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Week In Review: Montana Legislature Approves Bill to Tighten Cannabis Product Regulations; Kansas Governor Renews Call for Medical Cannabis Legalization; Consolidation, Capital, and the Climb
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#) Montana Legislature Approves Bill to Tighten Cannabis Product Regulations: The Montana ...
Montana Legislature Approves Bill to Tighten Cannabis Product Regulations
LOS ANGELES— The Montana Legislature has passed House Bill 636, introducing new restrictions on cannabis products. The Senate approved the bill with a 37–12 vote, following the House's 84–15 approval last month. House Bill 636 proposes several changes to the state's cannabis laws: THC Limits: The bill reduces the maximum THC content in a ...
Kansas Governor Renews Call for Medical Cannabis Legalization
LOS ANGELES- Governor Laura Kelly has reiterated her support for legalizing medical cannabis in Kansas, urging lawmakers to advance legislation that would establish a regulated program for patients with qualifying medical conditions. Despite previous efforts, including the introduction of Senate Bill 294 in March 2025, which proposes the creation of the Kansas Medical Cannabis Act, ...
Consolidation, Capital, and the Climb: Tracking U.S. Cannabis M&A and Investment Trends
NEW YORK –The U.S. cannabis industry has experienced major shifts in merger and acquisition (M&A) activity over the past year, reflecting broader trends of consolidation and strategic realignment. According to Viridian Capital Advisors, the Cultivation & Retail sector led all others with $589.9 million in total deal consideration for the last twelve months ending April ...
When Hype Fails: Are Cannabis Giants Like Canopy and Tilray Just Ponzi Schemes in Disguise?
TORONTO-There’s an old saying in finance: “If you don’t understand where the returns are coming from, you might be the return.” While actual Ponzi schemes are illegal frauds—where old investors are paid with new investors’ money rather than from real profits—some public companies walk a fine line. They may not be fraudulent, but they operate ...
Glass House Brands and UC Berkeley Collaborate on Hemp Research and Development
LOS ANGELES- Glass House Brands Inc., a vertically integrated cannabis company, has entered into a collaboration with the University of California, Berkeley, to conduct research on hemp. The partnership will focus on areas such as medicinal product development, hemp genetics improvement, market analysis, supply chain sustainability, and the application of artificial intelligence in cultivation and ...
Cannabis Testing Market Projected to Reach $3.2 Billion by 2030
LOS ANGELES- The global cannabis testing market is projected to experience significant growth, with estimates indicating an increase from $1.26 billion in 2025 to $2.33 billion by 2030, reflecting a compound annual growth rate (CAGR) of 13.12%. This expansion is driven by the increasing legalization of cannabis for medical and recreational use, necessitating rigorous testing ...
SNDL to Acquire 32 Cannabis Retail Stores from 1CM Inc.
LOS ANGELES- SNDL Inc. has entered into an agreement to acquire 32 cannabis retail stores from 1CM Inc. for CAD 32.2 million in cash. The stores operate under the Cost Cannabis and T Cannabis banners and are located in Ontario, Alberta, and Saskatchewan. This acquisition will increase SNDL's total owned and franchised cannabis retail store ...
Dutch Cannabis Growers Support Expansion of State-Regulated Sales Experiment
LOS ANGELES- The Netherlands has initiated an expansion of its state-regulated cannabis sales experiment, involving approximately 80 coffeeshops across 10 municipalities, including cities such as Breda, Arnhem, and Maastricht. This initiative permits these establishments to source cannabis from 10 licensed producers, aiming to address the longstanding policy contradiction where the sale of small cannabis quantities ...
Proposed New York Cannabis Legislation May Introduce Regulatory Challenges
LOS ANGELES- New York State legislators are considering a bill that could modify existing restrictions on intoxicating hemp products, potentially impacting the state's legal cannabis market. The proposed legislation aims to ease limitations on certain hemp-derived products, which may lead to an influx of out-of-state brands entering the New York market. A significant aspect ...
Tilray Brands Reports Third Quarter Fiscal 2025 Financial Results
LOS ANGELES--Tilray Brands, Inc. reported net revenue of $185.8 million for the third quarter of fiscal year 2025, ending February 28. This represents a 1.4% decrease from the $188.3 million reported in the same quarter of the previous year. On a constant currency basis, net revenue was approximately $193 million. The company reported a net ...
Virginia General Assembly Upholds Governor’s Vetoes on Cannabis Legislation
LOS ANGELES-The Virginia General Assembly recently convened to address Governor Glenn Youngkin's vetoes and amendments on various legislative measures, including those pertaining to cannabis regulation. Despite efforts by Democratic lawmakers to overturn the vetoes, the assembly upheld the governor's decisions, maintaining the current stance on cannabis policies in the state. Among the vetoed bills was ...
Organigram Acquires Collective Project to Enter U.S. Cannabis Beverage Market
LOS ANGELES- Organigram Global Inc. has acquired Collective Project Limited, a producer of cannabis and hemp-derived infused beverages. The acquisition involves an initial payment of approximately 6.2 million Canadian dollars (about $4.3 million), with potential milestone and earnout payments that could total up to 24 million Canadian dollars (approximately $16.7 million) over the next two ...
Trump’s Tariffs, Social Program Cuts, and the Future of the Cannabis Industry
NEW YORK- Economic policy doesn’t just influence government budgets—it reshapes entire industries. For the U.S. cannabis sector, still federally illegal and structurally fragmented, proposed tariffs and social program cuts under a second Trump administration could have far-reaching consequences. While some businesses may struggle under rising costs and constrained consumer demand, others could thrive—if they’re positioned ...
Hemp-Derived THC Beverages Are Booming as Cannabis Companies and Big Retail Jump In
NEW YORK- As federal cannabis reform remains stalled, a different kind of green wave is gaining momentum—this one is carbonated, hemp-based, and available online or at your local corner store. Hemp-derived THC beverages, which leverage federal legality under the 2018 Farm Bill, are rapidly transforming from a niche curiosity into a full-blown consumer category. From ...
TILT Holdings Addresses Default Notices from Innovative Industrial Properties
LOS ANGELES- TILT Holdings Inc., a provider of cannabis business solutions, has received default notices from Innovative Industrial Properties (IIP) concerning two properties due to outstanding rental obligations. The properties in question are located at 411 Susquehanna Street, White Haven, Pennsylvania, and 30 Mozzone Street, Taunton, Massachusetts. The default notices were issued due to ...
AYR Wellness Announces Leadership Changes
LOS ANGELES- AYR Wellness Inc., a U.S.-based multi-state cannabis operator, has announced recent adjustments to its executive team. Effective April 4, 2025, Steven M. Cohen stepped down as Interim Chief Executive Officer, a position he had held since September 18, 2024. The company's board of directors appointed Scott Davido as the new Interim CEO. Mr. ...
Tariffs Expected to Increase Costs for U.S. Cannabis Consumers
LOS ANGELES- Recent tariff measures introduced by the U.S. administration are projected to raise the prices of cannabis products nationwide. The cannabis industry, which relies significantly on imports for various components, is poised to experience increased operational costs. On April 2, President Donald Trump announced the implementation of a universal 10% tariff on imports, accompanied ...
Republicans Push to Recriminalize , NORML Pushes Back
WASHINGTON, D.C.--(NORML) The battle for cannabis freedom is ongoing. Despite growing public support for legalization, there remains a vocal yet powerful minority intent on maintaining the failed policy of cannabis criminalization. But every time they push, Norml push back harder. In recent weeks, we’ve defeated legislation challenging adult-use and medical cannabis access in Colorado, Montana, and South ...
Week In Review: Ireland Could Make Great Cannabis Policy; Massachusetts Deliberates Social Consumption Regulations for Cannabis Industry; Safe Harbor Financial and Würk Form Partnership to Enhance Cannabis Industry Services; Planet 13 Grants Restricted Stock Units to Leadership and Staff
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#) Ireland Could Make Great Cannabis Policy: Examining the Past to Look ...
Ireland Could Make Great Cannabis Policy: Examining the Past to Look Forward
LOS ANGELES - Access to safe and controlled cannabis for the Irish people is being decided upon in 2025. Watching a country make cannabis history is fascinating; Ireland and Europe at large are grappling with choosing the right direction. Politics aside, there is an incredible amount of precedence in other countries to heed when crafting ...
Massachusetts Deliberates Social Consumption Regulations for Cannabis Industry
LOS ANGELES- The Massachusetts Cannabis Control Commission (CCC) is progressing with plans to establish regulations for social consumption of cannabis, aiming to balance industry growth with public health and safety considerations. Proposed License Categories In December 2024, the CCC introduced draft regulations outlining three distinct license types for social consumption establishments: Supplemental License: Allows existing ...
Safe Harbor Financial and Würk Form Partnership to Enhance Cannabis Industry Services
LOS ANGELES- Safe Harbor Financial, a fintech company specializing in financial services for the regulated cannabis industry, has entered into a strategic partnership with Würk, a human capital management firm focused on the cannabis sector. The collaboration aims to provide cannabis businesses with access to compliant financial services and workforce management solutions. Under the agreement, ...
Study Reveals Proliferation of Psilocybin Dispensaries in Canadian Urban Centers
LOS ANGELES- A recent study published in JAMA Network Open has identified 57 psilocybin dispensaries operating across 35.7% of major Canadian urban centers as of May 2024. The majority of these establishments are located in Ontario and British Columbia, provinces that collectively represent 52.5% of Canada's population. The study highlights that many of these dispensaries ...
Growing Craft with Scott Vasterling: A Fresh Perspective on Sungrown Cannabis
FOR IMMEDIATE RELEASE LOS ANGELES — A fresh voice is breaking into the cannabis media space, and it's set to change the way we think about craft cannabis forever. The highly anticipated debut of "Growing Craft with Scott Vasterling" is now available on the Highly Capitalized Network-HCN, a show that highlights all the key trends ...
