Consumer Research
Trump Fast Tracks Psychedelic Research
WASHINGTON D.C- President Donald Trump has signed a sweeping executive ...
Retail Launch in 2026 or 2027? Why Virginia Operators Must Prepare Before Reconciliation Concludes
VIRGINIA- With gubernatorial alignment and both chambers advancing sales legislation, ...
Ownership Disclosure and 25% Change-of-Control Triggers: How Virginia Will Scrutinize Your Cap Table
VIRGINIA- Ownership transparency and anti-concentration controls remain central to Virginia’s ...
California Allocates $30M in Cannabis Research Grants
SACRAMENTO – California's Department of Cannabis Control has disbursed nearly $30 million to support 22 academic projects examining Cannabis's influence on public health, environmental practices, and the regulated market. The funding, drawn from taxes on ...
Cannabis Market’s Hidden Scale: New Estimates Point to $90B U.S. Potential
LOS ANGELES – Viridian Capital Advisors' latest Chart of the Week dives into recreational Cannabis sales across nine mature markets (Michigan, Montana, Alaska, New Mexico, Massachusetts, Colorado, Oregon, Washington, and Nevada) to gauge true consumer ...
Republican State AGs Challenge Trump’s Cannabis Rescheduling Directive
LOS ANGELES – A coalition of Republican attorneys general from eight states has publicly rejected President Donald Trump's recent Executive Order to reschedule Cannabis under the Controlled Substances Act, citing persistent risks to public safety ...
Ohio Cannabis Sales Exceed $1.2B Since Recreational Launch
COLUMBUS – State records show Ohio's Cannabis sector has recorded more than $1.2 billion in combined medical and adult-use sales since recreational dispensaries opened in August 2024, a mark that underscores consistent buyer turnout in ...
Global Cannabis Market Tightens Amid Surging Demand and Supply Snags
LOS ANGELES – Germany's medical Cannabis imports jumped more than 400% in H1 2025, pushing the European market into a period of rapid expansion and testing the limits of international supply chains. That surge has ...
Ex-Prosecutor Calls for Psilocybin Therapy Legalization in NY
NEW YORK – A former narcotics prosecutor who once enforced drug laws now argues that New York must open the door to psilocybin-assisted therapy, framing it as a necessary step toward treating chronic pain and ...
Supply Bottlenecks Stall Minnesota’s Adult-Use Cannabis Launch
MINNEAPOLIS – Minnesota's adult-use Cannabis sector kicked off with fanfare, but operators on the ground report bare shelves and mounting bills as wholesale supplies fail to keep pace with licensed retail outlets. The Office of ...
U.S. Cannabis Operators Trail Canadian Counterparts in Valuation Metrics, Tied to Tax Constraints
LOS ANGELES – In the ongoing tug-of-war between regulatory challenges and market potential in the Cannabis sector, a fresh analysis underscores how a longstanding IRS provision continues to weigh on American companies. According to Viridian ...
Trump’s Rescheduling Order Ignites State Cannabis Momentum in Pennsylvania, Tennessee, and Wyoming
LOS ANGELES – President Donald Trump's directive last week to fast-track Cannabis's rescheduling has handed lawmakers in several conservative-leaning states a timely political opening to advance Cannabis reforms. The executive order, signed on December 18, ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – Operators and investors wrapped up 2025 on a high note, with federal policy breakthroughs and corporate maneuvers signaling sustained growth potential across Cannabis & Psychedelics. Over the past two weeks, President Trump's ...
Illinois Recreational Cannabis Sales Show Modest Growth in May
ILLINOIS-- Illinois' recreational cannabis market experienced a slight increase in sales during the month of May, according to data released by the Illinois Department of Financial and Professional Regulation. Despite the highly anticipated growth in ...
Greenlane Holdings, Inc. Initiates Reverse Stock Split to Maintain Nasdaq Listing
LOS ANGELES -- Greenlane Holdings, Inc., a leading global provider of premium cannabis accessories and specialty vaporization products, has announced plans to execute a one-for-10 reverse stock split of its Class A common stock. The ...
German Cannabis Policy Reform Takes Center Stage at ICBC Berlin 2023
BERLIN-- The International Cannabis Business Conference (ICBC) is gearing up for a timely and significant political discussion on cannabis policy reform in Germany. Building on the historic panel discussion held in 2021, where all major ...
Cronos Group Inc. to Cease Hemp-Based CBD Operations in the U.S. and Focus on Cash Flow and Future THC Market Entry
TORONTO-- Canadian cannabis company Cronos Group Inc. has revealed plans to discontinue its hemp-derived CBD operations in the United States by the end of the second quarter of this year. The decision is aimed at ...
Multi-State-Operators (MSOs) Set to Enter NY Adult-Use Market After Policy Change
NEW YORK–In an effort to stabilize New York's adult-use marijuana program, which has experienced a rocky rollout, new legislation and significant policy shifts have been proposed. One of the key changes is the potential entry ...
Arizona Legislature Seeks to Slash Medical Cannabis Card Prices Amid Declining Sales and Patient Numbers
PHOENIX-- In an effort to revive Arizona's struggling medical cannabis market, lawmakers are pushing forward a bill aimed at reducing the cost of medical cannabis cards. Senate Bill 1466, which received approval from the state ...
New York Regulators Pave the Way for Cannabis Farmers’ Markets Amid Supply Glut
NEW YORK-- In a bid to address the surplus of cannabis products and support local cultivators, regulators in New York have announced plans to introduce cannabis farmers' markets this summer. The move, spearheaded by the ...
Reunion Neuroscience to be Acquired by MPM BioImpact in $13.1 Million All-Cash Deal
LOS ANGELES-- Reunion Neuroscience Inc. a clinical-stage biopharmaceutical company specializing in innovative therapies for underserved mental health conditions, has announced a definitive arrangement agreement with MPM BioImpact, a leading biotechnology investment firm. Under the agreement, ...
California’s Regulated Cannabis Market Sees Decline in Sales and Tax Revenue in Q1 2023
LOS ANGELES-- California's hopes of increased consumer participation in the regulated cannabis market did not translate into a boost in licensed retail sales or state tax revenue during the first quarter of 2023. According to ...
C21 Investments Repays $30 Million Debt to CEO Sonny Newman
LOS ANGELES-- C21 Investments Inc., a vertically integrated cannabis company, announced today the successful completion of the full repayment of its $30 million senior secured note owed to Sonny Newman, the Company's President and Chief ...
Humble & Fume Inc. Announces Intention to Raise Approximately C$2 Million through Non-Brokered Private Placement
LOS ANGELES-- Humble & Fume Inc., a distributor of cannabis and cannabis accessories in North America, has revealed its plans to undertake a non-brokered private placement offering. The company intends to issue approximately 2,000 convertible ...
Trulieve Disciplined for Worker Death; Announces Exit from Competitive California & Massachusetts Markets
LOS ANGELES–Trulieve, a prominent cannabis company, has recently found itself embroiled in a distressing incident. In Massachusetts, a tragic workplace accident resulted in the death of one of Trulieve's employees. The company has since faced ...
Minnesota Legalizes Recreational Cannabis, Expanding Market and Tax Revenue
MINNESOTA. - Governor Tim Walz of Minnesota has signed into law a bill legalizing the recreational use of cannabis, making Minnesota the 23rd state in the U.S. to do so. The legislation, known as HF ...
Opinion: Cannabis PR Scares Me…and It Should Scare You Too–By Lauren Mundell
LOS ANGELES--First of all, if you don't understand PR, you're not alone. One of the top influencers in PR Parry Headrick often recycles this post and it gets hundreds of comments each time. So, instead of ...
Innocan Pharma Reports Significant Revenue Growth & Gross Profit in Q1 2023
LOS ANGELES-- Innocan Pharma Corporation, a pharmaceutical technology company specializing in innovative drug delivery platform technologies, has announced its financial results for the first quarter ended March 31, 2023. The company reported significant growth in ...
Minnesota Legalizes Adult-Use or Recreational Cannabis
ST PAUL, MN–Minnesota Governor Tim Walz, a Democrat, made a significant move on Tuesday by signing a bill that legalizes the recreational use of cannabis in the state. With this signature, Minnesota becomes the 23rd ...
Canopy Growth Acquires 19.99% Stake in Indiva, Secures Distribution Rights for Wana Edibles in Canada
LOS ANGELES-- In a strategic move to expand its presence in the cannabis edibles market, Canadian cannabis producer Canopy Growth has announced the acquisition of a 19.99% stake in edibles manufacturer Indiva. The deal also ...
Cansortium Reports Q1 2023 Results with Revenue Growth and Increased Profitability
LOS ANGELES-- Cansortium Inc., a vertically-integrated multi-state cannabis company operating under the FLUENT™ brand, has reported its financial and operating results for the first quarter ended March 31, 2023. The company showcased a 12% year-over-year ...
Tilray Brands, Inc. Announces Successful Pricing of $150 Million Unsecured Convertible Senior Notes Offering
Los Angeles-- Tilray Brands, Inc. a global cannabis-lifestyle and consumer packaged goods company, revealed today that it has successfully priced its registered offering of $150 million aggregate principal amount of 5.20% Convertible Senior Notes due ...
BZAM Ltd. Reports Strong Q1 2023 Results, Achieving Record Revenues and Expanding Market Share
LOS ANGELES-- BZAM Ltd a Canadian cannabis producer, has released its financial and operating results for the first quarter of 2023, reporting impressive growth and positive developments. The company's Q1 2023 highlights include achieving record ...
Massachusetts Regulators Scrap Pilot Program for Cannabis Consumption Cafes, Prioritize Broader Approach
BOSTON-- In a bid to expedite the establishment of cannabis consumption lounges, Massachusetts marijuana regulators have made the decision to cancel a long-planned pilot program for such establishments. The move comes as members of the ...
Canopy Growth Corporation Faces Restatement of Financial Statements Following Internal Review
Los Angeles-- Canopy Growth Corporation, a cannabis company, announced today that it will need to restate its financial statements following an internal review of the financial reporting matters related to BioSteel Sports Nutrition Inc. This ...
California’s Legal Cannabis Market Faces Declining Sales in Q1 2023
LOS ANGELES- California's legal cannabis market continues to grapple with challenges, as indicated by the latest tax and sales numbers released by the state's Department of Tax and Fee Administration. According to the agency's report ...
Organigram Enters Partnership with Phylos Bioscience to Enhance Cannabis Genetics and Technical Capabilities
LOS ANGELES-- Organigram Holdings Inc, a licensed producer of cannabis, announced today that it has forged a comprehensive technical and commercial relationship with Phylos Bioscience Inc., a renowned U.S. cannabis genetics company based in Portland, ...
Uncertain Future for Medical Cannabis Expansion in Texas as Legislative Session Nears Conclusion
AUSTIN-- As the Texas legislative session draws to a close this Memorial Day, the future of medical cannabis expansion in the state remains uncertain. Crucial legislation aimed at broadening access to low-THC medical cannabis products ...
