Consumer Research
BLAZE Launches Herbie AI Budtender for Cannabis E-Commerce
ANAHEIM – BLAZE, an AI-powered retail technology suite specifically designed ...
Virginia Moves Toward Adult-Use Cannabis Sales While U.S. Policy Remains Uneven
RICHMOND- Virginia may finally close one of the most unusual ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – The Cannabis and Psychedelics sectors delivered clear ...
New 2026 Farm Bill Draft Targets Industrial Hemp Burdens
WASHINGTON – House Agriculture Committee Chairman Glenn Thompson (R-PA) introduced a new Farm Bill draft (Farm, Food, and National Security Act of 2026), proposing changes that would ease certain federal requirements for industrial hemp growers. ...
Compass Pathways Advances in Second Phase 3 Trial for Psilocybin-Assisted TRD
LONDON – Compass Pathways PLC ADR, a UK-based mental health biotech company, announced that its second Phase 3 trial met the primary endpoint in evaluating COMP360, a synthetic formulation of psilocybin, for treatment-resistant depression (TRD). ...
350 Retail Cap and Tier V Cultivation Limits: What Virginia’s Scarcity Model Means for License Strategy
RICHMOND- Virginia’s adult-use design is built on scarcity and structural oversight. The 350 retail cap materially limits market density, shaping site selection and long-term valuation models. Tier V cultivation remains limited to five large operators. ...
Chicago City Council Sets Intoxicating Hemp Products Off Limits, Beverages Still in The Game
CHICAGO – The City Council voted 32-16 to restrict sales of most intoxicating hemp-derived products across the city, carving out an allowance for THC-infused beverages while imposing immediate curbs on purchases by minors. The measure, ...
Florida Cannabis Initiative Nears Signature Goal
TALLAHASSEE – Organizers of a proposed constitutional amendment to legalize recreational Cannabis in Florida reported a sharp increase in verified voter signatures, bringing their total to 760,002 and narrowing the gap to the threshold needed ...
The Bipartisan HEMP Act Targets Federal Rules for Hemp-Derived CBD
WASHINGTON – Representatives Morgan Griffith, a Republican from Virginia, and Marc Veasey, a Democrat from Texas, introduced a bill on Friday to set the first national standards for hemp-derived CBD products, placing oversight with the ...
High Times Brings Back Cannabis Cup to New York
LOS ANGELES – Josh Kesselman, the entrepreneur behind RAW® Rolling Papers and recent steward of High Times magazine, has revived the storied Cannabis Cup competition in New York, setting it up to be the first ...
New Hampshire House Advances Bill to Regulate Medical Psilocybin Use
CONCORD – The New Hampshire House of Representatives has given initial approval to a bipartisan measure that would establish a state program allowing supervised therapeutic access to psilocybin for qualifying medical conditions. House Bill 1809, ...
As November Looms, the Intoxicating Hemp Industry Carries On — Calmly, Confidently, and Perhaps Optimistically
NEW YORK - Across the United States, the intoxicating hemp sector is behaving as though November 2026 is just another month on the calendar — not a potential regulatory cliff. That’s when new federal restrictions, ...
OPINION: The Cannabis Industry That Left Black America Behind
LOS ANGELES- America’s legal Cannabis industry loves to tell a redemption story: a plant once criminalized is now regulated, normalized, and generating billions in tax revenue. But redemption for whom? Black History Month shouldn’t just ...
Cannabis Industry Reacts to Trump’s Endorsement of Florida Legalization Initiative
LOS ANGELES- Former President Donald Trump's recent endorsement of Florida's Amendment 3, which seeks to legalize recreational cannabis in the state, has sparked immediate responses from key figures in the cannabis industry. The proposed constitutional ...
DEA’s Postponement of Cannabis Rescheduling Raises Uncertainty for Industry
LOS ANGELES- The Drug Enforcement Administration (DEA) has delayed the decision to reschedule cannabis under the Controlled Substances Act (CSA) until after the 2024 presidential election, creating significant uncertainty in the ongoing cannabis reform debate. ...
Red Light Holland Reports Q1 2025
LOS ANGELES- Red Light Holland, an Ontario-based corporation specializing in the production, growth, and sale of functional mushrooms, mushroom home grow kits, and psilocybin truffles, has announced its financial and operational results for the three ...
Pakistan Enters Global Hemp Market with Plans for 2025 Cultivation
LOS ANGELES- Pakistan is set to join the global hemp market by allowing commercial cultivation of hemp beginning in January 2025. This strategic move is aimed at enhancing the country’s economy through increased foreign exchange ...
Curaleaf Reports Revenue Growth in Q2 2024
LOS ANGELES- Curaleaf Holdings, Inc. reported a net loss of $49.8 million for Q2 2024, bringing its year-to-date losses to over $100 million. Despite these losses, the company achieved a 2% increase in revenue, reaching ...
Awakn Life Sciences Advances Phase 3 Trial for Alcohol Use Disorder Treatment
LOS ANGELES- Awakn Life Sciences Corp. announced the screening of its first patient for the Phase 3 trial of AWKN-001, a new treatment targeting severe Alcohol Use Disorder (AUD). The trial, known as MORE-KARE, represents ...
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 ...
