Consumer Research
CMI Projects Double-Digit Expansion for Cannabis Testing Market
LOS ANGELES – A recent analysis from Custom Market Insights ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – The past fortnight delivered a surge of ...
Planet 13 Reports Q3 2025 Financial Results
LAS VEGAS – Planet 13 Holdings Inc., a multistate Cannabis operator with flagship operations in Nevada and Florida, disclosed a $44 million net loss for the third quarter, reflecting the toll of compressed prices, softening ...
Glass House Brands Reports Q3 2025 Financial Results
LONG BEACH – Glass House Brands Inc. disclosed third-quarter 2025 earnings that showed a marked slowdown in sales and profitability, chalked up to deliberate shifts in its labor strategy. The company posted revenue of $38.4 ...
ANTG Inks Deal with Curaleaf to Supply Medical Cannabis for UK Patients
LONDON – Australian Natural Therapeutics Group, a leading cultivator of pharmaceutical-grade Cannabis, has reached an agreement with Curaleaf Laboratories to bring its products to British patients, marking a cross-continental push into Europe's second-largest medical Cannabis ...
Compass Pathways Advances Psilocybin Therapy Timeline for Depression Treatment
LONDON & NEW YORK – Compass Pathways reported Q3 2025 financial results and signaled a faster path to market for its lead psilocybin-based therapy in treatment-resistant depression (TRD). The biotechnology firm now targets commercialization readiness ...
Missouri Trade Group Report Finds 96% of Tested Hemp Products Exceed THC Thresholds
KANSAS CITY – A new investigation by the Missouri Cannabis Trade Association (MoCannTrade) has concluded that nearly all hemp-derived products sold at unregulated retailers in the state contain illegal levels of THC, raising questions about ...
New Mexico Cannabis Market Edges Toward $2B in Total Sales
ALBUQUERQUE – New Mexico's Cannabis industry has recorded $1.9 billion in combined medical and adult-use sales since recreational legalization took effect in April 2022, according to the latest figures from the state’s Regulation and Licensing ...
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 ...
AbbVie Reveals $900M Upfront Payment in Psychedelic Deal, Signaling Strong Bet on Bretisilocin
CHICAGO – AbbVie Inc. disclosed in a recent securities filing that it handed over $900 million in cash at the outset of its acquisition of bretisilocin, the experimental psychedelic compound acquired from Gilgamesh Pharmaceuticals aimed ...
Rubicon Organics Secures $4M Financing for Facility Upgrades
VANCOUVER, BC – Rubicon Organics Inc. closed a $4 million credit package with Community Savings Credit Union to finance upgrades at its production sites. The deal breaks down into a $3 million term loan carrying ...
The Intoxicating Hemp Ban Is About to Become Law — and It’s a Pyrrhic Victory for Cannabis
LOS ANGELES- The federal government just erased a $20-billion industry under the guise of “closing a loophole.” But rather than protecting consumers, Washington has dealt a crippling blow to both hemp and legal Cannabis — ...
SNDL Reports Q1 2025 Earnings
LOS ANGELES- SNDL Inc. announced its financial and operational results for the first quarter ended March 31, 2025. The company reported net revenue of CAD $204.9 million, a 3.6% increase compared to the same period ...
Cybin CEO to Discuss Medical Innovation at Milken Institute Global Conference
LOS ANGELES- Cybin Inc. a neuropsychiatry company, announced that its Chief Executive Officer, Doug Drysdale, will participate in a panel discussion at the 28th Annual Milken Institute Global Conference. The panel, titled "The Global Landscape ...
Regulatory Advances Propel Global Medical Cannabis Market Growth
LOS ANGELES- The global medical cannabis market is experiencing significant growth, driven by regulatory reforms and increased acceptance of cannabis-based therapies. According to the "Medical Marijuana - Global Strategic Business Report 2025," the market was ...
Federal Inaction on Cannabis Exports May Cost U.S. Economy $10 Billion Annually
LOS ANGELES- The United States' federal stance on cannabis exports is potentially costing the economy up to $10 billion each year, according to industry analyses. While domestic cannabis sales are projected to reach $35.3 billion ...
LEEF Brands Reports Financial Results
LOS ANGELES- LEEF Brands Inc. a vertically integrated cannabis company based in California, has released its financial results for the first quarter of 2025 and the full year of 2024. The company reported a 19% ...
California Lawmakers Advance Bill to Halt Cannabis Excise Tax Increase
LOS ANGELES- California's legal cannabis industry is confronting a potential tax increase that stakeholders warn could exacerbate existing challenges. Assembly Bill 564 (AB 564), introduced by Assemblymember Matt Haney (D-San Francisco), seeks to prevent the ...
Glass House Brands Schedules Q1 2025 Earnings Call for May 13
LOS ANGELES- Glass House Brands Inc. a vertically integrated cannabis company focused on the California market, announced it will release its financial results for the first quarter of 2025 on Tuesday, May 13, after market ...
Nebraska Attorney General Challenges Voter-Approved Medical Cannabis Law
LOS ANGELES- Nebraska Attorney General Mike Hilgers continues to contest the implementation of the state's voter-approved medical cannabis law, citing concerns over the legality of the ballot initiatives and the regulatory framework established by the ...
Missouri Evaluates Cannabis Market Health
LOS ANGELES- The state of Missouri has initiated a comprehensive evaluation of its cannabis industry, commissioning a study to assess market health and inform decisions on the potential issuance of additional cannabis facility licenses. In ...
Seth Yatakan Announced as Keynote Speaker for LinkedLive CannabizCon
FOR IMMEDIATE RELEASE May 1, 2025 Cannabis Powerbroker Seth Yakatan to Deliver Keynote Address at Highly Capitalized Network’s Groundbreaking Virtual Business Summit, LinkedIn Live HCN CannabizCon LOS ANGELES, CA – Highly Capitalized Network (HCN) is ...
UK Reports 90% Reduction in Mail-Order Cannabis Imports from Thailand
LOS ANGELES- The United Kingdom has reported a 90% decrease in cannabis shipments arriving by mail from Thailand during the first quarter of 2025. This significant decline follows enhanced cooperation between UK and Thai authorities ...
Cannabis Council of Canada Urges Policy Reforms Following Carney’s Election Victory
LOS ANGELES- The Cannabis Council of Canada has extended congratulations to Prime Minister Mark Carney on his recent election victory, while simultaneously calling for immediate policy reforms to support the nation's legal cannabis industry. ...
Former Metrc Executive Alleges Company Enabled Illegal Cannabis Sales in Whistleblower Suit
LOS ANGELES- A former senior executive at Metrc, the leading cannabis compliance tracking company in the U.S., has filed a federal whistleblower lawsuit accusing the firm of turning a blind eye to unlawful activity, including ...
Beer Gets Burned, Hemp Drinks Heat Up
New insights from Whitney Economics show hemp beverages could win big as tariffs slam the beer industry The team at Whitney Economics just dropped their latest cannabis and hemp market forecast—and it’s a must-read for ...
Cannabis Prices Decline in New York Amid Market Expansion
LOS ANGELES- The legal cannabis market in New York is experiencing a notable decrease in product prices, coinciding with rapid industry growth and increased consumer access. Price Reductions Across Product Categories Recent data indicates a ...
Psilocybin Use Rises Amid Shifting Public Perception and Regulatory Changes
LOS ANGELES- Recent studies indicate a significant increase in psilocybin use across the United States, correlating with evolving public attitudes and regulatory developments. Data from the University of Colorado Anschutz Medical Campus and Rocky Mountain ...
$10M Medicaid Settlement Raises Alarms Over Political Spending Tied to DeSantis’ Anti-Cannabis Push
LOS ANGELES- Florida’s medical settlement funds are under scrutiny after a $10 million payment intended for charitable use was channeled to two organizations that later fueled a high-dollar campaign against adult-use cannabis in the state. ...
Village Farms International Granted 180-Day Extension to Meet NASDAQ
LOS ANGELES- Village Farms International Inc.has received a 180-day extension from The Nasdaq Stock Market LLC to regain compliance with the exchange's minimum bid price requirement. This extension follows the expiration of the initial compliance ...
Bipartisan Legislation Proposes Framework for Federal Cannabis Legalization
LOS ANGELES- In a significant move towards federal cannabis reform, a bipartisan group of U.S. lawmakers has reintroduced the Preparing Regulators Effectively for a Post-Prohibition Adult-Use Regulated Environment (PREPARE) Act. The legislation aims to establish ...
Greewave Advisors Analysis: Cannabis Companies & Cash Flow – Size Matters
Over the past 6 years (2019-2024), the Tier 1 Multistate Operators (MSOs) have generated $2.3B in Cash Flow from Operations (CFO); Assuming all unpaid 280E related tax liabilities are satisfied this amount is $1.3 Billion. ...
New Mexico Takes a Landmark Step Toward Legal Psychedelic Therapy
LOS ANGELES- New Mexico just made history—again. Governor Michelle Lujan Grisham has officially signed the Medical Psilocybin Act into law, positioning New Mexico as the third U.S. state to legalize psilocybin for therapeutic use. But ...
4/20 Cannabis Price Wars: How a Cultural Milestone Became a Cautionary Tale
LOS ANGELES- Once a day to honor cannabis culture, April 20th—aka 4/20—has increasingly become a flashpoint in the cannabis industry’s struggle for survival. What began as a grassroots celebration has devolved, in many markets, into ...
Montana Legislature Approves Bill to Tighten Cannabis Product Regulations
LOS ANGELES— The Montana Legislature has passed House Bill 636, introducing new restrictions on cannabis products. The Senate approved the bill with a 37–12 vote, following the House's 84–15 approval last month. House Bill ...
Kansas Governor Renews Call for Medical Cannabis Legalization
LOS ANGELES- Governor Laura Kelly has reiterated her support for legalizing medical cannabis in Kansas, urging lawmakers to advance legislation that would establish a regulated program for patients with qualifying medical conditions. Despite previous efforts, ...
Consolidation, Capital, and the Climb: Tracking U.S. Cannabis M&A and Investment Trends
NEW YORK –The U.S. cannabis industry has experienced major shifts in merger and acquisition (M&A) activity over the past year, reflecting broader trends of consolidation and strategic realignment. According to Viridian Capital Advisors, the Cultivation ...
