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🌿 Federal bill hits hemp market hard, cannabis companies relay Q3 results, and High Tide steps up store count

Welcome to another edition of The Pre Roll, the cannabis newsletter that keeps you up-to-date on the industry happenings you need to know. Here’s what we’re rolling up this week: Federal bill hits hemp market hard, cannabis companies relay Q3 results, High Tide steps up store count, and more. Let’s get to it.

Author

Alex Lipnik
November 14, 2025

together with

Happy Friday Pre Rollers! Welcome to another edition of The Pre Roll, the cannabis newsletter that keeps you up-to-date on the industry happenings you need to know.

Here’s what we’re rolling up this week:

  • Federal bill hits hemp market hard

  • Cannabis companies relay Q3 results

  • High Tide steps up store count

…and more. Let’s get to it.

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🚨 ROLL CALL
Policy

Source: Alicia Tatone / GQ

Blow up. As part of a federal funding bill agreed upon to end the longest U.S. federal government shutdown in history, Congress passed a provision that dealt a significant blow to the $28 billion hemp market. The package, signed and supported by President Trump, tightens the legal definition of hemp and bans hemp‑derived products containing more than 0.4 milligrams of THC. The U.S. Hemp Roundtable, a national nonprofit advocacy organization, says it will eliminate 95% of the industry.

In the lead up to the vote, which ultimately passed 222-209, senators clashed over the included hemp language.

Despite the grim outlook, the U.S. Hemp Roundtable and executives from Cann and Enjoy Hemp remain optimistic.

Business

Source: Yahoo Finance

Show up. A number of plant-touching and ancillary cannabis companies reported financial results for the third quarter of 2025, with varied outcomes. Click on any business below for further detailed information.

Keep an eye out for Q4 and full year updates.

Business

Grow up. Canada’s largest cannabis retail chain High Tide is opening four new Canna Cabana locations in Alberta and Ontario, bringing its total Canadian store count to 215.

"Hitting 215 Cabanas—almost entirely through organic growth—is a powerful validation of our disciplined capital allocation strategy and our ability to identify and win in the right neighbourhoods. With 24 new locations opened so far this calendar year, we remain on track to finish toward the higher end of our 20-to-30 new-store target for 2025.”

Raj Grover, Founder and Chief Executive Officer of High Tide

The dispensaries, located in Calgary, Scarborough, Kitchener, and Nepean, are all slated to be open by the end of the month.

🇺🇸 STATE OF THE INDUSTRY

Arkansas: Medical cannabis sales reached over $22.7 million in September, with patients purchasing more than 6,000 pounds of product statewide.

Georgia: The state’s medical cannabis commission approved a 19th medical cannabis dispensary as patient enrollment triggered expansion under state law.

Michigan: Cannabis sales rose by about 6.5% in October, recovering slightly after a sharp drop in September.

💼 BUSINESS

Verano ventures into new markets

The leading multi‑state cannabis operator has forged exclusive partnerships to expand its branded cannabis products, introduced Flower by Edie Parker in Florida and Raw Garden in New Jersey.

🤝 DEALS

Planet 13 parts ways with property

The vertically-integrated cannabis company, known for having the nation’s biggest dispensary location, announced it is divesting a retail store and closing a cultivation facility in California to concentrate on its stronger markets.

💻 TECH

Distru discloses major milestones

The cannabis ERP’s new marketplace, DistruCommerce, surpassed $1.5 billion in annualized GMV and 2,600 onboarded licensed retailers within its first six months as it expands across major U.S. cannabis states.

💨 QUICK HITTERS

  • Würk and Seed Talent formed a partnership focused on workforce training and compliance for cannabis businesses.

  • Cresco Labs launched its flagship flower brand in Germany, marking the company’s first commercial entry into the European Union.

  • FLUENT completed its first harvests at its new Tampa facility, which expanded its premium indoor flower canopy by about 25 %.

  • Muha Meds unvieled a new mobile app that lets users verify product authenticity, earn loyalty rewards, and gain access to exclusive music events and merchandise drops.

📚 WHAT WE’RE READING

  • 'Survival mode': It was once California's top pot-producing county. Now it's a bust. (SFGATE)

  • What California's lower cannabis tax will mean for the programs that get the revenue (NPR)

  • ‘Will of the People’: The future of medical cannabis and ballot initiatives in Nebraska (KOLN)

🎙️ POTCASTS

  • The Amazon of THC, How Edibles.com Will Take Cannabis National (The Dime)

  • Improving Commerce for Cannabis Operators Built on a Foundation of Good Data (Cannabis Equipment News)

🔎 JOB BOARD

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The Pre Roll Team

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