News

Tariffs on Chinese Imports Impact U.S. Cannabis Industry

LOS ANGELES- The U.S. cannabis industry is experiencing significant effects due to increased tariffs on Chinese imports, particularly in the vaporizer sector. As of February 4, 2025, the United States imposed an additional 10% tariff on a broad range of Chinese products, including cannabis vaporizer components. This new tariff supplements the existing 25% levy established ...

March 26th, 2025|World|

iAnthus Capital Holdings Reports Fiscal Year 2024 Financial Results

LOS ANGELES- iAnthus Capital Holdings, Inc, a company engaged in regulated cannabis operations across the United States, has released its financial outcomes for the fourth quarter and full year ending December 31, 2024.​ Annual Financial Performance The company reported annual revenue of $167.6 million, marking a 5.2% increase compared to the prior year. Gross profit ...

March 26th, 2025|Insights|

The Cannabist Company Expands ‘dreamt’ Brand to Massachusetts, New Jersey, and Virginia

LOS ANGELES- The Cannabist Company Holdings Inc. has announced the introduction of its sleep-focused cannabis brand, 'dreamt,' into the Massachusetts, New Jersey, and Virginia markets. This expansion aligns with Sleep Awareness Month, emphasizing the importance of quality rest. ​ 'dreamt' offers a 5mg gummy, available in 20-count packs, featuring a 5:2:1 ratio of THC, CBD, ...

March 26th, 2025|Brands|

GreenWave Advisors Urges Elected Officials to “Put American Cannabis First”

NEW YORK – In 1996, Medical Marijuana was legalized in California during the Clinton Administration.  Since the “Colorado Experiment” in 2014, when the nation’s first recreational use market was implemented, the Federal Government has maintained its prohibitive legal status of Marijuana.  Still, the pressures brought to bear by many state statutes that have locally decriminalized ...

March 25th, 2025|Business, Insights|
  • Ayr Wellness

AYR Wellness Announces Management Changes

LOS ANGELES- AYR Wellness Inc., a U.S.-based multi-state cannabis operator, announced that Chief Financial Officer Brad Asher has resigned, effective March 23, 2025. The company's board has appointed Donna Granato as Interim CFO, effective immediately. ​ Granato brings over 25 years of experience in corporate finance and operations. Prior to joining AYR Wellness, she served ...

March 25th, 2025|Business|

California Implements Measures to Ensure Cannabis Product Safety

LOS ANGELES- California has established a comprehensive regulatory framework to safeguard consumers from potential health risks associated with cannabis products. The Department of Cannabis Control (DCC) oversees the adoption and enforcement of regulations for commercial cannabis license holders, including cultivators, retailers, manufacturers, distributors, testing laboratories, and microbusinesses. To address concerns about contaminants, the DCC mandates ...

March 25th, 2025|Justice|

France Advances Medical Cannabis Legalization Framework

LOS ANGELES- France has officially submitted draft regulations to the European Commission, outlining the framework for the production and authorization of medical cannabis. The submission includes: A decree establishing the framework for cannabis-based medicines, integrating them into existing provisions related to pharmacovigilance, manufacturing, and distribution. A ministerial order detailing the specifications of cannabis-based medicines and ...

March 25th, 2025|World|

New Mexico Advances Medical Psilocybin Legalization Efforts

LOS ANGELES- The New Mexico Senate has approved the Medical Psilocybin Act (Senate Bill 219), a bipartisan initiative aimed at establishing a regulated program for the therapeutic use of psilocybin, the psychoactive compound found in certain mushrooms. The bill, which received a 33-4 vote, now awaits consideration in the House of Representatives.​ If enacted, the ...

March 24th, 2025|Psychedelics|

Utah Poll Indicates Majority Support for Recreational Cannabis Legalization

LOS ANGELES- A recent survey conducted by Noble Predictive Insights reveals that 52% of registered Utah voters are in favor of a ballot initiative to legalize cannabis for recreational use, while 38% oppose it, and 9% remain undecided. ​ The poll, commissioned by the medical cannabis advocacy group Keep Utah Medical, surveyed 609 registered voters ...

March 24th, 2025|Insights|

Week In Review: Maryland Generates $72 Million in 2024 Recreational Cannabis Tax Revenue; Netherlands Initiates Regulated Cannabis Sales Trial; Israel Faces Mental Health Crisis Post-October 7 Attacks: Evaluating Medical Cannabis for PTSD Treatment

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#)Maryland Generates $72 Million in 2024 Recreational Cannabis Tax Revenue: In 2024, ...

March 24th, 2025|Business, The Week in Review|

Maryland Generates $72 Million in 2024 Recreational Cannabis Tax Revenue

LOS ANGELES- In 2024, Maryland collected over $72 million in sales tax revenue from recreational cannabis, as reported by state Comptroller Brooke Lierman. The state imposes a 9% sales tax on adult-use cannabis products, aligning with the tax rate applied to alcoholic beverages.​ The quarterly breakdown of the 2024 cannabis tax revenue is as follows: ...

March 21st, 2025|Capital|

Netherlands Initiates Regulated Cannabis Sales Trial

LOS ANGELES- The Netherlands is advancing its regulated cannabis sales experiment, aiming to control the production, distribution, and sale of cannabis through a state-monitored supply chain. This initiative seeks to address issues arising from the current policy, where the sale of cannabis in licensed coffee shops is tolerated, but production and supply remain illegal, leading ...

March 21st, 2025|Capital, World|

Israel Faces Mental Health Crisis Post-October 7 Attacks: Evaluating Medical Cannabis for PTSD Treatment

LOS ANGELES- In the aftermath of the October 7, 2023, attacks, Israel confronts a significant mental health crisis, with an estimated 580,000 citizens exhibiting severe post-traumatic stress disorder (PTSD) symptoms. This surge has intensified discussions regarding the integration of medical cannabis as a therapeutic option for PTSD patients.​ Current Medical Cannabis Framework Israel's medical cannabis ...

March 21st, 2025|World|

Texas Senate Passes Bill to Ban Hemp THC

DALLAS–The Texas Senate has taken a major step toward banning consumable hemp products that contain THC or other intoxicating cannabinoids, a move that could severely impact an $8 billion industry employing approximately 50,000 workers. On March 19, the Senate passed Senate Bill 3 with a 24-7 vote, marking a significant shift in the state’s approach ...

March 21st, 2025|Business, Insights|

Planet 13 Schedules Release of Q4 2024 Financial Results

LOS ANGELES- Planet 13 Holdings Inc. a vertically integrated multi-state cannabis company, has announced that it will release its financial results for the fourth quarter and full year ending December 31, 2024, on March 26, 2025, after market close. ​ Following the release, Planet 13's executive team, including Co-CEOs Bob Groesbeck and Larry Scheffler, along ...

March 20th, 2025|Brands|

POSaBIT Captures Majority of Cannabis Transactions in Washington State

LOS ANGELES- POSaBIT Systems Corporation a provider of point-of-sale and payments infrastructure in the cannabis industry, now processes over 85% of all cannabis point-of-sale transactions in Washington State. ​ Established in 2015, POSaBIT has expanded its services to over 500 locations across more than 20 states. In 2024, the company launched eCommerce menus, offering dispensaries ...

March 20th, 2025|Business|
  • Delta 8 Gummies

Hemp-Derived Products Influence Cannabis Market Dynamics

LOS ANGELES- The 2018 Farm Bill's legalization of hemp cultivation has significantly impacted the cannabis industry, leading to the emergence of various hemp-derived products that are reshaping market dynamics. ​ One notable development is the rise of intoxicating hemp-derived products, such as those containing Delta-8 THC, which have gained popularity as legal alternatives to traditional ...

March 20th, 2025|Insights|

High Tide Reports Q1 Revenue

LOS ANGELES- High Tide Inc. a Canadian cannabis retailer, announced its financial results for the first quarter ended January 31, 2025, reporting revenue of CAD 142.5 million, an 11% increase from the same period last year. ​ Despite the revenue growth, the company reported a net loss of CAD 2.7 million, equating to a loss ...

March 19th, 2025|Business|

MindMed Appoints Matt Wiley as Chief Commercial Officer

LOS ANGELES-Mind Medicine (MindMed) Inc. a biopharmaceutical company specializing in brain health disorders, has announced the appointment of Matt Wiley as Chief Commercial Officer (CCO). ​ In his new role, Mr. Wiley will oversee MindMed's commercial strategy, particularly in preparation for the potential launch of MM120, an orally disintegrating tablet targeting generalized anxiety disorder (GAD) ...

March 19th, 2025|Brands|

Missouri’s Cannabis Industry Experiences Significant Growth

LOS ANGELES- Since legalizing recreational cannabis in 2022, Missouri has rapidly emerged as a prominent player in the cannabis market. The state now ranks as the seventh-largest in cannabis sales, surpassing states with larger populations and more established markets. ​ Several factors have contributed to this growth:​ Regulatory Framework: Missouri implemented a streamlined regulatory system ...

March 19th, 2025|Insights|

Silly Nice Collaborates with Cannabis Justice & Equity Initiative to Promote Social Equity in New York’s Cannabis Industry

LOS ANGELES- Silly Nice, a Black and Veteran-owned cannabis brand based in Harlem, has partnered with The Cannabis Justice & Equity Initiative (CJEI) to support communities disproportionately affected by past cannabis prohibition. This collaboration focuses on education, training, and employment opportunities within New York's legal cannabis market. Company Background Established in 2024, Silly Nice has ...

March 18th, 2025|News|

Vista Hosts San Diego County’s First Licensed Public Cannabis Festival

LOS ANGELES- The city of Vista has made history by hosting San Diego County's first licensed cannabis event on public property. The Farmer's Cup, held at the Moonlight Amphitheatre, marked a significant milestone in the region's evolving approach to cannabis regulation. ​ Event Highlights The festival featured live music, food vendors, and over 50 cannabis ...

March 18th, 2025|Business|

Tokyo Smoke Closes Toronto Locations Amid Industry Challenges

LOS ANGELES- Tokyo Smoke, a prominent cannabis retailer, has reportedly ceased operations at all its Toronto outlets. This development aligns with a broader trend of cannabis store closures across Canada, reflecting the industry's evolving landscape. In Alberta, for instance, 62 cannabis store licenses were canceled or not renewed in 2023, surpassing the 48 new licenses ...

March 18th, 2025|Insights|

Anna Kole Joins Highly Capitalized Network-HCN to Help Lead Content Development and Distribution

FOR IMMEDIATE RELEASE LOS ANGELES — Highly Capitalized Network-HCN, a leading source of financial news and market insights for the cannabis and psychedelics industries is excited to welcome Anna Kole as their new Content Editing & Distribution Manager — a role that perfectly reflects her passion for cannabis, psychedelics, and the stories shaping these industries. ...

March 17th, 2025|Business, The Hive|

Innovative Cannabis-Derived Compound Offers Pain Relief Without Psychoactive Effects

LOS ANGELES- Researchers at Washington University School of Medicine in St. Louis and Stanford University have developed a novel compound that replicates the pain-relieving properties of cannabis without inducing psychoactive side effects or addiction. ​ Development and Mechanism The compound was engineered to target peripheral pain receptors located outside the brain and spinal cord. By ...

March 17th, 2025|Insights|
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