Case Studies
Vireo Growth Completes Purchase of Leased NY Cannabis Facility
MINNEAPOLIS – Vireo Growth Inc. has completed the acquisition of ...
Aurora Cannabis Acquires Safari Flower to Expand International EU-GMP Capacity
EDMONTON – Aurora Cannabis Inc. announced that it has acquired ...
Relm Launches Kidnap & Ransom Insurance for Cannabis Businesses
HAMILTON – Bermuda-based Relm Insurance announced a new Kidnap and ...
CMS Finalizes Rule for Medicare CBD Coverage Pilot
WASHINGTON – The Centers for Medicare & Medicaid Services (CMS) has finalized regulations enabling a pilot program for federal health insurance coverage of hemp-derived CBD products, according to a recent statement from an executive at ...
Missouri Cannabis Sales Hit Record $1.5B in 2025
JEFFERSON CITY – Missouri's regulated Cannabis market posted its strongest year yet in 2025, with retailers recording approximately $1.5 billion in total sales, according to figures from the Missouri Department of Health and Senior Services. ...
New Hampshire House Advances Bill to Regulate Medical Psilocybin Use
CONCORD – The New Hampshire House of Representatives has given initial approval to a bipartisan measure that would establish a state program allowing supervised therapeutic access to psilocybin for qualifying medical conditions. House Bill 1809, ...
MSOS ETF Rally Hints at Bigger Gains Ahead, Zuanic Report Finds
LOS ANGELES – A recent report from equity research firm Zuanic & Associates outlines substantial financial gains for U.S. MSOs if federal regulators shift Cannabis to Schedule III status, with savings potentially exceeding hundreds of ...
Organigram Reports Q4 2025 Financial and Full Fiscal Year Results
TORONTO – Organigram Global Inc. released its record Q4 and fiscal 2025 results, showing substantial gains in revenue and profitability metrics despite a quarterly net loss tied to one-time charges. For the fourth quarter, gross ...
The Supreme Court Declines to Resolve Federal Cannabis Prohibition—And the Silence Speaks Volumes
WASHINGTON, D.C. – In its December Orders List, the U.S. Supreme Court declined to hear a case that many hoped would finally force a reckoning between federal Cannabis prohibition and state-legal markets. By declining review, ...
Canopy Growth Acquires MTL Cannabis in Bid to Ramp Up Medical Sales
SMITHS FALLS – Canopy Growth Corp., a major player in the Canadian Cannabis sector, has signed a definitive agreement to purchase MTL Cannabis Corp. in a cash-and-stock transaction worth about $125 million on a fully ...
CMS Finalizes Rule for Medicare CBD Coverage Pilot
WASHINGTON – The Centers for Medicare & Medicaid Services (CMS) has finalized regulations enabling a pilot program for federal health insurance coverage of hemp-derived CBD products, according to a recent statement from an executive at ...
Missouri Cannabis Sales Hit Record $1.5B in 2025
JEFFERSON CITY – Missouri's regulated Cannabis market posted its strongest year yet in 2025, with retailers recording approximately $1.5 billion in total sales, according to figures from the Missouri Department of Health and Senior Services. ...
New Hampshire House Advances Bill to Regulate Medical Psilocybin Use
CONCORD – The New Hampshire House of Representatives has given initial approval to a bipartisan measure that would establish a state program allowing supervised therapeutic access to psilocybin for qualifying medical conditions. House Bill 1809, ...
Cannabis Research Firm MMJ International Holdings Prepares Lawsuit Against DEA for Alleged Violations of Federal Law
LOS ANGELES-- MMJ International Holdings Corp, a cannabis research company, is gearing up to file a lawsuit against the Drug Enforcement Administration (DEA), accusing the agency of failing to adhere to federal law regarding the ...
Canadian Cannabis Producer Cannara Biotech Reports Profitable Quarter
MONTREAL–Cannara Biotech, a prominent cannabis producer based in Montreal, has unveiled a notable achievement, reporting a profit of 2.9 million Canadian dollars ($2.2 million) in the recently concluded third quarter that terminated in May, as ...
Florida AG Says Adult-Use Legalization Campaign is Actually a Trulieve Monopoly Push
MIAMI–A campaign advocating the legalization of cannabis in Florida, sponsored chiefly by Trulieve Cannabis Corp., a notable multistate operator, has come under the scrutiny of the state attorney general, who alleges that it disguises a ...
MSO Story Cannabis Co. Acquires Four New Cannabis Stores in Arizona
LOS ANGELES-Story Cannabis Co., a prominent multistate operator, has successfully secured a substantial foothold in the Arizona cannabis market by acquiring four coveted vertically integrated licenses from Devi Holdings. These licenses, which were previously under ...
FDA Issues First Ever Guidance for Research of Psychedelics
NEW YORK-In a noteworthy stride toward potential shifts in medical practices, the Food & Drug Administration (FDA) has introduced a draft guidance that could pave the way for researchers to explore the use of psychedelics ...
South Dakota Resident Initiates Effort to Repeal State’s Medical Cannabis Law
LOS ANGELES-- Newell resident Travis Ismay has launched an ambitious effort to convince voters to repeal South Dakota's medical cannabis law, approved with overwhelming support in 2020. However, Ismay may face an uphill battle, as ...
Oklahoma Supreme Court Hears Arguments on Cannabis Business Fee Increase
LOS ANGELES— The Oklahoma Supreme Court recently heard arguments in a lawsuit filed by a coalition of cannabis companies challenging a large business fee increase that took effect in June. The companies argue that the ...
Minnesota Leads in Low-Dose THC Beverages as Cannabis Market Soars
LOS ANGELES— The unanticipated success of low-dose, hemp-derived THC beverages has made Minnesota the hottest market for such products, not only in the United States but potentially worldwide, surpassing the markets in Canada and Europe. ...
U.S. Department of Veterans Affairs Reaffirms Prohibition on Medical Cannabis Recommendations to Veterans
LOS ANGELES— The U.S. Department of Veterans Affairs (VA) has recently issued an updated directive reiterating its doctors' prohibition from issuing medical cannabis recommendations to military veterans. The revised Veterans Health Administration (VHA) guidance aligns ...
MariMed Inc. Reports Financial Results for Q2 2023
LOS ANGELES-- MariMed Inc., a multi-state operator in the cannabis industry, has unveiled its financial results for the second quarter ending June 30, 2023. Despite facing headwinds in the industry and consumer spending, the company's ...
Colorado Governor Jared Polis Applauds Legalization of Cannabis and Psychedelics
LOS ANGELES--In a recent interview with John Stossel, Colorado Governor Jared Polis expressed his positive views on the state's moves to legalize cannabis and psychedelics, stating that the experience has been "very good." Governor Polis, ...
Pelorus Capital Group Achieves Historic Milestone with First Cannabis-Linked Real Estate Securitization
LOS ANGELES-- In a groundbreaking announcement today, Pelorus Capital Group, a prominent player in the specialty-use cannabis real estate lending market, has successfully priced the first-ever securitization for cannabis-linked real estate. Utilizing commercial mortgage-backed securities ...
Canadian LP. Acquisition of State-of-the-Art Cannabis Cultivation and Processing Facility Announced
LOS ANGELES-- After months of negotiations, a purchase agreement has been signed for the acquisition of a prominent indoor cannabis cultivation and processing facility from a public Canadian LP. The facility is considered one of ...
Illinois Adult-Use Cannabis Sales in June Hit $136 Million, Third Highest on Record
LOS ANGELES-- In June, adult-use cannabis sales in Illinois reached an impressive milestone, totaling $136 million, according to data from the Cannabis Regulation Oversight Officer (CROO). This marked the highest sales total of the year ...
New York Officials Shut Down Unlicensed Cannabis Shops in Western Counties
NEW YORK-- New York state authorities carried out a crackdown on what they deemed as seven unlicensed cannabis dispensaries in the western region on Monday. The establishments, known as the "I'm Stuck" shops, located in ...
Illinois Enacts Law to Support Smooth Reintegration of Formerly Incarcerated Individuals
LOS ANGELES--Illinois has taken a significant step towards facilitating the reintegration of individuals who have been released from prison into society. Senate Bill 423, signed into law by Governor J.B. Pritzker (D) on Friday, aims ...
Arkansas Enacts Law Allowing Medical Cannabis Patients to Obtain Concealed Carry Licenses
LOS ANGELES-- On Tuesday, a new law officially took effect in Arkansas, clarifying that medical cannabis patients in the state can obtain concealed carry licenses for firearms. The bill, signed by Governor Sarah Huckabee Sanders ...
Study Reveals Legal Ambiguities in Hemp Delta-9 THC Products, Calls for Regulatory Revisions
LOS ANGELES-- A recent lab study conducted by cannabis consumer research company CBD Oracle and InfiniteCAL Labs has shed light on the complexities surrounding hemp delta-9 THC products. The study analyzed 53 popular hemp delta-9 ...
Cybin Inc. Announces Pricing of Public Offering to Advance Clinical Programs
LOS ANGELES-- Cybin Inc. a company in the psychedelics industry, revealed the pricing of its overnight marketed public offering, aimed at funding the progression of its clinical programs, including CYB003 and CYB004. The company plans ...
Senator John Hickenlooper Refiles Bill to Lay Groundwork for Federal Cannabis Legalization
WASHINGTON — Senator John Hickenlooper (D-CO) has reintroduced a bill that seeks to pave the way for federal marijuana legalization. Titled the Preparing Regulators Effectively for a Post-Prohibition Adult-Use Regulated Environment Act (PREPARE) Act, the ...
Massachusetts Cannabis Regulator to Depart; Maryland Governor Appoints Health Experts
LOS ANGELES--Shawn Collins, the executive director of the Massachusetts Cannabis Control Commission, is reportedly set to resign from his position by the end of this year. Although Collins has not yet officially confirmed his departure, ...
Oklahoma Regulators Uncover Thousands of Untagged Cannabis Plants and Arrest Licensee
LOS ANGELES-- Oklahoma's medical cannabis industry faced a significant setback when regulators discovered approximately 4,000 untagged cannabis plants and over 630 pounds of untagged cannabis at a licensed grow facility. The discovery, made during an ...
Filament Health and Jupiter Acquisition Corp. Strike NASDAQ Deal for Psychedelics Advancement
LOS ANGELES-- Canadian clinical-stage natural psychedelics firm Filament Health has taken a significant step forward by signing a definitive agreement with Special Purpose Acquisition Company (SPAC) Jupiter Acquisition Corp. to establish a new public company ...
Minnesota’s Cannabis Legalization Takes Effect, Allowing Possession and Cultivation for Adults 21 and Older
MINNEAPOLIS — On Tuesday, Minnesota officially enacted its cannabis legalization law, granting adults aged 21 and older the right to possess and grow cannabis for personal use. This legalization, passed by lawmakers earlier this year ...
New Study Reveals Real-Time Brain Changes After Ketamine Use
LOS ANGELES-- A groundbreaking study, published in the Nature Journal Scientific Reports and sponsored by psychedelics firm Cybin Inc. (CYBN), demonstrates Kernel's Flow technology system's capability to capture and analyze brain changes following the administration ...
