Case Studies
Alternaleaf Rolls Out Targeted Cannabis Program for UK Women’s Health Issues
LONDON – Alternaleaf, the United Kingdom's online medical Cannabis clinic, ...
Washington State Regulators Plan to Label Cannabis with Harvest & Processing Dates
OLYMPIA – State regulators in Washington are advancing a proposal ...
FinCEN Reveals Steady Banking Access for Cannabis Businesses Despite Persistent Federal Barriers
WASHINGTON – A recent report from the Financial Crimes Enforcement ...
Glass House Brands Reports Q2 2025 Financial Results
LONG BEACH and TORONTO – Glass House Brands Inc., a leading vertically integrated Cannabis operator in the US, unveiled its second-quarter 2025 financial statements, showing impressive growth in key areas despite ongoing market pressures and ...
Psychedelics Market Set to Reach $22.6 Billion by 2033, Report Finds
NEW YORK – A recent report by Research and Markets reveals the current global psychedelic drugs market is valued at $7.4 billion and is projected to hit $22.6 billion by 2033, exhibiting a substantial compound ...
High Tide Enters German Medical Cannabis Market with Remexian Majority Stake Acquisition
CALGARY – High Tide Inc., a leading Canadian Cannabis retailer, announced its strategic entry into Germany’s medical Cannabis market through a 51% acquisition of Remexian Pharma GmbH, a Frankfurt-based pharmaceutical wholesaler. The deal, valued at ...
Cannabis Earnings Outlook Dims as Q2 2025 Looms, Latest Analysis
LOS ANGELES – As the Cannabis industry braces for Q2 2025 earnings releases in early August, a sobering picture emerges from Viridian Capital Advisors’ Chart of the Week. Ten of twelve tracked companies are projected ...
Cash, Crime, and Cannabis: Attorneys General Push Congress on SAFER Banking Act
WASHINGTON, D.C.–In a rare show of bipartisan unity, attorneys general from 32 states and U.S. territories issued a pointed appeal to Congress on Thursday: pass the SAFER Banking Act of 2025 — and finally bring ...
Cresco Labs Exits California Cannabis Market in Bold Strategic Pivot
LOS ANGELES – Cresco Labs Inc. (OTCQX: CRLBF), a multistate cannabis operator, announced its withdrawal from California, the world’s largest cannabis market. This move aligns with the company's broader strategic restructuring aimed at stabilizing its ...
Arkansas Activists Blaze Trail for Psychedelic Reform
BENTONVILLE – In the heart of Northwest Arkansas, a group of dedicated activists is pushing to reshape the legal landscape for psychedelics. Decriminalize Nature NW Arkansas, founded in 2023, is leading the charge to decriminalize ...
Glass House Brands Reports Q2 2025 Financial Results
LONG BEACH and TORONTO – Glass House Brands Inc., a leading vertically integrated Cannabis operator in the US, unveiled its second-quarter 2025 financial statements, showing impressive growth in key areas despite ongoing market pressures and ...
Psychedelics Market Set to Reach $22.6 Billion by 2033, Report Finds
NEW YORK – A recent report by Research and Markets reveals the current global psychedelic drugs market is valued at $7.4 billion and is projected to hit $22.6 billion by 2033, exhibiting a substantial compound ...
High Tide Enters German Medical Cannabis Market with Remexian Majority Stake Acquisition
CALGARY – High Tide Inc., a leading Canadian Cannabis retailer, announced its strategic entry into Germany’s medical Cannabis market through a 51% acquisition of Remexian Pharma GmbH, a Frankfurt-based pharmaceutical wholesaler. The deal, valued at ...
Idaho Proposes Harsher Penalties for Cannabis Possession Amid Regional Shifts Toward Legalization
LOS ANGELES- As neighboring states progressively embrace cannabis reform, Idaho is taking a contrary path with a legislative proposal aimed at intensifying penalties for cannabis possession. The proposed bill, which introduces a mandatory minimum fine ...
Mississippi to Revoke License of Medical Cannabis Testing Lab After Rule Violations
LOS ANGELES — In a significant move that highlights the stringent regulatory landscape of the medical cannabis industry, the Mississippi State Department of Health (MSDH) has announced plans to revoke the operating license of Rapid ...
Veterans and Law Enforcement Leaders Call on Biden to Reschedule Cannabis
NEW YORK- In a significant push for cannabis reform, leading veterans organizations and U.S. law enforcement officials have rallied together, urging the Biden Administration to consider the rescheduling of cannabis under the federal Controlled Substances ...
Oklahoma Introduces Bill to Ban Foreign Land Ownership
LOS ANGELES- In an effort to combat illegal cannabis cultivation, Oklahoma legislators have proposed a bill aimed at prohibiting foreign land ownership within the state. House Bill 3125, introduced to the Oklahoma House of Representatives ...
Maryland’s Cannabis Licensing Rush: A Beacon of Social Equity and Industry Diversity
LOS ANGELES- In a significant move for the cannabis industry, Maryland has initiated a pioneering step with the approval of nearly 1,500 applicants, all vying for a mere 179 cannabis licenses. This development marks a ...
Arkansas AG Greenlights Medical Cannabis Ballot Initiative with Path to Adult-Use Legalization
NEW YORK- In a significant development for cannabis reform, Arkansas Attorney General Tim Griffin approved a revised ballot initiative aimed at enhancing medical cannabis access in the state. This initiative, now set for a potential ...
Numinus Wellness Secures $6 Million in Public Offering to Fuel Psychedelic-Assisted Therapy Initiatives
LOS ANGELES- Numinus Wellness, a Vancouver-based healthcare company specializing in the innovative field of psychedelic-assisted therapies, has announced the successful completion of a significant financial milestone. Through a "bought deal" public offering, the company has ...
Ascend Wellness Boosts Massachusetts Presence with Second Cultivation License Acquisition
LOS ANGELES- Ascend Wellness Holdings, Inc., a player in the cannabis industry, has announced its acquisition of a second cultivation license and associated operations in Massachusetts, marking a significant expansion of its cultivation and production ...
Rhode Island Governor Proposes Tax Relief for Cannabis Industry to Counteract IRS Code 280E
LOS ANGELES- In a significant move aimed at supporting the cannabis industry, Rhode Island Governor Dan McKee has unveiled a proposal to decouple state tax codes from federal tax regulations, specifically targeting the financial strains ...
FSD Pharma Announces Market Offering Agreement to Fund Research and Development
NEW YORK- FSD Pharma a biopharmaceutical company focused on developing a diverse portfolio of innovative assets and biotechnological solutions, has unveiled a strategic market offering agreement with H.C. Wainwright & Co. LLC. This collaborative effort ...
New York Cannabis Control Board Advances with Adult-Use Licenses and Research Initiatives
NEW YORK- In a pivotal move to advance the state’s cannabis industry, the New York Cannabis Control Board (CCB) approved the first round of adult-use cannabis business licenses and introduced draft rules for home cultivation. ...
South Carolina Advances on Medical Cannabis
LOS ANGELES- In a significant legislative development, South Carolina's Senate has passed the Compassionate Care Act of 2024, propelling the state towards potentially establishing a medical cannabis program. However, this move, marked by stringent regulations, ...
DEA Misses Deadline to Respond to Senators on Cannabis Rescheduling
NEW YORK- In a notable lapse, the Drug Enforcement Administration (DEA) and Attorney General Merrick Garland did not meet the February 12 deadline to answer critical inquiries from a group of 12 U.S. senators concerning ...
Illinois Takes Bold Step Towards Psilocybin Therapy Legalization with the CURE Act
LOS ANGELES- In an ambitious move to address the growing mental health crisis, Illinois State Senator Rachel Ventura has introduced the Compassionate Use and Research of Entheogens (CURE) Act, a legislative proposal aimed at legalizing ...
Clearmind Medicine Inc. Advances Psychedelic Therapeutics with New Patent Applications
NEW YORK– Clearmind Medicine Inc. a biotech firm dedicated to the discovery and development of novel psychedelic-derived therapeutics, has taken significant steps to enhance its intellectual property (IP) portfolio through the submission of three patent ...
Ohio’s Recreational Cannabis Rollout Mired in Political and Legislative Hurdles
NEW YORK- Ohio's journey towards implementing a recreational cannabis program is encountering significant obstacles, as the state grapples with legislative standstills and political disagreements. Despite the recent legalization, the path to operationalizing the program remains ...
New York State Advances Cannabis Market with New Licenses Amid Regulatory Challenges
NEW YORK- In a pivotal move aimed at bolstering the burgeoning adult-use cannabis market in New York, the state’s Cannabis Control Board (CCB) granted approval for 109 business licenses during its latest meeting. This new ...
Filament Health Achieves Milestone with Botanical Psilocybin Export to Israel
LOS ANGELES- In a significant development for psychedelic medicine, Filament Health Corp. (OTCQB: FLHLF) announced it has successfully exported PEX010, its botanical psilocybin drug candidate, to Israel, marking a first for the country. This shipment ...
New Mexico Senate Endorses Study on Therapeutic Use of Psilocybin
LOS ANGELES- In a remarkable show of bipartisan unity, the New Mexico Senate has unanimously passed a non-binding resolution urging the state's Department of Health to consider the potential therapeutic benefits of psilocybin mushrooms. The ...
Virginia Legislators Propose Divergent Paths for Adult-Use Cannabis Sales
LOS ANGELES- In a notable move toward the commercialization of adult-use cannabis, Virginia's legislative bodies are progressing with distinct proposals aimed at kickstarting regulated sales by the upcoming year. This initiative comes after the legalization ...
Israel Probes Canadian Cannabis Imports
NEW YORK- In a significant development within the global cannabis sector, Israel has initiated an investigation into the importation of Canadian medical cannabis. This move comes against a backdrop of allegations suggesting that Canadian firms ...
Montana’s Cannabis Industry Flourishes
LOS ANGELES- In 2023, Montana's cannabis market experienced substantial growth, with sales reaching millions of dollars across various counties, demonstrating the burgeoning business of cannabis in the state. Yellowstone, Gallatin, Missoula, Flathead, and Lewis and ...
Florida Senate Advances Legislation to Ban Delta-8 THC
LOS ANGELES— In a decisive move, the Florida Senate on Tuesday passed legislation aimed at banning delta-8 tetrahydrocannabinol (THC) products while introducing new, stringent regulations on the state's burgeoning hemp industry. This unanimous decision reflects ...
New York Cannabis Control Board Awards 109 New Licenses Amidst Regulatory Debates
NEW YORK — The New York State Cannabis Control Board (CCB) took a significant step forward in the state's cannabis industry development by formally awarding 109 new cannabis business licenses on Friday. This move, unanimous and ...
MindBio Therapeutics Announces Completion of Groundbreaking Phase 2a LSD Microdose Trial
LOS ANGELES- In a significant advancement for psychiatric medicine, MindBio Therapeutics Corp., a pioneering biopharmaceutical company, has announced the successful completion of its Phase 2a clinical trial, marking a pivotal moment in the development of ...
