Auxly Reports Q4 and FY 2025 Financial Results
TORONTO – In the Canadian Cannabis industry that continues to reward discipline and brand strength, Auxly Cannabis Group Inc., known for its focus on consumer-packaged goods and leading brands, has posted solid results for the ...
Gilgamesh Pharma Raises $60M to Fund Its Remaining Neuropsychiatric Assets
NEW YORK – Gilgamesh Pharma, the clinical-stage neuroscience company formed last year after AbbVie acquired its predecessor’s lead psychedelic-derived program, announced it had completed an oversubscribed $60 million Series A financing. The round was led ...
The ROI Investors Are Ignoring Within the Cannabis Industry
LOS ANGELES- Industrial hemp has more ROI potential than the medicinal and intoxicating side for a simple reason: industrial hemp is a raw material that can be swapped into enormous existing markets, while medicinal products ...
DOJ Urges SCOTUS to Ban Cannabis Consumers from Owning Guns
WASHINGTON, D.C. –The U.S. Department of Justice is strongly urging the Supreme Court to uphold a federal rule that bars Cannabis consumers from legally owning or purchasing firearms. In a brief filed with the Court, ...
GTI Reports Q4 and FY 2025 Financial Results
CHICAGO – Green Thumb Industries Inc. released its fourth-quarter and full-year 2025 earnings, showing revenue growth that outpaced the prior period even as pricing pressures continued to squeeze profitability metrics across its operations. The Chicago-based ...
Psychedelic Alpha Released Q1 2026 Psychedelic Drug Development Bullseye Charts
LOS ANGELES – Psychedelic Alpha, the data-focused research and analysis group that monitors the psychedelics sector, published its latest Bullseye Charts showing the state of drug development programs as of the first quarter of 2026. ...
Opinion: The Timing Has Never Been Better for Industrial Hemp
LOS ANGELES- A few years ago, ‘sustainable’ was a buzzword. Using the word ‘sustainable’ in marketing messages was a clever way for a company or brand appear to be living in the now, without having ...
Auxly Reports Q4 and FY 2025 Financial Results
TORONTO – In the Canadian Cannabis industry that continues to reward discipline and brand strength, Auxly Cannabis Group Inc., known for its focus on consumer-packaged goods and leading brands, has posted solid results for the ...
Gilgamesh Pharma Raises $60M to Fund Its Remaining Neuropsychiatric Assets
NEW YORK – Gilgamesh Pharma, the clinical-stage neuroscience company formed last year after AbbVie acquired its predecessor’s lead psychedelic-derived program, announced it had completed an oversubscribed $60 million Series A financing. The round was led ...
The ROI Investors Are Ignoring Within the Cannabis Industry
LOS ANGELES- Industrial hemp has more ROI potential than the medicinal and intoxicating side for a simple reason: industrial hemp is a raw material that can be swapped into enormous existing markets, while medicinal products ...
FDA Advisory Panel to Review MDMA for PTSD Treatment
LOS ANGELES- Earlier today, staff from the U.S. Food and Drug Administration (FDA) expressed concerns regarding the interpretation of data from trials on the psychedelic drug MDMA for treating post-traumatic stress disorder (PTSD). These concerns ...
10th Annual CWCBExpo Returns to New York, June 5 & 6 with Expanded Show Experiences, Education, and Networking Opportunities
NEW YORK—The leading East Coast cannabis conference and trade show, CWCBExpo, returns to the Javits Convention Center, June 5-6, 2024 with immersive exhibit floor experiences, top education as well as plenty of business building opportunities ...
Cansortium and RIV Capital to Merge, Expanding Cannabis Footprint Across Four States
LOS ANGELES- Cansortium, a Florida-based vertically integrated cannabis operator, is set to merge with RIV Capital, operator of the Etain Health cannabis brand in New York. Under the merger terms, Cansortium will acquire all issued ...
Missouri Allocates $19 Million in Cannabis Tax Revenue to Veterans, Treatment Programs, and Public Defense
LOS ANGELES- Missouri's cannabis tax revenue has generated over $19 million, which has been allocated to support military veterans, expand substance use treatment programs, and fund the state's Public Defenders System, according to the Missouri ...
Numinus Wellness Inc. Selected for Cybin’s Phase 3 Trial on Depression Treatment
NEW YORK- Numinus Wellness Inc. announced that its research site, Cedar Clinical Research (CCR), has been chosen for Cybin's Phase 3 clinical trial of CYB003, aimed at treating Major Depressive Disorder (MDD). This selection highlights ...
Canopy Growth Reports Q4 and Fiscal Year 2024 Financial Results
LOS ANGELES- Canopy Growth Corp. announced its financial results for the fourth quarter and fiscal year ending March 31, 2024, indicating progress in alleviating financial pressures faced in 2023. Q4 and Full-Year Financial Performance In ...
Scotts Miracle-Gro’s RIV Capital to Merge with Cansortium in Cannabis Tie-Up
MIAMI- In a strategic move to consolidate and strengthen their positions in the cannabis industry, Florida-based Cansortium Inc. has announced an all-stock merger with RIV Capital Inc., a company backed by Scotts Miracle-Gro Co. The merger ...
Study Finds Cannabis Sativa Oil Enhances Social Interaction via Oxytocin Pathway
NEW YORK- A study titled "Cannabis Sativa Oil Promotes Social Interaction and Ultrasonic Communication by Acting on Oxytocin Pathway" has been published in the journal Cannabis and Cannabinoid Research, and made available online by the ...
Tennessee Hemp Seizure Raises Questions About Drug Law Enforcement
NEW YORK- A recent legal dispute has highlighted significant issues in the enforcement of drug laws, centering on the seizure of over $1 million worth of legal hemp products. This incident has sparked a debate ...
Michigan’s Cannabis Market Thrives Amid Legalization Trends
LOS ANGELES- The cannabis industry in Michigan has experienced significant growth, with both recreational and medical cannabis sales reaching notable figures in recent months. This surge reflects broader trends in the legalization and consumption of ...
Atlanta City Council Considers Psychedelic Therapies for Employee Healthcare
LOS ANGELES- A proposal from an Atlanta City Council member is under consideration, aiming to include coverage for psilocybin and ketamine as mental health treatments in the city's healthcare plan for firefighters, police, and other ...
VA Prepares for Potential Deployment of Psychedelic Treatments for PTSD
LOS ANGELES- The U.S. Department of Veterans Affairs (VA) is strategizing the rapid deployment of psychedelic treatments for mental health disorders, should such therapies receive FDA approval. A planning document, reportedly reviewed by The Intercept, ...
California Advocates Consider 2026 Ballot Measure for Psychedelics Reform
Following the recent failure of a state bid to legalize psychedelic treatment centers, California advocates are considering a state ballot measure to address psychedelics reform in 2026, according to a report by KQED. State Senator ...
Minnesota Prepares for Cannabis Market with New Legislation
LOS ANGELES- Minnesota will allow some commercial cultivators to begin growing cannabis later this year in preparation for the state's upcoming retail market. The state will award cannabis business licenses through a vetted lottery system ...
Texas Poll Shows Majority Support for Cannabis Legalization
LOS ANGELES- A statewide poll in Texas has revealed that six out of 10 adults support legalizing cannabis, marking the first time the poll has shown a solid majority. The Texas Lyceum Poll, now in ...
Martha’s Vineyard Dispensary Sues for Cannabis Transport Rights
LOS ANGELES- A dispensary in Martha’s Vineyard, Massachusetts, has filed a lawsuit against the state Cannabis Control Commission (CCC) over rules prohibiting the transport of cannabis products by boat across the Vineyard Sound. The lawsuit, ...
Hemp THC Products Face Potential Ban Under Farm Bill Amendment
LOS ANGELES- An amendment to the House version of the Farm Bill aims to ban the sale of hemp-derived delta-8 THC and other intoxicating hemp products. Proposed by Illinois Republican Rep. Mary Miller, the amendment ...
New York Imposes $15.2 Million Fine on Owner of Unlicensed Cannabis Shops
NEW YORK- The owner of seven unlicensed cannabis shops in New York has been fined $15.2 million for operating without a license, ignoring multiple official notices, and selling cannabis to underage customers. New York Attorney ...
Louisiana Senate Bill Could Shift Medical Cannabis Cultivation to Private Sector
LOS ANGELES- If signed into law, Senate Bill 228 will allow private contractors to replace Louisiana State University (LSU) and Southern University (SU) in the cultivation of medical cannabis, ending their unique role in this ...
Federal Move to Reclassify Cannabis: A Potential Game-Changer for U.S. Drug Policy
LOS ANGELES- The federal landscape surrounding cannabis usage in the United States is on the cusp of a historic transformation. The recent proposal to reclassify cannabis from a Schedule 1 controlled substance to a Schedule ...
New York Bill Seeks to Legalize Psilocybin Service Centers
LOS ANGELES- New York legislation Assembly Bill 10375, introduced by Assembly Health Committee Chair Amy Paulin, aims to legalize psilocybin service centers. If passed, the bill would create a regulatory framework for licensing these centers ...
Iowa Governor Signs Bill Imposing THC Caps on Hemp-Derived Products
LOS ANGELES- Iowa Governor Kim Reynolds has signed a new bill that imposes strict THC caps on cannabinoid-infused hemp products, significantly impacting the industry. The law, effective July 1, limits THC content to 4 milligrams ...
Daily Cannabis Use Surpasses Daily Alcohol Consumption in the U.S.
LOS ANGELES- Recent analysis of national survey data reveals that more Americans now admit to daily cannabis use than to daily alcohol consumption. Published in the journal Addiction, the research found that in 2022, approximately ...
House Armed Services Committee Approves NDAA with Provision on Cannabis Testing for Military Recruits
LOS ANGELES- The House Armed Services Committee has approved the 2025 National Defense Authorization Act (NDAA), a comprehensive defense bill crucial for funding national defense and military operations. A significant provision within the bill prohibits ...
Massachusetts Cannabis Dispensaries File Suit Over Shipping Restrictions
LOS ANGELES- Two cannabis dispensaries in Massachusetts, Island Time on Martha’s Vineyard and The Green Lady Dispensary on Nantucket Island, have filed a lawsuit against state regulators. The suit challenges restrictions that prevent them from ...
