Case Studies
California Cannabis Delivered Steady Tax Dollars in Q1 2026
SACRAMENTO – The California Department of Tax and Fee Administration ...
Cronos Group Reports Q1 2026 Financial Results
TORONTO – Cronos Group Inc. posted record net revenue and ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – The past two weeks brought measurable movement ...
Charlotte Figi Day: The Enduring Legacy of a Girl Who Sparked a Revolution in Cannabis
LOS ANGELES – Every year on April 7, Colorado officially observes Charlotte Figi Day, a day set aside by proclamation of Governor Jared Polis to honor a remarkable young girl whose courage, suffering, and breakthrough ...
Innocan Pharma Closes Additional Insider Debenture
HERZLIYA-CALGARY – Innocan Pharma Corp. announced that it had completed the closing of an additional secured debenture with its largest shareholder, Tamar Innovest Ltd., for gross proceeds of $200,000. The financing follows the company’s earlier ...
New Mexico Allocates $630K for Medical Psilocybin Treatment Equity Fund
SANTA FE – Gov. Michelle Lujan Grisham signed the state’s annual budget bill, setting aside $630,000 to create the Medical Psilocybin Treatment Equity Fund and extend access to supervised psilocybin therapy for low-income and rural ...
Massachusetts Rec Cannabis Sales Exceed $9B Cumulative Total
BOSTON – Adult-use Сannabis retailers in Massachusetts have generated over $9 billion in gross sales since the first stores opened in November 2018, as reported by the state Cannabis Control Commission. Sales data on the ...
Canopy Growth Completes Acquisition of MTL Cannabis
SMITHS FALLS – Canopy Growth Corp. has finalized the purchase of MTL Cannabis Corp. solidifying its position as the largest medical Cannabis company in Canada by revenue bolstered by added cultivation assets and patient channels. ...
Virginia Moves Toward Adult-Use Cannabis Sales While U.S. Policy Remains Uneven
RICHMOND- Virginia may finally close one of the most unusual gaps in U.S. Cannabis policy. Lawmakers in the Virginia General Assembly have approved legislation to establish a regulated adult-use Cannabis retail market and sent the ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – The Cannabis and Psychedelics sectors delivered clear signals of financial stability, policy refinement, consumer-driven changes, and therapeutic expansion. State-level sales held firm in key markets, major MSOs shared Q4 and FY 2025 ...
Charlotte Figi Day: The Enduring Legacy of a Girl Who Sparked a Revolution in Cannabis
LOS ANGELES – Every year on April 7, Colorado officially observes Charlotte Figi Day, a day set aside by proclamation of Governor Jared Polis to honor a remarkable young girl whose courage, suffering, and breakthrough ...
Innocan Pharma Closes Additional Insider Debenture
HERZLIYA-CALGARY – Innocan Pharma Corp. announced that it had completed the closing of an additional secured debenture with its largest shareholder, Tamar Innovest Ltd., for gross proceeds of $200,000. The financing follows the company’s earlier ...
New Mexico Allocates $630K for Medical Psilocybin Treatment Equity Fund
SANTA FE – Gov. Michelle Lujan Grisham signed the state’s annual budget bill, setting aside $630,000 to create the Medical Psilocybin Treatment Equity Fund and extend access to supervised psilocybin therapy for low-income and rural ...
Colorado’s Cannabis Market Faces Decline Amid National Expansion
LOS ANGELES- Colorado, once a leader in the legal cannabis market, is now grappling with declining sales and tax revenues. A report from the state's Legislative Council Staff attributes this downturn to market saturation, oversupply, ...
California’s New Hemp Regulations Raise Concerns for Industry and Consumers
LOS ANGELES- Governor Gavin Newsom has enacted emergency regulations in California, significantly impacting the hemp industry by banning hemp-derived THC products. This move, approved by the Office of Administrative Law and effective as of September ...
Allegations of Predatory Contracts Surface in Missouri’s Social Equity Cannabis Program
LOS ANGELES- Missouri’s social equity cannabis licensing program faces scrutiny amid allegations of predatory investor contracts. Designed to benefit disadvantaged individuals, the program has seen reports of investors using deceptive agreements to gain control of ...
Florida’s Amendment 3 Sets Record for Cannabis Legislation Funding
LOS ANGELES- Amendment 3, a measure to legalize recreational cannabis for adults 21 and over, is on Florida's ballot this November. The campaign, led by Smart & Safe Florida, has become the most expensive cannabis ...
Ontario Leads Canadian Cannabis Sales
LOS ANGELES- Canada's legal cannabis market continues to show strong performance, with sales exceeding $2.4 billion in the first half of 2024, according to data from Statistics Canada. The provinces driving these numbers were Ontario, ...
Georgia Pharmacy Defies Federal Ban, Sells Low-THC Cannabis Products
LOS ANGELES- A licensed pharmacy in Augusta, Georgia, has begun selling low-THC cannabis products, directly challenging federal regulations enforced by the U.S. Drug Enforcement Administration (DEA). Living Well Pharmacy, owned by Vic Johnson, is one ...
Critical Factors for Optimizing the Employee Lifecycle in Cannabis Businesses
LOS ANGELES — The cannabis industry is rapidly growing, fueled by increasing legalization and broader societal acceptance. With this growth comes a unique set of challenges, especially in the realm of human resources. For cannabis ...
Illinois Supreme Court: Cannabis Odor Alone Not Enough for Vehicle Search
LOS ANGELES- In a significant ruling, the Illinois Supreme Court declared on Thursday that the smell of burnt cannabis alone does not justify a warrantless vehicle search. The unanimous decision stems from a 2020 case ...
South Carolina AG Confirms Legality of Hemp-Derived THC Beverages
LOS ANGELES- South Carolina Solicitor General Robert D. Cook issued a legal opinion on Sept. 16, affirming that nonalcoholic beverages containing hemp-derived delta-9 THC are legal under the 2018 Farm Bill, provided they contain no ...
The High Stakes of Cutting Corners in Regulatory Employee Compliance
LOS ANGELES — In the cannabis industry, regulatory compliance is not a mere formality, but it’s a vital safeguard against financial losses, legal challenges, and operational disruptions. An often overlooked yet incredibly high-stakes area of ...
Pennsylvania Lawmakers Introduce Bipartisan Bill to Legalize Recreational Cannabis
LOS ANGELES- A bipartisan group of Pennsylvania lawmakers introduced a bill last week to legalize recreational cannabis for adults. The legislation, known as House Bill 2500, was sponsored by Republican Rep. Aaron Kaufer and Democratic ...
Psyence Biomed Advances Clinical Trials in Psilocybin for Mental Health Treatments
LOS ANGELES- Psyence Biomedical Ltd. a life science biotechnology company focused on natural psychedelics for mental health, has issued updates on its progress in clinical research and corporate development. The company is leading efforts to ...
COMPASS Pathways Receives Analyst Ratings
LOS ANGELES- COMPASS Pathways, a company specializing in mental health treatments, has garnered significant attention in recent market reports due to favorable analyst ratings and its stock performance. Several brokerages have maintained a consensus "Buy" ...
Verano Holdings to Participate in Key Investor Conferences
LOS ANGELES- Verano Holdings Corp. U.S. multi-state cannabis company, has announced its participation in two significant industry conferences. The company’s executives will engage with investors and industry leaders to discuss important market developments and future ...
High Tide Inc. Reports Revenue and Profitability in Q3 2024
LOS ANGELES- High Tide Inc. reported strong financial results for the third fiscal quarter of 2024, with record revenue of $131.7 million, reflecting a 6% increase year-over-year and sequentially. This revenue growth underscores the company's ...
MediPharm Labs Achieves Debt-Free Status with $2.1M Repayment
LOS ANGELES- MediPharm Labs Corp., a pharmaceutical company specializing in cannabis-based health products, has announced the repayment of its remaining $2.1 million convertible debt, making the company materially debt-free. With over $13 million in cash ...
Silo Pharma Advances Regulatory Path for PTSD Treatment SPC-15
LOS ANGELES- Silo Pharma, Inc. a developmental stage biopharmaceutical company, has submitted a proposal for FDA approval of its PTSD treatment, SPC-15, through the 505(b)(2) regulatory pathway. This pathway is designed to shorten clinical timelines ...
Embracing the Evolution: The Rise of Cannabis Consumption Lounges
LOS ANGELES — The cannabis industry is no stranger to innovation, and one of the most promising developments in recent years is the emergence of cannabis consumption lounges. These venues are revolutionizing the way consumers ...
Emerald Cup 2024: Behind the Scenes at a Celebration of Cannabis Culture in Oakland
OAKLAND — Last month, the Emerald Cup 2024, a premier event in the cannabis community, took place at the historic Henry J. Kaiser Convention Center in Oakland. Celebrating its 20th anniversary, this iconic event honors ...
Urbana Breathes New Life into Historic Luka’s Taproom with a New Cannabis Dispensary and Lounge in Oakland
Honoring a Beloved Oakland Landmark, Urbana Introduces a New Paradigm in Cannabis Retail and Consumption OAKLAND, CA – Urbana, one of Northern California’s premier cannabis brands, is thrilled to announce the opening of its newest ...
Michigan Cannabis Sales Hit Record $295.4 Million in August
LOS ANGELES- Michigan's cannabis industry set a new monthly sales record in August, with licensed dispensaries generating $295.4 million in revenue, according to the state's Cannabis Regulatory Agency (CRA). This figure includes $294.1 million from ...
Nixon’s Secret Recordings: A Shift in Private Views on Cannabis
LOS ANGELES- Recently uncovered White House recordings from 1973 reveal that President Richard Nixon privately acknowledged that cannabis was "not particularly dangerous," a stance at odds with his administration's aggressive drug policies. The recordings, discovered ...
FDA Consideration of Psilocybin Therapy Could Impact Millions of Depression Patients
LOS ANGELES- Recent research suggests that the active ingredient in psychedelic mushrooms, psilocybin, may offer significant benefits for individuals struggling with depression, pending approval from the U.S. Food and Drug Administration (FDA). With roughly one ...
California Governor Proposes Emergency Ban on THC in Hemp Products
LOS ANGELES- California Governor Gavin Newsom announced emergency regulations on Friday that would prohibit the sale of hemp products containing detectable levels of THC, the psychoactive compound in cannabis. The move aims to address concerns ...
Medical Cannabis in Germany: A Gateway for Investment and Innovation
The investment climate in Germany's medical cannabis industry is poised for significant expansion, driven by the global cannabis legalization movement, ongoing regulatory changes, and mounting community and market demand. As the country embraces a more ...
