Case Studies
Viridian Reports a Substantial Increase in Cannabis M&A Deals
LOS ANGELES – Merger and acquisition (M&A) activity in the ...
Why Metabolic Dysfunction May Be the Next Frontier for Cannabinoid Medicine
NEW YORK- Metabolism is the system that determines how the ...
Cresco Labs Reports Q1 2026 Financial Results
CHICAGO – Cresco Labs Inc. released its first-quarter results, showcasing ...
Bipartisan Bill to Delay Hemp Ban Gains 36 Congressional Sponsors
WASHINGTON – Bipartisan legislation to postpone tightened federal rules on hemp products has now secured backing from 36 lawmakers across both chambers of Congress. The Hemp Planting Predictability Act would extend the effective date of ...
PharmaCann to Shut Down its Denver Cannabis Grow Facility
DENVER – Chicago-based PharmaCann Inc., one of the largest privately held and vertically integrated Cannabis companies in the United States, has notified Colorado officials that it will permanently [?] close its major cultivation site in ...
South Carolina Senate Approves Bill to Keep Hemp THC Drinks and Gummies Legal
COLUMBIA – The South Carolina Senate voted 35-4 to advance a bill that would maintain legal access to hemp-derived THC beverages and gummies for adults while setting strict caps on potency and sales channels. The ...
Compass Pathways Advances in Second Phase 3 Trial for Psilocybin-Assisted TRD
LONDON – Compass Pathways PLC ADR, a UK-based mental health biotech company, announced that its second Phase 3 trial met the primary endpoint in evaluating COMP360, a synthetic formulation of psilocybin, for treatment-resistant depression (TRD). ...
350 Retail Cap and Tier V Cultivation Limits: What Virginia’s Scarcity Model Means for License Strategy
RICHMOND- Virginia’s adult-use design is built on scarcity and structural oversight. The 350 retail cap materially limits market density, shaping site selection and long-term valuation models. Tier V cultivation remains limited to five large operators. ...
Virginia Adult-Use Applications Expected in 2026: Operators Should Begin Structuring Now
NEW YORK- Virginia’s adult-use Cannabis legislation is now in reconciliation after both the House (HB 642) and Senate (SB 542) advanced competing sales frameworks. For operators, the question is no longer whether retail will launch—but ...
SAM in Action: How Dark Money Fuels Prohibitionists Attacks
LOS ANGELES – A noticeable uptick in anti-Cannabis content has appeared on social platforms lately, flooding threads with posts on scromiting, schizophrenia, psychosis risks, outdated research, recycled study headlines, and new ballot proposals surfacing in ...
Bipartisan Bill to Delay Hemp Ban Gains 36 Congressional Sponsors
WASHINGTON – Bipartisan legislation to postpone tightened federal rules on hemp products has now secured backing from 36 lawmakers across both chambers of Congress. The Hemp Planting Predictability Act would extend the effective date of ...
PharmaCann to Shut Down its Denver Cannabis Grow Facility
DENVER – Chicago-based PharmaCann Inc., one of the largest privately held and vertically integrated Cannabis companies in the United States, has notified Colorado officials that it will permanently [?] close its major cultivation site in ...
South Carolina Senate Approves Bill to Keep Hemp THC Drinks and Gummies Legal
COLUMBIA – The South Carolina Senate voted 35-4 to advance a bill that would maintain legal access to hemp-derived THC beverages and gummies for adults while setting strict caps on potency and sales channels. The ...
Georgia Seeks $150 Million in Damages in Federal Lawsuit Against Cannabis Brands
NEW YORK- In a significant legal challenge within the cannabis industry, the state of Georgia has initiated a federal lawsuit against prominent California-based cannabis brands STIIIZY and Cookies, along with several other entities. The suit ...
South Carolina Senate Approves Conservative Medical Cannabis Bill
LOS ANGELES- In a pivotal move for medical cannabis legislation, the South Carolina Senate has passed a bill aimed at legalizing medical cannabis for individuals with certain serious health conditions. This decision marks a significant ...
Florida Advances Bill to Restrict Hemp-Derived Cannabinoids
LOS ANGELES- A significant legislative development occurred in Florida on Monday as a House legislative subcommittee moved forward with a bill aimed at regulating psychoactive hemp-derived cannabinoids, including Delta 8 and Delta 10 THC. House ...
U.S. Navy and Air Force Adapt Recruitment Policies to Reflect Societal Changes on Cannabis Use
LOS ANGELES- In a landmark shift reflecting broader societal and legal changes, the U.S. Navy has announced a significant adjustment to its recruitment policies regarding cannabis use. This policy modification, aimed at recruits who initially ...
U.S. Virgin Islands Sets Stage for Adult-Use Cannabis Market
LOS ANGELES- In a significant move for the U.S. Virgin Islands, the territory's Cannabis Board sanctioned a comprehensive set of rules and regulations for the adult-use cannabis sector on Tuesday, marking a pivotal advancement since ...
South Carolina Implements Strict Regulations on Hemp in Food and Beverages
LOS ANGELES- In a significant regulatory move, South Carolina has announced stringent restrictions on the inclusion of hemp-derived ingredients in food and beverage products, permitting only hemp seeds and their derivatives. This decision marks a ...
Cybin Inc. Reports Psychedelic Treatments and Financial Growth in Q3
LOS ANGELES- Cybin Inc., a development of next-generation psychedelic treatments for mental health disorders, today unveiled its unaudited financial outcomes for the third quarter ending December 31, 2023, alongside key business achievements. This period has ...
New Mexico Embraces Drive-Thru Cannabis Dispensaries
LOS ANGELES- In a pivotal decision reflecting the evolving landscape of cannabis commerce, New Mexico has chosen to endorse the operation of drive-thru cannabis dispensaries, a move that underscores the state's commitment to convenience and ...
California’s Proposed Bill Aims to Integrate Hemp Products into Cannabis Market
LOS ANGELES- In an effort to further regulate the cannabis industry, California lawmakers have introduced a draft bill that seeks to place hemp products under the same regulatory umbrella as cannabis. The proposed legislation, which ...
Pennsylvania’s Cannabis Market Poised for Expansion as Recreational Use Moves Closer to Reality
LOS ANGELES- Pennsylvania's cannabis industry is on the brink of a significant transformation as Governor Josh Shapiro pushes for the legalization of recreational marijuana use. In his recent budget address, the Democratic leader urged lawmakers ...
PharmaDrug Inc. Completes Private Placement to Bolster Corporate Initiatives
LOS ANGELES- a specialty pharmaceutical company, announce the successful completion of its previously disclosed non-brokered private placement, raising total gross proceeds of $326,000. In this offering, the company issued 6,520,000 units at a purchase price ...
Ohio Legislators Grapple with Implementing Changes to Adult-Use Cannabis Law
LOS ANGELES- In Ohio, the journey to fully implement adult-use cannabis legislation continues to encounter hurdles, despite the state's voters approving Issue 2 in November 2023. This initiative, which legalized recreational cannabis, came into effect ...
Michigan’s Cannabis Market Experiences Mixed Growth
LOS ANGELES- Michigan's cannabis industry has witnessed a varied growth pattern, with adult-use sales driving the market forward while medical cannabis sales face a significant decline. The state's cannabis sales increased by 17.1% compared to ...
Requesting a Private Letter Ruling
By Rachel Wright, Simon Menkes, & Abraham Finberg- CPAs licensed in California of AB FinWright LLP & 420CPA, and Andrew Gradman, Esq of Andrew Gradman Tax You may someday find yourself in a unique tax ...
Minnesota Mayor Arrested for Exceeding Legal Cannabis Cultivation Limits
NEW YORK- In an unexpected turn of events, the mayor of Winnebago, Minnesota, Scott Robertson, and his son Jacob Robertson, have been arrested for operating commercial-grade greenhouses to cultivate cannabis in quantities far exceeding the ...
Compass Pathways Launches Phase 3 Psilocybin Study in the UK for Treatment-Resistant Depression
Compass Pathways, a biotechnology firm at the forefront of mental health innovation, has initiated the UK segment of its global phase 3 study of COMP360 psilocybin therapy for treatment-resistant depression (TRD). This advancement, approved by ...
Massachusetts Lawmakers Advance Therapeutic Psilocybin Proposal
LOS ANGELES- In an effort to uphold its stringent stance against cannabis, Idaho legislators are deliberating on a new bill aimed at prohibiting advertisements for cannabis products, especially those coming from out-of-state businesses. This legislative ...
Thailand’s Cannabis Industry Faces Major Shift with New Draft Law
In a significant move that could reshape the cannabis landscape in Thailand, the government is preparing to introduce a draft law aimed at curbing the sale of cannabis for adult use and refocusing the burgeoning ...
Navigating the Complexities of Cannabis Payments: A Debit and Credit Card Conundrum
LOS ANGELES- In the rapidly expanding cannabis industry, where legality varies from state to state and the federal government maintains its stance against cannabis, the landscape of payment processing remains fraught with challenges. Among the ...
DEA Reinstates License for Pharma Giant Implicated in Opioid Crisis
LOS ANGELES- In a controversial decision, the Drug Enforcement Administration (DEA) has reinstated the operational license of Morris & Dickson, a pharmaceutical company previously implicated in the opioid crisis. This move comes less than a ...
Idaho Legislators Propose Bill to Ban Out-of-State Cannabis Advertisements
LOS ANGELES- In a move reflecting Idaho's staunch stance on cannabis prohibition, state legislators are deliberating on a bill aimed at curtailing advertisements for cannabis products from neighboring states where it is legal. The proposed ...
Virginia Navigates the Complex Path to Cannabis Legalization with New Legislation
NEW YORK- In the evolving landscape of cannabis legalization, Virginia has emerged as a pivotal battleground, illustrating the multifaceted journey towards establishing a regulated market. The state's House of Representatives has recently passed a bill ...
Red Light Holland Partners with PharmAla Biotech
NEW YORK- In a strategic move to bolster its North American presence, Red Light Holland a Toronto-based company, has entered into a significant consulting agreement with synthetic psychedelics manufacturer PharmAla Biotech Holdings Inc. The collaboration, ...
Unexpected 280E Dangers in Farm Service Management Arrangements- Part II
By Rachel Wright, Simon Menkes, & Abraham Finberg- CPAs licensed in California of AB FinWright LLP & 420CPA, and Andrew Gradman, Esq of Andrew Gradman Tax This is Part II of II of our series ...
Massachusetts Cannabis Sales Hit Record $1.56 Billion in 2023 Amid Industry and Regulatory Challenges
NEW YORK- In an unprecedented achievement for the Massachusetts cannabis market, dispensaries across the state reported a record-breaking $1.56 billion in sales in 2023. This milestone, as reported by the Cannabis Control Commission (CCC) and ...
