Business

WASHINGTON, D.C.–The debate over cannabis' federal classification is set to intensify as the DEA prepares for pivotal hearings on its status under the Controlled Substances Act. DEA Administrative Law Judge John Mulrooney has announced that witness testimony will commence on Tuesday, January 22, 2025. The hearings are scheduled to run every Tuesday, Wednesday, and Thursday ...

LOS ANGELES- Portugal is positioning itself as a significant player in the medical cannabis industry, leveraging its favorable climate and regulatory framework to boost production and exports. In 2023, the country exported nearly 12,000 kilograms of cannabis-based medical products, marking a substantial increase from the previous year. The Portuguese government has authorized over 60 companies ...

LOS ANGELES- The U.S. Hemp Roundtable, a leading advocacy organization for the hemp sector, has strengthened its leadership by appointing two prominent figures from the hemp beverage industry. In September 2024, Art Massolo, Vice President of Business Development at Cycling Frog, assumed the role of Executive Vice President, while Aaron Nosbisch, founder of BRĒZ, was ...

LOS ANGELES- In July 2024, Illinois marked a significant milestone by opening its 100th social equity-owned cannabis dispensary, underscoring the state's commitment to fostering diversity within the industry. A comprehensive study by the Cannabis Regulation Oversight Office revealed that 60% of all adult-use cannabis licenses have been awarded to minority- or women-owned businesses, positioning Illinois ...

TORONTO—It didn’t have to be this way. I mean, in spite of what so many whinge and whine about, Canada had a lot to leverage. Canada is pretty big, with a population of about 40 million Canada is pretty vibrant, with a GDP of about $5.8 trillion Canada is relatively affluent, with a median disposable ...

LOS ANGELES- Climate First Bank, headquartered in Orlando, Florida, has introduced specialized banking services tailored for the cannabis industry. This initiative aims to address the financial challenges faced by cannabis businesses, particularly in accessing traditional banking services. The bank's offerings include deposit accounts, cash management, and lending solutions, all designed to comply with federal and ...

LOS ANGELES—As a founding member of the Cannabis Open Standards Technology Alliance (COSTA), Breadstack has firmly established itself as a trailblazer in cannabis e-commerce. Based in Canada, the company has risen to meet the unique challenges of an increasingly evolving industry, offering dispensaries the tools and strategies they need to thrive. By focusing on innovative ...

LOS ANGELES- LeafLink, a cannabis wholesale platform, has acquired Leaf Trade, a wholesale marketplace serving multi-state operators (MSOs) and enterprise cannabis companies. This strategic move aims to streamline operations for cannabis businesses of varying scales. The combined entity is projected to facilitate approximately $9 billion in annual gross merchandise value (GMV). Initially, both platforms will ...

LOS ANGELES- Montreal-based Cannara Biotech Inc a vertically integrated cannabis producer, announced record-breaking financial results for its fiscal year ended August 31, 2024. The company reported total annual revenues of $82.2 million, a 43% increase year-over-year, driven by strong growth across its operations and expanding market share. Key Financial Highlights Q4 and Fiscal Year Revenues: ...

LOS ANGELES- In a significant development for the cannabis industry, Curaleaf Holdings, Inc., a leading multistate operator, has secured Massachusetts' inaugural cannabis research facility license. The Massachusetts Cannabis Control Commission (CCC) unanimously approved the license for Curaleaf Processing, Inc., a subsidiary of Curaleaf, during its November 14, 2024, meeting. This license permits Curaleaf to operate ...

Las Vegas, NV – Blunt Brunch, a leading women’s empowerment organization in cannabis, is elevating its annual event to dazzling new heights. This year’s Blunt Brunch Nationals transforms from a traditional brunch into an elegant evening affair—a *Night of Glitz and Glam*—designed to celebrate the resilience, achievements, and contributions of women in the cannabis industry. ...

LOS ANGELES- AFC Gamma, Inc. is scheduled to release its quarterly earnings report on Wednesday, November 13, 2024, before the market opens.Analysts anticipate earnings of $0.33 per share for the quarter. In the previous quarter, AFC Gamma reported earnings of $0.54 per share, surpassing the consensus estimate of $0.49.The company's financial performance and strategic initiatives ...

LOS ANGELES- James Clark, a tech industry veteran known for transformative ventures like Netscape, has turned his attention to the cannabis sector with a bold acquisition. In August, his firm FoundersJT LLC purchased the assets of Eaze Technologies, a leading cannabis delivery company, for $54 million, just weeks before Eaze had planned to shutter its ...

LOS ANGELES- Chicago Atlantic Real Estate Finance Inc. has released its financial results for the third quarter of 2024, highlighting key metrics and strategic developments. As of September 30, 2024, the company's loan portfolio stood at $362 million, encompassing 29 portfolio companies. The weighted average yield to maturity was reported at 18.3%, a slight decrease ...

LOS ANGELES – Last Wednesday’s election marked a pivotal moment in U.S. cannabis policy, as Republican gains across several states stoked a fresh wave of resistance against adult-use cannabis legalization. This shift, especially pronounced in states with existing medical cannabis programs but where adult-use remains controversial, has the potential to impact state revenues, the growth ...

LOS ANGELES- Raising capital for cannabis startups and small businesses requires a strategic approach, particularly when targeting SEC-accredited investors. These individuals bring significant financial resources and expertise, making them key to your fundraising success. While the current climate in the cannabis industry is tough, many investors have been waiting for the outcome of the election ...

NEW YORK (New York)-- Cannabis Means Business (CMB) is a new vision for the show previously run as CWCBExpo. This evolution is a significant shift in the landscape of cannabis industry events and reflects the needs of today and the future of the industry. Taking place June 4-5, 2025, at the Javits Center in New ...

LOS ANGELES-The Drug Enforcement Administration (DEA) is preparing for its cannabis rescheduling hearing set for December 2 by selecting speakers to participate. Several organizations, including the National Cannabis Industry Association (NCIA), have received approval to testify, as reported by publication Marijuana Moment. NCIA's CEO and co-founder Aaron Smith expressed excitement about the opportunity to represent ...

LOS ANGELES- A hundred years ago, the U.S. government held a different view on cannabis, or Cannabis sativa L. Known then as “marihuana,” it was also called hemp, Mary Jane, and Mary Warner, among other names. Most Americans were unaware of its existence, let alone its potential as a drug. By the 1930s, several states and ...