Case Studies
Organigram Pulls Sanity Group Into a Single Global Structure
TORONTO – Organigram Global Inc. did not wait out the ...
North Carolina Lawmakers Unite Behind Psychedelic Research Bill for Veterans
RALEIGH – NC Lawmakers from both parties held a press ...
Glass House Brands Applies for NYSE Uplisting
LONG BEACH – Glass House Brands Inc., a vertically integrated ...
Charlotte Figi Day: The Enduring Legacy of a Girl Who Sparked a Revolution in Cannabis
LOS ANGELES – Every year on April 7, Colorado officially observes Charlotte Figi Day, a day set aside by proclamation of Governor Jared Polis to honor a remarkable young girl whose courage, suffering, and breakthrough ...
Innocan Pharma Closes Additional Insider Debenture
HERZLIYA-CALGARY – Innocan Pharma Corp. announced that it had completed the closing of an additional secured debenture with its largest shareholder, Tamar Innovest Ltd., for gross proceeds of $200,000. The financing follows the company’s earlier ...
New Mexico Allocates $630K for Medical Psilocybin Treatment Equity Fund
SANTA FE – Gov. Michelle Lujan Grisham signed the state’s annual budget bill, setting aside $630,000 to create the Medical Psilocybin Treatment Equity Fund and extend access to supervised psilocybin therapy for low-income and rural ...
Cannabis-Infused Products Market to Reach $41B Billion in 2026, Research and Markets Reports
LOS ANGELES – Research and Markets has published its latest report on the Cannabis-infused products sector, forecasting the global market to grow from $33.62 billion in 2025 to $41.44 billion this year, a compound annual ...
Curaleaf Completes $500M Debt Refinancing, Extends Maturity to 2029
STAMFORD – Curaleaf Holdings Inc. has finalized a $500 million private placement of 11.5% senior secured notes maturing on February 18, 2029. The company announced the closing, marking what it describes as the largest bond ...
Virginia Medical Cannabis Generated Over $15M in January
RICHMOND – Virginia's medical Cannabis market reaped $15.1 million in sales during January, according to a report published by the Virginia Cannabis Control Authority. The figure, drawn from 126,706 transactions across the state's licensed pharmaceutical ...
New Study: Medical Cannabis Linked to Measurable Sleep Improvements
NEW YORK- A newly published observational study in PLOS Mental Health adds real-world data to the ongoing discussion around Cannabis and sleep therapeutics. Researchers analyzed outcomes from 124 patients enrolled in the UK Medical Cannabis ...
Charlotte Figi Day: The Enduring Legacy of a Girl Who Sparked a Revolution in Cannabis
LOS ANGELES – Every year on April 7, Colorado officially observes Charlotte Figi Day, a day set aside by proclamation of Governor Jared Polis to honor a remarkable young girl whose courage, suffering, and breakthrough ...
Innocan Pharma Closes Additional Insider Debenture
HERZLIYA-CALGARY – Innocan Pharma Corp. announced that it had completed the closing of an additional secured debenture with its largest shareholder, Tamar Innovest Ltd., for gross proceeds of $200,000. The financing follows the company’s earlier ...
New Mexico Allocates $630K for Medical Psilocybin Treatment Equity Fund
SANTA FE – Gov. Michelle Lujan Grisham signed the state’s annual budget bill, setting aside $630,000 to create the Medical Psilocybin Treatment Equity Fund and extend access to supervised psilocybin therapy for low-income and rural ...
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 ...
The Hive: What’s The Buzz’ In The Cannabis Hive?
LOS ANGELES–Welcome back to the sizzling world of cannabis intrigue and whispers. Get ready to ignite those rolling papers as we dive into a fresh batch of scintillating tales. Move over, CEO love triangle – ...
New Legislation Marks a Milestone in Cannabis Legalization in Minnesota
NEW YORK- On Tuesday, August 1st, a groundbreaking legislation allowing adults to possess and home-cultivate personal-use quantities of cannabis took effect in Minnesota. The move makes Minnesota the 23rd state to legalize and regulate the ...
Under Armour Signs $9 Million Deal with Hemp Black for Sustainable Yarn Supply
LOS ANGELES-- Hemp Black, a subsidiary of Australia-based Ecofibre, has entered into a significant supply agreement with global sports apparel brand Under Armour Inc. The deal, valued at $9 million annually, will involve Hemp Black ...
Psyence Group Inc. Reports Financial Losses Driven by Research and Development Costs
NEW YORK-- Psyence Group Inc. a psychedelic medicine and fungiculture company headquartered in British Columbia, recently disclosed its financial results for the fiscal year ending March 31, highlighting a surge in losses primarily attributed to ...
