Case Studies
Curaleaf States Intention to Bid for Aurora Cannabis
STAMFORD – Curaleaf Holdings Inc. has publicly outlined plans to ...
California Directs $227M Toward Cannabis Enforcement
SACRAMENTO – Gov. Gavin Newsom announced that California has awarded ...
Bipartisan Cannabis Banking Bill (SAFE) Returns to Congress Ahead of DEA Hearing
WASHINGTON – A bipartisan coalition of senators and representatives reintroduced ...
LEEF Brands Reports Q1 2026 Financial Results
VANCOUVER – LEEF Brands Inc. reported its strongest financial quarter since inception, showing marked operational progress and turning what had been a loss position a year ago into meaningful profitability, all without adding a single ...
GTI Reports Q1 2026 Financial Results
CHICAGO – Green Thumb Industries Inc. released its first-quarter 2026 financial results, highlighting steady performance in a market still marked by price competition and variable demand. The multistate Cannabis operator posted steady revenue growth, alongside ...
Target Expands Hemp-Derived THC Beverage Sales Area
NEW YORK – Target is broadening its reach in the hemp-derived THC beverage category, adding the products to more than 300 stores across Florida, Texas and parts of Illinois. The mass retailer confirmed the move ...
The Canadian Workaround: Why U.S. Cannabis Companies May Need a Canadian Entity to Restructure
NEW YORK- Cannabis has produced a workaround that shouldn’t exist—but now does. If you’re a U.S. Cannabis company in distress, you can’t reliably rely on U.S. bankruptcy courts. So an emerging playbook is taking shape: ...
Louisiana Bill Would Tap Opioid Settlement Funds for Psychedelic Therapy Studies
BATON ROUGE – Louisiana lawmakers have advanced legislation that would let the state direct money from opioid lawsuit settlements toward clinical research on psychedelic-assisted therapy. Senate Bill 43, sponsored by Sen. Patrick McMath (R), would ...
India Awards First Public Funding for Cannabis Research in More Than 50 Years
NEW DELHI – The Indian government has awarded public funding to a Cannabis genetics project, the first such grant to a private company since the Narcotic Drugs and Psychotropic Substances Act took effect in 1985. ...
Charlotte’s Web Reaches Deal with BAT Unit to Convert Debt into Equity
LOUISVILLE – Charlotte’s Web Holdings Inc., the Colorado-based maker of CBD hemp extract products, announced it had reached an agreement with a subsidiary of British American Tobacco (BAT) to convert a large convertible debenture into ...
LEEF Brands Reports Q1 2026 Financial Results
VANCOUVER – LEEF Brands Inc. reported its strongest financial quarter since inception, showing marked operational progress and turning what had been a loss position a year ago into meaningful profitability, all without adding a single ...
GTI Reports Q1 2026 Financial Results
CHICAGO – Green Thumb Industries Inc. released its first-quarter 2026 financial results, highlighting steady performance in a market still marked by price competition and variable demand. The multistate Cannabis operator posted steady revenue growth, alongside ...
Target Expands Hemp-Derived THC Beverage Sales Area
NEW YORK – Target is broadening its reach in the hemp-derived THC beverage category, adding the products to more than 300 stores across Florida, Texas and parts of Illinois. The mass retailer confirmed the move ...
Cybin Inc. Secures Patent for Psychedelic-Based Depression Treatment
LOS ANGELES- Cybin Inc., a biopharmaceutical company dedicated to improving mental healthcare through psychedelic-based therapies, has announced the granting of a new U.S. patent for its CYB003 program, aimed at treating Major Depressive Disorder (MDD). ...
New York Accelerates Cannabis Licensing
NEW YORK- New York has issued over 400 adult-use cannabis licenses this year, a significant step as the state addresses the slow initial rollout that led to widespread unlicensed dispensaries. The state Cannabis Control Board ...
Congressional Hearing Spotlights Need for Cannabis Rescheduling and Regulation Clarity
LOS ANGELES- At a recent House Oversight and Accountability Committee hearing, FDA Commissioner Robert Califf was rigorously questioned about the potential rescheduling of cannabis and the regulation of CBD products. The hearing underscored the growing ...
Numinus Wellness Announces Strategic Shift in Canadian Operations
LOS ANGELES- Numinus Wellness Inc. , has completed its strategic review and announced plans to reshape its Canadian clinical operations. This reorganization, referred to as the "Canadian Reorganization," aims to refocus the company's efforts on ...
Canopy Growth Shareholders Greenlight Exchangeable Shares for U.S. Expansion
LOS ANGELES- In a significant step towards penetrating the U.S. market, Canopy Growth Corporation announced that its shareholders have approved the creation of a new class of exchangeable shares. This strategic move is a key ...
Proposed Amendment Aims to Toughen Penalties for Kansas Hemp Farmers with High THC Levels
LOS ANGELES- In a recent development within Kansas legislative circles, a contentious amendment has been introduced that seeks to impose stricter penalties on hemp farmers whose crops test above a 1% THC threshold. This amendment, ...
New Hampshire House Approves Cannabis Legalization Bill
NEW YORK- The New Hampshire House of Representatives has passed a bill to legalize adult-use cannabis, with a vote of 239 to 136, moving the proposal forward to the Senate where its outcome is less ...
IRS Guidance Eases Cash Transaction Concerns for Cannabis Industry
LOS ANGELES- The Internal Revenue Service (IRS) recently issued a memo that clarifies handling cash transactions within the cannabis industry, providing a potential shift in federal treatment of the sector. This guidance focuses on the ...
PharmaCielo Amplifies Presence in Asian Markets with Strategic Acquisition
LOS ANGELES- PharmaCielo, an international cannabis production, announced plans to broaden its footprint in Asian markets through a strategic acquisition aimed at leveraging its established product quality and unique genetic and formulation expertise. This expansion ...
M&A News: Staffing Firm Vangst Acquires CannabizTemp
DENVER-Vangst, the cannabis industry's leading hiring platform, has officially acquired CannabizTemp, the temporary staffing division of CannabizTeam. The acquisition was 50% cash, 50% stock, and is the first acquisition in the cannabis HR space. Vangst ...
Ontario Cannabis Retailer Incurs $200,000 Fine for Regulatory Non-compliance
LOS ANGELES- The Alcohol and Gaming Commission of Ontario (AGCO) has levied a fine of CA$200,000 against Cannabis Xpress for breaching provincial anti-inducement laws designed to regulate cannabis retail operations. The AGCO's inquiry, triggered by ...
Alabama Seeks to Reset Medical Cannabis Licensing with New Bill
LOS ANGELES- In an effort to resolve ongoing delays and legal complications in its medical cannabis program, the Alabama Senate Agriculture, Conservation, and Forestry Committee has endorsed Senate Bill 306, which proposes a comprehensive reset ...
PharmAla Biotech Announces Private Placement Offering and Debt Settlement
LOS ANGELES- PharmAla Biotech Holdings Inc. a player in the biotechnology sector specializing in the development of LaNeo™ MDMA and its derivatives, has announced plans for a non-brokered private placement offering aiming to raise up ...
Surge in Canceled Cannabis Licenses and Rising Unpaid Excise Tax in Canada
NEW YORK- The Canadian cannabis industry is facing significant operational hurdles as evidenced by the sharp increase in business license cancellations. According to data from the Canada Revenue Agency (CRA), at least 123 federal cannabis ...
Clearmind Medicine Inc. Files Patent for Novel Therapeutic Approach to Treat Eating Disorders
LOS ANGELES- Clearmind Medicine Inc. a biotech company specializing in the discovery and development of psychedelic-derived therapeutics, has announced the filing of a patent application with the United States Patent and Trademark Office (USPTO) for ...
Sun Theory Holding Co. Acquires Terrapin Care Station’s Retail Operations in Colorado
LOS ANGELES- Sun Theory Holding Co. announced the acquisition of the Colorado retail operations of Terrapin Care Station, including five retail dispensaries, on Monday. This acquisition adds to Sun Theory's existing portfolio of eight retail ...
Maine Advances Psychedelic Research with Commission Bill Awaiting Governor’s Approval
LOS ANGELES- In a significant move towards exploring the therapeutic potential of psychedelic substances, Maine lawmakers have sent a bill to Governor Janet Mills that aims to establish a commission for studying and recommending regulatory ...
Silo Pharma Licenses Promising Alzheimer’s Disease Therapeutic from Columbia University
NEW YORK- Silo Pharma, Inc. a biopharmaceutical company specializing in novel formulations and drug delivery systems, has announced its decision to license a therapeutic candidate for Alzheimer's disease (AD), known as SPC-14, from Columbia University. ...
Red Light Holland Advances in Psilocybin Research and Development
LOS ANGELES- Red Light Holland Corp., a North American and European producer of functional mushrooms and mushroom home grow kits, is set to provide an update on its Research and Development (R&D) collaboration with CCrest ...
Montana’s Comprehensive Approach to Cannabis Regulation and Consumer Safety
LOS ANGELES- Montana's Cannabis Control Division (CCD) is spearheading efforts to ensure public health and safety through the implementation of the Montana Cannabis Regulation and Taxation Act. The legislation aims to provide safe access to ...
Virginia Governor’s Veto Stalls Cannabis Legalization Progress
LOS ANGELES- In a recent development in Virginia's cannabis legalization movement, Governor Glenn Youngkin vetoed legislation that would have established a legal marketplace for adult-use cannabis. This move has been seen as a setback for ...
Federal Seizures of Regulated Cannabis Products Impact New Mexico Businesses
NEW YORK- In recent weeks, U.S. Customs and Border Protection (CBP) agents have reportedly seized regulated cannabis products at least a dozen times at border checkpoints in New Mexico, impacting state-licensed cannabis businesses. This marks ...
Filament Health Reports Revenue Gains and Progress in Psychedelic Drug Development
LOS ANGELES- Filament Health Corp., a psychedelic drug developer, has reported its financial results for the fourth quarter and the full year ending December 31, 2023. The company showed notable revenue gains and a significant ...
California Proposes Supervised Psychedelic Therapy Bill
LOS ANGELES- In an innovative legislative move, California lawmakers have introduced a bipartisan bill that aims to permit individuals over the age of 21 to consume psychedelic mushrooms under professional supervision. This proposal seeks to ...
Health Canada Reclassifies Organigram’s Cannabis Lozenges as Edibles
NEW YORK- In a recent development that has stirred the Canadian cannabis industry, Health Canada has announced a pivotal decision affecting Organigram Holdings. The federal agency has reclassified the company's Edison Jolts lozenge products from ...
