Consumer Research
Massachusetts Cannabis Rollback Gains Legislative Traction
BOSTON – State election officials have validated more than 78,000 ...
Psyence BioMed Ventures into Psilocybin’s Role in Aging Research
NEW YORK – Psyence BioMedical Ltd. disclosed its entry into ...
Kenyan MP Advocates for Regulated Cannabis Framework
NAIROBI – Peter Kalerwa Salasya, the outspoken member of Parliament ...
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 ...
Glass House Brands Marks Milestone as First U.S. Cannabis Stock Tradable on Robinhood
LOS ANGELES – Glass House Brands Inc. began trading on the Robinhood app this week, opening the door for a broader swath of retail investors to access shares in a vertically integrated multistate Cannabis operator. ...
Cannabis Industry Eyes Quadrupled Growth Through 2033, Research and Markets Reports
LOS ANGELES – A new report from Research and Markets forecasts the global Cannabis market will expand from $39.1 billion in 2024 to $151.72 billion by 2033, reflecting a compound annual growth rate (CAGR) of ...
Trump’s Tariffs Drive Up Costs for U.S. Cannabis Businesses
LOS ANGELES – President Donald Trump's expanded tariff regime, rolled out in stages since February, is delivering a sharp cost increase to the U.S. Cannabis sector, which depends heavily on imported components for cultivation, packaging, ...
Jushi Secures $4M in Revised FVCBank Loan
BOCA RATON – Jushi Holdings Inc. has adjusted the terms of its secured loan with FVCBank, gaining an extra $4 million in funding while pushing back the repayment deadline and trimming interest costs. The changes, ...
Grown Rogue Takes Full Ownership of Illinois Cultivation Project
MEDFORD – Grown Rogue International Inc. has acquired the remaining 30% stake in its Illinois subsidiary, Rogue EBC LLC, for $1.5 million. The transaction, announced Sunday, brings the company's ownership to 100% and clears the ...
Winners and Losers in Cannabis: The Efficiency Divide
LOS ANGELES — The U.S. Cannabis industry is evolving—but not in the way headlines suggest. Yes, national retail sales remain strong at a $32 billion annualized pace. And yes, states like New York and Ohio ...
From Cherokee to California: The New Bipartisan Crackdown on ‘Kid-Friendly’ Cannabis Marketing
LOS ANGELES- The California Department of Cannabis Control (DCC) issued fresh guidance this week reminding licensees that marketing, packaging, and labeling that could appeal to minors is strictly prohibited under MAUCRSA. It specifically highlighted bright ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – Investors and operators tuned in closely over the past fortnight as political signals rippled through boardrooms and trading floors, underscoring the sector's knack for turning headlines into hard dollars. Federal nods to ...
Target Quietly Enters the THC Beverage Market — As Republicans Push to Recriminalize Hemp
LOS ANGELES- Target — one of America’s largest retailers — has quietly begun stocking THC-infused beverages at select stores in Minnesota, signaling one of the most significant steps yet in the mainstreaming of Cannabis consumer ...
Filament Health Receives Authorization for Phase 2 Clinical Trial of Psilocybin for MAUD Treatment
LOS ANGELES- Filament Health, a psychedelic drug development company, has received authorization from Health Canada and the United States Food and Drug Administration (FDA) to conduct a Phase 2 clinical trial of its botanical psilocybin ...
Japan to Accept Public Comments on Cannabis Reform Bill
WORLD- The Japanese government announced on May 30 that it will begin accepting public comments on its cannabis reform bill, which includes potential measures to loosen restrictions on processing CBD in food products. This move ...
Few Pardons Issued for Cannabis Crimes in Canada Since 2019 Reforms
LOS ANGELES- Despite the federal government’s estimate that 10,000 Canadians would be eligible for conviction relief following the legalization of cannabis in 2018, only 845 pardons have been granted since 2019. Data from the Parole ...
South Africa Legalizes Cannabis for Personal Use
LOS ANGELES- South Africa has become the first country in Africa to legalize cannabis for personal use. The Cannabis for Private Purposes Act was signed into law by President Cyril Ramaphosa on May 28, just ...
Red Light Holland Completes Initial Phase of Psilocybin Extraction
LOS ANGELES- Red Light Holland Corp. a company specializing in the production and sale of functional mushrooms and psilocybin truffles, announced the successful completion of the first phase of psilocybin extraction. This milestone was achieved ...
Optimi Health to Export MDMA and Psilocybin Capsules to Australia
LOS ANGELES- a Health Canada licensed GMP psychedelics pharmaceutical manufacturer, announced it has received an import permit from Mind Medicine Australia (MMA) to supply its GMP MDMA and psilocybin capsules to approved psychiatrists under Australia’s ...
DeSantis Expected to Veto Hemp Bill Limiting THC Levels
LOS ANGELES- Florida Governor Ron DeSantis is anticipated to veto Senate Bill 1698, which aims to restrict the sale of hemp-derived products containing delta-8 THC, delta-9 THC, and delta-10 THC. The bill has faced significant ...
FDA Advisory Panel to Review MDMA for PTSD Treatment
LOS ANGELES- Earlier today, staff from the U.S. Food and Drug Administration (FDA) expressed concerns regarding the interpretation of data from trials on the psychedelic drug MDMA for treating post-traumatic stress disorder (PTSD). These concerns ...
10th Annual CWCBExpo Returns to New York, June 5 & 6 with Expanded Show Experiences, Education, and Networking Opportunities
NEW YORK—The leading East Coast cannabis conference and trade show, CWCBExpo, returns to the Javits Convention Center, June 5-6, 2024 with immersive exhibit floor experiences, top education as well as plenty of business building opportunities ...
Cansortium and RIV Capital to Merge, Expanding Cannabis Footprint Across Four States
LOS ANGELES- Cansortium, a Florida-based vertically integrated cannabis operator, is set to merge with RIV Capital, operator of the Etain Health cannabis brand in New York. Under the merger terms, Cansortium will acquire all issued ...
Missouri Allocates $19 Million in Cannabis Tax Revenue to Veterans, Treatment Programs, and Public Defense
LOS ANGELES- Missouri's cannabis tax revenue has generated over $19 million, which has been allocated to support military veterans, expand substance use treatment programs, and fund the state's Public Defenders System, according to the Missouri ...
Numinus Wellness Inc. Selected for Cybin’s Phase 3 Trial on Depression Treatment
NEW YORK- Numinus Wellness Inc. announced that its research site, Cedar Clinical Research (CCR), has been chosen for Cybin's Phase 3 clinical trial of CYB003, aimed at treating Major Depressive Disorder (MDD). This selection highlights ...
Canopy Growth Reports Q4 and Fiscal Year 2024 Financial Results
LOS ANGELES- Canopy Growth Corp. announced its financial results for the fourth quarter and fiscal year ending March 31, 2024, indicating progress in alleviating financial pressures faced in 2023. Q4 and Full-Year Financial Performance In ...
Scotts Miracle-Gro’s RIV Capital to Merge with Cansortium in Cannabis Tie-Up
MIAMI- In a strategic move to consolidate and strengthen their positions in the cannabis industry, Florida-based Cansortium Inc. has announced an all-stock merger with RIV Capital Inc., a company backed by Scotts Miracle-Gro Co. The merger ...
Study Finds Cannabis Sativa Oil Enhances Social Interaction via Oxytocin Pathway
NEW YORK- A study titled "Cannabis Sativa Oil Promotes Social Interaction and Ultrasonic Communication by Acting on Oxytocin Pathway" has been published in the journal Cannabis and Cannabinoid Research, and made available online by the ...
Tennessee Hemp Seizure Raises Questions About Drug Law Enforcement
NEW YORK- A recent legal dispute has highlighted significant issues in the enforcement of drug laws, centering on the seizure of over $1 million worth of legal hemp products. This incident has sparked a debate ...
Michigan’s Cannabis Market Thrives Amid Legalization Trends
LOS ANGELES- The cannabis industry in Michigan has experienced significant growth, with both recreational and medical cannabis sales reaching notable figures in recent months. This surge reflects broader trends in the legalization and consumption of ...
Atlanta City Council Considers Psychedelic Therapies for Employee Healthcare
LOS ANGELES- A proposal from an Atlanta City Council member is under consideration, aiming to include coverage for psilocybin and ketamine as mental health treatments in the city's healthcare plan for firefighters, police, and other ...
VA Prepares for Potential Deployment of Psychedelic Treatments for PTSD
LOS ANGELES- The U.S. Department of Veterans Affairs (VA) is strategizing the rapid deployment of psychedelic treatments for mental health disorders, should such therapies receive FDA approval. A planning document, reportedly reviewed by The Intercept, ...
California Advocates Consider 2026 Ballot Measure for Psychedelics Reform
Following the recent failure of a state bid to legalize psychedelic treatment centers, California advocates are considering a state ballot measure to address psychedelics reform in 2026, according to a report by KQED. State Senator ...
Minnesota Prepares for Cannabis Market with New Legislation
LOS ANGELES- Minnesota will allow some commercial cultivators to begin growing cannabis later this year in preparation for the state's upcoming retail market. The state will award cannabis business licenses through a vetted lottery system ...
Texas Poll Shows Majority Support for Cannabis Legalization
LOS ANGELES- A statewide poll in Texas has revealed that six out of 10 adults support legalizing cannabis, marking the first time the poll has shown a solid majority. The Texas Lyceum Poll, now in ...
Martha’s Vineyard Dispensary Sues for Cannabis Transport Rights
LOS ANGELES- A dispensary in Martha’s Vineyard, Massachusetts, has filed a lawsuit against the state Cannabis Control Commission (CCC) over rules prohibiting the transport of cannabis products by boat across the Vineyard Sound. The lawsuit, ...
Hemp THC Products Face Potential Ban Under Farm Bill Amendment
LOS ANGELES- An amendment to the House version of the Farm Bill aims to ban the sale of hemp-derived delta-8 THC and other intoxicating hemp products. Proposed by Illinois Republican Rep. Mary Miller, the amendment ...
New York Imposes $15.2 Million Fine on Owner of Unlicensed Cannabis Shops
NEW YORK- The owner of seven unlicensed cannabis shops in New York has been fined $15.2 million for operating without a license, ignoring multiple official notices, and selling cannabis to underage customers. New York Attorney ...
