Debra Borchardt

New York

Co-Founder, Executive Editor of the Award-Winning cannabis financial news site @GreenMarketRpt. Hiker, 3x SNL extra and according to my son - the Best Mom Ever.

Articles

Recreational cannabis continues to fuel Ohio sales numbers

2 months ago | greenmarketreport.com | Debra Borchardt

This story was republished with permission from Crain’s Cleveland Business. That figure represents retail sales recorded by the Ohio Division of Cannabis Control from Aug. 6, when recreational marijuana was first sold in the state by licensed dispensaries, through April 5. Comprising that total is about $434.2 million in recreational sales and approximately $222.2 million in medical. The market has continued to grow in line with retail prices steadily decreasing since last August.
SEC hands down more final judgments in CanaFarma fraud case

2 months ago | greenmarketreport.com | Debra Borchardt

The Securities and Exchange Commission (SEC) says it is finally done with handing down judgments in the CanaFarma fraud case. According to the SEC announcement, on April 10, 2025, the U.S. District Court for the Southern District of New York entered final judgments against Frank Barone and Kirill Chumenko, both former Senior Vice Presidents of Sales & Marketing at CanaFarma Hemp Products Corp.
Hemp beverages beat craft beers when it comes to tariffs

2 months ago | greenmarketreport.com | Debra Borchardt

President Donald Trump’s on again, off again tariffs have rattled many industries, including the regulated cannabis industry that will be affected as vape hardware and packaging prices get hit with tariffs in shipments from Asia. But according to a new report from Whitney Economics, one segment could actually benefit: hemp beverages.
Advanced Flower Capital fires back at Justice Grown group

2 months ago | greenmarketreport.com | Debra Borchardt

The legal battle between Advanced Flower Capital and the founders of Justice Grown, also known as Justice Cannabis Co., is heating up. AFC, also once known as AFC Gamma, filed a complaint last week in the Southern District of New York court accusing the founders, who are also lawyers, of engaging in racketeering in connection with the loans for the company’s Pennsylvania and New Jersey facilities. Founders Jon Loevy and Michael Kanovitz co-own Justice Grown and its subsidiaries.
New study explores how THC-infused drinks are shaping drinking habits

2 months ago | greenmarketreport.com | Debra Borchardt

Data collection company MoreBetter announced a new study aimed at understanding the impact of THC-infused beverages on alcohol consumption, mood and overall quality of life. The company said it is looking for 2,000 qualified participants to provide daily feedback over three weeks about their infused beverage and alcohol consumption patterns, as well as self-assessments on their overall quality of life. Infused beverages have become the hottest thing in cannabis.
Scotts cuts Hawthorne Collective loose as it pivots away from cannabis

2 months ago | greenmarketreport.com | Debra Borchardt

Scotts established its hydroponic business, Hawthorne Gardening, to enter the cannabis space. In the beginning, it looked like a stellar plan, as the industry was rapidly growing and competing to see who could build the largest grow facilities. Sales of equipment soared and Hawthorne was seen as a leader in the space. The company also saw this as an opportunity to get into the investing side of cannabis as well and created the Hawthorne Collective as an investment vehicle.
California seizes over $316 million of illegal cannabis

2 months ago | greenmarketreport.com | Debra Borchardt

California Governor Gavin Newsom announced that over $316 million worth of illegal cannabis was seized in the first quarter of 2025. The state said the seizures demonstrated its commitment to the legal cannabis market. The value of the seizures might be a little generous as the state is placing a roughly $2,600 price per pound while the average is generally around $1,000 per pound.
Tilray continues closing breweries

2 months ago | greenmarketreport.com | Debra Borchardt

Breweries seemed to be the answer to balance its cannabis business, but Tilray Inc. (NASDAQ: TLRY) is continuing to shutter businesses it recently bought. The latest is Hop Valley Brewing in Eugene, Oregon. The company announced the move internally a couple of days ago and confirmed to the outlet BrewBound that the production facility would close in July. Tilray had just bought the company in September of 2024 from Coors (NYSE: TAP) for an undisclosed amount.
New administration causing more cannabis consumption says survey

2 months ago | greenmarketreport.com | Debra Borchardt

The 2025 survey of Americans 21 and older, conducted online by The Harris Poll on behalf of Royal Queen Seeds (RQS), asked Americans about their personal cannabis use. Half of cannabis consumers (50%) said the new presidential administration will lead them to consume more cannabis than they did before, including 59% of young female cannabis consumers (ages 21–34). Economic fearsThat increased use due to the current economic chaos could lead to more people growing their cannabis at home.
SNDL buys Cost Cannabis and T Cannabis for C$32 million

2 months ago | greenmarketreport.com | Debra Borchardt

SNDL Inc. (Nasdaq: SNDL) is buying 32 cannabis retail stores known as Cost Cannabis and T Cannabis in Ontario, Alberta and Saskatchewan from 1CM Inc. (CSE: EPIC) (OTCQB: MILFF) in a deal valued at C$32.2 million. The deal is expected to close by the end of the third quarter of 2025. According to the statement, the 1CM Stores generated an annual revenue of approximately C$53 million in the fiscal year ending August 31, 2024, with 30 active stores at the fiscal year’s end.