Consumer Research
Federal Hemp Overhaul Threatens Cannabis Seed Trade, Sparking Breeder Backlash
LOS ANGELES – A tucked-away clause in last month's federal ...
OPINION: Careful What You Wish For, You Might End Up With A 12-Inch Pianist
LOS ANGELES- The regulated cannabis industry should be collectively objecting ...
Flower by Edie Parker Teams Up with Verano for Florida Cannabis Debut, Spotlights Rapper JT in Promo Campaign
MIAMI – Flower by Edie Parker, a female-founded, premium Cannabis ...
Curaleaf Secures $100M Revolving Credit Facility
STAMFORD – Curaleaf Holdings Inc. closed an expanded revolving credit agreement with Needham Bank, increasing its borrowing limit to $100 million from $40 million and extending the term to as long as five years. The ...
Planet 13 Expands Florida Footprint
LAS VEGAS – Planet 13 Holdings Inc., a vertically integrated Cannabis operator with cultivation, production, and retail operations in four states, launched its latest medical Cannabis outlet in DeLand, Florida. The store, situated in the ...
California Governor Approves Fast Track for Cannabis and Psychedelics Studies
LOS ANGELES – Governor Gavin Newsom (D) signed Assembly Bill 1103 into law on Friday, October 10, clearing hurdles for researchers studying Cannabis and psychedelics in the state. The measure targets delays in approving projects ...
Week In Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – Wrapping up September 2025, it's clear the U.S. Cannabis sector is buzzing with a mix of encouraging expansion signs and sobering challenges, ranging from record-breaking sales in emerging markets to the frustrating ...
Colorado Wholesale Cannabis Prices Hit Record Low
DENVER – Wholesale prices for Cannabis flower in Colorado have sunk to $649 per pound, matching the state's lowest level on record, even as the number of licensed growers has shrunk by a quarter over ...
Washington State Regulators Plan to Label Cannabis with Harvest & Processing Dates
OLYMPIA – State regulators in Washington are advancing a proposal to reinstate harvest and processing dates on labels for recreational Cannabis products, a requirement that could equip buyers with clearer indicators of freshness amid concerns ...
FinCEN Reveals Steady Banking Access for Cannabis Businesses Despite Persistent Federal Barriers
WASHINGTON – A recent report from the Financial Crimes Enforcement Network shows that 816 banks and 182 credit unions filed suspicious activity reports (SARs) related to Cannabis businesses through the end of 2024, signaling stable ...
Thai PM Renews Drug Crackdown Vow as Cannabis Sector Awaits Policy Clarity
BANGKOK – Prime Minister Anutin Charnvirakul, who once spearheaded Thailand's shift toward Cannabis tolerance, has recommitted his administration to aggressive narcotics enforcement, promising to "win the war on drugs" in a move that underscores the ...
Ohio Governor Enacts Halt on Sales of Hemp-Derived THC Products
COLUMBUS – Ohio Governor Mike DeWine issued an executive order on October 8, 2025, directing retailers to pull intoxicating hemp products from shelves by next Tuesday, marking a sharp intervention in the state's unregulated market ...
Germany’s Cabinet Advanced Restrictions Balancing Access and Control in Medical Cannabis
BERLIN – Germany's federal cabinet cleared a draft bill that would require in-person doctor consultations before issuing medical Cannabis prescriptions and prohibit mail-order shipments, addressing a fourfold jump in imports over the past year. The ...
The Cannabist Reports Mixed Q2 2024 Results
LOS ANGELES- The Cannabist Company Holdings Inc. (OTC: CBSTF), formerly known as Columbia Care, delivered a mixed performance for Q2 2024. The company reported $125 million in revenue, a 2% sequential increase but a drop ...
MindMed Launches $75 Million Public Offering to Fund Psychedelic Research
LOS ANGELES- Mind Medicine (MindMed) Inc. (NASDAQ: MNMD) announced a public offering aimed at raising $75 million through the sale of approximately 9.2 million shares at $7 each. The company is also offering around 1.4 ...
Ayr Wellness Reports Revenue Increase in Q2 2024
LOS ANGELES- Ayr Wellness Inc. posted a slight revenue increase for Q2 2024, reporting earnings of $117 million, a 0.5% improvement compared to the same quarter last year but a 0.6% decline from Q1 2024. ...
Verano Holdings Reports Mixed Q2 2024 Results
LOS ANGELES- Verano Holdings Corp. reported mixed financial results for Q2 2024, with revenue reaching $222 million, reflecting a 0.5% increase from the previous quarter but a 5% decline year-over-year. The revenue aligned with the ...
Ascend Wellness Reports Revenue Growth in Q2 2024
LOS ANGELES- Ascend Wellness Holdings, Inc. delivered a mixed performance for Q2 2024, reflecting both revenue gains and profitability pressures. The company reported a 15% year-over-year increase in revenue, reaching $141.5 million. Despite this growth, ...
MindMed Launches $75 Million Public Offering to Fund Psychedelic Research
LOS ANGELES- Mind Medicine (MindMed) Inc. announced a public offering aimed at raising $75 million through the sale of approximately 9.2 million shares at $7 each. The company is also offering around 1.4 million shares ...
Green Thumb Industries Reports Strong Q2 2024 Performance
LOS ANGELES- Green Thumb Industries Inc. a Chicago-based cannabis company, posted solid second-quarter results for 2024, with revenue climbing 11% year-over-year to $280 million, exceeding analyst forecasts of $277.36 million. The company’s net income rose ...
atai Life Sciences Reports Q2 2024 Financial Results
LOS ANGELES- atai Life Sciences, a biopharmaceutical company focused on transforming mental health treatment, announced its financial results for the second quarter of 2024 along with updates on its clinical pipeline. The company highlighted significant ...
TerrAscend Corp. Announces $10 Million Share Buyback Program
LOS ANGELES- TerrAscend Corp., a prominent North American cannabis company, has initiated a normal course issuer bid (NCIB) to repurchase up to $10 million of its common shares over the next 12 months. The program, ...
Sumitomo Mitsui Trust Holdings Reduces Stake in COMPASS Pathways by 11.8% in Q2
LOS ANGELES- Sumitomo Mitsui Trust Holdings Inc. has reduced its stake in COMPASS Pathways plc (NASDAQ: CMPS) by 11.8% during the second quarter, according to a recent filing with the Securities and Exchange Commission (SEC). ...
BudLabs: The App Innovating How Cannabis Cultivators Measure Their Success
LOS ANGELES — In cannabis cultivation, staying ahead of the curve requires not only the best products but also the best tools. Advanced Nutrients has taken a significant step in this direction with the development ...
Out-of-State Applicants Dominate Minnesota’s Early Cannabis License Applications
LOS ANGELES- Minnesota's newly established cannabis market is attracting significant interest from out-of-state applicants, according to recent data from the Office of Cannabis Management (OCM). Of the 1,817 pre-applications submitted this summer for various cannabis ...
Bipartisan Lawmakers Push for MDMA Therapy for PTSD as FDA Decision Looms
LOS ANGELES- In a rare show of bipartisanship, 80 members of Congress have united to urge President Joe Biden and the FDA to prioritize research on MDMA-assisted therapy for treating post-traumatic stress disorder (PTSD). The ...
Morocco Pardons 5,000 for Illegal Cannabis Cultivation in Push Toward Legal Market
LOS ANGELES- Morocco’s King Mohammed VI has pardoned nearly 5,000 individuals previously convicted or wanted for illegal cannabis cultivation, a move aimed at facilitating the transition to the legal cannabis market. The royal pardon is ...
Willow Biosciences Posts Record Revenue in Q2
LOS ANGELES- Willow Biosciences Inc. a synthetic biology company specializing in pharmaceutical ingredients, reported record revenue of $1 million for the second quarter of 2024, a 660% increase compared to the same period last year. ...
New York Cannabis Market Report Highlights Progress and Challenges
LOS ANGELES- New York state officials released a comprehensive report this week, reviewing the progress made in the three years since the state's cannabis legalization law was signed by then-Governor Andrew Cuomo in 2021. The ...
Week’s In Review: Federal Policy Uncertainty Continues to Challenge U.S. Cannabis Industry; LeafLink Acquires Leaf Trade to Enhance Cannabis Wholesale Platform; Canopy Growth Appoints New CEO Amid Financial Challenges; New York’s Legal Cannabis Sales Approach $1 Billion Milestone
LOS ANGELES — Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets with some states doing amazingly well. And some, well...they're not doing so well (hello New ...
Week’s In Review: GOP Senator Calls for Comprehensive Cannabis Reform, Criticizes Partial Measures; MAPS Wins FDA Approval for Clinical Trials of Medical Cannabis; Curaleaf Secures Massachusetts’ First Cannabis Research License
LOS ANGELES — Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets with some states doing amazingly well. And some, well...they're not doing so well (hello New ...
Week’s In Review: How Do You Target the Right SEC-Accredited Investors in Cannabis?; Amethyst Health Secures Conditional Medical Cannabis License in New York; California’s Cannabis Excise Tax Set to Increase Amid Industry Concerns
LOS ANGELES — Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets with some states doing amazingly well. And some, well...they're not doing so well (hello New ...
Week’s In Review: Trump’s Return to Office: What it Means for the Cannabis Industry; Planet 13 Launches Initiative to Support Florida Veterans and First Responders with Medical Cannabis Access; Mixed Results for Cannabis Initiatives in U.S. States; Texas Voters Approve Local Cannabis Decriminalization in Dallas, Bastrop, and Lockhart
LOS ANGELES — Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets with some states doing amazingly well. And some, well...they're not doing so well (hello New ...
Week’s In Review: Criticism Mounts Over New York’s Social Equity Cannabis Fund for High Costs and Limited Impact; Arizona to Launch Recreational Cannabis Home Delivery; DeSantis Uses Opioid Settlement Funds for Anti-Cannabis Ads Ahead of Ballot Initiative
LOS ANGELES — Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets with some states doing amazingly well. And some, well...they're not doing so well (hello New ...
Week’s In Review: Alabama Judge Appoints Mediator in Medical Cannabis Licensing Dispute; Ascend Wellness Shares Climb 5.3% Amid Low Trading Volume; Unlicensed New York Cannabis Retailer Hit with $9.5 Million Judgment
LOS ANGELES–Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets with some states doing amazingly well. And some, well...they're not doing so well (hello New York). Let's ...
Week’s In Review: Cannabis Industry Poised for $112 Billion Impact in 2024; New York Opens Applications for $5 Million Cannabis-Funded Community Grants Program; Tennessee Introduces New Regulations for Hemp Product Sales
LOS ANGELES–Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets with some states doing amazingly well. And some, well...they're not doing so well (hello New York). Let's ...
Week’s In Review: New Hampshire Senate Blocks Cannabis Greenhouse Bill Despite Overwhelming House Support; Tilray Reports 13% Decline in Cannabis Revenue for Q1 FY25; Missouri Health Department Requests $877K to Enforce Hemp Product Ban
LOS ANGELES–Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets with some states doing amazingly well. And some, well...they're not doing so well (hello New York). Let's ...
Week’s In Review: New York Cannabis Market Report Highlights Progress and Challenges; TerrAscend Secures Additional $26 Million in Loan Draw to Pay Down High-Interest Debt; Harris’s Comments Over Cannabis Reform in the 2024 Presidential Race; FBI Data: Over 200,000 Arrests for Cannabis Possession in 2023
LOS ANGELES–Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets with some states doing amazingly well. And some, well...they're not doing so well (hello New York). Let's ...
