Case Studies
Conservative Think Tank Advocates Federal Cannabis Labeling Standards to Address State Disparities
WASHINGTON – A prominent conservative policy group has called for ...
Psyence BioMed Ventures into Psilocybin’s Role in Aging Research
NEW YORK – Psyence BioMedical Ltd. disclosed its entry into ...
FinCEN Reveals Steady Banking Access for Cannabis Businesses Despite Persistent Federal Barriers
WASHINGTON – A recent report from the Financial Crimes Enforcement Network shows that 816 banks and 182 credit unions filed suspicious activity reports (SARs) related to Cannabis businesses through the end of 2024, signaling stable ...
Texas Regulators Set Age Limit on Hemp-Derived THC Sales
AUSTIN – The Texas Alcoholic Beverage Commission (TABC) voted unanimously on Tuesday to bar liquor-license holders from selling hemp-derived THC products to customers under 21, marking the state's initial response to Governor Greg Abbott's call ...
High Tide Expands Canna Cabana Footprint in Ontario and Alberta
CALGARY – High Tide, Inc. announced plans to open three new Canna Cabana stores in the coming weeks, adding dispensaries in North York and Etobicoke, Ontario, and Fort McMurray, Alberta. The move pushes the company's ...
Trump Considers Shift in Federal Cannabis Rescheduling
LOS ANGELES – President Donald Trump is exploring a move to reclassify Cannabis from Schedule I to Schedule III under federal law, according to a report from The Wall Street Journal. The potential policy shift, ...
Village Farms International Reports Q2 2025 Financial Results
VANCOUVER – Village Farms International, Inc. reported its financial results for the second quarter of 2025, indicating record profitability and performance of strategic shifts, including the privatization of parts of its produce segment, which has ...
Canopy Growth Corp Reports Q1 FY2026 Financial Results
SMITHS FALLS – Canopy Growth Corp. released its financial results for the first quarter of fiscal year 2026, ending June 30, 2025, showcasing a 9% increase in net revenue to $72.1 million compared to $66.2 ...
Case Study: Grupo Flor: A Cannabis Turnaround Driven by Strategic Focus
SALINAS- When Mark Collins joined Grupo Flor as Chief Financial Officer, the California-based vertically integrated Cannabis company was in severe financial and operational distress. The business held multiple licenses across retail, cultivation, manufacturing, and distribution—far ...
FinCEN Reveals Steady Banking Access for Cannabis Businesses Despite Persistent Federal Barriers
WASHINGTON – A recent report from the Financial Crimes Enforcement Network shows that 816 banks and 182 credit unions filed suspicious activity reports (SARs) related to Cannabis businesses through the end of 2024, signaling stable ...
Texas Regulators Set Age Limit on Hemp-Derived THC Sales
AUSTIN – The Texas Alcoholic Beverage Commission (TABC) voted unanimously on Tuesday to bar liquor-license holders from selling hemp-derived THC products to customers under 21, marking the state's initial response to Governor Greg Abbott's call ...
High Tide Expands Canna Cabana Footprint in Ontario and Alberta
CALGARY – High Tide, Inc. announced plans to open three new Canna Cabana stores in the coming weeks, adding dispensaries in North York and Etobicoke, Ontario, and Fort McMurray, Alberta. The move pushes the company's ...
Albanian Parliament Greenlights Legislation for Medical and Industrial Cannabis Industry
LOS ANGELES-- In a significant move, the Albanian parliament has taken steps to establish a legal and regulatory framework for the burgeoning medical and industrial cannabis sector. With resounding support, lawmakers voted in favor of ...
Cannabis Legalization: The Impact on Canine Cannabis Sniffers & Ensuring Their Retirement
NEW YORK-The legalization of cannabis in various states across the USA has brought about significant changes in multiple industries, including law enforcement. One area that has been significantly affected is the use of canine cannabis ...
Numinus Wellness Aims for Post-Therapy Approval Success Amid Psychedelic Sector Challenges
LOS ANGELES-- Despite a significant decline in its stock value since its peak in 2021, Numinus Wellness Inc. remains determined to navigate the challenges in the psychedelic space. The company's management is strategically optimizing operations, ...
Canadian Cannabis Retail Sales Show Modest Growth in May
TORONTO-- Statistics Canada has recently released the May retail sales figures for cannabis in the country, revealing a moderate increase from April levels. According to the report, cannabis sales rose by 1.2%, reaching C$415.6 million. ...
First Citizens Bank Provides $1 Million Credit to The Georgia Hemp Company for Promotional Initiative
LOS ANGELES--First Citizens Bank, through its Hemp Business division, has announced its provision of a $1 million working capital line of credit to RYJO, the parent entity of The Georgia Hemp Company. The financial support ...
Retailers Outperform Cultivators in Most States as Federal Reform News Drives Cannabis Market
LOS ANGELES-- A recent report by cannabis research firm Zuanic & Associates sheds light on the performance of the cannabis industry during the second quarter. According to the report, market conditions in most states have ...
Missouri Medical Cannabis Company’s Appeal Against Product Recall Denied
LOS ANGELES — In a significant development, a Cole County Circuit judge dismissed the case of a Missouri-based medical cannabis company that sought to halt a product recall, as reported by KMIZ. The judge's decision ...
Week In Review: Major Shift in U.S. Cannabis Policy on the Horizon;Florida Governor Ron DeSantis Shares Views on Cannabis Legalization Amid Presidential Aspirations.;Michigan’s Cannabis Industry Sees Robust Growth, Generating Billions in Sales
LOS ANGELES–Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets: there’s innovation and progress in full swing in some parts of the country, while in other parts, ...
Week In Review: Alabama Gets Litigious; Planet 13 Orbits Florida; Ohio Just Says No, While Illinois Governor Does Victory Laps
LOS ANGELES–Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets: there’s innovation and progress in full swing in some parts of the country, while in other parts, ...
Week In Review: TILT Holdings Delists Social Equity Brands; Compass Pathways Scores $285M; Florida Revisits Hemp THC Levels
LOS ANGELES–Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets: there’s innovation and progress in full swing in some parts of the country, while in other parts, ...
Neptune Wellness Solutions Faces Nasdaq Compliance Challenge
LOS ANGELES-- Neptune Wellness Solutions Inc, a prominent player in the consumer-packaged goods and cannabis industry, has disclosed that it received a notification from the Nasdaq Stock Market LLC ("Nasdaq") regarding its stockholders' equity standing. ...
Stunning Breakthrough for Cannabis Farmers: New York Greenlights Pop-Up Stores at Events
NEW YORK-In a groundbreaking decision, the New York Office of Cannabis Management has set in motion a revolutionary plan called the Grower's Showcase to bolster the cannabis industry across New York State and provide crucial ...
Curaleaf Aims to Join TSX, Following TerrAscend’s Lead for Expanded Investor Access
NEW YORK-- Curaleaf Holdings, a cannabis multistate operator (MSO) based in New York, is seeking to follow in the footsteps of TerrAscend by joining the Toronto Stock Exchange (TSX). By making this move, Curaleaf hopes ...
European Cannabis Consumption and Regulation
LOS ANGELES-- An extensive report released by the European Monitoring Centre for Drugs and Drug Addiction (EMCDDA) sheds light on the current state of cannabis consumption and regulation across the European Union. According to the ...
Kernel’s Flow Technology Shows Promise in Analyzing Brain Changes After Ketamine Administration
LOS ANGELES-- A recently published study has revealed promising results for Kernel's Flow technology system, demonstrating its capacity to capture and analyze brain changes following the administration of ketamine, a psychoactive substance. The research, published ...
New York Cannabis Regulators Introduce “Cannabis Showcase” Program for Public Events
NEW YORK -- In a significant move, New York cannabis regulators have voted in favor of the "Cannabis Showcase" program, permitting growers to sell their products directly to the public at various events, including concerts ...
New York State Senator Proposes Ban on Public Cannabis Consumption
NEW YORK-- New York State Senator George Borello (R) recently introduced a measure aimed at banning cannabis smoking and consumption in public, unless special authorization has been granted for specific locations. The legislation's Assembly version ...
Columbia Care’s Cannabist Retail Location in NJ Ratifies First Labor Contract
LOS ANGELES-- The United Food and Commercial Workers (UFCW) union, Local 360, recently announced that the Cannabist retail location in Deptford, NJ, operated by Columbia Care, Inc., has successfully ratified its first labor contract. The ...
FDA’s Psychedelic Guidance Sparks Interest in Funding and Research Advancement
LOS ANGELES-- In a groundbreaking move, the U.S. Food and Drug Administration (FDA) recently released draft guidance aimed at facilitating research into classic psychedelics, such as LSD, MDMA, and psilocybin, for potential therapeutic uses in ...
New York City Business Owner Ordered to Forfeit $400,000 in Illegal Cannabis Sales and Unpaid Taxes
NEW YORK-- A business owner in New York City has been ordered to forfeit over $400,000 in illegal proceeds and unpaid taxes after illegally selling cannabis at multiple shops in Manhattan, according to the Associated ...
61% U.S. Voters Support Legalizing Psychedelic Therapies
SAN FRANCISCO --In a groundbreaking effort, the Berkeley Center for Psychedelic Studies (BCPS) has released the highly anticipated results of their first-ever study on the therapeutic effects of psychedelics. The study, conducted over a span ...
Philip Morris International Set to Invest Up to $650 Million in Israeli Cannabis Company
LOS ANGELES-- Philip Morris International Inc., the renowned tobacco company behind the iconic Marlboro brand, is set to make a substantial foray into the cannabis industry. With a strategic eye on pain management, Philip Morris ...
Green Thumb Reports Employee Death in Illinois Facility
CHICAGO--In a somber announcement, Green Thumb Industries Inc, a prominent U.S. cannabis producer, disclosed on Tuesday that one of its employees had tragically passed away at its Rock Island, Illinois facility last Friday. The news ...
New Study Challenges Link Between Cannabis Use and Psychosis
LOS ANGELES-- Opponents of cannabis and some mainstream media outlets have long claimed that cannabis is detrimental to human brain health, often suggesting a causal link between cannabis use and psychosis. However, a recent study ...
Stabilization and Rebound in U.S. Wholesale Cannabis Market
LOS ANGELES-- The U.S. cannabis wholesale market has shown signs of stabilization this year, following a significant decline in 2022, and has even experienced a modest rebound since last year, according to a recent report ...
