Federal prosecutors can no longer rely on a categorical approach to § 922(g)(3) for marijuana users.
https://legis1.com/news/supreme-court-marijuana-gun-ban-1-limits-for
Below we sorted Select Publicly Traded Cannabis Companies Revenue in 2Q26.
Further we look at Cash Flow from Operations (CFO) trends. One thing that sticks out is the challenging pricing environment (an resulting CFO) in the Canadian Cannabis market which is highly competitive. This has been great for consumers, but a challenge for operators. The CFO burn rates of Canopy and Tilray are a bit shocking and simply not sustainable.
Whereas, Multi-State Operators (MSOs) in the U.S. have selected markets that have regulatory structures that allow for returns on investment and generate positive CFO. Pricing in these markets (while under pressure and showing declining returns) still supports positive CFO.
Trulieve, Green Thumb (Rise), and Verano (MuV) have been generating strong cash flow from operations (CFO) in 2026.
However, for the 8 company total, 2026 has been down sharply overall. Through June 30th in each of 2024 and 2025, CFO % of Revenue were 17.2% and 13.1%, respectively -- down to 11.3% in 1H26. So, we have seen downward steady pressure on cannabis companies ability to generate CFO driven primarily (IMHO) by price compression / increased competition.
The delays in the issuance of additional licenses per statute in Florida have aided the existing MMTC's, but with new competition on the way, generating positive CFO will be critical to growth and survival.
Companies that operate in the very low single digits or negative CFO % for sustained periods will not be able to attract capital or generate cash necessary to growth and invest in operations, eventually they will face reorganization or be acquired - a pattern we have seen play out in Florida and other markets.
Maybe some day Florida.
South Dakota:
Home cultivators may not grow more than two flowering cannabis plants and two non-flowering cannabis plants, according to state law.
Patients can add a home cultivation license to their medical marijuana card for $20. Applicants must submit a photo of the grow room, a photo of the lock on the door and a diagram of the grow location. Brunner said those diagrams are often hand-drawn and lack detail.
Full Article: Medical marijuana home cultivation licenses surge in South Dakota • South Dakota Searchlight
Georgia regulators are proposing new rules that will allow medical marijuana to be delivered directly to patients—including via the U.S. Postal Service (USPS) and private carriers like FedEx and UPS.
Would you consider using if allowed by mail in Florida? Would think for certain products it would make for sense more than others. What say you?
Medical Marijuana Can Be Delivered In The Mail By USPS Under Trump’s Rescheduling Move, Georgia Officials Say
Link to complete article: Medical Marijuana Can Be Delivered In The Mail By USPS Under Trump's Rescheduling Move, Georgia Officials Say - Marijuana Moment
Weekly Review
I have updated my website Weekly Review of "Florida - The Cannabis Business" for the week ending 08/13/26. See chart below for a Summary of the Weekly and 4-Week Average. See www.flatcb.com for the complete Weekly Review and for more news, market, and competition charts.
New Data Charts Added this Week:
Our Weekly Review of Florida - The Cannabis Business (FlaTCB) is updated. Please check out the Weekly Review at www.flatcb.com for more. We added Florida MMTC Earnings Call Transcripts and hope to have some MMTC financial trending soon. News has been slow, but the big news was the month delay of the Federal "Hemp Ban" which is expected to increase Active Patient counts and revenues for medical marijuana as many folks seeking THC will have to join the program to keep consuming. Let us know if there is anything we can research or do for you. Have a great weekend.
Russian oligarch Roman Abramovich funded Curaleaf. The FBI spent at least a year investigating the money trail.
To be clear, the FBI brought no criminal charges, but the investigation and the investigative journalism provide a treasure trove of information regarding the financing and background of the CEO of Curaleaf.
Leaked Russian border crossing records reviewed by The Newsground show Boris Jordan crossing into and out of the country 118 times between September 2014 and February 2024, when the leaked records end. Every crossing was made on a United States passport.
For complete Part 1 Report: https://thenewsground.com/fbi-investigated-curaleaf-for-corruption-and-money-laundering/ . To see story, click on X if you don't want to donate.
Incredible work.
Paul Renner doubles down on making constitutional amendments harder to pass
https://floridapolitics.com/archives/813464-renner-amendment/
What do you think, is 60% fair or should is be higher or lower (>50%)?
The Curaleaf–UFCW Local 360 dispute is about whether New Jersey’s LPA requirement for cannabis businesses is valid under federal law. The federal court’s August 2026 decision sided with Curaleaf, finding the mandate preempted by the NLRA, marking a significant win for the company and a potential precedent for other cannabis operators nationwide.
Bottom line, will be harder for cannabis workers to unionize.
Curaleaf said the proposed combination would create a cannabis company operating across 17 countries in Europe, North America and other international markets, with more than US$1.5 billion in last-12-month revenue and nearly US$350 million in adjusted EBITDA.
Florida Flower and Oil Market Share Gainers and Losers Over the Past 13-Weeks vs. Year-Ago Same 13-Weeks (see charts below).
Dozens of free FL Market and FL Competition customizable charts at www.flatcb.com. We also updated our free FL Dispensary Locator Map for this weeks 3 new stores and all other charts for the week-ended August 6th (yup, OMMU reporting weeks run thru Thursdays).
Our Weekly Review of Florida - The Cannabis Business (FlaTCB) for Week-ended 8/6 is Complete and available free at www.flatcb.com.
Florida is the anchor of the retail story
Capacity is built and waiting
Archos said they "readied ourselves for an AU launch, which has now given us really solid growth in the medical market" — i.e., the infrastructure built for an adult-use vote that didn't land is now absorbing medical demand. Specifically:
The November election is the stated catalyst
This was the most pointed political commentary on the call. Archos said Florida has had "an administration there that hasn't been too favorable to the cannabis operators," and looks to "a new administration coming in here at the end of the year" for a chance to expand the medical program — naming new form factors and reciprocity as specific asks. He said they'd work on it "diligently," pointing to Florida's "massive population, massive tourism population," and expects "a solid 2027."
On M&A — a non-answer worth noting
Gomes explicitly asked whether Verano had looked at M&A in Florida. Archos referenced the original acquisition ("a great acquisition there with a phenomenal team") but never addressed current or prospective Florida M&A, pivoting entirely to organic store and cultivation growth. Read it as no signal either way rather than a denial.
The full transcript is available free at www.flatcb.com.
On 8/4/2026, Green Thumb Industries (NASDAQ: GTBIF) reported its 2Q26 Earnings after the market close and held its investor conference call at 5pm.
Key takeaways relating to its Florida market business:
Performance
Expansion — organic, not M&A
Hemp ban as a Florida-specific catalyst
You can find the full transcript of the call at www.flatcb.com (transcript viewing requires no sign-up).
Very interesting to hear that GTI saw no decline in same store sales in Florida and whether that is something other operators experienced or something GTI itself experienced. Also noteworthy from my perspective the 5-7 dispensary openings they expect to make in Florida before year-end.
The hemp ban and decision on rescheduling hearings are big wildcards for the space and GTI did mention the significance of 280E (and without saying it explicitly, how prior periods of 280E will be handled, that is, will it be retroactive and how far back).
Hey everyone! I'm u/FlaTCB, a founding moderator of r/VireoGrowth.
This is our new home for all things related to Vireo Growth Inc, one of America's largest cannabis companies. We're excited to have you join us!
What to Post
Post anything related to Vireo Growth that you think the community would find interesting, helpful, or newsworthy.
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We wrote recently about Canada's SNDL and its recent completion of the acquisition of Parallel (and its Surterra operations in Florida) [ SNDL Announces Completion of Parallel Asset Acquisition and Positions for Nasdaq-Consolidated U.S. Medical Cannabis Operations | INN ].
Below is from the 2Q SNDL Earning Presentation held 7/28/2026 and gives you a fuller picture of Surterra's new owners. You can find the full presentation here and a more complete picture of their business and Canadian operations at https://sndl.com/financials/events-and-presentations/default.aspx.
To learn more about Florida's Cannabis Business, all free, check out www.flatcb.com.
We recently posted on Vireo Growth's acquisition of Planet 13 (including its Florida assets), noting it had previous purchased Green Dragon and Fluent as well.
Vireo Growth has been on a nationwide buying spree and now has one of the largest multi-state operator (MSO) footprints in America.
That trend continues at an incredible pace. On 7/31/2026, Vireo Growth Inc. Announces a Four-Deal Transaction to Establish Presence in Ohio https://investors.vireogrowth.com/news/news-details/2026/Vireo-Growth-Inc--Announces-a-Four-Deal-Transaction-to-Establish-Presence-in-Ohio/default.aspx
Upon completion of each of the Ohio Transactions and other previously announced transactions, Vireo is expected to have a presence in 16 states, operate approximately 270 dispensaries, and maintain one of the industry's broadest geographic footprints.
It is now the 4th largest cannabis retail seller of Flower in Florida (on a 13-week rolling average basis).
Case Number: 1:2025cv25202, Filed: November 8, 2025, Defendant: Curaleaf, Inc., Plaintiff: John Doe
The Miami New Times wrote a great piece on the case back in December 3, 2025 https://www.miaminewtimes.com/news/curaleaf-secretly-monitored-florida-patients-marijuana-browsing-lawsuit-says-40506085/ - Lawsuit: Curaleaf Let Ad-Tech Firms Spy on Floridians’ Marijuana Shopping, Miami lawsuit says embedded code on Curaleaf's website exposed protected health info to ad-tech vendors.
Appears to be moving along: https://dockets.justia.com/docket/florida/flsdce/1:2025cv25202/700951 and racking up some legal fees. The discovery in this case must be incredibly interesting.
Seems like it would have a far reaching impact on all Florida Cannabis MMTC's IMHO. Would imagine everyone closely watching or maybe it was "settled".
