This Week In Cannabis: Maryland Opens Lounges, DEA Wavers, Retail Trends Shift And More
Another week, another wave of headlines reshaping the cannabis world. Maryland legalizes consumption lounges—but no smoking allowed. Hawaii expands medical access but adds a controversial surveillance clause. In Canada, Cannara posts a record quarter, SNDL launches a strategic review and Aurora reinvents its flagship site.
Meanwhile, George Clinton and Wiz Khalifa debut a new pre-roll line, New York quietly approaches $1.5 billion in legal cannabis sales, and THC seltzers make it to morning TV. A new cannabinoid is discovered. Trump’s DEA pick dodges questions on rescheduling. And major ETFs rally on the speculation.
From THC cocktails to failed Florida hemp bills, here’s everything you need to know.
Financials
Cannara Biotech Posts Record Quarter
Cannara Biotech (OTCQB:LOVFF) reported its sixteenth consecutive quarter of positive adjusted EBITDA, with net revenues rising 35% year-over-year to CA$26.6 million in Q2 2025. The company saw notable market share gains in Quebec, Ontario and Alberta, while gross profit grew 52% to CA$10.8 million. CEO Zohar Krivorot emphasized upcoming grow zone activations and product launches.
SNDL Misses Revenue, Launches Strategic Review
SNDL (NASDAQ:SNDL) reported Q1 2025 revenue of CA$204.9 million, missing analyst expectations by nearly CA$38 million. Still, cannabis segments grew by 16.8%, and CEO Zach George highlighted record gross margins and free cash flow gains. SNDL’s board has initiated a strategic review, exploring a shift away from major exchanges to increase flexibility with U.S. assets.
Aurora Rebrands Flagship Grow Facility
Aurora Cannabis (NASDAQ:ACB) announced the completion of a CA$3 million upgrade to its Pemberton, BC site—now renamed Aurora Alpine. The facility hit record potency levels (33.7% THC) and doubled its output. It’s now central to Aurora’s export strategy and GACP-certified for global distribution.
POSaBIT Improves Margins, Expands Ecommerce
POSaBIT (OTC:POSAF) reported a 19% year-over-year increase in adjusted gross profit and cut OpEx by 35%. Despite a 65% drop in reported revenue, the company says its adjusted financials reflect operational stability. CEO Ryan Hamlin emphasized growth in Washington and success of the new ecommerce platform.
Red White & Bloom Restructures CA$145M In Debt
Red White & Bloom …