Consumer Research
Jazz Pharmaceuticals: The Medical Cannabis Insider Nearing $1B Milestone
DUBLIN – Jazz Pharmaceuticals reported a 20% jump in Q3 ...
California Reaps $259.7M in Cannabis Tax Revenue for Q2 2025
LOS ANGELES – California's legal Cannabis sector delivered $259.7 million in tax revenue during the second quarter of 2025, based on data released by the California Department of Tax and Fee Administration (CDTFA). The figure ...
Verano Adds Crystal River Location, Reaching 82 Dispensaries in Florida
CHICAGO – Verano Holdings Corp. has expanded its presence in Florida by opening a new MÜV dispensary in Crystal River, bringing its total to 82 stores statewide and 152 nationwide. This move bolsters Verano's network ...
Verano Announces Redomicile from British Columbia to Nevada
CHICAGO – Verano Holdings Corp. has put forward a plan to shift its parent company's incorporation from British Columbia to Nevada. The board gave its nod to the proposal on September 15, and the company ...
Glass House Brands Reports Q2 2025 Financial Results
LONG BEACH and TORONTO – Glass House Brands Inc., a leading vertically integrated Cannabis operator in the US, unveiled its second-quarter 2025 financial statements, showing impressive growth in key areas despite ongoing market pressures and ...
Psychedelics Market Set to Reach $22.6 Billion by 2033, Report Finds
NEW YORK – A recent report by Research and Markets reveals the current global psychedelic drugs market is valued at $7.4 billion and is projected to hit $22.6 billion by 2033, exhibiting a substantial compound ...
High Tide Enters German Medical Cannabis Market with Remexian Majority Stake Acquisition
CALGARY – High Tide Inc., a leading Canadian Cannabis retailer, announced its strategic entry into Germany’s medical Cannabis market through a 51% acquisition of Remexian Pharma GmbH, a Frankfurt-based pharmaceutical wholesaler. The deal, valued at ...
Germany’s Medical Cannabis Imports Hit Record in Q2 2025, Sparking Debate Over Misuse
BERLIN – Germany’s medical Cannabis market continues to set records, with imports reaching 43.3 tons in the second quarter of 2025, according to data from the Federal Institute for Drugs and Medical Devices (BfArM). This ...
Former Arizona Senator Sinema Advocates Ibogaine Research Post-Treatment
LOS ANGELES – Former U.S. Senator Kyrsten Sinema of Arizona shared details of her personal encounter with ibogaine during a recent appearance on CNN. Speaking with Jake Tapper, Sinema highlighted her push for expanded research into ...
Europe’s Medical Cannabis Sector Shows Steady Expansion
LOS ANGELES – Prohibition Partners’ report indicates that Europe's medical Cannabis market could hit approximately €1.4 billion this year, driven by demand in key countries like Germany and the United Kingdom. Analysts point to a ...
California Lawmakers Back Pause on Recent Cannabis Tax Hike
LOS ANGELES – The California Senate approved Assembly Bill 564, a measure that would roll back a recent jump in the state's Cannabis excise tax for five years, sending it back to the Assembly for ...
South Carolina Implements Strict Regulations on Hemp in Food and Beverages
LOS ANGELES- In a significant regulatory move, South Carolina has announced stringent restrictions on the inclusion of hemp-derived ingredients in food and beverage products, permitting only hemp seeds and their derivatives. This decision marks a ...
Cybin Inc. Reports Psychedelic Treatments and Financial Growth in Q3
LOS ANGELES- Cybin Inc., a development of next-generation psychedelic treatments for mental health disorders, today unveiled its unaudited financial outcomes for the third quarter ending December 31, 2023, alongside key business achievements. This period has ...
New Mexico Embraces Drive-Thru Cannabis Dispensaries
LOS ANGELES- In a pivotal decision reflecting the evolving landscape of cannabis commerce, New Mexico has chosen to endorse the operation of drive-thru cannabis dispensaries, a move that underscores the state's commitment to convenience and ...
California’s Proposed Bill Aims to Integrate Hemp Products into Cannabis Market
LOS ANGELES- In an effort to further regulate the cannabis industry, California lawmakers have introduced a draft bill that seeks to place hemp products under the same regulatory umbrella as cannabis. The proposed legislation, which ...
Pennsylvania’s Cannabis Market Poised for Expansion as Recreational Use Moves Closer to Reality
LOS ANGELES- Pennsylvania's cannabis industry is on the brink of a significant transformation as Governor Josh Shapiro pushes for the legalization of recreational marijuana use. In his recent budget address, the Democratic leader urged lawmakers ...
PharmaDrug Inc. Completes Private Placement to Bolster Corporate Initiatives
LOS ANGELES- a specialty pharmaceutical company, announce the successful completion of its previously disclosed non-brokered private placement, raising total gross proceeds of $326,000. In this offering, the company issued 6,520,000 units at a purchase price ...
Ohio Legislators Grapple with Implementing Changes to Adult-Use Cannabis Law
LOS ANGELES- In Ohio, the journey to fully implement adult-use cannabis legislation continues to encounter hurdles, despite the state's voters approving Issue 2 in November 2023. This initiative, which legalized recreational cannabis, came into effect ...
Michigan’s Cannabis Market Experiences Mixed Growth
LOS ANGELES- Michigan's cannabis industry has witnessed a varied growth pattern, with adult-use sales driving the market forward while medical cannabis sales face a significant decline. The state's cannabis sales increased by 17.1% compared to ...
Requesting a Private Letter Ruling
By Rachel Wright, Simon Menkes, & Abraham Finberg- CPAs licensed in California of AB FinWright LLP & 420CPA, and Andrew Gradman, Esq of Andrew Gradman Tax You may someday find yourself in a unique tax ...
Minnesota Mayor Arrested for Exceeding Legal Cannabis Cultivation Limits
NEW YORK- In an unexpected turn of events, the mayor of Winnebago, Minnesota, Scott Robertson, and his son Jacob Robertson, have been arrested for operating commercial-grade greenhouses to cultivate cannabis in quantities far exceeding the ...
Compass Pathways Launches Phase 3 Psilocybin Study in the UK for Treatment-Resistant Depression
Compass Pathways, a biotechnology firm at the forefront of mental health innovation, has initiated the UK segment of its global phase 3 study of COMP360 psilocybin therapy for treatment-resistant depression (TRD). This advancement, approved by ...
Massachusetts Lawmakers Advance Therapeutic Psilocybin Proposal
LOS ANGELES- In an effort to uphold its stringent stance against cannabis, Idaho legislators are deliberating on a new bill aimed at prohibiting advertisements for cannabis products, especially those coming from out-of-state businesses. This legislative ...
Thailand’s Cannabis Industry Faces Major Shift with New Draft Law
In a significant move that could reshape the cannabis landscape in Thailand, the government is preparing to introduce a draft law aimed at curbing the sale of cannabis for adult use and refocusing the burgeoning ...
Navigating the Complexities of Cannabis Payments: A Debit and Credit Card Conundrum
LOS ANGELES- In the rapidly expanding cannabis industry, where legality varies from state to state and the federal government maintains its stance against cannabis, the landscape of payment processing remains fraught with challenges. Among the ...
DEA Reinstates License for Pharma Giant Implicated in Opioid Crisis
LOS ANGELES- In a controversial decision, the Drug Enforcement Administration (DEA) has reinstated the operational license of Morris & Dickson, a pharmaceutical company previously implicated in the opioid crisis. This move comes less than a ...
Idaho Legislators Propose Bill to Ban Out-of-State Cannabis Advertisements
LOS ANGELES- In a move reflecting Idaho's staunch stance on cannabis prohibition, state legislators are deliberating on a bill aimed at curtailing advertisements for cannabis products from neighboring states where it is legal. The proposed ...
Virginia Navigates the Complex Path to Cannabis Legalization with New Legislation
NEW YORK- In the evolving landscape of cannabis legalization, Virginia has emerged as a pivotal battleground, illustrating the multifaceted journey towards establishing a regulated market. The state's House of Representatives has recently passed a bill ...
Red Light Holland Partners with PharmAla Biotech
NEW YORK- In a strategic move to bolster its North American presence, Red Light Holland a Toronto-based company, has entered into a significant consulting agreement with synthetic psychedelics manufacturer PharmAla Biotech Holdings Inc. The collaboration, ...
Unexpected 280E Dangers in Farm Service Management Arrangements- Part II
By Rachel Wright, Simon Menkes, & Abraham Finberg- CPAs licensed in California of AB FinWright LLP & 420CPA, and Andrew Gradman, Esq of Andrew Gradman Tax This is Part II of II of our series ...
Massachusetts Cannabis Sales Hit Record $1.56 Billion in 2023 Amid Industry and Regulatory Challenges
NEW YORK- In an unprecedented achievement for the Massachusetts cannabis market, dispensaries across the state reported a record-breaking $1.56 billion in sales in 2023. This milestone, as reported by the Cannabis Control Commission (CCC) and ...
Iowa Moves to Regulate Hemp with New Bill
LOS ANGELES- In a significant legislative development, an Iowa subcommittee has advanced House Study Bill 665, aimed at establishing regulatory oversight for consumable hemp products within the state. Passed by the House Public Safety Subcommittee ...
atai Life Sciences Appoints Anne Johnson as Chief Financial Officer
NEW YORK – atai Life Sciences a pioneering company specializing in mental health treatment innovations, today announced the promotion of Anne Johnson to Chief Financial Officer (CFO). Johnson, who has served as the interim CFO ...
Canopy Growth Reports Fiscal Q3 Earnings Amidst Strategic Shifts and Financial Hurdles
LOS ANGELES- Canopy Growth Corporation, reported a 7% decline in net revenue, amounting to $78.5 million for the fiscal third quarter ending December 31, 2023. The Smiths Falls, Ontario-based company revealed these figures in its ...
Business Expenses – What is NOT Deductible?
While it seems like a straightforward question, there can sometimes be confusion about what expenses can be deducted from your business for tax purposes and what expenses cannot be. Deductions are critical in helping to ...
Unexpected 280E Dangers in Farm Service Management Arrangements- Part I
By Rachel Wright, Simon Menkes, & Abraham Finberg- CPAs licensed in California of AB FinWright LLP & 420CPA, and Andrew Gradman, Esq of Andrew Gradman Tax This is Part I of II of our series ...
