Consumer Research
Oklahoma Law Review Claims 280E No Longer Applies Post-Cannabis Rescheduling
TULSA – A forthcoming article in the Oklahoma Law Review ...
Michigan Cannabis Sales Hit $3.17B in 2025, First Annual Decline Since Legalization
LANSING – Michigan consumers purchased $3.17 billion in recreational Cannabis ...
MariMed Reports Q4 and FY 2025 Financial Results
NORWOOD – MariMed Inc. released its fourth-quarter and full-year 2025 ...
Who Will Decide Cannabis Legalization? The Math Will.
LOS ANGELES -For decades, Cannabis reform in the United States has moved unevenly—state by state, ballot by ballot, crisis by crisis. On paper, federal prohibition still stands, and national politics remain polarized. But economically and ...
Canopy Growth Locks in Debt Overhaul, Gears Up for Expansion
TORONTO – Canopy Growth Corp. detailed a pair of financial maneuvers aimed at shoring up its books and clearing a path for expansion. The deals, which include a new $150 million U.S. term loan and ...
U.S. Hempcrete Market Set for Steady Rise to $10.6B by 2033
LOS ANGELES – The market for hempcrete, a lightweight composite material derived from the woody core of the hemp plant, stands at $7.83 billion this year and could reach $10.6 billion by 2033. That trajectory ...
Fairfax Bank Retreats from Servicing Cannabis Businesses
FAIRFAX – MainStreet Bancshares Inc., a community lender with $2.2 billion in assets, has shelved its Cannabis banking program just eight months after unveiling it as a growth driver. The decision, disclosed by CEO Jeff ...
Stiiizy Halts Sales at Catalyst Outlets as Leadership Clash Deepens
LOS ANGELES – Stiiizy, California's dominant Cannabis brand with a footprint in Arizona, Michigan, and Nevada, has stopped supplying its products to Catalyst Cannabis Co. stores, marking a sharp break in what was once a ...
Arizona Funds Nation’s First Whole-Mushroom Psilocybin Trial Targeting PTSD in Veterans & First Responders
PHOENIX – State officials in Arizona have authorized and financed what amounts to the country's initial controlled study of whole psilocybin mushrooms as a treatment for post-traumatic stress disorder (PTSD) among police officers, firefighters, and ...
Bioxyne Reports Record Revenue, Yet Cash Outflows Climb on Expansion Push
SYDNEY – Bioxyne Limited, an Australian life sciences and wellness products company, posted its highest quarterly revenue on record for the period ended September 30, with sales reaching A$14.1 million, a 210% jump from the ...
DEA Increases Psychedelics Production Quotas for 2026
WASHINGTON – The Drug Enforcement Administration has approved expanded production limits for key psychedelics, setting the stage for increased scientific inquiry into substances like psilocybin and DMT next year. In a final order published Monday ...
Indiana Republicans Propose Statewide Oversight for Craft Hemp Market
INDIANAPOLIS – Three Republican members of the Indiana House introduced legislation this week to impose a structured permitting system on the sale and distribution of craft hemp products, a category that includes flower, beverages and ...
Wyld Acquires Grön
SEATTLE – Wyld, a leading producer of THC-CBD-infused gummies and chocolates, announced its agreement to acquire Grön, a Portland-based maker of sugar-coated pearls and confections, in a move that unites two prominent players in the ...
New York Cannabis Regulators Introduce “Cannabis Showcase” Program for Public Events
NEW YORK -- In a significant move, New York cannabis regulators have voted in favor of the "Cannabis Showcase" program, permitting growers to sell their products directly to the public at various events, including concerts ...
New York State Senator Proposes Ban on Public Cannabis Consumption
NEW YORK-- New York State Senator George Borello (R) recently introduced a measure aimed at banning cannabis smoking and consumption in public, unless special authorization has been granted for specific locations. The legislation's Assembly version ...
Columbia Care’s Cannabist Retail Location in NJ Ratifies First Labor Contract
LOS ANGELES-- The United Food and Commercial Workers (UFCW) union, Local 360, recently announced that the Cannabist retail location in Deptford, NJ, operated by Columbia Care, Inc., has successfully ratified its first labor contract. The ...
FDA’s Psychedelic Guidance Sparks Interest in Funding and Research Advancement
LOS ANGELES-- In a groundbreaking move, the U.S. Food and Drug Administration (FDA) recently released draft guidance aimed at facilitating research into classic psychedelics, such as LSD, MDMA, and psilocybin, for potential therapeutic uses in ...
New York City Business Owner Ordered to Forfeit $400,000 in Illegal Cannabis Sales and Unpaid Taxes
NEW YORK-- A business owner in New York City has been ordered to forfeit over $400,000 in illegal proceeds and unpaid taxes after illegally selling cannabis at multiple shops in Manhattan, according to the Associated ...
61% U.S. Voters Support Legalizing Psychedelic Therapies
SAN FRANCISCO --In a groundbreaking effort, the Berkeley Center for Psychedelic Studies (BCPS) has released the highly anticipated results of their first-ever study on the therapeutic effects of psychedelics. The study, conducted over a span ...
Philip Morris International Set to Invest Up to $650 Million in Israeli Cannabis Company
LOS ANGELES-- Philip Morris International Inc., the renowned tobacco company behind the iconic Marlboro brand, is set to make a substantial foray into the cannabis industry. With a strategic eye on pain management, Philip Morris ...
Green Thumb Reports Employee Death in Illinois Facility
CHICAGO--In a somber announcement, Green Thumb Industries Inc, a prominent U.S. cannabis producer, disclosed on Tuesday that one of its employees had tragically passed away at its Rock Island, Illinois facility last Friday. The news ...
New Study Challenges Link Between Cannabis Use and Psychosis
LOS ANGELES-- Opponents of cannabis and some mainstream media outlets have long claimed that cannabis is detrimental to human brain health, often suggesting a causal link between cannabis use and psychosis. However, a recent study ...
Stabilization and Rebound in U.S. Wholesale Cannabis Market
LOS ANGELES-- The U.S. cannabis wholesale market has shown signs of stabilization this year, following a significant decline in 2022, and has even experienced a modest rebound since last year, according to a recent report ...
Germany’s Adult-Use Cannabis Policy Takes Shape: What We Know So Far
LOS ANGELES-- Germany is making significant progress in shaping its adult-use cannabis policy, with key details emerging during a recent press conference. While some aspects still require further exploration, here is what we currently know ...
New Mexico Regulator Revokes Cannabis Retailer’s License for Out-of-State Sales
ALBUQUERQUE, In a groundbreaking move, the New Mexico Regulation and Licensing Department took decisive action last week by revoking the license of Paradise Distro LLC, a cannabis retailer based in Albuquerque. The license was rescinded ...
Canopy Growth Plans Share Consolidation Amid Nasdaq Listing Noncompliance
LOS ANGELES-- Canadian cannabis producer Canopy Growth has revealed its intention to seek approval for the consolidation of its shares after receiving a notification from the Nasdaq indicating its failure to meet the stock exchange's ...
ACT LAB Expands Operations with Acquisition of Florida Lab Assets from Green Scientific
LOS ANGELES-- ACT LAB, a lab testing company in the legal cannabis and hemp markets, has recently announced its successful regulatory approval and completion of the acquisition of Florida lab operations and associated assets from ...
Cannabis Companies Confront Operational Challenges Amidst Severe Weather
LOS ANGELES-- As severe weather conditions persist, cannabis companies spanning from Northern California to South Florida are grappling with new operational obstacles. The strain on power grids and the aftermath of historic flooding in parts ...
Aleafia Health and Red White & Bloom Brands Terminate Merger Amid Debenture Dispute
TORONTO — The anticipated merger between Canadian cannabis company Aleafia Health and U.S. multistate cannabis operator Red White & Bloom Brands has been called off, according to an announcement made by the companies. The proposed ...
Compass Pathways’ Psilocybin Treatment Shows Promise for Depression
LONDON-- London-based mental health care company, Compass Pathways (Nasdaq: CMPS), announced encouraging outcomes from a phase 2 clinical trial investigating the efficacy of its synthetic psilocybin treatment, COMP360, in combination with daily SSRI antidepressants for ...
Study: Cannabis Use Enhances ‘Runner’s High’ During Exercise
LOS ANGELES-Recent research published in the journal Cannabis and Cannabinoid Research has shed light on an intriguing association between cannabis use and an enhanced running experience. According to the study's data, individuals who used cannabis ...
Canadian Cannabis Entrepreneurs Turn to Micro-Cultivation to Tackle Oversupply
TORONTO-- In response to a surplus of cannabis and declining prices within the Canadian cannabis industry, cannabis entrepreneurs are increasingly embracing smaller micro-cultivation facilities as a means to reduce costs and produce higher-quality cannabis. This ...
Week In Review: Cannabis & Psychedelic Sectors Diverge: TerrAscend Leads Cannabis Stocks, Canopy Growth Struggles, Awakn & Cybin Forge Ahead
LOS ANGELES- In the fast-paced world of cannabis and psychedelics, last week's developments & ''liquidity events'' have left investors and industry experts alike eagerly observing the unfolding landscape. These events have showcased both encouraging victories ...
Ohio Adds Irritable Bowel Syndrome to Medical Cannabis Qualifying Conditions
LOS ANGELES-- On July 12, the State Medical Board of Ohio announced its decision to include irritable bowel syndrome (IBS) in the state's list of qualifying conditions for medical cannabis. However, the board rejected the ...
Red Lake Nation to Open Minnesota’s First Native American Adult-Use Cannabis Store
LOS ANGELES --In a significant development for Minnesota's cannabis industry, the Red Lake Nation has voted to allow NativeCare Dispensary, an existing tribal medical cannabis dispensary, to commence sales to individuals aged 21 and older ...
Cannabis Industry Seeks Relief from Unfair Tax Burden of 280E
In a nod to the historic Boston Tea Party of 1773, cannabis company MariMed recently held the 'Boston 280E THC Party' in Boston Harbor, a unique event designed to protest Tax Code 280E. CEO and ...
North Carolina Medical Cannabis Legalization Bill Faces Republican Opposition
LOS ANGELES-- Efforts to legalize medical cannabis in North Carolina have hit a roadblock, as the bill that gained bipartisan support in the state Senate earlier this year has been deemed unlikely to pass in ...
Michigan Civil Service Commission Votes to Lift Cannabis Drug Test Ban for Most State Employees
LOS ANGELES-- In a unanimous decision, the Michigan Civil Service Commission has voted to eliminate the prohibition on hiring most state employees who fail pre-employment drug tests for cannabis, as reported by MLive. This move ...
