Case Studies
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – Operators entered 2026 riding a wave of ...
Silo Pharma Initiates Safety Study for PTSD Drug SPC-15
LOS ANGELES- Silo Pharma Inc. a developmental-stage biopharmaceutical company, has commenced a 7-day safety and toxicology study for its lead candidate, SPC-15, an intranasal treatment targeting post-traumatic stress disorder (PTSD). The study is being conducted ...
Glass House Brands to Manage The Leaf El Paseo Dispensary
LOS ANGELES- Glass House Brands Inc. and LEEF Brands Inc. have entered into a Management Services Agreement (MSA), under which Glass House will oversee operations of The Leaf El Paseo dispensary in Palm Desert, California. ...
Pennsylvania Senate Committee Rejects Cannabis Legalization Bill
LOS ANGELES- In a recent development, the Pennsylvania Senate Law and Justice Committee voted 7-3 against House Bill 1200, a proposal aimed at legalizing adult-use cannabis in the state. This decision follows the bill's narrow ...
Virginia Officials Advocate for Automatic Sealing of Cannabis Possession Records
LOS ANGELES- Virginia state officials are advocating for legislative measures to automatically seal all criminal records related to simple cannabis possession without the necessity of court orders. The Virginia State Crime Commission (VSCC) has endorsed ...
Analysis: Pennsylvania’s Cannabis Industry: Current Growth and Future Projections
NEW YORK- The cannabis industry in Pennsylvania continues to evolve, with medical cannabis already generating over $1.5 billion in annual sales. Discussions about recreational legalization are intensifying, particularly as the state's budget deficit grows and ...
Arkansas Governor Proposes Funding Free School Meals with Medical Cannabis Tax Revenue
LOS ANGELES- Arkansas Governor Sarah Huckabee Sanders has announced plans to allocate tax revenue from medical cannabis sales to fund free school meals across the state. In her State of the State address, Governor Sanders ...
Vireo Growth Completes $81 Million Equity Offering
LOS ANGELES- Vireo Growth Inc., a Minneapolis-based cannabis multistate operator, has successfully concluded an oversubscribed private placement, raising approximately $81 million. Initially targeting $75 million, the company issued 129,536,874 subordinate voting shares at $0.625 per ...
Silo Pharma Initiates Safety Study for PTSD Drug SPC-15
LOS ANGELES- Silo Pharma Inc. a developmental-stage biopharmaceutical company, has commenced a 7-day safety and toxicology study for its lead candidate, SPC-15, an intranasal treatment targeting post-traumatic stress disorder (PTSD). The study is being conducted ...
Glass House Brands to Manage The Leaf El Paseo Dispensary
LOS ANGELES- Glass House Brands Inc. and LEEF Brands Inc. have entered into a Management Services Agreement (MSA), under which Glass House will oversee operations of The Leaf El Paseo dispensary in Palm Desert, California. ...
Pennsylvania Senate Committee Rejects Cannabis Legalization Bill
LOS ANGELES- In a recent development, the Pennsylvania Senate Law and Justice Committee voted 7-3 against House Bill 1200, a proposal aimed at legalizing adult-use cannabis in the state. This decision follows the bill's narrow ...
Medical Cannabis Producer GW Pharmaceuticals Sold For $7.2 Billion
DUBLIN, IRELAND – Ireland-based Jazz Pharmaceuticals said on Wednesday it would buy GW Pharmaceuticals in a $7.2 billion cash-and-stock deal to bolster its neuroscience business by adding cannabis-based epilepsy treatment. The neuroscience unit will spearhead Jazz’s ...
Senate Democrats Advance Plan For Federal Legalization Of Cannabis
WASHINGTON – Sens. Cory Booker (D-NJ), Ron Wyden (D-OR), and Chuck Schumer (D-NY) issued a combined news release yesterday saying they would work together to advance comprehensive cannabis reform legislation in the current Congress. “The ...
First Psychedelics ETF Begins Trading On Canada’s NEO Exchange
TORONTO – Horizons Psychedelic Stock Index ETF is now listed on Toronto’s NEO exchange as ‘PSYK.’ PSYK will be the first exchange traded fund providing exposure to the emerging industry of medicinal psychedelics. The ETF ...
Psilocybin Decriminalization Inches Forward At State Level
HONOLULU – With Oregon leading the way in the decriminalization of drugs, other states are following suit. A state bill to legalize psilocybin treatment was introduced in the Hawaii Senate last Friday. If approved, SB ...
Oregon Begins Treating Addiction As Public Health Crisis
PORTLAND – Oregon's new law Measure 110, passed last November decriminalized drugs in that state. Oregon reclassifies possession of small amounts of drugs (e.g. less than one gram of heroin, 40 units of LSD, or 12 ...
Opioid Deaths Decline When Cannabis Dispensaries Nearby
UNIVERSITY OF CALIFORNIA, DAVIS – Deaths from overdoses of opioids — a class of drugs that include heroin, prescription pain relievers such as oxycodone, and synthetic opioids such as fentanyl, have risen sharply in the ...
Papa & Barkley Hires Beauty Industry Leader As New CEO
EUREKA, Calif., – Papa & Barkley, a leading cannabis wellness products company in California, today announced various promotions and additions to its executive team. Evelyn Wang has joined the company as its new Chief Executive Officer. Zeeshan Hyder has joined ...
Tilray CEO Sees US Cannabis Prohibition Ending by 2023
TORONTO – Brendan Kennedy, CEO of Canadian cannabis company Tilray, is optimistic that the United States will take steps toward federal legalization of cannabis in the near future, in statements reported today on CNBC. "I ...
Gage Cannabis Closes $50 Million Reg A+ Financing, Seeks To Go Public In Q1 2021
DETROIT – Forbes has reported today that Gage Cannabis Co. a leading high-quality craft cannabis brand and operator in Michigan, have closed at $50M Reg A+ financing round. It previously secured a minimum investment of ...
COOKIES Launch ”CAPS” A Blend of Mushrooms, Cannabinoids, and Terpenes
SAN FRANCISCO – International cannabis lifestyle brand COOKIES gives consumers an all-new way to manage their health and wellness with the launch of a novel three-in-one capsule product line that combines mushrooms, cannabinoids and terpenes designed to ...
New U.S. Senate Leader Endorses Ending Cannabis Prohibition
WASHINGTON – The change in Senate leadership means the increased potential for a number of policy areas to be addressed, including cannabis policy reform. With Majority Leader Chuck Schumer (D-N.Y.) now the first head of the upper ...
New Mexico Moves Ahead With Recreational Cannabis Legalization Plan
SANTA FE – Gov. Michelle Lujan Grisham on Thursday announced her support for a measure to legalize recreational cannabis in New Mexico for adults aged 21 and older, an economic development driver that would create ...
MedMen Must Pay Ex-CFO At Least $500K In Legal Fees
LOS ANGELES – A California state court ordered cannabis retailer, MedMen, to pay its former CFO $500,000 reimbursement of legal fees amid his retaliatory firing suit, noting his contract covered attorney fees in any eventuality. ...
Hawaii Cannabis Tax Proposal Plugs Budget Shortfalls
HONOLULU – 15 states in the United States have already legalized cannabis for recreational use. With Hawaiian tourism revenues vanishing with COVID, it's no surprise some Hawaii lawmakers are considering legalizing recreational cannabis. Despite years ...
Harvest Health & Recreation Uses Sale And Leaseback To Fund Florida Expansion
PHOENIX – Harvest Health & Recreation Inc. (CSE: HARV), a vertically integrated cannabis company and multi-state operator in the U.S., today announced the closing of a sale leaseback transaction with Innovative Industrial Properties, Inc. ("IIP") ...
Social Equity Licensing Lawsuit Dropped In Massachusetts
BOSTON – A lawsuit filed by the Commonwealth Dispensary Association against the Cannabis Control Commission over new delivery regulations has been dropped. The CDA sued the CCC, arguing new regulations introducing a cannabis operator license ...
Brexit Stymies Medical Cannabis Patients in the U.K.
LONDON, U.K. – British mother Hannah Deacon's campaign to save her son Alfie life in 2017 led to a change in the law in the United Kingdom enabling cannabidiol medicine to be prescribed. This prescription ...
How to Distribute Wholesale CBD Oil
CBD and everything else hemp-related is only becoming more popular with time, and projections suggest that the domestic hemp market is about to explode into an unprecedented period of growth based on a variety of ...
History of CBD – How the Industry Came to Be
To understand something, you must understand where it came from. Every product within today’s consumer culture has a story, and the story of how cannabidiol ended up in medicine cabinets around the world is more ...
CBD For Anxiety
Cannabidiol (CBD) has become increasingly popular as an alternative treatment for a variety of ailments, from arthritis to autism. The non-psychoactive cannabinoid is also being used by some people as a way to alleviate anxiety ...
Cannabis and Pregnancy — What You Need To Know
Cannabis has been used medicinally throughout history for all different kinds of maladies, including many women’s health conditions. Ancient Egyptians made a paste made of cannabis leaves to put on sore breasts for women. In ...
Are You Getting The Most Out Of Your Hemp Crop?
It’s an exciting time to be in the hemp industry, as interest in CBD and other derivatives has reached a fever pitch. Now more than ever, as businesses in the space continue to develop, it’s ...
5 Uses For CBD You May Not Be Aware Of
Now that hemp is legal in all 50 states, there have been many developments in how the medicine is delivered. Consumers can still smoke marijuana, but they can also use vaporizers, edibles, sublingual sprays, capsules ...
5 Interesting Facts About the Endocannabinoid System
Cannabis has become a popular alternative treatment for several different illnesses and ailments. Cannabidiol (CBD), a non-psychoactive cannabinoid, in particular, is gaining attention for its plethora of health benefits. CBD does not get its users ...
Keegan Peterson, CEO of Cannabis Payroll Provider, Würk, Dies At 33
DENVER – Keegan Peterson, (pictured) CEO of Denver-based cannabis human-resources tech company Würk, has died. He was 33 years old. Peterson founded Würk in 2015, a payroll and HR-solutions company solely for cannabis businesses with ...
