News

Canadian Court Sides with Psychedelic Therapy Advocates in Psilocybin Exemption Case

LOS ANGELES- A Canadian federal court has ordered Health Canada to revisit its denial of psilocybin exemptions for health-care professionals, marking a significant development in the country’s evolving drug policy landscape. The ruling stems from a lawsuit filed by Therapsil, a non-profit advocating for legal access to psilocybin-assisted psychotherapy. Therapsil initially received exemptions under the ...

July 9th, 2025|Insights, Psychedelics|

Dallas Halts Enforcement of Voter‑Approved Cannabis Depenalization Charter

LOS ANGELES- Dallas city officials have suspended the enforcement of a charter amendment approved by 67 percent of voters in November, which decriminalized possession of up to four ounces of cannabis and prohibited arrests based solely on its odor. The pause follows a recent ruling by the 15th Court of Appeals in Austin that temporarily blocked ...

July 9th, 2025|Insights, Justice|

Würk Integrates DailyPay’s On‑Demand Pay into Payroll Platform

LOS ANGELES- Würk, a provider of payroll, human resources, and compliance software for highly regulated industries—including cannabis and gaming—has integrated DailyPay’s on‑demand pay service into its existing payroll platform. The integration enables Würk’s clients to offer their employees earned wage access (EWA), along with other financial wellness features, using the “DailyPay Built In” solution. The ...

July 9th, 2025|Brands, Finance|

Curaleaf Takes Full Control of European Arm in Bold Strategic Move

LOS ANGELES - In a major development out of the cannabis industry, Curaleaf Holdings, Inc. (TSX: CURA, OTCQX: CURLF) has just announced it’s taken full ownership of Curaleaf International, buying out its minority partner’s stake in a deal finalized on July 2. Sources confirm the transaction, executed through a 2021 Put/Call Option agreement, hands Curaleaf ...

Rolling into Wellness 4 in 10 Californians Choose Cannabis, Study Reveals

LOS ANGELES - A comprehensive study conducted by the University of California, San Diego (UCSD) reveals that 37% of California adults are current marijuana users, with the vast majority reporting significant health benefits. Published in the Journal of Cannabis and Cannabinoid Research in June 2025, the Impact 64 study surveyed over 15,000 Californians between December ...

July 9th, 2025|Research|

Cannabis Reform Stalls, Former Republican Calls for Action

LOS ANGELES - Former Rep. Earl Blumenauer (D-OR), renowned for his decades-long advocacy for cannabis reform, is sounding the alarm over the Trump administration’s failure to advance federal cannabis policy. The retired congressman, who co-founded the Congressional Cannabis Caucus, expressed deep frustration at the stalled progress since leaving Congress last session. “I’m more than a ...

July 8th, 2025|Politics, US Politics|

Brazilian App Turns Patient Adoption Into a Cannabis Data Asset

LOS ANGELES- Brazil’s health-tech startup Blis says its mobile platform now supports more than 300,000 registered patients, generates roughly R$2 million (about US$363,000) in monthly revenue and reaches users in more than 1,800 municipalities. By integrating tele-consultation, ANVISA authorization under RDC 660/2022 and direct-to-patient import logistics, the company is accumulating what industry observers describe as ...

July 8th, 2025|Business, Insights, International, Online|

Blüm Holdings to Acquire Northern California Cannabis Dispensary

LOS ANGELES- Blüm Holdings Inc, a California-based publicly traded holding company and cannabis operator, has signed a binding all‑stock agreement to acquire a majority stake in a licensed adult‑use and medical cannabis dispensary in Northern California. The deal is valued at up to USD 5.0 million, with additional performance‑based earn‑outs linked to revenue and EBITDA targets. The ...

July 8th, 2025|Business, Insights, Markets|

Colorado Legal Cannabis Market Sees Sustained Growth Through 2030

LOS ANGELES- A recent industry report estimates that Colorado’s legal cannabis market, valued at approximately USD 2.59 billion in 2024, is projected to expand at a compound annual growth rate (CAGR) of 12.9% between 2025 and 2030—reaching around USD 5.53 billion by 2030. Growth drivers include regulatory stability following the 2000 legalization of medical cannabis and the 2012 introduction ...

July 8th, 2025|Capital, Finance|

SAFER Banking Act Frozen as Lawmakers Tackle War and Budget Issues

LOS ANGELES – The Secure and Fair Enforcement Regulation (SAFER) Banking Act, a bipartisan effort to grant state-legal cannabis businesses access to traditional banking services, remains mired in political gridlock, overshadowed by competing legislative priorities. Sen. Jeff Merkley (D-OR), a lead sponsor of the bill, recently acknowledged that despite his efforts to push the legislation ...

July 7th, 2025|Business, Finance, News, Politics, Trends, US Politics|

Delaware Announced the Launch Date for Legal Cannabis Sales

LOS ANGELES – The First State is about to make history as recreational marijuana sales launch on August 1, 2025, transforming the state’s cannabis scene and sparking excitement from Wilmington to Rehoboth Beach. Starting this summer, adults 21 and older can walk into one of 13 licensed dispensaries, flash a valid ID, and legally purchase ...

July 7th, 2025|Legal Affairs, News, US Politics|

US Cannabis Industry Poised to Top $123 Billion Economic Impact in 2025

LOS ANGELES–Despite mounting challenges, the U.S. cannabis industry is on track to generate a staggering $123.6 billion in total economic impact in 2025, according to new projections from the MJBiz Factbook. That’s a 9% increase over 2024 – a testament to the sector’s resilience amid federal inaction and headwinds from economic uncertainty. While legacy markets ...

July 7th, 2025|Business|

California’s Cannabis Industry Faces Meltdown as New Tax Hike Begins

LOS ANGELES – California’s legal cannabis industry is sounding the alarm as a significant excise tax increase, which took effect on July 1, 2025, threatens to cripple an already struggling market. The excise tax on legal cannabis has risen from 15% to 19%, a move that industry leaders, including growers, dispensary owners, and advocates, warn ...

July 7th, 2025|Business, Finance, Local Politics, News, Politics, US Politics|

TerrAscend Exits Michigan Market; Bay City–Burton Dispensaries to Close

LOS ANGELES -TerrAscend Corp., a publicly traded multi-state cannabis operator, announced plans to exit its Michigan operations by September 2025. The decision includes closing 20 retail outlets, including dispensaries in Bay City and Burton, along with four cultivation and processing centers. Approximately 250 employees across the state are expected to lose their positions. In a ...

July 7th, 2025|Capital, Insights|

Vireo Growth and Curio Wellness Forge Partnership to Enter New York Market

LOS ANGELES- Vireo Growth Inc. and Curio Wellness have announced a manufacturing-and-distribution agreement aimed at introducing Curio’s Best Self Collection into New York’s licensed cannabis market. Vireo will leverage its existing infrastructure to produce and distribute Curio’s full product portfolio—topicals, tablets, chews, and vapes—under a licensing model The deal adopts a capital-light approach: Curio gains ...

July 7th, 2025|Business, Insights|

Green Thumb Industries Schedules Q2 2025 Earnings Call for August 6

LOS ANGELES- Green Thumb Industries Inc., a cannabis consumer packaged goods company and operator of RISE dispensaries, announced on July 2 that it will release its second-quarter 2025 financial results after market close on Wednesday, August 6, 2025 . The company will host a conference call and audio webcast the same day at 5:00 p.m. Eastern Time (4:00 p.m. ...

July 7th, 2025|Brands, Business, Investors|

Week In Review: Cronos Expands Medical Cannabis Presence in Switzerland; Cybin Secures Up to US $500 Million via Convertible Debentures to Fuel Clinical Growth; iAnthus Reports Unanimous Approval at Annual General Meeting; Mike Tyson Urges Trump to Act on Cannabis Reform

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#) Cronos Expands Medical Cannabis Presence in Switzerland: Cronos Group Inc. has ...

July 7th, 2025|Business, The Week in Review|

Texas Broadens Medical Cannabis Access Amid THC Policy Shift

LOS ANGELES- Texas has enacted House Bill 46, expanding its Compassionate Use Program for medical cannabis. The law, effective September 1, adds qualifying conditions such as chronic pain, Crohn’s disease and traumatic brain injury. It raises the per‑dose THC limit from 1 percent by weight to 10 mg (max 1 g per package), allows prescribed inhalers and vaporizers, and increases the ...

July 3rd, 2025|Justice|

Cronos Expands Medical Cannabis Presence in Switzerland

LOS ANGELES- Cronos Group Inc. has entered the Swiss medical cannabis market through a partnership with Dascoli Pharma AG, a Zurich-based pharmaceutical distributor. The deal enables Dascoli to supply five varieties of the company's PEACE NATURALS branded cannabis flower to patients via its established network of pharmacies and clinics. Under the agreement, the following strains will be ...

July 3rd, 2025|Business|

Nebraska Reverses Access to Botanical Cannabis Under Emergency Regulations

LOS ANGELES- Nebraska Governor Jim Pillen approved emergency rules on June 29, establishing a medical cannabis licensing framework effective immediately for up to 90 days. The regulations respond to Measure 438, approved by voters in November 2024, which permits patients access to up to 5 ounces of medical cannabis with a practitioner’s recommendation. The emergency rules propel the ...

July 3rd, 2025|Insights|

Analysis: A Tale of Two Markets: U.S. Cannabis at a Crossroads as Global Momentum Builds — and Backtracks

LOS ANGELES-The U.S. cannabis industry stands divided. Some state markets are opening and expanding, while others are contracting under the weight of high taxes, regulatory friction, and unrelenting illicit competition. But across all markets, uncertainty is rising — and it’s not just an American story anymore. Globally, cannabis policy is advancing in some countries and ...

July 2nd, 2025|Business|

California’s Cannabis Tax Hike Could Break the Legal Market — Just as It Was Starting to Stabilize

LOS ANGELES- California's legal cannabis market, already strained by price compression, regulatory overload, and illicit competition, took another hit on July 1 as the state’s cannabis excise tax officially jumped from 15% to 19%. The increase, part of a 2022 legislative compromise, is being called a potential death blow by operators and advocates who have ...

July 2nd, 2025|Business|

Thai Cannabis Stores Face Uncertainty as Government Tightens Sales Regulations

LOS ANGELES- Thailand’s government has introduced a new order—published in the Royal Gazette on June 26, 2025—mandating that cannabis can now only be sold with a valid medical prescription from licensed practitioners. Cannabis buds have been reclassified as controlled herbal medicine, and sales without prescriptions are subject to potential penalties including up to one year in jail ...

July 2nd, 2025|Insights|

Cybin Secures Up to US $500 Million via Convertible Debentures to Fuel Clinical Growth

LOS ANGELES- Cybin Inc. has entered into a securities purchase agreement with High Trail Special Situations LLC to raise up to US $500 million through unsecured convertible debentures, aiming to strengthen its position in neuropsychiatric therapeutics and support its lead programs, CYB003 and CYB004. The first tranche of US $50 million closed on June 30, 2025, with ...

July 2nd, 2025|Capital, Uncategorized|
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