Consumer Research
Cresco Labs Closes Pennsylvania Dispensary Deal
CHICAGO – Cresco Labs Inc. announced the closing of its ...
LEEF Brands Reports Q2 2026 Financial Results
VANCOUVER – LEEF Brands Inc. posted gross profit up 62% ...
ACT LAB Enters NJ Cannabis Market with Sriven Labs Acquisition
TRENTON – ACT LAB, a Cannabis and hemp testing and ...
Khalifa Kush Enters Australia Through Endoca Distribution Deal
LOS ANGELES – Khalifa Kush, the Cannabis brand founded by rapper Wiz Khalifa, has struck a distribution agreement with Australian medicinal Cannabis company Endoca to bring its flower, edibles and vape cartridges to patients across ...
Otsuka Completes $1.23B Buyout of Transcend Therapeutics
PRINCETON – Otsuka America, the U.S. subsidiary of Otsuka Pharmaceutical Co., Ltd., announced that it has completed its acquisition of Transcend Therapeutics, a New York biotechnology company developing rapid-acting treatments for neuropsychiatric disease. First disclosed ...
North Carolina Lawmakers Unite Behind Psychedelic Research Bill for Veterans
RALEIGH – NC Lawmakers from both parties held a press conference at the General Assembly to support legislation that would direct state funding toward research on psilocybin, MDMA, and ibogaine as treatments for PTSD and ...
Apollo Acquires Emerald in $1.5B Deal: What’s Next for MJBizCon?
LOS ANGELES – Apollo Global Management Inc., one of the world's most powerful alternative asset firms, announced that its managed funds have entered into definitive agreements to acquire Emerald Holding, Inc., the owner of MJBizCon ...
Ascend Wellness Shuts Down Lansing Cultivation Facility
LANSING – In a move that reflects ongoing adjustments in Michigan’s Cannabis sector, Ascend Wellness Holdings is shutting down operations at its Lansing cultivation site. The decision comes after a fire late last year and ...
Cannabis and Alcohol Push Back Against Proposed Hemp Regulation Bill
WASHINGTON – Competing industry interests are shaping the debate over federal hemp policy as lawmakers weigh alternatives to an impending ban on many hemp-derived products. A new legislative effort highlights the tensions between established markets ...
Research and Markets Report Sets a $28B Target on Cannabis Tech
DUBLIN – The Cannabis industry has transformed from plant cultivation to infrastructure development. Today, institutional-grade technologies reshape the way the global supply chain works, and the numbers behind this evolution are capturing the attention of ...
High Tide Secures C$40M Credit Approval, Expands Ontario Footprint with Northern Helm Acquisition
CALGARY – High Tide Inc. continues to build its position as a major player in Canadian Сannabis retail. The company, which operates the Canna Cabana chain, signed a definitive agreement to acquire four Ontario retail ...
Vireo Growth to Acquire Nevada-Based C21 Investments
MINNEAPOLIS – In a move that underscores ongoing efforts by larger players to strengthen their positions in key state markets, Vireo Growth Inc. and C21 Investments Inc. have entered into a definitive arrangement agreement. The ...
Viridian Reports a Substantial Increase in Cannabis M&A Deals
LOS ANGELES – Merger and acquisition (M&A) activity in the legal Cannabis sector posted a notable year-over-year increase in Q1 2026, according to the Q1 2026 Cannabis Deal Tracker Report published by Viridian Capital Advisors, ...
Week In Review: Cansortium Completes Merger with RIV Capital; Cannabis Industry Forecast for 2025: A Year of Transformation; MariMed Launches Wholesale Cannabis Operations in Missouri; Aurora Cannabis Expands Distribution in Australia
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 In Review: Bipartisan Legislation for Expungement of Pardoned Federal Offenses; Trump’s Appointments & Future of Federal Cannabis Policy; Federal Restrictions on Cannabis Sales in Washington
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 ...
Portugal Eyes Leadership Role in Global Medical Cannabis Market
LOS ANGELES- Portugal is positioning itself as a significant player in the medical cannabis industry, leveraging its favorable climate and regulatory framework to boost production and exports. In 2023, the country exported nearly 12,000 kilograms ...
Hemp Industry Anticipates Expansion
LOS ANGELES- The U.S. Hemp Roundtable, a leading advocacy organization for the hemp sector, has strengthened its leadership by appointing two prominent figures from the hemp beverage industry. In September 2024, Art Massolo, Vice President ...
Federal Restrictions on Cannabis Sales in Washington
LOS ANGELES- A coalition of Republican lawmakers and Washington, D.C. officials is advocating for the removal of federal restrictions that prevent the District from regulating and taxing cannabis sales. During a recent House Appropriations subcommittee ...
Illinois Cannabis Market Leads in Diversity with 100th Social Equity Dispensary
LOS ANGELES- In July 2024, Illinois marked a significant milestone by opening its 100th social equity-owned cannabis dispensary, underscoring the state's commitment to fostering diversity within the industry. A comprehensive study by the Cannabis Regulation ...
Massachusetts Cannabis Market Sees Surge in Strain Diversity
LOS ANGELES- As of December 2024, Massachusetts' legal cannabis market boasts 740 active strains, marking a 29% increase from the 572 strains available in December 2023 and an 84% rise from 401 strains in December ...
Arizona Cannabis Sales and Tax Revenue: Recent Trends and Milestones
LOS ANGELES- In October 2024, Arizona's cannabis industry experienced a modest rebound, with recreational marijuana sales reaching $75.3 million, up from $67.3 million in September. Despite this month-over-month increase, sales remained below the previous year's ...
Trump’s Appointments and the Future of Federal Cannabis Policy
LOS ANGELES- The Trump administration’s recent appointments have raised questions about the trajectory of federal cannabis policy. With nominees holding diverse views on legalization and regulation, the decisions made in the coming months will play ...
Oh Cannabis, An Industry Is Yet To Land…
TORONTO—It didn’t have to be this way. I mean, in spite of what so many whinge and whine about, Canada had a lot to leverage. Canada is pretty big, with a population of about 40 ...
Dennis Peron: The Gay Revolutionary Who Pioneered Medical Cannabis in America
SAN FRANCISCO-Dennis Peron, the "Father of Medical Marijuana," is a towering figure in the history of cannabis advocacy. His relentless dedication to compassion and justice not only changed the lives of countless patients but also ...
Bipartisan Legislation Introduced to Facilitate Expungement of Pardoned Federal Offenses
LOS ANGELES- On November 22, 2024, Representative Kelly Armstrong (R-ND) introduced H.R. 10248, known as the Weldon Angelos Presidential Pardon Expungements Act, in the U.S. House of Representatives. The bill, which has been referred to ...
Global Developments in Cannabis Legalization in 2023
LOS ANGELES- In 2023, several countries made significant strides in cannabis legalization, reflecting a global shift in drug policy. Germany's Legislative Progress Germany advanced toward legalizing cannabis for adult use, aiming to become the European ...
RIV Capital’s Revenue Doubles Amid New York Cannabis Market Expansion
LOS ANGELES- RIV Capital Inc. reported a significant increase in net revenue for the third quarter ending September 30, 2024, achieving $4.9 million—a 28% rise from the previous quarter and a 186% surge compared to ...
Cannabis Industry Faces Rising Threat of Ransomware Attacks
LOS ANGELES- The cannabis industry is increasingly becoming a target for ransomware attacks, with the Everest Ransomware group recently focusing on this sector. In November 2024, two cannabis operators were listed as victims on Everest's ...
Michigan Transfers Hemp Regulation to USDA
LOS ANGELES- Michigan has concluded its state-managed industrial hemp program, transitioning regulatory oversight to the U.S. Department of Agriculture (USDA) effective January 1, 2025. This shift, prompted by the enactment of House Bill 5977, dissolves ...
Psychedelic Drugs Market Poised for Growth: From $0.7B in 2022 to $2.6B by 2032
The global psychedelic drugs market is projected to expand from $0.7 billion in 2022 to $2.6 billion by 2032, reflecting a compound annual growth rate (CAGR) of 13.4%.According to Allied Market Research This growth is ...
Oklahoma to Launch State-Run Cannabis Testing Lab for Industry Oversight by February 2025
LOS ANGELES- Oklahoma is preparing to launch a state-operated cannabis testing laboratory in February 2025, aiming to enhance the accuracy and reliability of product assessments within the state's medical cannabis industry. This initiative addresses longstanding ...
Climate First Bank Introduces Cannabis-Focused Financial Services in Florida
LOS ANGELES- Climate First Bank, headquartered in Orlando, Florida, has introduced specialized banking services tailored for the cannabis industry. This initiative aims to address the financial challenges faced by cannabis businesses, particularly in accessing traditional ...
Florida’s Cannabis Legalization Measure Fails Despite Majority Support
LOS ANGELES- In the recent election, Florida's Amendment 3, which proposed the legalization of recreational cannabis for adults aged 21 and over, received 56% voter support. However, it fell short of the 60% supermajority required ...
DEA Postpones Cannabis Rescheduling Hearings to 2025
LOS ANGELES-The U.S. Drug Enforcement Administration (DEA) has postponed its hearings on the proposed rescheduling of cannabis under the Controlled Substances Act (CSA) to early 2025. The delay follows a preliminary order from Chief Administrative ...
The Vegas Classic: A Premier B2B Networking Event in Partnership with MJBiz
LAS VEGAS- As the cannabis industry continues to evolve and expand, networking, collaboration, and innovative partnerships are more critical than ever. That’s why we’re incredibly excited to introduce The Vegas Classic, an exclusive B2B networking ...
Ohio Legislature Considers Ban on Intoxicating Hemp Products
LOS ANGELES- Ohio lawmakers are evaluating Senate Bill 326, introduced by State Senator Steve Huffman (R-Tipp City), which aims to prohibit the sale of intoxicating hemp products. The proposed legislation defines such products as those ...
Breadstack: Is This The Winning Formula for Cannabis eCommerce?
LOS ANGELES—As a founding member of the Cannabis Open Standards Technology Alliance (COSTA), Breadstack has firmly established itself as a trailblazer in cannabis e-commerce. Based in Canada, the company has risen to meet the unique ...
HYTN Innovations Secures UK Import Permits and Initial Order from 4C Labs
LOS ANGELES- HYTN Innovations Inc., a pharmaceutical company specializing in psychoactive and psychotropic compounds, including cannabis and psilocybin, has received initial orders and import permits from the United Kingdom's 4C Labs. This development enables HYTN ...
