Greenlane Holdings, Inc.

GNLN: Is Greenlane Holdings, Inc. Halal?

Greenlane Holdings, Inc.

NASDAQConsumer DefensiveUS

$2.70

-4.26%

Market Cap: 506.9K

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Greenlane Holdings, Inc. (GNLN) halal? Not Halal. Based on AAOIFI screening, Greenlane Holdings, Inc. has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

Business activity

Involved in prohibited business activities.

Failed

Company debt

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

N/A

What this means for you

Most scholars advise not holding GNLN

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Greenlane Holdings, Inc.

Greenlane Holdings, Inc., established in 2005 and based in Boca Raton, Florida, is a prominent entity in the creation and supply of cannabis-related accessories, child-resistant containers, vaporization devices, and lifestyle goods. Its operations extend across the United States, Canada, and European markets, organized into distinct Consumer Goods and Industrial Goods divisions. The company's expansive product range includes various consumption aids such as vaporizers, pipes, rolling papers, packaging solutions, grinders, and apparel, along with specialized smoking and vaping apparatus like bubblers and rigs. These items are marketed under well-known labels including VIBES, Pollen Gear, Marley Natural, Aerospaced & Groove, K. Haring Glass Collections, Eyce, Higher Standards, and DaVinci. Greenlane distributes its offerings through an extensive network of 8,500 retailers, encompassing smoke shops, cannabis dispensaries, and specialty stores, while also maintaining a substantial online presence via numerous e-commerce platforms such as Vapor.com, Higherstandards.com, and DaVincivaporizer.com.

Sector: Consumer Defensive · Industry: Tobacco

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 2026

Business Activity Screen

Failed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

  • Prohibited industry: Tobacco

Compliance History

Not Halal, unchanged since Aug 2026.

No status changes recorded since we began tracking.

Tracked since Aug 2026. Updates automatically on each re-screen.

Fiscal: Q2 2026Data source: EDGAR

Halal Alternatives in Consumer Defensive

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

03
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A1 A.K. Koh Group Berhad

$0.17

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03
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Farmiera Berhad

$0.21

+0.00%

21
2135.KLA+

Gopeng Berhad

$0.76

-0.03%

74
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Teck Guan Perdana Berhad

$1.80

+0.00%

Lifeway Foods, Inc.
LWAYA+

Lifeway Foods, Inc.

$31.06

+5.72%

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Frequently Asked Questions

Is Greenlane Holdings, Inc. (GNLN) halal to invest in?
Greenlane Holdings, Inc. (GNLN) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.
Why did Greenlane Holdings, Inc. get a F compliance rating?
Greenlane Holdings, Inc.'s compliance grade is determined by AAOIFI Standard 21 screening, a two-step process: (1) qualitative screen for prohibited business activities and (2) quantitative check of debt, interest deposits, and prohibited income ratios. Scroll up to see the detailed ratio breakdown.
What could change Greenlane Holdings, Inc.'s Shariah verdict?
Greenlane Holdings, Inc.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.
How often is Greenlane Holdings, Inc. re-screened for Shariah compliance?
Greenlane Holdings, Inc. (GNLN) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Aug 26, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.