Case Studies
MariMed Reports Q1 2026 Financial Results
NORWOOD – MariMed Inc. turned in another quarter of measured ...
3WIN Corp Acquires Alchemist Filling Machines
TEMPE - 3WIN Corp., a distributor of CCELL vape hardware ...
High Tide Subsidiary Targets Supplier Role in Medicare CBD Pilot
CALGARY – High Tide Inc. has announced that its U.S.-based ...
Cannabis Tax Deduction Ban Bill Gains 15th Sponsor in Congress
WASHINGTON – A federal proposal to preserve strict tax restrictions on Cannabis businesses has picked up additional support in Congress. The bill that would block state-legal Cannabis businesses from claiming standard federal tax deductions, regardless ...
Lüt Partners with Frankenmuth Credit Union to Process Cannabis Payments in Michigan
FRANKENMUTH – Lüt, a fintech company focused on closed-loop digital payments in Cannabis, has entered a partnership with Frankenmuth Credit Union to broaden access to compliant, cashless transaction options for licensed Cannabis operators in Michigan. ...
PGP Farmer Secures €3M for EU-GMP Medical Cannabis Hub in France
PARIS – French biotech company PGP Farmer announced the completion of a €3 million funding round from private investors. The capital obtained will help advance the company's plans to establish a large-scale, EU-GMP compliant production ...
Ascend Wellness Partners with Cannabis Advocate for New Dispensary in New Jersey
NEW YORK – Ascend Wellness Holdings Inc. disclosed a partnership with Mister Jones LLC and industry advocate Lerone Jones to launch a retail dispensary in Little Falls, NJ. The arrangement, one of the initial deals ...
Grown Rogue Claims Ground in Minnesota
MINNEAPOLIS – Grown Rogue International Inc., a Сannabis MSO focused on premium flower, has signed a long-term lease for a 109,000-square-foot facility in Fridley, just north of Minneapolis, positioning the company to produce for the ...
New Mexico Speeds Up Psilocybin Therapy Access
SANTA FE – State health leaders in New Mexico outlined plans this week to open a regulated psilocybin therapy program by the close of 2026, advancing the timeline a full year from the original statutory ...
Stiiizy Expands California Retail Network Buying 12 Gold Flora Outlets
LOS ANGELES – Stiiizy, the dominant player in California's Cannabis retail, has taken control of 12 former Gold Flora dispensaries in a $25 million court-approved transaction, marking a key step in the state's ongoing industry ...
Cannabis Tax Deduction Ban Bill Gains 15th Sponsor in Congress
WASHINGTON – A federal proposal to preserve strict tax restrictions on Cannabis businesses has picked up additional support in Congress. The bill that would block state-legal Cannabis businesses from claiming standard federal tax deductions, regardless ...
Lüt Partners with Frankenmuth Credit Union to Process Cannabis Payments in Michigan
FRANKENMUTH – Lüt, a fintech company focused on closed-loop digital payments in Cannabis, has entered a partnership with Frankenmuth Credit Union to broaden access to compliant, cashless transaction options for licensed Cannabis operators in Michigan. ...
PGP Farmer Secures €3M for EU-GMP Medical Cannabis Hub in France
PARIS – French biotech company PGP Farmer announced the completion of a €3 million funding round from private investors. The capital obtained will help advance the company's plans to establish a large-scale, EU-GMP compliant production ...
Week In Review: Benzinga was Buzzing; Senate Banking Committee Advances Cannabis Banking; Detroit’s “Psychedelic Church” Raided by Police Amid Legal Controversies; Congress Considers Bill to Limit Federal Overreach in Psilocybin-Permitting States
LOS ANGELES–Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets: there’s innovation and progress in full swing in some parts of the country, while in other parts, ...
Week In Review: Curaleaf Employees in Phoenix Stage Strike Demanding Fair Contract Negotiations; Columbia Care Advances Financial Strategy with $25 Million Private Placement; California Moves to Broaden Cannabis Consumer Rights with New Bills: Senate Bill 58 Holds the Potential to Usher in a New Era of Psychedelic Medicine and Policy Reform:
LOS ANGELES–Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets: there’s innovation and progress in full swing in some parts of the country, while in other parts, ...
Week In Review: New York Opens Door for MSOs to Enter Adult-Use Market; Verano Challenges Alabama; Maine’s Recreational Cannabis Sector Flourishes
LOS ANGELES–Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets: there’s innovation and progress in full swing in some parts of the country, while in other parts, ...
Green Thumb Industries Initiates Stock Buy-Back Program to Bolster Share Value
LOS ANGELES-- In a bid to amplify the value of its shares, Chicago-based Green Thumb Industries Inc. has unveiled a year-long share repurchase initiative which will potentially see a reacquisition of up to 10.4 million ...
Ensuring Safety in the Cannabis Industry: The Alarming Disparity in Pesticide Residues Between Legal and Illicit Products in Canada
LOS ANGELES-- A recent study published in the Journal of Cannabis Research highlighted alarming levels of pesticides in illegal cannabis samples compared to legal ones in Canada. The researchers scrutinized 36 legal cannabis samples from ...
Illinois Sees Slight Dip in August Cannabis Sales but Maintains Yearly Growth
LOS ANGELES-- In the latest data released, the adult-use cannabis sales in Illinois for the month of August have experienced a minor contraction, falling sequentially to $139.2 million. This marks a slight decrease of 0.6% ...
Biden Administration Initiates Evidence-Based Review of Cannabis Classification
WASHINGTON, D.C.- In a recent press briefing, White House Press Secretary, Karine Jean-Pierre underscored President Joe Biden's longstanding support for the legalization of cannabis for medicinal purposes, signaling a potentially significant shift in the federal ...
Week In Review: Stocks Soar: Biden Administration Initiates Cannabis Scheduling Review; California Says Yes to Psychedelic Medicines; Green Thumb Initiates Stock Buy-Back Program to Bolster Share Value
LOS ANGELES–Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets: there’s innovation and progress in full swing in some parts of the country, while in other parts, ...
Phoenix-Based Tilt Holdings Divests Stake in Shinnecock Nation Cannabis Partnership
LOS ANGELES-- In a strategic shift indicative of changing market dynamics, Tilt Holdings, a prominent Phoenix-based cannabis operator, has resolved to sever its ties with a cannabis partnership initiated with the Shinnecock Nation. A mere ...
Otsuka Pharmaceutical Set to Acquire Mindset Pharma in C$80 Million Deal
TORONTO — Mindset Pharma Inc. based in Toronto, is set to be acquired by the Japan-based Otsuka Pharmaceutical Co. via its American subsidiary. This all-cash deal, announced Thursday, is valued at about C$80 million ($59.15 ...
Medical Cannabis Offers Significant Relief for Neuropathic Pain, German Study Suggests
LOS ANGELES — Chronic neuropathic pain sufferers might find a beacon of hope in the medicinal properties of cannabis. A recent study out of Hamburg, Germany, indicates that cannabis inhalation can lead to notable improvements ...
Georgia Approves Three More Dispensaries for Medical Cannabis Program
ATLANTA — Georgia's Access to Medical Cannabis Commission (GMCC) has given the nod to three additional dispensary locations, augmenting the availability of low-THC oil products for patients across the state. During the public meeting on ...
Alabama Medical Cannabis Commission Faces Licensing Delays Amid Legal Complications
LOS ANGELES-- The Alabama Medical Cannabis Commission (AMCC) hit another roadblock in its licensing process as it announced an administrative stay on Thursday, according to AL.com. This suspension follows two unsuccessful attempts by the AMCC ...
Cannabis Insurance Firm Gains Momentum with $3.1M Seed Funding amid Regulatory Optimism
LOS ANGELES-- Connecticut-based Frontier Risk Group, an insurance firm specializing in the cannabis sector, recently secured a notable $3.1 million in seed funding, drawing significant attention from industry stakeholders. This substantial financial boost, facilitated by ...
Oklahoma Bureau of Narcotics Targets Illicit Cannabis Farms to Protect Legitimate Medical Businesses
LOS ANGELES — Over the past two years, the Oklahoma Bureau of Narcotics (OBN) has initiated aggressive enforcement actions, resulting in the shutdown of over 800 illegitimate cannabis farms that were operating under the pretense ...
Florida Governor Ron DeSantis Shares Views on Cannabis Legalization Amid Presidential Aspirations
LOS ANGELES— Florida Governor Ron DeSantis, perceived by many as a strong GOP contender against Donald Trump for the 2024 presidential nomination, voiced strong concerns about the legalization of cannabis during an Iowa campaign stop ...
UK’s Home Office Delay in CBD Regulatory Framework Draws Criticism from Industry Trade Group
LONDON — The Association of the Cannabinoid Industry (ACI), a key trade group in the United Kingdom, has voiced its concerns over the prolonged delay by the country's Home Office in establishing a clear regulatory ...
Detroit Businessman Pleads Guilty in Cannabis Licensing Bribery Case
DETROIT — John Dawood Dalaly, a prominent businessman from the Detroit area, has pleaded guilty to bribing a leading state cannabis regulator, seeking approval for dispensary licenses. Federal prosecutors have recommended that Dalaly face a ...
New York’s Cannabis Licensing Controversy: A Deeper Look
NEW YORK-- In a surprise turn of events, New York's journey to cannabis legalization faced a significant speed bump. A recent decision by a New York Supreme Court Judge has thrown the state's budding cannabis ...
Major Shift in U.S. Cannabis Policy on the Horizon
LOS ANGELES-- On Monday, the U.S. Department of Health and Human Services under the Joe Biden administration formally recommended to its counterparts at the Department of Justice that cannabis be moved lower on the list ...
The Bahamas Moves to Establish Medical Cannabis Industry
LOS ANGELES— In a pivotal stride toward diversifying its economy, The Bahamas has rolled out a comprehensive package of 11 legislative bills, aiming to decriminalize cannabis for medical, research, and religious uses. This move establishes ...
The Promise and Potential of Psilocybin
LOS ANGELES-- The rapid emergence of research into the potential therapeutic benefits of psilocybin, a naturally occurring psychedelic compound found in certain mushrooms, has brought with it new hope for individuals struggling with various mental ...
U.S. Health Department Urges Easing Rules on Cannabis, Citing Health Benefits
WASHINGTON, D.C. –In a recent development, the U.S. Department of Health and Human Services (HHS) has proposed a relaxation of regulations surrounding cannabis, according to a report from Bloomberg News. The move comes as part ...
Nebraska Governor Rejects Proposed Changes to Law Enforcement’s Cannabis Usage Rules
LOS ANGELES— A proposal aimed at reducing the time frame that law enforcement officer recruits in Nebraska must abstain from cannabis use prior to training has been vetoed by Governor Jim Pillen. The measure sought ...
Cybin Acquires U.K.-Based Small Pharma Amid Emerging Trends in Psychedelics Industry
NEW YORK — In what could be described as the burgeoning movements within the psychedelics sector, Cybin , a clinical-stage biopharmaceutical firm, has announced its intention to acquire U.K.'s Small Pharma. This move sparks dialogue ...
