News about Green Thumb

Moving marijuana from Schedule I to Schedule III is being delayed by a Government Accountability Office report, as opponents seek to add the report, more testimony and documents to the administrative record. The DEA does not object to including the report, but the additional requests could postpone a final decision. For Green Thumb Industries (GTBIF), rescheduling could remove the federal tax burden under Section 280E, which bars deductions for ordinary operating expenses. Even so, the company generated $29 million in operating cash flow in Q2 2026, with revenue of $306.7 million, normalized EBITDA of $84.3 million and net income of $4.9 million. Q2 gross margin fell to 45% from 49.9% a year earlier, while the company repurchased about 29.5 million shares for $203.4 million.