Case Studies
AbbVie Reveals $900M Upfront Payment in Psychedelic Deal, Signaling Strong Bet on Bretisilocin
CHICAGO – AbbVie Inc. disclosed in a recent securities filing ...
Fairfax Bank Retreats from Servicing Cannabis Businesses
FAIRFAX – MainStreet Bancshares Inc., a community lender with $2.2 billion in assets, has shelved its Cannabis banking program just eight months after unveiling it as a growth driver. The decision, disclosed by CEO Jeff ...
Stiiizy Halts Sales at Catalyst Outlets as Leadership Clash Deepens
LOS ANGELES – Stiiizy, California's dominant Cannabis brand with a footprint in Arizona, Michigan, and Nevada, has stopped supplying its products to Catalyst Cannabis Co. stores, marking a sharp break in what was once a ...
Arizona Funds Nation’s First Whole-Mushroom Psilocybin Trial Targeting PTSD in Veterans & First Responders
PHOENIX – State officials in Arizona have authorized and financed what amounts to the country's initial controlled study of whole psilocybin mushrooms as a treatment for post-traumatic stress disorder (PTSD) among police officers, firefighters, and ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – Executives and operators in the Cannabis and psychedelics sectors wrapped up another fortnight with a mix of regulatory headwinds, financial maneuvers, and market validations that underscore the sector's resilience. From bipartisan efforts ...
MariMed Strikes Licensing Deal to Bring Edibles Line to New York Market
NORWOOD – MariMed Inc. has signed a licensing agreement with Farm 2 Hand, LLC, a licensed cultivator and processor in New York, to roll out its lineup of edibles across the state starting in 2026. ...
Germany Boosts Medical Cannabis Import Cap
BERLIN – German health authorities have increased the annual limit on medical Cannabis imports to 192.5 metric tons, in an effort to keep up with the rapid growth in patient demand while the country navigates ...
Emerald Intel Acquires Cannabiz Media, Expanding Reach in Cannabis Intelligence Sector
ANNAPOLIS – Emerald Intel, a key player in Cannabis market data, revealed its purchase of Cannabiz Media, a long-standing directory of licensed operators and decision-makers in the North American Cannabis space. The transaction, announced via ...
Fairfax Bank Retreats from Servicing Cannabis Businesses
FAIRFAX – MainStreet Bancshares Inc., a community lender with $2.2 billion in assets, has shelved its Cannabis banking program just eight months after unveiling it as a growth driver. The decision, disclosed by CEO Jeff ...
Stiiizy Halts Sales at Catalyst Outlets as Leadership Clash Deepens
LOS ANGELES – Stiiizy, California's dominant Cannabis brand with a footprint in Arizona, Michigan, and Nevada, has stopped supplying its products to Catalyst Cannabis Co. stores, marking a sharp break in what was once a ...
Arizona Funds Nation’s First Whole-Mushroom Psilocybin Trial Targeting PTSD in Veterans & First Responders
PHOENIX – State officials in Arizona have authorized and financed what amounts to the country's initial controlled study of whole psilocybin mushrooms as a treatment for post-traumatic stress disorder (PTSD) among police officers, firefighters, and ...
Trulieve Cannabis Corp Reports Q2 2025 Financial Results
TALLAHASSEE – Trulieve Cannabis Corp., a major player in the U.S. Cannabis market, announced its financial and operational results for the second quarter of 2025, ending June 30, showcasing resilience and strategic progress. The company ...
Aurora Cannabis Reports Q1 FY2026 Financial Results
EDMONTON – Aurora Cannabis Inc. (ACB), a leading Canadian Cannabis producer, announced its financial and operational results for the first quarter of fiscal 2026, ending June 30, 2025, showcasing robust growth in its medical Cannabis ...
AYR Wellness Exits Massachusetts in Broad Financial Restructuring
LOS ANGELES – AYR Wellness, a Miami-based multi-state Cannabis operator, is pulling out of Massachusetts as part of a bold restructuring to tackle its financial challenges. The company will close its 90,000-square-foot Milford cultivation facility, ...
Canopy Growth Expands its Presence in Australia
OTTAWA – Canopy Growth Corporation has introduced its Canadian-grown 7ACRES brand to the Australian medical Cannabis market, marking a strategic expansion of its global medical portfolio. The launch, announced on August 5, features two high-THC ...
Jushi Holdings Reports Q2 2025 Financial Results
LOS ANGELES – Jushi Holdings Inc. reported its Q2 2025 financial results, reflecting modest revenue growth and operational advances as it expands its retail footprint and refines its cultivation strategy. The company posted revenue of ...
Senate Pushes for Cannabis and Psychedelics Research Amid Schedule I Restrictions
WASHIGTON D.C. – The Senate Appropriations Committee approved a substantial spending bill addressing Labor, Health and Human Services, Education, and Related Agencies (LaborHHS), including provisions that could reshape the scope of research into Schedule I ...
Metrc and BioTrack Partner to Forge Cannabis Compliance and Innovation
LOS ANGELES – Metrc LLC, a leading developer of regulatory track-and-trace systems, unveiled a strategic alliance with BioTrack, a prominent Cannabis technology provider, aimed at enhancing compliance and operational solutions for the Cannabis sector. The ...
Avant Brands Reports $9.7 Million in Q2 2025 Revenue
TORONTO – Avant Brands Inc., a Kelowna-based Cannabis producer, reported $9.7 million in gross revenue for the second quarter of 2025, covering the three months ended May 31, according to its latest financial disclosure. The ...
Miss Grass Joins Curaleaf to Expand Medical Cannabis Access in Florida
LOS ANGELES – Curaleaf Holdings, Inc. has entered into an exclusive partnership with Miss Grass, a women-founded Cannabis brand celebrated for its premium flower and wellness-focused approach. Announced on August 4, this collaboration introduces Miss ...
HCN Launches HCN Pay: The First Dual-Processor Payments Solution Designed Specifically for Cannabis Retail
LOS ANGELES — Highly Capitalized Network, a leading business and financial media platform for the Cannabis, psychedelics, and wellness industries, has officially launched HCN Pay, a breakthrough payments solution built exclusively for Cannabis retailers. HCN ...
Week In Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES - Critical compliance issues, market exits, and clinical and regulatory breakthroughs shaped a turbulent week for cannabis and psychedelics businesses. Cannabis Industry Highlights 1.Cresco Labs Exits California, Refocuses on Profitability Cresco Labs confirmed ...
Glass House Brands Tightens Up Compliance After ICE Raids Shake Operations
LOS ANGELES – Glass House Brands Inc. has swiftly moved to strengthen its compliance protocols following federal immigration raids on two of its California farms on July 10. Conducted by U.S. Immigration and Customs Enforcement ...
Canada’s Cannabis Industry Defies Economic Odds
TORONTO – In a striking contrast to Canada’s faltering economy, the legal Cannabis industry continues to flourish, bolstering the nation’s GDP while other sectors struggle. Statistics Canada reports that the licensed cannabis sector grew by ...
Cannabis Giants Grapple with Weak ROIC, Viridian Report Finds
LOS ANGELES – A recent analysis by Viridian Capital Advisors paints a somber picture for the Cannabis industry, projecting that none [!] of the 11 major companies studied will achieve a Return on Invested Capital ...
Aurora Cannabis Inc. Reports 93% Sales Surge & Focus on Medical Market Dominance
OTTAWA – Aurora Cannabis Inc. (ACB), a leading Canadian cannabis producer, has reported a 93% jump in sales for its latest quarter, cementing its position in the medical cannabis market. The Edmonton-based company’s financial results, ...
Cannabis Real Estate Valuations Highlight Sector Dynamics
LOS ANGELES – A recent report from Viridian Capital Advisors sheds light on the valuations of four key players in the U.S. Cannabis real estate sector: Chicago Atlantic and AFC Gamma, the leading specialty lenders, ...
Germany Breaks Ground with EU’s First Psilocybin Compassionate Use Approval
BERLIN – Germany has become the first European Union nation to authorize the compassionate use of psilocybin, the psychoactive compound in magic mushrooms, for patients with treatment-resistant depression (TRD). Under this program, approved by the ...
Golden Gate Park Celebrates Grateful Dead’s Timeless Legacy at 60th Anniversary Show
SAN FRANCISCO – This weekend, August 1-3, Dead & Company will take the stage at Golden Gate Park’s Polo Fields for a monumental three-night concert series commemorating the Grateful Dead’s 60th anniversary. The event, expected ...
Analysis: The Quiet Revolution in U.S. Cannabis: Efficiency Is the New Growth Engine
LOS ANGELES — The U.S. Cannabis industry is evolving—but not in the way headlines suggest. Yes, national retail sales remain strong at a $32 billion annualized pace. And yes, states like New York and Ohio ...
Ayr Wellness Faces Drastic Restructuring as Noteholders Take Control
LOS ANGELES – Ayr Wellness Inc., a prominent player in the U.S. Cannabis industry, is set to undergo a seismic restructuring that could mark the end of the company as it exists today. On July ...
Verano Reimagines Cannabis Retail with Bodega-Style Store in Phoenix
PHOENIX – Verano Holdings Corp., a Chicago-based multistate Cannabis operator, introduced a novel retail concept with its "bodega-style" dispensary at the Zen Leaf Phoenix-Cave Creek location. This innovative store offers a new take on the ...
GTI Launches Señorita’s Ranch Water, Fusing THC and Texas Flair
LOS ANGELES – Green Thumb Industries (GTI) has introduced Señorita’s Ranch Water flavor, a THC-infused, alcohol-free beverage inspired by the iconic West Texas cocktail. Unveiled on July 27, this crisp drink blends sparkling water, real ...
Consumers Demand Clean Label Cannabis, Survey Reveals
LOS ANGELES – A recent survey commissioned by XRPure has uncovered a strong consumer push for cleaner, safer Cannabis products. Conducted among 516 adults, the survey found that an overwhelming 91.7% believe medical Cannabis should ...
Cannabis Rescheduling Omitted from Cole’s Priorities, Raising Questions About Trump’s Stance
LOS ANGELES – In a surprising turn, newly appointed DEA administrator Terrance Cole has sidelined Cannabis rescheduling, despite pledging it as a top priority during his April 2025 Senate Judiciary Committee hearing. According to a ...
New York’s Licensing Blunder
NEW YORK – NY’s adult-use cannabis market, now boasting 436 licensed dispensaries [a 93-store increase since late 2024] has hit a snag. The Office of Cannabis Management (OCM) recently acknowledged a critical error in its ...
