Consumer Research
RESPECT: House Lawmakers Introduce Cannabis Equity Resolution
WASHINGTON – A group of eight House lawmakers, led by ...
NYC Near-School Cannabis Dispensaries Avoid Shutdown or Relocation
NEW YORK – A significant number of New York’s licensed Cannabis dispensaries, previously at risk of closure for being too close to schools, have received a lifeline from state regulators. The Office of Cannabis Management ...
Aurora Launches Whistler Brand in Australia
EDMONTON – Aurora Cannabis Inc. announced the introduction of its Whistler Cannabis Co. brand to the Australian market, marking a significant step in its international expansion strategy. The launch brings two high-potency cultivars, Ginger Breath ...
BREAKING: Trump Signals Possible Cannabis Reclassification Within Weeks
LOS ANGELES- President Donald Trump said Monday that his administration is actively considering shifting Cannabis to a lower-risk category under federal law — a move that could have sweeping implications for the industry. Speaking at ...
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 ...
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 ...
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, ...
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 ...
Case Study: Grupo Flor: A Cannabis Turnaround Driven by Strategic Focus
SALINAS- When Mark Collins joined Grupo Flor as Chief Financial Officer, the California-based vertically integrated Cannabis company was in severe financial and operational distress. The business held multiple licenses across retail, cultivation, manufacturing, and distribution—far ...
Cannabis Stocks Rally as U.S. Rescheduling Debate Heats Up
LOS ANGELES — For the first time in more than a year, cannabis stocks are enjoying a sustained rally. Exchange-traded funds focused on the sector have climbed sharply in recent weeks, and several of the ...
Did Psilocybin Arrive From Outer Space? New Genomic Study Opens the Door to a Cosmic Possibility
LOS ANGELES — The psychedelic compound psilocybin has long intrigued researchers for its potential to treat mental health conditions, but a groundbreaking study is now shedding new light on where these mushrooms came from—and it’s ...
Legacy Cannabis Growers Raise Concerns as Eswatini Considers Legalization
JOHANNESBURG–In the Kingdom of Eswatini, the prospect of legalizing cannabis has sparked a contentious debate, with legacy cannabis growers expressing their objections to the potential changes. As the country considers embracing a regulated cannabis industry, ...
Study: Smoking Cannabis Doesn’t Carry Same Risks as Smoking Tobacco
LOS ANGELES-New research published in the journal Chronic Obstructive Pulmonary Diseases has revealed that cannabis use is not associated with a heightened risk of developing chronic obstructive pulmonary disease (COPD), even among individuals who possess ...
Acreage Holdings Reports Q1 2023 Financial Results with Declining Revenue and Net Loss
NEW YORK - Acreage Holdings, Inc, a multi-state cannabis operator, announced its financial results for the first quarter ended March 31, 2023. Despite challenges faced by the industry, the company reported a 1.6% decline in ...
American Medical Association Cannabis Study Finds Significant & Sustained Health Benefits
LOS ANGELES--A recent study published by the American Medical Association (AMA) has shed light on the positive effects of CBD and medical cannabis on various aspects of well-being. Conducted at a network of specialist medical ...
Financial Analysis Estimates North Carolina Could Generate $65 Million Annually from Proposed Medical Cannabis Market
LOS ANGELES-- A financial analysis conducted by HedgeRow Analysis reveals that if Senate Bill 3, also known as the North Carolina Compassionate Care Act, is approved, the state could generate nearly $65 million in annual ...
New Hampshire: Senate Republicans Once Again Reject House-Backed Legalization Bill
CONCORD, NH - In a recent decision, New Hampshire Senators thwarted a House-backed initiative that aimed to legalize the use and sale of cannabis for adults. With a vote of 14 to 10, the Senators ...
California Cannabis Tax Revenue Drops, Signaling Industry Challenges and Urgency for Tax Reduction
SAN JOSE, California–In a concerning trend for the cannabis industry in California, tax revenue generated from the sector has declined significantly in the first quarter of 2023, raising alarms about the industry's viability and the ...
SEC Halts $60 Million Alleged Ponzi-Like Scheme Linked to Non-Existent Cannabis Farm
LOS ANGELES--In a stunning revelation this week, the U.S. Securities and Exchange Commission (SEC) announced the shutdown of a long-running alleged Ponzi-like scheme in the cannabis industry, involving a company named WeedGenics and its owners. ...
Analysis: Canopy Growth Sets Sights on Expanding Canopy USA Amidst Canadian Market Concerns
NEW YORK- Canopy Growth Corporation ($CGC), a leading Canadian cannabis producer, has set its sights on the lucrative United States market. With the recent legalization and growing acceptance of cannabis across several states, the company's ...
TerrAscend Completes Sale of Mississauga Facility for CAD$19.7 Million, Further Reduces Debt
LOS ANGELES-- TerrAscend Corp. A cannabis operator in North America, has announced the successful completion of the sale of its facility located in Mississauga, Canada, for CAD$19.7 million. The company plans to utilize the net ...
MindMed’s Phase Study for Generalized Anxiety Disorder Enrolls +50% of Participants
LOS ANGELES-- Mind Medicine (MindMed), a clinical-stage biopharmaceutical company focused on developing treatments for brain health disorders, provided an update on its Phase 2b study evaluating MM-120 (lysergide D-tartrate) for generalized anxiety disorder (GAD). The ...
Arizona to Award $5 Million in Grants for Clinical Studies on Psilocybin Mushrooms
PHONIX-- Arizona is set to allocate $5 million in grants for researchers to conduct clinical studies on the therapeutic potential of hallucinogenic psilocybin mushrooms. The state's recently approved budget for fiscal year 2024 includes a ...
Glass House Brands Sees Opportunities as Legal Cannabis Farming Space Shrinks in California
LOS ANGELES--During Glass House Brands' recent earnings call, CEO Kyle Kazan revealed that the legal cannabis farming space in California is expected to significantly shrink this year, presenting an opportunity for the company to capture ...
Uncomfortably High-Testing Reveals Inflated THC Levels on Cannabis Packaging
LOS ANGELES-–Legal Cannabis products in the United States are required to report THC potency (total THC % by dry weight) on packaging. However concerns have been raised that reported THC potency values are inaccurate. This ...
Solutions Explored at NY Cannabis Insider Conference to Address Challenges in New York’s Adult-Use Cannabis Program
NEWYORK--, NY Cannabis Insider hosted a conference in Albany, bringing together stakeholders to discuss solutions to the persistent challenges faced by the New York adult-use cannabis program. One of the main issues raised was the ...
Canopy Growth Files Revised Proxy Statement to Accelerate Entry into U.S. Cannabis Market
LOS ANGELES-- Canopy Growth Corporation, aNorth American cannabis and consumer packaged goods (CPG) company, announced today the filing of a revised proxy statement with the U.S. Securities and Exchange Commission (SEC). The statement outlines the ...
Canadian Cannabis Producer BZAM Announces Non-Brokered Private Placement to Raise Up to C$5 Million
BZAM Ltd a Canadian cannabis producer, revealed its plans to conduct a non-brokered private placement to raise approximately C$5 million. The company intends to offer up to 22,222,223 units, with each unit priced at C$0.225. ...
Licensed Cannabis Transporters in Illinois File Lawsuit Against State Department of Agriculture for Failing to Regulate Cannabis Transportation
In a legal battle that could have significant implications for the cannabis industry in Illinois, a coalition of 13 licensed cannabis transporters has filed a lawsuit against the state Department of Agriculture, accusing regulators of ...
Auxly Cannabis Group Inc. Achieves Positive Adjusted EBITDA in Q1 2023
TORONTO--, Auxly Cannabis Group Inc. (TSX: XLY) announced its financial results for the first quarter ended March 31, 2023, revealing positive Adjusted EBITDA and notable revenue growth. The company, a leading player in the cannabis ...
Atai Life Sciences Reports Q1 2023 Financial Results and Updates on Clinical Trials
LOS ANGELES-- Atai Life Sciences, a clinical-stage biopharmaceutical company, released its financial results for the first quarter of 2023, along with updates on corporate developments. The company's cash reserves decreased from $273.1 million in December ...
MC Global Holdings Reports Strong Q1 Revenue, Significant Net Income Growth, and Positive Cash Flow
LOS ANGELES-- MC Global Holdings (MCG) has announced impressive financial results for the first quarter (Q1) of 2023, with strong revenue, substantial net income growth, and positive cash flow. The company exceeded expectations, surpassing both ...
Neptune Wellness Solutions Successfully Completes Public Offering, Securing Approximately $4 Million in Gross Proceeds
LOS ANGELES-- Neptune Wellness Solutions Inc., a consumer-packaged goods company focused on plant-based and sustainable lifestyle brands, has successfully closed a public offering of its common shares and accompanying warrants. The offering consisted of 12,121,212 ...
Curaleaf Holdings, Inc. Reports Strong Q1 2023 Results, Exceeding Revenue Expectations
LOS ANGELES-- Curaleaf Holdings, Inc, a global provider of consumer products in the cannabis industry, announced its financial and operating results for the first quarter ended March 31, 2023. The company's performance exceeded expectations, demonstrating ...
CASE STUDY: What Can Cannabis Leaders Learn From Mid-Day Squares?
LOS ANGELES--Mid-Day Squares, the brainchild of Nick Saltarelli, Lezlie Karls, and Jake Karls, has emerged as a captivating force in the world of chocolate. This family-owned business has embarked on a mission to combat mid-day ...
California Cannabis Brands & Distributors Organize Targeting Tardy Dispensary Payments
SAN FRANCISCO--Cannabis operators Kiva Sales & Service, Lowell Farms, Nabis, Sunderstorm and other key industry players in the world’s largest legal market, today announced the formal launch of Financial Stability for California Cannabis (FSCC), a new coalition composed of industry stakeholders. ...
