Case Studies
Republican Lawmakers Move to Block Cannabis Rescheduling, Undermining Federal Reform Efforts
WASHINGTON, D.C.. Just as the Biden administration’s long-awaited cannabis rescheduling ...
Texas Governor Expands Medical Cannabis Program, Vetoes THC Ban
LOS ANGELES— Texas Governor Greg Abbott has signed House Bill ...
Week In Review: Aurora Cannabis Denies Acquisition of MedLeaf Therapeutics; Canadian Cannabis Producers Expand Exports; Method Man and Zamnesia Partner to Launch Eight TICAL Cannabis Seeds in U.S. and Europe
LOS ANGELES — Welcome to the far too-exciting world of ...
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 ...
New Mexico Takes a Landmark Step Toward Legal Psychedelic Therapy
LOS ANGELES- New Mexico just made history—again. Governor Michelle Lujan Grisham has officially signed the Medical Psilocybin Act into law, positioning New Mexico as the third U.S. state to legalize psilocybin for therapeutic use. But ...
4/20 Cannabis Price Wars: How a Cultural Milestone Became a Cautionary Tale
LOS ANGELES- Once a day to honor cannabis culture, April 20th—aka 4/20—has increasingly become a flashpoint in the cannabis industry’s struggle for survival. What began as a grassroots celebration has devolved, in many markets, into ...
Montana Legislature Approves Bill to Tighten Cannabis Product Regulations
LOS ANGELES— The Montana Legislature has passed House Bill 636, introducing new restrictions on cannabis products. The Senate approved the bill with a 37–12 vote, following the House's 84–15 approval last month. House Bill ...
Kansas Governor Renews Call for Medical Cannabis Legalization
LOS ANGELES- Governor Laura Kelly has reiterated her support for legalizing medical cannabis in Kansas, urging lawmakers to advance legislation that would establish a regulated program for patients with qualifying medical conditions. Despite previous efforts, ...
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 ...
New York Finalizes Regulations for Intoxicating Hemp Products, Banning Certain THC Variants
NEW YORK – New York's cannabis regulators have recently established definitive rules for intoxicating hemp products, introducing a series of restrictions and standards that are expected to reshape the hemp market in the state. As ...
Hawaii Attorney General Proposes Comprehensive Plan for Recreational Cannabis Legalization
LOS ANGELES– Hawaii Attorney General Anne Lopez recently unveiled a detailed proposal to legalize recreational cannabis, marking a significant step forward in the state's cannabis policy reform. This initiative comes eight months after a similar ...
Ohio Senate President Seeks Changes to Cannabis Legalization Law Amid Controversy
LOS ANGELES- In a move that is stirring debate, Ohio State Senate President Matt Huffman is spearheading a bipartisan effort to revise Ohio's recently approved cannabis legalization law, Issue 2, before its main provisions take ...
MariMed Inc. Secures $58.7 Million Loan from Needham Bank to Bolster Operations and Reduce Debt
LOS ANGELES- MariMed Inc. a player in the cannabis industry, has recently finalized a substantial financial deal with Needham Bank, a community bank based in Massachusetts. The agreement involves a 10-year $58.7 million loan, marking ...
SNDL and Nova Cannabis Cancel Strategic Partnership Plan, Maintain Ongoing Collaboration
LOS ANGELES- Canadian cannabis producer SNDL and retailer Nova Cannabis have mutually decided to abandon their previously announced plan to implement a strategic partnership. Despite this development, the Alberta-based companies have affirmed their commitment to ...
Potential Downturn in Public Psychedelic Company Listings
LOS ANGELES- In a recent report, Robert Sassoon, a Senior Research Analyst at Water Tower, forecasts a significant shakeout in the psychedelics market, particularly impacting publicly traded companies in the sector. Sassoon anticipates a consolidation ...
Washington State University Study Suggests Cannabis May Improve Sleep Quality
LOS ANGELES- In a groundbreaking study, Washington State University researchers have unveiled compelling evidence suggesting that cannabis might enhance sleep quality, a revelation that contradicts long-held beliefs regarding its efficacy as a sleep aid. The ...
Mississippi Cannabis Dispensary Owner Sues State Over Advertising Restrictions
LOS ANGELES- A lawsuit challenging Mississippi's restrictive advertising rules for cannabis companies was filed on Thursday in federal court. The litigation, initiated by Clarence Cocroft II, owner of Tru Source Medical Cannabis, directly confronts the ...
Monthly Roundup: Navigating the Psychedelic Investment Landscape
LOS ANGELES-In an environment marked by regulatory complexities, companies in the emerging field of psychedelic medicine are cautiously progressing, acknowledging the challenges posed by the absence of federal legality. From stability testing milestones to financial ...
FSD Pharma Inc Announces Key Dates for Distribution of Celly Nutrition Corp Shares
LOS ANGELES- FSD Pharma Inc, a prominent biopharmaceutical company, has announced crucial details regarding the distribution of shares as part of its strategic plan of arrangement (the “Arrangement”). The company, known for its innovative portfolio ...
Psyence Group Inc. Advances Towards Nasdaq Listing with New Psychedelics Venture
LOS ANGELES- Psyence Group Inc., a Canadian psychedelics firm, has marked a significant advancement in its growth trajectory. The company, listed on the Canadian Securities Exchange (CSE: PSYG), has received regulatory approval from U.S. stock ...
YourWay Cannabis Brands Faces Challenges with Financial Reporting and Management Changes
LOS ANGELES- YourWay Cannabis Brands Inc., a company traded on the Canadian Securities Exchange and the OTC market (OTC: YOURF), is grappling with significant challenges, including delays in financial reporting and management upheavals. The company ...
New York Governor Signs Groundbreaking Clean Slate Act for Conviction Sealing
NEW YORK- New York Governor Kathy Hochul has enacted a transformative law, the Clean Slate Act, enabling the sealing of eligible misdemeanor and felony convictions, a move poised to reshape the landscape of criminal justice ...
Maine Medical Cannabis Report Reveals High Contamination Rates
LOS ANGELES- Nearly half of the medical cannabis commercially available in Maine contains contaminants like yeast, mold, or pesticides, a new report from the state's Office of Cannabis Policy (OCP) reveals. The findings, detailed in ...
Georgia Expands Its Medical Cannabis Industry with New Business Permits
LOS ANGELES- Georgia's medical cannabis industry is taking significant strides with the Georgia Access to Medical Cannabis Commission awarding four additional business permits. This development brings the total number of licensed cannabis companies in the ...
British American Tobacco Amplifies Investment in Organigram
LOS ANGELES- British American Tobacco (BAT), a global tobacco company, has significantly increased its investment in Canadian cannabis producer Organigram Holdings. The latest investment of 124.6 million Canadian dollars ($92.5 million) marks a deepening partnership ...
Maryland Launches Social Equity-Focused Adult-Use Cannabis Licensing
LOS ANGELES- Maryland has officially opened the first round of its adult-use cannabis licensing process, marking a significant step forward in the state's cannabis industry. In a move to promote social equity, this initial phase ...
AYR Wellness Financial Performance in Q3 2023
NEW YORK– AYR Wellness Inc. U.S. multi-state cannabis operator, has disclosed its financial results for the third quarter ending September 30, 2023. The company reported a revenue increase of 5% year-over-year to $114.4 million, excluding ...
Florida High Court Favoring Voter Decision on Cannabis Legalization
NEW YORK– In a significant development for cannabis legalization advocates in Florida, the state's Supreme Court appears inclined to permit a proposal for adult-use cannabis legalization to reach voters next year. This move would mark ...
AI in Cannabis Cultivation: Navigating the Future of Efficiency and Craftsmanship
NEW YORK– The cannabis industry, long characterized by its blend of traditional cultivation methods and pioneering spirit, is now on the verge of a technological transformation. The integration of Artificial Intelligence (AI) into cannabis production ...
FDA Submission of MDMA-Assisted Therapy Application Aims to Advance Mental Health Landscape
NEW YORK- In a landmark move, MAPS Public Benefit Corporation (MAPS PBC), a subsidiary of the notable Multidisciplinary Association for Psychedelic Studies (MAPS), has officially lodged a new drug application with the U.S. Food ...
Cresco Labs Delivers Q3 2023 Results, Execution of Core Market Strategy
NEW YORK– Cresco Labs Inc., a player in the cannabis industry, has unveiled its third-quarter financial and operating results for the period ending September 30, 2023. A leader in branded cannabis products and the operator ...
Ohio Governor Seeks Amendments to Voter-Approved Cannabis Legalization
LOS ANGELES— Ohio Governor Mike DeWine has called on state lawmakers to revise the recently approved cannabis legalization measure before its enactment on December 7. Despite his respect for the democratic process, as reported by ...
Cybin Inc. Secures $30 Million in Funding, Strengthening Pathway for Psychedelic-Based Mental Health Treatments
LOS ANGELES— Cybin Inc., a prominent clinical-stage biopharmaceutical company, has successfully closed its substantial underwritten offering, amassing US$30 million to propel its mission of transforming mental healthcare with next-generation psychedelic treatments. The company issued 66,666,667 ...
Clearmind Medicine Partners with Johns Hopkins and Yale for Pioneering Alcohol Use Disorder Clinical Trial
Tel Aviv— Clearmind Medicine Inc., a trailblazer in psychedelic drug development, has announced a significant milestone in its journey to address Alcohol Use Disorder (AUD). The company has entered into a Clinical Trial Agreement with ...
