Consumer Research
Cannabis Cultivation Market Forecast to Reach $465B by 2030
LOS ANGELES – A recent report from Research and Markets ...
Circle K Tests Hemp THC Waters in Texas
DALLAS – Circle K has begun stocking shelves with hemp-derived ...
Is the Movement to Repeal Adult-Use Cannabis in Three States a Real Threat to Their Budgets?
NEW YORK – In a development that has raised eyebrows ...
Michigan Senate Tightens Controls on Intoxicating Hemp Derivatives
LANSING – In a bipartisan push to close regulatory gaps, the Michigan Senate approved a package of bills that would classify most high-potency hemp-derived THC items as Cannabis, folding them into the state's established Cannabis ...
Trulieve Secures $140M in Senior Notes
TALLAHASSEE – Trulieve Cannabis Corp. wrapped up a $140 million private placement of 10.5% senior secured notes, tapping into robust investor appetite to fuel its operational push. The deal, upsized from initial plans, comes just ...
🚨🚨 BREAKING: TRUMP RESCHEDULES CANNABIS 🚨🚨
WASHINGTON, D.C. –After months of speculation, President Trump Issues Executive Order Directing Federal Rescheduling of Cannabis to Schedule III President Donald Trump has signed an executive order directing federal agencies to complete the rescheduling of ...
Virginia Panel Outlines Path to Regulated Cannabis Sales in 2026
RICHMOND – Members of Virginia's Joint Commission to Oversee the Transition of the Commonwealth into a Cannabis Retail Market presented a series of amendments to create a licensed system for adult-use Cannabis sales, targeting a ...
Texas Regulator Awards Verano Conditional License to Operate in State’s Medical Cannabis Market
AUSTIN – The Texas Department of Public Safety has issued a conditional license to Verano Texas, LLC, a subsidiary of Verano Holdings Corp., paving the way for the MSO to pursue cultivation, processing, and retail ...
Sensi Brands Secures Major Cultivation Site in Bid for Overseas Expansion
RICHMOND HILL – Sensi Brands Inc. completed its purchase of Maricann Inc., gaining control of a sprawling production facility tailored for export markets. The deal, the company's biggest to date, centers on a 100-acre campus ...
High Tide Launches Europe’s First Canna Cabana Store in Berlin
BERLIN – High Tide Inc., the Calgary-based Cannabis retailer known for its discount club model, has cut the ribbon on its inaugural European outpost, a Canna Cabana store in central Berlin that sells accessories and ...
Canopy Growth Acquires MTL Cannabis in Bid to Ramp Up Medical Sales
SMITHS FALLS – Canopy Growth Corp., a major player in the Canadian Cannabis sector, has signed a definitive agreement to purchase MTL Cannabis Corp. in a cash-and-stock transaction worth about $125 million on a fully ...
Trump Sets Plans for Cannabis Reclassification Executive Order
WASHINGTON – President Donald Trump is set to direct federal agencies to reclassify Cannabis from its current Schedule I status to Schedule III under the Controlled Substances Act, a step that would align federal oversight ...
Mid-Cap Cannabis Operators Face Liquidity Pressures Despite Solid Leverage, Viridian Report Finds
LOS ANGELES – Public Cannabis companies with $25-100 million market values are navigating a patchwork of financial strengths and vulnerabilities, according to the latest Weekly Credit Report from Viridian Capital Advisors. It tracks eight U.S.-based ...
Texas Senate Passes Bill to Ban Hemp THC
DALLAS–The Texas Senate has taken a major step toward banning consumable hemp products that contain THC or other intoxicating cannabinoids, a move that could severely impact an $8 billion industry employing approximately 50,000 workers. On ...
Planet 13 Schedules Release of Q4 2024 Financial Results
LOS ANGELES- Planet 13 Holdings Inc. a vertically integrated multi-state cannabis company, has announced that it will release its financial results for the fourth quarter and full year ending December 31, 2024, on March 26, ...
POSaBIT Captures Majority of Cannabis Transactions in Washington State
LOS ANGELES- POSaBIT Systems Corporation a provider of point-of-sale and payments infrastructure in the cannabis industry, now processes over 85% of all cannabis point-of-sale transactions in Washington State. Established in 2015, POSaBIT has expanded ...
Hemp-Derived Products Influence Cannabis Market Dynamics
LOS ANGELES- The 2018 Farm Bill's legalization of hemp cultivation has significantly impacted the cannabis industry, leading to the emergence of various hemp-derived products that are reshaping market dynamics. One notable development is the ...
High Tide Reports Q1 Revenue
LOS ANGELES- High Tide Inc. a Canadian cannabis retailer, announced its financial results for the first quarter ended January 31, 2025, reporting revenue of CAD 142.5 million, an 11% increase from the same period last ...
MindMed Appoints Matt Wiley as Chief Commercial Officer
LOS ANGELES-Mind Medicine (MindMed) Inc. a biopharmaceutical company specializing in brain health disorders, has announced the appointment of Matt Wiley as Chief Commercial Officer (CCO). In his new role, Mr. Wiley will oversee MindMed's ...
Missouri’s Cannabis Industry Experiences Significant Growth
LOS ANGELES- Since legalizing recreational cannabis in 2022, Missouri has rapidly emerged as a prominent player in the cannabis market. The state now ranks as the seventh-largest in cannabis sales, surpassing states with larger populations ...
Silly Nice Collaborates with Cannabis Justice & Equity Initiative to Promote Social Equity in New York’s Cannabis Industry
LOS ANGELES- Silly Nice, a Black and Veteran-owned cannabis brand based in Harlem, has partnered with The Cannabis Justice & Equity Initiative (CJEI) to support communities disproportionately affected by past cannabis prohibition. This collaboration focuses ...
Vista Hosts San Diego County’s First Licensed Public Cannabis Festival
LOS ANGELES- The city of Vista has made history by hosting San Diego County's first licensed cannabis event on public property. The Farmer's Cup, held at the Moonlight Amphitheatre, marked a significant milestone in the ...
Tokyo Smoke Closes Toronto Locations Amid Industry Challenges
LOS ANGELES- Tokyo Smoke, a prominent cannabis retailer, has reportedly ceased operations at all its Toronto outlets. This development aligns with a broader trend of cannabis store closures across Canada, reflecting the industry's evolving landscape. ...
Anna Kole Joins Highly Capitalized Network-HCN to Help Lead Content Development and Distribution
FOR IMMEDIATE RELEASE LOS ANGELES — Highly Capitalized Network-HCN, a leading source of financial news and market insights for the cannabis and psychedelics industries is excited to welcome Anna Kole as their new Content Editing ...
Innovative Cannabis-Derived Compound Offers Pain Relief Without Psychoactive Effects
LOS ANGELES- Researchers at Washington University School of Medicine in St. Louis and Stanford University have developed a novel compound that replicates the pain-relieving properties of cannabis without inducing psychoactive side effects or addiction. ...
Minnesota Extends Cannabis Business Application Deadline Following System Outage
LOS ANGELES- The Minnesota Office of Cannabis Management (OCM) has extended the deadline for cannabis business license applications after its online application system experienced an unexpected shutdown. System Outage Details On Friday, March 14, ...
Cannabis and Psychedelic Mushroom Kiosk at Brookfield Square Mall Draws Mixed Reactions
LOS ANGELES- A kiosk at Brookfield Square Mall in Brookfield, Wisconsin, operated by Waukesha-based Ethereal Gold Dispensary, has garnered attention for selling cannabis and psychedelic mushroom products. The presence of this kiosk has sparked a ...
South Africa’s Department of Health Enacts Ban on Cannabis and Hemp Food Products
LOS ANGELES- The South African Department of Health has implemented new regulations prohibiting the production, sale, and importation of foodstuffs containing components derived from the Cannabis sativa L. plant, including hemp, hemp seed oil, and ...
Cresco Labs Reports: Financial Results for Q4 and Full Year ending December 31, 2024
LOS ANGELES- Cresco Labs Inc., a cannabis company, has announced its financial results for the fourth quarter and full year ending December 31, 2024. The company reported an operating cash flow of $132 million for ...
Vermont Senators Propose Expansion of Psychedelic Therapy Advisory Group
LOS ANGELES- A group of Vermont state senators has introduced Senate Bill 106 (S.106), aiming to extend and expand the scope of the existing Psychedelic Therapy Advisory Working Group. The bill proposes to continue the ...
Idaho Lawmakers Push to Restrict Citizen-Led Ballot Initiatives on Cannabis and Drug Reform
BOISE - Idaho lawmakers have taken a significant step toward restricting citizen-led ballot initiatives related to cannabis and other drug reforms. The Idaho Senate recently passed a House-approved bill that would put a constitutional amendment ...
Glass House Brands Schedules Conference Call to Discuss 2024 Financial Results
LOS ANGELES- Glass House Brands Inc., a vertically integrated cannabis company, has announced plans to release its financial results for the fourth quarter and full year ending December 31, 2024. The company will host a ...
New Mexico Senate Committee Advances Medical Psilocybin Legislation
LOS ANGELES- The New Mexico Senate Judiciary Committee has approved Senate Bill 219, known as the Medical Psilocybin Act, which proposes the establishment of a regulated program for the therapeutic use of psilocybin. This approval ...
Idaho Legislature Advances Constitutional Amendment on Cannabis Legalization
LOS ANGELES- The Idaho Senate has approved a proposed amendment to the state constitution that would grant the legislature exclusive authority over the legalization of cannabis and other substances. This measure, known as House Joint ...
Analysis: Cannabis Capital on the Rise: A Resilient Industry Continues To Grow
NEW YORK–Despite persistent regulatory frustrations, wholesale price compression, slowing growth, and historically low stock prices, the cannabis capital markets are showing unexpected strength. According to Viridian Capital Advisors, global cannabis capital raises surged to $2.3 ...
California Seizes $534 Million in Illegal Cannabis in 2024
LOS ANGELES- In 2024, California enforcement officials seized illegal cannabis valued at approximately $534 million, underscoring the state's commitment to regulating its cannabis industry. Enforcement Actions and Seizures The Unified Cannabis Enforcement Task Force ...
Blueberries Medical Corp. Announces C$1 Million Non-Brokered Private Placement
LOS ANGELES- Blueberries Medical Corp., a Latin American licensed producer of medicinal cannabis and cannabis-derived products, has announced a non-brokered private placement to raise approximately C$1.05 million (approximately US$740,000). Offering Details Common Shares Issued: ...
TerrAscend Reports Fourth Quarter and Full Year 2024 Financial Results
LOS ANGELES- TerrAscend Corp., a cannabis company, has announced its financial results for the fourth quarter and full year ending December 31, 2024. Fourth Quarter 2024 Highlights Net Revenue: $74.4 million, a 0.3% increase from ...
