Consumer Research
Virginia Medical Cannabis Generated Over $15M in January
RICHMOND – Virginia's medical Cannabis market reaped $15.1 million in ...
Abandoned Fighter Jet Test Site Under Review for Cannabis Cultivation Facility
NEW YORK – A long-vacant former Grumman Aerospace complex in ...
Bioxyne Lands Initial Orders for GMP-Compliant Psilocybin Capsules
SYDNEY – Bioxyne Limited, an Australian life sciences and wellness ...
UCLA Partners with Terpene Belt Farms to Research Cannabis Flavors
LOS ANGELES – Terpene Belt Farms, a subsidiary of Nexus Agriscience, has been selected as the industry partner in a University of California-led research funded by a $1.23 million grant from the California Department of ...
Virgin Islands Sets Fall 2026 Target for Legal Cannabis Retail Launch
CHARLOTTE AMALIE – The U.S. Virgin Islands Office of Cannabis Regulation has accelerated its timeline for the start of licensed Cannabis sales, with executive director Joanne Moorhead stating that regulated retail operations are now expected ...
Florida Cannabis Legalization Initiative Fails to Qualify for 2026 Ballot
LOS ANGELES – Florida Secretary of State Cord Byrd announced that the Smart & Safe Florida campaign failed to submit the required number of valid signatures to qualify its proposed constitutional amendment for the ballot. ...
Aurora Cannabis Secures EU-Wide Rights for Two Proprietary Strains
EDMONTON – Aurora Cannabis Inc. has won rights from the European Community Plant Variety Office (CPVO) for two homegrown strains, Farm Gas and Sourdough. The decision hands the company sole authority to produce and distribute ...
New Jersey Clears Path for $6M Psilocybin Pilot
TRENTON – The New Jersey Legislature gave final approval last week to a measure that sets up a state-backed pilot program for psilocybin therapy, allocating $6 million to explore the compound's role in treating mental ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – Operators entered 2026 riding a wave of solid year-end performance and calculated moves to shore up operations. December sales figures underscored consumer demand that shows no signs of fading, while MSOs refined ...
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 ...
Viridian Forecasts Accelerated M&A in Cannabis This Year
LOS ANGELES – Viridian Capital Advisors, a New York-based firm specializing in Cannabis finance and advisory services, has released its Key Insights for the U.S. Cannabis sector in 2026. The firm's analysts forecast a pickup ...
Trulieve Raises $60M in Senior Secured Notes
TALLAHASSEE – Trulieve Cannabis Corp. announced the completion of the second tranche of its private placement of 10.5% senior secured notes due in 2030, generating $60 million in principal. The closing follows the initial issuance ...
Canix Acquires Trym, Fits into Larger Consolidation Pattern in Cannabis
LOS ANGELES – San Francisco-based Canix, a provider of enterprise resource planning (ERP) software for Cannabis businesses, has acquired Trym, a specialized cultivation management platform. The deal combines Canix's comprehensive ERP system [which handles cultivation ...
Ohio’s Cannabis Revenue Trends Offer Strategic Guide for Pennsylvania
LOS ANGELES- As Pennsylvania moves closer to legalizing adult-use cannabis, Ohio’s first-year revenue data and regulatory experiences offer critical insights. Since launching sales in August 2024, Ohio has generated approximately $540 million in cannabis revenue ...
Rose Hill Apothecary Completes First Research-Grade Psilocybin Export to Brazil
LOS ANGELES- Rose Hill Apothecary, the research-grade psilocybin arm of Rose Hill Life Sciences, has executed its inaugural international export deal, shipping 18 kilograms of dried psilocybin-containing mushrooms to Biocase Brasil Importação e Comércio de ...
Emerging Programs Aim to Democratize Cannabis Cultivation
LOS ANGELES- Governments, industry groups, and educational institutions are launching a wave of initiatives aimed at lowering barriers to entry in cannabis cultivation and production—efforts collectively referred to as “democratizing cannabis production.” These programs focus ...
Planet 13 Reports Shareholder Decisions at Annual Meeting
LOS ANGELES- Planet 13 Holdings Inc. multi-state cannabis company headquartered in Las Vegas, disclosed the results of its Annual General Meeting (AGM) held on June 10, 2025. The meeting addressed key matters related to corporate ...
German Court Rules Prison Cells Qualify for Cannabis Possession Rules
LOS ANGELES- A Berlin appellate court (Kammergericht) has ruled that prisoners are legally permitted to possess up to 50 grams of cannabis in their cells for personal use, classifying prison quarters as the inmates’ “habitual residence.” ...
Hawaii Governor Vetoes Medical Cannabis Expansion Bill Over Privacy Concerns
LOS ANGELES– Hawaii Governor Josh Green has vetoed House Bill 302 (HB 302), a measure aimed at expanding the state’s medical cannabis program, due to concerns over patient privacy provisions, his office confirmed on June 9, ...
New Zealand Delegation Led by Zoë Reece Targets Multibillion‑Dollar European Medicinal Cannabis Market
LOS ANGELES- New Zealand trade delegation, including key export company Ora Pharm, is advancing into Europe’s growing medicinal cannabis market. CEO Zoë Reece is spearheading the mission, aiming to build clinical and commercial partnerships for cannabinoid-derived therapies ...
North Carolina Governor Proposes Cannabis Legalization to Curb Unregulated Hemp Market
LOS ANGELES- North Carolina Governor Josh Stein (D) has urged legalization and regulation of adult-use cannabis to address growing public health concerns surrounding the state’s unregulated hemp-derived THC market. In a video posted on X, ...
Michigan Dispensary Agrees to $205K Settlement Over Withheld Tip Dispute
LOS ANGELES- A Michigan-based cannabis dispensary chain, Timber Cannabis, has agreed to pay $205,000 to resolve a lawsuit filed by employees claiming management withheld customer tips. While the company did not admit to any wrongdoing, ...
GOP Panel Requests Review of Cannabis Rescheduling by Biden Administration
LOS ANGELES- A Republican-led congressional subcommittee is urging a formal investigation into the Biden administration’s handling of the federal cannabis rescheduling process. The request, made in a report accompanying the fiscal year 2026 funding bill ...
U.S. Whiskey Consumption Slows as Cannabis and Wellness Trends Gain Traction
LOS ANGELES- Brown‑Forman Corp., producer of Jack Daniel’s Tennessee Whiskey, cites three primary factors contributing to reduced whiskey consumption in the U.S.: increasing cannabis use, the popularity of GLP‑1 weight‑loss medications, and softer demand among ...
Trump Administration Supports Psychedelic Research in Mental‑Health Efforts
LOS ANGELES- The Trump administration is showing growing support for research into psychedelics such as MDMA, psilocybin, and ibogaine as potential treatments for mental health conditions. Led by Health and Human Services (HHS) Secretary Robert ...
ProStar SEO Identifies Key Google Ranking Factors for Cannabis Businesses
LOS ANGELES- ProStar SEO, a Canadian firm specializing in search engine optimization, has released new insights identifying the most influential Google ranking factors specific to cannabis industry websites. The report, based on a large-scale analysis ...
Michigan Cannabis Retailer to Pay $205K in Settlement Over Workers’ Lost Tips
LOS ANGELES— Federal Judge Matthew Leitman has approved a $205,000 settlement in a lawsuit filed by employees of Timber Cannabis, a seven-location cannabis dispensary chain in Michigan. The lawsuit alleged that management appropriated tips left ...
Malaysia Weighs Cannabis Vaporizer Manufacturing for Export
LOS ANGELES— Malaysia’s Cabinet is set to decide whether to permit the manufacturing of cannabis vaporizer hardware for export, as Health Minister Datuk Seri Dr. Dzulkefly Ahmad confirmed following a multi-agency review. The proposal centers ...
North Carolina Governor Establishes Cannabis Advisory Council Amid Unregulated THC Market
LOS ANGELES- North Carolina Governor Josh Stein has issued an executive order forming a 24–30 member North Carolina Advisory Council on Cannabis to develop policy recommendations aimed at regulating cannabis products and formalizing legalization strategies, ...
Cannabis Stocks Decline as Federal Reform Stalls in U.S
LOS ANGELES- U.S. cannabis stocks have declined sharply as investor enthusiasm dampens amid continued delays in federal reform. The AdvisorShares Pure US Cannabis ETF dropped around 48% in 2024, with company shares like Curaleaf, Verano, ...
AYR Wellness Secures Temporary Waiver in Financing Deal
LOS ANGELES- AYR Wellness Inc. a vertically integrated U.S. multi-state cannabis operator, has entered into a Limited Waiver Agreement with holders of a majority of its senior secured notes . Under this agreement, noteholders temporarily agree ...
Minnesota Awards 249 Cannabis Business Licenses in State’s First Lottery
LOS ANGELES- Minnesota’s Office of Cannabis Management (OCM) held its inaugural lottery on June 5, 2025, awarding 249 provisional licenses for social equity and general applicants across four categories: cultivator, manufacturer, mezzobusiness, and retailer. The ...
Ukraine Advances Medical Cannabis Access with Support from Soros-Affiliated NGOs
LOS ANGELES- Ukraine’s State Service for Medicines and Drug Control issued its first license for importing medical cannabis on June 2, 2025, following the enactment of a law in August 2024 that authorized the use ...
Trump Administration Proposes Elimination of Federal Protections for State Medical Cannabis Programs
LOS ANGELES- The Trump administration's fiscal year 2026 budget proposal includes the removal of a longstanding provision that prohibits the Department of Justice (DOJ) from using federal funds to interfere with state-legal medical cannabis programs. ...
Psychedelic Drugs Market Projects Significant Growth Through 2029
LOS ANGELES- The global psychedelic drugs market is projected to experience substantial growth, with estimates indicating an increase from $6.39 billion in 2025 to $11.93 billion by 2029, reflecting a compound annual growth rate (CAGR) ...
Village Farms Completes Divestiture of Fresh Produce Business to Focus on Cannabis
LOS ANGELES- Village Farms International Inc. has finalized the transaction to privatize its fresh produce operations, marking a strategic shift to concentrate on its cannabis ventures. The deal, completed on May 30, 2025, involves the ...
Massachusetts House Approves Cannabis Oversight Reform Bill
LOS ANGELES- The Massachusetts House of Representatives has unanimously passed legislation aimed at restructuring the state's cannabis regulatory framework. The bill, designated as H 4187, seeks to address administrative challenges and enhance oversight within the ...
Italy Enacts Security Decree Targeting Protests, Squatting, and Cannabis Industry
LOS ANGELES— Italy's Senate has passed a comprehensive security decree introduced by Prime Minister Giorgia Meloni's right-wing coalition, intensifying penalties for public demonstrations, unauthorized property occupations, and the commercial sale of certain cannabis products. The ...
