Business
Week’s In Review: Tilray Expands U.S. Presence with Acquisition of Four Molson Coors Craft Breweries; California Seizes Over $120 Million in Illegal Cannabis Since January; North Dakota Voters to Decide on Cannabis Legalization for Third Time
LOS ANGELES–Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets with some states doing amazingly well. And some, well...they're not doing so well (hello New York). Let's get to it! Cannabis Industry Highlights #1 Tilray Expands U.S. Presence with Acquisition of Four Molson Coors Craft Breweries: Tilray ...
Week In Review: DEA’s Proposed Rescheduling of Cannabis Sparks Public Response; The Battle Over Recreational Cannabis Legalization Heats Up; Harris-Walz Ticket First to Support Federal Cannabis Legalization
LOS ANGELES–Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets with some states doing amazingly well. And some, well...they're not doing so well (hello New York). Let's get to it! Cannabis Industry Highlights #1 DEA's Proposed Rescheduling of Cannabis Sparks Public Response: The Drug Enforcement Administration (DEA) ...
Week In Review: Ohio Comes On Line; Texas Cities Advance Cannabis Decriminalization Efforts; Tilray Expands in Portugal; Philippine Lawmakers Push for Medical Cannabis Legalization
LOS ANGELES–Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets with some states doing amazingly well. And some, well...they're not doing so well (hello New York). Let's get to it! Cannabis Industry Highlights #1 Texas Cities Advance Cannabis Decriminalization Efforts Amid Legal Challenges: Activists in several Texas ...
Week In Review: Dallas Officials Approve Cannabis Decriminalization Petition for November Ballot; Field Trip Health Ltd. Shares Rise 5.8% Amid Increased Trading Volume; SNDL Announces Major Restructuring to Save $20 Million Annually; Verano buys Cannabists Businesses
LOS ANGELES–Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets with some states doing amazingly well. And some, well...they're not doing so well (hello New York). Let's get to it! Cannabis Industry Highlights #1 Dallas Officials Approve Cannabis Decriminalization Petition for November Ballot: Dallas officials have finalized ...
Week In Review: GOP-Led House Committee Approves Spending Bill Blocking Cannabis Rescheduling; Canopy Growth Corporation Stock Performance and Upcoming Earnings Report
LOS ANGELES–Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets with some states doing amazingly well. And some, well...they're not doing so well (hello New York). Let's get to it! Cannabis Industry Highlights #1 GOP-Led House Committee Approves Spending Bill Blocking Cannabis Rescheduling:A key Republican-led House committee ...
Virginia Cannabis Control Authority Postpones Decision on Medical Cannabis License
LOS ANGELES- The Virginia Cannabis Control Authority (CCA) has delayed its decision to award a medical cannabis license for Health Service Area 1, which includes the Shenandoah Valley and parts of central Virginia. Originally scheduled to announce the licensee on June 26, the CCA now requires more time to review the extensive application materials. Review ...
Organigram Invests €14 Million in German Cannabis Firm Sanity Group
LOS ANGELES- Organigram Holdings Inc. has invested €14 million (~C$21 million) in Sanity Group, a German cannabis company. The investment comprises an €11.5 million unsecured convertible note and a €2.5 million equity stake, positioning Organigram for growth in the European cannabis market. The partnership includes a new supply agreement, with Sanity Group set to purchase ...
Ohio Approves First Provisional Dual Licenses, Paving the Way for Dispensary Rollout
COLUMBUS, Ohio — As Ohio inches closer to opening its doors to recreational cannabis sales, the state has taken a significant step forward by issuing the first provisional dual licenses to medical marijuana dispensaries. This development marks the beginning of a carefully orchestrated process that will eventually allow these dispensaries to serve both medical and ...
The True Cost of Cheap Nutrients: Why Premium Products Matter in Cannabis Cultivation
LOS ANGELES — In the competitive world of cannabis cultivation, maximizing yield per plant is paramount. However, the choice of nutrients remains a divisive issue, with many growers opting for cheaper options, mistakenly believing they are saving money. The Hidden Costs of Cheap Nutrients This comprehensive analysis delves into the often-overlooked hidden costs associated with ...
Ohio Approves Initial Dispensary Applications for Recreational Cannabis Market
LOS ANGELES- The Ohio Division of Cannabis Control (DCC) has approved applications for 20 dispensaries, marking the initial step toward commencing recreational cannabis sales in the state. The DCC has received a total of 235 applications from businesses seeking recreational marijuana retail permits or to expand their existing medical cannabis operations to include recreational sales. ...
Verano Holdings Corp. Announces $50 Million Share Repurchase Program
LOS ANGELES- Verano Holdings Corp., a player in the U.S. cannabis industry, has announced its first-ever share repurchase program, committing up to $50 million to buy back its publicly traded Class A subordinate voting shares. This strategic move underscores Verano’s commitment to strengthening its financial position and delivering consistent growth. Verano Holdings Corp. has revealed ...
Advanced Nutrients Propels Flower of Life Michigan to Market Leadership
LOS ANGELES – In a market hit hard by falling cannabis prices, Flower of Life Michigan faced a potential business collapse. Brothers Devin and Donovan Murphy, the driving forces behind the company, turned a crisis into an opportunity by partnering with Advanced Nutrients, a leader in cannabis-specific nutrient solutions. Overcoming Challenges with Innovation Initially, Flower ...
Announcing: NEW Show on Highly Capitalized: “Inside Cannabis with Daniela Williams”
LOS ANGELES — Highly Capitalized Network is excited to announce the launch of a new online news show, “Inside Cannabis with Daniela Williams,” set to air fortnightly on Highly Capitalized Network. This show will delve into the intricate world of cannabis industry operations, focusing on human resources, compliance, and business growth strategies. Hosted by Daniela ...
Announcing: NEW Show on Highly Capitalized: ‘Inside Cultivation with Advanced Nutrients’
LOS ANGELES — Highly Capitalized Network is thrilled to introduce “Inside Cultivation with Advanced Nutrients,” a new online news show that will air fortnightly on HighlyCapitalized.com. This program aims to provide deep insights into cannabis cultivation, leveraging the expertise of Advanced Nutrients, a global leader in cannabis-specific nutrients and fertilizers. Hosted by key figures from ...
High Tide Inc. Secures $15 Million Financing to Support Canadian Expansion
LOS ANGELES- High Tide Inc., known for its innovative approach to cannabis retailing, has announced a significant financial maneuver to facilitate its growth plans across Canada. Under the leadership of CEO Raj Grover, the company has successfully secured substantial subordinated debt financing, promising to bolster its expansion strategy and consolidate its market position. Financial Boost: ...
Study Shows Reduced Opioid Prescriptions Near Cannabis Dispensaries
LOS ANGELES- A recent study has found that communities in Oregon with cannabis dispensaries nearby have lower rates of opioid prescriptions. The research, titled “Recreational cannabis dispensary access effects on prescription opioid use and mortality,” will be published in Regional Science and Urban Economics in September 2024. Researchers Steven J. Dundas of Oregon State University ...
Michigan Surpasses California in Cannabis Sales Volume
LOS ANGELES- Michigan has overtaken California as the largest cannabis market in the U.S. in terms of sales volume, according to data from multiple market intelligence firms. Michigan surpassed California over the winter in the number of cannabis product units sold. Sales volume refers to the total number of units sold by a business over ...
California Cannabis Retailers Could Soon Diversify Offerings with New Bill
LOS ANGELES- A new bill proposed by Assemblymember Matt Haney seeks to assist California's cannabis retailers in diversifying their revenue streams. This legislation would allow these businesses to sell non-cannabis food and non-alcoholic beverages and host live events such as concerts, offering potential financial relief amid ongoing economic challenges in the cannabis industry. Assemblymember Haney’s ...
Minnesota Cannabis: State Announces Automatic Expungements of 57,780 Criminal Records
ST. PAUL, Minn. — Criminal history records that qualify for automatic expungement under the Adult-Use Cannabis Act are no longer visible to the public in the Minnesota Criminal History System (CHS). The Minnesota Department of Public Safety Bureau of Criminal Apprehension (BCA) has expunged (also referred to as sealing) 57,780 records in CHS almost three months ahead ...
Mary Jane Berlin 2024: Epicenter of European Cannabis Culture and Innovation
BERLIN—This week, Berlin is hosting one of the most anticipated events in the cannabis industry: Mary Jane Berlin. From June 14 to June 16, the sprawling Arena Berlin will transform into a vibrant hub for cannabis enthusiasts, industry professionals, and curious visitors alike. This annual event, now a staple in the European cannabis calendar, promises ...
Michigan Surpasses California in Legal Cannabis Sales
LOS ANGELES- In an unexpected development within the cannabis industry, Michigan has overtaken California in the number of legal cannabis products sold. This shift, initially reported by SF Gate, marks a significant change in market dynamics. In March 2024, Michigan sold 22 million cannabis products, surpassing California’s 21.3 million. This shift reflects Michigan’s rapidly growing ...
Michigan Surpasses California in Monthly Cannabis Sales for First Time
LOS ANGELES- Michigan sold more cannabis products in March this year than any other state, surpassing California for the first time in monthly sales, according to BDSA data outlined in an SF Gate report. Michigan retailers sold 22 million cannabis products in March, while California shops sold 21.3 million products. This marks the first time ...
Canopy Growth to Fully Acquire Acreage Holdings in Strategic Expansion
LOS ANGELES- Canadian cannabis company Canopy Growth has agreed to acquire all issued and outstanding Class E shares of Acreage Holdings, a U.S.-based multistate cannabis operator. This acquisition is part of Canopy's broader strategy to expand its presence in the U.S. market. On Tuesday, Canopy Growth announced the agreement to fully take over Acreage Holdings, ...
CannMed24 Event Review: 12 Things You Missed at CannMed 24
NEW YORK-CannMed 24 has set a new benchmark in the cannabis industry, offering unparalleled insights, networking opportunities, and a unique experience. Here are a dozen highlights certain to stir up a whole bunch of FOMO for CannMed 25. From the quality of the speakers to the depth of research, CannMed provides wisdom and connections you ...
Optimi Health to Export MDMA and Psilocybin Capsules to Australia
LOS ANGELES- a Health Canada licensed GMP psychedelics pharmaceutical manufacturer, announced it has received an import permit from Mind Medicine Australia (MMA) to supply its GMP MDMA and psilocybin capsules to approved psychiatrists under Australia’s Authorised Prescriber Scheme. Mind Medicine Australia has been a partner of Optimi since February 2023 and played a pivotal role ...
