Case Studies
Texas’s Dazed Inc Claims Expansion and Buyback Strategy
AUSTIN – Dazed Inc., formerly MedX Holdings, Inc., released a ...
High Tide Secures C$40M Credit Approval, Expands Ontario Footprint with Northern Helm Acquisition
CALGARY – High Tide Inc. continues to build its position ...
Vireo Growth to Acquire Nevada-Based C21 Investments
MINNEAPOLIS – In a move that underscores ongoing efforts by ...
BLAZE Launches Herbie AI Budtender for Cannabis E-Commerce
ANAHEIM – BLAZE, an AI-powered retail technology suite specifically designed for Cannabis dispensaries, delivery services, payments, and e-commerce has introduced Herbie AI Budtender – the virtual assistant providing personalized product guidance to customers shopping online. ...
Curaleaf Extends Automatic Share Disposition Plan
STAMFORD – Curaleaf Holdings Inc. disclosed that Peter Clateman, its Chief Legal Officer, has extended an existing automatic securities disposition plan (ASDP) to handle the exercise of stock options due to expire in July 2027 ...
Cresco Labs Secures Conditional Medical Cannabis License in Texas
AUSTIN – Cresco Labs Inc. announced that the Texas Department of Public Safety had conditionally awarded it a license under the state’s Compassionate Use Program. The vertically integrated permit, covering cultivation, processing and dispensing, applies ...
350 Retail Cap and Tier V Cultivation Limits: What Virginia’s Scarcity Model Means for License Strategy
RICHMOND- Virginia’s adult-use design is built on scarcity and structural oversight. The 350 retail cap materially limits market density, shaping site selection and long-term valuation models. Tier V cultivation remains limited to five large operators. ...
Virginia Adult-Use Applications Expected in 2026: Operators Should Begin Structuring Now
NEW YORK- Virginia’s adult-use Cannabis legislation is now in reconciliation after both the House (HB 642) and Senate (SB 542) advanced competing sales frameworks. For operators, the question is no longer whether retail will launch—but ...
SAM in Action: How Dark Money Fuels Prohibitionists Attacks
LOS ANGELES – A noticeable uptick in anti-Cannabis content has appeared on social platforms lately, flooding threads with posts on scromiting, schizophrenia, psychosis risks, outdated research, recycled study headlines, and new ballot proposals surfacing in ...
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 ...
BLAZE Launches Herbie AI Budtender for Cannabis E-Commerce
ANAHEIM – BLAZE, an AI-powered retail technology suite specifically designed for Cannabis dispensaries, delivery services, payments, and e-commerce has introduced Herbie AI Budtender – the virtual assistant providing personalized product guidance to customers shopping online. ...
Curaleaf Extends Automatic Share Disposition Plan
STAMFORD – Curaleaf Holdings Inc. disclosed that Peter Clateman, its Chief Legal Officer, has extended an existing automatic securities disposition plan (ASDP) to handle the exercise of stock options due to expire in July 2027 ...
Cresco Labs Secures Conditional Medical Cannabis License in Texas
AUSTIN – Cresco Labs Inc. announced that the Texas Department of Public Safety had conditionally awarded it a license under the state’s Compassionate Use Program. The vertically integrated permit, covering cultivation, processing and dispensing, applies ...
Aleafia Health and Red White & Bloom Brands Terminate Merger Amid Debenture Dispute
TORONTO — The anticipated merger between Canadian cannabis company Aleafia Health and U.S. multistate cannabis operator Red White & Bloom Brands has been called off, according to an announcement made by the companies. The proposed ...
Compass Pathways’ Psilocybin Treatment Shows Promise for Depression
LONDON-- London-based mental health care company, Compass Pathways (Nasdaq: CMPS), announced encouraging outcomes from a phase 2 clinical trial investigating the efficacy of its synthetic psilocybin treatment, COMP360, in combination with daily SSRI antidepressants for ...
Study: Cannabis Use Enhances ‘Runner’s High’ During Exercise
LOS ANGELES-Recent research published in the journal Cannabis and Cannabinoid Research has shed light on an intriguing association between cannabis use and an enhanced running experience. According to the study's data, individuals who used cannabis ...
Canadian Cannabis Entrepreneurs Turn to Micro-Cultivation to Tackle Oversupply
TORONTO-- In response to a surplus of cannabis and declining prices within the Canadian cannabis industry, cannabis entrepreneurs are increasingly embracing smaller micro-cultivation facilities as a means to reduce costs and produce higher-quality cannabis. This ...
Week In Review: Cannabis & Psychedelic Sectors Diverge: TerrAscend Leads Cannabis Stocks, Canopy Growth Struggles, Awakn & Cybin Forge Ahead
LOS ANGELES- In the fast-paced world of cannabis and psychedelics, last week's developments & ''liquidity events'' have left investors and industry experts alike eagerly observing the unfolding landscape. These events have showcased both encouraging victories ...
Ohio Adds Irritable Bowel Syndrome to Medical Cannabis Qualifying Conditions
LOS ANGELES-- On July 12, the State Medical Board of Ohio announced its decision to include irritable bowel syndrome (IBS) in the state's list of qualifying conditions for medical cannabis. However, the board rejected the ...
Red Lake Nation to Open Minnesota’s First Native American Adult-Use Cannabis Store
LOS ANGELES --In a significant development for Minnesota's cannabis industry, the Red Lake Nation has voted to allow NativeCare Dispensary, an existing tribal medical cannabis dispensary, to commence sales to individuals aged 21 and older ...
Cannabis Industry Seeks Relief from Unfair Tax Burden of 280E
In a nod to the historic Boston Tea Party of 1773, cannabis company MariMed recently held the 'Boston 280E THC Party' in Boston Harbor, a unique event designed to protest Tax Code 280E. CEO and ...
North Carolina Medical Cannabis Legalization Bill Faces Republican Opposition
LOS ANGELES-- Efforts to legalize medical cannabis in North Carolina have hit a roadblock, as the bill that gained bipartisan support in the state Senate earlier this year has been deemed unlikely to pass in ...
Michigan Civil Service Commission Votes to Lift Cannabis Drug Test Ban for Most State Employees
LOS ANGELES-- In a unanimous decision, the Michigan Civil Service Commission has voted to eliminate the prohibition on hiring most state employees who fail pre-employment drug tests for cannabis, as reported by MLive. This move ...
TerrAscend Secures $25 Million Commercial Loan to Reduce Debt and Lower Interest Expenses
LOS ANGELES-- TerrAscend Corp., a cannabis operator in North America, has successfully closed a commercial loan of $25 million with Stearns Bank. The loan proceeds will primarily be used to pay down existing debt with ...
Ukraine Parliament Gives Initial Approval to Medical Cannabis Legalization Proposal
KYIV-- The Ukraine Parliament has taken a significant step towards the legalization of medical cannabis by granting initial approval to a proposed legislation. The bill, which still requires potential amendments and a second reading, must ...
Record-Breaking Cannabis Sales in Massachusetts Reach $151.8 Million in June
BOSTON-- Massachusetts witnessed an extraordinary surge in cannabis sales during the month of June, with total transactions reaching a remarkable $151.8 million, as reported by state figures. This impressive figure consists of $132.8 million in ...
States Collaborate with Federal Regulators in Sharing Cannabis Data for Rescheduling Review
LOS ANGELES-- In a significant development, several states with medical cannabis programs have collaborated with U.S. health regulators to provide crucial data regarding cannabis use and its impact on patients. This information, including details about ...
Virginia’s Cannabis and Hemp Markets Face Regulatory Uncertainty
LOS ANGELES-- The cannabis and hemp markets in Virginia are facing significant turmoil due to regulatory uncertainty perpetuated by the state's Republican leadership. The previously anticipated launch of recreational cannabis sales in January 2024 is ...
Illinois Social Equity License Winners Face Challenges in Opening Cannabis Shops
ILLINOIS-- The 55 winners of the upcoming Illinois social equity license lottery, set to be announced on Thursday, may encounter difficulties in successfully launching their cannabis businesses. Historical data indicates that only a fraction of ...
Maryland’s First Week of Adult-Use Cannabis Sales Tops $20 Million
LOS ANGELES-- Maryland's cannabis retailers reported a remarkable achievement, with nearly $21 million in combined sales of medical and recreational cannabis products during the state's inaugural week of adult-use sales. Andrew Garrison, Chief of Policy ...
FDA and FTC Warn Companies Selling Delta-8 THC Foods for Safety Violations
LOS ANGELES-- The U.S. Food and Drug Administration (FDA) and the Federal Trade Commission (FTC) have jointly taken action against six companies for illegally selling food products containing delta-8 THC, a hemp-derived compound. Warning letters ...
Pennsylvania Senate Committee Advances Proposal for Expanded Medical Cannabis Access
HARRISBURG-- The Pennsylvania Senate Law & Justice Committee has taken a significant step forward by approving a proposal that would grant physicians the authority to certify patients for the state's medical cannabis program based on ...
Wholesale Cannabis Prices in Michigan Show Signs of Stability
MICHIGAN - Wholesale prices for cannabis flower in Michigan have recently shown signs of leveling off and even a slight uptick, providing a glimmer of hope for producers who have endured a significant decline in ...
New York Gov. Kathy Hochul’s Office Delays Plans for Cannabis Farmers Markets
NEW YORK - Plans for cannabis farmers markets in New York State have hit an impasse as Gov. Kathy Hochul's office puts the idea on hold indefinitely. The proposal, initially introduced by state regulators in ...
Massachusetts Strip Club Ditches Controversial “Topless Cannabis” Plans
WHATELY, Mass. — In a surprising turn of events, the owners of Club Castaway in Whately have announced their plans to reopen the strip club next month. The establishment, Franklin County's sole strip club, ...
Germany’s Supreme Court Says ”No” To Canabis Legalization Plans
Berlin--In a federal legal setback for the pending decriminalization of cannabis, the Karlsruhe-based Supreme Court has upheld its case law from the 1990s, disregarding several appeals. The ruling, issued by the Third Chamber of the ...
The Complexities of Research and Development Taxation in California’s Cannabis Industry
LOS ANGELES-- In recent years, the U.S. cannabis industry has experienced unprecedented growth, with a majority of states embracing its medical applications and an increasing number legalizing adult use. This surge in acceptance has been ...
The Tax Challenges Plaguing the Cannabis Industry
LOS ANGELES-- The year 2022 brought forth a significant shift in the financial landscape for the cannabis industry, as businesses grappled with a pressing tax conundrum. With the looming income tax filing season, cannabis taxpayers ...
