Consumer Research
Week In Review: Rubicon Organics Finalizes Conditions for Hope Facility Acquisition; Cresco Labs Reschedules Q1 2025 Earnings; London Mayor Advocates for Decriminalization of Cannabis Possession; New Zealand Medicinal Cannabis Firms Propose Merger to Form Helius Health
LOS ANGELES — Welcome to the far too-exciting world of ...
Minnesota Legislature Advances Cannabis Market Framework to Governor
LOS ANGELES- Minnesota lawmakers have passed a comprehensive bill aimed ...
Cannabis in Psychedelic Therapy: Potential and Precautions
LOS ANGELES- The integration of cannabis into psychedelic-assisted psychotherapy is ...
Former Metrc Executive Alleges Company Enabled Illegal Cannabis Sales in Whistleblower Suit
LOS ANGELES- A former senior executive at Metrc, the leading cannabis compliance tracking company in the U.S., has filed a federal whistleblower lawsuit accusing the firm of turning a blind eye to unlawful activity, including ...
Beer Gets Burned, Hemp Drinks Heat Up
New insights from Whitney Economics show hemp beverages could win big as tariffs slam the beer industry The team at Whitney Economics just dropped their latest cannabis and hemp market forecast—and it’s a must-read for ...
Cannabis Prices Decline in New York Amid Market Expansion
LOS ANGELES- The legal cannabis market in New York is experiencing a notable decrease in product prices, coinciding with rapid industry growth and increased consumer access. Price Reductions Across Product Categories Recent data indicates a ...
U.S. Cannabis Companies Face EBITDA Declines Amid Margin Pressures But Growth Expected in 2026
NEW YORK- As of April 1, 2025, most major publicly traded U.S. cannabis companies have released their financial results for the fourth quarter of 2024. An analysis by Viridian Capital Advisors reveals that eight out ...
Trump Administration Attributes D.C. Disorder to Cannabis Decriminalization
LOS ANGELES- President Donald Trump has signed an executive order titled "Making the District of Columbia Safe and Beautiful," establishing the D.C. Safe and Beautiful Task Force. This initiative aims to address public safety and ...
Florida Appeals Court Reduces Drug-Trafficking Conviction to Possession
LOS ANGELES- A Florida appeals court has overturned a drug-trafficking conviction, reducing it to a possession charge due to the inability to distinguish between illegal cannabis and legal hemp. The Second District Court of Appeal ...
Psilocybin Law Reforms Gain Momentum Across the United States
LOS ANGELES- Efforts to reform psilocybin laws are accelerating nationwide, with several states making significant strides toward decriminalization or legalization of the psychoactive compound found in "magic mushrooms." In Colorado, voters approved Proposition 122 in ...
Greewave Advisors Analysis: Cannabis Companies & Cash Flow – Size Matters
Over the past 6 years (2019-2024), the Tier 1 Multistate Operators (MSOs) have generated $2.3B in Cash Flow from Operations (CFO); Assuming all unpaid 280E related tax liabilities are satisfied this amount is $1.3 Billion. ...
New Mexico Takes a Landmark Step Toward Legal Psychedelic Therapy
LOS ANGELES- New Mexico just made history—again. Governor Michelle Lujan Grisham has officially signed the Medical Psilocybin Act into law, positioning New Mexico as the third U.S. state to legalize psilocybin for therapeutic use. But ...
4/20 Cannabis Price Wars: How a Cultural Milestone Became a Cautionary Tale
LOS ANGELES- Once a day to honor cannabis culture, April 20th—aka 4/20—has increasingly become a flashpoint in the cannabis industry’s struggle for survival. What began as a grassroots celebration has devolved, in many markets, into ...
Upcoming Cannabis Legislation: Initiatives in Nebraska, Idaho, and Arkansas
LOS ANGELES- In the evolving landscape of U.S. cannabis legislation, three states—Nebraska, Idaho, and Arkansas—are poised to make significant strides. Nebraska and Idaho are looking to legalize medical cannabis, while Arkansas aims to expand its ...
Arrests Made in Multi-Nation JuicyFields Cannabis Investment Fraud
LOS ANGELES- The investigation into the JuicyFields cannabis investment scam, believed to involve fraudulent activities amounting to nearly $700 million, has culminated in the arrest of nine individuals. This case, noted as one of the ...
Dutchie Payments System Buckles Under Pressure on 4/20
LOS ANGELES- On April 20th, the cannabis community celebrates a day of significance – a day marked not only by camaraderie but also by substantial commercial activity. However, this year’s 4/20 brought a bitter experience ...
MedMen Winds Up Getting Wound Up: Files for Bankruptcy, Assets Placed in Receivership
NEW YORK- MedMen Enterprises has declared bankruptcy in Canada, announcing the decision on April 24 amid escalating financial troubles. With liabilities amounting to C$561 million ($410.4 million), the cannabis company has appointed B. Riley Farber ...
California Moves Closer to Legalizing Cannabis Cafés
LOS ANGELES- California's legislative efforts to allow cannabis cafés took a significant step forward as Assembly Bill 1775, championed by Representative Matt Haney (D), passed through a second Assembly committee. The bill received favorable votes ...
Study Finds THC Increases Survival Time in Palliative Care Patients
LOS ANGLES- A recent study conducted by German researchers has found that tetrahydrocannabinol (THC) may significantly extend the survival time of ambulatory palliative patients. Published in the peer-reviewed journal Medical Cannabis and Cannabinoids, the study ...
Expanded Record Sealing Opportunities Approved in Maine
LOS ANGELES- Maine's Legislature has recently approved two significant bills that enhance the state's ability to seal criminal records. Among these, one particular bill stands out for its focus on cannabis-related offenses. This legislation now ...
DEA Challenges Right to Try Psilocybin Use in Court
LOS ANGELES- The U.S. Drug Enforcement Administration (DEA) has requested a federal appeals court to refuse Dr. Sunil Aggarwal's application to use psilocybin for terminally ill patients, citing the Controlled Substances Act (CSA) which does ...
Louisiana Committee Advances Cannabis Regulatory Framework Bill
LOS ANGELES- The Louisiana House Health and Welfare Committee has unanimously passed House Bill 707, setting the stage for a comprehensive regulatory framework for recreational cannabis use. Introduced by Rep. Edmond Jordan, the bill aims ...
Cannabis Industry on Track to Deliver 800,000 American Jobs by 2028
SAN DIEGO — In a recent report, CannabizTeam, a leading cannabis staffing and executive search firm, detailed optimistic projections for the U.S. job market within the legal cannabis industry, forecasting substantial growth and compensation boosts ...
Study Reveals High THC Levels in Smokable Hemp Products
LOS ANGELES- A recent study conducted by the National Institute of Standards and Technology (NIST) has revealed that a significant majority of smokable hemp products contain THC levels that exceed federal legal limits, classifying them ...
Cresco Labs Workers Vote to Leave Union
LOS ANGELES- In a notable development in the cannabis industry, employees at Cresco Labs' cultivation facility in Fall River, Massachusetts, have opted to de-unionize. The decision, made ahead of the expiration of their current contract ...
Louisiana Legislators Clash Over THC Consumables Regulation
LOS ANGELES- Louisiana's legislative bodies are currently entangled in a debate over the future of hemp-derived THC consumables, with contrasting bills passed by the House and Senate. According to NOLA.com, the Louisiana House has passed ...
Expansion of Japan’s Cannabis Market
LOS ANGELES- The cannabis market in Japan has shown remarkable growth from $26.3 million in 2019 to $173.8 million in 2023. This growth, detailed in a report by Euromonitor International, reflects a burgeoning demand for ...
Heritage Cannabis Seeks Creditor Protection
LOS ANGELES-Heritage Cannabis Holdings Corp. has sought creditor protection, reflecting broader financial distress within Canada’s adult-use cannabis market. The Ontario Superior Court of Justice approved the creditor protection under the Companies' Creditors Arrangement Act (CCAA), ...
Minnesota House Advances Social Equity in Cannabis Licensing
LOS ANGELES- The Minnesota House of Representatives has passed significant amendments to the state's adult-use cannabis program, focusing on enhancing social equity in cannabis licensing. The changes were detailed in a recent MinnPost report and ...
Adjustments to Federal Drug Testing Guidelines Proposed
NEW YORK- The Department of Health & Human Services is considering revisions to the federal drug testing panels, as detailed in a recent Federal Register publication. The proposed adjustments include the addition of fentanyl to ...
Canopy Growth Corp Expands into U.S. Cannabis Market
LOS ANGELES- Canopy Growth Corp, a Canada-based cannabis company, has secured approval from its shareholders to venture into the American cannabis market via its newly established subsidiary, Canopy USA. This strategic move involves a novel ...
Strategic Merger: Nature’s Miracle and Agrify Unite in Controlled Environment Agriculture
LOS ANGELES- Nature's Miracle Holding Inc., a vertical farming technology, has successfully completed its acquisition of Agrify Corporation, a provider of advanced cultivation and extraction solutions. This merger positions the combined entity at the forefront ...
North Carolina’s First Medical Cannabis Dispensary Opens
NEW YORK- North Carolina witnessed the opening of its first medical cannabis dispensary on April 20, a significant event as it marks the only legal, regulated, and safe sale of cannabis within the state. Located ...
Governor Pritzker Campaigns for Biden, Highlighting Cannabis Policy and Political Strategy
LOS ANGELES- Illinois Governor J.B. Pritzker campaigned for President Joe Biden in Grand Rapids, Michigan, using the occasion of the 420 cannabis holiday to discuss the economic benefits of cannabis legalization. Pritzker highlighted the positive ...
U.S. and State Legislators Address Diverse Cannabis-Related Issues
LOS ANGELES- Recent legislative developments across the United States reflect a broad spectrum of approaches to cannabis-related issues, from medical use and public safety to regulatory and expungement processes. These actions signify ongoing, nuanced dialogues ...
Kentucky to Initiate Medical Cannabis License Lottery
LOS ANGELES- In a significant step towards the establishment of its medical cannabis program, Kentucky Governor Andy Beshear announced plans for a lottery to allocate the state's initial medical cannabis business licenses. Scheduled for October, ...
New York to Strengthen Enforcement Against Illicit Cannabis Sales
LOS ANGELES- Governor Kathy Hochul, alongside New York City Mayor Eric Adams and other state officials, announced a comprehensive five-point plan to address the unlicensed cannabis market in New York. This announcement, made on Friday, ...
Uncertainty Looms Over Florida’s Cannabis Legalization Vote
LOS ANGELES- Florida is approaching a pivotal moment as it prepares to vote on the legalization of recreational cannabis in November. Current polling data suggests a tight race towards achieving the required 60% supermajority needed ...
