Cannabis Industry News

Cannabis Sector Update: Reverse Splits, Global Partnerships, and Record-Breaking Sales


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Cannabis Industry Update: Past 48 Hours

The cannabis sector has experienced significant developments over the past two days, marked by strategic consolidation, regulatory shifts, and record-breaking consumer activity.

Market Performance and Stock Movements

Cannabis stocks faced substantial pressure this week. Tilray plunged 16 percent after announcing a 1-for-10 reverse stock split aimed at attracting institutional investors. Other major operators showed weakness as well, with Canopy Growth sliding to 1.14 dollars, Aurora Cannabis holding around 4.54 dollars, and Cronos Group remaining flat near 2.47 dollars. Investors remain cautious amid regulatory uncertainty and sector challenges.

Strategic Partnerships Expand Global Reach

Aurora Cannabis announced a significant distribution partnership with Leafio Australia on December 2nd. This collaboration will enhance medical cannabis access across Australia through over 4,000 pharmacies. Aurora's TGA-GMP certified products under brands including MedReleaf, CraftPlant, and Whistler Cannabis Co. will be distributed by Leafio, strengthening the company's international medical cannabis presence.

Additionally, Green Check partnered with Lüt to launch the industry's first fully compliant, cashless payment solution for cannabis operators. This addresses long-standing industry challenges by eliminating reliance on cash and reducing payment shutdowns across in-store, delivery, and e-commerce transactions.

Major Acquisition in Development

The Cannabist Company agreed to sell its Central Virginia medical marijuana operation to Curaleaf Holdings for 110 million dollars, with expected closing in the first quarter of 2026. This transaction reflects ongoing industry consolidation as companies reshape their portfolios.

Record Consumer Engagement and Regulatory Changes

Green Wednesday, the day before Thanksgiving, generated record-breaking sales rivaling 4/20 itself. This demonstrates cannabis moving fully into holiday culture, with older adults and occasional users increasingly participating.

On the regulatory front, Congress passed significant legislation redefining industrial hemp. Total THC content will be capped at 0.4 milligrams per container, effective November 12, 2026, effectively ending the legal intoxicating hemp industry worth 28 billion dollars.

Legal Milestone Approaches

The U.S. Supreme Court scheduled a closed-door conference for December 12 to consider hearing Canna Provisions v. Garland, a landmark challenge to federal cannabis prohibition. This represents the first potential Supreme Court review of federal prohibition in decades during the state-legal cannabis era.

California cannabis sales generated 283.7 million dollars in tax revenue during the third quarter of 2025, with total revenue since 2018 exceeding 7.61 billion dollars.

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This content was created in partnership and with the help of Artificial Intelligence AI
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Cannabis Industry NewsBy Inception Point Ai