Consumer Research
OPINION: The Looming Federal Clampdown on THC Drinks and Hemp-Derived Edibles: What It Means for the Industry
NEW YORK- The quiet addition of a single paragraph in ...
New Mexico Cannabis Market Edges Toward $2B in Total Sales
ALBUQUERQUE – New Mexico's Cannabis industry has recorded $1.9 billion ...
Texas Regulators Set Age Limit on Hemp-Derived THC Sales
AUSTIN – The Texas Alcoholic Beverage Commission (TABC) voted unanimously on Tuesday to bar liquor-license holders from selling hemp-derived THC products to customers under 21, marking the state's initial response to Governor Greg Abbott's call ...
High Tide Expands Canna Cabana Footprint in Ontario and Alberta
CALGARY – High Tide, Inc. announced plans to open three new Canna Cabana stores in the coming weeks, adding dispensaries in North York and Etobicoke, Ontario, and Fort McMurray, Alberta. The move pushes the company's ...
Porter’s Five Forces Unpack Cannabis Sector Pressures: Insights for 2025 Investors
LOS ANGELES – The boards of multi-state operators and decision-makers orchestrating Cannabis deals, investors and analysts, the experts behind cultivation ops in emerging markets and the multilevel executives in our industry often turn to a ...
Ricky Williams Urges Trump to Advance Cannabis Rescheduling Despite Policy Pushback
WASHINGTON – Retired NFL player Ricky Williams has renewed calls for President Trump to reclassify Cannabis to Schedule III, positioning the change as vital for medical access and economic stability in an op-ed that highlights ...
Cannabis Stocks Climb 79% in a Month, But Path to Past Highs Remains Uncertain
LOS ANGELES – Publicly traded Cannabis companies have seen sharp gains recently, with the AdvisorShares Pure US Cannabis ETF (MSOS) climbing about 79% over the past month. This rally prompts questions about sustainability and potential ...
Vape Users Prioritize Lab Testing for Brand Trust, Survey Finds
NEW YORK – A recent survey of 1,000 U.S. vape users reveals that nearly half (48%) consider lab testing and safety certifications the top factor influencing their trust in a brand. Conducted by EJuiceDB, the ...
SynBiotic Builds North American Ties to Secure Overseas Funding
DÜSSELDORF – SynBiotic SE, a publicly traded European company focused on medical Сannabis and industrial hemp, has formed alliances with several North American advisory firms to broaden its reach among global investors. The move aims ...
Highly Capitalized Network Launches “Battle of the Brands” — A New Show Redefining Cannabis Marketing Conversations
LOS ANGELES— Highly Capitalized Network (HCN), a leading business and financial media platform for Cannabis, today announced the launch of its newest original series: Battle of the Brands. This new podcast series brings together some ...
Curaleaf Gains Entry to S&P/TSX Composite Index, Today Officially
TORONTO – Today, Curaleaf Holdings Inc. officially joined the S&P/TSX Composite Index, becoming the first U.S.-based Cannabis company to achieve this status. The addition, effective before the market open and following a two-week set period, ...
Cannabis Market Faces Inevitable Wave of Consolidations to Keep the Pace of Dynamics
LOS ANGELES – Viridian Capital Advisors' Chart of the Week painted a picture of a highly fragmented U.S. Cannabis industry, where the top five multi-state operators (MSOs) generated about $4.8 billion in revenue, equating to ...
Maryland Awards Social Equity Cannabis Licenses
LOS ANGELES- In a significant move by the Maryland Cannabis Administration, 174 social equity cannabis licenses were awarded through a lottery system, showcasing the state's commitment to diversity and inclusion within the burgeoning cannabis industry. ...
Florida Supreme Court to Decide Fate of Cannabis Legalization
LOS ANGELES- The Florida Supreme Court is set to make a pivotal decision regarding the appearance of an adult-use cannabis legalization amendment on the November ballot, according to ClickOrlando. This determination follows a challenge by ...
Organigram Announces Investment in Open Book Extracts
NEW YORK- Organigram Holdings, a Canadian cannabis company, announced a $2 million investment in North Carolina-based Open Book Extracts. This move signifies Organigram's entry into the U.S. cannabis market, facilitated by an investment from British ...
Algernon Pharmaceuticals Advances Research Program
LOS ANGELES – In a significant move that underscores its commitment to innovative medical research, Algernon Pharmaceuticals Inc. announced its decision to prioritize its AP-188 ("N,N-Dimethyltryptamine" or "DMT") stroke research program. This announcement follows the ...
Germany Ushers in a New Era with Adult-Use Cannabis Legalization
BERLIN- As the clock struck midnight in Germany, transitioning from March 31st to April 1st, the nation embraced a historic shift in its drug policy landscape. Germany’s new adult-use cannabis legalization law, known as the ...
Colombia’s Medical Cannabis Exports Surge to $10.8 Million Amid Regulatory Enhancements
BOGOTA- In a notable advancement for Colombia's burgeoning medical cannabis industry, exports have seen a significant rise, reaching $10.8 million in 2023, as reported by ProColombia, a key government agency dedicated to fostering nontraditional Colombian ...
Glass House Brands Report Revenue and Profits
LOS ANGELES- In a notable financial turnaround, Glass House Brands, a California-based cannabis producer and retailer, reported significant growth in its fourth-quarter earnings, leading to a record revenue of $160.8 million for the fiscal year ...
ICER Raises Concerns Over MDMA-Assisted Psychotherapy for PTSD
LOS ANGELES- The Institute for Clinical and Economic Review (ICER) has recently highlighted significant concerns regarding the clinical evidence behind MDMA-assisted psychotherapy (MDMA-AP) for post-traumatic stress disorder (PTSD), according to a draft evidence report. This ...
Psilera Strengthens Board with Neuroscience
TAMPA –Psilera, a biotechnology company specializing in novel treatments for complex neurological disorders, has announced the addition of Dr. Magali Haas, M.D., Ph.D., to its Board of Directors. Dr. Haas, with an illustrious career spanning ...
Ayr Wellness Expands Florida Investment with Increased Mortgage on Cultivation Facility
LOS ANGELES- In a strategic move to bolster its presence in the burgeoning Florida cannabis market, Ayr Wellness, a prominent multistate operator, has announced an $8.4 million increase in the mortgage for its Gainesville cultivation ...
Colorado Cannabis Cultivators Granted Expanded Access to New Genetics
NEW YORK- In a significant legislative update, Colorado's cannabis cultivators are set to benefit from an expanded array of genetic resources, thanks to the enactment of Senate Bill 23-271 in January. This move, part of ...
Virginia Governor Vetoes Cannabis Legalization Bill
LOS ANGELES- In a decisive move that prolongs the status quo, Virginia Governor Glenn Youngkin has vetoed a bill aimed at legalizing the sale of adult-use cannabis in the state, citing concerns over public health ...
High Tide Acquires Premium Cannabis Brand Queen of Bud
LOS ANGELES- In a strategic move High Tide Inc. has officially completed its acquisition of the esteemed Queen of Bud brand, including its intellectual property, trademarks, and other valuable assets. This acquisition, announced on March ...
Cannabis Legislation at a Crossroads: Florida and Virginia Poised for Policy Shifts
LOS ANGELES- In a significant moment for cannabis policy in the United States, Florida and Virginia stand on the precipice of joining the expanding roster of states with legal cannabis markets. Despite facing distinct legislative ...
Colorado’s Cannabis Cultivation Landscape Evolves with New Genetic Sourcing Laws
LOS ANGELES- In a significant development for Colorado's cannabis industry, Senate Bill 23-271, effective since January, has introduced new regulations allowing cultivators to source genetics from a broader array of entities. This legislative shift aims ...
Optimi Health Corp. Expands Its Global Reach with MDMA Supply Agreement to Israeli Research Institute
LOS ANGELES – In a landmark move for psychedelic medicine, Optimi Health Corp., a preeminent manufacturer of psychedelics licensed by Health Canada, has announced a groundbreaking international supply agreement with The Institute for Psychedelic Research ...
Knowledge is Power: Unlock the Secrets to Success in the Ever-Evolving Cannabis Industry: Introducing CannabizTeam’s Comprehensive Salary Guide!
NEW YORK — CannabizTeam Worldwide, the premier executive search and staffing firm specializing in cannabis & wellness markets, proudly presents the eagerly-awaited 2024 Cannabis Industry Salary Guide. As the sixth installment of our national report, ...
Cannabis Industry Moguls Gather for Benzinga Cannabis Capital Conference
More than 100 CEOs and 200 Investors Confirmed for Cannabis Investment & Branding Conference on April 16th at The Diplomat Beach Resort in Hollywood, FL. Boris Jordan, executive chairman of Curaleaf, to Deliver Keynote Speech. HOLLYWOOD, Fla.,-- The Benzinga Cannabis ...
Mexico’s President Asserts Sovereignty in Drug Cartel Policy
LOS ANGELES- In a firm rebuff to external pressures, Mexican President Andrés Manuel López Obrador declared last week that Mexico will not engage in combative actions against drug cartels at the behest of the United ...
Amazon’s Hemp Product Dilemma: Undeclared CBD, Mislabeling, and Policy Contradictions
LOS ANGELES- A recent study conducted by CBD Oracle has shed light on the problematic state of hemp product listings on Amazon, unveiling a landscape of mislabeled items, undeclared cannabinoids, and outright policy violations. Despite ...
New York Takes Bold Steps to Support Cannabis Cultivators
LOS ANGELES- In a significant move to bolster the burgeoning adult-use cannabis industry, the New York State Cannabis Control Board (CCB) has announced a series of initiatives aimed at aiding struggling farmers and expediting the ...
Bulls Take Charge: The Green Rush Revival in the Cannabis Market
NEW YORK- As the cannabis market flourishes, several companies have made significant strides, contributing to the sector's overall bullish sentiment, beyond the widely recognized giants. Focusing on a fresh set of companies, let's explore some ...
U.S. Legal Cannabis Market Forecasted to Surpass $31 Billion in Sales in 2024
LOS ANGELES- In a notable advancement for the cannabis industry, legal sales in the United States are forecasted to exceed $31 billion this year, according to an economic forecast from Whitney Economics, a consultancy specializing ...
PharmAla Biotech and Cortexa Supply GMP Psilocybin for Therapeutic Use in Australia
LOS ANGELES- PharmAla Biotech Holdings Inc., in collaboration with Cortexa Pty. Ltd., has achieved supplying Good Manufacturing Practice (GMP) Psilocybin for therapeutic use to a patient under the Australian authorized prescriber scheme, marking what the ...
Utah to Launch Psilocybin and MDMA Pilot Program for Behavioral Health Treatment
NEW YORK-Utah is set to introduce a pioneering pilot program that will allow select hospitals to administer psilocybin and MDMA to patients for behavioral health treatment starting in May, after Governor Spencer Cox opted to ...
