Case Studies
The Senator Who Legalized Consumable Hemp Now Wants to Ban It
WASHINGTON, D.C.–Senator Mitch McConnell (R-KY), once hailed as the architect ...
Colorado Governor Jared Polis Issues Pardons for Psilocybin and Psilocin Convictions
LOS ANGELES-- the Psychedelic Science 2025 conference in Denver, Governor ...
Compass Pathways’ Psilocybin-Based Therapy Reaches Key Milestone in Depression Trial
LOS ANGELES- Compass Pathways has announced that its lead candidate, ...
Trump Administration Proposes Elimination of Federal Protections for State Medical Cannabis Programs
LOS ANGELES- The Trump administration's fiscal year 2026 budget proposal includes the removal of a longstanding provision that prohibits the Department of Justice (DOJ) from using federal funds to interfere with state-legal medical cannabis programs. ...
Psychedelic Drugs Market Projects Significant Growth Through 2029
LOS ANGELES- The global psychedelic drugs market is projected to experience substantial growth, with estimates indicating an increase from $6.39 billion in 2025 to $11.93 billion by 2029, reflecting a compound annual growth rate (CAGR) ...
Village Farms Completes Divestiture of Fresh Produce Business to Focus on Cannabis
LOS ANGELES- Village Farms International Inc. has finalized the transaction to privatize its fresh produce operations, marking a strategic shift to concentrate on its cannabis ventures. The deal, completed on May 30, 2025, involves the ...
Analysis: Germany Legalized Cannabis. Now the Real Work Begins.
BERLIN-On April 1, 2024, Germany made history by legalizing adult-use cannabis. But legalization was only the first step. More than a year later, the rollout has exposed the complexities of implementing cannabis reform in a ...
Silo Pharma’s SP-26 Ketamine Implant Meets All Endpoints in Preclinical Fibromyalgia Study
LOS ANGELES- Silo Pharma Inc. a developmental-stage biopharmaceutical company, announced that its investigational ketamine implant, SP-26, met all primary endpoints in a preclinical study targeting fibromyalgia. The study, conducted in minipigs, assessed the implant's safety, ...
Tilray Medical Introduces Good Supply Cannabis Brand to German Market
LOS ANGELES- Tilray Medical, a division of Tilray Brands Inc has launched its Canadian cannabis brand, Good Supply, in Germany. This expansion aims to provide German medical cannabis patients with access to a range of ...
MariMed Reports Q1 2025 Financial Results
LOS ANGELES- MariMed Inc. a multi-state cannabis operator, reported its financial results for the first quarter ended March 31, 2025. Financial Overview Revenue: $38.0 million, a slight increase from $37.9 million in Q1 2024. Gross ...
Trump Administration Proposes Elimination of Federal Protections for State Medical Cannabis Programs
LOS ANGELES- The Trump administration's fiscal year 2026 budget proposal includes the removal of a longstanding provision that prohibits the Department of Justice (DOJ) from using federal funds to interfere with state-legal medical cannabis programs. ...
Psychedelic Drugs Market Projects Significant Growth Through 2029
LOS ANGELES- The global psychedelic drugs market is projected to experience substantial growth, with estimates indicating an increase from $6.39 billion in 2025 to $11.93 billion by 2029, reflecting a compound annual growth rate (CAGR) ...
Village Farms Completes Divestiture of Fresh Produce Business to Focus on Cannabis
LOS ANGELES- Village Farms International Inc. has finalized the transaction to privatize its fresh produce operations, marking a strategic shift to concentrate on its cannabis ventures. The deal, completed on May 30, 2025, involves the ...
Rhode Island Launches Free Cannabis Industry Training Program
LOS ANGELES- The Rhode Island Department of Labor, in collaboration with the Community College of Rhode Island (CCRI), will offer a free cannabis training program to a select group of students. This initiative aims to ...
California Reinvests Cannabis Tax Revenue to Support Communities
LOS ANGELES- The California Community Reinvestment Grants (CalCRG) Program has announced over $45 million in grants for Fiscal Year 2023-24, aiming to uplift communities impacted by the War on Drugs. This initiative represents a significant ...
South Dakota Adult-Use Cannabis Initiative to Appear on 2024 Ballot
NEW YORK- South Dakota voters will have another opportunity to decide on the legalization of adult-use cannabis. Initiated Measure 29, which aims to legalize the recreational use, possession, and distribution of cannabis, will be on ...
Canopy Growth to Fully Acquire Acreage Holdings in Strategic Expansion
LOS ANGELES- Canadian cannabis company Canopy Growth has agreed to acquire all issued and outstanding Class E shares of Acreage Holdings, a U.S.-based multistate cannabis operator. This acquisition is part of Canopy's broader strategy to ...
Vermont Medical Cannabis Patient Appeals Denial of Unemployment Benefits to State Supreme Court
LOS ANGELES- A Vermont man is appealing the denial of a portion of his unemployment benefits to the state Supreme Court after being terminated from his job for using medical cannabis. Ivo Skoric, 59, who ...
House Approves Amendments to Authorize Medical Cannabis Recommendations for Veterans and Support Psychedelics Research
LOS ANGELES- The U.S. House of Representatives has approved amendments to a significant spending bill, enabling Department of Veterans Affairs (VA) doctors to issue medical cannabis recommendations to military veterans and support research into psychedelics. ...
DEA Proposal to Reclassify Cannabis Generates Strong Public Response
LOS ANGELES- Following the submission of a proposal by the Drug Enforcement Administration (DEA) on May 21, a 60-day public comment period was initiated, set to conclude on July 22. In the first 15 days, ...
Beckley Psytech Launches Study on Neurophysiological Effects of Synthetic 5-MeO-DMT
LOS ANGELES- Beckley Psytech, a private psychedelics medicine company, announced on Monday the commencement of a new research study investigating the neurophysiological effects of BPL-003, its novel synthetic intranasal formulation of 5-MeO-DMT, on the human ...
CannMed24 Event Review: 12 Things You Missed at CannMed 24
NEW YORK-CannMed 24 has set a new benchmark in the cannabis industry, offering unparalleled insights, networking opportunities, and a unique experience. Here are a dozen highlights certain to stir up a whole bunch of FOMO ...
Filament Health Receives Authorization for Phase 2 Clinical Trial of Psilocybin for MAUD Treatment
LOS ANGELES- Filament Health, a psychedelic drug development company, has received authorization from Health Canada and the United States Food and Drug Administration (FDA) to conduct a Phase 2 clinical trial of its botanical psilocybin ...
Japan to Accept Public Comments on Cannabis Reform Bill
WORLD- The Japanese government announced on May 30 that it will begin accepting public comments on its cannabis reform bill, which includes potential measures to loosen restrictions on processing CBD in food products. This move ...
Few Pardons Issued for Cannabis Crimes in Canada Since 2019 Reforms
LOS ANGELES- Despite the federal government’s estimate that 10,000 Canadians would be eligible for conviction relief following the legalization of cannabis in 2018, only 845 pardons have been granted since 2019. Data from the Parole ...
South Africa Legalizes Cannabis for Personal Use
LOS ANGELES- South Africa has become the first country in Africa to legalize cannabis for personal use. The Cannabis for Private Purposes Act was signed into law by President Cyril Ramaphosa on May 28, just ...
Red Light Holland Completes Initial Phase of Psilocybin Extraction
LOS ANGELES- Red Light Holland Corp. a company specializing in the production and sale of functional mushrooms and psilocybin truffles, announced the successful completion of the first phase of psilocybin extraction. This milestone was achieved ...
Optimi Health to Export MDMA and Psilocybin Capsules to Australia
LOS ANGELES- a Health Canada licensed GMP psychedelics pharmaceutical manufacturer, announced it has received an import permit from Mind Medicine Australia (MMA) to supply its GMP MDMA and psilocybin capsules to approved psychiatrists under Australia’s ...
DeSantis Expected to Veto Hemp Bill Limiting THC Levels
LOS ANGELES- Florida Governor Ron DeSantis is anticipated to veto Senate Bill 1698, which aims to restrict the sale of hemp-derived products containing delta-8 THC, delta-9 THC, and delta-10 THC. The bill has faced significant ...
FDA Advisory Panel to Review MDMA for PTSD Treatment
LOS ANGELES- Earlier today, staff from the U.S. Food and Drug Administration (FDA) expressed concerns regarding the interpretation of data from trials on the psychedelic drug MDMA for treating post-traumatic stress disorder (PTSD). These concerns ...
10th Annual CWCBExpo Returns to New York, June 5 & 6 with Expanded Show Experiences, Education, and Networking Opportunities
NEW YORK—The leading East Coast cannabis conference and trade show, CWCBExpo, returns to the Javits Convention Center, June 5-6, 2024 with immersive exhibit floor experiences, top education as well as plenty of business building opportunities ...
Cansortium and RIV Capital to Merge, Expanding Cannabis Footprint Across Four States
LOS ANGELES- Cansortium, a Florida-based vertically integrated cannabis operator, is set to merge with RIV Capital, operator of the Etain Health cannabis brand in New York. Under the merger terms, Cansortium will acquire all issued ...
Missouri Allocates $19 Million in Cannabis Tax Revenue to Veterans, Treatment Programs, and Public Defense
LOS ANGELES- Missouri's cannabis tax revenue has generated over $19 million, which has been allocated to support military veterans, expand substance use treatment programs, and fund the state's Public Defenders System, according to the Missouri ...
Numinus Wellness Inc. Selected for Cybin’s Phase 3 Trial on Depression Treatment
NEW YORK- Numinus Wellness Inc. announced that its research site, Cedar Clinical Research (CCR), has been chosen for Cybin's Phase 3 clinical trial of CYB003, aimed at treating Major Depressive Disorder (MDD). This selection highlights ...
Canopy Growth Reports Q4 and Fiscal Year 2024 Financial Results
LOS ANGELES- Canopy Growth Corp. announced its financial results for the fourth quarter and fiscal year ending March 31, 2024, indicating progress in alleviating financial pressures faced in 2023. Q4 and Full-Year Financial Performance In ...
Scotts Miracle-Gro’s RIV Capital to Merge with Cansortium in Cannabis Tie-Up
MIAMI- In a strategic move to consolidate and strengthen their positions in the cannabis industry, Florida-based Cansortium Inc. has announced an all-stock merger with RIV Capital Inc., a company backed by Scotts Miracle-Gro Co. The merger ...
Study Finds Cannabis Sativa Oil Enhances Social Interaction via Oxytocin Pathway
NEW YORK- A study titled "Cannabis Sativa Oil Promotes Social Interaction and Ultrasonic Communication by Acting on Oxytocin Pathway" has been published in the journal Cannabis and Cannabinoid Research, and made available online by the ...
Tennessee Hemp Seizure Raises Questions About Drug Law Enforcement
NEW YORK- A recent legal dispute has highlighted significant issues in the enforcement of drug laws, centering on the seizure of over $1 million worth of legal hemp products. This incident has sparked a debate ...
