Off the top, the guys discuss Verano's announcement of a share repurchase program. The company authorized the repurchase of up to $50 million of shares and we debate whether this is a good use of capital. Toby is more bullish on the program, while Morgan is more concerned about preserving cash and investing for growth. 

The Cannabist Company CEO David Hart joins the show to cover their recent restructuring and Florida divestiture news. David explains the rationale behind the Florida decision and how they are leaning into their core markets. Ohio is a key new state, and David walks us through their five-store footprint, tier-one grow, and the process for adding three new stores. Morgan digs into the Colorado market, and David explains how they have optimized those assets and built a strong core retail presence. The conversation concludes with David recapping balance sheet priorities. 

As always, Morgan has another fun question for Ask Grok.