Consumer Research
Vireo Growth Acquires Eaze, Expands into California and Florida
MINNEAPOLIS – Vireo Growth Inc. announced a definitive agreement to ...
Trump’s Potential Cannabis Rescheduling Sparked Stock Rise and Industry Uncertainty
LOS ANGELES – On August 11, 2025, President Donald Trump’s public comments on potentially rescheduling Cannabis from Schedule I to Schedule III under the Controlled Substances Act skyrocketed Cannabis stocks. The AdvisorShares Pure U.S. Cannabis ...
Hemp-Derived THC Beverages Gain Traction as U.S. Alcohol Consumption Declines
LOS ANGELES – Hemp-derived THC beverages generated $382 million in sales in 2024, a marked increase from previous years, yet 2025 projections indicate tempered growth at $571 million, climbing to $756 million by 2029 with ...
Crafting Cannabis Excellence: How Quality Builds Lasting Brands
In the bustling Cannabis market, where fierce competition and economic pressures have driven prices down, many products risk blending into a sea of sameness. Yet, a select group of companies stands out by prioritizing premium ...
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 ...
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 ...
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 ...
9 in 10 Americans Favor Cannabis Legalization, Pew Research Center Poll Reveals
LOS ANGELES – A groundbreaking Pew Research Center survey conducted from January 27 to February 2, 2025, shows that 87% of Americans support legalizing cannabis, reflecting a seismic shift in public sentiment. The poll results, ...
Psilocybin Shows Promise for Traumatic Brain Injury Recovery
LOS ANGELES – A scientific review published in the journal Brain Sciences has outlined how psilocybin, the active compound in psychedelic mushrooms, might support recovery for individuals with traumatic brain injuries. The analysis, released in ...
Cannabis Companies Secure Extension in Federal Prohibition Case
WASHINGTON – The U.S. Supreme Court has extended the deadline for a group of Cannabis businesses to file a petition seeking review of their case against the Justice Department, which aims to strike down the ...
NYC Dispensaries Seek Justice in Court Over Schools Proximity Blunder
NEW YORK – A coalition of licensed Cannabis dispensaries filed suit against New York regulators on Friday, claiming a state error in enforcing school buffer zones threatens their operations and could force closures or costly ...
Kentucky Gov. Beshear Signs Bill Allowing Medical Cannabis Sales By Private Industry in 2025
KENTUCKY-- Kentucky Governor Andy Beshear signed Senate Bill 47 into law on Friday, allowing private industry to sell cannabis beginning in 2025. This move puts Kentucky on the map in the modern cannabis industry, and ...
Schwazze Posts $18.5 Million Loss in 2022 Due to Expansion into New Mexico and Acquisitions, But Sees Strong Revenue Growth and Retail Sales
LOS ANGELES-- Schwazze Inc., formerly known as Medicine Man Technologies Inc. and based in Denver, Colorado, has reported a net loss of $18.5 million for the full year of 2022, a significant downturn from its ...
Columbia Care reports $300 million net loss for Q4 2022 and strategic restructuring efforts
LOS ANGELES-- Columbia Care Inc. recently reported its financial results for the fourth quarter and full year ended Dec. 31, 2022, revealing a net loss of $300 million for the quarter, compared to a net ...
Aurora Cannabis Saves $2.6 Million in Interest Payments Through Repurchase of Convertible Senior Notes
LOS ANGELES-- Canadian cannabis company Aurora Cannabis Inc. has announced that it has repurchased approximately $46.6 million (US$34.3 million) worth of its convertible senior notes. The Notes were repurchased at a total cost, including accrued ...
New York Bill Advances to Cover Medical Cannabis Under State-Funded Insurance Programs
NEW YORK-- New York state lawmakers are pushing forward with a measure that could bring significant relief to patients seeking medical cannabis treatment. The proposed bill, which advanced easily out of a state Assembly committee ...
Canopy Growth Corp. Ordered to Pay C$15 Million in Arbitration Ruling
LOS ANGELES-- Canopy Growth Corp., a major player in the cannabis industry based in Canada, has been hit with a C$15 million penalty by an arbitration tribunal for breach of contract, according to a regulatory ...
Curaleaf to Close NJ Cannabis Cultivation Facility, Resulting in Layoffs
LOS ANGELES-- Curaleaf, a cannabis giant based in Massachusetts, has announced that it will close its cannabis cultivation facility in Bellmawr, New Jersey. The closure will reportedly result in the loss of up to 40 ...
Aurora Cannabis Faces Nasdaq Delisting Threat as Share Price Languishes Below $1
LOS ANGELES-- Aurora Cannabis Inc., a major player in the Canadian cannabis industry, has been warned by Nasdaq Stock Market LLC that it risks losing its Nasdaq listing if it does not get its share ...
New York Cannabis Retailer Adds THC Potency Disclaimers Due to Flaws in Lab Testing System
NEW YORK-- One of the few legal cannabis retailers in New York state, Union Square Travel Agency, has added THC potency disclaimers to its products due to inaccuracies in the current lab testing system. The ...
Cannabis Industry Trade Groups Urge Senate Committee to Prioritize SAFE Banking Act
LOS ANGELES-- Cannabis industry trade groups are pushing for a Senate hearing on the upcoming SAFE Banking Act, even though it hasn't been reintroduced in the U.S. Senate or House of Representatives yet. The bill ...
Bloomios Taps Joe Reid to Lead Manufacturing Operations
Bloomios, a cannabinoid supplements company, has appointed Joe Reid to lead its manufacturing operations. With over a decade of manufacturing experience and extensive knowledge of the CBD industry, Reid is expected to help Bloomios double ...
Missouri Cannabis Sales Skyrocket, Causing Shortages and Price Hikes as Demand Surges
MISSOURI-- Since the launch of recreational cannabis sales in Missouri, the state has experienced a surge in demand that has caused prices to skyrocket. Within two months of the launch, cultivators have struggled to meet ...
California Launches Crackdown on Cannabis Industry Corruption in Response to Ongoing Concerns
LOS ANGELES--In response to persistent corruption concerns in California's cannabis industry, the state government is launching a new crackdown in several jurisdictions that have not yet been identified. This move follows allegations of bribery, pay-to-play ...
Michigan Recreational Cannabis Prices Rise as Fewer Plants Being Grown and Enforcement Steps Up
MICHIGAN-- The price of recreational cannabis in Michigan has increased for the first time since dispensaries began selling in December 2019. According to the Michigan Cannabis Regulatory Agency, the cost of an ounce of flower ...
Andira Pharmaceuticals Has Announced A Collaborative Research Program With The University of British Columbia
VANCOVER-- Andira Pharmaceuticals has partnered with the University of British Columbia (UBC) to conduct a pharmacologic characterization of its lead compounds for metastatic breast cancer. The collaborative research program will be headed by Dr. Karla ...
IGC Pharmaceuticals, Inc. Announces Name Change to Better Reflect Strategic Focus
LOS ANGELES-- Maryland-based pharmaceutical company, India Globalization Capital, Inc. (NYSE American: IGC), is changing its name to IGC Pharma, Inc., (dba IGC) effective March 30, 2023, as part of a rebranding strategy that reflects its ...
Heroes of cannabis legalization
Hui-lin Lifrom 100 AD The Chinese botanist noted the medical properties of the plant for inducing sleep in pained patients, paving the way for surgical anesthetic. The chinese term for anesthesia- mázui- literally means ‘cannabis ...
Mississippi’s Medical Cannabis Industry Sees New Bill
MISSISSIPI-- Mississippi’s medical cannabis industry is set to see some changes, following the final approval of a new bill that aims to make life easier for the state’s medical cannabis operators. House Bill 1158, passed ...
California Cannabis Brand, Rose, Teams Up with Kiva Sales and Service to Expand Product Line
LOS ANGELES-- Rose, California's cannabis brand, announced today an exclusive partnership with Kiva Sales and Service (KSS), a top sales and distribution platform that offers dispensaries a curated selection of the best brands in the ...
Australian Nurses Call for Medicinal Cannabis Education in Undergraduate Degrees
The group wants education about the endocannabinoid system included in undergraduate nursing degrees. Seven years ago, the Federal Parliament passed legislation to legalise medicinal cannabis in Australia. Since then, most cannabis medications have been classified ...
Psychedelic Firm Reunion Neuroscience Sues Mindset Pharma for Patent Infringement and Breach of Contract
LOS ANGELES-- Clinical research firm Reunion Neuroscience Inc. has filed a lawsuit against Mindset Pharma Inc. in federal court, alleging that the latter copied its psychedelic formula and presented it as its own invention while ...
Ascend Wellness Holdings Expands But Still Struggles To Turn a Profit
NEW YORK-- Ascend Wellness Holdings Inc., a New York-based cannabis company, expanded its footprint significantly in 2022 by opening four new stores in three states, transitioning three shops in New Jersey to recreational sales, expanding ...
California’s Cannabis Industry Faces Challenges Amid Difficult Market Conditions and Regulatory Changes
LOS ANGELES-- During a recent earnings call, Kyle Kazan, CEO of Glass House Brands, revealed that challenging market conditions in California are forcing cannabis operators to leave, leaving many vendors unpaid. Kazan stated that "many ...
Experts Warn of Ripple Effects for Cannabis Industry Following Silicon Valley Bank’s Failure
LOS ANGELES- Silicon Valley Bank’s unexpected collapse last Friday is sending ripples of concern through the cannabis finance industry, as experts warn that even if the cannabis sector itself remains untouched, there will still be ...
Politicians Discuss Narrow Window for Federal Cannabis Legalization at SXSW Conference
AUSTISN-- The SXSW conference in Austin, Texas, known for its focus on cutting-edge tech, music, and film, also hosted a cannabis track of sessions this year, along with a psychedelics track for the first time. ...
