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Happy Friday, folks! Here's what's happening across the cannabis industry today.

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F E A T U R E D  S T O R Y

Debt dominates cannabis capital raises as equity deals dry up

After years of explosive growth, the cannabis industry is now running on debt, with nearly 95% of 2025 capital raises coming from loans as equity dries up. Larger operators are using debt to refinance and fund acquisitions, while smaller players face steep rates and fewer options – pushing many toward consolidation or exit. With regulatory uncertainty still looming, the industry's path forward is increasingly dependent on borrowing to survive. Read story >

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More Headlines

• Virginia marijuana social equity advocates call to delay adult-use sales launch. Read story >
• Missouri cracks down on hemp THC retailers ahead of federal ban. Read story >
• Georgia poised to add more cannabis permits under MMJ expansion. Read story > 
• Cannabis MSO PharmaCann closes another cultivation facility. Read story >

F A C T B O O K  

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