Ind.
Market intelligence, M&A, operator news, and the money moving through cannabis.
Section Editor
Caleb Quinn — The Insider
Market & Sales
All Market Data →
Industry
Pesticide Anxiety Is Reshaping the Cannabis Market — and Operators Who Ignore It Are Falling Behind
Caleb Quinn
·
May 11
Industry
Cannabis Stocks Are Going Nowhere Fast — Even as the Underground Market Counts Billions
Caleb Quinn
·
May 8
Industry
Treasury and IRS Signal 280E Relief Is Coming for Medical Cannabis Operators
Caleb Quinn
·
May 5
M&A Activity
All Deals →
Industry
Cannabis Made $30 Billion Last Year. Operators Still Can’t Tell You What a Single Batch Actually Costs.
Caleb Quinn
·
Apr 30
Industry
Aurora’s C$26.5M Safari Flower Deal Is About Germany, Australia, and Poland — Not Canada
Caleb Quinn
·
Apr 15
Industry
The Market Crashed and Cannabis Investors Had No Way to Hedge. That’s Not a Bug — It’s the Whole Problem.
Caleb Quinn
·
Apr 6
Operations
All Operator News →
Industry
Cannabis’s Vape Hardware Is Mostly China-Sourced. A Year Into Trump’s Tariffs, Operators Can’t Do What Everyone Else Did to Survive.
Caleb Quinn
·
Apr 3
Industry
Tilray Q3 Earnings: Cannabis Sales Jump 73% Amid Revenue Miss
Caleb Quinn
·
Apr 1
Industry
Two of Cannabis’s Largest Private Operators Just Signaled the MSO Shakeout Is Real
Caleb Quinn
·
Mar 30
Finance & Investment
All Finance →
Industry
MJ Unpacked’s Atlantic City Agenda Is a Stress Test Wrapped in a Trade Show
Caleb Quinn
·
Mar 28
Industry
Canada’s Cannabis Market Grew 6.5% as Alcohol Shrank. The Substitution Trade Is Real — and It’s Coming for U.S. Markets.
Caleb Quinn
·
Mar 27
Industry
AI Analysts Can’t Make Sense of Cannabis Stocks Yet. The Reasons Are Structural.
Caleb Quinn
·
Mar 27
Deal Tracker
— Q1 2026
View All Deals →
| Acquirer → Target | Deal Size | Status | Date | Sector |
|---|---|---|---|---|
Curaleaf→PharmaCann |
$2.1B | Announced | Mar 19, 2026 | Retail / Multi-state |
Trulieve→3 FL Dispensaries |
$64M | Closed | Mar 15, 2026 | Florida Retail |
Jushi Holdings→Ascend Wellness |
All-stock | Pending | Mar 12, 2026 | Merger |
Acreage Holdings→Ohio Leaf Group |
$28M | Closed | Mar 8, 2026 | Cultivation |
Glass House Brands→NorCal facility |
$18M | Closed | Feb 28, 2026 | Real Estate |
Schwazze→New Mexico Organic |
$12M | Announced | Feb 21, 2026 | Wholesale / Brand |
◆ Data Feature · MSO Watch
The MSO Shakeout: Who’s Winning, Who’s Bleeding
Twelve months of relentless price compression, 280E tax pressure, and drying capital markets have sorted the multi-state operators into two camps: the consolidators and the consolidatees. Here’s where every major player stands going into Q2 2026.
Revenue growth YoY
Debt-to-revenue ratio
Top Performer
GTI
+11% revenue YoY · Q4 '25
Biggest Loser
MedMen
−67% revenue · license risk
Sector Avg. Gross Margin
41.2%
Down from 49% in 2023
Combined MSO Debt
$4.8B
Up $600M in 12 months
The Insider — Opinion & Analysis
The Insider
Pesticide Anxiety Is Reshaping the Cannabis Market — and Operators Who Ignore It Are Falling Behind
A new study confirms what premium cannabis retailers have long suspected: consumers increasingly want clean, pesticide-free products and are willing to vote with their wallets. As cannabis stocks tread water, clean product standards may be one of the few genuine differentiators left on the shelf.
Read the full take →
May 11, 2026
The Insider
Cannabis Stocks Are Going Nowhere Fast — Even as the Underground Market Counts Billions
Cannabis equity markets remain stuck in neutral heading into the second quarter of 2026, with major MSO stocks failing to gain traction despite evidence that consumer demand for the plant remains enormous — even in states where it's still illegal. A new economic study out of Indiana illustrates the paradox starkly: Hoosiers are spending nearly $2 billion per year on cannabis anyway.
Read the full take →
May 8, 2026