Green Thumb Industries forecasts flat Q3 revenue despite Virginia’s July 1 adult-use cannabis market launch.
Green Thumb Industries (GTBIF) expects Q3 2026 revenue to remain flat as Virginia’s adult-use cannabis market opens July 1, 2027. The company cited regulatory shifts, including medical cannabis reclassification to Schedule III, as a key development.
Management noted the U.S. Drug Enforcement Administration may decide on broader cannabis rescheduling later this year. Q2 2026 results were not disclosed, but prior guidance suggested stable performance amid evolving state markets.
No immediate market reaction was reported following the earnings call insights.