Case Studies
The Bipartisan HEMP Act Targets Federal Rules for Hemp-Derived CBD
WASHINGTON – Representatives Morgan Griffith, a Republican from Virginia, and ...
Verano Launches Dispensary in Restored Ohio Train Depot
CHICAGO – Verano Holdings Corp. marked another step in its Ohio operations with the announcement of a grand opening for its Zen Leaf dispensary in Antwerp, a small village in northwest Ohio. The site, set ...
Glass House Brands Marks Milestone as First U.S. Cannabis Stock Tradable on Robinhood
LOS ANGELES – Glass House Brands Inc. began trading on the Robinhood app this week, opening the door for a broader swath of retail investors to access shares in a vertically integrated multistate Cannabis operator. ...
Cannabis Industry Eyes Quadrupled Growth Through 2033, Research and Markets Reports
LOS ANGELES – A new report from Research and Markets forecasts the global Cannabis market will expand from $39.1 billion in 2024 to $151.72 billion by 2033, reflecting a compound annual growth rate (CAGR) of ...
Cannabis Real Estate Trends: What’s Selling Right Now
LOS ANGELES- The Cannabis industry continues to evolve at a rapid pace — but one thing remains constant: real estate is the foundation of every successful Cannabis business. The right property doesn’t just house operations; ...
HBA Pushes for Regulatory Framework on Hemp-Derived THC Beverages in Pennsylvania
HARRISBURG – The Hemp Beverage Alliance (HBA), a trade group with close to 400 members in the United States, Canada and the United Kingdom, has launched an initiative to set up guidelines for hemp-derived THC ...
Morocco Approves Licenses for 67 Cannabis-Based Products
RABAT – Moroccan regulators have cleared 67 Cannabis-derived products, signaling steady progress in the country's push toward a structured legal framework for the plant. The batch includes 26 cosmetic items and 41 dietary supplements, each ...
LSD Shows Promise in Prolonged Reduction of Anxiety Symptoms
LOS ANGELES – A recent study published in the Journal of the American Medical Association (JAMA) on September 4, suggests that a single dose of lysergic acid diethylamide (LSD) may significantly reduce symptoms of generalized ...
Verano Launches Dispensary in Restored Ohio Train Depot
CHICAGO – Verano Holdings Corp. marked another step in its Ohio operations with the announcement of a grand opening for its Zen Leaf dispensary in Antwerp, a small village in northwest Ohio. The site, set ...
Glass House Brands Marks Milestone as First U.S. Cannabis Stock Tradable on Robinhood
LOS ANGELES – Glass House Brands Inc. began trading on the Robinhood app this week, opening the door for a broader swath of retail investors to access shares in a vertically integrated multistate Cannabis operator. ...
Cannabis Industry Eyes Quadrupled Growth Through 2033, Research and Markets Reports
LOS ANGELES – A new report from Research and Markets forecasts the global Cannabis market will expand from $39.1 billion in 2024 to $151.72 billion by 2033, reflecting a compound annual growth rate (CAGR) of ...
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 ...
Goodness Growth Holdings Poised for New York Market Exit Amid Financial Turnaround
NEW YORK— Goodness Growth Holdings Inc, a cannabis company, is navigating a challenging financial landscape with a firm goal to exit the New York market by the end of the year. The Minnesota-based multistate operator, ...
Massachusetts Governor Introduces Veteran-Focused Legislation Including Psychedelic Research
BOSTON — In a landmark move, Massachusetts Governor Maura T. Healey has filed a comprehensive legislative package aimed at enhancing benefits and services for the state's military veterans. Dubbed the Act Honoring, Empowering and Recognizing Our ...
Red Light Holland’s Psilocybin Capsules Prove Stable in Extended Testing, Eyeing Global Markets
LOS ANGELES- Red Light Holland Corp., has announced significant advancements in their natural psilocybin microdosing capsules. Developed from psilocybin truffles grown on the company’s farm in the Netherlands, these capsules have successfully passed a four-month ...
Missouri Clears Nearly 100,000 Cannabis Convictions, Embracing Historic Reform and Justice
LOS ANGELES- Missouri has made significant strides in criminal justice reform related to cannabis, as reported by KMBC 9. Following the approval of an adult-use cannabis constitutional amendment by voters last year, the state has ...
Glass House Brands Inc. Record in Q3 2023
LOS ANGELES- Glass House Brands Inc., a player in the cannabis industry, announced its financial achievements for the third quarter ending September 30, 2023, marking a period of substantial growth and operational efficiency. "The third ...
