Case Studies
Red Light Holland Taps Scott Melker to Lead Bitcoin Strategy Following Banking Setback
LOS ANGELES- Red Light Holland Corp. an Ontario-based psychedelics company ...
Israel’s Health Ministry Approves Expansion of Apex Labs’ Phase 2b Psilocybin Trial for PTSD
LOS ANGELES- Apex Labs Ltd. has secured approval from Israel’s ...
Cybin Secures Additional U.S. Patent for CYB003
LOS ANGELES- Cybin Inc. a biopharmaceutical company, announced the granting of U.S. patent 12,291,499 by the United States Patent and Trademark Office. This patent pertains to pharmaceutical compositions and oral dosage forms within the company's ...
Green Thumb Industries Reports Q1 2025 Financial Results
Green Thumb Industries Inc. a U.S.-based cannabis consumer packaged goods company and owner of RISE Dispensaries, announced its financial results for the first quarter ended March 31, 2025. Financial Highlights Revenue for Q1 2025 was ...
Pennsylvania House Approves State-Run Recreational Cannabis Bill
LOS ANGELES- The Pennsylvania House of Representatives has passed a bill to legalize recreational cannabis, proposing a state-controlled sales model. The legislation, approved by a narrow 102-101 vote along party lines, marks the first time ...
New Hampshire Governor Maintains Opposition to Cannabis Legalization
LOS ANGELES- New Hampshire Governor Chris Sununu continues to oppose the legalization of recreational cannabis, even as the state's House of Representatives advances related legislation. In February 2025, the House passed House Bill 360, which ...
Gold Flora Corporation Files for Voluntary Receivership
COSTA MESA, Calif. , March 27, 2025 /CNW/ - Gold Flora Corporation ("Gold Flora" or the "Company") (Cboe Canada: GRAM) (OTCQB: GRAM), a cannabis company with subsidiaries operating across California, today announced that it filed for a voluntary receivership pursuant under ...
Federal Cannabis Trafficking Cases Reach Record Low
LOS ANGELES- The U.S. Sentencing Commission's 2024 Sourcebook of Federal Sentencing Statistics reveals a continued decline in federal cannabis trafficking cases. In 2024, fewer than 500 individuals were charged, marking a significant decrease from nearly ...
Blueberries Medical Corp. Secures C$1.05 Million in Private Placemen
LOS ANGELES- Blueberries Medical Corp, a Latin American producer of medicinal cannabis and cannabis-derived products, has announced a non-brokered private placement, raising approximately C$1.05 million (US$740,000). The financing involved the sale of 96,064,935 common shares ...
Cybin Secures Additional U.S. Patent for CYB003
LOS ANGELES- Cybin Inc. a biopharmaceutical company, announced the granting of U.S. patent 12,291,499 by the United States Patent and Trademark Office. This patent pertains to pharmaceutical compositions and oral dosage forms within the company's ...
Green Thumb Industries Reports Q1 2025 Financial Results
Green Thumb Industries Inc. a U.S.-based cannabis consumer packaged goods company and owner of RISE Dispensaries, announced its financial results for the first quarter ended March 31, 2025. Financial Highlights Revenue for Q1 2025 was ...
Pennsylvania House Approves State-Run Recreational Cannabis Bill
LOS ANGELES- The Pennsylvania House of Representatives has passed a bill to legalize recreational cannabis, proposing a state-controlled sales model. The legislation, approved by a narrow 102-101 vote along party lines, marks the first time ...
U.S. Cannabis Industry: Growth and Puzzles Across States
LOS ANGELES— The cannabis landscape in the U.S. is rapidly shifting, with each state crafting its narrative. From Maryland's remarkable entry to Michigan's booming market, Illinois's unique challenges, and Colorado's stellar tax earnings, the industry's ...
Maryland’s Recreational Cannabis Sales Surge Amid Varied Growth Across U.S. States
LOS ANGELES – Maryland's newly launched recreational cannabis market is already generating waves in the industry, boasting sales of $87.3 million in its inaugural month of July 2023. Despite the robust figures, a report from ...
Idaho Pushes to Introduce Medical Cannabis Amid Broader Regional Shift
LOS ANGELES— As the broader Pacific Northwest embraces cannabis legalization, Idaho remains a notable holdout. But Kind Idaho, an advocacy group, is undeterred, seeking to introduce medical cannabis in the state. In Idaho, where no ...
Ohio Governor and Health Officials Voice Opposition to Cannabis Legalization
LOS ANGELES — As Ohio inches closer to a potential shift in its stance on adult-use cannabis, significant opposition emerges from top state officials. Last week, Governor Mike DeWine (R) expressed his dissent, stating to ...
Quebec’s Cannabis Retail Landscape: The Struggles and Future Possibilities
TORONTO — While corner shops selling recreational cannabis have become a familiar sight in most major Canadian cities since its legalization five years ago, the landscape appears significantly different in Quebec. Toronto, Canada’s largest city, ...
New Mexico Appoints Colorado Cannabis Expert to Lead Regulatory Division
LOS ANGELES—In a move reflecting the growing significance of the cannabis industry in the Southwest, New Mexico's Cannabis Control Division has named Todd Stevens, a seasoned professional from Colorado's expansive cannabis market, as its next ...
Tilray Brands Expands into Alcoholic and Cannabis Beverages with Major Acquisitions
NEW YORK-- In a strategic move to diversify its portfolio, Tilray Brands, one of the world's largest cannabis companies, is broadening its reach into the alcoholic and cannabis beverage sectors. The company has recently announced ...
Filament Health Refiles Q2 Financial Results
LOS ANGELES-- Filament Health Corp. has refiled its second-quarter financial results for the period ending June 30, 2023, following an initial filing on May 12, 2023. The revision was necessitated by changes in the accounting ...
Greenlight Expands Cannabis Operations with New Acquisitions
LOS ANGELES-- In a significant move within the burgeoning cannabis industry, multistate operator Greenlight announced on Monday its acquisition of an operating recreational and medical dispensary in Las Vegas and an 18,000-square-foot cultivation facility in ...
Women Leaders In Cannabis Gather in San Diego for BLUNT BRUNCH
SAN DIEGO-Women leaders in cannabis recently gathered for the Blunt Brunch networking series, held this time in sunny San Diego. The event showcased attendees seen here preparing for a group photo in this short video ...
COMPASS Pathways Secures $285 Million in Private Funding
LONDON, England–COMPASS Pathways plc, (Nasdaq: CMPS) a London-based company listed on Nasdaq under the ticker CMPS, announced it has successfully secured $285 million in private funding. This funding is intended to advance the company's efforts ...
Organigram Holdings Secures Supply Agreement for UK Medical Cannabis Market
LOS ANGELES — Organigram Holdings, a Canadian licensed producer, has entered into a supply agreement with 4C Labs, a UK-based medical cannabis cultivator and digital healthcare provider. The partnership aims to provide dried medical cannabis ...
Missouri’s Cannabis Programs Under Audit for Accountability and Transparency
LOS ANGELES-- Missouri's Auditor, Scott Fitzpatrick, has initiated a comprehensive investigation into the state's medical and adult-use cannabis programs. The probe, as reported by KCTV, aims to ensure that these programs are operating within legal ...
COMPASS Pathways Announces Up to $285 Million Private Placement Financing
LONDON, UK-- COMPASS Pathways plc (CMPS), a biotechnology company dedicated to accelerating patient access to evidence-based innovation in mental health, today announced that it has entered into a securities purchase agreement with a select group ...
COMPASS Pathways Q2 2023 Financial Analysis
LOS ANGELES-- COMPASS Pathways, a biotech firm in the psychedelic medicine sector, has been under the spotlight since its inception. This year, the company's trajectory remains robust, as evidenced by its recent financial report and ...
Hydrofarm Holdings Group Reports Q2 2023 Financial Results
LOS ANGELES— Hydrofarm Holdings Group, Inc. an independent manufacturer and distributor of hydroponics equipment and supplies for controlled environment agriculture, unveiled its financial results for the second quarter Key Takeaways from Q2 2023: Net Sales: ...
US Cannabis Operator Tilt Holdings Delists Social Equity Brands
NEW YORK- Black Buddha Cannabis, a brand founded by Roz McCarthy, who also serves as the CEO of Minorities for Medical Marijuana Inc., has unexpectedly found itself severed from its partnership with Tilt Holdings (NEO: ...
CBD, Hemp, Medical Cannabis? Navigating Texas’ Evolving Cannabis Landscape
AUSTIN-Cannabis and hemp, derived from the same plant, can be hard to tell apart by sight or smell. But their legal paths are quite different: hemp is legal, while cannabis is still illegal. In 2019, ...
Florida Lawmakers Consider Revisiting THC Limits in Hemp Products in 2024
LOS ANGELES — Florida's hemp industry, which was previously alarmed by a proposal to set limits on THC in hemp-derived products, may need to brace itself again. Lawmakers behind the shelved proposal indicated Wednesday they might ...
WM Technology Announces Q2 2023 Financial Results and Projects Q3 Performance
NEW YORK — WM Technology, Inc., a technology and software infrastructure provider for the cannabis industry, released its Q2 2023 financial results, showing certain key shifts in their business performance. Doug Francis, Executive Chair of ...
Missouri Auditor Launches Probe into State’s Cannabis Programs
NEW YORK-- Scott Fitzpatrick, the Missouri State Auditor, has initiated a comprehensive investigation into the state’s adult-use and medical cannabis programs. This move aims to ensure the adherence of these programs to legal standards, KCTV ...
Curaleaf Holdings Inc. Reports Q2 2023
NEW YORK — Curaleaf Holdings Inc., a global provider of consumer cannabis products, has released its Q2 2023 financial results. The company has reported a 4% year-over-year revenue growth, totaling $339 million, amidst a dynamic ...
Neptune Wellness Solutions Posts Q1 2024 Financial Results
NEW YORK - Neptune Wellness Solutions Inc. a consumer-packaged goods company emphasizing plant-based and sustainable lifestyle brands, reported its financial and operational results for the quarter ending June 30, 2023. Key takeaways from the report ...
AFC Gamma Reports Q2 Earnings and Dividend Declaration for 2023
LOS ANGELES– Financial services provider, AFC Gamma, Inc. revealed its financial performance for the quarter ending June 30, 2023, in an announcement made today. The company reported a GAAP (generally accepted accounting principles) net income ...
California Moves Forward with Psychedelics Legalization Bill
LOS ANGELES – A legislative proposal to legalize the possession and supervised use of specific psychedelics in California has advanced another step toward a final committee vote in the Assembly, positioning it closer to potentially ...
