Consumer Research
Flower by Edie Parker Teams Up with Verano for Florida Cannabis Debut, Spotlights Rapper JT in Promo Campaign
MIAMI – Flower by Edie Parker, a female-founded, premium Cannabis ...
AbbVie Reveals $900M Upfront Payment in Psychedelic Deal, Signaling Strong Bet on Bretisilocin
CHICAGO – AbbVie Inc. disclosed in a recent securities filing ...
Ohio Cannabis Health and Business Summit Returns to I-X Center October 3-4, 2025
CLEVELAND, OH – September 16, 2025 — The Ohio Cannabis Health and Business Summit (OCHBS), founded by entrepreneur and community leader Lenny Berry, returns this fall with its biggest gathering yet. Some of the organizers of ...
Cannabis Stocks Surge After Trump Champions CBD for Seniors — But Is It Another False Dawn?
LOS ANGELES- Cannabis and hemp company shares surged Monday after President Donald Trump publicly endorsed cannabidiol (CBD) as a potential game changer for senior healthcare. His remarks, shared on Truth Social, called for CBD to ...
Cracking the Code to California Cannabis Success: Anaheim Hosts Market Spotlight on October 8
LOS ANGELES- California is the largest Cannabis market in the world, setting trends that shape global culture, regulation, and business strategy. On October 8, 2025, leaders from across the industry will gather in Anaheim for ...
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 ...
Seasoned Media Executives Launch IgniteIt Inc., a New Media and Events Powerhouse formerly operated as Benzinga Cannabis
Detroit, MI —Wednesday, Aug 20, 2025 —Today, IgniteIt Inc. (IgniteIt) announced that the cannabis industry’s premier business conference and media platform, formerly operated by Benzinga Cannabis, is entering a new chapter, separate and not affiliated ...
Cannara Biotech Secures $10M Credit Expansion for Valleyfield Facility Growth
MONTREAL – Cannara Biotech Inc., has announced a $10 million expansion of its credit facility with Bank of Montreal (BMO) to fund enhancements at its Valleyfield, Quebec, facility. This strategic move supports the company’s ambition ...
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 ...
California Cannabis Trade Samples Exempt from Cannabis Taxes
LOS ANGELES- The enactment of Assembly Bill 141 on July 12, 2021 radically altered the taxability of cannabis trade samples. Effective September 29, 2021, excise tax no longer applied to cannabis flower or cannabis products ...
California’s Cannabis Social Equity Benefits
Vendor Compensation, Equity Fee Waivers, and More Massive social equity efforts are being made on the East Coast on behalf of cannabis businesses (see our articles in Bloomberg and elsewhere about New York and the ...
Michigan’s Cannabis Market Defies Moratoriums with Record $3 Billion Sales
LOS ANGELES- In an impressive display of market resilience, Michigan's cannabis industry shattered records by achieving over $3 billion in sales last year, despite facing significant regulatory hurdles and a saturated market. This milestone underscores ...
Texas Attorney General Sues Cities Over Cannabis Decriminalization Initiatives
LOS ANGELES- Texas Attorney General Ken Paxton has initiated legal action against five cities within the state, challenging their adoption of voter-approved cannabis decriminalization policies. According to reports from The Hill, the lawsuit targets city ...
Maine Explores On-Site Cannabis Consumption: A Leap Towards Inclusivity and Normalization
LOS ANGELES-Amid the serene backdrop of its pine-clad hills, Maine finds itself at the forefront of a significant legislative debate—one that could redefine the cannabis industry within its borders and potentially set a precedent for ...
Irs Uses 280e To Yank Depreciation Deductions From Cannabis Companies
In light of the upcoming income tax filing season for 2022, we felt it was noteworthy to remind cannabis taxpayers that Section 179 depreciation is unavailable in the industry due to the 2022 tax court ...
What Income Are You Required to Pay Tax On?
In general, income can be received in three ways – money, services, and property – and IRS requires you to declare most of this income on your tax return. Income is taxable unless specifically exempted ...
Algernon Pharmaceuticals Inc. Advances in Global Patent Portfolio with New Approvals in China
LOS ANGELES- Algernon Pharmaceuticals Inc., a Canadian clinical stage pharmaceutical development company, has recently announced a significant milestone in its global patent strategy. The Chinese Patent Office has issued a notice of intention to grant ...
Germany Poised for Historic Cannabis Legalization: Implications and Challenges
BERLIN- Germany is on the cusp of a historic shift in its cannabis policy, with Health Minister Karl Lauterbach announcing plans for cannabis legalization this spring. This move places Germany alongside a growing list of ...
Filament Health Corp. Gains FDA Approval for Psilocybin Clinical Trials
LOS ANGELES- The U.S. Food and Drug Administration (FDA) has recently granted an investigational new drug application to Vancouver-based Filament Health Corp. (OTCQB: FLHLF) (NEO: FH) for its botanical psilocybin substance, PEX010. This approval marks ...
Additional Tax Credit Available to Cannabis
LOS ANGELES- One of the goals of California Assembly Bill 195, signed into law by Governor Gavin Newsom on June 30, 2022, was to bring tax relief to the cannabis industry, a class of businesses ...
California’s High-Road Cannabis Tax Credits Comes with Challenges for Cannabis Business Owners
The High-Road Cannabis Tax Credit offers businesses potential tax savings of $250,000 per year. However, cannabis entrepreneurs are finding the necessary qualifications difficult to meet. Issues surrounding the size of the business, the wages that ...
Arkansas Attorney General Calls for Revisions to Medical Cannabis Expansion Initiative
LOS ANGELES- In a significant development impacting Arkansas' medical cannabis landscape, the state's Attorney General Tim Griffin has called for revisions to a proposed ballot initiative aimed at expanding the state’s medical cannabis program. This ...
FSD Pharma Bolsters Board and Enhances Market Strategy with New Appointments and Partnerships
LOS ANGELES- FSD Pharma, a player in the biopharmaceutical industry with a focus on innovative assets and biotech solutions, announced a significant change in its leadership and strategic partnerships. Dr. Sanjiv Chopra, a renowned figure ...
South Dakota Senate Committee Halts Bill Limiting Medical Cannabis Access
LOS ANGELES- In a significant turn of events, the South Dakota Senate Health and Human Services Committee, with a decisive vote of 5-2, chose to halt proceedings on a bill that threatened to restrict medical ...
Connecticut Liquor Stores Utilize Legal Loophole to Sell THC-Infused Beverages
LOS ANGELES- In a surprising turn of events, Connecticut liquor stores have begun selling THC-infused seltzers by leveraging a legal loophole in the state's cannabis laws. This development, as reported by CT Insider, involves adjusting ...
Led Lighting Helps Brighten Cultivators’ Financial Statements
Tightening down a business’s expenses and reducing its tax burden is a lot like the correct captaining of a sailboat. Once you’ve got your boat pointed in the direction you want it to go, you ...
Cannabis Companies Can Save Millions With One Tax Code Section
LOs ANGELES --At cannabis accountants, 420CPA, they like to highlight cutting-edge advisors we work with closely. Here’s a recent article from Bloomberg.com by Michelle Mabugat and Zackary Nolan of the L.A. law firm Greenberg Glusker. The piece ...
Kansas Advocates Push for Medical Cannabis Legalization
LOS ANGELES- In a recent online meeting, advocacy groups in Kansas intensified their call for the legalization of medical cannabis, highlighting personal stories and the urgency for legislative action. The meeting, originally planned as a ...
Review: Beard Bros Friday Sesh Live Event: Los Angeles
LOS ANGELES-The Beard Bros Pharms Friday Sesh Live event held in the scenic confines of an undisclosed venue by the sea in Malibu was an immersive dive into the heart of California's cannabis industry. Despite ...
Psyence Biomedical Merges with Newcourt, Listing and Raising US$10 Million for Clinical Trials
LOS ANGELES- Psyence Biomedical Ltd. a subsidiary of Psyence Group Inc, has successfully completed a merger with Newcourt Acquisition Corp (“Newcourt”), a special purpose acquisition company. This business combination, which received approval from Newcourt’s stockholders ...
Federal Investigation Uncovers Lax Pharmaceutical Practices in Trump’s White House Medical Unit
LOS ANGELES- A recent federal investigation has unearthed troubling findings regarding the White House Medical Unit's handling of prescription drugs during the Trump administration. The Department of Defense's 80-page report, released on January 8, reveals ...
Canopy Growth Secures US$35 Million in Private Placement to Bolster Liquidity and Reduce Debt
LOS ANGELES – Canopy Growth Corporation, a player in the cannabis industry, has announced an upsized private placement deal that aims to fortify the company's financial standing. The agreement, confirmed on January 18, 2024, involves ...
M&A in Cannabis: A Guide for Buyers and Sellers
Mergers and acquisition activity in the cannabis space tripled from 2020 to 2021, and that pace is on track to continue in 2022. With big players entering the global cannabis market, we’re fielding more questions about mergers ...
DankCan Dispensary: A Comprehensive Cannabis Retailer Turnaround in Michigan
Introduction: The Challenge The market began to mature, after the first few years of operations, and they were unprepared for what was to come. Market prices for retail cannabis dropped due to competition as many ...
