Consumer Research
Canopy Growth Secures Additional Funding Amid Financial Struggles
LOS ANGELES- Canopy Growth Corp., a Canadian cannabis producer, announced ...
Cookies Expands Influence in Florida Cannabis Market
LOS ANGELES- Cookies, a player in the cannabis industry, has ...
Minnesota’s Strategic Early Cannabis Licensing Initiative
LOS ANGELES- Minnesota lawmakers are evaluating a measure to issue ...
DEA Reschedules Cannabis, Boosting Industry and Sparking Calls for More Reform
This week, the Drug Enforcement Administration (DEA) made a significant policy shift by reclassifying cannabis under the Controlled Substances Act (CSA), moving it from Schedule I to Schedule III, alongside drugs like Tylenol with codeine ...
Public Safety and Inclusivity Drive Support for Cannabis Banking Legislation
LOS ANGELES- A recent poll by Morning Consult indicates that 64% of Americans support allowing cannabis businesses access to traditional banking services, suggesting such measures could enhance public safety. The poll aligns with growing legislative ...
Federal Reclassification of Cannabis Unlikely to Resolve Banking Challenges
LOS ANGELES- Despite the potential federal reclassification of cannabis to Schedule III under the Controlled Substances Act, significant banking hurdles remain for state-legal cannabis companies. The American Bankers Association (ABA) has highlighted that the change ...
Psyched Wellness Reports Revenue and Strategic Partnerships
LOS ANGELES- Psyched Wellness Ltd., a legal mushroom supplement company, disclosed its financial results for the first quarter ending February 29, which were reported in Canadian dollars. The company experienced a slight increase in revenue, ...
Georgia Governor Enacts New Hemp Cultivation and Regulation Law
LOS ANGELES- Georgia Governor Brian Kemp has signed into law a legislative package aimed at supporting the state's agricultural sector, which includes new regulations for the hemp industry. The laws introduce a comprehensive framework for ...
DEA Moves to Reclassify Cannabis to Schedule III
LOS ANGELES- The U.S. Drug Enforcement Administration (DEA) is reportedly planning to reclassify cannabis from a Schedule I to a Schedule III substance under the Controlled Substances Act, a change confirmed by anonymous sources and ...
California Advances Bill for Regulated Therapeutic Use of Psychedelics
LOS ANGELES- California is making strides in pioneering psychedelic-assisted therapy through proposed legislation aimed at establishing regulated centers for adult usage of substances like psilocybin, MDMA, and mescaline. The "Regulated Therapeutic Access to Psychedelics Act," ...
Attorney General Takes Legal Action Against Retailers for Selling Synthetic THC to Minors
LOS ANGELES- Nebraska's Attorney General, Mike Hilgers, has launched legal action against several local retailers for allegedly selling synthetic THC products to minors. The lawsuit, filed against entities including Midwest Smoke Shop, accuses the retailers ...
Planet 13 Advances Florida Expansion with Strategic Acquisitions
LOS ANGELES- Las Vegas-based multistate cannabis operator Planet 13 Holdings Inc. is poised to expand its footprint in the Florida medical cannabis market following regulatory approval to sell its existing license in the state. The ...
California’s Cannabis Tax Collection Challenges Highlight Business Closure Impact
LOS ANGELES- California's cannabis industry faces significant fiscal challenges as a substantial portion of overdue taxes remains uncollected, primarily due to the closure of indebted businesses. According to a new report by Greenwave Advisors, the ...
US DEA To Reclassify Cannabis In Historic Move
WASHINGTON, D.C.- In a landmark development, the Drug Enforcement Administration (DEA) has made a historic decision, concurring with the recommendations of the top federal health agency to reclassify cannabis from Schedule I to Schedule III ...
Lophos Holdings Inc. Expands Peyote Cultivation
Lophos Holdings Inc. — Lophos Holdings Inc., through its subsidiary Lophos Pharmaceuticals Corp., announces the successful planting of 3,000 peyote seeds, significantly surpassing its initial cultivation target of 1,000 plants for the year 2024. This ...
RIV Capital Fiscal Update and Strategic Developments
NEW YORK- RIV Capital Inc. an investment and acquisition firm, today reported its financial outcomes for the fiscal quarter and the nine-month period ending December 31, 2023. This period marks a transition following the adjustment ...
Upcoming Cannabis Legislation: Initiatives in Nebraska, Idaho, and Arkansas
LOS ANGELES- In the evolving landscape of U.S. cannabis legislation, three states—Nebraska, Idaho, and Arkansas—are poised to make significant strides. Nebraska and Idaho are looking to legalize medical cannabis, while Arkansas aims to expand its ...
Arrests Made in Multi-Nation JuicyFields Cannabis Investment Fraud
LOS ANGELES- The investigation into the JuicyFields cannabis investment scam, believed to involve fraudulent activities amounting to nearly $700 million, has culminated in the arrest of nine individuals. This case, noted as one of the ...
Dutchie Payments System Buckles Under Pressure on 4/20
LOS ANGELES- On April 20th, the cannabis community celebrates a day of significance – a day marked not only by camaraderie but also by substantial commercial activity. However, this year’s 4/20 brought a bitter experience ...
MedMen Winds Up Getting Wound Up: Files for Bankruptcy, Assets Placed in Receivership
NEW YORK- MedMen Enterprises has declared bankruptcy in Canada, announcing the decision on April 24 amid escalating financial troubles. With liabilities amounting to C$561 million ($410.4 million), the cannabis company has appointed B. Riley Farber ...
California Moves Closer to Legalizing Cannabis Cafés
LOS ANGELES- California's legislative efforts to allow cannabis cafés took a significant step forward as Assembly Bill 1775, championed by Representative Matt Haney (D), passed through a second Assembly committee. The bill received favorable votes ...
Study Finds THC Increases Survival Time in Palliative Care Patients
LOS ANGLES- A recent study conducted by German researchers has found that tetrahydrocannabinol (THC) may significantly extend the survival time of ambulatory palliative patients. Published in the peer-reviewed journal Medical Cannabis and Cannabinoids, the study ...
Expanded Record Sealing Opportunities Approved in Maine
LOS ANGELES- Maine's Legislature has recently approved two significant bills that enhance the state's ability to seal criminal records. Among these, one particular bill stands out for its focus on cannabis-related offenses. This legislation now ...
DEA Challenges Right to Try Psilocybin Use in Court
LOS ANGELES- The U.S. Drug Enforcement Administration (DEA) has requested a federal appeals court to refuse Dr. Sunil Aggarwal's application to use psilocybin for terminally ill patients, citing the Controlled Substances Act (CSA) which does ...
Louisiana Committee Advances Cannabis Regulatory Framework Bill
LOS ANGELES- The Louisiana House Health and Welfare Committee has unanimously passed House Bill 707, setting the stage for a comprehensive regulatory framework for recreational cannabis use. Introduced by Rep. Edmond Jordan, the bill aims ...
Cannabis Industry on Track to Deliver 800,000 American Jobs by 2028
SAN DIEGO — In a recent report, CannabizTeam, a leading cannabis staffing and executive search firm, detailed optimistic projections for the U.S. job market within the legal cannabis industry, forecasting substantial growth and compensation boosts ...
Study Reveals High THC Levels in Smokable Hemp Products
LOS ANGELES- A recent study conducted by the National Institute of Standards and Technology (NIST) has revealed that a significant majority of smokable hemp products contain THC levels that exceed federal legal limits, classifying them ...
Cresco Labs Workers Vote to Leave Union
LOS ANGELES- In a notable development in the cannabis industry, employees at Cresco Labs' cultivation facility in Fall River, Massachusetts, have opted to de-unionize. The decision, made ahead of the expiration of their current contract ...
Louisiana Legislators Clash Over THC Consumables Regulation
LOS ANGELES- Louisiana's legislative bodies are currently entangled in a debate over the future of hemp-derived THC consumables, with contrasting bills passed by the House and Senate. According to NOLA.com, the Louisiana House has passed ...
Expansion of Japan’s Cannabis Market
LOS ANGELES- The cannabis market in Japan has shown remarkable growth from $26.3 million in 2019 to $173.8 million in 2023. This growth, detailed in a report by Euromonitor International, reflects a burgeoning demand for ...
Heritage Cannabis Seeks Creditor Protection
LOS ANGELES-Heritage Cannabis Holdings Corp. has sought creditor protection, reflecting broader financial distress within Canada’s adult-use cannabis market. The Ontario Superior Court of Justice approved the creditor protection under the Companies' Creditors Arrangement Act (CCAA), ...
Minnesota House Advances Social Equity in Cannabis Licensing
LOS ANGELES- The Minnesota House of Representatives has passed significant amendments to the state's adult-use cannabis program, focusing on enhancing social equity in cannabis licensing. The changes were detailed in a recent MinnPost report and ...
Adjustments to Federal Drug Testing Guidelines Proposed
NEW YORK- The Department of Health & Human Services is considering revisions to the federal drug testing panels, as detailed in a recent Federal Register publication. The proposed adjustments include the addition of fentanyl to ...
Canopy Growth Corp Expands into U.S. Cannabis Market
LOS ANGELES- Canopy Growth Corp, a Canada-based cannabis company, has secured approval from its shareholders to venture into the American cannabis market via its newly established subsidiary, Canopy USA. This strategic move involves a novel ...
Strategic Merger: Nature’s Miracle and Agrify Unite in Controlled Environment Agriculture
LOS ANGELES- Nature's Miracle Holding Inc., a vertical farming technology, has successfully completed its acquisition of Agrify Corporation, a provider of advanced cultivation and extraction solutions. This merger positions the combined entity at the forefront ...
North Carolina’s First Medical Cannabis Dispensary Opens
NEW YORK- North Carolina witnessed the opening of its first medical cannabis dispensary on April 20, a significant event as it marks the only legal, regulated, and safe sale of cannabis within the state. Located ...
Governor Pritzker Campaigns for Biden, Highlighting Cannabis Policy and Political Strategy
LOS ANGELES- Illinois Governor J.B. Pritzker campaigned for President Joe Biden in Grand Rapids, Michigan, using the occasion of the 420 cannabis holiday to discuss the economic benefits of cannabis legalization. Pritzker highlighted the positive ...
A LIFE IN A DAY: Liesl Bernard: Executive Search Expert: CEO Kalon Wellness & CannabizTeam
Here, in A LIFE IN A DAY, Liesl Bernard shares with Highly Capitalized, what life’s like for them outside their busy working week. With over 25 years of global executive search experience, Liesl is the ...