The article discusses High Tide's Q2 earnings, which reflect Canna Cabana's retail success, highlighting the company's performance in the cannabis industry.

High Tide Inc. (HITI) reported strong Q2 2025 financial results, including $137.8 million in revenue (11% YoY growth), 200 Canna Cabana locations in Canada (12% market share), and expansion discussions into the German medical cannabis market. The company generated $8.1 million in Adjusted EBITDA, $4.9 million in free cash flow, and 1.9 million members in its Cabana Club loyalty program.

A group of cannabis companies is challenging the federal prohibition of cannabis, with their case potentially moving to the U.S. Supreme Court. The First Circuit Court of Appeals recently rejected their lawsuit, but the case may now proceed to SCOTUS if the court agrees to hear it. The legal battle centers on the federal government's evolving stance on state-legal cannabis markets and the restrictions placed on cannabis businesses, including access to federal services.

Portuguese police conducted a large-scale operation targeting a criminal gang involved in illegal cannabis distribution, leading to seizures of cannabis and arrests. Legal cannabis industry players warn of potential supply chain disruptions due to regulatory crackdowns and export permit delays, with companies like SOMAÍ Pharmaceuticals and Cannabud.ai expressing concerns about compliance and patient access to medicines.

New York State is investigating several cannabis brands, including Stiiizy, Waahoo, Grön, Mfused, To the Moon, and Turn, for allegedly using a processor on Long Island to source weed from other states, a practice known as 'inversion.' This tactic undermines the safety and traceability of cannabis products in New York, where legalization promises a safe supply traced to local farms. The investigation, unfolding two weeks before 4/20, could result in the brands being banned from New York or facing more scrutiny in other states. The Office of Cannabis Management, which oversees the cultivation and sale of marijuana, has created a Trade Practices Bureau to investigate inversion and other market manipulations. The investigation is based on a 2,185-page whistle-blower report.