News
Germany’s Cabinet Advanced Restrictions Balancing Access and Control in Medical Cannabis
BERLIN – Germany's federal cabinet cleared a draft bill that would require in-person doctor consultations before issuing medical Cannabis prescriptions and prohibit mail-order shipments, addressing a fourfold jump in imports over the past year. The measures, part of an amendment to the 2017 Medical Cannabis Act, come as the country's Cannabis sector navigates growth following ...
Tilray Brands Reports Fiscal Q1 2026 Earnings
NEW YORK – Tilray Brands Inc. swung to a profit in its fiscal first quarter, fueled by record revenue and sharper cost management, as the Cannabis company builds on a multiyear turnaround. For the period ended August 31, 2025, Tilray reported net income of $1.5 million, erasing a $34.7 million loss from the year-ago quarter, ...
Cannabis Debt Yields Show Wide Gaps Among Top Operators, Viridian Analysis Finds
LOS ANGELES – A fresh assessment of credit profiles among leading U.S. Cannabis companies points to notable discrepancies in debt pricing that could signal untapped value for savvy investors and fixed-income players. Viridian Capital Advisors released its Weekly Credit Report, ranking the top 25 cultivation and retail operators based on 11 key market and financial ...
DMT Reveals Promising Potential in Stroke Recovery, Study Finds
LOS ANGELES – A compound long associated with visionary experiences in plants like ayahuasca may hold untapped value in treating one of medicine's toughest challenges: brain damage from strokes. Hungarian researchers report that N,N-dimethyltryptamine, or DMT [a naturally occurring psychoactive substance found in various plants, animals, and humans] can shield neural tissue from further harm ...
Canopy Growth Shifts DOJA Site to Medical-Only Production in Canada
SMITHS FALLS, ON – Canopy Growth Corporation has repurposed its DOJA cultivation facility in Kelowna, British Columbia, to focus solely on medical Cannabis. The change positions the site as a dedicated supplier for its Spectrum Therapeutics brand, targeting patients including military veterans. Under a new micro-cultivation license, the upgraded facility will grow limited runs of ...
Spain Cabinet Greenlights Medical Cannabis Framework
MADRID – Spain's Council of Ministers on Tuesday approved a royal decree that sets rules for prescribing Cannabis-based medicines through the public health system, marking the first formal step toward regulated access for patients facing treatment-resistant conditions. The measure, proposed by the Health Ministry, allows specialist physicians in hospitals to order customized Cannabis formulas as ...
Michigan Cannabis Trade Group Challenges New 24% Wholesale Tax in Court
LANSING – Yesterday, hours after Gov. Gretchen Whitmer put her signature on Michigan's latest state budget, the Michigan Cannabis Industry Association moved swiftly to court, filing suit to block a fresh 24% excise tax on wholesale Cannabis transfers. The association, which counts more than 400 [!] licensed operators among its members, claims the levy sidesteps ...
NY Cannabis Market Posts Record August Sales, OCM Reports
NEW YORK – New York dispensaries rang up $214.4 million in legal Cannabis sales in August, the highest total since the program's start nearly three years ago, according to the state's Office of Cannabis Management. The August figure tops July's $161.6 million by 33% and June's $153.2 million by 40%. It also doubles the $104.3 ...
New National Survey Highlights Cannabis Engagement Rise, Backing Broader Access and Uniform Legal Framework
LOS ANGELES – A fresh national survey underscores Cannabis's deepening foothold in American life, with 31% of adults reporting use within the last six months. Released last month, the MRI-Simmons 2025 National Cannabis Study also captures widespread agreement on the plant's role in generating tax dollars, bolstering community businesses, and delivering wellness gains. The findings, ...
Case Study: Better Data, Better Decisions: How Clean Inputs Strengthen Cannabis Strategy
NEW YORK- In a highly regulated and competitive industry like Cannabis, data isn’t just numbers on a spreadsheet — it’s the foundation of effective decision-making. Yet many operators still struggle with messy, inconsistent, or incomplete data that undermines inventory management, complicates operations, and blunts strategic insights. No software platform, no matter how advanced, can produce ...
Michigan Senate Approved 24% Wholesale Cannabis Tax
LANSING – In a late-night session that stretched into the early hours of Friday, October 3, 2025, the Michigan Senate gave final approval to a sweeping state budget that includes a new 24% wholesale tax on Cannabis products, marking one of the sharpest increases in the industry's history. The measure, embedded in a $81 billion ...
Verano Pushes Digital Voting as Postal Strike Disrupts Shareholder Materials
CHICAGO – Verano Holdings Corp. is telling investors to submit votes electronically for its special meeting next month, citing delays from Canada's postal workers strike. The company released a statement warning that physical copies of meeting materials, detailing a proposed shift in corporate domicile from British Columbia to Nevada, might not reach all shareholders in ...
Psilocybin Review Points to Rapid Relief for Treatment-Resistant Depression
LOS ANGELES – A new systematic review of clinical studies underscores psilocybin's potential to deliver quick and lasting reductions in depressive symptoms, offering a targeted option for patients who see little benefit from standard medications. The analysis, published this month in journal Acta Neuropsychiatrica, examined 20 studies involving more than 850 participants with major depressive ...
Vireo Takes 86% Stake in Schwazze’s Convertible Notes in $62M Deal
DENVER – Vireo Growth Inc., a multistate Cannabis operator, has entered into definitive agreements to purchase about 86% of the senior secured convertible notes held by Medicine Man Technologies Inc., which operates as Schwazze, for roughly $62 million in company stock. The move comes as Schwazze navigates financial pressures in a competitive industry and positions ...
France Upholds Pesticide Ban, Guaranteeing Survival of the Bees
LOS ANGELES- Over the past decade, France has stood at the center of Europe’s fight to protect pollinators from the devastating effects of pesticides. In 2018, the nation became the first EU member to ban several neonicotinoid insecticides—chemicals long linked to colony collapse and bee mortality. These so-called “bee-killing” pesticides disrupt navigation, reproduction, and immune ...
OPINION: The People Have Spoken: It’s Time to End Federal Cannabis Prohibition (and Release the Epstein Files)
LOS ANGELES- With 87% of Americans supporting Cannabis legalization — and nearly 80% demanding the release of the Epstein files — public consensus on reform and transparency has never been stronger. The question now is whether Republican leadership will finally act. Public opinion on Cannabis has reached rare, bipartisan clarity. In the most recent Pew ...
How Professional Services Firms That Serve Cannabis Can Thrive in the Wellness Industry
NEW YORK- Professional service providers — from accountants and attorneys to brand strategists and tech consultants — have played an indispensable role in legitimizing and professionalizing the Cannabis sector. These same firms now have a once-in-a-generation chance to apply their expertise to another high-growth, fragmented market: wellness. The logic is simple. Cannabis and wellness share ...
Curaleaf Executive Vice Chairman Adopts Automated Share Sales Plan
STAMFORD – Joseph F. Lusardi, executive vice chairman of Curaleaf Holdings Inc., has put in a place an automatic securities disposition plan (ASDP) to sell company shares, a move designed to handle tax obligations tied to upcoming stock options. The company disclosed the arrangement on Tuesday, stating that Lusardi established the plan on September 30. ...
Oregon Invites Input on Psilocybin Service Center Regulations Through New Advisory Panel
SALEM – State health officials in Oregon are seeking participants for a rules advisory committee that will shape permanent guidelines on the temporary use of licensed Psilocybin Service Centers, as applications close in less than two weeks. The Oregon Psilocybin Services section of the Oregon Health Authority (OHA) announced the opportunity on October 1, with ...
California Enacts Law Requiring Intoxicating Hemp Sales Through Licensed Cannabis Outlets
LOS ANGELES – Governor Gavin Newsom signed Assembly Bill 8 into law on Thursday, directing intoxicating hemp-derived products into California's tightly controlled Cannabis distribution system and barring their sale elsewhere. The measure addresses gaps in oversight that have allowed unregulated hemp items to proliferate, often evading the testing and age restrictions applied to adult-use Cannabis. ...
Case Study: Better Data, Better Decisions: How Clean Inputs Strengthen Cannabis Strategy
LOS ANGELES- In a highly regulated and competitive industry like cannabis, data isn’t just numbers on a spreadsheet — it’s the foundation of effective decision-making. Yet many operators still struggle with messy, inconsistent, or incomplete data that undermines inventory management, complicates operations, and blunts strategic insights. No software platform, no matter how advanced, can produce ...
NY Cannabis Board Hits Equity Target With 57% of Licenses to Social Equity Holders
NEW YORK – New York regulators reported that social and economic equity applicants now control 57% of the state's adult-use Cannabis licenses, a figure that clears the program's initial benchmark and signals steady advancement in redistributing opportunities from past enforcement disparities. The Cannabis Control Board, during its September meeting, approved 46 new licenses, pushing the ...
Australia’s Medicinal Cannabis Imports Hit Record Highs
SYDNEY – Figures released this week by Australia's Office of Drug Control paint a picture of robust expansion in the country's regulated Cannabis sector, with imports leading the charge alongside steady advances in domestic output and overseas shipments. The data, covering 2021 through 2024, shows imports of medicinal Cannabis climbing to 77,406kg last year, up ...
California Reinstates 15% Cannabis Excise Tax Through 2028
LOS ANGELES – A measure signed by Governor Gavin Newsom last month took effect on Wednesday, dialing back California's Cannabis excise tax to 15% and holding it steady at that level until at least the end of 2028. The change, embedded in Assembly Bill 564, undoes a planned jump to 19% that had been set ...
Trump Video Fuels Cannabis Stock Surge, Yet Analysts Question Depth of Policy Shift
LOS ANGELES – A recent video posted by President Donald Trump on Truth Social, touting support for CBD products under the Farm Bill, triggered a sharp but fleeting uptick in valuations for major multi-state Cannabis operators, according to a fresh analysis from Viridian Capital Advisors. The post, which highlights federal reimbursement for elder-focused CBD and ...
