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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:
Grön goes Wyld
Celebs step into legal ring
Rescheduling remains pending
…and more. Let’s get to it.
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🚨 ROLL CALL
Business
Source: Wyld
Gone wild. Wyld has announced the acquisition of Grön in a transaction expected to close in Q1 2026, marking a significant consolidation in the cannabis edibles sector. The move brings together two established Oregon-based brands, combining Wyld’s extensive North American footprint spanning roughly 7,500 retail locations across 16 U.S. states and Canada with Grön’s portfolio distributed in approximately 4,500 stores.
“This acquisition is about scaling a brand that’s already winning. Grön has built exceptional products and a deeply trusted brand. Our goal is to support its continued growth by pairing Grön’s creativity and innovation with Wyld’s infrastructure, reach, and operational strength—without compromising what makes Grön special.”
“Grön was built with purpose from day one, rooted in quality, creativity, and a deep respect for the people who choose our products. Joining forces with Wyld allows us to thoughtfully scale what we do best while staying true to who we are. We share the same values, the same standards, and the same commitment to making exceptional edibles, and together we’re expanding our ability to bring that experience to more consumers without losing our roots.”
The combined organization will employ approximately 1,400 people and offer a diversified edibles lineup. As part of the deal, Grön will continue to operate as a distinct brand, maintaining its products, formulations, and brand identities.
Business
Source: New York Post
Star struck. Former heavyweight boxing champion Mike Tyson and pro wrestling legend Ric Flair have filed a federal lawsuit seeking more than $50 million in damages against former executives and a shareholder of Carma HoldCo, the company behind their celebrity-branded cannabis products.
The complaint, filed in U.S. District Court in Illinois, claims the defendants engaged in wire fraud, embezzlement, money laundering, and other misconduct that enriched them at the expense of the company and its partners.
“Throughout their time at CARMA, Bronstein and Wilks treated CARMA as their own personal piggy bank, using more than $1 million to pay for unauthorized personal travel on private jets, costs associated with Bronstein’s personal yacht, renovations to Bronstein’s personal residence, a mortgage payment for Wilks’ personal residence, and lavish entertainment expenditures for Wilks, including exorbitantly priced meals and travel expenditures, as well as excessive and unapproved compensation and bonuses.”
Other allegations are include the unauthorized sale of licensing rights and undisclosed kickbacks tied to third-party vaping products.
Attorneys for the defendants have strongly denied the claims, characterizing the suit as meritless.
Policy
Source: Julia Wytrazek / Emerald
On hold. The U.S. Drug Enforcement Administration (DEA) indicated the cannabis rescheduling appeal process is still in limbo, despite a recent executive order from President Trump directing the attorney general to accelerate its move from Schedule I to Schedule III.
According to the agency’s latest joint status report, the appeal “remains pending” with no briefing schedule set. The agency must complete this administrative process before the legal classification of cannabis can be officially changed.
If approved, the reclassification would ease restrictions on research and reduce certain tax burdens for the industry, though it would stop short of legalizing or decriminalizing cannabis nationwide.
🇺🇸 STATE OF THE INDUSTRY
Alabama: Lawmakers have introduced a bill that would classify cannabis use in cars with children as child abuse or neglect, potentially triggering criminal penalties and child welfare involvement.
Arizona: Conservative political strategist Sean Noble has filed paperwork to put a measure on the 2026 Arizona ballot that would reverse key parts of the state’s voter‑approved recreational cannabis law.
Tennessee: A new proposed bill would allow one adult per household to legally grow up to 15 cannabis plants for personal use.
💼 BUSINESS
TerrAscend transaction targets Garden State growth
The leading North American cannabis operator closed its acquisition of the Union Chill dispensary in New Jersey, expanding its retail footprint in the state to four dispensaries and adding a location that generates more than $11 million in annualized revenue.
💻 TECH
Nabis nets notable Golden State growth
The licensed cannabis wholesale platform acquired key assets from Humble Cannabis Solutions, adding about $13 million in distribution capacity and strategic investment to strengthen its California network and broader commerce infrastructure to better support brands and retailers.
🌏 AROUND THE WORLD
Thailand: Thailand’s government plans to tighten cannabis regulations by limiting most sales to licensed medical facilities and prescriptions in order to rein in the thousands of dispensaries that have proliferated since decriminalization.
💨 QUICK HITTERS
Kentucky’s first medical cannabis dispensary sold out its initial inventory within its first week of opening in December and is now preparing to reopen mid‑January.
Former NFL superstar Calvin Johnson discussed smoking cannabis during his career on the St. Brown Podcast hosted by NFL receivers Amon‑Ra and Equanimeous St. Brown.
Leafly released its list of the top 100 U.S. dispensaries for 2025, highlighting the country’s leading cannabis retailers.
San Diego’s 10% cannabis business tax is expected to bring in $19.7 million this year, falling short of the $21.3 million budgeted.
📚 WHAT WE’RE READING
Trump’s embrace of pot has Republicans in Congress fuming (POLITICO)
The Medical Case for Rescheduling Cannabis (Wall Street Journal)
Is 280E tax relief immediate? Your top marijuana rescheduling questions answered (MJBizDaily)
Cannabusiness lawsuit highlights need for Congress to clarify federal treatment of marijuana (Reason Foundation)
Michigan's weed gold rush is long gone. Now, the industry is fighting to survive. (Crain’s Detroit Business)
Mass. cannabis prices reach record lows as retailers ‘race to the bottom’ (MassLive)
Demand for cannabis remains steady in Oregon as production hits record, driving prices lower (Oregon Public Broadcasting)
A year after legalization, NKY is still waiting for its first medical marijuana dispensary to open (WVXU)
📽️ VIDEO OF THE WEEK
🔎 JOB BOARD
Curaleaf
$180,000—$200,000
State of Missouri
$55,950—$69,144
Cresco Labs
$60,000—$65,000
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💚,
The Pre Roll Team
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