Consumer Research
LIMS Market Projected to Hit $5.19 Billion by 2030
LOS ANGELES- The global Laboratory Information Management System (LIMS) market ...
Ukraine Advances Medical Cannabis Access with Support from Soros-Affiliated NGOs
LOS ANGELES- Ukraine’s State Service for Medicines and Drug Control ...
Trump Administration Proposes Elimination of Federal Protections for State Medical Cannabis Programs
LOS ANGELES- The Trump administration's fiscal year 2026 budget proposal ...
Silo Pharma Initiates Safety Study for PTSD Drug SPC-15
LOS ANGELES- Silo Pharma Inc. a developmental-stage biopharmaceutical company, has commenced a 7-day safety and toxicology study for its lead candidate, SPC-15, an intranasal treatment targeting post-traumatic stress disorder (PTSD). The study is being conducted ...
Glass House Brands to Manage The Leaf El Paseo Dispensary
LOS ANGELES- Glass House Brands Inc. and LEEF Brands Inc. have entered into a Management Services Agreement (MSA), under which Glass House will oversee operations of The Leaf El Paseo dispensary in Palm Desert, California. ...
Pennsylvania Senate Committee Rejects Cannabis Legalization Bill
LOS ANGELES- In a recent development, the Pennsylvania Senate Law and Justice Committee voted 7-3 against House Bill 1200, a proposal aimed at legalizing adult-use cannabis in the state. This decision follows the bill's narrow ...
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 ...
Montana Legislature Approves Bill to Tighten Cannabis Product Regulations
LOS ANGELES— The Montana Legislature has passed House Bill 636, introducing new restrictions on cannabis products. The Senate approved the bill with a 37–12 vote, following the House's 84–15 approval last month. House Bill ...
Kansas Governor Renews Call for Medical Cannabis Legalization
LOS ANGELES- Governor Laura Kelly has reiterated her support for legalizing medical cannabis in Kansas, urging lawmakers to advance legislation that would establish a regulated program for patients with qualifying medical conditions. Despite previous efforts, ...
Consolidation, Capital, and the Climb: Tracking U.S. Cannabis M&A and Investment Trends
NEW YORK –The U.S. cannabis industry has experienced major shifts in merger and acquisition (M&A) activity over the past year, reflecting broader trends of consolidation and strategic realignment. According to Viridian Capital Advisors, the Cultivation ...
New York Cannabis Policy Faces Criticism Amid Regulatory Challenges
LOS ANGELES- Boris Jordan, CEO of Curaleaf Holdings Inc., a multi-state cannabis operator, has publicly criticized New York Governor Kathy Hochul and state cannabis regulators, alleging that current policies are detrimental to established medical cannabis ...
Cybin Secures Additional U.S. Patent for CYB003
LOS ANGELES- Cybin Inc. a biopharmaceutical company, announced the granting of U.S. patent 12,291,499 by the United States Patent and Trademark Office. This patent pertains to pharmaceutical compositions and oral dosage forms within the company's ...
Green Thumb Industries Reports Q1 2025 Financial Results
Green Thumb Industries Inc. a U.S.-based cannabis consumer packaged goods company and owner of RISE Dispensaries, announced its financial results for the first quarter ended March 31, 2025. Financial Highlights Revenue for Q1 2025 was ...
High Tide Inc. Acquires Queen of Bud
LOS ANGELES- In a strategic move to enhance its market footprint, High Tide Inc. (Nasdaq: HITI) (TSXV: HITI), a prominent Canadian cannabis chain, has announced the acquisition of the Queen of Bud brand, including its ...
Ohio’s Innovative Approach to Cannabis Reform: Funding K9 Transition with Tax Revenue
LOS ANGELES- In a forward-thinking move, Ohio legislators are deliberating a bill designed to smooth the transition for police K9 units in the wake of the state's cannabis legalization. The proposed legislation seeks to utilize ...
Virginia’s Path to Adult-Use Cannabis Market Faces Political Hurdles
LOS ANGELES- The journey toward establishing a regulated adult-use cannabis market in Virginia is encountering significant political barriers, despite initial progress in cannabis legislation. The Commonwealth, which took initial steps towards a more progressive stance ...
Cybin Eyes $150 Million Boost Through Private Placement to Propel Psychedelic Drug Development
Cybin Inc., a firm at the forefront of psychedelic drug development, announced its plan on Wednesday to secure approximately $150 million in funding through the private placement of over 348 million common shares. This strategic ...
Washington to Eliminate 37% Tax on Medical Cannabis
NEW YORK- In a significant legislative move, Washington State has taken steps to alleviate the financial strain on medical cannabis patients by abolishing the 37% excise tax previously levied on their medicine. This decision follows ...
atai Life Sciences Advances VLS-01, A Novel DMT-Based Treatment
LOS ANGELES- atai Life Sciences a biotechnology company specializing in mental health treatments, is making strides in the development of a groundbreaking approach to treating treatment-resistant depression. Dr. Srinivas Rao, the Chief Scientific Officer, recently ...
New Study Affirms Long-Term Safety of CBD for Dogs
NEW YORK- In an era where CBD products have surged in popularity for their health benefits in humans, a new study funded by the National Animal Supplement Council (NASC) brings promising news for our four-legged ...
Arkansas Proposes Constitutional Amendment for Adult-Use Cannabis Legalization
LOS ANGELES- In a significant move towards cannabis legalization, Arkansas advocates have filed a constitutional amendment aimed at legalizing adult-use cannabis. The proposal, now awaiting review by the state attorney general's office, could see the ...
Week In Review: Curaleaf Expands Global Reach with Acquisition of Canadian Cannabis Operator; U.S. Treasury Secretary Reaffirms Support for Cannabis Banking Legislation; TerrAscend Charts New Fiscal Path Amid Cannabis Industry’s Tax Challenges
LOS ANGELES–Welcome to the far too-exciting world of cannabis and psychedelics, where it’s earnings season with updates from some of the leading MSOs outlined below, along with a helping of innovations and financial insights from ...
Week In Review: High Tide Repots Breakeven; TerrAscend say They’ve Got $26M in Tax Refunds; Cresco Still Expanding; Chicago Atlantic’s Balance Sheet Gets Better
LOS ANGELES–Welcome to the far too-exciting world of cannabis and psychedelics, where it’s earnings season with updates from some of the leading MSOs outlined below, along with a helping of innovations and financial insights from ...
Virginia Advances in THC Detection
LOS ANGELES- The Virginia Department of Forensic Science (VDFS) has made significant progress in the development of reliable methods for detecting THC and other cannabinoids in blood samples, marking a pivotal advancement in forensic science ...
Psyence Group Announces Strategic Business Moves
NEW YORK- In a series of strategic decisions aimed at refining its business focus and capitalizing on emerging opportunities within the psychedelic and palliative care industries, Psyence Group Inc has announced a comprehensive update on ...
Call for Enhanced Research and Surveillance on Ketamine Treatments
LOS ANGELES A recent publication in the Journal of American Medical Association (JAMA) Psychiatry has underscored the urgent need for increased research and surveillance in the realm of ketamine treatments. Authored by Dr. Samuel T. ...
North Carolina Welcomes Its First Adult-Use Cannabis Dispensary on Tribal Land
NEW YORK- In a groundbreaking move for North Carolina's cannabis industry, the Eastern Band of Cherokee Indians is poised to unveil the state's inaugural adult-use cannabis dispensary. Slated for an April 20th opening, this development ...
NYC Councilwoman Accuses Landlord of Aiding Illegal Cannabis Shop
NEW YORK- In a conflict highlighting the challenges of regulating the burgeoning cannabis market in New York City, Gale Brewer, an Upper West Side Councilwoman, has accused a local landlord of facilitating the operation of ...
MariMed Reports Fourth Quarter and Full Year 2023 Earnings
NEW YORK- MariMed Inc., based in Massachusetts and operating across several states, reported its financial outcomes for the fourth quarter and the full year of 2023, revealing both achievements and challenges within a competitive cannabis ...
Florida Senate Approves Stringent Hemp Regulation Bill
LOS ANGELES- In a decisive move that could reshape the landscape of the hemp industry in Florida, the state legislature has passed a bill aimed at regulating hemp-derived products, including the prohibition of certain natural ...
MedMen’s Turbulent Journey
LOS ANGELES- MedMen Enterprises, once hailed as a titan in the cannabis industry, faces a starkly uncertain future as it shuts down the majority of its dispensaries in California, its home state. The closures, which ...
Ohio Moves to Drastically Reduce Medical Cannabis Registration Fee to One Cent
LOS ANGELES- In a significant step toward making medical cannabis more accessible to patients, Ohio has announced plans to reduce the registration fee for medical cannabis patients to a nominal one cent. This move, aimed ...
U.K.’s Medical Cannabis Use Rises Amid ADHD Medication Shortage
NEW YORK- The United Kingdom is witnessing a notable shift towards medical cannabis as an alternative treatment for Attention-Deficit/Hyperactivity Disorder (ADHD) amid a severe shortage of stimulant-based medications. The scarcity of these essential drugs has ...
Florida’s Cannabis Legislation: A Delicate Balance Between Reform and Regulation
LOS ANGELES- In Florida, a state on the cusp of major cannabis reform, recent legislative endeavors have sparked a complex dialogue about the future of cannabis regulation. Proposals for stringent THC potency caps, even before ...
Thailand’s Shift: From Decriminalization to Recreational Cannabis Ban
LOS ANGELES- Thailand's journey with cannabis policy has taken a significant turn as the nation's health minister, Cholnan Srikaew, announced plans to reinstate a ban on recreational cannabis use by the end of the year. ...
Obituary: Troy Datcher: CEO The Parent Company
LOS ANGELES- Troy Datcher, board chair of Gold Flora Corp. and a prominent Black leader in the cannabis industry, died Feb. 26 after a brief hospitalization. He was 55. Originally from Alabama, Datcher is mourned ...
Limits on the Installment Method of Accounting For Gain
By Rachel Wright, Simon Menkes, & Abraham Finberg- CPAs licensed in California of AB FinWright LLP & 420CPA, and Andrew Gradman, Esq of Andrew Gradman Tax This is Part II of II of our series ...
Verano Holdings Financial Highs and Lows in 2023
LOS ANGELES- Verano Holdings, a player in the cannabis industry, showcased a mixed financial performance for the year ending December 31, 2023. The company reported a significant revenue uptick, reaching $938 million, marking a 7% ...
