Case Studies
ICE Raids California Cannabis Farms as Budget Swells and Allegations Mount
CARPINTERIA, Calif. — In a sweeping operation that has stirred ...
Ascend Wellness Secures $50 Million Through Private Placement of Senior Secured Notes
LOS ANGELES- Ascend Wellness Holdings, Inc. a multi-state, vertically integrated ...
Alphabet Soup: Common Acronyms in Cannabis and Why You Need to Know Them
LOS ANGELES- Running a cannabis business means speaking more than ...
Cannabis Testing Market Projected to Reach $3.2 Billion by 2030
LOS ANGELES- The global cannabis testing market is projected to experience significant growth, with estimates indicating an increase from $1.26 billion in 2025 to $2.33 billion by 2030, reflecting a compound annual growth rate (CAGR) ...
SNDL to Acquire 32 Cannabis Retail Stores from 1CM Inc.
LOS ANGELES- SNDL Inc. has entered into an agreement to acquire 32 cannabis retail stores from 1CM Inc. for CAD 32.2 million in cash. The stores operate under the Cost Cannabis and T Cannabis banners ...
Dutch Cannabis Growers Support Expansion of State-Regulated Sales Experiment
LOS ANGELES- The Netherlands has initiated an expansion of its state-regulated cannabis sales experiment, involving approximately 80 coffeeshops across 10 municipalities, including cities such as Breda, Arnhem, and Maastricht. This initiative permits these establishments to ...
Trulieve Reports Strong Fourth Quarter Performance
LOS ANGELES- Trulieve Cannabis Corp., a multi-state cannabis operator, has announced its financial results for the fourth quarter and full year ending December 31, 2024, showcasing notable growth and operational efficiency. Financial Highlights Revenue: The ...
Solvonis Therapeutics to Acquire Awakn Life Sciences in Strategic Biotech Merger
LOS ANGELES- Solvonis Therapeutics PLC, a UK-based biotechnology firm specializing in treatments for mental health and substance use disorders, has entered into an agreement to acquire Awakn Life Sciences Corp., a Toronto-based company developing therapeutics ...
Compass Pathways Projects FY2025 Net Cash Use of $120M-$145M
LOS ANGELES- Compass Pathways plc a mental health care company specializing in psilocybin therapy, has announced an expected net cash utilization of $120 million to $145 million for the fiscal year 2025. As of February ...
Cronos Group Reports $8.7 Million in Operating Expense Savings for FY2024
LOS ANGELES- Cronos Group Inc. has announced operating expense savings of $8.7 million for the fiscal year 2024, aligning with its previously stated target range of $5 million to $10 million. These savings were primarily ...
Cannabis Testing Market Projected to Reach $3.2 Billion by 2030
LOS ANGELES- The global cannabis testing market is projected to experience significant growth, with estimates indicating an increase from $1.26 billion in 2025 to $2.33 billion by 2030, reflecting a compound annual growth rate (CAGR) ...
SNDL to Acquire 32 Cannabis Retail Stores from 1CM Inc.
LOS ANGELES- SNDL Inc. has entered into an agreement to acquire 32 cannabis retail stores from 1CM Inc. for CAD 32.2 million in cash. The stores operate under the Cost Cannabis and T Cannabis banners ...
Dutch Cannabis Growers Support Expansion of State-Regulated Sales Experiment
LOS ANGELES- The Netherlands has initiated an expansion of its state-regulated cannabis sales experiment, involving approximately 80 coffeeshops across 10 municipalities, including cities such as Breda, Arnhem, and Maastricht. This initiative permits these establishments to ...
Vangst Jobs Report Shows a Surprising Drop in Employment for US Cannabis Industry
LOS ANGELES-- The legal cannabis industry in the United States generated over $26 billion in sales last year, according to the 2023 Vangst Jobs Report. The report, released by Vangst, a leading cannabis industry jobs ...
Curaleaf Expands Retail Footprint in Utah with Acquisition of Deseret Wellness
LOS ANGELES--Curaleaf, a leading global provider of cannabis products for consumers, has announced the successful acquisition of Deseret Wellness - the largest cannabis retail operator in Utah. This acquisition has expanded Curaleaf's retail footprint to ...
Tilray to Acquire Hexo Corp. for $56 Million
TORONTO- On April 10, 2023, Tilray Brands announced its merger with Hexo Corp, in a deal that would create one of the largest cannabis companies in the world. While the deal may seem like a ...
Former Michigan House Speaker and Three Others Charged with Corruption in Connection to State’s Legal Cannabis Industry
LOS ANGELES-- Former Michigan House Speaker Rick Johnson and three others have been charged with federal corruption charges related to the state's legal cannabis industry. The charges are likely to signal just the beginning of ...
Missouri’s Booming Recreational Cannabis Market Attracts Out-of-State Buyers, Hurts Illinois Sales
LOS ANGELES-- In March, out-of-state sales for cannabis in Illinois dropped by almost 17%, signaling that neighboring Missouri's thriving recreational market is still pulling customers away. This news comes just two months after Missouri allowed ...
Medical Cannabis Lawsuit Alleges THC Potency Fraud by Arkansas Cannabis Companies
ARKANSAS-- A new lawsuit has been filed in Arkansas, alleging that licensed cannabis companies have conspired to deceive patients by falsifying THC testing results. The suit, filed by MMJ patient Jakie Hanan in federal court, ...
California’s Government is Destroying California’s Cannabis Industry
SACRAMENTO-- California, often considered a pioneer in the legalization of cannabis, has faced numerous challenges in regulating the industry. One of the most pressing issues is the overtaxation of legal cannabis farms, which has led ...
Pervasip Corp Acquires Slurped & Starts Nano Emulsified Products’ Division
LOS ANGELES-- Pervasip Corp, a developer of companies and technologies in high value emerging markets, has announced the acquisition of Slurped, a nano tincture brand, and the establishment of Artizen Nano, a division focused on ...
New Mexico’s Adult-Use Cannabis Market Surpasses $300 Million in Sales for First Year of Operations
LOS ANGELES-- New Mexico's adult-use cannabis market has hit an impressive milestone by generating over $300 million in sales within its first year of operations, starting from April 1, 2022. Governor Lujan Grisham's office announced ...
Cannabis Advocates Hold Policy Forum in Capitol Hill to Discuss Critical Challenges and Opportunities
LOS ANGELES-- On April 20, a group of cannabis advocates will gather at the Capitol Visitors Center of the Congressional Auditorium for a policy forum. The event, which is symbolically scheduled on the unofficial cannabis ...
Nevada’s Cannabis Growers Struggle with Overtaxation Amid Falling Prices and Stale Data
NEVADA-- Nevada’s legal cannabis industry, which was expected to bring endless profit to licensees, is facing challenges that could lead to its decline. Nevada’s cannabis growers are complaining of overtaxation due to the state’s formula ...
Legal Cannabis Consumption at Detroit’s 420 Music Festival Marks a Milestone For The City’s Growing Cannabis Industry
DETROIT-- The city of Detroit is set to host its first-ever cannabis festival, a music event that will allow visitors to consume marijuana legally. The 420 Cannabis Music Festival, organized by D & G Venture, ...
MJ Unpacked Takes Proactive Approach to Addressing Social Equity and Inclusion in Cannabis Industry
NEW YORK--As MJ Unpacked, the premier event for the cannabis industry, gears up to take the stage in New York City from April 26-28, the East Coast cannabis market is poised for massive growth. However, ...
ACT and SC Labs Introduce “Trust in Testing” Certification for Safer Cannabis Products
LOS ANGELES-- ACT Laboratories and SC Labs, two of the largest cannabis testing labs in the United States, have joined forces to introduce the Trust In Testing Certification. This initiative establishes a national set of ...
Cornbread Hemp Closes Successful Seed Round
LOS ANGELES-- Cornbread Hemp, a top-selling CBD brand in the US, announced the successful closing of their seed round of fundraising and the acquisition of their processing and manufacturing partner. This move marks a significant ...
Cannabis Prices in Massachusetts Hit Five-Year Low
MASSACHUSETTS-- The cannabis industry in Massachusetts is facing tough times as prices for both wholesale and retail cannabis have plummeted to their lowest levels in five years. This trend is hitting businesses hard, with several ...
Las Vegas Developer Launches New Cannabis Lounge in New York
NEW YORK–In the affluent SoHo neighborhood of Manhattan, a new cannabis museum called House of Cannabis (aka THC NYC) is set to open on April 7. The museum is the brainchild of Robert Frey, the ...
NBA Will Allow Players To Use Cannabis
LOS ANGELES--The National Basketball Association (NBA) and the National Basketball Players Association (NBPA) have reached a deal to no longer randomly test players for cannabis, as reported by The Athletic. The agreement is part of ...
MediPharm Labs Acquires VIVO Cannabis in All-Equity Deal, Creating Global Medical Cannabis Leader
LOS ANGELES--MediPharm Labs and VIVO Cannabis Inc have announced the completion of a plan of arrangement that will result in MediPharm acquiring all the issued and outstanding common shares of VIVO. This all-equity business combination ...
Kentucky Gov. Beshear Signs Bill Allowing Medical Cannabis Sales By Private Industry in 2025
KENTUCKY-- Kentucky Governor Andy Beshear signed Senate Bill 47 into law on Friday, allowing private industry to sell cannabis beginning in 2025. This move puts Kentucky on the map in the modern cannabis industry, and ...
Schwazze Posts $18.5 Million Loss in 2022 Due to Expansion into New Mexico and Acquisitions, But Sees Strong Revenue Growth and Retail Sales
LOS ANGELES-- Schwazze Inc., formerly known as Medicine Man Technologies Inc. and based in Denver, Colorado, has reported a net loss of $18.5 million for the full year of 2022, a significant downturn from its ...
Columbia Care reports $300 million net loss for Q4 2022 and strategic restructuring efforts
LOS ANGELES-- Columbia Care Inc. recently reported its financial results for the fourth quarter and full year ended Dec. 31, 2022, revealing a net loss of $300 million for the quarter, compared to a net ...
Aurora Cannabis Saves $2.6 Million in Interest Payments Through Repurchase of Convertible Senior Notes
LOS ANGELES-- Canadian cannabis company Aurora Cannabis Inc. has announced that it has repurchased approximately $46.6 million (US$34.3 million) worth of its convertible senior notes. The Notes were repurchased at a total cost, including accrued ...
New York Bill Advances to Cover Medical Cannabis Under State-Funded Insurance Programs
NEW YORK-- New York state lawmakers are pushing forward with a measure that could bring significant relief to patients seeking medical cannabis treatment. The proposed bill, which advanced easily out of a state Assembly committee ...
Canopy Growth Corp. Ordered to Pay C$15 Million in Arbitration Ruling
LOS ANGELES-- Canopy Growth Corp., a major player in the cannabis industry based in Canada, has been hit with a C$15 million penalty by an arbitration tribunal for breach of contract, according to a regulatory ...
