AGP Executive Report
Last update: 7 hours agoHemp Wellness: Divine Earth Theory plans to enter the market Nov. 11 with Regenerate, a THC-free broad-spectrum hemp extract, and an online education community. Industry Earnings: Green Thumb Industries reported third-quarter revenue of $324.4 million, up 11.3% year over year, and added six dispensaries during the quarter. Election Impact: Massachusetts voters rejected a repeal of recreational cannabis by roughly three to one, while Idaho voters preserved their right to legalize through ballot initiatives. Texas hemp businesses also see a possible shift after Dan Patrick’s defeat, as the industry faces a looming federal ban on many hemp-derived THC products. Federal Rules: The DEA has begun issuing registrations to more than 900 state-licensed medical cannabis dispensaries, potentially easing tax burdens while tightening federal oversight. M&A: Organigram’s C$561 million offer for Aurora Cannabis topped Curaleaf’s rival bid, with British American Tobacco backing the deal.
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