Case Studies
Aurora Cannabis Secures EU-Wide Rights for Two Proprietary Strains
EDMONTON – Aurora Cannabis Inc. has won rights from the ...
CMI Projects Double-Digit Expansion for Cannabis Testing Market
LOS ANGELES – A recent analysis from Custom Market Insights ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – The past fortnight delivered a surge of ...
Case Study: Better Data, Better Decisions: How Clean Inputs Strengthen Cannabis Strategy
LOS ANGELES- In a highly regulated and competitive industry like cannabis, data isn’t just numbers on a spreadsheet — it’s the foundation of effective decision-making. Yet many operators still struggle with messy, inconsistent, or incomplete ...
NY Cannabis Board Hits Equity Target With 57% of Licenses to Social Equity Holders
NEW YORK – New York regulators reported that social and economic equity applicants now control 57% of the state's adult-use Cannabis licenses, a figure that clears the program's initial benchmark and signals steady advancement in ...
Australia’s Medicinal Cannabis Imports Hit Record Highs
SYDNEY – Figures released this week by Australia's Office of Drug Control paint a picture of robust expansion in the country's regulated Cannabis sector, with imports leading the charge alongside steady advances in domestic output ...
Playing to Win: How Strategy Really Works for Cannabis Leaders
LOS ANGELES -The Cannabis industry is filled with ambitious operators, visionary founders, and well-funded enterprises. Yet despite enormous energy and investment, many companies still struggle to answer the most fundamental question in business: what is ...
MSOs Confront Billions in Uncertain Tax Liabilities
LOS ANGELES – U.S. Cannabis operators continue to navigate the constraints of IRS Section 280E, which bars deductions for standard business expenses and drives up effective tax rates. Major multi-state Cannabis operators (MSOs) have leaned ...
Psilocybin Shows Promise for Traumatic Brain Injury Recovery
LOS ANGELES – A scientific review published in the journal Brain Sciences has outlined how psilocybin, the active compound in psychedelic mushrooms, might support recovery for individuals with traumatic brain injuries. The analysis, released in ...
Cannabis Companies Secure Extension in Federal Prohibition Case
WASHINGTON – The U.S. Supreme Court has extended the deadline for a group of Cannabis businesses to file a petition seeking review of their case against the Justice Department, which aims to strike down the ...
Case Study: Better Data, Better Decisions: How Clean Inputs Strengthen Cannabis Strategy
LOS ANGELES- In a highly regulated and competitive industry like cannabis, data isn’t just numbers on a spreadsheet — it’s the foundation of effective decision-making. Yet many operators still struggle with messy, inconsistent, or incomplete ...
NY Cannabis Board Hits Equity Target With 57% of Licenses to Social Equity Holders
NEW YORK – New York regulators reported that social and economic equity applicants now control 57% of the state's adult-use Cannabis licenses, a figure that clears the program's initial benchmark and signals steady advancement in ...
Australia’s Medicinal Cannabis Imports Hit Record Highs
SYDNEY – Figures released this week by Australia's Office of Drug Control paint a picture of robust expansion in the country's regulated Cannabis sector, with imports leading the charge alongside steady advances in domestic output ...
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 ...
Legal Debate Continues Over Alabama Medical Cannabis Licences
MONTGOMERY, Ala. — The road to medical cannabis access in Alabama remains blocked as a legal battle unfolds over the methods employed in selecting companies for the potentially lucrative licenses. In the heart of Montgomery ...
New Jersey Dedicates $15 Million from Cannabis Tax Fund to Violence Intervention Programs
TRENTON, NJ — Governor Phil Murphy, in collaboration with Attorney General Matthew J. Platkin, recently unveiled an initiative committing $15 million to Community-Based Violence Intervention (CBVI) programs, with a portion of these funds stemming from ...
Big Plan Holdings and Evelyn Capital Collaborate on $3.25 Million Cannabis Property Acquisition in Pennsylvania
LOS ANGELES— At the nexus of music, fashion, and sports, a realm which now encapsulates the burgeoning cannabis industry, Big Plan Holdings has joined forces with Evelyn Capital. Their recent collaboration has culminated in the ...
Missouri Tackles “Lab Shopping” with Enhanced Cannabis Testing Regulations
LOS ANGELES — Missouri, in its latest bid to bolster the integrity of its burgeoning cannabis sector, has ushered in stringent rules to stymie the practice of "lab shopping"— a trend where cannabis producers take ...
