This Week In Cannabis: Paraguay Nears Adult-Use Sales, JPMorgan Hints At Banking And More On Earnings, NHL, Tyson, STIIIZY, Germany

The cannabis industry had a busy week, with major policy developments, business expansions and market shakeups. 

Paraguay is on the verge of legalizing adult-use cannabis sales, while Germany's medical cannabis sector is experiencing record growth. Meanwhile, Florida's legalization advocates are making another push for adult-use reform and JPMorgan Chase CEO Jamie Dimon signaled potential banking support for the cannabis industry—if federal law allows it.

In the business world, STIIIZY, one of the U.S.’s top-selling cannabis brands, announced its expansion into New York, marking a milestone in its bi-coastal presence. Major financial updates came from High Tide, C21 Investments and Simply Solventless Concentrates, with earnings reports reflecting shifting market conditions. Additionally, Bright Green Corporation filed for Chapter 11 bankruptcy, while Body and Mind Inc. exited the Illinois market in a $5 million asset sale.