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15.01.2026
2025 Cannabis Market Review
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Cannabis and hemp markets experienced a tumultuous end to 2025, thanks to moves from the U.S. legislature to practically ban hemp-derived THC, followed by President Donald Trump signing an executive order calling for an expedited cannabis rescheduling process. Before all that happened, cannabis-related businesses saw licensing delays, volatile mark...
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02.01.2026
NY Still Struggles with Enforcement
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New York’s Office of Cannabis Management (OCM) has an enforcement problem. In December, the agency was forced to drop what had been its largest recall effort to date, along with a subsequent investigation in an alleged license rental scheme. Now there’s a lawsuit that threatens to further delay implementation of a seed-to-sale system that is [̷...
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30.12.2025
Legalized Cannabis States Increase Tribal Compacts
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Sen. Thom Tillis of North Carolina, where cannabis is still illegal, had a question for Attorney General Pam Bondi about how the Eastern Band of the Cherokee Indians were getting their cannabis to state residents. “Can I get your commitment from DOJ, not you personally, but can I just get a definitive answer that there’s […] The post Legalize...
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20.10.2025
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22.12.2025
CRB Monitor Securities Update | November 2025
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As we have done for nearly a decade, CRB Monitor provides our clients with the gold standard in cannabis and digital asset-linked market intelligence, and our insights are considered essential for stakeholders in these two high-risk industries. As such, we keep abreast of all the relevant news out of Washington D.C., the states, and globally, [R...
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23.01.2026
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19.12.2025
President Orders Rescheduling and Hemp Reconsideration
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It finally happened. After weeks of rumors and speculation, President Donald Trump signed an executive order on Dec. 18, ordering his attorney general to expedite the process of moving cannabis to Schedule III from Schedule I under the Controlled Substances Act. “The facts compel the federal government to recognize that marijuana can be legitimate ...
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18.12.2025
Q3 2025 Cannabis Business Licensing Activity
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The cannabis industry in the United States and Canada continues to undergo a significant period of consolidation and rationalization, as evidenced by licensing data from the third quarter (Q3) of 2025. The overall trend across North America is one of contraction in both active license counts and new market entry pipelines, signaling a maturation of...
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17.12.2025
Minnesota Licensing Secondary Market Emerges
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Minnesota’s adult-use cannabis market is only a few months old, but it already has an active market for buying and selling operator licenses. 420Property.com, an online platform that founder and CEO Ryan George describes as the “Zillow” for cannabis businesses, had 38 Minnesota listings as of Dec. 17.  “Minnesota is really not different than any [&...
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10.12.2025
Hemp Market Faces a Year of Uncertainty
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Hemp producers and product manufacturers face a tough year ahead as they contemplate whether to keep their businesses going on high hopes. Industry advocates and politicians have wasted no time fighting a hemp-THC ban that slipped into federal appropriations legislation that ended the government shutdown on Nov. 12. Rep. Nancy Mace, R-S.C., has was...
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05.12.2025
Texas Awards 9 New Conditional Licenses
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Multi-state operators Verano Holdings Corp. (VRNO), Trulieve (TCNNF) and PhamaCann are among the nine cannabis companies awarded conditional licenses during phase one of the Texas Compassionate Use Program expansion. Texas has had a limited, low-THC medicinal program since 2015. The legislature expanded its program this year with the passage of Hou...
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04.12.2025
Curaleaf Moves Into Virginia’s Medical Market
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Curaleaf (CURLF) announced on Dec. 2 that it has entered into an agreement with The Cannabist Company (CBSTF) to acquire a cultivation site and five dispensaries in Virginia on the same day that the state legislature released new details about the proposed rules to govern Virginia’s impending adult-use market. The tentative transaction agreement in...
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26.11.2025
Florida Medical Licensing Remains In Legal Limbo
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Florida’s Office of Medical Marijuana Use (OMMU) promised patients that new operator licenses were coming in the spring of 2023. More than two-and-a-half years later, patients and prospective operators still wait. It took more than a year to announce prospective winners, during which Florida went through a campaign to legalize adult-use cannabis at...
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About GICS Cannabis
GICS Cannabis is part of the GICS Eleven information portfolio, which focuses primarily on information from listed companies in the health sector. The sector classification serves as a guide to navigate quickly and conveniently through the latest industry-specific news. Individual peer group clusters complement the news offering.
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GICS Eleven (G11, GICS11) bundles topic-specific content and enables quick access to relevant information thanks to its gate function. The project is largely based on the Global Industry Classification Standard (GICS®), which was developed by MSCI and Standard & Poor's and enables a breakdown into sectors. GICS® consists of 11 sectors, 24 industry branches, 69 industries and 158 sub-industries.

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