Consumer Research
Organigram to Announce Q2 Fiscal 2025 Results
LOS ANGELES- Organigram Global Inc. is scheduled to release its ...
AYR Wellness Announces Management Changes
LOS ANGELES- AYR Wellness Inc., a U.S.-based multi-state cannabis operator, announced that Chief Financial Officer Brad Asher has resigned, effective March 23, 2025. The company's board has appointed Donna Granato as Interim CFO, effective immediately. ...
California Implements Measures to Ensure Cannabis Product Safety
LOS ANGELES- California has established a comprehensive regulatory framework to safeguard consumers from potential health risks associated with cannabis products. The Department of Cannabis Control (DCC) oversees the adoption and enforcement of regulations for commercial ...
France Advances Medical Cannabis Legalization Framework
LOS ANGELES- France has officially submitted draft regulations to the European Commission, outlining the framework for the production and authorization of medical cannabis. The submission includes: A decree establishing the framework for cannabis-based medicines, integrating ...
Industrial Hemp Regulation Undergoing Comprehensive Review
LOS ANGELES- The regulatory framework governing industrial hemp is currently under extensive review, aiming to address emerging challenges and align with evolving industry practices. This initiative seeks to refine existing policies to better support the ...
Cannara Biotech Extends BMO Credit Facility and Convertible Debenture to Strengthen Financial Position
LOS ANGELES- Cannara Biotech Inc. has announced the extension and amendment of its existing credit agreement with the Bank of Montreal (BMO) and a convertible debenture with Olymbec Investments Inc. These strategic financial adjustments aim ...
NYC Sheriff Files Lawsuit Against Home Contractors Over Alleged Permit Violations
LOS ANGELES- New York City Sheriff Anthony Miranda, known for his enforcement actions against unlicensed cannabis dispensaries, has initiated a $350,000 lawsuit against home contractors for allegedly failing to secure necessary permits during renovations of ...
Sà Wea: Pioneering African Heritage and E-Commerce Innovation in the Luxury Cannabis Industry
LOS ANGELES — In the cannabis industry, often lacking cultural diversity and unique storytelling, Sà Wea Luxury Inc. stands out as the first luxury cannabis lifestyle brand to integrate African heritage into its identity. Founded ...
Israel Faces Mental Health Crisis Post-October 7 Attacks: Evaluating Medical Cannabis for PTSD Treatment
LOS ANGELES- In the aftermath of the October 7, 2023, attacks, Israel confronts a significant mental health crisis, with an estimated 580,000 citizens exhibiting severe post-traumatic stress disorder (PTSD) symptoms. This surge has intensified discussions ...
Texas Senate Passes Bill to Ban Hemp THC
DALLAS–The Texas Senate has taken a major step toward banning consumable hemp products that contain THC or other intoxicating cannabinoids, a move that could severely impact an $8 billion industry employing approximately 50,000 workers. On ...
Planet 13 Schedules Release of Q4 2024 Financial Results
LOS ANGELES- Planet 13 Holdings Inc. a vertically integrated multi-state cannabis company, has announced that it will release its financial results for the fourth quarter and full year ending December 31, 2024, on March 26, ...
Florida High Court Favoring Voter Decision on Cannabis Legalization
NEW YORK– In a significant development for cannabis legalization advocates in Florida, the state's Supreme Court appears inclined to permit a proposal for adult-use cannabis legalization to reach voters next year. This move would mark ...
AI in Cannabis Cultivation: Navigating the Future of Efficiency and Craftsmanship
NEW YORK– The cannabis industry, long characterized by its blend of traditional cultivation methods and pioneering spirit, is now on the verge of a technological transformation. The integration of Artificial Intelligence (AI) into cannabis production ...
FDA Submission of MDMA-Assisted Therapy Application Aims to Advance Mental Health Landscape
NEW YORK- In a landmark move, MAPS Public Benefit Corporation (MAPS PBC), a subsidiary of the notable Multidisciplinary Association for Psychedelic Studies (MAPS), has officially lodged a new drug application with the U.S. Food ...
Cresco Labs Delivers Q3 2023 Results, Execution of Core Market Strategy
NEW YORK– Cresco Labs Inc., a player in the cannabis industry, has unveiled its third-quarter financial and operating results for the period ending September 30, 2023. A leader in branded cannabis products and the operator ...
Ohio Governor Seeks Amendments to Voter-Approved Cannabis Legalization
LOS ANGELES— Ohio Governor Mike DeWine has called on state lawmakers to revise the recently approved cannabis legalization measure before its enactment on December 7. Despite his respect for the democratic process, as reported by ...
Cybin Inc. Secures $30 Million in Funding, Strengthening Pathway for Psychedelic-Based Mental Health Treatments
LOS ANGELES— Cybin Inc., a prominent clinical-stage biopharmaceutical company, has successfully closed its substantial underwritten offering, amassing US$30 million to propel its mission of transforming mental healthcare with next-generation psychedelic treatments. The company issued 66,666,667 ...
Clearmind Medicine Partners with Johns Hopkins and Yale for Pioneering Alcohol Use Disorder Clinical Trial
Tel Aviv— Clearmind Medicine Inc., a trailblazer in psychedelic drug development, has announced a significant milestone in its journey to address Alcohol Use Disorder (AUD). The company has entered into a Clinical Trial Agreement with ...
Goodness Growth Holdings Poised for New York Market Exit Amid Financial Turnaround
NEW YORK— Goodness Growth Holdings Inc, a cannabis company, is navigating a challenging financial landscape with a firm goal to exit the New York market by the end of the year. The Minnesota-based multistate operator, ...
Massachusetts Governor Introduces Veteran-Focused Legislation Including Psychedelic Research
BOSTON — In a landmark move, Massachusetts Governor Maura T. Healey has filed a comprehensive legislative package aimed at enhancing benefits and services for the state's military veterans. Dubbed the Act Honoring, Empowering and Recognizing Our ...
Red Light Holland’s Psilocybin Capsules Prove Stable in Extended Testing, Eyeing Global Markets
LOS ANGELES- Red Light Holland Corp., has announced significant advancements in their natural psilocybin microdosing capsules. Developed from psilocybin truffles grown on the company’s farm in the Netherlands, these capsules have successfully passed a four-month ...
Missouri Clears Nearly 100,000 Cannabis Convictions, Embracing Historic Reform and Justice
LOS ANGELES- Missouri has made significant strides in criminal justice reform related to cannabis, as reported by KMBC 9. Following the approval of an adult-use cannabis constitutional amendment by voters last year, the state has ...
Glass House Brands Inc. Record in Q3 2023
LOS ANGELES- Glass House Brands Inc., a player in the cannabis industry, announced its financial achievements for the third quarter ending September 30, 2023, marking a period of substantial growth and operational efficiency. "The third ...
Tilt Holdings Inc. Reports Revenue Growth in Q3 Amidst Strategic Refinements
LOS ANGELES- Tilt Holdings Inc. a diversified cannabis industry player, has reported a significant increase in revenue for the third quarter ending September 30, as the company continues to navigate its path to financial stability. ...
Navigating Co-Investments in the Cannabis Industry: A Strategic Guide for Family Offices
NEW YORK-Family offices operating in the cannabis industry often view co-investing as a pivotal component of their investment strategy. When executed thoughtfully, these collaborations not only spread the risk associated with cannabis investments but also ...
Could Florida Be Next To Legalize Recreational Cannabis?
MIAMI--In a pivotal legal confrontation within Florida's capital, advocates and critics of recreational cannabis found themselves before the Florida Supreme Court in Tallahassee on Wednesday. Tasked with evaluating a proposal to include the legalization of ...
Virginia Cannabis Control Authority Highlights Risks and Proposes Regulations for Consumable Hemp Products
LOS ANGELES- The Virginia Cannabis Control Authority (CCA) recently published a comprehensive report mandated by the General Assembly on the state of consumable hemp products. The report highlights the surging popularity of these products, attributing ...
Alaska Lawsuit Challenges New DNR Regulation on Intoxicating Hemp Products as Unconstitutional
LOS ANGELES- A significant legal challenge has emerged in Alaska against a new regulation by the Department of Natural Resources (DNR) that restricts intoxicating hemp products. This lawsuit, filed by hemp growers and manufacturers, claims ...
National Psychedelics Reform Movement Gains Momentum Across the U.S.
LOS ANGELES- The movement for psychedelics reform in the United States is gaining significant traction, with numerous states considering decriminalization, legalization, or rescheduling proposals, as well as other measures to facilitate access to new therapies. ...
Optimi Health Corp. Successfully Resolves Supply Agreement Dispute
LOS ANGELES- Optimi Health Corp. a key player in the psychedelics sector, recently announced the amicable resolution of a dispute regarding the termination of a supply agreement with a private entity, initially signed on May ...
Curaleaf Announces Third Quarter 2023
LOS ANGELES- Curaleaf Holdings, Inc., a international cannabis consumer products company, has released its financial and operational results for the third quarter ending September 30, 2023. The company reported a modest revenue increase of 2% ...
Navigating the Cannabis Landscape: A Comprehensive Guide to Due Diligence for Investors
NEW YORK- The cannabis industry's unprecedented growth trajectory has positioned it as a lucrative investment landscape. However, the nascent nature of the sector, coupled with regulatory intricacies and market uncertainties, underscores the critical importance of ...
Ascend Wellness Holdings Reports Solid Financial Performance in Q3 2023″
LOS ANGELES-- Ascend Wellness Holdings (AWH), a leading cannabis multi-state operator with a presence in twenty states, has announced its financial results for the third quarter ending June 2023. The company has successfully met market ...
Vermont Halts New Large-Scale Cannabis Grower Licenses to Support Smaller Farms Amid Tough Agricultural Year
LOS ANGELES- In a strategic move to bolster smaller local cultivators, Vermont has announced a temporary suspension of issuing new licenses for large-scale cannabis growers. This decision was disclosed on Tuesday by state officials, marking ...
California DCC Declares National Agricultural Workers Union Not a Legitimate Labor Organization
LOS ANGELES- The California Department of Cannabis Control (DCC) has made a definitive clarification this week, stating that the National Agricultural Workers Union (NAWU) does not qualify as a bona fide labor organization. This announcement ...
TerrAscend Announces Record Results in Q3 2023
LOS ANGELES- TerrAscend Corp. a player in the cannabis industry, has reported its financial outcomes for the third quarter ending September 30, 2023, showcasing substantial growth and profitability. Executive Chairman Jason Wild expressed satisfaction with ...
