Case Studies
Tilray Brands Reports Fiscal Q1 2026 Earnings
NEW YORK – Tilray Brands Inc. swung to a profit ...
Morocco Approves Licenses for 67 Cannabis-Based Products
RABAT – Moroccan regulators have cleared 67 Cannabis-derived products, signaling ...
LSD Shows Promise in Prolonged Reduction of Anxiety Symptoms
LOS ANGELES – A recent study published in the Journal ...
Hemp Fiber Market Set to Soar to $30 Billion by 2033, New Analysis Reveals
LOS ANGELES – The global hemp fiber market is poised for explosive growth, with a recent analysis forecasting a valuation exceeding $30 billion by 2033. According to a report by Astute Analytica, the market, valued ...
Turkish Parliament Legalizes Medical Cannabis Sales
ANKARA – In a pivotal decision, the Turkish Parliament has passed a groundbreaking law establishing the controlled sale of low-THC medical cannabis products in licensed pharmacies, representing a transformative shift in the nation's healthcare system. ...
ANALYSIS: Germany’s Dual Medical Cannabis Market: A Tale of Two Systems
BERLIN- Since legalizing medical cannabis in 2017, Germany has built one of Europe’s most advanced frameworks for patient access. But today, two distinct markets dominate the scene: the slower-growing, regulated reimbursed segment and the dynamic, ...
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 Ministry of Health (MoH) and relevant ethics boards to expand its ongoing Phase 2b SUMMIT‑90 clinical trial assessing macrodose psilocybin therapy (APEX‑90) for post-traumatic stress disorder ...
Ohio’s Cannabis Revenue Trends Offer Strategic Guide for Pennsylvania
LOS ANGELES- As Pennsylvania moves closer to legalizing adult-use cannabis, Ohio’s first-year revenue data and regulatory experiences offer critical insights. Since launching sales in August 2024, Ohio has generated approximately $540 million in cannabis revenue ...
Rose Hill Apothecary Completes First Research-Grade Psilocybin Export to Brazil
LOS ANGELES- Rose Hill Apothecary, the research-grade psilocybin arm of Rose Hill Life Sciences, has executed its inaugural international export deal, shipping 18 kilograms of dried psilocybin-containing mushrooms to Biocase Brasil Importação e Comércio de ...
Emerging Programs Aim to Democratize Cannabis Cultivation
LOS ANGELES- Governments, industry groups, and educational institutions are launching a wave of initiatives aimed at lowering barriers to entry in cannabis cultivation and production—efforts collectively referred to as “democratizing cannabis production.” These programs focus ...
Hemp Fiber Market Set to Soar to $30 Billion by 2033, New Analysis Reveals
LOS ANGELES – The global hemp fiber market is poised for explosive growth, with a recent analysis forecasting a valuation exceeding $30 billion by 2033. According to a report by Astute Analytica, the market, valued ...
Turkish Parliament Legalizes Medical Cannabis Sales
ANKARA – In a pivotal decision, the Turkish Parliament has passed a groundbreaking law establishing the controlled sale of low-THC medical cannabis products in licensed pharmacies, representing a transformative shift in the nation's healthcare system. ...
ANALYSIS: Germany’s Dual Medical Cannabis Market: A Tale of Two Systems
BERLIN- Since legalizing medical cannabis in 2017, Germany has built one of Europe’s most advanced frameworks for patient access. But today, two distinct markets dominate the scene: the slower-growing, regulated reimbursed segment and the dynamic, ...
Oklahoma Bureau of Narcotics Targets Illicit Cannabis Farms to Protect Legitimate Medical Businesses
LOS ANGELES — Over the past two years, the Oklahoma Bureau of Narcotics (OBN) has initiated aggressive enforcement actions, resulting in the shutdown of over 800 illegitimate cannabis farms that were operating under the pretense ...
Florida Governor Ron DeSantis Shares Views on Cannabis Legalization Amid Presidential Aspirations
LOS ANGELES— Florida Governor Ron DeSantis, perceived by many as a strong GOP contender against Donald Trump for the 2024 presidential nomination, voiced strong concerns about the legalization of cannabis during an Iowa campaign stop ...
UK’s Home Office Delay in CBD Regulatory Framework Draws Criticism from Industry Trade Group
LONDON — The Association of the Cannabinoid Industry (ACI), a key trade group in the United Kingdom, has voiced its concerns over the prolonged delay by the country's Home Office in establishing a clear regulatory ...
Detroit Businessman Pleads Guilty in Cannabis Licensing Bribery Case
DETROIT — John Dawood Dalaly, a prominent businessman from the Detroit area, has pleaded guilty to bribing a leading state cannabis regulator, seeking approval for dispensary licenses. Federal prosecutors have recommended that Dalaly face a ...
New York’s Cannabis Licensing Controversy: A Deeper Look
NEW YORK-- In a surprise turn of events, New York's journey to cannabis legalization faced a significant speed bump. A recent decision by a New York Supreme Court Judge has thrown the state's budding cannabis ...
Major Shift in U.S. Cannabis Policy on the Horizon
LOS ANGELES-- On Monday, the U.S. Department of Health and Human Services under the Joe Biden administration formally recommended to its counterparts at the Department of Justice that cannabis be moved lower on the list ...
The Bahamas Moves to Establish Medical Cannabis Industry
LOS ANGELES— In a pivotal stride toward diversifying its economy, The Bahamas has rolled out a comprehensive package of 11 legislative bills, aiming to decriminalize cannabis for medical, research, and religious uses. This move establishes ...
The Promise and Potential of Psilocybin
LOS ANGELES-- The rapid emergence of research into the potential therapeutic benefits of psilocybin, a naturally occurring psychedelic compound found in certain mushrooms, has brought with it new hope for individuals struggling with various mental ...
U.S. Health Department Urges Easing Rules on Cannabis, Citing Health Benefits
WASHINGTON, D.C. –In a recent development, the U.S. Department of Health and Human Services (HHS) has proposed a relaxation of regulations surrounding cannabis, according to a report from Bloomberg News. The move comes as part ...
Nebraska Governor Rejects Proposed Changes to Law Enforcement’s Cannabis Usage Rules
LOS ANGELES— A proposal aimed at reducing the time frame that law enforcement officer recruits in Nebraska must abstain from cannabis use prior to training has been vetoed by Governor Jim Pillen. The measure sought ...
Cybin Acquires U.K.-Based Small Pharma Amid Emerging Trends in Psychedelics Industry
NEW YORK — In what could be described as the burgeoning movements within the psychedelics sector, Cybin , a clinical-stage biopharmaceutical firm, has announced its intention to acquire U.K.'s Small Pharma. This move sparks dialogue ...
Irwin Naturals Posts Loss Amid New Ventures in Psychedelics and Cannabis
LOS ANGELES-- Despite its bold moves and positive undertones about future prospects, Irwin Naturals' shift towards psychedelics and its increased commitment to the cannabis sector isn't devoid of challenges. Regulatory uncertainty, intense competition, and a ...
Planet 13’s Strategic Move: Acquires VidaCann to Boost its Footprint in Florida
LAS VEGAS, NV — In a strategic move to bolster its presence in the booming Florida cannabis market, multi-state vertically integrated cannabis company, Planet 13 Holdings Inc., announced a membership interest purchase agreement to take ...
PharmaCielo Ltd. Reports Q2 2023 Financial Results
TORONTO — PharmaCielo Ltd., a figure in the cannabis industry based out of Canada and holding substantial operations in Colombia via PharmaCielo Colombia Holdings S.A.S., revealed its financial results for the quarter concluding on June ...
Canadian Cannabis Companies Rethink U.S. Hemp Market Strategy
NEW YORK-- Canadian cannabis titans have long eyed the American hemp-derived CBD market as a golden opportunity, particularly following the legalization of low-THC hemp in the 2018 U.S. Farm Bill. But as enthusiasm for cannabis ...
Cannabis Infused Products Boost Minnesota’s Tax Revenue
LOS ANGELES-- The state of Minnesota has experienced a significant increase in tax revenue following the legalization of cannabis-infused products such as gummies and beverages. A recent report from the state Department of Revenue, as ...
Evolving Cannabis Retail Landscape Sees Shifts in Billion-Dollar State Markets
LOS ANGELES — The U.S. cannabis industry, still in its nascent stages, witnessed notable shifts in 2023 with a projected reduction in states reaching the billion-dollar mark in retail sales, according to a comprehensive report ...
Michigan’s Cannabis Industry Sees Robust Growth, Generating Billions in Sales
LOS ANGELES-- In a remarkable testament to the growth potential of regulated markets, Michigan's cannabis industry has burgeoned into a financial powerhouse, with sales reaching multi-billion dollar figures. Recent data sheds light on a sector ...
Planet 13 Holdings Announce Florida Expansion Plans with $50 Million Acquisition of VidaCann
Planet 13 Holdings, based in Las Vegas, has unveiled a substantial $48.9 million agreement to acquire the comprehensive cannabis enterprise of VidaCann, a Florida-based company. This acquisition encompasses a network of 26 medical cannabis dispensaries, ...
Missouri Adjusts Cannabis Regulations for Foster Parents
LOS ANGELES-- In a significant policy move, Missouri's Department of Social Services has allowed foster parents in the state to legally possess and cultivate cannabis. The emergency rule, put in place last week, aligns the ...
Declining Prices Boost Cannabis Sales in British Columbia
LOS ANGELES — As cannabis prices in British Columbia continue their descent, the province is experiencing a boom in sales, according to the latest wholesale quarterly report covering April to June 2023. Released data offers ...
Ohio Set to Decide on Adult-Use Cannabis Legalization this November
LOS ANGELES-– Ohioans will have the chance to make their state the 24th in the U.S. to authorize adult-use cannabis, after state officials greenlit ballot language for a November vote. The Ohio Ballot Board, comprising ...
Texas Cities Pivot Toward Cannabis Decriminalization Amidst Statewide Stalemate
LOS ANGELES — Several Texas cities, in a progressive stride, are taking individual steps toward decriminalizing cannabis possession, a move seen as a response to the state Senate's reluctance to pass a House-endorsed bill centered ...
Swiss Pilot Program Explores Regulated Cannabis Sales
ZURICH — In an innovative exploration of the cannabis market, Switzerland has launched a pilot program named “Züri Can – Cannabis with Responsibility.” The program, which began on August 22, will be a three-year study ...
New Guidelines Published for Psychedelic-Assisted Therapy
LOS ANGELES-- In a landmark move, the American Psychedelic Practitioners Association (APPA) and BrainFutures have released what's being heralded as the first set of professional practice guidelines for psychedelic-assisted therapy. This step comes at a ...
