News
Glass House Brands Achieves GACP Certification for California Farms
LONG BEACH – Glass House Brands Inc. has secured third-party certification under the PJRFSI Cannabis Safety Standard for Good Agricultural and Collection Practice (GACP) across its primary Southern California cultivation infrastructure. The certification confirms the sites meet defined international safety and quality standards for Cannabis cultivation. Additionally, this regulatory development positions the company to align ...
Compass Builds a Commercial Case for COMP360
NEW YORK – Compass Pathways is advancing COMP360, its proprietary synthetic psilocybin for treatment-resistant depression (TRD), through a rolling FDA New Drug Application, with a commercial launch targeted for H1 2027. Alongside the regulatory push, the company has begun laying out the practical architecture of how COMP360 will be sold, administered, billed, and accessed – ...
Illinois Legal Cannabis Sales Hit New Highs While Tax Revenues Drop
SPRINGFIELD – When Illinois released its annual Cannabis report this month, the numbers looked troubling on the surface. Total reported retail sales dropped to about $1.5 billion in fiscal year 2026, down from nearly $2 billion the year before. State Cannabis retail tax revenue also declined, to $423 million, a reduction of 3.6%. However, a ...
Cantourage Locks In Green Karat as EU-GMP Certified Supplier
BERLIN – Cantourage Group SE has announced an expanded supply agreement with Canadian craft producer Green Karat, following the company's receipt of EU-GMP certification, effective October 1, 2026. Under the arrangement, Cantourage serves as Green Karat's exclusive distribution partner across the European Union and the United Kingdom. As a sponsor and certification partner throughout the ...
Dutch Medical Cannabis Giant Bedrocan Goes Bankrupt
GRONINGEN – The District Court of Northern Netherlands officially declared Bedrocan bankrupt, after the company sought a suspension of payments in late September, ending a more than two-decade run as the country's sole licensed medical Cannabis cultivator. The ruling arrived roughly two weeks after Bedrocan filed for creditor protection – a last-ditch effort that the ...
PharmAla Biotech and Rua Bioscience Partner to Supply Medicinal MDMA to New Zealand
TORONTO - TAIRĀWHITI – PharmAla Biotech and Rua Bioscience announced they have signed a distribution and licensing agreement under which Rua will import, distribute, and sell PharmAla’s pharmaceutical-grade LaNeo™ MDMA capsules to authorized prescribers (APs) across New Zealand. Those authorizations arrived from Medsafe, New Zealand’s medicines regulator. On September 4, 2026, New Zealand’s medicines regulator ...
Decibel Partners with Hilltop Leaf to Scale Medical Cannabis in UK
CALGARY – Decibel Cannabis Co. Inc. announced it has signed a brand licensing agreement with UK-based Hilltop Leaf Ltd., granting the pharmaceutical cannabinoid company a limited license to distribute its General Admission and Standard Issue flower brands to British medical Сannabis patients. The initial rollout, planned for Q4 2026, covers fifteen General Admission and Standard ...
Aurora Rebrands German EU-GMP Production Hub, Doubles Flower Output
EDMONTON – Aurora Cannabis Inc. announced the completion of a major expansion at its EU-GMP manufacturing facility in Leuna, Germany. The company is projecting annual flower output at the site to more than double as a result of the investment. To commemorate the site's transformation, the facility has been renamed Aurora Horizon, a name selected ...
Tilray Brands Reports Fiscal Q1 2027 Financial Results
NEW YORK - LONDON – Tilray Brands Inc. reported that net revenue for the three months ended August 31, 2026, climbed 23% year-over-year to $257.1 million, setting a new record for the company's opening fiscal quarter. Gross profit rose 35% to $77.5 million, with overall gross margin widening to 30% from 27%. The engine behind ...
DEA Opens Schedule III Registration Path for Medical Cannabis Operators
WASHINGTON – The Drug Enforcement Administration’s Diversion Control Division has launched the application process, making DEA Form 225 available to state-licensed medical Cannabis manufacturers, distributors, and analytical labs. Manufacturers cover cultivation, production, processing, packaging, labeling and transfer. Distributors handle receiving and transferring product. Labs focus on testing. The portal follows an April order from the ...
LA Gives Delinquent Cannabis Operators One More Year
LOS ANGELES – The Los Angeles City Council voted Tuesday to delay tax-compliance restrictions that would have blocked more than 100 Cannabis businesses from renewing their licenses at year's end. The decision came down to a timing problem: a tax amnesty program intended to give struggling operators a structured path to compliance simply was not ...
Trulieve Retires Florida Cultivation Mortgage Ahead of Schedule
TALLAHASSEE – Trulieve Cannabis Corp. announced the full early repayment of mortgage notes secured by a cultivation facility in Jefferson County, Florida, bringing total outstanding debt down to approximately $225 million, according to the company's press release. The approximately $65 million mortgage was retired before its scheduled maturity date, funded through operating cash flow. Trulieve ...
Cannara and Curaleaf Strengthen Ties Across Global Cannabis Supply Chain
MONTREAL – Cannara Biotech Inc. has broadened its long-term supply agreement with Curaleaf International Limited, raising the contract's potential aggregate value to roughly CA$34 million across its two-year term. The original deal, first disclosed in July, was valued at up to CA$21 million – a figure the revised terms now exceed by approximately 60%, provided ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – Something shifted last fortnight, and the numbers show it. A cross-border acquisition fight is escalating in public and raising its own price, with hundreds of millions of dollars and an entire European supply chain on the table. Meanwhile, index committees are admitting Cannabis MSOs to their ranks, psychedelics investors are writing nine-figure ...
Should You Stay in the Cannabis Industry—or Should You Leave?
SAN DIEGO -My friend Annie Starr, a Harvard MBA, and a marketer I admire, recently left the Cannabis industry, and I thought it was a shame to see someone of her talent go. But as the market consolidates, opportunities for people of her caliber can become harder to find. Her departure got me thinking about ...
Curaleaf Raises Bid to Acquire Aurora Cannabis
STAMFORD – Curaleaf Holdings Inc. announced it will file a notice to increase its acquisition offer for Aurora Cannabis Inc. to US$5.00 per share. Under the enhanced terms, Aurora shareholders would receive 0.4013 Curaleaf shares plus US$1.00 in cash per Aurora share, with maximum consideration rising to US$6.00 per share. The cash component alone reflects ...
Ohio Sets New Package and Potency Limits for Cannabis Products
COLUMBUS – The Ohio Department of Commerce Division of Cannabis Control adopted the rule, which applies to products intended for direct sale to recreational consumers and medical patients. It generally bars products from exceeding 90% THC. Packages of dried flower are limited to one ounce. Raw single-serving units may contain no more than one gram ...
Curaleaf Secures Australian Approval for Medical Cannabis Inhaler, Lists in New Zealand
LONDON – Curaleaf International, part of Curaleaf Holdings, Inc., in partnership with Jupiter Research LLC, announced that its Que Medical Inhalation Device (QMID) has been registered by Australia's Therapeutic Goods Administration (TGA) as a Class IIb Medical Device in the Australian Register of Therapeutic Goods (ARTG). This makes the QMID the first device for the ...
BetterLife Closes $100M Offering for Neurological Drug Pipeline
VANCOUVER – BetterLife Pharma Inc. closed a US$100 million public offering, providing capital to take its lead candidate through Phase I and Phase II clinical trials for cluster headache and migraine. Deep Track Capital led the financing, joined by Coastlands Capital, Marshall Wace, RA Capital Management, and Perceptive Advisors – a group of specialized healthcare ...
DEA Judge Stalls Cannabis Rescheduling Over Process Gaps Report
WASHINGTON – Federal adult-use Cannabis rescheduling is at a standstill. Again. This time, the trigger is a government audit that found the Drug Enforcement Administration (DEA) and the Food and Drug Administration (FDA) have long conducted scheduling evaluations without comprehensive written procedures in place. On September 29, DEA Chief Administrative Law Judge Derek C. Julius ...
NCS Analytics Partners with Cannabiz Credit Association on Lending Data
DENVER – NCS Analytics and Cannabiz Credit Association have entered an exclusive agreement that links payment histories to existing operational risk tools. The arrangement targets lenders evaluating licensed Cannabis businesses and aims to give them a clearer view of both performance and repayment behavior. CCA’s data set, covering more than $3.7 billion in verified payment ...
Vireo Growth Ties Ohio Note to Shares via Put/Call Agreement
MINNEAPOLIS – Vireo Growth Inc. announced that it entered a Put/Call Agreement with Battle Green Holdings SR LLC – the current holder of a promissory note originally issued by BG Ohio SPV LLC. The principal on the note stands at $18,096,028. Under the terms, Battle Green Holdings holds the Put Right [the ability to require ...
BLAZE Rolls Out AI Connector for Cannabis Dispensaries
ANAHEIM – Cannabis retail software provider BLAZE has introduced a new tool that links common AI assistants directly to its platform data. The release aims to let operators query inventory, adjust promotions and manage other tasks through everyday language prompts. The product, called BLAZE MCP or Model Context Protocol, connects assistants like Claude and ChatGPT ...
Study Finds Strong Consumer Support for State Cannabis QR Codes
LOS ANGELES – Cannabis Public Policy Consulting conducted the study, surveying over 3,000 past-month Cannabis consumers across 33 U.S. jurisdictions with legal medical or adult-use markets. Metrc commissioned the work, though the consulting firm retained independent control over methods, findings and conclusions. Respondents viewed a demonstration of a state-issued QR code linking to laboratory results, ...
Nasdaq’s $5M Delisting Rule: Frozen, Not Finished
WASHINGTON – The Securities and Exchange Commission (SEC) approved a new Nasdaq listing requirement on July 22, stayed it seven days later after receiving petitions, and on September 11 formally granted those petitions for full agency review. Comments are accepted through October 6. Filed as SR-NASDAQ-2026-004, the rule would require all companies listed on the ...
