News
NY Cannabis Hits First $500M Quarter
NEW YORK – New York's legal Cannabis market set a new record by closing 2025 with its first quarter exceeding $500 million in sales, positioning the state for continued strong performance into 2026. The Office of Cannabis Management (OCM) reported that total adult-use and medical sales reached $1.69 billion for 2025, approaching a $2 billion ...
Dutchie Launches Round Up the Change for Cannabis Justice
BOSTON – Dutchie, the Cannabis e-commerce and point-of-sale platform, has rolled out Round Up the Change, a straightforward new feature that lets customers turn pocket change into support for Cannabis justice reform and legalization. The program prompts shoppers at participating dispensaries [whether in-store or online] to round up their total to the nearest dollar during ...
Gelato Cannabis Unifies Multi-State Structure
SAN DIEGO – Gelato Cannabis announced that it has completed the acquisition of its California operations, integrating them under a single ownership and leadership framework that now spans California, Michigan, and Arizona. The move brings the company's home-state presence [where the Gelato brand originated as a premium lifestyle label known for flower, vapes, edibles, and ...
Aurora Cannabis Reports Q3 FY 2026 Financial Results
EDMONTON, AB – Aurora Cannabis Inc. posted total net revenue of $94.2 million for its fiscal third quarter ended December 31, 2025, a 7% increase from $88.2 million in the comparable period a year earlier. The growth stemmed primarily from the company's global medical Cannabis operations, which reached a record $76.2 million in net revenue, ...
Clearmind Featured in Bipartisan Veterans Therapy Bill
WASHINGTON D.C. – The recent introduction of bipartisan legislation in the U.S. House of Representatives has drawn attention to Clearmind Medicine Inc.'s proprietary compound MEAI as part of efforts to broaden veterans' access to certain emerging therapies. Clearmind announced that MEAI was explicitly named in H.R. 7091, the Expanding Veterans’ Access to Emerging Treatments Act ...
Beverage Emulsion Market Projected to Reach $3.3B by 2035
LOS ANGELES – The beverage emulsion market, a key ingredient sector for flavor stability and cloud effects in drinks, continues to show steady expansion according to recent industry data. Towards FnB, a market research firm affiliated with Precedence Research, projects the global beverage emulsion market to reach $2.3 billion in 2026 and climb to $3.3 ...
Law Firm Warns of Bankruptcy Cliff for Hemp Sector
LOS ANGELES – A warning from a Cannabis law firm has drawn attention to a potential deadline facing parts of the hemp sector: businesses heavily involved in products that could become federally illegal after November 12, 2026, should consider their options for federal bankruptcy protection now, while they remain eligible. The alert stems from an ...
A LIFE IN A DAY: Craig Rose: Co-Founder & Chief Spiritual Creative: Spiritual Plants
In this edition of A LIFE IN A DAY, we catch up with Craig Rose, a founder and storyteller with a knack for walking straight into the conversations most people avoid—and in the pages that follow, he lets us in on the routines, questions, and small rituals that shape his days. Craig Rose is a ...
The Garden Returns: Spiritual Plants Launches a New Category of Plant Medicine Rooted in Ritual, Not Recreation
LOS ANGELES, CA — Spiritual Plants today announced its formal market entry as a belief-driven plant medicine platform built around ritual, intention, and repeatable practice—not recreational hype or potency escalation. Founded by cultural strategist and movement-maker Craig Rose and clean-label cannabis pioneer Guy Rocourt, Spiritual Plants introduces a new category in cannabis and hemp: one ...
Cronos Introduces Premium Brand to Israeli Medical Cannabis Market
TORONTO – Cronos Group Inc. has launched its premium Cannabis brand in Israel, making five indoor-grown strains available to medical patients through pharmacies across the country. The announcement represents the latest step in Cronos' strategy to extend its branded products beyond North America into established international markets. Israel maintains one of the world's more mature ...
Washington Senate Committee Advances Home Cannabis Cultivation Bill
WASHINGTON – The Washington State Senate Labor & Commerce Committee has approved Senate Bill 6204, advancing legislation that would permit adults 21-plus to grow limited amounts of Cannabis at home for personal use. Introduced in January by Democratic Sens. Rebecca Saldaña, Noel Frame, and T’wina Nobles, the measure cleared the committee on February 3 in ...
West Virginia and Mississippi Advance Ibogaine Research Bills
CHARLESTON–JACKSON – Lawmakers in West Virginia and Mississippi have advanced legislation to support research into ibogaine, a psychedelic compound derived from the iboga plant, with the goal of pursuing FDA approval for its use in treating opioid use disorder and related conditions. In West Virginia House Bill 4626 established a grant program to fund public-private ...
UCLA Partners with Terpene Belt Farms to Research Cannabis Flavors
LOS ANGELES – Terpene Belt Farms, a subsidiary of Nexus Agriscience, has been selected as the industry partner in a University of California-led research funded by a $1.23 million grant from the California Department of Cannabis Control (DCC). Announced in late December 2025, this two-year project, titled "Characterization of Naturally Occurring Organoleptic Compounds for Inhalable ...
Virgin Islands Sets Fall 2026 Target for Legal Cannabis Retail Launch
CHARLOTTE AMALIE – The U.S. Virgin Islands Office of Cannabis Regulation has accelerated its timeline for the start of licensed Cannabis sales, with executive director Joanne Moorhead stating that regulated retail operations are now expected to begin this fall. This represents a shift from earlier projections. In mid-January 2026, Moorhead indicated that sales could commence ...
Florida Cannabis Legalization Initiative Fails to Qualify for 2026 Ballot
LOS ANGELES – Florida Secretary of State Cord Byrd announced that the Smart & Safe Florida campaign failed to submit the required number of valid signatures to qualify its proposed constitutional amendment for the ballot. The initiative needed 880,062 verified signatures from registered voters to advance. State records showed approximately 783,592 valid signatures, falling well ...
Psychedelic Pharmacists Foundation Launches to Advance Education and Research
PORTLAND – The Psychedelic Pharmacists Association (PPA) has launched the Psychedelic Pharmacists Foundation (PPF), a new nonprofit entity focused on education, research, and public awareness of responsible psychedelic medicine integration. The PPF will operate as a sister organization to the PPA, which has served as a professional community for pharmacists and allies interested in the ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – The Cannabis and Psychedelics worlds delivered a fresh wave of momentum that’s turning heads from boardrooms to ballot boxes. States pushed bold new frontiers in therapeutic access, millions of Americans embraced microdosing for everyday edge, heavyweights expanded their footprints both locally and internationally, and science unlocked ancient secrets for smarter production. Federal ...
DOJ Keeps Silent on Cannabis Rescheduling Updates
WASHINGTON – It's been more than 40 days since President Donald Trump signed an executive order calling for the swift rescheduling of Cannabis, yet the Department of Justice (DOJ) remains tight-lipped on any progress. A DOJ spokesperson, Wyn Hornbuckle, Deputy Director of Public Affairs, told yesterday that the department has “no comment or updates” on ...
High Tide Reports Q4 and Full FY 2025 Financial Results
CALGARY – High Tide Inc., the Canadian Cannabis retailer operating the Canna Cabana dispensary chain, released its audited financial results for the fourth quarter and full fiscal year ended October 31, 2025, reporting record revenue levels and improved operational metrics in its core retail business. For the fourth quarter, revenue reached $164 million, marking a ...
Viridian Forecasts Accelerated M&A in Cannabis This Year
LOS ANGELES – Viridian Capital Advisors, a New York-based firm specializing in Cannabis finance and advisory services, has released its Key Insights for the U.S. Cannabis sector in 2026. The firm's analysts forecast a pickup in merger and acquisition activity, driven by several converging factors. A key catalyst, according to Viridian, will be the completion ...
Trulieve Raises $60M in Senior Secured Notes
TALLAHASSEE – Trulieve Cannabis Corp. announced the completion of the second tranche of its private placement of 10.5% senior secured notes due in 2030, generating $60 million in principal. The closing follows the initial issuance of notes totaling $140 million in December last year, bringing the aggregate principal amount raised through the offering to $200 ...
Canix Acquires Trym, Fits into Larger Consolidation Pattern in Cannabis
LOS ANGELES – San Francisco-based Canix, a provider of enterprise resource planning (ERP) software for Cannabis businesses, has acquired Trym, a specialized cultivation management platform. The deal combines Canix's comprehensive ERP system [which handles cultivation through distribution, inventory, manufacturing, and pricing, including granular profit calculations] with Trym's focused tools for grow operations. Trym's features include ...
Cannabis Cultivation Market Forecast to Reach $465B by 2030
LOS ANGELES – A recent report from Research and Markets projects the global Cannabis cultivation market to reach $464.91 billion by 2030, up from $207.46 billion in 2025, reflecting a compound annual growth rate (CAGR) of 17.4% from 2026 onward. The analysis attributes this trajectory to sustained legalization efforts across jurisdictions, growing consumer preference for ...
Virginia Lawmakers Approve Bill to Establish Regulated Cannabis Sales
RICHMOND – The Virginia House General Laws Committee voted 19-2 to approve legislation that would lay the groundwork for legal retail sales of recreational Cannabis, bringing the state closer to filling a longstanding gap in its Cannabis policy. The measure, carried by Del. Paul Krizek (D), builds directly on recommendations from the Joint Commission to ...
Chicago’s United Center Inks Deal with RYTHM Inc to Sell Hemp-Derived THC Beverages
CHICAGO – The United Center, the largest indoor entertainment arena in the United States and home to the Chicago Bulls and Blackhawks, has agreed to a multiyear partnership with Chicago-based RYTHM Inc. to sell hemp-derived THC drinks, a move that positions it as the first major U.S. sports and entertainment venue to offer such products ...
