Case Studies
Young Japanese Are Turning to Cannabis at Record Rates
TOKYO – The numbers released by Japan's National Police Agency ...
Rubicon Organics Reports Q1 2026 Financial Results
VANCOUVER – Rubicon Organics Inc. delivered its first-quarter report, revealing ...
BREAKING: Colorado Passes Landmark Ibogaine Research Bill, Expanding the State’s Natural Medicine Framework
DENVER- Colorado has taken another major step in the evolution ...
BREAKING: DOJ Signs Cannabis into Schedule III
WASHINGTON – Today, the federal government took its most consequential step on Cannabis policy in decades, as Acting Attorney General Todd Blanche formally signed an order moving state-licensed medical Cannabis from Schedule I to Schedule ...
Safe Harbor Targets Retirement Gap in Cannabis Workforce
DENVER – Safe Harbor Financial is extending its reach deeper into workforce benefits, introducing a pooled employer 401(k) plan designed for Cannabis operators that have long struggled to access conventional retirement services. The new offering, ...
AtaiBeckley Reports Expanded Phase 2a Data for EMP-01 in Social Anxiety Disorder
NEW YORK – AtaiBeckley Inc., the clinical-stage biopharmaceutical firm born from the November merger of atai Life Sciences and Beckley Psytech, released additional results from its exploratory Phase 2a trial of EMP-01, an oral formulation ...
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 ...
3WIN Corp Acquires Alchemist Filling Machines
TEMPE - 3WIN Corp., a distributor of CCELL vape hardware and a provider of services to the Cannabis industry, announced it has acquired Alchemist Filling Machines, an Arizona company known for its patent-protected equipment used ...
High Tide Subsidiary Targets Supplier Role in Medicare CBD Pilot
CALGARY – High Tide Inc. has announced that its U.S.-based CBD subsidiary, NuLeaf Naturals, started negotiations with healthcare institutions to supply products for a new federal pilot program that lets certain Medicare beneficiaries receive up ...
Missouri Senate Approves Bill to Ban Intoxicating Hemp Products
JEFFERSON CITY – The Missouri Senate approved the legislation, clearing a measure that would bar the sale of most intoxicating hemp-derived products outside the state’s licensed Cannabis dispensaries. House Bill 2641, known as the Intoxicating ...
BREAKING: DOJ Signs Cannabis into Schedule III
WASHINGTON – Today, the federal government took its most consequential step on Cannabis policy in decades, as Acting Attorney General Todd Blanche formally signed an order moving state-licensed medical Cannabis from Schedule I to Schedule ...
Safe Harbor Targets Retirement Gap in Cannabis Workforce
DENVER – Safe Harbor Financial is extending its reach deeper into workforce benefits, introducing a pooled employer 401(k) plan designed for Cannabis operators that have long struggled to access conventional retirement services. The new offering, ...
AtaiBeckley Reports Expanded Phase 2a Data for EMP-01 in Social Anxiety Disorder
NEW YORK – AtaiBeckley Inc., the clinical-stage biopharmaceutical firm born from the November merger of atai Life Sciences and Beckley Psytech, released additional results from its exploratory Phase 2a trial of EMP-01, an oral formulation ...
Calgary Considers Permitting Cannabis Sales at Adult-Only Events
LOS ANGELES- Calgary city officials are evaluating a proposal to permit the sale of cannabis at adult-only events. Councillor Kourtney Penner has introduced a motion requesting city administration to draft bylaw and business license amendments ...
Aurora Cannabis Reports Record Revenue Driven by International Medical Sales
LOS ANGELES- Aurora Cannabis Inc. has announced a significant increase in revenue for its fiscal third quarter, primarily due to substantial growth in international medical cannabis sales. The company's total net revenue reached C$88.2 million, ...
Arkansas Senate Advances Bill to Fund Free School Breakfasts Using Medical Cannabis Revenue
LOS ANGELES- The Arkansas Senate has approved a bill to allocate revenue from medical cannabis taxes to fund free breakfasts for students statewide. The legislation, designated as SB 59, proposes supplementing federal meal programs with ...
New York’s Cannabis Regulatory Body Introduces Banking Directory
LOS ANGELES- The New York Office of Cannabis Management (OCM) has launched a Cannabis Banking Directory to assist licensed cannabis businesses in identifying financial institutions willing to provide banking services. This initiative aims to mitigate ...
Tennessee Lawmakers Introduce Bills to Legalize Recreational and Medical Cannabis
LOS ANGELES- Tennessee legislators have introduced two separate bills aimed at legalizing both recreational and medical cannabis use within the state. Recreational Use Legislation: Senate Bill 0809, known as the Tennessee Cannabis Act, was introduced ...
Awakn Life Sciences Advances Therapeutics for Substance Use and Mental Health Disorders
LOS ANGELES- Awakn Life Sciences Corp. a biotechnology company, has reported progress in its research and development programs targeting Alcohol Use Disorder (AUD) and Post-Traumatic Stress Disorder (PTSD). AWKN-001: This investigational therapy combines intravenous ketamine ...
Cannabis Brands Leverage for Marketing Amid Advertising Restrictions
LOS ANGELES- The Super Bowl presents a significant opportunity for cannabis businesses to enhance brand and product awareness, despite existing advertising limitations. While traditional advertising channels during the Super Bowl remain inaccessible to cannabis companies ...
Aurora Cannabis Reports Record-Breaking Q3 2025 Financial Results
LOS ANGELES- Aurora Cannabis Inc. announced its fiscal third-quarter 2025 results, highlighting significant growth in revenue and profitability. Financial Highlights: Net Revenue: The company reported net revenue of C$88.2 million for the quarter ending December ...
Enveric Biosciences Executes Reverse Stock Split and Announces Patent Milestone
LOS ANGELES- Enveric Biosciences, Inc. recently implemented a 1-for-15 reverse stock split, effective January 29, 2025, to comply with Nasdaq's minimum bid price requirement. Following the split, the company conducted a public offering, raising $5 ...
Kentucky Issues Initial Medical Cannabis Patient Identification Cards
LOS ANGELES- Kentucky commenced the distribution of its first medical cannabis patient identification cards. Governor Andy Beshear awarded the inaugural cards to Dr. Ryan Grell, an anesthesiologist and owner of the Kentucky Medical Marijuana Center, ...
Paraguay Considers Legalizing Recreational Cannabis
LOS ANGELES- Paraguay is evaluating the legalization of recreational cannabis, with the Senate scheduled to vote on a proposal in March 2025. The initiative aims to permit the sale of cannabis in regulated dispensaries, under ...
Prospects of Executive Action on Cannabis Under the Trump Administration
LOS ANGELES- As of early February 2025, there is no indication that President Donald Trump plans to sign an executive order directly impacting the cannabis industry. While President Trump has previously expressed support for reclassifying ...
Frontier Risk Group Secures $3 Million in Seed+ Funding
LOS ANGELES- Frontier Risk Group, a company specializing in insurance solutions for the cannabis industry, has announced the successful completion of a $3 million Seed+ funding round. This round was led by Casa Verde, a ...
Nanotechnology-Enhanced CBD Demonstrates Neuroprotective Effects in Retinal Study
LOS ANGELES- A study published in the European Journal of Pharmacology investigated the neuroprotective properties of cannabidiol (CBD) delivered via nanotechnology in an animal model of retinal excitotoxicity. Researchers from the University of Catania, University ...
Texas Lieutenant Governor Prioritizes THC Ban in 2025 Legislative Agenda
LOS ANGELES- Lieutenant Governor Dan Patrick has designated the prohibition of all consumable tetrahydrocannabinol (THC) products as a primary objective for Texas' 2025 legislative session. Senate Bill 3, introduced on January 29, 2025, aims to ...
Maine Proposes Mandatory Testing for Medical Cannabis
LOS ANGELES- A new bill introduced in the Maine Legislature seeks to implement mandatory testing for medical cannabis products, aligning them with the state's existing standards for recreational cannabis. Sponsored by Representative Marc Malon and ...
What You Need to Know About Mergers, Acquisitions, and Consolidation
LOS ANGELES—Every CFO needs to know that navigating mergers, acquisitions, and consolidation in cannabis and psychedelics industries requires a deep understanding of business valuation complexities and strategic deal-making. Effective M&A strategies are crucial to driving ...
A Celebration of Cannabis Culture and Commerce: Hall of Flowers Returns to Ventura
LOS ANGELES-Hall of Flowers, one of America’s premier cannabis trade shows, founded in 2018, is poised to make a grand return to the Ventura County Fairgrounds on March 19-20, 2025. This event has become a ...
What You Need to Know About Capital Investment Strategies
LOS ANGELES—Every CFO needs to know that strategic capital investment in the cannabis and psychedelic industries requires a nuanced approach that balances innovation, risk management, and potential. As the market continues to transform and unfold, ...
Indiana House Blocks Cannabis Reclassification
LOS ANGELES- On January 27, 2025, the Indiana House of Representatives voted down an amendment to House Bill 1056 that sought to remove cannabis from the state's list of Schedule I controlled substances. The amendment, ...
Rastafarians Lead Caribbean Cannabis Boom
LOS ANGELES- In recent years, St. Vincent and the Grenadines (SVG) has witnessed a transformative shift in its cannabis industry, particularly benefiting Rastafarian farmers who have long regarded the plant as sacred. Historically, these cultivators ...
Florida’s Cannabis Market Sees Shift as Smaller Operators Capture Market Share
LOS ANGELES- In Florida's evolving medical cannabis landscape, smaller operators are making significant inroads, challenging the dominance of established multi-state operators (MSOs). Despite the state's stringent vertical integration requirements—which mandate that Medical Marijuana Treatment Centers ...
Hawaii Lawmakers Renew Push to Legalize Adult-Use Cannabis with Constitutional Amendment Proposal
LOS ANGELES- Hawaii lawmakers introduced House Bill 519, proposing a constitutional amendment to legalize recreational cannabis for adults aged 21 and over. The bill seeks to amend Article IX of the Hawaii State Constitution, allowing ...
Tacoma City Council Decriminalizes Natural Psychedelics
LOS ANGELES- The Tacoma City Council in Washington State unanimously approved a resolution to decriminalize natural psychedelics, including substances containing tryptamines, phenethylamines, and indolamines. This legislative action designates the enforcement of laws against these entheogenic ...
Rhode Island Proposes Psilocybin Legalization and State-Regulated Therapy Program Pending Federal Rescheduling
LOS ANGELES- In January 2025, Rhode Island lawmakers introduced House Bill 5186, aiming to legalize psilocybin possession and cultivation for personal use. The bill proposes that individuals be allowed to cultivate psilocybin within their residences ...
