Consumer Research
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – Investors and operators tuned in closely over ...
Pennsylvania Senators Introduce Bipartisan Bill to Legalize Recreational Cannabis
LOS ANGELES- Pennsylvania lawmakers today announced the introduction of two ...
DaySavers Introduces ‘Higher Potential’ Scholarship with Over $25,000 in Cannabis Education Awards
LOS ANGELES- DaySavers, the pre‑roll accessories brand under Custom Cones ...
Colombian President Renews Call for Cannabis Legalization
LOS ANGELES-Colombian President Gustavo Petro has called on Congress to legalize cannabis cultivation as part of an effort to reduce the violence associated with drug trafficking in the country. Petro argues that the prohibition of ...
Nebraska Lawmakers Deliberate Implementation of Voter-Approved Medical Cannabis Measures
LOS ANGELES- Following the November 2024 approval of Initiatives 437 and 438, which legalized medical cannabis in Nebraska, state legislators are now working to establish a regulatory framework to implement these measures. The approved initiatives ...
Denver Moves Toward Licensing Psychedelic Wellness Centers and Social Clubs
LOS ANGELES- Denver's Department of Excise and Licenses has proposed regulations to oversee psilocybin-based wellness facilities, including yoga studios and social clubs, following Colorado's 2022 voter-approved measure legalizing natural medicines like psilocybin. The proposed regulations ...
Psychedelic Drugs Market Poised for Growth: From $0.7B in 2022 to $2.6B by 2032
The global psychedelic drugs market is projected to expand from $0.7 billion in 2022 to $2.6 billion by 2032, reflecting a compound annual growth rate (CAGR) of 13.4%.According to Allied Market Research This growth is ...
Oklahoma to Launch State-Run Cannabis Testing Lab for Industry Oversight by February 2025
LOS ANGELES- Oklahoma is preparing to launch a state-operated cannabis testing laboratory in February 2025, aiming to enhance the accuracy and reliability of product assessments within the state's medical cannabis industry. This initiative addresses longstanding ...
Climate First Bank Introduces Cannabis-Focused Financial Services in Florida
LOS ANGELES- Climate First Bank, headquartered in Orlando, Florida, has introduced specialized banking services tailored for the cannabis industry. This initiative aims to address the financial challenges faced by cannabis businesses, particularly in accessing traditional ...
Florida’s Cannabis Legalization Measure Fails Despite Majority Support
LOS ANGELES- In the recent election, Florida's Amendment 3, which proposed the legalization of recreational cannabis for adults aged 21 and over, received 56% voter support. However, it fell short of the 60% supermajority required ...
Cannabis Edibles and Emergency Department Visits
LOS ANGELES- The consumption of cannabis edibles has been linked to a notable increase in emergency department (ED) visits, particularly among younger populations. Unlike inhaled cannabis, edibles have a delayed onset of effects, often leading ...
Canopy Growth Initiates $200 Million At-The-Market Equity Program
LOS ANGELES- Canopy Growth Corporation has established a new at-the-market (ATM) equity program, enabling the company to issue and sell up to $200 million in common shares across U.S. and Canadian markets. The company intends ...
GTI Q4 2024: Strong Leadership, But Can It Sustain Momentum?
NEW YORK–Green Thumb Industries (GTI) has once again demonstrated why it remains a leader in the U.S. cannabis industry. With a steady growth trajectory and disciplined financial management, the company continues to post strong results ...
U.S. National Institutes Of Health Leader Stands Behind Psychedelic Medicines and Cannabis Therapies
WASHINGTON, D.C.–The National Institutes of Health (NIH), is the leading health organization in the U.S.A., Dr. Francis Collins, (who Dr. Anthony Fauci works for) praised the potential of psychedelic research during a U.S. Senate budget ...
High Tide Begins Trading on Nasdaq Today Under Symbol “HITI”
CALGARY, AB–High Tide Inc. (TSXV: HITI) (NASDAQ: HITI) (FRA: 2LYA), a retail-focused cannabis corporation enhanced by the manufacturing and distribution of consumption accessories, is pleased to announce that the Company's common shares will commence trading ...
Fiore Cannabis Announces First Quarter 2021 Financial Results
KELOWNA–Fiore Cannabis Ltd. (CSE: FIOR) (OTCQX: FIORF), a licensed multi-state cannabis cultivator, producer and retailer, today announced its first quarter 2021 financial results support the turnaround efforts made by the Company and its push forward ...
Harborside Announces Acquisition of Salinas Production Campus
OAKLAND–Harborside Inc. (CSE: HBOR),(OTCQX: HBORF) a California-focused, vertically integrated cannabis enterprise, today provided an update on its previously announced plan to purchase the Company's 47-acre production campus, which includes 200,000 sq. ft. of licensed cultivation ...
Nova Provides Business and Plans Updates
EDMONTON, AB–Nova Cannabis Inc. (TSXV: NOVC), today announced several business developments intended to accelerate the Company's growth, including: Entering into two conditional asset purchase agreements to acquire a total of six retail cannabis locations in Ontario, which ...
Global Cannabidiol (CBD) Market Size Expected to Reach $55 Billion In 2028
PALM BEACH– Out of all cannabinoids, cannabidiol is most widely used for therapeutic reasons due to the lack of psychoactive effects. In many medical applications, cannabidiol oil is used, such as anxiety and depression treatment, ...
MariMed Names Howard Schacter as Chief Communications Officer
NORWOOD, Mass.,–MariMed, Inc. (OTCQX: MRMD), a multi-state cannabis operator focused on health and wellness, today announced Howard Schacter has been appointed as the Company's Chief Communications Officer and a member of the MariMed Executive Management ...
Charlotte’s Web And University Colorado Collaborating On Sleep & Anxiety Studies
BOULDER–(TSX: CWEB) (OTCQX: CWBHF) Charlotte's Web Holdings, Inc., a marketer of hemp CBD wellness products announced the collaboration of its CW Labs division on a preclinical sleep and anxiety study with the University of Colorado-Boulder's ...
GRAV Launches GRAV Reserve Pre-Filled Glass Joints in California
LOS ANGELES–GRAV, the leader in handcrafted glass cannabis smoking accessories, has introduced its first GRAV Reserve glass joint line in California. The company teamed up with premium cannabis cultivators in Southern California to fill GRAV glass with the ...
Cansortium Reports First Quarter 2021 Financial Results
MIAMI–Cansortium Inc. (CSE: TIUM.U) (OTCQB: CNTMF), a vertically-integrated cannabis company operating under the Fluent™ brand, announced financial results for the first quarter ended March 31, 2021, as well as recent operational highlights. Unless otherwise indicated, ...
48North Cannabis Corp. Announces Q3 Results
TORONTO–48North Cannabis Corp. (TSXV: NRTH), a brand-led, vertically integrated Licensed Producer focused on manufacturing a portfolio of cannabis products available across the country, has released its financial and operating results for the third quarter ended ...
PharmaCielo Announces Financial Results for the First Quarter Ended March 31, 2021
TORONTO–PharmaCielo Ltd. (TSXV: PCLO), (OTCQX: PCLOF), the Canadian parent of Colombia's premier cultivator and producer of medicinal-grade cannabis extracts, PharmaCielo Colombia Holdings S.A.S., today announced financial results for the first quarter ended March 31, 2021. Management Commentary "Our results ...
Kiaro Enters Ontario, US & Australia Via Strategic Acquisition of Cozy Cannabis
VANCOUVER, BC– Kiaro Holdings Corp. (TSXV: KO), a cannabis retailer and wholesale distributor, announced that the Company has entered into a definitive agreement to acquire all issued and outstanding shares of Sculthorp SEO Inc., which currently ...
Inner Spirit Holdings Announces First Quarter 2021 Financial Results
CALGARY, AB–Inner Spirit Holdings Ltd. (CSE: ISH) (OTCQB: INSHF), a Canadian company that has established a national network of Spiritleaf retail cannabis stores, today announced it has filed its consolidated financial statements for the quarter ...
Harborside Inc. Reports First Quarter 2021 Financial Results
OAKLAND–Harborside Inc. (CSE: HBOR) (OTCQX: HBORF), a California-focused, vertically integrated cannabis enterprise, today reported its financial results for the first quarter ending March 31, 2021. Management Commentary "Our Q1 results reflect the strength of our ...
Schwazze Acquires Southern Colorado Growers
DENVER–Schwazze, (OTCQX: SHWZ) announced signed definitive documents to acquire the assets of Southern Colorado Growers ("SCG") in Huerfano County, Colorado. The proposed transaction includes 34 acres of land with outdoor cultivation capacity, as well as indoor, greenhouse, and ...
Canopy Growth Reports Fourth Quarter and Fiscal Year 2021 Financial Results
SMITHS FALLS, ON,–Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) today announced its financial results for the fourth quarter and Fiscal Year 2021 ended March 31, 2021. All financial information is reported in Canadian dollars, unless ...
UK’s First Educational Cannabis Advertising Campaign
LONDON–For the first time ever, the Advertising Standards Authority (ASA) & Committees of Advertising Practice (CAP) has approved an educational cannabis message to be advertised in the public domain - a big step forward for ...
Elegance Brands Launches Self-Distribution Company In Southern California
LOS ANGELES–Elegance Brands, Inc, a beverage company with a focus on innovation, announced today the launch of its own self-distribution company – aptly named "Elegance Distribution Company" – to distribute Elegance Brands products throughout Los ...
Next Green Wave Releases Q1 2021 Results and Launches New Product
VANCOUVER, B.C.–Next Green Wave Holdings Inc. (CSE: NGW) (OTCQX: NXGWF), a premium seed-to-shelf craft cannabis producer, announces the following operational and financial updates: Product Launch Last week, the Company made its first sale of its brand ...
Heritage to Acquire Bloom Brands Of California
TORONTO–Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF), is pleased to announce that it has entered into a non-binding letter of intent to purchase all of the issued and outstanding common shares of California based ...
Simpson Foundation Announces Successful Product Launch of Rick Simpson Oil (RSO)
SAN FRANCISCO–Simpson Foundation, Inc, which operates, and partners with university research centers across the United States, is pleased to announce their lab tested, A-grade formula of Rick Simpson Oil (RSO). Famously favored California Rick Simpson ...
GrowGeneration Launches E-Commerce Platform, Introduces Buy Online, Pick Up in Store
DENVER–GrowGeneration Corp. (NASDAQ: GRWG), a chain of specialty hydroponic and organic garden centers, today announced the launch of GrowGeneration.com. The company's newly redesigned e-commerce platform now includes the option to Buy Online Pickup in Store. ...
Native Roots Launches Clean Stock Program in Colorado With Front Range Biosciences
BOULDER–Front Range Biosciences, a cannabis and hemp genetics platform company, announced today plans to begin a partnership with Colorado's leading medical and adult use cannabis operator, Native Roots Cannabis Co. Under the agreement, Native Roots ...
Choom Announces Q3 2021 Results
VANCOUVER, B.C.– Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF), a fast-expanding Canadian retail cannabis Company is pleased to report its financial and operating results for Q3 2021, ending March 31, 2021. Q3 Financial Highlights: Q3 2021 Revenue ...
