Consumer Research
From Cherokee to California: The New Bipartisan Crackdown on ‘Kid-Friendly’ Cannabis Marketing
LOS ANGELES- The California Department of Cannabis Control (DCC) issued ...
Week In Review: Cross-currents in Cannabis and Psychedelics: Legal Momentum, Market Shakeups, and Policy Flashpoints Define the Week
LOS ANGELES — Welcome to the far too-exciting world of ...
Rep. Salud Carbajal Responds to DHS Claims After ICE Raid at Cannabis Farm
LOS ANGELES- U.S. Representative Salud Carbajal (D‑CA‑24) is facing criticism ...
Andy Kovtun Joins Highly Capitalized Network-HCN to Drive Engaging Content Creation
FOR IMMEDIATE RELEASE LOS ANGELES – Highly Capitalized Network-HCN, a leading source of financial news and market insights for the cannabis and psychedelics industries, proudly welcomes Andy Kovtun to its team. With a strong background ...
Canopy Growth’s Stock Declines Amid Share Sale Plans
LOS ANGELES- Canopy Growth Corporation's stock declined by 9% to a historic low of $1.26 per share following the company's announcement to issue up to $200 million in new shares. This move aims to bolster ...
Massachusetts Cannabis Sales Surpass $8 Billion
LOS ANGELES- Massachusetts' legal cannabis industry has achieved significant milestones since the commencement of adult-use sales in November 2018. As of December 2024, adult-use marijuana establishments have reported cumulative gross sales exceeding $7 billion. When ...
Global Developments in Cannabis Legalization in 2023
LOS ANGELES- In 2023, several countries made significant strides in cannabis legalization, reflecting a global shift in drug policy. Germany's Legislative Progress Germany advanced toward legalizing cannabis for adult use, aiming to become the European ...
RIV Capital’s Revenue Doubles Amid New York Cannabis Market Expansion
LOS ANGELES- RIV Capital Inc. reported a significant increase in net revenue for the third quarter ending September 30, 2024, achieving $4.9 million—a 28% rise from the previous quarter and a 186% surge compared to ...
Cannabis Industry Faces Rising Threat of Ransomware Attacks
LOS ANGELES- The cannabis industry is increasingly becoming a target for ransomware attacks, with the Everest Ransomware group recently focusing on this sector. In November 2024, two cannabis operators were listed as victims on Everest's ...
Michigan Transfers Hemp Regulation to USDA
LOS ANGELES- Michigan has concluded its state-managed industrial hemp program, transitioning regulatory oversight to the U.S. Department of Agriculture (USDA) effective January 1, 2025. This shift, prompted by the enactment of House Bill 5977, dissolves ...
Trump’s Tariffs & Social Program Cuts: Potential Impacts On The Cannabis Industry
NEW YORK--Economic policies don’t just shape government budgets; they create ripple effects across industries, shifting market dynamics, consumer behavior, and business strategies. As the cannabis industry continues to grow and normalize, policies under President Trump ...
The Unregulated Illicit Cannabis Market Is Booming in California
LOS ANGELES-In 2024, California's legal cannabis production experienced an 11.8% increase, reaching 1.4 million pounds, according to a study commissioned by the state's Department of Cannabis Control (DCC). Despite this growth, the illicit cannabis market ...
Glass House Brands Secures $50 Million Senior Secured Loan
LOS ANGELES- Glass House Brands Inc., a vertically integrated cannabis company, has secured a new $50 million senior secured loan maturing on January 31, 2030. This facility replaces the previous loan set to mature in ...
As the First Cannabis-Centered Video Sharing Social Network, SmokeSesh.Life Looks Towards Official Launch
DENVER–Created nearly one year ago by Travis "TJ" Owens, SmokeSesh.Life is finalizing plans to officially come to market as the first cannabis-focused social media site of its kind. With hundreds of users already signed up, ...
Creo Announces Collaborations With Fifth & Root And Joiya Bringing Innovative CBG Skincare Products to Market
SAN DIEGO–Creo, an ingredient technology company with a proprietary platform for producing natural cannabinoids without the cannabis plant, today announced collaborations with both Fifth & Root and Joiya to introduce new CBG skincare products using Creo CBG. The company has ...
PharmaCielo Welcomes Bill Petron as Chairman of the Board
TORONTO– PharmaCielo Ltd. (TSXV: PCLO) (OTCQX: PCLOF), the Canadian parent of a Colombian cultivator and producer of medicinal-grade cannabis extracts, PharmaCielo Colombia Holdings S.A.S., today announced that all of the nominees listed in the Management ...
Trulieve Completes Acquisition of Solevo Wellness West Virginia
TALLAHASSEE– Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF), a leading cannabis company in the United States, today announced the closing of the acquisition of Solevo Wellness West Virginia LLC and its three West Virginia dispensary ...
California Cannabis Distributor Nabis Increases Capacity With New SoCal Fulfillment Center
LOS ANGELES– Nabis, California's largest licensed cannabis distributor, announced today the opening of their new Southern California fulfillment center and new partnerships with a number of market leading brands. The 20,000 square-foot facility in Los Angeles allows Nabis to store three ...
Fiore Cannabis to Acquire California Cannabis Delivery Firm in $1.2 Million Transaction
KELOWNA–Fiore Cannabis Ltd. (CSE: FIOR) (OTCQX: FIORF), a licensed multi-state cannabis cultivator, producer and retailer, today announced it has signed a Letter of Intent to purchase California Patients Club, a cannabis delivery company operating in ...
Cannabis Testing Market to Reach $2.44 BN Globally By 2027 at 12% CAGR
PORTLAND–Allied Market Research published a report, titled, "Cannabis Testing Market by Product (Instruments, Consumables, and Software), Test Type (Heavy Metal Testing, Microbial Analysis, Potency Testing, Residual Screening, and Others), and End User (Cannabis Cultivators/Growers, Cannabis Drug Manufacturers, ...
Cirona Labs Raises $1.5M In Seed Round
GENEVA, N.Y.– Cirona Labs a premier innovator in cannabinoids and other functional botanical ingredient manufacturing, announced it has closed an oversubscribed $1.5 million seed round led by LiDestri Food & Drink, BevSource, and Sweetener Supply. ...
Klonetics Plant Science Inc. Receives Nursery Cultivation License from Health Canada
KELOWNA, B.C.– Klonetics Plant Science Inc announced they received its Health Canada Nursery Cultivation licence to produce cannabis starting materials available for sale to the cannabis industry in Canada. Its impressive 25,000 Square Foot state ...
Curaleaf’s Select Brand And Rolling Stone Announce Strategic Partnership
NEW YORK–(CSE: CURA) (OTCQX: CURLF), a leading international provider of consumer products in cannabis, announced a strategic partnership between its Select brand and Rolling Stone. Together, the leading lifestyle brand in cannabis joins the most ...
HERBL Acquires Blackbird Creating New Multi-State Distributor
SANTA BARBARA– HERBL, California's largest cannabis supply chain solutions company, today announced its acquisition of Blackbird a cannabis distributor and direct-to-consumer software solutions company based in Nevada. The transaction allows HERBL to leverage Blackbird's ecosystem of ...
Connecticut Moves Closer To Legalizing Recreational Cannabis
HARTFORD, CT.– Connecticut has moved closer to legalising adult-use cannabis in a close run vote. This morning, the bill passed Connecticut's state Senate, with one Republican and six Democrats voting against it. If the bill passes, ...
CENTR Brands Corp. Hires Carlyle Group Executive David Young as CFO
VANCOUVER, B.C.– CENTR Brands Corp. (CSE: CNTR) (FSE: 303) (OTCQB: CNTRF), a CBD beverage company today announced that current Board member David Young has joined the Company as Chief Financial Officer. Young brings more than ...
Pharmadrug Launches Psilocybin Online Retail Platform in the Netherlands
Toronto, Ontario–PharmaDrug Inc. (CSE: BUZZ) (OTC Pink: LMLLF) a specialty pharmaceutical company focused on the research, development and commercialization of controlled-substances and natural medicines such as psychedelics, cannabis and naturally-derived approved drugs, is pleased to ...
California Inches Closer To Decriminalization of Psychedelic Medicines
SACRAMENTO–California has moved a step closer to decriminalizing psychedelic drugs after legislation this week was advanced by the state's Senate. The bill, SB 519 was passed by a 21-16 vote. Interestingly, the new legislation does ...
The Parent Company Announces Josephine & Billie’s As First Social Equity Investment
SAN JOSE–TPCO Holding Co. (NEO: GRAM.U) (OTCQX: GRAMF), California’s leading vertically integrated cannabis company, is pleased to announce that it has selected Josephine & Billie’s, a Los Angeles-based cannabis brand and retail concept, as the ...
VIVO Cannabis Launches CBD Cream WithTerpene Formulation Designed for Medical Use
TORONTO–VIVO Cannabis Inc. (TSX: VIVO) (OTCQX: VVCIF), a provider of cannabis products and services and holder of licenses under the Cannabis Act through its wholly-owned subsidiaries, Canna Farms Limited and ABcann Medicinals Inc., today announced the launch ...
Goodleaf Merges With Highlands Investments, Formerly Canopy Growth Africa
CAPE TOWN–Goodleaf Company, the leading cannabis brand in South Africa, has merged with Highlands Investments, formerly Canopy Growth Africa, in a deal valued at almost $50 million. The transaction has resulted in the largest vertically ...
RIV Capital Reports Fourth Quarter and Fiscal Year 2021 Financial Results
TORONTO–RIV Capital Inc. (TSX: RIV) (OTC: CNPOF) today released its financial results for the fourth quarter and fiscal year ended March 31, 2021. "Our quarter and fiscal year were highlighted by the closing of our ...
Neptune Announces Appointment of Steve West as Vice President, Investor Relations
LAVAL, QC–Neptune Wellness Solutions Inc. (NASDAQ: NEPT) (TSX: NEPT), a diversified and integrated health and wellness company focused on plant-based, sustainable, and purpose-driven lifestyle brands, today announced it has appointed Steve West as Vice President, ...
Canadian Federal Funding Provides Boost To Saskatchewan Companies
SASKATOON–Small- and medium-sized enterprises contribute to the growth of Western Canada's economy. The Government of Canada is supporting high-growth businesses as they increase productivity, find new markets, and create opportunities for Saskatchewan. Today, the Honourable ...
Delivery Service Market is One of the Hottest Revenue Streams In Cannabis Industry
PALM BEACH–Over the past few years the legalization of cannabis has spurred the industry's growth in both medicinal and recreational markets and the growth appears that it will continue to substantially rise in the years ...
The Valens Company Enters Flower, Pre-Roll Categories
KELOWNA, BC–The Valens Company (TSX: VLNS) (OTCQX: VLNCF), a manufacturer of cannabis products, today announced that it has launched several new products in partnership with Verse Cannabis in the flower, pre-roll, concentrates, and edibles categories. With ...
Nevada Approves Cannabis Consumption Lounges Starting by the End of 2021
LAS VEGAS– The Nevada legislature passed a bill on Monday allowing cannabis lounges. One kind of licence allows an existing dispensary to add a space for a lounge. Strangely, only one lounge is allowed no ...
Amazon Will Stop Testing For Cannabis & Throws Weight Behind Cannabis Legalization
SEATTLE– Amazon released a statement confirming that it will no longer test job seekers for cannabis. Furthermore, the company said that they back cannabis legalization. "In the past, like many employers, we've disqualified people from ...
