Case Studies
Aurora Cannabis Reports Q1 FY 2027 Financial Results
EDMONTON – Aurora Cannabis Inc. released its first-quarter fiscal 2027 ...
Aurora Cannabis Reports FY and Fiscal Q4 2026 Financial Results
EDMONTON – Aurora Cannabis Inc. reported its financial and operational ...
Optimi Ships Psilocybin to the UK for Phase 2 Trial
VANCOUVER – Optimi Health Corp. announced it has completed its ...
Five Years After Legalization, Virginia Still Isn’t Ready—But It’s Getting Closer
Virginia’s Cannabis market has been “legal” on paper for years. In practice, it’s been stuck in neutral—possession allowed, but no regulated retail system to match it. That may finally be shifting. The latest move out ...
Tilray Acquires Lyphe Group, Expands UK Medical Cannabis Reach
LONDON – Tilray Brands Inc. has acquired the Lyphe Group, a British operator of online medical Cannabis clinics and a digital pharmacy platform. The deal adds a network that has treated more than 16,000 patients ...
Compass Pathways Opens U.S. Grant Program for Psychedelic Therapy Training
NEW YORK – Compass Pathways PLC ADR announced a new grant program inviting U.S.-based organizations to develop training content for healthcare providers who could deliver its investigational COMP360 psilocybin treatment if regulators approve it. The ...
TerrAscend Reports Q4 and FY 2025 Financial Results
TORONTO – In an industry still wrestling with persistent pricing compression, TerrAscend Corp. managed to hold the line on profitability while posting modest sequential growth in its latest quarter. The company released its financial results, ...
Michigan Cannabis Sales Hit $3.17B in 2025, First Annual Decline Since Legalization
LANSING – Michigan consumers purchased $3.17 billion in recreational Cannabis products in 2025, the Cannabis Regulatory Agency (CRA) reported, marking the first year-over-year drop in total sales revenue since the state began adult-use retail operations ...
MariMed Reports Q4 and FY 2025 Financial Results
NORWOOD – MariMed Inc. released its fourth-quarter and full-year 2025 financial results, reporting a modest revenue increase that reflects the company’s focus on branded wholesale gains in an environment of sustained margin compression across multiple ...
Verano Reports Q4 and FY 2025 Financial Results
CHICAGO – Verano Holdings Corp. released its financial results for the fourth quarter and full year ended December 31, 2025, showing sequential revenue growth and improved gross margins in the final three months but a ...
Five Years After Legalization, Virginia Still Isn’t Ready—But It’s Getting Closer
Virginia’s Cannabis market has been “legal” on paper for years. In practice, it’s been stuck in neutral—possession allowed, but no regulated retail system to match it. That may finally be shifting. The latest move out ...
Tilray Acquires Lyphe Group, Expands UK Medical Cannabis Reach
LONDON – Tilray Brands Inc. has acquired the Lyphe Group, a British operator of online medical Cannabis clinics and a digital pharmacy platform. The deal adds a network that has treated more than 16,000 patients ...
Compass Pathways Opens U.S. Grant Program for Psychedelic Therapy Training
NEW YORK – Compass Pathways PLC ADR announced a new grant program inviting U.S.-based organizations to develop training content for healthcare providers who could deliver its investigational COMP360 psilocybin treatment if regulators approve it. The ...
DEA Proposes Increased Production Quotas for Cannabis and Psychedelics
LOS ANGELES- In a significant policy shift, the Drug Enforcement Administration (DEA) has proposed substantial increases in the production quotas for cannabis and various psychedelics for 2024. This move reflects a growing recognition of the ...
Numinus Wellness Inc. Announces First Quarter Fiscal 2024
NEW YORK – Numinus Wellness Inc. a mental health care emphasizing psychedelic-assisted therapies, has released its financial figures for the first quarter of fiscal year 2024, ending November 30, 2023. The results reveal a nuanced ...
Rhode Island Explores Psilocybin Reform with a New Legislative Proposal
NEW TORK- In a significant legislative move, Rhode Island Representative Brandon Potter (D) has introduced a bill aimed at reforming the state's approach to psilocybin, the active compound in "magic mushrooms." The bill, H 7047, ...
Michigan’s Cannabis Industry Soars, Surpassing the GDP of 51 Nations in 2023
LOS ANGELES— Michigan's cannabis industry closed 2023 on a high, establishing itself as a national leader in cannabis sales. The state's robust cannabis market sold nearly $3.06 billion worth of medical and adult-use cannabis last ...
Canadian Cannabis Market Updates: A New Regulatory Shift in Ontario’s Cannabis Retail Landscape
TORONTO- Announced on November 30 and implemented on January 1, Ontario's cannabis market witnessed a significant policy change, allowing one company to operate up to 150 recreational cannabis stores—a notable increase from the previous cap ...
Pentagon Responds to Rising Overdose Deaths with New Drug Policy Initiatives
LOS ANGELES- In an unprecedented move, the Department of Defense is set to implement a new policy in 2024 to address the escalating issue of drug overdoses within the United States military. This initiative, prompted ...
Federal Scientists Advocate for Reclassifying Cannabis to Schedule III
LOS ANGELES-In a significant shift in federal policy, scientists from the Health and Human Services (HHS) have recommended reclassifying cannabis from a Schedule I to a Schedule III substance, as revealed in recently unredacted documents. ...
Exploring Cannabinoids as a Potential Treatment Avenue for COVID-19 and Long-COVID
LOS ANGELES- In a groundbreaking development in the ongoing battle against COVID-19, a team of Canadian researchers has presented a comprehensive review that suggests a potential therapeutic role for cannabinoids. The study, entitled “Cannabinoids and ...
Belgium’s Drug Policy Reform: A Deliberate Move Toward Decriminalization Inspired by Portugal’s Model
BRUSSELS- Belgium is currently considering significant reforms in its drug policy, a move inspired by Portugal’s successful decriminalization model. Ine Van Wymersch, Belgium’s National Drug Commissioner and a former prosecutor, is advocating for the decriminalization of ...
California Cannabis Regulators Issue Health-Related Recalls on Products
LOS ANGELES- In a statement released on Wednesday, the DCC outlined the details of two separate recalls involving cannabis products. The recalls underscore ongoing regulatory vigilance in the burgeoning cannabis industry, particularly in California, a ...
New York Cannabis Control Board Approves Two More Operators for Recreational Market
NEW YORK — In a remarkably swift meeting on Friday, the New York Cannabis Control Board (CCB) made a significant decision, approving the transition of two additional multi-state operators (MSOs) from the medical to the ...
PSYC Corporation CEO Addresses Company Challenges and Future in Detailed Podcast Update
NEW YORK — PSYC Corporation , the parent company of Spotlight Media Corporation (SMC), a leader in media for emerging sectors like medicinal psychedelics, recently released a video podcast featuring CEO David Flores. The podcast, ...
Czech Republic Unveils Compromise Cannabis Regulation Draft Amid Diverse Political Views
PRAGUE— The Czech government recently released its anticipated draft regulations for cannabis cultivation and consumption on January 10, marking a significant, albeit tentative, step in cannabis policy reform. This draft, described as a "compromise version" ...
Washington D.C. Tightens Grip on Unlicensed Cannabis Gifting Shops with New Penalties
WASHINGTON — The Washington, D.C. District Council, in a decisive move, approved a measure on Tuesday to impose new penalties on unlicensed cannabis gifting shops. This bill, potentially effective this week, aims to regulate these ...
Thailand’s Backpedal on Cannabis: New Bill to Ban Recreational Use Amid Regulatory Challenges
WORLD- Thailand's journey with cannabis legalization has taken a sharp turn as the government proposes new regulations to curb what it perceives as unintended recreational use. A draft bill, introduced on January 9, aims to ...
Maine’s Cannabis Market Hits Record Highs
LOS ANGELES- The cannabis industry in Maine achieved a remarkable milestone in 2023, with retail revenues surpassing $200 million, despite a challenging backdrop of declining prices that have troubled operators. This surge represents a significant ...
Florida’s New Bill Proposes Limiting THC Potency
LOS ANGELES- In a significant move within the cannabis legislative landscape, Florida Representative Ralph Massullo introduced House Bill 1269, which proposes stringent limitations on THC potency in cannabis products. This bill, introduced on January 5 ...
VA to Explore Psychedelics for PTSD and Depression
LOS ANGELES- In a groundbreaking move, the Department of Veterans Affairs (VA) is funding research into the therapeutic potential of psychedelics for treating mental health conditions like post-traumatic stress disorder (PTSD) and depression in veterans. ...
Maine’s Booming Cannabis Market Faces Challenges Amid Falling Prices
LOS ANGELES— Maine's regulated adult-use cannabis industry recorded over $200 million in sales in 2023, marking a significant 36% increase from the previous year. Despite these robust figures, released by the state Office of Cannabis ...
DEA Clarifies Legality of Psychedelic Mushroom Spores, Highlighting Regulatory Complexities
WASHINGTON, D.C. — The U.S. Drug Enforcement Administration (DEA) recently provided a crucial clarification on the legal status of psychedelic mushroom spores. According to a statement from Terrence Boos, Chief of the DEA's Drug and ...
West Virginia Eyes Cannabis Legalization in Fight Against Fentanyl Crisis
NEW YORK— As West Virginia's legislative session unfolds, the topics of cannabis legalization and the fentanyl crisis are taking center stage. Senate President Craig Blair, speaking at a press event on January 5, indicated that ...
Over 2.3 Million Cannabis Convictions Pardoned in U.S. Since 2018
LOS ANGELES- In a significant move towards criminal justice reform, U.S. state courts have pardoned or expunged over 2.3 million cannabis-related convictions since 2018, with about half a million cases resolved in the last year ...
Ohio Governor Advocates for Ban on Intoxicating Hemp Products Amid Cannabis Regulation Efforts
LOS ANGELES— Ohio Governor Mike DeWine has urged state legislators to ban hemp-derived cannabinoids, including delta-8 THC, citing potential risks to children. The call for legislative action comes as Ohio prepares to navigate the complexities ...
Florida Bill Proposes THC Limits in Cannabis Amid Legalization Debates
LOS ANGELES- In a move that could significantly impact the cannabis industry in Florida, State Representative Ralph Massullo has introduced a bill proposing to limit the potency of THC in cannabis products. This legislative effort ...
Canopy Growth Secures US$30 Million in Private Placement to Bolster Liquidity and Reduce Debt
NEW YORK – In a significant move to strengthen its financial position, Canopy Growth Corporation, a leading North American cannabis and consumer packaged goods company, has announced a major private placement offering. On January 9, ...
