Consumer Research
New Mexico Speeds Up Psilocybin Therapy Access
SANTA FE – State health leaders in New Mexico outlined ...
Tilray Updated Investor Presentation Detailing Diversification Strategy
NEW YORK – Tilray Brands Inc. laid out its broadened ...
Argent BioPharma Secures AU$11M Facility to Finalize AusCann Assets Purchase
SYDNEY – Argent BioPharma Ltd., a developer of cannabinoid-based treatments ...
Emerald Intel Acquires Cannabiz Media, Expanding Reach in Cannabis Intelligence Sector
ANNAPOLIS – Emerald Intel, a key player in Cannabis market data, revealed its purchase of Cannabiz Media, a long-standing directory of licensed operators and decision-makers in the North American Cannabis space. The transaction, announced via ...
Whiskey Maker Trims Footprint as Buyers Turn to Cannabis
SEATTLE – Heritage Distilling Company, a craft spirits producer based in the Pacific Northwest, disclosed plans this week to streamline its operations, pointing to changing buyer habits that favor Cannabis products over traditional liquor. The ...
Circle K Eyes National Expansion for Hemp THC Drinks in 2026
LOS ANGELES – Circle K, the convenience store chain with nearly 7,000 locations across the United States, disclosed plans this week to distribute hemp-derived THC beverages in up to 3,000 stores starting next year. The ...
DMT Reveals Promising Potential in Stroke Recovery, Study Finds
LOS ANGELES – A compound long associated with visionary experiences in plants like ayahuasca may hold untapped value in treating one of medicine's toughest challenges: brain damage from strokes. Hungarian researchers report that N,N-dimethyltryptamine, or ...
Canopy Growth Shifts DOJA Site to Medical-Only Production in Canada
SMITHS FALLS, ON – Canopy Growth Corporation has repurposed its DOJA cultivation facility in Kelowna, British Columbia, to focus solely on medical Cannabis. The change positions the site as a dedicated supplier for its Spectrum ...
Spain Cabinet Greenlights Medical Cannabis Framework
MADRID – Spain's Council of Ministers on Tuesday approved a royal decree that sets rules for prescribing Cannabis-based medicines through the public health system, marking the first formal step toward regulated access for patients facing ...
Michigan Cannabis Trade Group Challenges New 24% Wholesale Tax in Court
LANSING – Yesterday, hours after Gov. Gretchen Whitmer put her signature on Michigan's latest state budget, the Michigan Cannabis Industry Association moved swiftly to court, filing suit to block a fresh 24% excise tax on ...
Alcohol Giants Intensify Capitol Hill Push on Hemp THC Drinks
WASHINGTON – Major players in the beer, wine, and spirits sectors disclosed a sharp increase in federal lobbying during the third quarter of 2025, zeroing in on regulations for hemp-derived THC beverages that some executives ...
Pre-Rolls Claim Top Spot in Canadian Cannabis Sales, Signal Shift Across the US
LOS ANGELES – Pre-rolled Cannabis joints have quietly moved ahead of loose flower to become the leading product in Canada's $5.8 billion 2024 legal market, a milestone that underscores a broader turn toward convenience in ...
LinkedIn Research Study: People Don’t Trust What You Say — They Trust What Others Say About You
LOS ANGELES- According to LinkedIn’s 2025 B2B Marketing Benchmark, video is now the #1 driver of trust — outperforming every other content format for credibility and conversion. The study shows that brands using video and ...
Oh Cannabis, An Industry Is Yet To Land…
TORONTO—It didn’t have to be this way. I mean, in spite of what so many whinge and whine about, Canada had a lot to leverage. Canada is pretty big, with a population of about 40 ...
Dennis Peron: The Gay Revolutionary Who Pioneered Medical Cannabis in America
SAN FRANCISCO-Dennis Peron, the "Father of Medical Marijuana," is a towering figure in the history of cannabis advocacy. His relentless dedication to compassion and justice not only changed the lives of countless patients but also ...
Bipartisan Legislation Introduced to Facilitate Expungement of Pardoned Federal Offenses
LOS ANGELES- On November 22, 2024, Representative Kelly Armstrong (R-ND) introduced H.R. 10248, known as the Weldon Angelos Presidential Pardon Expungements Act, in the U.S. House of Representatives. The bill, which has been referred to ...
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 ...
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 ...
DEA Postpones Cannabis Rescheduling Hearings to 2025
LOS ANGELES-The U.S. Drug Enforcement Administration (DEA) has postponed its hearings on the proposed rescheduling of cannabis under the Controlled Substances Act (CSA) to early 2025. The delay follows a preliminary order from Chief Administrative ...
The Vegas Classic: A Premier B2B Networking Event in Partnership with MJBiz
LAS VEGAS- As the cannabis industry continues to evolve and expand, networking, collaboration, and innovative partnerships are more critical than ever. That’s why we’re incredibly excited to introduce The Vegas Classic, an exclusive B2B networking ...
Ohio Legislature Considers Ban on Intoxicating Hemp Products
LOS ANGELES- Ohio lawmakers are evaluating Senate Bill 326, introduced by State Senator Steve Huffman (R-Tipp City), which aims to prohibit the sale of intoxicating hemp products. The proposed legislation defines such products as those ...
Breadstack: Is This The Winning Formula for Cannabis eCommerce?
LOS ANGELES—As a founding member of the Cannabis Open Standards Technology Alliance (COSTA), Breadstack has firmly established itself as a trailblazer in cannabis e-commerce. Based in Canada, the company has risen to meet the unique ...
HYTN Innovations Secures UK Import Permits and Initial Order from 4C Labs
LOS ANGELES- HYTN Innovations Inc., a pharmaceutical company specializing in psychoactive and psychotropic compounds, including cannabis and psilocybin, has received initial orders and import permits from the United Kingdom's 4C Labs. This development enables HYTN ...
A LIFE IN A DAY: Riel Roussopoulos: Head of Marketing: Breadstack
Riel Roussopoulos is a Canadian marketer and technologist with extensive experience driving growth in a variety of industries, including e-commerce, entertainment, real estate, fitness, and cannabis. He leverages his expertise in SEO, video production, copywriting, ...
Federal Policy Uncertainty Continues to Challenge U.S. Cannabis Industry
LOS ANGELES- The U.S. cannabis industry remains in a state of flux due to ongoing federal policy uncertainties, impacting market dynamics, investment strategies, and regulatory compliance. In August 2024, the U.S. Drug Enforcement Administration (DEA) ...
New York’s Legal Cannabis Sales Approach $1 Billion Milestone
LOS ANGELES- New York State's legal cannabis market is on track to surpass $1 billion in sales by the end of December 2024, marking a significant achievement since the market's inception two years ago. As ...
Green Thumb Industries Secures $150 Million Credit Facility to Retire Existing Debt
LOS ANGELES- Green Thumb Industries Inc. (GTI), a national cannabis consumer packaged goods company and owner of RISE Dispensaries, has closed a $150 million five-year syndicated credit facility led by Valley National Bank. The company ...
LeafLink Acquires Leaf Trade to Enhance Cannabis Wholesale Platform
LOS ANGELES- LeafLink, a cannabis wholesale platform, has acquired Leaf Trade, a wholesale marketplace serving multi-state operators (MSOs) and enterprise cannabis companies. This strategic move aims to streamline operations for cannabis businesses of varying scales. ...
Canopy Growth Appoints New CEO Amid Financial Challenges
LOS ANGELES- Canopy Growth Corp., a cannabis industry, has announced the appointment of Luc Mongeau as its new Chief Executive Officer, effective January 6. Mongeau succeeds David Klein in this leadership role. With over 25 ...
Nebraska Judge Upholds Voter-Approved Medical Cannabis Initiatives
LOS ANGELES- A Nebraska district court has affirmed the validity of two voter-approved measures concerning medical cannabis, dismissing allegations of fraudulent signature collection. The legal challenge aimed to invalidate Measures 437 and 438, which were ...
Germany’s Cannabis Legislation Faces Criticism
LOS ANGELES- Germany's recent legalization of cannabis has encountered significant criticism from various stakeholders, highlighting challenges in its implementation and effectiveness. Criticism from Berlin's Justice Senator Felor Badenberg, Berlin's Justice Senator, has expressed concerns that ...
Cannara Biotech Reports Record Growth in Fiscal 2024
LOS ANGELES- Montreal-based Cannara Biotech Inc a vertically integrated cannabis producer, announced record-breaking financial results for its fiscal year ended August 31, 2024. The company reported total annual revenues of $82.2 million, a 43% increase ...
