Case Studies
New York Senate Health Committee Advances Bill for Out-of-State Medical Cannabis Access
ALBANY – The New York State Senate Health Committee approved ...
Ohio AG Sues Nine Cannabis MSOs for Anti-Competitive Conduct
COLUMBUS - Ohio Attorney General Dave Yost has filed an antitrust lawsuit against nine major multistate Cannabis operators, accusing them of coordinated anti-competitive practices that limit product variety and sustain higher prices in the state's ...
Cannabist Closes $130M Sale of Virginia Assets
CHELMSFORD – The Cannabist Co. Holdings Inc. completed the sale of its Virginia Cannabis business to an affiliate of Millstreet Credit Fund LP, generating total consideration of $130 million. The deal involves the transfer of ...
Canopy Growth Reports Q3 Fiscal 2026 Financial Results
SMITHS FALLS, ON – Canopy Growth Corp. reported its financial results for the third quarter of fiscal 2026, ended December 31, 2025, showing progress in cost control and Canadian operations despite flat overall revenue. Consolidated ...
Bipartisan Bill Aims to Push Back Hemp Ban for Two Years
WASHINGTON – A group of lawmakers from both parties filed legislation seeking to push back a forthcoming federal prohibition on certain hemp-derived products until late 2028, offering the industry a brief reprieve to adjust operations. ...
U.S. Legal Cannabis Sales Hit $2.3B in December, Lifting 2025 Total to $27B
LOS ANGELES – Legal Cannabis sales across the United States reached $2.3 billion in December, pushing the full-year figure for 2025 to $27 billion. The month’s tally edged out November’s $2.2 billion and aligned closely ...
California DCC Grants $1.8M to UC Berkeley and Glass House Brands for Cannabis Yield Study
LONG BEACH – State regulators have awarded $1.8 million to a partnership between the University of California Berkeley and Glass House Brands to study variations in Cannabis crop yields across cultivation methods, a move that ...
MindMed Rebrands as Definium Therapeutics, Targets 2026 Trials for LSD-Based Treatments
NEW YORK – Mind Medicine (MindMed) Inc., a developer of treatments derived from psychedelics for mental health conditions, has changed its name to Definium Therapeutics Inc., a move that underscores its push into late-stage testing ...
Ohio AG Sues Nine Cannabis MSOs for Anti-Competitive Conduct
COLUMBUS - Ohio Attorney General Dave Yost has filed an antitrust lawsuit against nine major multistate Cannabis operators, accusing them of coordinated anti-competitive practices that limit product variety and sustain higher prices in the state's ...
Cannabist Closes $130M Sale of Virginia Assets
CHELMSFORD – The Cannabist Co. Holdings Inc. completed the sale of its Virginia Cannabis business to an affiliate of Millstreet Credit Fund LP, generating total consideration of $130 million. The deal involves the transfer of ...
Canopy Growth Reports Q3 Fiscal 2026 Financial Results
SMITHS FALLS, ON – Canopy Growth Corp. reported its financial results for the third quarter of fiscal 2026, ended December 31, 2025, showing progress in cost control and Canadian operations despite flat overall revenue. Consolidated ...
New Hampshire Senate Blocks Cannabis Greenhouse Bill Despite Overwhelming House Support
LOS ANGELES- New Hampshire lawmakers have failed to override Governor Chris Sununu’s veto of a bill that would have allowed medical cannabis producers to cultivate cannabis in greenhouses. The House of Representatives had voted overwhelmingly, ...
Czech Senate Approves Regulation of Kratom and HHC Sales
LOS ANGELES- The Czech Senate has approved new legislation regulating the sale of kratom and hexahydrocannabinol (HHC), a move aimed at safeguarding public health, especially for minors. These changes follow a high-profile incident in January ...
Nebraska Officials Scrutinize Medical Cannabis Petition Signatures
LOS ANGELES- Nebraska state officials are questioning the validity of signatures supporting two medical cannabis ballot initiatives, sparking a legal battle over whether the measures should remain on the upcoming November ballot. Secretary of State ...
Tilray Reports 13% Decline in Cannabis Revenue for Q1 FY25
LOS ANGELES- Tilray Brands, a lifestyle and consumer packaged goods company, announced a 13% decline in its cannabis revenue for the first quarter of fiscal year 2025, ending August 31, 2024. Despite overall growth in ...
Arkansas Supreme Court Cannabis Ballot Case Advances as Two Justices Recuse Themselves
LOS ANGELES- Two Arkansas Supreme Court justices have recused themselves from a key case involving a cannabis ballot measure, without providing any explanation for their decisions. Chief Justice John Kemp and Associate Justice Courtney Hudson ...
Delaware Receives Over 1,200 Cannabis Business License Applications Ahead of Market Launch
LOS ANGELES- Delaware officials have received 1,269 applications for cannabis business licenses, significantly surpassing expectations, as the state prepares to launch its adult-use cannabis market. The Office of the Marijuana Commissioner (OMC) opened the application ...
Missouri Health Department Requests $877K to Enforce Hemp Product Ban
LOS ANGELES- The Missouri Department of Health and Senior Services (DHSS) has requested $877,000 to fund the enforcement of Gov. Mike Parson’s ban on intoxicating hemp products. The request is part of a preliminary budget ...
Opinion: The Spectacular Fall From Grace of California Cannabis
LOS ANGELES-California cannabis’ fall from grace has been nothing short of spectacular. High taxes and fees, local bans, contaminated products making it to market, and misdemeanor penalties for commercial-scale unlicensed grows have hurt the regulated ...
New Jersey Senate Committee Advances Therapeutic Psilocybin Bill
LOS ANGELES- The New Jersey Senate Budget and Appropriations Committee has approved Senate Bill 2283, advancing legislation to legalize the therapeutic use of psilocybin for medical purposes. The bill, sponsored by Senate President Nick Scutari ...
Trulieve Files Defamation Lawsuit Against Florida GOP Over Cannabis Legalization Ads
LOS ANGELES- Trulieve, Florida's largest medical cannabis operator, filed a defamation lawsuit against the Republican Party of Florida on Wednesday, accusing the party of spreading misleading advertisements about Amendment 3. The amendment, which will appear ...
StateHouse Goes Into Receivership With $100 mm In Debt
LOS ANGELES- Pelorus Fund REIT has filed a request with a California court to place StateHouse Holdings, a vertically integrated cannabis operator, into receivership following the company’s default on four loans. Pelorus, a private mortgage ...
Arkansas Supreme Court Orders Continuation of Signature Count for Cannabis Expansion Ballot Initiative
LOS ANGELES- The Arkansas Supreme Court has ordered Secretary of State John Thurston to continue counting approximately 18,000 signatures for a proposed medical cannabis expansion initiative, despite his earlier decision to invalidate them due to ...
MAPS Wins FDA Approval for Clinical Trials of Medical Cannabis
SAN JOSE-- The U.S. Food and Drug Administration (FDA) Division of Psychiatry Products has cleared the Multidisciplinary Association for Psychedelic Studies (MAPS)’ Phase 2 study of smoked cannabis in Veterans for the treatment of PTSD ...
How Advanced Nutrients is Unlocking Profit Potential for Cultivators
LOS ANGELES — In the competitive world of cannabis cultivation, plant health has become synonymous with profitability. As the industry matures and consumer expectations rise, the pressure on cultivators to consistently produce high-quality cannabis has ...
Arizona Court Rules THC Metabolites Alone Cannot Justify License Suspension
LOS ANGELES- The Arizona Court of Appeals has ruled that the presence of THC metabolites in a driver’s bloodstream is not sufficient grounds for suspending their driver’s license unless the driver is shown to be ...
TerrAscend Secures Additional $26 Million in Loan Draw to Pay Down High-Interest Debt
LOS ANGELES- TerrAscend Corp. a North American cannabis company, has completed a second draw of $26 million as part of its senior secured term loan, bringing the total gross proceeds to $140 million. The loan, ...
Georgia’s Hemp Industry Faces New Regulations
LOS ANGELES- The Georgia Hemp Farming Act, which introduces new age restrictions and regulations for hemp products, took effect on October 1. The law prohibits the sale, purchase, and possession of consumable hemp products for ...
California Legalizes Cannabis Cafes
LOS ANGELES- California Governor Gavin Newsom has signed a bill legalizing cannabis cafes, where consumers can enjoy cannabis alongside food, drinks, and live performances. This move, which aligns California with cannabis cafe models seen in ...
Ohio Recreational Cannabis Sales Exceed $76.2 Million in Under Two Months
LOS ANGELES- Recreational cannabis sales in Ohio have surpassed $76.2 million since launching in early August, according to data from the Ohio Department of Commerce’s Division of Cannabis Control (DCC). As of September 21, sales ...
Vermont Halts New Cannabis Retail Licenses
LOS ANGELES- Vermont's Cannabis Control Board has temporarily stopped accepting new retail cannabis license applications, citing concerns about market saturation in certain regions. The pause, which takes effect on October 25, comes after issuing just ...
California Legalizes Cannabis Lounges: A Win for the Cannabis Industry and Leaders like Urbana
LOS ANGELES — In a landmark decision for California’s cannabis industry, Governor Gavin Newsom has officially signed AB 1775 into law, allowing the creation of cannabis consumption lounges throughout the state. This move is set ...
FBI Data: Over 200,000 Arrests for Cannabis Possession in 2023
LOS ANGELES- Despite growing momentum for cannabis legalization in the U.S., over 200,000 people were arrested for cannabis possession in 2023, according to new data from the FBI’s Uniform Crime Reporting system. The report, which ...
Harris’s Comments Over Cannabis Reform in the 2024 Presidential Race
LOS ANGELES- Harris's comments come amid a broader debate over cannabis reform in the 2024 presidential race. While Democratic vice-presidential nominee Tim Walz has suggested that cannabis legalization should be handled by individual states, Harris's ...
Los Angeles County Targets Unlicensed Cannabis Dispensaries with “Deplatforming” Motion
LOS ANGELES- Los Angeles County has approved a new initiative aimed at reducing the visibility of unlicensed cannabis dispensaries on major online platforms such as Google and Yelp. The motion, introduced by Supervisor Lindsey Horvath ...
California Bans Hemp-Derived THC Products Amid Regulatory Concerns
LOS ANGELES- California has implemented a ban on hemp-derived THC products following the approval of emergency regulations proposed by Governor Gavin Newsom. Effective September 23, 2024, the new rules prohibit any hemp-based products containing detectable ...
