flower complements the companies’ existing relationship.
Less Than 1.5% of New York’s Banks, Credit Unions Service Cannabis Industry
The state launched a cannabis banking directory for the industry, but the list of financial institutions is limited.
Falling Cannabis Prices Meant Less Revenue for Arkansas Dispensaries in 2024
The state’s licensed retailers sold 21.5% more pounds of medical cannabis in 2024 than in 2023, but revenue shrank 2.5%.
Illinois Sets Record $2 Billion in Cannabis Sales in 2024
The Prairie States’ retail market grew 2.5% year-over-year, but sales attributed to out-of-state customers are down 20% since 2022.
Senate Banking Committee Witness Urges Members to Improve, Pass SAFE Banking Act
Aaron Klien, of the Brookings Institute, told lawmakers that legislation for the cannabis industry needs to address ‘costly and unproductive’ SAR filings.
TILT Holdings Signs Definitive Agreement to Divest 2 Retail Locations in Massachusetts
The cannabis company is selling its Taunton dispensary to In Good Health for $2 million and is closing its store in Brockton.
TerrAscend Announces Preliminary Q4 2024 Financial Results
The company reported a net revenue of $74.4 million ahead of its scheduled earnings conference call.
Senate Debanking Hearing Won’t Include Cannabis Witnesses; Federal Reform Unlikely This Congress
After former Senate Majority Leader Chuck Schumer sat on the SAFER Banking Act for 15 months, reform remains slim under a new Republican majority.
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