Consumer Research
Planet 13 Reports Q1 2026 Financial Results
LAS VEGAS – Planet 13 Holdings Inc. released its first-quarter ...
Safe Harbor Targets Retirement Gap in Cannabis Workforce
DENVER – Safe Harbor Financial is extending its reach deeper ...
AtaiBeckley Reports Expanded Phase 2a Data for EMP-01 in Social Anxiety Disorder
NEW YORK – AtaiBeckley Inc., the clinical-stage biopharmaceutical firm born ...
Gilgamesh Pharma Raises $60M to Fund Its Remaining Neuropsychiatric Assets
NEW YORK – Gilgamesh Pharma, the clinical-stage neuroscience company formed last year after AbbVie acquired its predecessor’s lead psychedelic-derived program, announced it had completed an oversubscribed $60 million Series A financing. The round was led ...
The ROI Investors Are Ignoring Within the Cannabis Industry
LOS ANGELES- Industrial hemp has more ROI potential than the medicinal and intoxicating side for a simple reason: industrial hemp is a raw material that can be swapped into enormous existing markets, while medicinal products ...
The 2nd Annual Cannalaugh Kicks Off March 28 in Chicago
CHICAGO- CannaLaugh, a live event series combining nationally touring stand-up comedians with cannabis education, will host its second annual event on March 28. The event, scheduled to take place at the Galleria Chicago at 9 ...
Cresco Labs Reports Q4 and Fiscal Year 2025 Financial Results
CHICAGO – Cresco Labs Inc. released its fourth-quarter and full-year 2025 earnings, showing revenue of $162 million for the final three months and a focus on cash flow amid industry pressures. The company generated $656 ...
Alabama Gears Up for Medical Cannabis Launch in April
MONTGOMERY – After years of legal hurdles and regulatory delays, Alabama's medical Cannabis program appears on track for an April start, with dispensaries poised to open doors to qualified patients. The Alabama Medical Cannabis Commission ...
Aurora Ditches Adult-Use Cannabis Market for Medical Focus
EDMONTON – Aurora Cannabis Inc. has completed its transition away from Canada's adult-use market to concentrate fully on medical Cannabis, targeting more profitable regulated opportunities overseas. Chief Financial Officer Simona King revealed the strategy during ...
Connecticut Lawmakers Expand Psychedelics Access
HARTFORD – Connecticut's Joint Committee on Public Health approved a bill that broadens the state's pilot program for psychedelic-assisted therapy, opening it to adults beyond just veterans and first responders. The measure, Senate Bill 191, ...
WSWA Launches Educational Resource on Hemp Beverage Regulation
WASHINGTON – The Wine & Spirits Wholesalers of America (WSWA), the national trade association representing U.S. wine and spirits distributors, announced the rollout of a new online microsite outlining facts and policy options for overseeing ...
AbbVie Secures First Psychedelic PRIME Designation in Europe
BRUSSELS – The European Medicines Agency (EMA) has granted Priority Medicines (PRIME) eligibility to bretisilocin, an investigational compound from AbbVie Inc. aimed at treating major depressive disorder (MDD). The decision adopted at the Committee for ...
Vireo Growth Completes Schwazze Assets Acquisition
MINNEAPOLIS – In a move that instantly reshapes the competitive map in two key Cannabis states, Vireo Growth Inc. has completed its acquisition of major assets from Schwazze, gaining control of dozens of established dispensaries ...
Massachusetts Ballot to Decide on Psychedelics Legalization in November
LOS ANGELES- Massachusetts voters are set to decide on a significant measure this November with Question 4, a ballot initiative to legalize certain plant-based psychedelics, including psilocybin, mescaline, and dimethyltryptamine (DMT). If approved, Massachusetts would ...
France: The Investment Landscape of the Medical Cannabis Sector
PARIS — Encouraged by the advances of Germany, the investment climate in France's medical cannabis industry is evolving on a promising trajectory, marked by a transition from a history of strict prohibition and stigma to ...
Cannabis Opportunities in Germany: Positive Outlook for Investment and Innovation
BERLIN — The investment climate in Germany's cannabis market is poised for significant expansion, driven by the global cannabis legalization movement, ongoing regulatory changes, and mounting community and market demand. As the country embraces a ...
European Cannabis Update: Embracing the Growing Dutch Medical Cannabis Market
EUROPE — As a pioneer in the recognition and regulation of the medical use of cannabis, the Netherlands has emerged as a prominent hub for cannabis investment, driven by a combination of progressive policies, established ...
Shared Liability in Cannabis: A Smarter Approach to Managing Employee Compliance with Paylient
LOS ANGELES — As the cannabis industry continues to grow, so do the challenges that come with managing employees within a highly regulated environment. From payroll and benefits to labor compliance and HR management, cannabis ...
The Rise of the Clean Label Movement in Cannabis
LOS ANGELES — Consumer preferences in the cannabis market are evolving toward healthier and more transparent products. By 2024, the global cannabis market is projected to reach $57 billion, driven largely by the increasing legalization ...
U.S. States Prepare for Key Cannabis Ballot Measures in November
LOS ANGELES- Voters in several U.S. states will soon weigh in on significant cannabis-related ballot initiatives, potentially leading to broader legalization nationwide. On November 5, 2024, Florida, North Dakota, South Dakota, Nebraska, Arkansas, and Oregon ...
Criticism Mounts Over New York’s Social Equity Cannabis Fund for High Costs and Limited Impact
LOS ANGELES- New York’s Social Equity Cannabis Investment Fund, a public-private initiative launched to support individuals disproportionately affected by cannabis prohibition, has faced growing criticism over its high operating costs and limited results. Since its ...
Delaware Awards First Cannabis Cultivation and Manufacturing Licenses in Initial Lottery
LOS ANGELES- Delaware has initiated its adult-use cannabis licensing process, awarding the first cultivation and manufacturing permits through a lottery held on October 24, 2024. This inaugural lottery, organized by the Office of the Marijuana ...
Cybin Secures Patent for CYB005 Program in Push for New CNS Disorder Treatments
LOS ANGELES- Cybin Inc., a neuropsychiatric biopharmaceutical company, announced that it has secured a U.S. patent (No. 12,122,741) covering the composition of matter for key molecules in its CYB005 program. This patent represents a strategic ...
Unlicensed New York Cannabis Retailer Hit with $9.5 Million Judgment
LOS ANGELES- A New York Supreme Court judgment has ordered George West, owner of Jaydega 7.0 in Canandaigua, to pay $9.5 million after findings that his business sold cannabis products without the required state license. ...
Cannabis Vape Crisis Raises Key Questions About Cannabis Product Safety
LOS ANGELES — The vape contaminant crisis has significantly impacted the cannabis industry, raising crucial questions about product safety and consumer awareness. Amid this complex landscape, several industry leaders are working to address these issues ...
EU Investigates Italy’s Proposed Ban on CBD and Hemp Flowers
LOS ANGELES- The European Commission has launched an investigation into the Italian government’s proposed ban on CBD and hemp flowers, following concerns that the move may violate EU regulations. Italy's far-right government, under Prime Minister ...
South Dakota Cannabis Legalization Measure Faces Tight Race Ahead of 2024 Election
LOS ANGELES- Cannabis legalization advocates in South Dakota are facing an uphill battle ahead of the 2024 election. According to a recent Emerson College Poll, conducted in partnership with KELO-TV and *The Hill*, 50% of ...
Alabama Judge Appoints Mediator in Medical Cannabis Licensing Dispute
LOS ANGELES- A judge in Alabama has appointed a mediator to help resolve the ongoing legal dispute surrounding the state's medical cannabis licensing process. Montgomery Circuit Judge James Anderson selected retired Judge Eugene Reese to ...
Exploring the Framework: Investing in the Polish Medical Cannabis Market
EUROPE — While global attitudes toward cannabis shift from skepticism to acceptance, Poland, as a member of the European family, stands as a beacon of centuried cultivation, traditions, resilience, innovation, and economic growth. With its ...
Discovering Investment Opportunities in Italy’s Cannabis Market
EUROPE — The medical cannabis industry in Italy is undergoing a transition period, showing a significant transformation and investment potential, driven by an evolving regulatory framework and growing public acceptance. Since the legalization of medical ...
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 ...
