Insights

LOS ANGELES -- In a significant development in the biopharmaceutical sector, MindMed, a clinical-stage company listed on NASDAQ and NEO has successfully wrapped up the enrollment and dosing phase of a critical study, MMED008. This Phase 2b study is centered on evaluating the efficacy of MM-120 (lysergide D-tartrate) in treating individuals with Generalized Anxiety Disorder ...

LOS ANGELES-- A recent survey conducted by the University of South Florida and Florida Atlantic University has revealed that a substantial majority of Floridians are in favor of legalizing adult-use cannabis, with a significant portion also supporting the state's existing medical cannabis program. According to the poll, 60% of the respondents expressed support for the ...

LOS ANGELES-- In a significant development in the burgeoning field of psychedelic medicine, Filament Health, a publicly traded company, has entered into a licensing agreement with biotech firm Reset Pharmaceuticals Inc. The collaboration aims to explore the potential of a psychedelic-based drug in treating severe emotional distress, particularly demoralization syndrome, commonly experienced by cancer patients. ...

LOS ANGELES-- In a move to foster community engagement and gather diverse perspectives, the Colorado Natural Medicine Division, operating under the Department of Revenue, has announced a series of "listening sessions" scheduled throughout September and October. These sessions are designed to inform the public and engage stakeholders in the development of the regulated access regulations ...

DALLAS- In the midst of a nationwide shift towards the acceptance of cannabis use, Texas remains a bastion of resistance, holding firmly to its stringent regulations surrounding the substance. As the nation grapples with evolving perspectives on cannabis legalization, the Lone Star State stands at a crossroads, balancing its deep-rooted traditions with a burgeoning public ...

LOS ANGELES-- In a significant move that could potentially reshape the cannabis landscape in North Carolina, the Eastern Band of Cherokee Indians (EBCI) has voted in favor of advancing cannabis reform within their territory. The decision, which came through a tribal vote on September 7, saw a 70% majority (2,464-1,056) favoring the reform, according to ...

LOS ANGELES-- Recent data published in the Journal of Addiction Medicine indicates a decline in cannabis treatment referrals for young individuals following the legalization of the substance. The study, conducted by researchers at Temple University, analyzed trends in criminal justice referrals for cannabis use disorder (CUD) treatment between 2008 and 2019 in the United States. ...

LOS ANGELES-- In a significant development in the burgeoning cannabis industry, workers at three Rise dispensaries in Illinois have successfully ratified their inaugural collective bargaining agreement. Rise, a subsidiary of the multi-state operator Green Thumb Industries (GTI), has been at the center of a prolonged negotiation process, which has now culminated in a landmark agreement ...

LOS ANGELES-- In a bold move that could potentially reshape the legal landscape surrounding psychedelic substances in California, activists are rallying to introduce a question concerning the legalization of psychedelic mushrooms on the 2024 ballots. Spearheaded by Decriminalize California, the initiative aims to garner sufficient public support to facilitate the cultivation, manufacturing, and distribution of ...

LOS ANGELES-- In a groundbreaking collaboration, Cresco Labs, a Chicago-based cannabis company, has embarked on a pioneering advertising campaign with Spotify, the popular music streaming platform boasting over 220 million subscribers. This partnership marks a significant milestone in the cannabis industry, as it leverages the extensive reach of audio streaming services to foster brand engagement ...

LOS ANGELES-- In a bid to foster a more user-friendly environment for cannabis consumers and businesses alike, Maine regulators are contemplating a significant overhaul of the existing cannabis regulations, a move that could potentially reshape the burgeoning industry in the state. According to a report by the Portland Press Herald, the Maine Office of Cannabis ...

OHIO– A recent poll conducted by Fallon Research has revealed that a significant majority of Ohio residents are in favor of the forthcoming ballot initiative to legalize adult-use cannabis. The survey, which underscores the shifting attitudes toward cannabis legalization in the United States, found that 59% of respondents support the proposal, while 32% oppose it, ...

LOS ANGELES– In a groundbreaking development for both the music and cannabis industries, the inaugural Miracle in Mundelein music festival is set to become Illinois' first state-approved cannabis consumption event. Scheduled for September 9-10, the two-day festival promises to combine musical performances by renowned artists like Cypress Hill, Action Bronson, and Stephen Marley with responsible ...

LOS ANGELES-- In a proactive move to foster community engagement and inclusivity, the Colorado Natural Medicine Division has announced a series of "listening sessions" scheduled throughout September and October. These sessions are designed to involve stakeholders and educate the public on the unfolding process of regulated access regulations pertaining to the recent psychedelic legalization ballot ...

LOS ANGELES– The path to legal medical cannabis in Alabama, once paved with optimism, has been marred by legal controversies and procedural missteps, leaving patients and businesses in a state of limbo. Last week, officials from the Alabama Medical Cannabis Commission (AMCC) announced hopes to issue licenses for medical cannabis cultivators and distributors by the ...

LOS ANGELES-- A recent study published in the Journal of Cannabis Research highlighted alarming levels of pesticides in illegal cannabis samples compared to legal ones in Canada. The researchers scrutinized 36 legal cannabis samples from licensed dispensaries and 24 illegal samples which were confiscated and tested in 2021. In this analytical study, a staggering 92% ...

WASHINGTON, D.C.- In a recent press briefing, White House Press Secretary, Karine Jean-Pierre underscored President Joe Biden's longstanding support for the legalization of cannabis for medicinal purposes, signaling a potentially significant shift in the federal stance towards cannabis legislation. This statement comes on the heels of a pivotal recommendation from the U.S. Department of Health ...

LOS ANGELES — Chronic neuropathic pain sufferers might find a beacon of hope in the medicinal properties of cannabis. A recent study out of Hamburg, Germany, indicates that cannabis inhalation can lead to notable improvements in pain and sleep for those battling chronic neuropathy. Neuropathy arises from damaged peripheral nerves outside the brain and spinal ...

LOS ANGELES-- The Alabama Medical Cannabis Commission (AMCC) hit another roadblock in its licensing process as it announced an administrative stay on Thursday, according to AL.com. This suspension follows two unsuccessful attempts by the AMCC to issue licenses. The first setback occurred due to "potential inconsistencies" in the scoring data, while a subsequent attempt was ...

LOS ANGELES— Florida Governor Ron DeSantis, perceived by many as a strong GOP contender against Donald Trump for the 2024 presidential nomination, voiced strong concerns about the legalization of cannabis during an Iowa campaign stop on August 26. Fielding a question from an attendee during a meet-and-greet event sponsored by the super PAC Never Back ...

LOS ANGELES— In a pivotal stride toward diversifying its economy, The Bahamas has rolled out a comprehensive package of 11 legislative bills, aiming to decriminalize cannabis for medical, research, and religious uses. This move establishes a foundation for a burgeoning medical cannabis industry, aligning with the country’s broader economic vision. According to the Office of ...

LOS ANGELES-- The rapid emergence of research into the potential therapeutic benefits of psilocybin, a naturally occurring psychedelic compound found in certain mushrooms, has brought with it new hope for individuals struggling with various mental health issues, most notably depression. The recent preprint study titled “Psilocybin desynchronizes brain networks” offers a comprehensive insight into how ...

LOS ANGELES— A proposal aimed at reducing the time frame that law enforcement officer recruits in Nebraska must abstain from cannabis use prior to training has been vetoed by Governor Jim Pillen. The measure sought to decrease the mandatory waiting period from 24 months to 12 months before recruits could commence their training. The proposal, ...

LAS VEGAS, NV — In a strategic move to bolster its presence in the booming Florida cannabis market, multi-state vertically integrated cannabis company, Planet 13 Holdings Inc., announced a membership interest purchase agreement to take over all ownership interests of VidaCann, LLC. VidaCann's Role in the Market VidaCann, primarily based in Florida, is a key ...

NEW YORK-- Canadian cannabis titans have long eyed the American hemp-derived CBD market as a golden opportunity, particularly following the legalization of low-THC hemp in the 2018 U.S. Farm Bill. But as enthusiasm for cannabis investments wanes, several of Canada's leading cannabis firms are retreating from their American hemp CBD endeavors. The Initial U.S. Foray: ...