News
The Canadian Workaround: Why U.S. Cannabis Companies May Need a Canadian Entity to Restructure
NEW YORK- Cannabis has produced a workaround that shouldn’t exist—but now does. If you’re a U.S. Cannabis company in distress, you can’t reliably rely on U.S. bankruptcy courts. So an emerging playbook is taking shape: File in Canada. Then use the U.S. only to recognize it. That’s exactly what The Cannabist Co. has done. Cannabist ...
Louisiana Bill Would Tap Opioid Settlement Funds for Psychedelic Therapy Studies
BATON ROUGE – Louisiana lawmakers have advanced legislation that would let the state direct money from opioid lawsuit settlements toward clinical research on psychedelic-assisted therapy. Senate Bill 43, sponsored by Sen. Patrick McMath (R), would create the Psychedelic-Assisted Therapy Program inside the Louisiana Department of Health. The measure targets studies on ibogaine and psilocybin [and ...
India Awards First Public Funding for Cannabis Research in More Than 50 Years
NEW DELHI – The Indian government has awarded public funding to a Cannabis genetics project, the first such grant to a private company since the Narcotic Drugs and Psychotropic Substances Act took effect in 1985. Delta Botanicals & Research, a Bhubaneswar-based firm, received the support through the Department of Agriculture and Farmers Welfare under the ...
Charlotte’s Web Reaches Deal with BAT Unit to Convert Debt into Equity
LOUISVILLE – Charlotte’s Web Holdings Inc., the Colorado-based maker of CBD hemp extract products, announced it had reached an agreement with a subsidiary of British American Tobacco (BAT) to convert a large convertible debenture into common shares and secure a fresh $10 million cash infusion. The transaction would eliminate roughly $65 million in long-term debt ...
New York Celebrates the Five-Year Anniversary of Cannabis Legalization
ALBANY – Governor Kathy Hochul marked the five-year anniversary of New York’s Cannabis legalization measure, reporting $3.3 billion in total retail sales and more than 600 licensed dispensaries operating statewide. The Marihuana Regulation and Taxation Act, signed March 31, 2021, legalized adult-use Cannabis for people 21-plus, created the Office of Cannabis Management and set rules ...
From Survival to Execution: Hall of Flowers Ventura Reflects an Evolving Cannabis Industry
LOS ANGELES- Hall of Flowers Ventura continues to set the standard for what a modern Cannabis industry event should look and feel like—focused, curated, and highly effective. Hall of Flowers Ventura this past March 18 & 19th brought the industry together last week in Ventura for two high-impact days centered on real business activity and ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – The U.S. Cannabis sector has settled into a phase defined by operational discipline rather than continued expansion. While mature markets continue to generate reliable revenues, wholesale price compression and margin erosion have forced some operators to consolidate assets, close underperforming facilities, and sharpen their focus on boosting efficiency. At the same time, ...
Updated: Europe’s Cannabis Business Events 2026
BERLIN- Europe’s Cannabis market is moving from theory to execution. And the clearest signal is the event calendar. From Berlin to London to Prague, the sequence of events tells a story—not just of geography, but of how the market is maturing: policy first, then capital, then culture, then scale. Below is the 2026 European Cannabis ...
Prohibition Partners Releases Global Medical Cannabis Market Review 2026
LONDON – With medical Cannabis exports increasingly concentrated among a small number of large-scale producers and patient markets advancing at different rates depending on local rules and access models, Prohibition Partners has released its Global Medical Cannabis Market Review 2026. The report maps the latest developments in cross-border supply flows, patient sector activity, and supply-chain ...
Element 7 Schedules Receivership Auction for its Dispensary Portfolio
LOS ANGELES – Element 7 is heading into a court-ordered receivership auction for its portfolio of seven dispensary locations after a breach-of-contract lawsuit. Court-appointed receiver Kevin Singer will conduct the sale on April 1 at 2 p.m. The assets, which include inventory, retail licenses where active, furniture, fixtures, equipment, intellectual property and other intangibles, will ...
LEEF Brands Reports Q4 and FY 2025 Financial Results
VANCOUVER – LEEF Brands Inc. released its fourth-quarter and full-year 2025 financial results, showing the first clear effects of its shift to in-house cultivation at the Salisbury Canyon Ranch in California. In an industry still dealing with soft wholesale prices and cash-flow pressures, the company pointed to lower biomass costs and steadier operations in H2 ...
M&A Heats Up: Kiva Sales & Service and Petalfast Sign LOI to Combine Operations
LOS ANGELES- Kiva Sales & Service (KSS) has signed a letter of intent to combine with Petalfast, marking another consolidation move in California’s Cannabis distribution and sales infrastructure. The proposed transaction would bring together two established operators across sales, distribution, and retail engagement, with combined operations spanning California and Arizona. The companies also indicated longer-term ...
Georgia Expands Medical Cannabis Program with SB 220: What It Means for Patients and Operators
ATLANTA- The state of Georgia is on the verge of a meaningful shift in its medical Cannabis program. Legislation passed by the Georgia General Assembly—Senate Bill 220—would significantly expand the types of Cannabis products available to patients, moving the state beyond its historically restrictive, low-THC framework. From Limited THC to Full Medical Program For years, ...
Cheech and Chong Ink Distribution Deal with Breakthru
LOS ANGELES – Cheech and Chong’s Global Holding Company has entered a strategic partnership with Breakthru Beverage Group to bring its line of hemp-derived THC drinks to a much broader audience across key U.S. markets. The agreement pairs the comedy duo’s branded beverages with one of the country’s largest alcohol and beverage wholesalers. Breakthru Beverage ...
C-Stores Press Ahead with Hemp-Derived Products as Regulations Tighten
LOS ANGELES – Major convenience store operators keep stocking hemp-derived THC beverages and related items on shelves in states where sales remain legal, even as a federal overhaul set to take effect in November 2026 threatens to ban most of them nationwide. The moves come after Congress approved changes in November 2025 to the 2018 ...
Auxly Reports Q4 and FY 2025 Financial Results
TORONTO – In the Canadian Cannabis industry that continues to reward discipline and brand strength, Auxly Cannabis Group Inc., known for its focus on consumer-packaged goods and leading brands, has posted solid results for the fourth quarter and full year 2025, underscoring its position as one of the more consistent performers among licensed producers. The ...
Gilgamesh Pharma Raises $60M to Fund Its Remaining Neuropsychiatric Assets
NEW YORK – Gilgamesh Pharma, the clinical-stage neuroscience company formed last year after AbbVie acquired its predecessor’s lead psychedelic-derived program, announced it had completed an oversubscribed $60 million Series A financing. The round was led by Satori Neuro and included participation from Prime Movers Lab, which backed earlier rounds of the original Gilgamesh Pharmaceuticals, along ...
The ROI Investors Are Ignoring Within the Cannabis Industry
LOS ANGELES- Industrial hemp has more ROI potential than the medicinal and intoxicating side for a simple reason: industrial hemp is a raw material that can be swapped into enormous existing markets, while medicinal products are constrained by a small set of delivery formats and a much higher regulatory playing field. On the medicinal side, ...
The 2nd Annual Cannalaugh Kicks Off March 28 in Chicago
CHICAGO- CannaLaugh, a live event series combining nationally touring stand-up comedians with cannabis education, will host its second annual event on March 28. The event, scheduled to take place at the Galleria Chicago at 9 W. Division Street, will feature touring comics Mike Samp, Big Keef, Zako Ryan, and Casey The Icon. The experience continues ...
Glass House Brands Reports Q4 and FY 2025 Financial Results
LONG BEACH – In a sector still adjusting to ongoing wholesale pricing pressures in California, Glass House Brands Inc. has released its fourth-quarter and full-year 2025 earnings, showcasing the effects of deliberate operational decisions and emphasizing consistent performance in its retail segment, alongside a robust recovery strategy. The company posted fourth-quarter revenue of $38.9 million ...
Legal Cannabis Sales Are on Track to Rebound in 2026, Whitney Economics Forecasts
NEW YORK – After a year that delivered the first outright decline in nationwide legal Cannabis revenue since the modern regulated market took shape more than a decade ago, the industry is receiving a measured dose of optimism from one of its most closely watched forecasters. Whitney Economics has concluded that 2026 will mark a ...
Rubicon Organics Reports Q4 and FY 2025 Financial Results
VANCOUVER – In a Canadian Cannabis market that continues to reward quality and consistency, Rubicon Organics Inc. has posted a solid set of full-year results that underscore its position as a leader in the premium segment. The company reported record net revenue of $59.5 million for the year ended December 31, 2025, a 22% increase ...
Cannabist Strikes Deals to Exit Ohio and Delaware
CHELMSFORD – The Cannabist Co. Holdings Inc. signed definitive agreements to sell its Cannabis businesses in Ohio and Delaware and has started voluntary proceedings under Canada’s Companies’ Creditors Arrangement Act (CCAA) to support those deals and manage the rest of its portfolio. Under the agreements, Holistic Industries Inc. will buy all of the company’s Ohio ...
WSWA Launches Educational Resource on Hemp Beverage Regulation
WASHINGTON – The Wine & Spirits Wholesalers of America (WSWA), the national trade association representing U.S. wine and spirits distributors, announced the rollout of a new online microsite outlining facts and policy options for overseeing intoxicating hemp-derived beverages. The platform arrives at a time when these low-dose, ready-to-drink products [typically single-serve cans containing 3 to ...
AbbVie Secures First Psychedelic PRIME Designation in Europe
BRUSSELS – The European Medicines Agency (EMA) has granted Priority Medicines (PRIME) eligibility to bretisilocin, an investigational compound from AbbVie Inc. aimed at treating major depressive disorder (MDD). The decision adopted at the Committee for Medicinal Products for Human Use meeting positions the drug as the first psychedelic candidate to receive this designation. PRIME offers ...
