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California Cannabis Distribution Giant Herbl Faces Legal Battle as Industry Struggles with Financial Squeeze

LOS ANGELES -California-based cannabis distribution giant Herbl is embroiled in a legal dispute as it seeks to recover approximately $10 million in unpaid debts from retailers. The company, which fell into receivership in June, has become the center of a contentious struggle that reflects the larger financial challenges facing California's cannabis industry. In a significant ...

July 6th, 2023|

Australia Takes Lead in Offering Psychedelic Treatment for Mental Health

SYDNEY, Australia--In a groundbreaking move, Australia has emerged as a global leader in mental health treatment by embracing the therapeutic potential of psychedelic substances such as MDMA (commonly known as ecstasy) and psilocybin (found in magic mushrooms). Recognizing the urgent need for innovative approaches to tackle the rising tide of mental health disorders, the Australian ...

July 3rd, 2023|Tags: , |

Brownie Mary: Remembering the Remarkable Legacy of a Cannabis Crusader

SAN FRANCISCO — Brownie Mary, a tireless advocate for cannabis legalization, who captured the hearts and minds of many with her compassion and unwavering commitment to social justice, remains an iconic figure in the movement. Even years after her passing, her legacy continues to inspire and shape the ongoing fight for cannabis reform across the ...

July 3rd, 2023|

Maryland Becomes 20th State to Launch Adult-Use Cannabis Sales

LOS ANGELES-- Starting July 1, Maryland will join the growing list of states in the United States to legalize adult-use cannabis sales. This milestone comes less than eight months after the state's voters approved a constitutional amendment proposed by the state Legislature. With a population of 6.2 million residents, Maryland's move means that 45% of ...

June 30th, 2023|

Florida Supreme Court to Review Proposed Cannabis Legalization Amendment

LOS ANGELES-- In a recent development, Florida's attorney general, Ashley Moody, has filed a request with the state Supreme Court to reject a proposed constitutional amendment aimed at legalizing cannabis for adult use in the Sunshine State. Citing concerns over potential voter deception, Moody argued that the ballot summary would be misleading in key aspects, ...

June 29th, 2023|
  • Phylos Named in mg Magazine's 50 Best Companies to Work for in Cannabis

Glass House Brands Files Defamation Lawsuit Against Catalyst Cannabis Over Illicit Market Claims

LOS ANGELES-- California-based Glass House Brands Inc. has taken legal action against Catalyst Cannabis and its leadership, filing a defamation lawsuit in response to allegations made by Catalyst that Glass House is the "biggest black marketeer" of cannabis in American history. Glass House Brands filed the lawsuit, which also accuses Catalyst of violations of California's ...

June 28th, 2023|

Florida Governor Ron DeSantis Signs Legislation Granting Medical Cannabis Licenses to Black Farmers and Expanding Telehealth Renewals

TALLAHASSEE - Florida Governor Ron DeSantis has signed a bill into law that aims to address longstanding inequities in the state's medical cannabis industry. The legislation provides medical cannabis cultivation licenses specifically to Black farmers who had previously qualified for the permits but were excluded from the final issuance. Additionally, the law expands telehealth services ...

June 27th, 2023|
  • United States Cannabinoids Market Analysis

Tennessee Implements 6% Sales Tax on Hemp-Derived Cannabinoid Products as of July 1

NASHVILLE-- Tennessee residents purchasing products containing hemp-derived cannabinoids, including CBD, delta-8 THC, delta-9 THC, and delta-10 THC, will soon face an additional 6% "privilege" sales tax starting July 1. The state's Department of Revenue has announced this tax, which will be levied on top of the existing standard state sales tax rate of 7%. Tennessee ...

June 27th, 2023|

Colorado Governor Jared Polis Announces Plans to Pardon Convictions Related to Psychedelics

DENVER - In a groundbreaking move, Governor Jared Polis of Colorado (D) unveiled his intention to issue pardons for all criminal convictions in the state pertaining to psychedelic drugs. The announcement came during his speech at the recently held Psychedelic Conference in Denver, according to reliable sources. Governor Polis, who last month signed a bill ...

June 26th, 2023|

Minnesota Embraces Cannabis Legalization, Paving the Way for Lucrative Business Ventures

MINNEAPOLIS - In a significant development, Minnesota has joined the ranks of adult-use cannabis states, creating a promising landscape for potential business opportunities. After months of legislative deliberation, the state became the 23rd in the nation to legalize cannabis for recreational use, signaling a significant shift in its approach to the market. Under the newly ...

June 26th, 2023|

Minnesota Craft Brewers Embrace New Cannabis Law, Expanding Opportunities for Low-Dose THC Beverages

LOS ANGELES--  Minnesota's craft brewing industry is abuzz with excitement following the enactment of a new cannabis law in the state. Industry leaders actively sought further regulations regarding THC-infused beverages and expressed their satisfaction with the recently signed legislation by Governor Walz, as reported by local news station KARE. The new law establishes clear guidelines ...

June 22nd, 2023|

California Department of Cannabis Control Awards $4.145 Million in Grants to Expand Access to Regulated Cannabis Retail

LOS ANGELES-- In an effort to bolster access to licensed retail cannabis, the California Department of Cannabis Control (DCC) announced on Tuesday that it has granted a total of $4.145 million to 18 municipalities across the state. Notably, $870,000 of these grants have been allocated to jurisdictions seeking to issue licenses to operators who have ...

June 22nd, 2023|

Nevada Enacts Comprehensive Cannabis Reform, Expanding Possession Limits and Easing Industry Restrictions

NEVADA-- In a significant development for the cannabis industry, Nevada Governor Joe Lombardo, a Republican, signed an omnibus cannabis bill into law last week. The new legislation, which was sponsored by state Senator Dallas Harris, a Democrat, brings about several changes that are poised to reshape the cannabis landscape in the state. These changes include ...

June 21st, 2023|

Alabama Medical Cannabis Program Awards Business Licenses, Paving the Way for Patient Access

LOS ANGELES-- Alabama has achieved a significant milestone in its medical cannabis journey as the state's medical cannabis program moves forward with the awarding of business licenses. Limited access to medicinal cannabis had been permitted under "Carly's Law," which was enacted in 2014. However, recent efforts to expand medical cannabis legalization faced repeated setbacks until ...

June 20th, 2023|

Michigan Cannabis Regulatory Agency Revokes Candid Labs’ Licenses for Violations

LOS ANGELES-- In a recent development, the Michigan Cannabis Regulatory Agency (MRA) has permanently revoked the business licenses of Candid Labs, operating as Layercake Farms 2, located near Owosso. Owned by Ramon Hana, Candid Labs is a prominent medical and adult-use cannabis processor situated at 1850 Parmenter Road in Corunna. The decision to revoke the ...

June 19th, 2023|

Louisiana Moves Towards Expungement Reform, Allowing Clear Path for Cannabis Offenders

LOS ANGELES-- In a significant step towards criminal justice reform, lawmakers in Louisiana's House and Senate have approved legislation that paves the way for the expungement of marijuana possession convictions. House Bill 286, now on its way to Democratic Governor John Bel Edwards, proposes changes that would streamline the process, offering relief to first-time offenders ...

June 16th, 2023|

Hexo’s Acquisition by Tilray Hangs in the Balance, Putting Hexo at Risk of Default

LOS ANGELES-- Canadian licensed cannabis producer Hexo Corp. faces a critical juncture as its acquisition by Tilray Brands hangs in the balance. In a near-unanimous vote, Hexo shareholders approved the acquisition on Wednesday. However, the deal must be completed by the end of the month; otherwise, Hexo could face default, as warned in its third-quarter ...

June 15th, 2023|

Alabama Medical Cannabis Commission Grants Licenses to Cannabis Businesses

LOS ANGELES -- In a momentous development for the medical cannabis industry in Alabama, the Alabama Medical Cannabis Commission (MCC) announced the recipients of its highly anticipated first round of business licenses. The MCC, responsible for overseeing the implementation of the state's medical cannabis program, awarded licenses to a total of 21 entities across various ...

June 15th, 2023|

Cannabis Industry Giant Glass House Faces Lawsuit Alleging Illicit Market Activities

LOS ANGELES-- In a daring move that has caught the attention of the cannabis industry, Catalyst Cannabis Co.'s CEO, Elliot Lewis, has taken legal action against Glass House Brands, one of California's leading cannabis mega-growers. Lewis's audacious lawsuit, filed last week in Los Angeles County Superior Court, accuses Glass House of being a significant player ...

June 14th, 2023|

Pennsylvania House Judiciary Committee Considers Resolution Urging Federal Descheduling of Cannabis

LOS ANGELES -- The Pennsylvania House Judiciary Committee is currently examining a resolution that urges the federal government to remove cannabis from the list of controlled substances. The resolution highlights that 38 U.S. states and four territories have implemented regulations for medical cannabis, while 21 states, two territories, and Washington, D.C. have legalized cannabis for ...

June 12th, 2023|

USDA Acknowledges Hemp’s Significance by Adding It to Agricultural Technical Advisory Committee Title

LOS ANGELES-- The U.S. Department of Agriculture (USDA) has made a noteworthy move that underscores the recognition of hemp as a valuable commodity. The agency will include hemp in the title of one of its Agricultural Technical Advisory Committees (ATACs), highlighting the crop's importance within the agricultural industry. According to a notice of intent issued ...

June 12th, 2023|

Senate Committee Considers Cannabis Banking Reform Legislation Amidst Competing Priorities

WASHINGTON — A crucial piece of legislation concerning cannabis banking reform may finally be gaining traction in the U.S. Senate, according to statements made by a prominent Democratic senator. The SAFE Banking Act, which aims to address the financial challenges faced by the cannabis industry, has previously passed the House of Representatives on multiple occasions, ...

June 9th, 2023|

FDA Regulation of CBD: Bipartisan Measures Introduced in the House

LOS ANGELES-- In response to the U.S. Food and Drug Administration's (FDA) call for congressional regulation of cannabidiol (CBD), two bipartisan measures have been reintroduced in the House of Representatives by U.S. Reps. Morgan Griffith (R-Va.) and Angie Craig (D-Minn.). These measures aim to establish clear regulatory frameworks for CBD, utilizing existing guidelines. The first ...

June 8th, 2023|

C21 Investments Faces Securities Commission Cease Trade Order Amidst Financial Statement Delay

LOS ANGELES-- C21 Investments Inc., a prominent vertically integrated company operating in the cannabis sector, has encountered a significant setback as the British Columbia Securities Commission (BCSC) issued a Cease Trade Order against the company's securities. The order comes in response to C21 Investments' failure to file its audited annual financial statements and management discussion ...

June 7th, 2023|
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