Consumer Research
UK Explores Raising THC Limits for Industrial Hemp to Boost Farming Prospects
LOS ANGELES- The United Kingdom is evaluating a proposal to ...
Blunt Brunch Nationals: A Night of Glitz and Glam Celebrates Women in Cannabis
Las Vegas, NV – Blunt Brunch, a leading women’s empowerment ...
GOP Senator Calls for Comprehensive Cannabis Reform, Criticizes Partial Measures
LOS ANGELES- In recent discussions on federal cannabis policy, several ...
Medicinal Cannabis Companies Target Veterans with Social Media Promotions, Raising Ethical Concerns
LOS ANGELES- Recent reports indicate that medicinal cannabis companies are increasingly targeting veterans through social media platforms, promoting free products and subscription services. This marketing strategy aims to attract veterans by offering complimentary samples and ...
Republican Gains in Last Week’s Election Signal Setbacks for U.S. Cannabis Legalization
LOS ANGELES – Last Wednesday’s election marked a pivotal moment in U.S. cannabis policy, as Republican gains across several states stoked a fresh wave of resistance against adult-use cannabis legalization. This shift, especially pronounced in ...
How Do You Target the Right SEC-Accredited Investors in Cannabis?
LOS ANGELES- Raising capital for cannabis startups and small businesses requires a strategic approach, particularly when targeting SEC-accredited investors. These individuals bring significant financial resources and expertise, making them key to your fundraising success. While ...
Key States to Decide Cannabis Legalization in 2024
LOS ANGELES- In November 2024, voters in four states—Florida, Nebraska, North Dakota, and South Dakota—will decide on significant cannabis ballot measures. Florida, the most populous among them, aims to transition from a medical-only market to ...
From Progress to Plateau: Democrats’ Shifting Gains on Cannabis Reform
LOS ANGELES- The Biden administration has a significant record on cannabis reform, characterized by policy shifts that have altered federal attitudes toward legalization. President Biden's notable moves include an October 2022 executive action urging agencies ...
Planet 13 Launches Initiative to Support Florida Veterans and First Responders with Medical Cannabis Access
LOS ANGELES- Planet 13 Holdings Inc., a multi-state cannabis company, recently launched the "Healing Heroes" initiative in Florida to support veterans and first responders. This program, active from November 1 to 14, 2024, aims to ...
Nebraska’s 2nd Congressional District Becomes Key Battleground in 2024 Presidential and Senate Races
LOS ANGELES- Nebraska's unique role in the 2024 presidential election lies in its allocation of Electoral College votes. Unlike most states, Nebraska, alongside Maine, uses a split system where two votes are awarded to the ...
Mixed Results for Cannabis Initiatives in U.S. States
LOS ANGELES- In the recent elections, U.S. states voted on a range of cannabis-related measures, with mixed results. Notably, attempts to expand cannabis access faced both advancements and setbacks, highlighting the varied landscape of cannabis ...
Trump’s Return to Office: What it Means for the Cannabis Industry
LOS ANGELES- As Donald Trump returns to the White House, the cannabis industry is assessing how his policy stance could shape the future of legal cannabis in the United States. Trump's position on cannabis has ...
Massachusetts Voters Reject Medical Use of Psychedelics in Close Ballot Measure
LOS ANGELES- Massachusetts voters have rejected a proposed measure to legalize the medical use of certain psychedelics, with 57% voting against and 43% in favor. The initiative sought to permit the use of psilocybin, psilocin, ...
MindBio Reports Sustained Antidepressant Effects from Microdosing LSD in Phase 2A Depression Trials
LOS ANGELES- MindBio Therapeutics Corp. a Vancouver-based biopharmaceutical company, has announced promising durability data from its Phase 2A clinical trials testing MB22001, a proprietary microdosed LSD treatment for depression. The study, which involved self-administered, take-home ...
Ascend Wellness Stock Rises Amid Major Debt Refinancing Deal
LOS ANGELES- Ascend Wellness Holdings, Inc. saw its stock price increase by 2.9% on Friday, trading as high as $1.07 before closing at the same price. This trading activity represented a 301% increase in volume, ...
Tilray Expands Medical Cannabis Portfolio in Portugal
LOS ANGELES- Tilray Brands, Inc. has announced a new achievement in its European medical cannabis operations. The company received approval for its new product, Tilray Solução Oral THC10, in Portugal. This follows earlier approvals for ...
Philippine Lawmakers Push for Medical Cannabis Legalization
LOS ANGELES- The Philippines is making another attempt to legalize medical cannabis, with the House of Representatives approving a new bill on Tuesday. The measure, passed by a vote of 177-9, seeks to establish a ...
COMPASS Pathways Evaluates Prospects Despite Earnings Miss
LOS ANGELES- COMPASS Pathways reported a quarterly loss of $0.55 per share on May 8th, missing analysts' expectations of a $0.52 loss. The company is forecasted to post a loss of $2 per share for ...
Curaleaf Earnings Estimates Lowered
LOS ANGELES- Analysts at Atb Cap Markets have revised their Q2 2024 earnings estimates for Curaleaf Holdings, Inc. now forecasting a loss of $0.04 per share, down from a previous estimate of $0.03 per share. ...
Trulieve Contributes $5 Million to Florida Recreational Cannabis Campaign
LOS ANGELES- Trulieve, a medical cannabis company, has contributed an additional $5 million to support the campaign for legalizing recreational cannabis in Florida. This donation, made on July 15th, was directed to the Smart & ...
Aurora Cannabis Reports Quarterly Earnings
LOS ANGELES- Aurora Cannabis Inc. reported its quarterly earnings on Thursday, June 20th, surprising analysts with a positive earnings per share (EPS) of $0.11. This result significantly surpassed the consensus estimate of a $0.18 loss ...
Texas Cities Advance Cannabis Decriminalization Efforts Amid Legal Challenges
LOS ANGELES- Activists in several Texas cities are pushing for cannabis decriminalization, with measures set to appear on the November ballot in Lockhart, Dallas, and potentially Bastrop. These initiatives aim to reduce penalties for possession ...
Tilray Brands Reports 26% Increase in Revenue for Fiscal 2024
LOS ANGELES- Tilray Brands announced a 26% increase in net revenue for the fiscal year ending May 31, 2024, reaching $789 million. This result surpassed Wall Street analysts' projections of $783 million. The company's growth ...
Ohio Cannabis Health & Business Summit 2024: Exploring the Future of Medical and Adult-Use Cannabis
CLEVELAND, Ohio – The Ohio Cannabis Health & Business Summit (OCHBS) is thrilled to announce its annual conference, scheduled for October 4-5, 2024, at the I-X Center in Cleveland, Ohio. Since its inception in 2019, ...
Verano Acquires Cannabist Company’s Assets in Virginia, Arizona for $105 Million
NEW YORK- Verano Holdings Corp., a Chicago-based cannabis operator, has reached an agreement to acquire the plant-touching operations of The Cannabist Co. in Arizona and Virginia. The acquisition, valued at $105 million in a mix ...
Kamala Harris Emerges as Pro-Cannabis Advocate Amidst Potential Presidential Bid
LOS ANGELES- Vice President Kamala Harris, once opposed to cannabis legalization during her tenure as District Attorney of San Francisco, has now become a leading advocate for the cause. In April, she made history as ...
Organigram Advances Cannabis Product Portfolio with $1M Investment in Phylos
LOS ANGELES- Organigram Holdings Inc. has announced the completion of a partial third tranche investment of $1 million into Phylos Bioscience Inc., a U.S.-based cannabis genetics company. This investment is part of a broader strategy ...
DeSantis Criticizes Cannabis Legalization Initiative’s Ballot Inclusion
LOS ANGELES- Florida Governor Ron DeSantis expressed concerns over the state's cannabis legalization initiative, known as Amendment 3, during a Florida Sheriffs' Association conference. DeSantis argued that the ballot summary for the amendment does not ...
SNDL Announces Major Restructuring, Job Cuts to Save $20 Million Annually
LOS ANGELES- Canadian cannabis company SNDL Inc. has announced a significant financial restructuring plan, which includes the elimination of 106 full-time positions. The restructuring aims to optimize corporate overhead spending and consolidate its cannabis segments ...
Minnesota Opens Social Equity License Application for Adult-Use Cannabis Market
LOS ANGELES- The Minnesota Office of Cannabis Management (OCM) has initiated the first social equity business license application process for the state's adult-use cannabis market. The application window, which began on Wednesday, will remain open ...
Tilray Brands’ Aphria RX GmbH Receives License Under Germany’s New Cannabis Law
LOS ANGELES- Tilray Brands, Inc. announced that its German subsidiary, Aphria RX GmbH, has received a cultivation license under Germany's newly enacted adult-use cannabis legalization law. The facility, previously licensed in 2019 for Germany's medical ...
Dallas Officials Approve Cannabis Decriminalization Petition for November Ballot
LOS ANGELES- Dallas officials have finalized a petition allowing voters to decide on a cannabis decriminalization ordinance this November. The proposed measure aims to make the enforcement of Class A and Class B misdemeanor cannabis ...
Ohio Accelerates Adult-Use Cannabis Program Implementation
LOS ANGELES- The rulemaking process for Ohio's pending adult-use cannabis program is progressing rapidly, with sales expected to start by the third quarter of this year. Following voter approval of Issue 2, which legalized cannabis ...
Field Trip Health Ltd. Shares Rise 5.8% Amid Increased Trading Volume
LOS ANGELES- Field Trip Health Ltd. experienced a 5.8% increase in its share price during trading on Tuesday. The stock reached a high of C$1.11, before settling at C$1.09 by the end of the trading ...
Delaware Legalizes Cannabis: Recreational Sales Expected by Late 2024 or Early 2025
LOS ANGELES- Delaware recently legalized adult-use cannabis, but it may be up to two years before consumers can purchase it legally. According to Zoë Patchell, executive director of the Delaware Cannabis Advocacy Network, the state's ...
Study Highlights Psilocybin’s Significant Impact on Brain Function and Potential Therapeutic Uses
LOS ANGELES- A recent small randomized controlled trial has revealed that a single high dose of psilocybin induces significant and persistent changes in brain functional networks in healthy adults. The findings, published in Nature, provide ...
Medical Cannabis: Growth and Investment in 2024
LOS ANGELES- The medical cannabis industry is navigating 2024 with key players like Grow Group and Somai Pharmaceuticals leveraging new regulations and market dynamics to achieve ambitious growth targets. This article examines the recent developments ...
FDA and FTC Target Delta-8 THC Edibles Resembling Popular Snacks
LOS ANGELES- The Food and Drug Administration (FDA) and the Federal Trade Commission (FTC) are taking action against companies selling delta-8 THC edibles packaged to resemble popular snacks, often marketed towards children. Delta-8 THC is ...
