Chris Furnari is an award-winning business writer covering complex and highly-regulated industries. He joined THCnet as editor-in-chief in October 2019. Prior to covering the cannabis sector, he spent nearly a decade as the driving force behind Brewbound, a leading online beer business trade publication.
Furnari also writes about the alcohol business for Forbes. He is frequently tapped to provide commentary on the beer and cannabis industries, and his analysis of industry trends has been referenced by The New York Times, CNBC, USA Today, The Boston Globe, and Cincinnati Public Radio, among others.
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.
The Massachusetts Cannabis Control Commission (CCC) has fined marijuana firm Revolutionary Clinics $120,000 for selling contaminated cannabis products. According to the CCC, Revolutionary Clinics distributed vaporizer cartridges that contained higher-than-allowed levels of residual solvents in late 2018 and early 2019.
Ben Larson, the CEO of Vertosa, a leading cannabis infusion technology company, believes THC and CBD-infused beverages could eventually become society's so-called seventh glass. “Our entire culture has continually developed around beverage," he said. " While infused beverages are a small percentage of the overall industry right now, it’s only because we’re in the developmental phase.”
Fresh off signing a historic 10-year contract extension worth up to $503 million with the Kansas City Chiefs, NFL superstar Patrick Mahomes has now inked a lucrative endorsement with Biosteel Sports Nutrition. The Toronto-based CPG company announced Tuesday that it had signed a multiyear deal with the 24-year-old MVP quarterback, who will receive an undisclosed equity stake in Biosteel.
Sales of adult-use cannabis in Illinois have surpassed $300 million through the first seven months of the year, the state’s Department of Financial and Professional Regulation (IDFPR) reported Monday. July marked yet another record-breaking month for recreational cannabis sales in Illinois, as adult-use dispensaries moved more than 1.2 million products and hauled in nearly $61 million.
U.S. sales of CBD are expected to grow 14% and reach $4.7 billion in sales in 2020, according to a new report from the Brightfield Group. However, growth in the CBD sector has been stunted by industry headwinds and other coronavirus-induced challenges.
The Nevada Cannabis Compliance Board (CCB) has opened an investigation into several dispensaries for allegedly selling tainted marijuana products, the agency announced Tuesday. The CCB said marijuana strain Cherry OG F3 twice failed microbial testing earlier this year. However, three Las Vegas retail shops continued to sell through inventory despite a March directive to halt sales.
Ask Emjay CEO Chris Vaughn for the keys to success in cannabis delivery, or any e-commerce business, and he’ll tell you that it always boils down three things: You must offer a great selection of products, at competitive prices, and be able to reliably get them in the hands of consumers quickly.
Massachusetts-based Curaleaf Holdings, Inc. has closed on its blockbuster acquisition of Chicago’s GR Companies, better known as Grassroots, the company announced Thursday. The deal makes Curaleaf the largest multistate cannabis company in the world. The firm now has a presence in 23 U.S. states and owns over 135 dispensary licenses.
Red White & Bloom Brands (RWB) announced Wednesday the signing of a letter of intent to acquire California-based Platinum Vape, which makes and markets a range of cannabis products including flower and edibles. According to a news release, RWB will pay $35 million for Platinum Vape, whose current revenue run rate exceeds $70 million.
More than a dozen national advocacy organizations have penned a letter to members of Congress asking for their support of the MORE Act, which would remove cannabis from the Controlled Substances Act. Known as the Marijuana Justice Coalition (MJC), the consortium includes several civil rights and criminal justice groups, along with pro-cannabis organizations like NORML and the Drug Policy Alliance.