Consumer Research
GTI Reports Q1 2026 Financial Results
CHICAGO – Green Thumb Industries Inc. released its first-quarter 2026 ...
WSWA Launches Educational Resource on Hemp Beverage Regulation
WASHINGTON – The Wine & Spirits Wholesalers of America (WSWA), ...
AbbVie Secures First Psychedelic PRIME Designation in Europe
BRUSSELS – The European Medicines Agency (EMA) has granted Priority ...
Grenada Decriminalizes Cannabis
ST. GEORGE'S – Grenada's Parliament approved amendments to the nation's drug laws, decriminalizing personal possession of Cannabis for adults while imposing strict limits on use and distribution. The move, part of a broader effort to ...
Curaleaf Debuts in Maine’s Recreational Market
BANGOR – Curaleaf Holdings Inc. launched its recreational customer sales at a newly opened dispensary, marking the company's first step into Maine's adult-use sector after years of serving only medical patients. The store sits next ...
Americans Are Open to Learn More About Psychedelics, Ipsos Poll Finds
WASHINGTON – A fresh survey reveals that a majority of Americans express interest in gaining more knowledge about psychedelics as potential tools for mental healthcare, even as public familiarity remains spotty and opinions split along ...
Aurora Cannabis Reports Q2 FY2026 Financial Results
EDMONTON – Aurora Cannabis Inc. posted a solid second quarter for its fiscal 2026, with total net revenue climbing 11% to CA$90.4 million, driven by a surge in international medical Cannabis sales that highlighted the ...
Cresco Labs Reports Q3 2025 Financial Results
CHICAGO – Cresco Labs, a major player in branded Cannabis products and the Sunnyside retail chain, announced third-quarter results showing revenue of $165 million for the period ended September 30. The figure marked a modest ...
Planet 13 Exits California, Focusing on Nevada and Florida
LAS VEGAS – Planet 13 Holdings Inc., the vertically integrated Cannabis operator known for its expansive Las Vegas flagship, disclosed plans this week to sell off its sole California retail outlet and shutter its cultivation ...
Green Thumb Industries Reports Q3 2025 Financial Results
CHICAGO – Green Thumb Industries released third-quarter earnings that reflected a narrow sales increase alongside deepening price cuts in established markets. The company posted $291.4 million in revenue for the period, a 1.6% rise from ...
Cannabis-Infused Drinks Show Promise in Curbing Alcohol Use, New Research Finds
LOS ANGELES – A fresh analysis from researchers at the University at Buffalo suggests that adults turning to Cannabis-infused beverages often scale back their alcohol habits, including sharp drops in binge drinking. The findings, drawn ...
Verano Raises Credit Limit to $100M, Extending Repayment Deadline to 2029
CHICAGO – Verano Holdings Corp. disclosed an update to its revolving credit facility that lifts the available funds to $100 million and stretches the repayment deadline. The change adds $25 million to the prior $75 ...
Circle K Tests Hemp THC Waters in Texas
DALLAS – Circle K has begun stocking shelves with hemp-derived THC beverages at select Texas stores, marking the c-store chain's first foray into the state's market for intoxicating hemp products. The rollout, in partnership with ...
USDA Acknowledges Hemp’s Significance by Adding It to Agricultural Technical Advisory Committee Title
LOS ANGELES-- The U.S. Department of Agriculture (USDA) has made a noteworthy move that underscores the recognition of hemp as a valuable commodity. The agency will include hemp in the title of one of its ...
San Francisco Board of Supervisors Implements Three-Year Moratorium on New Cannabis Businesses
SAN FRANCISCO-- In a unanimous decision, the San Francisco Board of Supervisors voted to impose a three-year ban on new cannabis businesses, aiming to address concerns of oversaturation and competition from the illicit market. The ...
Senate Committee Considers Cannabis Banking Reform Legislation Amidst Competing Priorities
WASHINGTON — A crucial piece of legislation concerning cannabis banking reform may finally be gaining traction in the U.S. Senate, according to statements made by a prominent Democratic senator. The SAFE Banking Act, which aims ...
TerrAscend Corp. Sells Mississauga Head Office Below Asking Price Amidst Canadian Cannabis Industry Trends
LOS ANGELES-- TerrAscend Corp. a North American cannabis operator, recently finalized the sale of its head office in Mississauga for 19.7 million Canadian dollars ($15 million). The transaction, however, fell short of the initial asking ...
California Cannabis Industry Tackles Unpaid Invoices with Credit Association
LOS ANGELES-- In an effort to address the issue of unpaid invoices and bring financial stability to the supply chain, a group of California distributors and brands, representing over half of the state's wholesale B2B ...
Federal House Proposal Aims to Enhance Cannabis Research at U.S. Universities, Eliminating Barriers
WASHINGTON— In a bid to bolster cannabis research and pave the way for scientific advancements, a House bill was introduced on Tuesday with the aim of promoting cannabis research at universities while dismantling existing federal ...
FDA Regulation of CBD: Bipartisan Measures Introduced in the House
LOS ANGELES-- In response to the U.S. Food and Drug Administration's (FDA) call for congressional regulation of cannabidiol (CBD), two bipartisan measures have been reintroduced in the House of Representatives by U.S. Reps. Morgan Griffith ...
Canopy Growth Corporation Expands to Quebec’s Cannabis Market
LOS ANGELES-- Canopy Growth Corporation has announced its expanded to deliverin cannabis products sourced from Quebec for consumers in the province. The company has forged a partnership with VASCO Cannabis Inc., a renowned Quebec-based cannabis ...
Red White & Bloom Brands Plans Share-Exchange Acquisition of Aleafia Health
LOS ANGELES-- Multistate operator Red White & Bloom Brands (RWB) has announced its intention to acquire financially troubled Canadian cannabis operator Aleafia Health in a share-exchange agreement. The proposed deal comes shortly after Aleafia announced ...
Cannabis Capital Raises Experience Multiyear Low as Investment Focus Shifts
LOS ANGELES-- The cannabis industry is witnessing a decline in capital raises, reaching a multiyear low despite ongoing challenges in California and criticism of the New York adult-use market launch. Surprisingly, investor money continues to ...
10 Top Tips for Investing in Cannabis Stocks: Exploring Opportunities in the Emerging Industry
LOS ANGELES -The rapidly growing cannabis industry presents exciting prospects for investors seeking new avenues of growth. However, to capitalize on these opportunities, it's crucial to approach the market with a strategic mindset and an ...
Fire & Flower Holdings Seeks Creditor Protection Following Mounting Losses
TORONTO-- Fire & Flower Holdings Corp. and its subsidiaries have taken a significant step in response to their financial struggles, as they have been granted an initial order for creditor protection by the Ontario Superior ...
C21 Investments Faces Securities Commission Cease Trade Order Amidst Financial Statement Delay
LOS ANGELES-- C21 Investments Inc., a prominent vertically integrated company operating in the cannabis sector, has encountered a significant setback as the British Columbia Securities Commission (BCSC) issued a Cease Trade Order against the company's ...
New York Extends Cannabis Licenses to Boost Adult-Use Market
NEW YORK-- New York Governor Kathy Hochul recently signed a bill that extends the licenses of cannabis cultivators and processors in an effort to expedite the establishment of the state's adult-use market. As state regulators ...
Canopy Growth Corp. Faces Delisting from S&P/TSX Composite Index
LOS ANGELES-- Canopy Growth Corp., a Canadian cannabis company, is set to be removed from the S&P/TSX Composite Index, a key market benchmark similar to the S&P 500 in the United States. The decision, announced ...
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 ...
