Case Studies
Spain Cabinet Greenlights Medical Cannabis Framework
MADRID – Spain's Council of Ministers on Tuesday approved a ...
Michigan Cannabis Trade Group Challenges New 24% Wholesale Tax in Court
LANSING – Yesterday, hours after Gov. Gretchen Whitmer put her ...
Highly Capitalized Network Launches “Battle of the Brands” — A New Show Redefining Cannabis Marketing Conversations
LOS ANGELES— Highly Capitalized Network (HCN), a leading business and financial media platform for Cannabis, today announced the launch of its newest original series: Battle of the Brands. This new podcast series brings together some ...
Curaleaf Gains Entry to S&P/TSX Composite Index, Today Officially
TORONTO – Today, Curaleaf Holdings Inc. officially joined the S&P/TSX Composite Index, becoming the first U.S.-based Cannabis company to achieve this status. The addition, effective before the market open and following a two-week set period, ...
Cannabis Market Faces Inevitable Wave of Consolidations to Keep the Pace of Dynamics
LOS ANGELES – Viridian Capital Advisors' Chart of the Week painted a picture of a highly fragmented U.S. Cannabis industry, where the top five multi-state operators (MSOs) generated about $4.8 billion in revenue, equating to ...
Maryland Collects $18.4M in Cannabis Tax Revenue for April-June Quarter
ANNAPOLIS – The Maryland Comptroller's Office issued a quarterly report showing the state gathered more than $18.4 million in sales tax from adult-use Cannabis between April and June 2025, a period that saw the Central ...
Delta-8 THC Consumption Peaks in States Lacking Adult-Use Cannabis Access, Study Finds
SAN DIEGO – A new study conducted by researchers at the University of California San Diego reveals that adults, residing in states where recreational Cannabis remains illegal, are almost twice as likely to use delta-8 ...
NORML Calls for MORE Act Support to Transform Federal Cannabis Policy
LOS ANGELES – On August 29, a group of Democratic lawmakers reintroduced the Marijuana Opportunity Reinvestment and Expungement (MORE) Act (H.R. 5068). The legislation seeks to remove (deschedule) Cannabis entirely from the Controlled Substances Act ...
SHF Holdings Introduces Banking Solution for Cannabis Businesses and Financial Institutions
DENVER – SHF Holdings, Inc. operating as Safe Harbor Financial, has launched a new Fully Managed Cannabis Banking Program, designed to streamline financial services for banks and credit unions serving the regulated Cannabis industry. Announced ...
Highly Capitalized Network Launches “Battle of the Brands” — A New Show Redefining Cannabis Marketing Conversations
LOS ANGELES— Highly Capitalized Network (HCN), a leading business and financial media platform for Cannabis, today announced the launch of its newest original series: Battle of the Brands. This new podcast series brings together some ...
Curaleaf Gains Entry to S&P/TSX Composite Index, Today Officially
TORONTO – Today, Curaleaf Holdings Inc. officially joined the S&P/TSX Composite Index, becoming the first U.S.-based Cannabis company to achieve this status. The addition, effective before the market open and following a two-week set period, ...
Cannabis Market Faces Inevitable Wave of Consolidations to Keep the Pace of Dynamics
LOS ANGELES – Viridian Capital Advisors' Chart of the Week painted a picture of a highly fragmented U.S. Cannabis industry, where the top five multi-state operators (MSOs) generated about $4.8 billion in revenue, equating to ...
Global Developments in Cannabis Legalization in 2023
LOS ANGELES- In 2023, several countries made significant strides in cannabis legalization, reflecting a global shift in drug policy. Germany's Legislative Progress Germany advanced toward legalizing cannabis for adult use, aiming to become the European ...
RIV Capital’s Revenue Doubles Amid New York Cannabis Market Expansion
LOS ANGELES- RIV Capital Inc. reported a significant increase in net revenue for the third quarter ending September 30, 2024, achieving $4.9 million—a 28% rise from the previous quarter and a 186% surge compared to ...
Cannabis Industry Faces Rising Threat of Ransomware Attacks
LOS ANGELES- The cannabis industry is increasingly becoming a target for ransomware attacks, with the Everest Ransomware group recently focusing on this sector. In November 2024, two cannabis operators were listed as victims on Everest's ...
Michigan Transfers Hemp Regulation to USDA
LOS ANGELES- Michigan has concluded its state-managed industrial hemp program, transitioning regulatory oversight to the U.S. Department of Agriculture (USDA) effective January 1, 2025. This shift, prompted by the enactment of House Bill 5977, dissolves ...
Psychedelic Drugs Market Poised for Growth: From $0.7B in 2022 to $2.6B by 2032
The global psychedelic drugs market is projected to expand from $0.7 billion in 2022 to $2.6 billion by 2032, reflecting a compound annual growth rate (CAGR) of 13.4%.According to Allied Market Research This growth is ...
Oklahoma to Launch State-Run Cannabis Testing Lab for Industry Oversight by February 2025
LOS ANGELES- Oklahoma is preparing to launch a state-operated cannabis testing laboratory in February 2025, aiming to enhance the accuracy and reliability of product assessments within the state's medical cannabis industry. This initiative addresses longstanding ...
Climate First Bank Introduces Cannabis-Focused Financial Services in Florida
LOS ANGELES- Climate First Bank, headquartered in Orlando, Florida, has introduced specialized banking services tailored for the cannabis industry. This initiative aims to address the financial challenges faced by cannabis businesses, particularly in accessing traditional ...
Florida’s Cannabis Legalization Measure Fails Despite Majority Support
LOS ANGELES- In the recent election, Florida's Amendment 3, which proposed the legalization of recreational cannabis for adults aged 21 and over, received 56% voter support. However, it fell short of the 60% supermajority required ...
DEA Postpones Cannabis Rescheduling Hearings to 2025
LOS ANGELES-The U.S. Drug Enforcement Administration (DEA) has postponed its hearings on the proposed rescheduling of cannabis under the Controlled Substances Act (CSA) to early 2025. The delay follows a preliminary order from Chief Administrative ...
The Vegas Classic: A Premier B2B Networking Event in Partnership with MJBiz
LAS VEGAS- As the cannabis industry continues to evolve and expand, networking, collaboration, and innovative partnerships are more critical than ever. That’s why we’re incredibly excited to introduce The Vegas Classic, an exclusive B2B networking ...
Ohio Legislature Considers Ban on Intoxicating Hemp Products
LOS ANGELES- Ohio lawmakers are evaluating Senate Bill 326, introduced by State Senator Steve Huffman (R-Tipp City), which aims to prohibit the sale of intoxicating hemp products. The proposed legislation defines such products as those ...
Breadstack: Is This The Winning Formula for Cannabis eCommerce?
LOS ANGELES—As a founding member of the Cannabis Open Standards Technology Alliance (COSTA), Breadstack has firmly established itself as a trailblazer in cannabis e-commerce. Based in Canada, the company has risen to meet the unique ...
HYTN Innovations Secures UK Import Permits and Initial Order from 4C Labs
LOS ANGELES- HYTN Innovations Inc., a pharmaceutical company specializing in psychoactive and psychotropic compounds, including cannabis and psilocybin, has received initial orders and import permits from the United Kingdom's 4C Labs. This development enables HYTN ...
A LIFE IN A DAY: Riel Roussopoulos: Head of Marketing: Breadstack
Riel Roussopoulos is a Canadian marketer and technologist with extensive experience driving growth in a variety of industries, including e-commerce, entertainment, real estate, fitness, and cannabis. He leverages his expertise in SEO, video production, copywriting, ...
Federal Policy Uncertainty Continues to Challenge U.S. Cannabis Industry
LOS ANGELES- The U.S. cannabis industry remains in a state of flux due to ongoing federal policy uncertainties, impacting market dynamics, investment strategies, and regulatory compliance. In August 2024, the U.S. Drug Enforcement Administration (DEA) ...
New York’s Legal Cannabis Sales Approach $1 Billion Milestone
LOS ANGELES- New York State's legal cannabis market is on track to surpass $1 billion in sales by the end of December 2024, marking a significant achievement since the market's inception two years ago. As ...
Green Thumb Industries Secures $150 Million Credit Facility to Retire Existing Debt
LOS ANGELES- Green Thumb Industries Inc. (GTI), a national cannabis consumer packaged goods company and owner of RISE Dispensaries, has closed a $150 million five-year syndicated credit facility led by Valley National Bank. The company ...
LeafLink Acquires Leaf Trade to Enhance Cannabis Wholesale Platform
LOS ANGELES- LeafLink, a cannabis wholesale platform, has acquired Leaf Trade, a wholesale marketplace serving multi-state operators (MSOs) and enterprise cannabis companies. This strategic move aims to streamline operations for cannabis businesses of varying scales. ...
Canopy Growth Appoints New CEO Amid Financial Challenges
LOS ANGELES- Canopy Growth Corp., a cannabis industry, has announced the appointment of Luc Mongeau as its new Chief Executive Officer, effective January 6. Mongeau succeeds David Klein in this leadership role. With over 25 ...
Nebraska Judge Upholds Voter-Approved Medical Cannabis Initiatives
LOS ANGELES- A Nebraska district court has affirmed the validity of two voter-approved measures concerning medical cannabis, dismissing allegations of fraudulent signature collection. The legal challenge aimed to invalidate Measures 437 and 438, which were ...
Germany’s Cannabis Legislation Faces Criticism
LOS ANGELES- Germany's recent legalization of cannabis has encountered significant criticism from various stakeholders, highlighting challenges in its implementation and effectiveness. Criticism from Berlin's Justice Senator Felor Badenberg, Berlin's Justice Senator, has expressed concerns that ...
Cannara Biotech Reports Record Growth in Fiscal 2024
LOS ANGELES- Montreal-based Cannara Biotech Inc a vertically integrated cannabis producer, announced record-breaking financial results for its fiscal year ended August 31, 2024. The company reported total annual revenues of $82.2 million, a 43% increase ...
Texas Attorney General Challenges Dallas Cannabis Decriminalization Measure
LOS ANGELES- Texas Attorney General Ken Paxton has initiated legal action against the City of Dallas following the adoption of Proposition R, a voter-approved measure aimed at decriminalizing the possession of up to four ounces ...
Tennessee Lawmakers Implement Hemp Product Ban
LOS ANGELES- In November 2024, numerous licensed cannabis dispensaries in the Los Angeles area received notices from the California Department of Tax and Fee Administration (CDTFA) indicating a shift in their tax payment schedules from ...
Senate Farm Bill Draft Proposes Redefinition of Hemp
LOS ANGELES- The U.S. Senate Agriculture Committee has released a draft of the 2024 Farm Bill, introducing significant changes to the federal definition of hemp. The proposed legislation aims to address concerns over intoxicating hemp-derived ...
