Business
Brazilian App Turns Patient Adoption Into a Cannabis Data Asset
LOS ANGELES- Brazil’s health-tech startup Blis says its mobile platform now supports more than 300,000 registered patients, generates roughly R$2 million (about US$363,000) in monthly revenue and reaches users in more than 1,800 municipalities. By integrating tele-consultation, ANVISA authorization under RDC 660/2022 and direct-to-patient import logistics, the company is accumulating what industry observers describe as ...
Blüm Holdings to Acquire Northern California Cannabis Dispensary
LOS ANGELES- Blüm Holdings Inc, a California-based publicly traded holding company and cannabis operator, has signed a binding all‑stock agreement to acquire a majority stake in a licensed adult‑use and medical cannabis dispensary in Northern California. The deal is valued at up to USD 5.0 million, with additional performance‑based earn‑outs linked to revenue and EBITDA targets. The ...
Curaleaf Takes Full Control of European Arm in Bold Strategic Move
LOS ANGELES - In a major development out of the cannabis industry, Curaleaf Holdings, Inc. (TSX: CURA, OTCQX: CURLF) has just announced it’s taken full ownership of Curaleaf International, buying out its minority partner’s stake in a deal finalized on July 2. Sources confirm the transaction, executed through a 2021 Put/Call Option agreement, hands Curaleaf ...
US Cannabis Industry Poised to Top $123 Billion Economic Impact in 2025
LOS ANGELES–Despite mounting challenges, the U.S. cannabis industry is on track to generate a staggering $123.6 billion in total economic impact in 2025, according to new projections from the MJBiz Factbook. That’s a 9% increase over 2024 – a testament to the sector’s resilience amid federal inaction and headwinds from economic uncertainty. While legacy markets ...
Vireo Growth and Curio Wellness Forge Partnership to Enter New York Market
LOS ANGELES- Vireo Growth Inc. and Curio Wellness have announced a manufacturing-and-distribution agreement aimed at introducing Curio’s Best Self Collection into New York’s licensed cannabis market. Vireo will leverage its existing infrastructure to produce and distribute Curio’s full product portfolio—topicals, tablets, chews, and vapes—under a licensing model The deal adopts a capital-light approach: Curio gains ...
Green Thumb Industries Schedules Q2 2025 Earnings Call for August 6
LOS ANGELES- Green Thumb Industries Inc., a cannabis consumer packaged goods company and operator of RISE dispensaries, announced on July 2 that it will release its second-quarter 2025 financial results after market close on Wednesday, August 6, 2025 . The company will host a conference call and audio webcast the same day at 5:00 p.m. Eastern Time (4:00 p.m. ...
SAFER Banking Act Frozen as Lawmakers Tackle War and Budget Issues
LOS ANGELES – The Secure and Fair Enforcement Regulation (SAFER) Banking Act, a bipartisan effort to grant state-legal cannabis businesses access to traditional banking services, remains mired in political gridlock, overshadowed by competing legislative priorities. Sen. Jeff Merkley (D-OR), a lead sponsor of the bill, recently acknowledged that despite his efforts to push the legislation ...
California’s Cannabis Industry Faces Meltdown as New Tax Hike Begins
LOS ANGELES – California’s legal cannabis industry is sounding the alarm as a significant excise tax increase, which took effect on July 1, 2025, threatens to cripple an already struggling market. The excise tax on legal cannabis has risen from 15% to 19%, a move that industry leaders, including growers, dispensary owners, and advocates, warn ...
Cronos Expands Medical Cannabis Presence in Switzerland
LOS ANGELES- Cronos Group Inc. has entered the Swiss medical cannabis market through a partnership with Dascoli Pharma AG, a Zurich-based pharmaceutical distributor. The deal enables Dascoli to supply five varieties of the company's PEACE NATURALS branded cannabis flower to patients via its established network of pharmacies and clinics. Under the agreement, the following strains will be ...
Analysis: A Tale of Two Markets: U.S. Cannabis at a Crossroads as Global Momentum Builds — and Backtracks
LOS ANGELES-The U.S. cannabis industry stands divided. Some state markets are opening and expanding, while others are contracting under the weight of high taxes, regulatory friction, and unrelenting illicit competition. But across all markets, uncertainty is rising — and it’s not just an American story anymore. Globally, cannabis policy is advancing in some countries and ...
California’s Cannabis Tax Hike Could Break the Legal Market — Just as It Was Starting to Stabilize
LOS ANGELES- California's legal cannabis market, already strained by price compression, regulatory overload, and illicit competition, took another hit on July 1 as the state’s cannabis excise tax officially jumped from 15% to 19%. The increase, part of a 2022 legislative compromise, is being called a potential death blow by operators and advocates who have ...
Analysis: California’s Cannabis Catastrophe: Why the July 1 Tax Hike Threatens an Already-Struggling Industry
LOS ANGELES-California's legal cannabis industry just got hit with a devastating blow. As of July 1, 2025, the cannabis excise tax jumped from 15% to 19% — a nearly 27% hike — pushing total taxes on legal cannabis to as high as 50% in some localities when state and local taxes are combined. For an ...
IM Cannabis Proposes $50 Million Mixed Securities Shelf to Bolster Funding
LOS ANGELES- IM Cannabis Corp. a Canada-based medical cannabis provider operating in Israel and Germany, has filed a registration statement for a mixed securities shelf worth up to USD 50 million. The filing, submitted June 26 to the U.S. Securities and Exchange Commission, enables the company to issue common shares, preferred shares, debt securities, warrants, or units as ...
LIMS Market Projected to Hit $5.19 Billion by 2030
LOS ANGELES- The global Laboratory Information Management System (LIMS) market is forecast to grow from $2.88 billion in 2025 to $5.19 billion by 2030, reflecting a compound annual growth rate of 12.5%, according to a recent analysis by ResearchAndMarkets. The projected expansion is fueled by rising demand for cloud-based solutions, increasing adoption of automation in ...
Analysis: What’s Next for Texas THC Policy After Gov. Abbott’s Veto?
DALLAS - In a move that stunned the Texas political establishment and delighted the state’s burgeoning hemp industry, Governor Greg Abbott last weekend vetoed Senate Bill 3 (SB 3), a measure that would have banned virtually all hemp-derived THC products—including popular variants like Delta-8, Delta-9, and Delta-10. The veto not only exposed a rare public ...
Verano Taps Arizona Partner to Introduce Grow Sciences’ Cannabis Line in Illinois
LOS ANGELES- Verano Holdings Corp. a vertically integrated multi-state cannabis operator, entered into an exclusive distribution partnership with Arizona-based Grow Sciences to launch a curated selection of premium cannabis flower and solventless extracts in Illinois. Starting June 21, thirteen Grow Sciences strains—including Prickly Pear, Florida Jack, and Jelly RTZ—will be available at all ten Zen Leaf dispensaries across the state, with ...
High-Potency Cannabis Strains Impact Legal and Health Systems
LOS ANGELES— The expansion of high-potency cannabis products—such as concentrated extracts, edibles, and potent vaping liquids is increasingly challenging health-care facilities and legal systems across North America. Emergency departments in the U.S. and Canada report rising visits due to high-THC cannabis use. Symptoms include acute psychosis, severe anxiety, and cannabinoid hyperemesis syndrome (CHS) a debilitating ...
Method Man and Zamnesia Partner to Launch Eight TICAL Cannabis Seeds in U.S. and Europe
LOS ANGELES- Zamnesia—a European online retailer specializing in cannabis seeds—has partnered with Method Man’s cannabis brand, TICAL, to launch eight exclusive premium seeds across the U.S. and Europe. The collaboration, announced in early June 2025, targets both seasoned home growers and collectors. The seed collection, personally curated and approved by the hip‑hop artist, includes strains ...
Aurora Cannabis Denies Acquisition of MedLeaf Therapeutics
LOS ANGELES- Aurora Cannabis Inc. publicly refuted recent reports claiming it was acquiring New Zealand–based MedLeaf Therapeutics. In a statement issued on June 18, 2025, the Edmonton-headquartered company confirmed it “has not entered into any such agreement, has had no discussions with MedLeaf Therapeutics with respect to any business combination transaction, and has not made ...
Israel’s Health Ministry Approves Expansion of Apex Labs’ Phase 2b Psilocybin Trial for PTSD
LOS ANGELES- Apex Labs Ltd. has secured approval from Israel’s Ministry of Health (MoH) and relevant ethics boards to expand its ongoing Phase 2b SUMMIT‑90 clinical trial assessing macrodose psilocybin therapy (APEX‑90) for post-traumatic stress disorder (PTSD). The company will add two new sites: Tel Aviv University’s Institute for Psychedelic Research at the Sagol Brain Institute ...
Rose Hill Apothecary Completes First Research-Grade Psilocybin Export to Brazil
LOS ANGELES- Rose Hill Apothecary, the research-grade psilocybin arm of Rose Hill Life Sciences, has executed its inaugural international export deal, shipping 18 kilograms of dried psilocybin-containing mushrooms to Biocase Brasil Importação e Comércio de Medicamentos Ltda. The export took place under Brazil’s regulatory framework to support medicinal research initiatives. The shipment marks a significant ...
U.S. Whiskey Consumption Slows as Cannabis and Wellness Trends Gain Traction
LOS ANGELES- Brown‑Forman Corp., producer of Jack Daniel’s Tennessee Whiskey, cites three primary factors contributing to reduced whiskey consumption in the U.S.: increasing cannabis use, the popularity of GLP‑1 weight‑loss medications, and softer demand among Generation Z. CEO Lawson Whiting emphasized that these are pressing challenges for the category, noting that this trend has persisted ...
AYR Wellness Secures Temporary Waiver in Financing Deal
LOS ANGELES- AYR Wellness Inc. a vertically integrated U.S. multi-state cannabis operator, has entered into a Limited Waiver Agreement with holders of a majority of its senior secured notes . Under this agreement, noteholders temporarily agree not to enforce certain default-related provisions relating to AYR’s delayed filing of interim financial results for Q1 2025 and potential non-payments ...
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 transfer of the majority of its produce assets to Vanguard Food LP, a joint venture with private investment firms including ...
Alphabet Soup: Common Acronyms in Cannabis and Why You Need to Know Them
LOS ANGELES- Running a cannabis business means speaking more than the language of cultivation and branding — it means speaking compliance, with all its acronyms. You’ve likely seen a wall of them — ADA, OSHA, EEOC, FMLA, DOL, and more — and thought, “Do I really need to know all this?” The answer: absolutely. These ...
