News
JARS Cannabis Acquires Sonoran Roots, Claiming Arizona’s Retail Top Spot
PHOENIX – JARS Cannabis and Sonoran Roots have signed a definitive agreement under which JARS will acquire Sonoran Roots, creating Arizona's largest Cannabis retail network – 27 dispensary locations operating under a single platform. The deal adds Sonoran Roots' eight Ponderosa Dispensary locations (in Chandler, Flagstaff, Glendale, Mesa, Phoenix, Queen Creek, Tempe, and Tucson) to ...
California Tightens Rules on Cannabis Packaging Attractive to Kids
LOS ANGELES – California's effort to draw a sharper legal line around child-appealing Cannabis packaging has cleared the legislature, sending AB 2249 to Gov. Gavin Newsom for final action. The measure, sponsored by Assemblymember Jacqui Irwin (D), received final legislative approval when the Assembly voted 69-1 to concur with amendments made by the Senate. The ...
Massachusetts Opens New Round of Social Equity Applications for Cannabis
BOSTON – The Massachusetts Cannabis Control Commission will begin accepting new applications for its Social Equity Program on September 1, with the intake period running through November 30. The commission will also hold four virtual application clinics, beginning August 26, to help prospective participants understand the program and application process. The Social Equity Program (SEP) ...
Fewer Americans Drink Alcohol as Cannabis Shows Up to the Party
LOS ANGELES – For generations, alcohol held an unquestioned place at the center of adult social life. A drink after work. Beer at the game. Wine with dinner. That relationship is now under measurable pressure: from shifting health views, economic friction, and a plant-derived alternative that until recently carried too much stigma to register at ...
Aurora Disputes the Narrative Behind Curaleaf’s Hostile Bid
EDMONTON – Aurora Cannabis Inc. fired back at Curaleaf Holdings Inc., rejecting the claims the Connecticut-based MSO has been advancing to Aurora shareholders to justify its unsolicited takeover bid. In a statement issued today, Aurora's leadership challenged Curaleaf's portrayal of its business across four fronts: the German medical Cannabis market, the history of pre-bid negotiations, ...
Grown Rogue Pushes East with Planned PharmaCann Acquisition
MEDFORD – Grown Rogue International Inc. announced it has taken the first steps toward the planned acquisition of PharmaCann Inc.'s New York license and assets, through the formation of Grown Rogue New York, LLC (GRNY) as a JV with a capital partner. The venture is structured as a 51/49 split and is supported by project-based ...
Portugal Medical Cannabis Outpaces 2025 Export Run Rate
LISBON – Portugal's medicines regulator, Infarmed, has confirmed that the country exported 66,305 kilograms of medical Cannabis between January and June 2026, equivalent to more than 80% of everything it shipped in all of 2025. At that pace, the full year is on track to comfortably double the previous annual record. The trajectory over the ...
UMiami Hands Over Its 1994 Ibogaine Research to Washington
LOS ANGELES – The University of Miami has donated its original 1994 investigational new drug (IND) application for ibogaine to the federal government, giving Washington direct operational authority over the foundational FDA authorization that made early American research into the psychoactive compound legally possible. President Trump announced the transfer, saying that HHS Secretary Robert F. ...
CRB Monitor and NCS Analytics Partner to Bridge the Cannabis Compliance Data Gap
DENVER – Two of the industry's most data-intensive platforms that have long operated on parallel tracks in the Cannabis compliance space announced a formal partnership, combining regulatory licensing records with real-time operational analytics into a unified intelligence layer for financial institutions. CRB Monitor, the market authority on Cannabis licensing and corporate intelligence, and NCS Analytics, ...
Decibel Reports Q2 2026 Financial Results
CALGARY – Decibel Cannabis Co. Inc. reported second-quarter net revenue of $35.6 million for the period ended June 30, 2026, the best three-month result in the company's history. A licensed Canadian Cannabis producer simultaneously raised its full-year 2026 guidance and announced a 15-to-one share consolidation. Net revenue grew 19% year-over-year, with domestic sales rising 6% ...
Organigram Pulls Sanity Group Into a Single Global Structure
TORONTO – Organigram Global Inc. did not wait out the calendar. Roughly four months after the April 2026 closing of its acquisition of Sanity Group GmbH, the Canadian Cannabis producer announced an accelerated integration of its German subsidiary under a unified global operating structure, backed by senior leadership changes and a restructured earnout agreement. The ...
Aurora Takes Ownership of UK Patient Supply Chain with Birmingham Acquisitions
EDMONTON – Aurora Cannabis Inc. has acquired two licensed UK pharmaceutical entities, consolidating vertical control of its distribution network in one of Europe's most active medical Cannabis markets. Through a wholly owned subsidiary, Aurora announced that it indirectly purchased all of the shares of Internode Pharma Limited, a licensed Cannabis importer and wholesaler, and HAP ...
Texas’s Dazed Inc Claims Expansion and Buyback Strategy
AUSTIN – Dazed Inc., formerly MedX Holdings, Inc., released a corporate update covering retail expansion, Q2 2026 financial results, a planned stock buyback, and product distribution. The company announced a signed franchise agreement for a new Lazydaze Coffeeshop in Dallas. According to Dazed, the brand now has 13 locations in its overall footprint, including 7 ...
Analysis: The DEA Is Now Fighting to Move Cannabis to Schedule III
WASHINGTON, D.C.,- For more than 50 years, the Drug Enforcement Administration has helped enforce federal Cannabis prohibition. This week, the DEA formally argued that Cannabis no longer belongs in Schedule I. In its final written argument following 11 days of hearings, the agency defended moving Cannabis from Schedule I to Schedule III and rejected the ...
Under Delisting Pressure, IM Cannabis Approves Reverse Stock Split
TORONTO – IM Cannabis Corp. (IMCC), a medical Cannabis company operating in Israel and Germany, announced that its board has approved a one-for-thirty share consolidation, effective August 27, with September 15 as the outside date. The consolidation will reduce roughly 18.1 million of its issued and outstanding common shares to approximately 603,900, subject to fractional ...
Johnson & Johnson Signs On to Lead Delix’s $85M Series C
NEW BRUNSWICK – Johnson & Johnson has agreed to lead a Series C financing for Delix Therapeutics, the biotech developing non-hallucinogenic drugs designed to promote neuroplasticity in patients with serious psychiatric conditions. The round is sized at $85 million at a pre-money valuation of $190 million. The financing has not yet closed. The structural terms ...
Analysis: Wall Street Quietly Tests the Water In Cannabis
NEW YORK- For years, institutional investors have largely remained outside the publicly traded Cannabis market. Federal illegality, regulatory uncertainty, limited access to major exchanges and disappointing stock performance have kept most major investment firms on the sidelines. Howard Lutnick with President Trump The latest 13F filings suggest that could be starting to change. Every ...
Earnings Season: Cannabis Operators Deliver a Different Kind of Q2 2026
LOS ANGELES – The Cannabis industry wraps up its second-quarter earnings, and the aggregate picture carries a theme that would have been harder to locate a few years ago. Operators are making money. Profitability, not revenue scale, is the number that commands attention now. Cannamonitor Decide has compiled every result released through mid-August, spanning operators ...
Yale Budget Lab Outlines Multibillion Dollar Future for Federal Cannabis
NEW HAVEN – The fiscal argument for federal Cannabis legalization now has an academic backbone. Yale University's Budget Lab released a comprehensive revenue analysis mapping out what a federal excise tax on Cannabis could realistically generate, and the range of variables that could push that figure considerably higher. According to the report, federal legalization paired ...
Definium Delivers Positive Phase 3 Data for LSD Candidate in GAD
NEW YORK – Definium Therapeutics Inc. has released topline results from the first of two Phase 3 studies testing its LSD-based candidate DT120 in adults with generalized anxiety disorder (GAD). The findings add to earlier Phase 3 data in major depressive disorder. In the Voyage trial, a single 100-microgram dose of DT120 orally disintegrating tablet ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – A hostile takeover bid, a Senate hemp vote that reset the enforcement calendar without solving anything, a state tax repeal with constitutional teeth, a dense Q2 earnings wave, and two landmark banking deals – the fortnight gave the industry more to process than most quarters do. 1. Hostile M&A & Corporate Restructuring ...
Michigan Lawmakers Push to Repeal 24% Cannabis Tax
LANSING – Less than eight months after Michigan imposed a new wholesale Cannabis tax to shore up its road repair budget, a Republican state lawmaker has introduced legislation to eliminate it entirely. House Bill 6224, filed by State Representative James DeSana (R) on July 29 and formally reproduced by the legislature on August 11, would ...
Glass House Brands Reports Q2 2026 Financial Results
LONG BEACH – Glass House Brands Inc. released its Q2 2026 financial results, reporting revenue of $47 million, nearly flat year-over-year but a 64% sequential improvement from Q1 2026. Biomass production reached a company record of 245,746 equivalent dry pounds, surpassing management's guidance and the 230,748 pounds produced in the same quarter last year. Cost ...
OCHBS: From Music to Cannabis: Building Ohio’s Largest Cannabis Conference: Profile: Lenny Berry
Lenny Berry is the Founder and CEO of the Ohio Cannabis Health & Business Summit (OCHBS), one of the Midwest's leading Cannabis conferences. A longtime entrepreneur and former music industry executive, he founded OCHBS in 2019 to bring together patients, healthcare professionals, entrepreneurs, investors, policymakers, and industry leaders to advance Cannabis education, business, and innovation. ...
Curaleaf Launches $272 Million Hostile Takeover Battle for Aurora Cannabis
NEW YORK - Curaleaf Holdings has launched a hostile takeover battle for Aurora Cannabis, publicly announcing plans to take a US$272 million offer directly to Aurora’s shareholders after failing to secure the support of Aurora’s board. If completed, the deal would bring together two of the most recognizable companies in Cannabis and create a global ...
