Case Studies
Michigan Cannabis Trade Group Challenges New 24% Wholesale Tax in Court
LANSING – Yesterday, hours after Gov. Gretchen Whitmer put her ...
Canadian Legal Cannabis Industry Contributes $16 Billion to GDP in 2024, Report Reveals
TORONTO – A new report from Organigram Global Inc., in ...
Cultivation Sector Outshines Modest Cannabis Capital Drop, Viridian Capital Advisors Reports
LOS ANGELES – Capital raising in the Cannabis industry has ...
MariMed Expands Access to Betty’s Eddies Chews to Medical Market in Maine
LOS ANGELES- MariMed Inc. has entered into a licensing agreement with The Stoned Moose, LLC, to distribute its full-spectrum Betty’s Eddies fruit chews in both adult-use and medical cannabis channels across Maine. Previously restricted to ...
Senate Panel Flags Misleading Cannabis Marketing, Backs Psychedelics Research
LOS ANGELES- The Senate Appropriations Committee released a report accompanying the 2026 agriculture and FDA spending bill that raises concerns over deceptive marketing in the cannabis sector while endorsing expanded federal support for psychedelics research. ...
McConnell Seeks to Close 2018 Hemp “Loophole” in Senate Funding Bill
LOS ANGELES- Senate Republican leader Mitch McConnell is advancing a provision in the FY 2026 agriculture appropriations bill aimed at revising the federal hemp definition to bar products containing any “quantifiable” amount of THC. The action ...
Ukraine Advances Medical Cannabis Access with Support from Soros-Affiliated NGOs
LOS ANGELES- Ukraine’s State Service for Medicines and Drug Control issued its first license for importing medical cannabis on June 2, 2025, following the enactment of a law in August 2024 that authorized the use ...
Trump Administration Proposes Elimination of Federal Protections for State Medical Cannabis Programs
LOS ANGELES- The Trump administration's fiscal year 2026 budget proposal includes the removal of a longstanding provision that prohibits the Department of Justice (DOJ) from using federal funds to interfere with state-legal medical cannabis programs. ...
Psychedelic Drugs Market Projects Significant Growth Through 2029
LOS ANGELES- The global psychedelic drugs market is projected to experience substantial growth, with estimates indicating an increase from $6.39 billion in 2025 to $11.93 billion by 2029, reflecting a compound annual growth rate (CAGR) ...
Village Farms Completes Divestiture of Fresh Produce Business to Focus on Cannabis
LOS ANGELES- Village Farms International Inc. has finalized the transaction to privatize its fresh produce operations, marking a strategic shift to concentrate on its cannabis ventures. The deal, completed on May 30, 2025, involves the ...
MariMed Expands Access to Betty’s Eddies Chews to Medical Market in Maine
LOS ANGELES- MariMed Inc. has entered into a licensing agreement with The Stoned Moose, LLC, to distribute its full-spectrum Betty’s Eddies fruit chews in both adult-use and medical cannabis channels across Maine. Previously restricted to ...
Senate Panel Flags Misleading Cannabis Marketing, Backs Psychedelics Research
LOS ANGELES- The Senate Appropriations Committee released a report accompanying the 2026 agriculture and FDA spending bill that raises concerns over deceptive marketing in the cannabis sector while endorsing expanded federal support for psychedelics research. ...
McConnell Seeks to Close 2018 Hemp “Loophole” in Senate Funding Bill
LOS ANGELES- Senate Republican leader Mitch McConnell is advancing a provision in the FY 2026 agriculture appropriations bill aimed at revising the federal hemp definition to bar products containing any “quantifiable” amount of THC. The action ...
Senator John Hickenlooper Refiles Bill to Lay Groundwork for Federal Cannabis Legalization
WASHINGTON — Senator John Hickenlooper (D-CO) has reintroduced a bill that seeks to pave the way for federal marijuana legalization. Titled the Preparing Regulators Effectively for a Post-Prohibition Adult-Use Regulated Environment Act (PREPARE) Act, the ...
Massachusetts Cannabis Regulator to Depart; Maryland Governor Appoints Health Experts
LOS ANGELES--Shawn Collins, the executive director of the Massachusetts Cannabis Control Commission, is reportedly set to resign from his position by the end of this year. Although Collins has not yet officially confirmed his departure, ...
Oklahoma Regulators Uncover Thousands of Untagged Cannabis Plants and Arrest Licensee
LOS ANGELES-- Oklahoma's medical cannabis industry faced a significant setback when regulators discovered approximately 4,000 untagged cannabis plants and over 630 pounds of untagged cannabis at a licensed grow facility. The discovery, made during an ...
Filament Health and Jupiter Acquisition Corp. Strike NASDAQ Deal for Psychedelics Advancement
LOS ANGELES-- Canadian clinical-stage natural psychedelics firm Filament Health has taken a significant step forward by signing a definitive agreement with Special Purpose Acquisition Company (SPAC) Jupiter Acquisition Corp. to establish a new public company ...
Minnesota’s Cannabis Legalization Takes Effect, Allowing Possession and Cultivation for Adults 21 and Older
MINNEAPOLIS — On Tuesday, Minnesota officially enacted its cannabis legalization law, granting adults aged 21 and older the right to possess and grow cannabis for personal use. This legalization, passed by lawmakers earlier this year ...
New Study Reveals Real-Time Brain Changes After Ketamine Use
LOS ANGELES-- A groundbreaking study, published in the Nature Journal Scientific Reports and sponsored by psychedelics firm Cybin Inc. (CYBN), demonstrates Kernel's Flow technology system's capability to capture and analyze brain changes following the administration ...
The Hive: What’s The Buzz’ In The Cannabis Hive?
LOS ANGELES–Welcome back to the sizzling world of cannabis intrigue and whispers. Get ready to ignite those rolling papers as we dive into a fresh batch of scintillating tales. Move over, CEO love triangle – ...
New Legislation Marks a Milestone in Cannabis Legalization in Minnesota
NEW YORK- On Tuesday, August 1st, a groundbreaking legislation allowing adults to possess and home-cultivate personal-use quantities of cannabis took effect in Minnesota. The move makes Minnesota the 23rd state to legalize and regulate the ...
Under Armour Signs $9 Million Deal with Hemp Black for Sustainable Yarn Supply
LOS ANGELES-- Hemp Black, a subsidiary of Australia-based Ecofibre, has entered into a significant supply agreement with global sports apparel brand Under Armour Inc. The deal, valued at $9 million annually, will involve Hemp Black ...
Psyence Group Inc. Reports Financial Losses Driven by Research and Development Costs
NEW YORK-- Psyence Group Inc. a psychedelic medicine and fungiculture company headquartered in British Columbia, recently disclosed its financial results for the fiscal year ending March 31, highlighting a surge in losses primarily attributed to ...
Massachusetts Cannabis Social Equity Fund Remains Unfunded a Year After Creation
LOS ANGELES-- Almost a year since its inception, the Massachusetts fund designed to promote social equity in the state's cannabis industry has yet to receive funding, as reported by the Boston Business Journal, citing minutes ...
Cresco & Columbia Care Terminate Their Proposed $2 Billion Merger
NEW YORK-In a significant development within the burgeoning cannabis sector, the much-anticipated $2 billion merger between cannabis producers Cresco Labs and Columbia Care Inc has been called off. Announced in March of the previous year, ...
Housing Works Cannabis Co. Achieves Impressive $12 Million in Sales in First Six Months
NEW YORK - Housing Works Cannabis Co., the inaugural adult-use retailer to establish its presence in New York, has reported a remarkable $12 million in sales during the initial six months of operations. The nonprofit ...
Psilocybin Combined with Psychotherapy Shows Potential as Anorexia Nervosa Treatment
LOS ANGELES-- In a groundbreaking step towards finding effective treatments for anorexia nervosa (AN), a phase 1 clinical trial investigated the use of psilocybin, the primary psychoactive compound in hallucinogenic mushrooms, in combination with psychotherapy. ...
Ascend Wellness Plans to Raise $7 Million in Private Placement Offering for Strategic Acquisitions
NEW YORK — Ascend Wellness, a prominent cannabis multistate operator (MSO), is set to embark on a private placement offering to raise $7 million in capital. As part of the equity financing terms, the New ...
California Proposal Seeks to Establish $5 Billion Psychedelics Research Agency
LOS ANGELES— A group of strategists from California has formally introduced a proposed initiative known as the "TREAT California Act." Unlike traditional efforts focused on advocating for direct legalization, this initiative aims to create a ...
House Approves Measures to Expand Medical Cannabis Access for Veterans and Fund Psychedelic Research
WASHINGTON, D.C. — In a significant move for veterans' healthcare and research into therapeutic substances, the U.S. House of Representatives has greenlit amendments to a substantial spending bill. The amendments would enable U.S. Department of ...
Tilray Surges 15% Amidst Q4 Results, But Skepticism Lingers for Investors
LOS ANGELES-Tilray Brands, the Canadian cannabis producer with hopes of entering the USA, experienced a momentary glimmer of hope as its shares surged 15% on Wednesday following the release of its fiscal fourth-quarter results. While ...
Mastercard Bars Cannabis Transactions on Debit Cards, Dealing a Blow to the Industry
NEW YORK-In a recent move, Mastercard (MA.N) has directed financial institutions to cease processing cannabis transactions on its debit cards, delivering a significant blow to an industry that has long struggled to gain a foothold ...
ACLU Backs Citizens’ Initiative for Recreational Cannabis in Florida, Challenges Supreme Court Review
LOS ANGELES-- The American Civil Liberties Union of Florida (ACLU) has thrown its support behind a citizens' initiative seeking to legalize recreational cannabis in the state. In a recent brief filed on Monday, the ACLU ...
Women’s Canna Awards Returns For Second Year
SACRAMENTO– The Women’s Canna Awards, produced by Debutante Honors, Inc, a 501(c)(6) professional association, the biggest and most sought-after award show dedicated to highlighting women in the cannabis industry, will be returning for its second ...
Falling Stock Prices Force Down Cannabis Industry CEO Pay in 2022
LOS ANGELES-The cannabis industry has been a rollercoaster ride for investors and executives alike, with fluctuating stock prices and evolving regulations shaping the landscape. One significant consequence of the industry's ups and downs has been ...
InMed Pharmaceuticals Evaluates Options for Promising INM-755 Compound After Successful Clinical Trial
LOS ANGELES-- Following the encouraging results of its Phase II clinical trial for INM-755, an anti-itch cannabinoid-based cream for skin disorders, InMed Pharmaceuticals (NASDAQ: INM) is now weighing its next steps to maximize value for ...
Ohio’s Adult-Use Cannabis Legalization Bid Requires More Signatures
LOS ANGELES-- Ohio voters could potentially see the issue of adult-use cannabis legalization on the November ballot, but campaign organizers are facing a final hurdle before achieving that goal. The "Regulate Cannabis Like Alcohol" campaign, ...
Hemp Companies in Maryland Challenge State Officials, Citing Regulatory Plan Threatening Business Survival
LOS ANGELES-- A group of hemp companies in Maryland has taken legal action against Governor Wes Moore and several state officials, contending that the regulatory framework approved for the recreational cannabis industry poses a serious ...
