Insights

LOS ANGELES-- According to a recent report released by the New Mexico Department of Workforce Solutions, the cannabis industry in the state employed more than 4,600 workers by the end of last year, with a significant majority of them finding employment in dispensaries. The report sheds light on the sector's employment distribution, wage trends, and ...

LOS ANGELES-- The legal cannabis market in Georgia is poised to expand significantly as the state Board of Pharmacy recently introduced regulations enabling independent pharmacies to distribute cannabis oil. This development, following the legalization of marijuana cultivation in 2019, signifies a notable policy shift in Georgia. According to a report by Capitol Beat, the legislation ...

NEW YORK- In a significant development for New York's cannabis industry, lawmakers have approved a bill that permits licensed cannabis farmers to sell their products to tribal nations with established cannabis markets. This move comes amidst the state's sluggish retail rollout, while dispensaries have been operating on tribal land throughout New York. Although approximately 300 ...

  LOS ANGELES-- Nevada lawmakers have granted final approval to a comprehensive cannabis reform bill that introduces several significant changes to the state's cannabis industry. Senate Bill 277, as reported by Forbes, encompasses the following key provisions: Increased Purchase Limits: The bill raises the daily purchase limits for recreational consumers from one ounce to 2.5 ...

SAN FRANCISCO-- In a unanimous decision, the San Francisco Board of Supervisors voted to impose a three-year ban on new cannabis businesses, aiming to address concerns of oversaturation and competition from the illicit market. The moratorium, which will not impact existing applicants or operators, was introduced by Supervisor Ahsha Safaí and is seen as a ...

LOS ANGELES-- In an effort to address the issue of unpaid invoices and bring financial stability to the supply chain, a group of California distributors and brands, representing over half of the state's wholesale B2B cannabis market, has engaged the services of the Credit Management Association (CMA). The CMA, a nonprofit organization based in suburban ...

WASHINGTON— In a bid to bolster cannabis research and pave the way for scientific advancements, a House bill was introduced on Tuesday with the aim of promoting cannabis research at universities while dismantling existing federal barriers. The Higher Education Marijuana Research Act, championed by Representative Dina Titus (D-NV) and Representative Joe Neguse (D-CO), seeks to ...

LOS ANGELES -The rapidly growing cannabis industry presents exciting prospects for investors seeking new avenues of growth. However, to capitalize on these opportunities, it's crucial to approach the market with a strategic mindset and an understanding of the unique dynamics at play. In this article, we will provide you with ten valuable tips to consider ...

NEW YORK-- New York Governor Kathy Hochul recently signed a bill that extends the licenses of cannabis cultivators and processors in an effort to expedite the establishment of the state's adult-use market. As state regulators have yet to issue permanent licenses, the current permits are still considered provisional. Under the new law, the licenses will ...

LOS ANGELES-- Canopy Growth Corp., a Canadian cannabis company, is set to be removed from the S&P/TSX Composite Index, a key market benchmark similar to the S&P 500 in the United States. The decision, announced by S&P Dow Jones Indices on Friday, underscores the ongoing challenges faced by Canopy Growth. Inclusion in the S&P/TSX Composite ...

PHOENIX-- In an effort to revive Arizona's struggling medical cannabis market, lawmakers are pushing forward a bill aimed at reducing the cost of medical cannabis cards. Senate Bill 1466, which received approval from the state Senate in March, proposes to decrease the price of MMJ cards from $150 to $50 for the general public, as ...

BOSTON-- In a bid to expedite the establishment of cannabis consumption lounges, Massachusetts marijuana regulators have made the decision to cancel a long-planned pilot program for such establishments. The move comes as members of the Cannabis Control Commission deemed the original pilot program outdated and restrictive, opting instead for a more expansive approach, according to ...

LOS ANGELES- California's legal cannabis market continues to grapple with challenges, as indicated by the latest tax and sales numbers released by the state's Department of Tax and Fee Administration. According to the agency's report this week, the state recorded $216 million in sales during the first quarter of 2023, based on $1.2 billion in ...

LOS ANGELES-- Clearmind Medicine Inc. has selected Yale School of Medicine as the first site in the United States for its Phase I/IIa clinical trial of CMND-100, a proprietary compound aimed at treating alcohol use disorder (AUD). The trial will assess the safety and efficacy of CMND-100, which contains the active ingredient MEAI (5-methoxy-2-aminoindane), a ...

LOS ANGELES-- PharmaDrug Inc.  has announced the appointment of David Posner to its Advisory Committee and as a consultant for strategic initiatives and corporate restructuring. Posner, known for his involvement in the cannabis, psychedelic, and fintech sectors, brings valuable expertise to PharmaDrug. His track record includes founding companies like Red Light Holland and Psyched Wellness, ...

LOS ANGELES-New research published in the journal Chronic Obstructive Pulmonary Diseases has revealed that cannabis use is not associated with a heightened risk of developing chronic obstructive pulmonary disease (COPD), even among individuals who possess a clinically high risk for the disease. The longitudinal study, led by researchers from the University of California, Los Angeles, ...

LOS ANGELES-- Mind Medicine (MindMed), a clinical-stage biopharmaceutical company focused on developing treatments for brain health disorders, provided an update on its Phase 2b study evaluating MM-120 (lysergide D-tartrate) for generalized anxiety disorder (GAD). The study has enrolled and dosed over 50% of the targeted participants and is on track for topline results to be ...

LOS ANGELES--Mid-Day Squares, the brainchild of Nick Saltarelli, Lezlie Karls, and Jake Karls, has emerged as a captivating force in the world of chocolate. This family-owned business has embarked on a mission to combat mid-day sugar cravings with a range of wholesome snacks, all while cleverly weaving its brand identity through a captivating content-driven approach. ...

LOS ANGELES-- Psychedelic-assisted therapy, though still viewed with skepticism by some segments of society, has taken a significant step towards mainstream medical acceptance. The American Medical Association (AMA), a key player in the U.S. healthcare system, has recently announced its intention to develop a set of Current Procedural Terminology (CPT) codes for this emerging field ...

NEW YORK New York's highly anticipated revised cannabis industry regulations were released on Wednesday by the Office of Cannabis Management, sparking excitement among stakeholders who promptly began analyzing the document for significant changes. The new rules are set to be discussed during Thursday's Cannabis Control Board meeting. Legal experts from the East Coast wasted no ...

TEL AVIV-- In a groundbreaking study published in the prestigious scientific journal Nature Plants, Weizmann Institute scientists have uncovered a new way to produce cannabinoids using the Helichrysum umbraculigerum plant. Led by Dr. Shirley (Paula) Berman, the research team discovered an alternative, non-cannabis plant-derived production system that can produce highly efficient and flawless end-to-end cannabinoid ...

LOS ANGELES-- The Michigan Cannabis Regulatory Agency (CRA) is taking steps to build trust in the state's cannabis industry by establishing a new state-run testing lab. The agency hopes that the lab will enable it to stymie the flow of illicit products into the legal market, monitor private sector labs, and establish standard testing methodologies. ...

SYDNEY, Australia-–Cannabis is increasingly being consumed by patients to treat sleep-related issues, particularly insomnia, according to survey data published in the journal Nature and Science of Sleep. Researchers affiliated with the University of Sydney surveyed 1,600 Australians regarding their use of medical cannabis, and found that 64% of those surveyed used cannabis to mitigate symptoms ...