Consumer Research
Curaleaf Launches Hemp-Only Retail Store in Florida Following Cannabis Legalization Setback
LOS ANGELES- In the aftermath of Florida's unsuccessful bid to ...
St. Louis Dispensary Chain Faces Lawsuit Over Unpaid Cannabis Product Invoices
LOS ANGELES- Curio Manufacturing, a cannabis supplier, has filed a ...
New Mexico Advances Medical Psilocybin Legalization Efforts
LOS ANGELES- The New Mexico Senate has approved the Medical Psilocybin Act (Senate Bill 219), a bipartisan initiative aimed at establishing a regulated program for the therapeutic use of psilocybin, the psychoactive compound found in ...
Utah Poll Indicates Majority Support for Recreational Cannabis Legalization
LOS ANGELES- A recent survey conducted by Noble Predictive Insights reveals that 52% of registered Utah voters are in favor of a ballot initiative to legalize cannabis for recreational use, while 38% oppose it, and ...
Maryland Generates $72 Million in 2024 Recreational Cannabis Tax Revenue
LOS ANGELES- In 2024, Maryland collected over $72 million in sales tax revenue from recreational cannabis, as reported by state Comptroller Brooke Lierman. The state imposes a 9% sales tax on adult-use cannabis products, aligning ...
Bright Green Corporation Completes Restructuring, Exits Cannabis Sector
LOS ANGELES- Bright Green Corporation has finalized its restructuring plan, marking a strategic shift from the cannabis industry to the production of all U.S. Drug Enforcement Administration (DEA) scheduled controlled substances. This decision includes an ...
Pennsylvania Lawmakers Propose State-Run Dispensaries for Recreational Cannabis Sales
LOS ANGELES- In a move toward legalizing recreational cannabis, Pennsylvania legislators have introduced proposals to establish state-owned dispensaries, mirroring the state's existing model for alcohol sales. State Representatives Dan Frankel and Rick Krajewski advocate for ...
Florida Republican Lawmakers Propose Expansion of Medical Cannabis Access
LOS ANGELES- In recent legislative developments, certain Republican lawmakers in Florida have introduced bills aimed at broadening access to medical cannabis within the state. Notably, these proposals include provisions that would permit qualified medical cannabis ...
Maryland House Committee Advances Bill to Exempt Certain Cannabis Transactions from State Sales Tax
LOS ANGELES- The Maryland House Ways and Means Committee approved House Bill 619, legislation designed to exempt specific cannabis-related transactions from the state's sales and use tax. The bill, introduced on January 23, 2025, seeks ...
POSaBIT Captures Majority of Cannabis Transactions in Washington State
LOS ANGELES- POSaBIT Systems Corporation a provider of point-of-sale and payments infrastructure in the cannabis industry, now processes over 85% of all cannabis point-of-sale transactions in Washington State. Established in 2015, POSaBIT has expanded ...
Hemp-Derived Products Influence Cannabis Market Dynamics
LOS ANGELES- The 2018 Farm Bill's legalization of hemp cultivation has significantly impacted the cannabis industry, leading to the emergence of various hemp-derived products that are reshaping market dynamics. One notable development is the ...
High Tide Reports Q1 Revenue
LOS ANGELES- High Tide Inc. a Canadian cannabis retailer, announced its financial results for the first quarter ended January 31, 2025, reporting revenue of CAD 142.5 million, an 11% increase from the same period last ...
Planet 13 Endures Market Shifts with Strategic Expansion Amidst Revenue Decline
LOS ANGELES— Planet 13 Holdings Inc., a vertically-integrated, multi-state cannabis operator, announced its financial results for the third quarter ending September 30, 2023. According to the U.S. Generally Accepted Accounting Principles (GAAP), Planet 13's revenues ...
Green Thumb Increased Revenue and Expanding Operations in Q3
NEW YORK — Green Thumb Industries Inc. a force in the cannabis consumer packaged goods industry and the owner of RISE Dispensaries, today unveiled its financial achievements for the third quarter of 2023, concluding on September ...
Trulieve’s Q3 Results: Posts Gains, Cuts Debt
Trulieve Cannabis Corp., a player in the U.S. cannabis sector, reported its quarterly financial performance for the period ending September 30, 2023. The company has presented a picture of operational resilience, with $93 million in ...
PharmAla Biotech Breaks New Ground with Psychedelic Substance Shipment to Australia
LOS ANGELES- The recent dispatch of MDMA and psilocybin from Canadian-based PharmAla Biotech to its Australian joint venture, Cortexa, marks a pivotal progression in the emerging domain of psychedelic-assisted therapies. This venture not only underscores ...
Ohio Joins the Green Wave with Legalization of Adult-Use Cannabis
In a historic move mirroring a national shift, Ohio voters have chosen to greenlight the legalization of adult-use cannabis, making it the latest state to adopt a more progressive stance on the once controversial substance. ...
Biden’s Policy Shift Sets a New Course for Cannabis Industry
Washington D.C. - President Joe Biden, a figure once notorious for his stringent anti-drug stance, has evolved into an unlikely catalyst for the most substantial overhaul of federal cannabis policy since the Controlled Substances Act ...
Verano Holdings Reports Modest Revenue Growth and Strong Cash Flow in Q3 2023
Verano Holdings Corp. a multi-state cannabis company, disclosed its financial achievements for the third quarter of 2023 on November 8, as per U.S. Generally Accepted Accounting Principles (U.S. GAAP). The company revealed a modest sequential ...
Ascend Wellness Holdings Sees Significant Growth in Q3 2023 Financials
LOS ANGELES- Ascend Wellness Holdings, Inc. an integrated cannabis operator, announced a streak of positive financial outcomes for the third quarter ending September 30, 2023, presenting what is now their sixth consecutive record-breaking revenue quarter. ...
Ohio Becomes 24th State to Legalize Adult-Use Cannabis
COLUMBUS, Ohio— In a defining moment for Ohio, residents went to the polls on Tuesday to cast their votes on Issue 2, a statewide ballot measure that has ushered in a new era of recreational ...
Cybin’s Clinical Trial Indicates Promising Results for Psychedelic Mental Health Treatment
A Canadian biopharmaceutical firm, Cybin, has shared promising results from a clinical trial suggesting the potential of psychedelic compounds in treating mental health issues. The company's focus on developing advanced psychedelic therapeutics has yielded a ...
U.S. States Navigate Psychedelics Reforms Amidst Legalization Efforts
As the United States continues to explore the boundaries of drug policy reform, numerous state legislatures and advocacy groups are engaging in a concerted effort to redefine the legal status of psychedelics. From decriminalization and ...
Colorado Cannabis Business Park Entangled in Legal Battle Over Unpaid Electricity Bills
NEW YORK — A legal tussle over a six-figure electricity bill has emerged between the owners of Area 420, a Colorado cannabis business park, and one of its tenants, as reported by NBC. The dispute, ...
Florida Medical Cannabis Company Challenges State Over Licensing Fee Spike
NEW YORK — Sanctuary Cannabis, a player in Florida's medical cannabis industry, has initiated legal proceedings against the state, challenging a dramatic rise in biennial licensing fees. Under Governor Ron DeSantis' administration, the fees escalated ...
Ohio’s Cannabis Industry Eyes Adult-Use Legalization with Hope and Vigilance
LOS ANGELES- Ohio’s medical cannabis industry is looking toward the upcoming ballot with a mix of hope and caution as Issue 2, which would legalize adult-use cannabis, approaches a statewide vote. Operators in the sector ...
Ohio Decides On Adult-Use Legalization of Cannabis
CLEVELAND, Ohio – In Ohio, a momentous decision looms large on the horizon, transcending the scope of mere recreational cannabis decriminalization. The state's citizens are poised to exercise their voting rights on November 7, deliberating ...
Organigram Stock Rallies On $124.6 Million Investment from British American Tobacco Subsidiary
TORONTO- In a significant financial development, Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI) has secured a substantial investment of $124.6 million from BT DE Investments Inc., a subsidiary of British American Tobacco (NYSE: BTI). This ...
Alabama Medical Cannabis Commission Sets December Goal for Licensing Amid Legal Challenges
Alabama — After navigating through a series of legal hurdles and procedural delays, the Alabama Medical Cannabis Commission (AMCC) is now targeting December to finalize industry licenses, a move that its chairman describes as part ...
Kansas City Cannabis Workers Vote to Unionize, Joining Teamsters Local 955
LOS ANGELES— Employees at Home State Dispensary in Kansas City have made a landmark decision to unionize, becoming the first group of cannabis workers in the metro area to do so. The budtenders and inventory ...
MindMed Projects Operational Continuity into 2026 Amid Advancements in LSD-Based Anxiety Treatment
NEW YORK — Mind Medicine Inc. (MindMed), a biopharmaceutical company leading the charge in psychedelic drug development, has assured stakeholders of its financial viability well into 2026. This assurance comes even as the company, which currently ...
Optimi Health Secures CAD$1 Million in Non-Dilutive Debt Financing
TORONTO— Optimi Health Corp., a Canadian pioneer in psychedelic substance research and production, has successfully secured a non-dilutive Debt Financing Agreement (DFA) for a sum of CAD$1,000,000. This loan, provided by an arm's length party, ...
Senate Advances Bill Permitting VA Doctors to Recommend Cannabis to Veterans
WASHINGTON, D.C. — In a significant policy shift, the U.S. Senate has passed a bill that, among other directives, authorizes Department of Veterans Affairs (VA) physicians to recommend cannabis to veterans for medical purposes. This ...
Psyence Group Advances Psilocybin Production with Facility Expansion and Strategic Partnerships
LOS ANGELES- Psyence Group Inc. a trailblazer in the clinical-stage life sciences sector specializing in nature-derived psilocybin for mental health treatments, has announced significant developments in its Psyence Production division. The company takes pride in ...
U.S. Cannabis Operators Challenge Federal Enforcement in Landmark Lawsuit
LOS ANGELES- In a bold move that underscores the growing tension between state legislation and federal restrictions, a coalition of U.S. cannabis operators and investors has filed a lawsuit challenging the federal government's application of ...
Navigating Cannabis Conferences: A Comprehensive Guide for Companies
LOS ANGELES--If your company is gearing up to attend a cannabis conference, it's crucial to approach it with a well-thought-out strategy. The earlier you start your preparations, the better the results you can expect. My ...
Arizona Social Equity Cannabis License Holders Face Deadline Challenges
PHOENIX — As the state-mandated deadline of Sunday, Oct. 8, looms, more than half of Arizona’s social equity cannabis retail licensees risk missing the critical opening date for their businesses. Of the 26 license holders, ...
