Cannabis Briefs for May 20, 2025

•Portland, Oregon-based Wyld has launched a new cannabis gummy, the brand’s first release containing THCV. The 10mg gummies are kiwi flavored and contain an equal dose of THCV, a cannabinoid that can leave users feeling energized. Initially, Wyld has launched the new gummies in New York and Michigan, with the company rolling out the new release in Arizona, California, Colorado, Illinois, Maryland, Massachusetts, Missouri, New Jersey, New Mexico, Nevada, Ohio, Oregon, and Washington over the next few months. Wyld’s kiwi gummies are the 15th SKU in the brand’s cannabis gummy portfolio.

•TerrAscend has expanded into Ohio, acquiring the Buckeye state’s Ratio Cannabis for $10.3 million. The move brings TerrAscend into six states (plus Canada) and is part of a wider expansion for the company, with TerrAscend announcing that it will acquire additional adult-use retail locations in Ohio. The move follows an expansion in New Jersey, with TerrAscend acquiring Union Chill Cannabis Co. in early May. The New Jersey buy gives TerrAscend four retailers in the state.

•States across the U.S. continue to see mixed returns from adult-use cannabis, with growth more scattered and many established markets contracting. Still in growth mode is Missouri, which posted April 2025 sales of $125.88 million, up just under 5% over April 2024. Adult-use sales in the state made up $110 million, up just under $6 million over the previous year. Medical sales in the state continue to trend downward, sliding less than $1 million to $14.78 million. In Michigan, April sales were down $7 million to $270 million, compared to the prior year. The declines are attributed to price compression, with Michigan seeing sales by volume rise even as the industry brings in less money. The average price per ounce in the state dropped to $62.23 last month.

•California is set to increase its cannabis excise tax from 15% to 19% on July 1, amid wider changes to cannabis regulations in the state. While the tax hike presents a challenge to the industry, other moves—like increasing enforcement against the black market and adding no new fees to legal cannabis businesses—could provide relief. Under the new budget proposal, the state’s Department of Cannabis Control would gain the ability to padlock illicit operators, similarly to how New York cracked down on the black market. Despite the potential relief offered by a black market crackdown, the state’s cannabis industry decried the tax hike, with the California Cannabis Operators Association saying that raising taxes on the industry doesn’t make economic sense.

Tagged : cannabis, TerrAscend, Wyld

GET YOUR FIRST LOOK AT 2025 ESTIMATES AND 2030 PROJECTIONS FOR THE WINE AND SPIRITS INDUSTRIES. ORDER YOUR 2025 IMPACT DATABANK REPORTS. CLICK HERE.