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.
As reports began circulating that the financially-distressed marijuana firm MedMen was struggling to pay its vendors, Adam Bierman, the co-founder and CEO of the high-profile dispensary chain, took to Reddit to conduct an AMA (ask me anything) in an attempt to quash concerns about the long-term health of the business.
Cann, a California-based beverage company specializing in low-dose “cannabis-infused social tonics,” has secured $5 million in funding from an impressive lineup of investors as it looks to expand production and distribution in 2020. The seed round was co-led by Imaginary, a New York-based venture capital firm, and JM10 Partners, a Boston-based fund that invests in emerging cannabis companies.
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.
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.
U.S. lawmakers convened Wednesday to discuss the future of federal cannabis legalization and to question leaders from three government agencies tasked with researching and enforcing America’s drug policies. The session was hosted by the U.S. House of Representatives’ Energy and Commerce Subcommittee on Health, and billed as an chance to examine six pieces of federal marijuana legislation.
Marijuana advocates in Montana have submitted a pair of 2020 ballot initiatives to state officials that would legalize, regulate and tax cannabis. New Approach Montana is campaigning for a statutory initiative that would legalize adult-use cannabis sales, as well as a constitutional amendment that would allow individuals 21 years and older to purchase, consume or possess marijuana.
California Governor Gavin Newsom has drawn up plans to significantly alter how the state regulates its cannabis industry. Unveiled Friday as part of Newsom’s proposed 2020-21 budget, the changes include consolidating California’s three licensing agencies and changing the state’s cultivation and excise tax collection methods.
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.
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.
Residents of South Dakota will get a chance to vote for the legalization of adult-use marijuana this November, Secretary of State Steve Barnett’s office announced Monday. According to a press release, Barnett validated and filed a petition that was submitted and would amend the South Dakota Constitution to “legalize, regulate, and tax marijuana.”