Consumer Research
FDA Signals Shift to Single Phase 3 Trials for Drug Approvals, Opening Door for Faster Psychedelic Therapies
LOS ANGELES – The Food and Drug Administration is preparing ...
Gallup Reveals First Dip in Years for Cannabis Legalization Public Support
LOS ANGELES – A fresh Gallup survey reveals that 64% ...
New York Updates Cannabis Packaging, Labeling, and Advertising Regulations
NEW YORK – The New York State Cannabis Control Board ...
Global Cannabis Market Tightens Amid Surging Demand and Supply Snags
LOS ANGELES – Germany's medical Cannabis imports jumped more than 400% in H1 2025, pushing the European market into a period of rapid expansion and testing the limits of international supply chains. That surge has ...
Ex-Prosecutor Calls for Psilocybin Therapy Legalization in NY
NEW YORK – A former narcotics prosecutor who once enforced drug laws now argues that New York must open the door to psilocybin-assisted therapy, framing it as a necessary step toward treating chronic pain and ...
Supply Bottlenecks Stall Minnesota’s Adult-Use Cannabis Launch
MINNEAPOLIS – Minnesota's adult-use Cannabis sector kicked off with fanfare, but operators on the ground report bare shelves and mounting bills as wholesale supplies fail to keep pace with licensed retail outlets. The Office of ...
California Enacts Law Requiring Intoxicating Hemp Sales Through Licensed Cannabis Outlets
LOS ANGELES – Governor Gavin Newsom signed Assembly Bill 8 into law on Thursday, directing intoxicating hemp-derived products into California's tightly controlled Cannabis distribution system and barring their sale elsewhere. The measure addresses gaps in ...
Case Study: Better Data, Better Decisions: How Clean Inputs Strengthen Cannabis Strategy
LOS ANGELES- In a highly regulated and competitive industry like cannabis, data isn’t just numbers on a spreadsheet — it’s the foundation of effective decision-making. Yet many operators still struggle with messy, inconsistent, or incomplete ...
NY Cannabis Board Hits Equity Target With 57% of Licenses to Social Equity Holders
NEW YORK – New York regulators reported that social and economic equity applicants now control 57% of the state's adult-use Cannabis licenses, a figure that clears the program's initial benchmark and signals steady advancement in ...
Australia’s Medicinal Cannabis Imports Hit Record Highs
SYDNEY – Figures released this week by Australia's Office of Drug Control paint a picture of robust expansion in the country's regulated Cannabis sector, with imports leading the charge alongside steady advances in domestic output ...
Missouri Cannabis Sales Fall to $118.9M in September
ST. LOUIS – Retailers in Missouri reported $118.9 million in Cannabis sales for September, a drop from the previous month's total and the second-lowest figure of the year so far. The decline of about 9% ...
Tilray Medical Expands to Panama Market
NEW YORK – Tilray Medical, the pharmaceutical arm of Tilray Brands Inc., has secured a medical Cannabis license in Panama, marking its latest step into Central America. The company formed a joint venture with local ...
Verano Launches Dispensary in Restored Ohio Train Depot
CHICAGO – Verano Holdings Corp. marked another step in its Ohio operations with the announcement of a grand opening for its Zen Leaf dispensary in Antwerp, a small village in northwest Ohio. The site, set ...
Ascend Wellness Shares Climb 5.3% Amid Low Trading Volume
LOS ANGELES- Shares of Ascend Wellness Holdings, Inc. rose by 5.3% on Friday, reaching an intraday high of $0.82 before closing at $0.80. This upward movement came despite a notable decrease in trading volume, with ...
Older Adults Increasingly Turn to Cannabis for Pain and Sleep Relief
LOS ANGELES- A growing number of older adults in the U.S. are turning to cannabis for managing sleep disturbances and chronic pain relief, especially as cannabis gains legal and social acceptance. Recent studies suggest that ...
Psyence Biomed Progresses in Psilocybin Development for Alcohol Use Disorder
LOS ANGELES- Psyence Biomed, a biopharmaceutical company focused on psychedelic therapeutics, has provided an update on its development of high-purity psilocybin in collaboration with PsyLabs. The company is working towards producing Active Pharmaceutical Ingredients (APIs) ...
What Is The Clean Label Movement: How Does It Apply To Cannabis?
LOS ANGELES — The clean label movement, which has transformed the food, beverage, and wellness industries, is also becoming a vital focus within the cannabis sector. Today’s consumers are informed, health-conscious, and increasingly demand transparency ...
Seelos Therapeutics Delisted from Nasdaq Moves to OTC Market
LOS ANGELES- Seelos Therapeutics, a clinical-stage biopharmaceutical company, has announced its delisting from the Nasdaq stock exchange after failing to meet the minimum stockholder's equity requirement. Despite an extension until October 11, 2024, granted by ...
Mastering Employee Compliance: Navigating State-Specific Complexities in Cannabis
LOS ANGELES — Operating a cannabis business in the U.S. requires more than just understanding the industry's shifting landscape; it demands staying ahead of ever-evolving, state-specific regulations. Nowhere is this more critical than in managing ...
Psychedelics Market Sees Growth Amid Regulatory and Investment Shifts
LOS ANGELES- The psychedelics market in the U.S. is witnessing rapid expansion, driven by both regulatory advancements and increasing investor interest. The sector, valued at approximately $603.1 million in 2024, is projected to grow at ...
Mastering the Cannabis Market: 4 Key Strategies for Cultivation Success with BigMike
LOS ANGELES — The U.S. cannabis industry, projected to reach nearly $40 billion by the nearing close of 2024, presents both substantial opportunities and escalating challenges for cultivators. With rising competition, price compression, and increasing ...
ANNOUNCING: We’re ‘Stirring the Pot’ in New Classic Cannabis Debate Show Sponsored by Guy Rocourt Brand
GET READY to 'STIR THE POT': Cannabis Debates Heat Up in New Show "Stirring the Pot," Sponsored by Guy Rocourt Brand Launching October 2024, 'Stirring the Pot' Brings Together Industry Celebrities to Discuss the Hot Topics ...
Tennessee Introduces New Regulations for Hemp Product Sales
LOS ANGELES- Tennessee regulators have introduced significant new rules for the sale of hemp-derived cannabinoid (HDC) products, which are set to take full effect on December 26, 2024. These regulations, overseen by the Tennessee Department ...
Germany’s Medical Cannabis Market Set to Reach €420 Million in 2024
BERLIN- Germany's medical cannabis market is poised for substantial growth in 2024, with sales projected to surpass €420 million ($455 million), according to a report by Prohibition Partners. The country, which has led Europe in ...
2024 Presidential Candidates Outline Contrasting Visions for Cannabis and Psychedelics Reform
LOS ANGELES- The 2024 presidential election is showcasing a diverse range of positions on cannabis and psychedelics reform, reflecting the evolving landscape of U.S. drug policy. Prominent candidates across both parties have taken varying stances, ...
Massachusetts Voters Divided Over Psychedelics Legalization Ahead of 2024 Ballot
LOS ANGELES- Massachusetts voters are set to decide on Question 4 in the upcoming November 5 ballot, which proposes the legalization and regulation of certain psychedelic substances for therapeutic and personal use. If approved, Massachusetts ...
The Normalization of Cannabis: Insights from California’s Consumption Lounges
LOS ANGELES — Cannabis has come a long way from its stigmatized past, with consumption lounges playing a pivotal role in normalizing its use. In California, legalization of these lounges is reshaping how consumers interact ...
Cannabis Industry Poised for $112 Billion Impact in 2024
LOS ANGELES- The cannabis financial market has been showing signs of both growth and challenges in 2024. The U.S. cannabis industry is projected to contribute $112.4 billion to the economy by the end of the ...
Florida Chamber of Commerce Launches Campaign Against Cannabis Legalization Amendment
LOS ANGELES- The Florida Chamber of Commerce has launched an online campaign opposing Amendment 3, a ballot initiative that could legalize adult-use cannabis in the state. Through its website, flbizagainsta3.com, the Chamber aims to educate ...
New York Opens Applications for $5 Million Cannabis-Funded Community Grants Program
NEW YORK- New York State has opened applications for a $5 million Community Reinvestment Grants program, funded by cannabis tax revenue. This initiative is designed to support areas that have been disproportionately impacted by past ...
Multiple States to Vote on Key Marijuana Legalization Measures in November 2024
LOS ANGELES- The November 5, 2024 election is set to be a critical moment for cannabis law reform, with several states considering ballot initiatives that could reshape marijuana policies across the U.S. Key states include ...
California Judge Upholds Emergency Regulations Banning THC in Hemp Products
LOS ANGELES- A California judge has recently upheld emergency regulations that restrict the sale of hemp products containing any detectable levels of THC. The decision came after hemp companies challenged the state's new rules, arguing ...
Kamala Harris Pledges to Federally Legalize Cannabis
LOS ANGELES- Vice President Kamala Harris has announced a commitment to federally legalize cannabis if elected in the 2024 presidential race. Her campaign emphasizes that legalizing recreational cannabis will address systemic inequalities, particularly those affecting ...
U.S. Supreme Court to Hear Case Involving Trucker Fired Over CBD-Related THC Test
LOS ANGELES-The U.S. Supreme Court is set to hear arguments in a case involving Douglas Horn, a trucker who claims he was wrongfully fired after testing positive for THC, which he attributes to using a ...
New Hampshire Senate Blocks Cannabis Greenhouse Bill Despite Overwhelming House Support
LOS ANGELES- New Hampshire lawmakers have failed to override Governor Chris Sununu’s veto of a bill that would have allowed medical cannabis producers to cultivate cannabis in greenhouses. The House of Representatives had voted overwhelmingly, ...
Czech Senate Approves Regulation of Kratom and HHC Sales
LOS ANGELES- The Czech Senate has approved new legislation regulating the sale of kratom and hexahydrocannabinol (HHC), a move aimed at safeguarding public health, especially for minors. These changes follow a high-profile incident in January ...
Nebraska Officials Scrutinize Medical Cannabis Petition Signatures
LOS ANGELES- Nebraska state officials are questioning the validity of signatures supporting two medical cannabis ballot initiatives, sparking a legal battle over whether the measures should remain on the upcoming November ballot. Secretary of State ...
Tilray Reports 13% Decline in Cannabis Revenue for Q1 FY25
LOS ANGELES- Tilray Brands, a lifestyle and consumer packaged goods company, announced a 13% decline in its cannabis revenue for the first quarter of fiscal year 2025, ending August 31, 2024. Despite overall growth in ...
