News
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 ...
Vireo Growth Completes Schwazze Assets Acquisition
MINNEAPOLIS – In a move that instantly reshapes the competitive map in two key Cannabis states, Vireo Growth Inc. has completed its acquisition of major assets from Schwazze, gaining control of dozens of established dispensaries and production facilities in Colorado and New Mexico. The deal transfers 24 dispensaries in Colorado, 21 dispensaries in New Mexico ...
Bipartisan Bill to Delay Hemp Ban Gains 36 Congressional Sponsors
WASHINGTON – Bipartisan legislation to postpone tightened federal rules on hemp products has now secured backing from 36 lawmakers across both chambers of Congress. The Hemp Planting Predictability Act would extend the effective date of changes included in last November’s Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, 2026. Those provisions, ...
PharmaCann to Shut Down its Denver Cannabis Grow Facility
DENVER – Chicago-based PharmaCann Inc., one of the largest privately held and vertically integrated Cannabis companies in the United States, has notified Colorado officials that it will permanently [?] close its major cultivation site in north Denver, eliminating 132 positions. The facility ranks among the state’s biggest grow operations. In a Worker Adjustment and Retraining ...
South Carolina Senate Approves Bill to Keep Hemp THC Drinks and Gummies Legal
COLUMBIA – The South Carolina Senate voted 35-4 to advance a bill that would maintain legal access to hemp-derived THC beverages and gummies for adults while setting strict caps on potency and sales channels. The measure, House Bill 3924, adds a new chapter to state law to oversee hemp-derived THC drinks and gelatine edibles, products ...
Massachusetts Lawmakers Push Forward Psychedelic Therapy Programs
BOSTON – Massachusetts lawmakers have advanced legislation that would set up pilot programs for regulated psychedelic therapy, with one measure clearing a key committee in September 2025 and related proposals still under review. The Senate Bill S.1400, sponsored by Sen. Cindy Friedman, won favorable approval from the Joint Committee on Mental Health, Substance Use and ...
Ohio Enacts New Cannabis and Hemp Regulations After Referendum Effort Fails
COLUMBUS – Updated rules for Ohio’s recreational Cannabis market and a statewide ban on most intoxicating hemp products outside licensed dispensaries took effect, closing the chapter on a citizen campaign to reverse legislative tweaks to the 2023 voter-approved program. Senate Bill 56, signed by Gov. Mike DeWine in December, introduced the changes after months of ...
