News
Canopy Growth Introduces Targeted Product Expansion for Canadian Market
LOS ANGELES- Canopy Growth Corporation has announced a strategic expansion of its product portfolio, focusing on four high-demand segments within Canada's adult-use cannabis market: vapes, high-THC flower, pre-rolls, and edibles. This initiative is part of the company's efforts to align its offerings with evolving consumer preferences and market trends Strategic Product Launches The company's latest ...
U.S. Legal Cannabis Sales Surpass $30 Billion in 2024
LOS ANGELES- In 2024, legal cannabis sales in the United States reached $30.1 billion, marking a 4.5% increase from the previous year. This growth occurred despite a 3.4% reduction in industry employment, equating to approximately 15,443 fewer full-time positions, bringing the total to 425,002 jobs. Analysts attribute the sales growth to the expansion of legal ...
iAnthus Capital Holdings Reports Q1 2025 Financial Results
LOS ANGELES- iAnthus Capital Holdings, Inc. a multi-state operator in the U.S. regulated cannabis industry, released its financial results for the first quarter ended March 31, 2025. Financial Highlights Revenue: $38.1 million, a decrease from $42.7 million in Q4 2024 and $41.6 million in Q1 2024. Gross Profit: $18.9 million, with a gross margin of ...
Silo Pharma Initiates Safety Study for PTSD Drug SPC-15
LOS ANGELES- Silo Pharma Inc. a developmental-stage biopharmaceutical company, has commenced a 7-day safety and toxicology study for its lead candidate, SPC-15, an intranasal treatment targeting post-traumatic stress disorder (PTSD). The study is being conducted at Frontage Laboratories, a contract research organization, to gather additional data in support of an upcoming Investigational New Drug (IND) ...
Glass House Brands to Manage The Leaf El Paseo Dispensary
LOS ANGELES- Glass House Brands Inc. and LEEF Brands Inc. have entered into a Management Services Agreement (MSA), under which Glass House will oversee operations of The Leaf El Paseo dispensary in Palm Desert, California. The agreement, effective for an initial one-year term with potential extensions, includes Glass House managing all aspects of the dispensary's ...
Pennsylvania Senate Committee Rejects Cannabis Legalization Bill
LOS ANGELES- In a recent development, the Pennsylvania Senate Law and Justice Committee voted 7-3 against House Bill 1200, a proposal aimed at legalizing adult-use cannabis in the state. This decision follows the bill's narrow passage in the House of Representatives, where it was approved by a 102-101 vote along party lines. House Bill 1200 ...
Humboldt Family Farms: The Science of Natural Light
In the lush tapestry of cannabis cultivation, the sun shines like a master artist, painting each plant with strokes of light that define its essence. The embrace of natural sunlight not only stimulates the growth of cannabis, but also intricately weaves the complex profiles of cannabinoids and terpenes that true connoisseurs cherish. As the cannabis ...
atai Life Sciences Initiates Phase 2 Trial of EMP-01 for Social Anxiety Disorder
LOS ANGELES- atai Life Sciences has commenced a Phase 2 clinical trial evaluating EMP-01, an oral formulation of R-3,4-methylenedioxy-methamphetamine (R-MDMA), for the treatment of social anxiety disorder (SAD). The first patient has been dosed in this exploratory, randomized, double-blind, placebo-controlled study, which aims to assess the safety, tolerability, and efficacy of EMP-01 in approximately 60 ...
Village Farms International Reports Q1 2025
LOS ANGELES- Village Farms International Inc. has announced its financial results for the first quarter of 2025, highlighting a strategic pivot towards its cannabis operations and the privatization of certain fresh produce assets. For the quarter ending March 31, 2025, Village Farms reported consolidated revenues of $77.1 million, a slight decrease from $78.1 million in ...
Legalization Significantly Reduces Canada’s Illicit Cannabis Market
LOS ANGELES- Recent analyses indicate that Canada's legalization of non-medical cannabis in 2018 has substantially shifted consumer spending from illicit to legal markets. Studies report that within five years of legalization, approximately 75% of cannabis expenditures transitioned to the legal sector, underscoring the policy's effectiveness in curbing unregulated sales. This transition is attributed to increased ...
New York Cannabis Policy Faces Criticism Amid Regulatory Challenges
LOS ANGELES- Boris Jordan, CEO of Curaleaf Holdings Inc., a multi-state cannabis operator, has publicly criticized New York Governor Kathy Hochul and state cannabis regulators, alleging that current policies are detrimental to established medical cannabis businesses. Jordan contends that the state's approach, including substantial fees for medical operators seeking entry into the adult-use market, is ...
Cybin Secures Additional U.S. Patent for CYB003
LOS ANGELES- Cybin Inc. a biopharmaceutical company, announced the granting of U.S. patent 12,291,499 by the United States Patent and Trademark Office. This patent pertains to pharmaceutical compositions and oral dosage forms within the company's CYB003 program, a deuterated psilocin analog currently in Phase 3 development for the adjunctive treatment of Major Depressive Disorder (MDD). ...
Green Thumb Industries Reports Q1 2025 Financial Results
Green Thumb Industries Inc. a U.S.-based cannabis consumer packaged goods company and owner of RISE Dispensaries, announced its financial results for the first quarter ended March 31, 2025. Financial Highlights Revenue for Q1 2025 was $280 million, a 1% increase compared to the same period in 2024. Net income was $8.3 million, down from $31.1 ...
Pennsylvania House Approves State-Run Recreational Cannabis Bill
LOS ANGELES- The Pennsylvania House of Representatives has passed a bill to legalize recreational cannabis, proposing a state-controlled sales model. The legislation, approved by a narrow 102-101 vote along party lines, marks the first time such a measure has advanced in either chamber of the state legislature. Under the proposed framework, adults aged 21 and ...
Week In Review: Boston Beer Company Expands Cannabis Beverage Portfolio; Cronos Group Reports First Quarter 2025; THC Design Repositions for National Expansion
LOS ANGELES — Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets with some states doing amazingly well. And some, well...they're not doing so well (hello New York). Let's get to it! Cannabis Industry Highlights 1#) Boston Beer Company Expands Cannabis Beverage Portfolio: The Boston Beer Company, ...
Boston Beer Company Expands Cannabis Beverage Portfolio
LOS ANGELES- The Boston Beer Company, through its Canadian subsidiary BBCCC Inc., has announced the expansion of its cannabis-infused beverage offerings for the summer season. The company introduced a new TeaPot Rosin-Infused Lemon Black Iced Tea and two additional flavors in its Emerald Hour line of non-alcoholic cannabis cocktails. The TeaPot Rosin-Infused Lemon Black Iced ...
Cronos Group Reports First Quarter 2025
LOS ANGELES- Cronos Group Inc. reported its financial results for the first quarter ended March 31, 2025, indicating a net revenue of $32.3 million, a 28% increase compared to the same period in 2024. The growth was primarily driven by higher cannabis flower sales in international markets, notably Israel, and increased cannabis extract sales in ...
THC Design Repositions for National Expansion
LOS ANGELES- THC Design, a California-based cannabis company, has undertaken a comprehensive rebranding initiative in collaboration with New York creative studio Super Okay. The effort aims to transition the company from a regional entity to a national presence in the cannabis industry. Established in 2016 and now employee-owned, THC Design sought to redefine its brand ...
The Hemp Surge: A Growing Challenge to Regulated Cannabis
NEW YORK — The legal line between hemp and cannabis in the U.S., drawn by the 2018 Farm Bill, was meant to clarify regulation. Instead, it created a set of inconsistencies that still affect how businesses operate, how laws are enforced, and how states build cannabis policy. While licensed cannabis businesses deal with strict systems ...
Navigating Local Cannabis Regulations: A State-by-State Guide
NEW YORK — Cannabis regulation in the United States functions as a multi-layered governance system, where legal authority is distributed across federal, state, and local levels—with local jurisdictions exerting the most immediate control over real-world operations. While public and investor attention often centers on statewide legalization milestones, the practical determinants of market access—zoning approvals, permitting ...
TerrAscend Expands New Jersey Presence with Acquisition of Union Chill Dispensary
LOS ANGELES- TerrAscend Corp., a North American cannabis operator, has entered into an agreement to acquire Union Chill Cannabis Company LLC, a single-location dispensary in Hunterdon County, New Jersey. This acquisition marks TerrAscend's fourth dispensary in the state and expands its retail footprint to 39 locations across five U.S. states and Canada. Union Chill, established ...
Fergus Falls City Council Approves Cannabis Dispensary Permits After Reversal
LOS ANGELES- the Fergus Falls City Council reversed its earlier decision and approved interim permits for two cannabis dispensaries, Sugar High and Elevate. The initial denial was based on concerns that the dispensaries were within 250 feet of local parks, potentially violating city ordinances regarding proximity to areas frequented by minors. The reversal came after ...
Maine Considers Stricter Medical Cannabis Regulations
LOS ANGELES- Maine lawmakers are evaluating two legislative proposals aimed at enhancing safety standards within the state's medical cannabis program. The bills, LD 104 and LD 1847, seek to introduce mandatory testing for contaminants and implement seed-to-sale tracking systems. While proponents argue these measures are necessary for consumer protection, small-scale growers express concerns over potential ...
Organigram to Announce Q2 Fiscal 2025 Results
LOS ANGELES- Organigram Global Inc. is scheduled to release its financial results for the second quarter of fiscal 2025, ending March 31, on Monday, May 12, 2025, before market open. The company will host a conference call at 8:00 a.m. Eastern Time to discuss the results. In the preceding quarter, Organigram reported a 17% year-over-year ...
Curaleaf Launches Hemp-Only Retail Store in Florida Following Cannabis Legalization Setback
LOS ANGELES- In the aftermath of Florida's unsuccessful bid to legalize recreational cannabis, Curaleaf Holdings, Inc. has inaugurated its first hemp-exclusive retail outlet, The Hemp Company, in West Palm Beach. This establishment offers hemp-derived THC products to adults aged 21 and over without the requirement of a medical cannabis card. Situated at 300 Clematis Street, ...
