Case Studies
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – Two weeks of headlines confirm a market ...
FDA Grants Breakthrough Designation to Vertanical Cannabis-Based Pain Drug
BERLIN – The U.S. Food and Drug Administration (FDA) has ...
Apollo Acquires Emerald in $1.5B Deal: What’s Next for MJBizCon?
LOS ANGELES – Apollo Global Management Inc., one of the ...
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 ...
Vireo Growth and MWBE-Led Ace Venture Announce Strategic Partnership
NEW YORK – Vireo Growth Inc. has struck a deal with minority and women-owned business enterprise (MWBE) of Ace Venture of NY to hand over controlling ownership of its long-running medical Cannabis operations in the ...
TerrAscend Reports Q4 and FY 2025 Financial Results
TORONTO – In an industry still wrestling with persistent pricing compression, TerrAscend Corp. managed to hold the line on profitability while posting modest sequential growth in its latest quarter. The company released its financial results, ...
Michigan Cannabis Sales Hit $3.17B in 2025, First Annual Decline Since Legalization
LANSING – Michigan consumers purchased $3.17 billion in recreational Cannabis products in 2025, the Cannabis Regulatory Agency (CRA) reported, marking the first year-over-year drop in total sales revenue since the state began adult-use retail operations ...
MariMed Reports Q4 and FY 2025 Financial Results
NORWOOD – MariMed Inc. released its fourth-quarter and full-year 2025 financial results, reporting a modest revenue increase that reflects the company’s focus on branded wholesale gains in an environment of sustained margin compression across multiple ...
Verano Reports Q4 and FY 2025 Financial Results
CHICAGO – Verano Holdings Corp. released its financial results for the fourth quarter and full year ended December 31, 2025, showing sequential revenue growth and improved gross margins in the final three months but a ...
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 ...
Vireo Growth and MWBE-Led Ace Venture Announce Strategic Partnership
NEW YORK – Vireo Growth Inc. has struck a deal with minority and women-owned business enterprise (MWBE) of Ace Venture of NY to hand over controlling ownership of its long-running medical Cannabis operations in the ...
Arizona Governor Vetoes Psilocybin Treatment Centers Bill
LOS ANGELES- Arizona Governor Katie Hobbs vetoed a bill on June 18 that would have permitted the use of psilocybin in designated treatment centers. The vetoed House Bill 1570 proposed $5 million in annual funding ...
Cannabis Legalization Yields Over $20 Billion in Tax Revenue
LOS ANGELES- The wave of cannabis legalization across the United States is creating a significant economic impact, with legalized states collectively generating over $20 billion in tax revenue from adult-use cannabis sales. This milestone not ...
Colorado Survey Shows Significant Drop in Teen Cannabis Use
LOS ANGELES- The latest Healthy Kids Colorado Survey reveals a notable decline in cannabis use among high school students, with a 37% decrease in reported use over the past month from 2013 to 2023. Additionally, ...
Inspector General Calls for Receiver for Dysfunctional Massachusetts Cannabis Control Commission
LOS ANGELES- The Massachusetts Cannabis Control Commission (CCC) is in such disarray that lawmakers need to appoint a receiver to manage the regulatory agency, according to a recent letter from the state's inspector general. Inspector ...
Dutch State Committee Report on MDMA Highlights Public Health and Therapeutic Uses
LOS ANGELES- On June 6, 2024, the Dutch State Committee MDMA presented its report titled "MDMA: Beyond Ecstasy" to the Dutch Minister of Medical Care. The six-member committee, chaired by Brigit Toebes and co-chaired by ...
New York Task Force Shuts Down Over 100 Illegal Cannabis Dispensaries in Three Weeks
LOS ANGELES- Since its inception three weeks ago, New York’s task force dedicated to shutting down illegal cannabis dispensaries has closed 114 storefronts. The enforcement actions, which have led to the seizure of more than ...
California State Fair Introduces Cannabis Sales and Consumption Area
LOS ANGELES- This year’s California State Fair, beginning July 12 in Sacramento, will feature cannabis sales and a designated consumption area, signaling the growing acceptance of cannabis in mainstream America. This marks the first time ...
Highly Capitalized: ‘Inside Cultivation with Advanced Nutrients’
LOS ANGELES — Highly Capitalized Network is thrilled to introduce “Inside Cultivation with Advanced Nutrients,” a new online news show that will air fortnightly on HighlyCapitalized.com. This program aims to provide deep insights into cannabis ...
Psilocybin Study Highlights Potential for Psychiatric Treatment
LOS ANGELES- A recent study available through the National Library of Medicine provides new insights into the use of psilocybin for treating psychiatric disorders and its potential in psychedelic-assisted psychotherapy. This study is the first to ...
High Tide Inc. Secures $15 Million Financing to Support Canadian Expansion
LOS ANGELES- High Tide Inc., known for its innovative approach to cannabis retailing, has announced a significant financial maneuver to facilitate its growth plans across Canada. Under the leadership of CEO Raj Grover, the company ...
Texas Judge Dismisses Lawsuit Against Local Cannabis Reforms
LOS ANGELES- A Texas judge has dismissed a lawsuit by Attorney General Ken Paxton that sought to nullify voter-approved local cannabis decriminalization ordinances in Austin, Denton, Elgin, Killeen, and San Marcos. Last week, a Texas ...
Study Shows Reduced Opioid Prescriptions Near Cannabis Dispensaries
LOS ANGELES- A recent study has found that communities in Oregon with cannabis dispensaries nearby have lower rates of opioid prescriptions. The research, titled “Recreational cannabis dispensary access effects on prescription opioid use and mortality,” ...
Minnesota Codifies Ban on Cannabis Odor as Sole Reason for Searches
LOS ANGELES- Minnesota lawmakers have codified a Minnesota Supreme Court decision that prevents law enforcement from using the smell of cannabis as the sole basis for searching a vehicle. This decision follows the legalization of cannabis ...
AMA Approves Support for Drug Decriminalization
LOS ANGELES- The American Medical Association (AMA) voted to support drug decriminalization at its annual House of Delegates meeting in Chicago on June 12. MD/PhD candidate Ryan Englander highlighted the inefficacy of the war on ...
Michigan Surpasses California in Cannabis Sales Volume
LOS ANGELES- Michigan has overtaken California as the largest cannabis market in the U.S. in terms of sales volume, according to data from multiple market intelligence firms. Michigan surpassed California over the winter in the ...
Psychedelics Linked to Improved Cognitive Functioning in Older Adults
LOS ANGELES- Older individuals who have used psychedelics exhibit better cognitive functioning and fewer depressive symptoms compared to those who have not, according to new research published in Gerontology & Geriatric Medicine. However, psychedelic usage ...
Slovenia Votes Overwhelmingly for Cannabis Reforms in Recent Elections
WORLD- In a significant shift, Slovenian voters have endorsed key cannabis reforms, including the cultivation of medical cannabis and limited personal use, reflecting evolving societal attitudes. One of the key questions put to voters was ...
Massachusetts Lawmakers Postpone Intoxicating Hemp Regulation to 2025
LOS ANGELES- Massachusetts lawmakers have announced that legislation to regulate intoxicating hemp products will not be completed before the end of the current legislative session next month. Despite the pressing need for regulation, the bill ...
New York Advances Cannabis Regulation Amid Enforcement Challenges
NEW YORK- New York has made notable progress in cannabis regulation, introducing new rules that allow adults to cultivate plants for personal use. This development is part of the state’s broader strategy to foster a ...
Filament Health Completes C$1.0 Million Bridge Financing
LOS ANGELES- Filament Health Corp., a natural psychedelic drug development company, announced the completion of its C$1.0 million bridge financing. This follows the company's press release from June 3, 2024. Negev Capital Fund One, LP ...
California Cannabis Retailers Could Soon Diversify Offerings with New Bill
LOS ANGELES- A new bill proposed by Assemblymember Matt Haney seeks to assist California's cannabis retailers in diversifying their revenue streams. This legislation would allow these businesses to sell non-cannabis food and non-alcoholic beverages and ...
Minnesota Cannabis: State Announces Automatic Expungements of 57,780 Criminal Records
ST. PAUL, Minn. — Criminal history records that qualify for automatic expungement under the Adult-Use Cannabis Act are no longer visible to the public in the Minnesota Criminal History System (CHS). The Minnesota Department of Public Safety ...
California Bill Proposes Psilocybin Therapy Pilot Program for Veterans and First Responders
LOS ANGELES- A psilocybin therapy bill introduced by California Senators Brian W. Jones and Josh Becker on June 6 seeks to establish a three-year pilot program for military veterans and first responders. Senate Bill 803, ...
Vermont Cannabis Sales Reach $10.94 Million in April
LOS ANGELES- According to the Vermont Department of Taxes, legal cannabis sales in April totaled $10.94 million, contributing to a yearly total of approximately $45 million. Cannabis sales generated $1.53 million in tax revenue for ...
Mary Jane Berlin 2024: Epicenter of European Cannabis Culture and Innovation
BERLIN—This week, Berlin is hosting one of the most anticipated events in the cannabis industry: Mary Jane Berlin. From June 14 to June 16, the sprawling Arena Berlin will transform into a vibrant hub for ...
