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.
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.
A new group of polls indicates that Americans are increasingly in favor of legalizing cannabis. A Marist Poll recently found that 62% of adults believe federal marijuana legalization is a “good idea.” Meanwhile, a new Fox News survey of 1,000 registered voters also found that 63% favored the national legalization of cannabis for recreational use.
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.
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.
During a panel discussion at the 2019 MJBizCon event in Las Vegas, three cannabis company founders explained the reasons why they’ve opted to emphasize "effects" to the canna-curious customer just beginning to experiment with THC-and CBD-infused products.
Canopy Growth Corporation today announced that David Klein, the chief financial officer at Constellation Brands, which owns 38% of the Canadian cannabis firm, would take over as its chief executive officer next month.
Federal and state regulators this week clarified rules around banking for hemp-related businesses, paving the way for more financial institutions to back growers and cultivators without filing burdensome paperwork.
Even as major U.S. cannabis companies like MedMen, Pax Labs and others have announced large-scale layoffs impacting hundreds of workers, the U.S. cannabis industry is poised to become a significant jobs creator in the coming years. According to Vangst, a cannabis recruiting agency, the number of available cannabis jobs have increased by 79% over the last year.
A recently formed Washington D.C. trade association founded by a pair of Beltway veterans is hoping to be the voice of hemp industry stakeholders across the U.S. Launched by Chris Thorne and Scott Graves on October 30, the Hemp Federation of America is the brainchild of a small group of hemp farmers, processors and other farm services providers.
Chicago’s Cresco Labs today said it would sell two cultivation and processing properties to Innovative Industrial Properties, and terminate the previously announced acquisition of Florida’s VidaCann Ltd. In a press release, Cresco Labs CEO and co-founder Charlie Bachtell said the moves would add about $158 million to the balance sheet.