Consumer Research
LIMS Market Projected to Hit $5.19 Billion by 2030
LOS ANGELES- The global Laboratory Information Management System (LIMS) market ...
Minnesota Awards 249 Cannabis Business Licenses in State’s First Lottery
LOS ANGELES- Minnesota’s Office of Cannabis Management (OCM) held its ...
Ukraine Advances Medical Cannabis Access with Support from Soros-Affiliated NGOs
LOS ANGELES- Ukraine’s State Service for Medicines and Drug Control ...
Canopy Growth Introduces Targeted Product Expansion for Canadian Market
LOS ANGELES- Canopy Growth Corporation has announced a strategic expansion of its product portfolio, focusing on four high-demand segments within Canada's adult-use cannabis market: vapes, high-THC flower, pre-rolls, and edibles. This initiative is part of ...
U.S. Legal Cannabis Sales Surpass $30 Billion in 2024
LOS ANGELES- In 2024, legal cannabis sales in the United States reached $30.1 billion, marking a 4.5% increase from the previous year. This growth occurred despite a 3.4% reduction in industry employment, equating to approximately ...
iAnthus Capital Holdings Reports Q1 2025 Financial Results
LOS ANGELES- iAnthus Capital Holdings, Inc. a multi-state operator in the U.S. regulated cannabis industry, released its financial results for the first quarter ended March 31, 2025. Financial Highlights Revenue: $38.1 million, a decrease from ...
Village Farms International Granted 180-Day Extension to Meet NASDAQ
LOS ANGELES- Village Farms International Inc.has received a 180-day extension from The Nasdaq Stock Market LLC to regain compliance with the exchange's minimum bid price requirement. This extension follows the expiration of the initial compliance ...
Bipartisan Legislation Proposes Framework for Federal Cannabis Legalization
LOS ANGELES- In a significant move towards federal cannabis reform, a bipartisan group of U.S. lawmakers has reintroduced the Preparing Regulators Effectively for a Post-Prohibition Adult-Use Regulated Environment (PREPARE) Act. The legislation aims to establish ...
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 ...
atai Life Sciences Initiates Phase 2 Trial of EMP-01 for Social Anxiety Disorder
LOS ANGELES- atai Life Sciences has commenced a Phase 2 clinical trial evaluating EMP-01, an oral formulation of R-3,4-methylenedioxy-methamphetamine (R-MDMA), for the treatment of social anxiety disorder (SAD). The first patient has been dosed in ...
Village Farms International Reports Q1 2025
LOS ANGELES- Village Farms International Inc. has announced its financial results for the first quarter of 2025, highlighting a strategic pivot towards its cannabis operations and the privatization of certain fresh produce assets. For the ...
Legalization Significantly Reduces Canada’s Illicit Cannabis Market
LOS ANGELES- Recent analyses indicate that Canada's legalization of non-medical cannabis in 2018 has substantially shifted consumer spending from illicit to legal markets. Studies report that within five years of legalization, approximately 75% of cannabis ...
Settlement Talks Underway in Dispute Over Cannabis Dispensary Location in Syracuse Suburb
NEW YORK- In a recent development that underscores the intricate legal and regulatory landscape of New York's cannabis market, TJ's Cannabis of Liverpool has entered settlement discussions with the New York Office of Cannabis Management ...
South Dakota Implements Stringent Cannabis Regulations Amidst Growing Industry Scrutiny
LOS ANGELES- This week, South Dakota Governor Kristi Noem (R) enacted two significant pieces of legislation aimed at tightening control over the cannabis industry within the state. The first bill empowers law enforcement and other ...
Clinical Trial Explores Psychedelic Treatment for Depression
LOS ANGELES- In a move within the field of psychiatric treatment, MindBio Therapeutics Corp. has announced the launch of its Phase 2B clinical trial, investigating the potential of psychedelics in treating Major Depressive Disorder (MDD). ...
Oregon Launches Unified Licensing Platform for Cannabis and Alcohol Businesses
LOS ANGELES – The Oregon Liquor and Cannabis Commission (OLCC) introduced a groundbreaking online system on Monday, aimed at streamlining the licensing process for the state's cannabis and alcohol industries. The newly unveiled Cannabis and ...
Massachusetts Cannabis Retailers Sue Township Over Community Impact Fees
LOS ANGELES – In a legal challenge that underscores the tensions between cannabis businesses and local regulations, three cannabis retailers have initiated a lawsuit against a Massachusetts township. Theory Wellness, Community Growth Partners Great Barrington ...
TerrAscend Charts New Fiscal Path Amid Cannabis Industry’s Tax Challenges
LOS ANGELES- TerrAscend Corp. a igure in the multi-state cannabis sector, has announced a bold fiscal maneuver during its financial disclosures for the fourth quarter and the entirety of the 2023 fiscal year. The Canadian-headquartered ...
Awakn Life Sciences Advances Treatment for Alcohol Use Disorder
LOS ANGELES- Awakn Life Sciences Corp. a biotechnology company, has made significant strides in the treatment of addiction, particularly Alcohol Use Disorder (AUD), with its recent investigative study on a proprietary S-ketamine oral thin film ...
Ayr Wellness Eyes Expansion into Emerging Cannabis Markets Amid Revenue Growth
LOS ANGELES- Ayr Wellness Inc, a multistate operator based in Miami, is setting its sights on significant expansion opportunities within the burgeoning adult-use cannabis market. In a recent earnings call, CEO David Goubert conveyed a ...
Chicago Atlantic Real Estate Finance Reports Amid Cannabis Industry Momentum
LOS ANGELES- Chicago Atlantic Real Estate Finance, Inc. an Illinois-based cannabis real estate investment trust (REIT), has disclosed a substantial 17% increase in net interest income for the fiscal year 2023, reaching $57.1 million. This ...
NECANN: New England’s Leading Cannabis Convention Returns to Boston
BOSTON, (March 18, 2024) -NECANN will host its 10th Annual New England Cannabis Convention March 22-23 at the Hynes Convention Center in Boston presented by Futurola. This year’s event has grown into a 3rd exhibit ...
Announcing: New Show on Highly Capitalized: ‘Human Capital with Liesl Bernard’: A Fresh Take on HR in Cannabis & Wellness Industries
LOS ANGELES, California, March 19, 2024 /PRNewswire/ Introducing "Human Capital" with Liesl Bernard, a new online news show set to air bi-monthly on HighlyCapitalized.com, and dedicated to exploring the vital topic of human resources within companies, ...
Verano Holdings Reports 2023 Financial Outcomes
LOS ANGELES- Verano Holdings Corp a player in the multi-state cannabis industry, has disclosed its financial performance for the fourth quarter and the entirety of 2023, demonstrating resilience and strategic growth despite facing industry-wide challenges. ...
Biden’s Pledge on Cannabis Reform Faces Scrutiny from Activists
LOS ANGELES- In a recent encounter with cannabis activists, President Joe Biden reaffirmed his commitment to reforming federal cannabis policy. However, activists argue that simply rescheduling cannabis is insufficient to address the harms caused by ...
Kentucky Senate Sets Conditions for Medical Cannabis Funding
LOS ANGELES- In a move that reflects ongoing debates over cannabis policy, the Kentucky Senate has introduced conditions for funding the state's Office of Medical Cannabis. The program, set to launch in 2025, now faces ...
Cresco Labs Navigates Financial Turbulence with Strategic Focus
LOS ANGELES- In a revealing glimpse into the cannabis industry's volatile financial landscape, Cresco Labs Inc. a cannabis multistate operator based in Chicago, disclosed a significant net loss of $180 million for the fiscal year ...
Hawaii Moves Closer to Cannabis Legalization with House Amendments
LOS ANGELES- Hawaii is on the verge of a major shift in its cannabis policy as House lawmakers in two crucial committees have voted to advance a bill for the legalization of adult-use cannabis, albeit ...
Review: Hall of Flowers Cannabis Business Event: A Uniquely Authentic Experience
LOS ANGELES--In an industry burgeoning with conventions and expos, the Hall of Flowers stands out not merely as an event but as a celebration of cannabis culture's depth, resilience, and creativity. It's not just the ...
TerrAscend Joins the Ranks of Cannabis Firms Challenging Tax Obligations Under Section 280E
LOS ANGELES- TerrAscend Corp., a prominent cannabis multistate operator, has announced a bold strategy to contest taxes owed under Section 280E of the Internal Revenue Code, signaling a potential shift in the financial maneuvering within ...
Thailand’s Blossoming Cannabis Culture Faces Potential Clampdown
LOS ANGELES- In 2022, Thailand marked a significant milestone as the first country in Asia to fully decriminalize cannabis, igniting a vibrant and burgeoning culture around the plant's recreational use. This liberalization has fostered a ...
Vice President Harris Critiques Federal Cannabis Classification as “Absurd,” Awaits DEA Decision
NEW YORK- In a recent statement at the White House, Vice President Kamala Harris has labeled the federal classification of cannabis as “absurd,” emphasizing the administration's anticipation for the Drug Enforcement Administration (DEA) to reconsider ...
Wyoming Enacts Ban on Delta-8 THC
LOS ANGELES- Wyoming's hemp-derived cannabinoid market faces significant disruption following the recent enactment of a law banning delta-8 THC products. Republican Governor Mark Gordon's decision to sign Senate File 32 into law marks a decisive ...
Morocco’s Pioneering Cannabis Harvest Yields 294 Metric Tons Amid Legal Shift
LOS ANGELES- In a historic development for Morocco and its agricultural sector, the nation's first legal cannabis harvest has culminated in a substantial yield of 294 metric tons in 2023. This milestone follows the country's ...
Indiana’s Pioneering Psilocybin Research Bill Awaits Governor’s Approval
LOS ANGELES- In a groundbreaking legislative move, Indiana stands on the precipice of advancing psilocybin research, following the final approval of a bill aimed at exploring the substance's potential in treating various medical conditions. The ...
New Mexico’s Cannabis Industry Surpasses $1 Billion in Sales
LOS ANGELES- In an impressive show of growth and economic impact, New Mexico's burgeoning cannabis sector has crossed a significant threshold, achieving over $1 billion in sales. This landmark achievement not only highlights the increasing ...
Jamaica’s Pure Jamaican and Seven Ten Limited Forge Path in Global Cannabis Market
LOS ANGELES- In a significant stride towards global market leadership, Pure Jamaican has initiated a groundbreaking program aimed at exporting its distinctive pharmaceutical products. This includes a range of cannabinoid compounds such as THC derived ...
