Chris Furnari is business writer covering complex and highly-regulated industries. Prior to joining THCnet as an editor, he spent nearly a decade as the driving force behind Brewbound, a leading online beer business trade publication. In addition to covering the emerging cannabis industry for THCnet, Furnari delivers insights to brewery owners across the country via the quarterly “Brewing Consult” report. His analysis of beer industry trends has been referenced by The New York Times, CNBC, USA Today and The Boston Globe, among others, and he is frequently asked to present at beer industry conferences. Furnari is a proud graduate of Santa Clara University, where he was a two-sport Division I athlete and served as the sports editor of the University's official weekly newspaper.
In the face of growing financial losses and a stock that has lost more than 80% of its value over the last nine months, Canada’s Aurora Cannabis Inc. is shaking things up. The company recently shared that chief corporate officer Cam Battley had stepped down from his position on December 20, among other notable announcements.
Colorado Governor Jared Polis is bringing The Centennial State’s cannabis and brewing industries together to help companies in both sectors reduce their carbon footprint. On Wednesday, Gov. Polis unveiled two pilot programs that are aimed at helping cannabis cultivators and craft breweries operate more sustainably.
In this week’s edition of The Buzz: A congressional committee will meet next week to discuss “Cannabis Policies for the New Decade," the Marijuana Opportunity, Reinvestment, and Expungement (MORE) Act moved "one step closer to becoming the first bill to end cannabis prohibition to pass the House of Representatives," and New York Governor Andrew Cuomo vowed to legalize adult-use marijuana in 2020.
Columbia Care -- a multi-state operator with licenses in 13 U.S. states, Washington D.C. and Puerto Rico -- has agreed to a sale-leaseback with NewLake Capital that will net the New York-based cannabis company $35 million.
Leaders from the National Cannabis Industry Association (NCIA) took to Reddit on Wednesday to answer questions about the marijuana industry. Participating in an AMA (ask me anything) session with users on the popular news aggregator and discussion platform was NCIA director of government relations Michael Correia, as well as government relations managers Michelle Rutter and Maddy Grant.
The National Cannabis Industry Association (NCIA) today released a lengthy report examining the potential causes of a vaping crisis that has sent more than 2,700 individuals to the hospital with lung illnesses and claimed 60 lives. According to the NCIA, an underground marijuana market is mostly to blame.
Los Angeles-based MedMen Enterprises will continue its cost-cutting efforts in the new year as it moves to sell three medical marijuana licenses in Arizona and one cultivation and manufacturing license in Illinois. The transactions are expected to generate a combined $54 million as the company works to improve its financial position in fiscal year 2020.
Speaking to cannabis industry professionals during a panel discussion at last week’s MJBizCon event in Las Vegas, Craft Cannabis Alliance founder Adam Smith made a strong case for the licensed transfer of cannabis between legal markets.
A coalition of cannabis lobbyists has turned up the heat on Senate Banking Committee Chairman Mike Crapo (R-ID), calling on the Senator to advance a bill that would protect financial institutions working with state-approved marijuana operations. In a joint letter penned by 33 federal and state cannabis industry groups, Sen. Crapo was urged to pass the Senate version of the SAFE Banking Act.
Legendary guitarist Carlos Santana is getting into the cannabis businesses. The 10-time Grammy award-winning artist who was inducted into the Rock & Roll Hall of Fame in 1998 has partnered with Northern California’s Left Coast Ventures to develop a line of cannabis and CBD products.
