Consumer Research
Consumers Pay Premium for Fast-Acting Cannabis Edibles
LOS ANGELES- A recent industry analysis reveals that cannabis consumers ...
SNDL Reports Q1 2025 Earnings
LOS ANGELES- SNDL Inc. announced its financial and operational results ...
Cybin CEO to Discuss Medical Innovation at Milken Institute Global Conference
LOS ANGELES- Cybin Inc. a neuropsychiatry company, announced that its ...
Cannabis and Psychedelic Mushroom Kiosk at Brookfield Square Mall Draws Mixed Reactions
LOS ANGELES- A kiosk at Brookfield Square Mall in Brookfield, Wisconsin, operated by Waukesha-based Ethereal Gold Dispensary, has garnered attention for selling cannabis and psychedelic mushroom products. The presence of this kiosk has sparked a ...
South Africa’s Department of Health Enacts Ban on Cannabis and Hemp Food Products
LOS ANGELES- The South African Department of Health has implemented new regulations prohibiting the production, sale, and importation of foodstuffs containing components derived from the Cannabis sativa L. plant, including hemp, hemp seed oil, and ...
Cresco Labs Reports: Financial Results for Q4 and Full Year ending December 31, 2024
LOS ANGELES- Cresco Labs Inc., a cannabis company, has announced its financial results for the fourth quarter and full year ending December 31, 2024. The company reported an operating cash flow of $132 million for ...
Canada Invests Nearly $3 Million in Psilocybin-Assisted Psychotherapy Research
LOS ANGELES- The Government of Canada, through the Canadian Institutes of Health Research (CIHR), has committed nearly $3 million to fund three clinical trials investigating psilocybin-assisted psychotherapy as a treatment for various mental health and ...
Cybin Announces Third Quarter Fiscal Year 2025 Financial Results and Business Updates
LOS ANGELES- Cybin Inc., has released its unaudited financial results for the third quarter ending December 31, 2024, alongside recent business developments. Financial Highlights: Cash Position: As of December 31, 2024, Cybin reported cash holdings ...
Montana Lawmaker Proposes Consumer Registration and Surveillance for Cannabis Purchases
LOS ANGELES- A Republican lawmaker in Montana has introduced legislation that would require individuals aged 21 and older to register with the state Department of Revenue and pay a $200 annual fee to legally purchase ...
Senator Lankford Introduces Bill to Prevent Tax Deductions for Cannabis Businesses
LOS ANGELES- Senator James Lankford (R-OK) introduced the "No Deductions for Marijuana Businesses Act," aiming to prevent cannabis businesses from deducting business expenses on their federal taxes, even if cannabis is rescheduled under federal law. ...
Idaho Legislature Advances Constitutional Amendment on Cannabis Legalization
LOS ANGELES- The Idaho Senate has approved a proposed amendment to the state constitution that would grant the legislature exclusive authority over the legalization of cannabis and other substances. This measure, known as House Joint ...
Analysis: Cannabis Capital on the Rise: A Resilient Industry Continues To Grow
NEW YORK–Despite persistent regulatory frustrations, wholesale price compression, slowing growth, and historically low stock prices, the cannabis capital markets are showing unexpected strength. According to Viridian Capital Advisors, global cannabis capital raises surged to $2.3 ...
California Seizes $534 Million in Illegal Cannabis in 2024
LOS ANGELES- In 2024, California enforcement officials seized illegal cannabis valued at approximately $534 million, underscoring the state's commitment to regulating its cannabis industry. Enforcement Actions and Seizures The Unified Cannabis Enforcement Task Force ...
UK Home Affairs Committee Advocates for Expanded Access to Medical Cannabis Products through NHS
LOS ANGELES-- In a recent development, the United Kingdom's Home Affairs Committee has urged the government to broaden the accessibility of unlicensed cannabis-based products for medical use through the National Health Service (NHS) before the ...
Michigan’s Cannabis Market Holds Steady: A Glimpse into the State’s Flourishing Industry
LOS ANGELES-- In a recent report from the Michigan Cannabis Regulatory Agency, the state's cannabis market demonstrated a robust performance, maintaining a steady pace in sales throughout August. According to the data, sales in August ...
Analysis: One of Three Cannabis Stocks Stands Out Amid Market Volatility
NEW YORK, NY–In a whirlwind morning of trading, cannabis investors found themselves on a roller-coaster ride, with shares of prominent cannabis companies Tilray Brands, Canopy Growth, and Aurora Cannabis experiencing significant price fluctuations in just ...
FARRIS FORWARD: Navigating the Volatile Waters of the Cannabis Industry: A Guide for Operators
FARRIS FORWARD: Welcome to Farris Forward, a new series of articles curated by Jon Farris and distributed by Highly Capitalized. The series highlights the insights and strategies being deployed by industry insiders and experts, offering ...
The Cannabis Debate in Texas: A Clash of Economic Potential and Cultural Values
DALLAS -In the midst of a shifting national perspective on cannabis legalization, Texas finds itself at a pivotal juncture, where economic prospects are being meticulously weighed against deeply entrenched cultural values and public safety concerns. ...
Local Initiatives Pave the Way for Potential Statewide Cannabis Decriminalization in Texas
DALLAS- In the heart of Texas, a state steeped in a tradition of independence and self-reliance, a grassroots movement is taking shape that could potentially alter the legal landscape surrounding cannabis possession and use. Several ...
Benzinga Cannabis Capital Conference Unites Industry Titans and Advocates in Chicago
CHICAGO–Benzinga Cannabis Capital Conference, the world's largest and most successful cannabis investing and finance event, will return to Chicago on Sept. 27-28, 2023, at the Magnificent Mile Marriott in the heart of the Windy City. ...
Massachusetts Cannabis Sales Soar to $5 Billion Amid Regional Demand Surge
In a remarkable display of the burgeoning cannabis industry's strength, Massachusetts reported a milestone in adult-use cannabis sales, hitting the $5 billion mark on August 31. This achievement comes on the heels of record-breaking monthly ...
MindMed Advances in Anxiety Treatment with Successful Phase 2b Study Enrollment
LOS ANGELES -- In a significant development in the biopharmaceutical sector, MindMed, a clinical-stage company listed on NASDAQ and NEO has successfully wrapped up the enrollment and dosing phase of a critical study, MMED008. This ...
Floridians Show Significant Support for Adult-Use Cannabis, Poll Finds
LOS ANGELES-- A recent survey conducted by the University of South Florida and Florida Atlantic University has revealed that a substantial majority of Floridians are in favor of legalizing adult-use cannabis, with a significant portion ...
Psyched Wellness Secures $4.5 Million in Second Tranche of Financing, Aims to Expand Amanita Muscaria Product Line
LOS ANGELES-- Psyched Wellness Ltd., A player in the functional mushroom sector, has successfully closed a second tranche of its non-brokered private placement, securing gross proceeds of $4.5 million, as per the company's recent announcement. ...
New York Opens the Door for Established Cannabis Operators to Enter the Adult-Use Market
NEW YORK-- In a significant move that could reshape the cannabis landscape in New York, state regulators voted on Tuesday to permit existing medical cannabis operators to apply for adult-use retail licenses. This decision potentially ...
Amsterdam’s Cannabis Tourism Dwindles, Paving the Way for New Global Hotspots
LOS ANGELES-- In a significant shift, Amsterdam, which has long been a hub for cannabis tourism, is recalibrating its stance on the industry amid rising concerns over crime and public disorder. This change is not ...
Filament Health Partners with Reset Pharma to Explore Psychedelic-Based Treatment for Cancer Patients
LOS ANGELES-- In a significant development in the burgeoning field of psychedelic medicine, Filament Health, a publicly traded company, has entered into a licensing agreement with biotech firm Reset Pharmaceuticals Inc. The collaboration aims to ...
Colorado’s Natural Medicine Division to Host Listening Sessions on Psychedelic Legalization Rollout
LOS ANGELES-- In a move to foster community engagement and gather diverse perspectives, the Colorado Natural Medicine Division, operating under the Department of Revenue, has announced a series of "listening sessions" scheduled throughout September and ...
Cannabis Legalization in Texas: A Complex Landscape Rooted in Tradition and New Perspectives
DALLAS- In the midst of a nationwide shift towards the acceptance of cannabis use, Texas remains a bastion of resistance, holding firmly to its stringent regulations surrounding the substance. As the nation grapples with evolving ...
California Poised To Be Third U.S. State to Decriminalize Psychedelics
LOS ANGELES–California is poised to become the third state in the nation to decriminalize the use of psychedelics, following the State Assembly's recent approval of a bill. This legislation would grant individuals aged 21 and ...
Building a Robust Brand: A Blueprint for Success in the Cannabis Industry
LOS ANGELES-- In a rapidly evolving market, cannabis companies are urged to adopt a nuanced approach to brand building, harmonizing seasoned cannabis expertise with established business principles to foster growth and sustainability. Steve Goldner, a ...
Cannabis ETF MSOS Skyrockets Following HHS Rescheduling Recommendation; Valuations Surge
NEW YORK— The cannabis industry has witnessed unprecedented growth in recent years, and the latest surge comes on the heels of a groundbreaking announcement by the U.S. Department of Health and Human Services (HHS). The ...
California Poised To Be Third U.S. State to Decriminalize Psychedelics
LOS ANGELES–California is poised to become the third state in the nation to decriminalize the use of psychedelics, following the State Assembly's recent approval of a bill. This legislation would grant individuals aged 21 and ...
North Carolina’s Eastern Band of Cherokee Indians Votes to Advance Cannabis Reform
LOS ANGELES-- In a significant move that could potentially reshape the cannabis landscape in North Carolina, the Eastern Band of Cherokee Indians (EBCI) has voted in favor of advancing cannabis reform within their territory. The ...
Cannabis Legalization Linked to Decline in Youth Treatment Referrals, New Studies Suggest
LOS ANGELES-- Recent data published in the Journal of Addiction Medicine indicates a decline in cannabis treatment referrals for young individuals following the legalization of the substance. The study, conducted by researchers at Temple University, ...
California Joins Growing List of States Reevaluating the Legal Status of Psychedelic Substances
LOS ANGELES-- In a significant legislative move, California lawmakers have granted final approval to a bill that seeks to decriminalize the personal possession and use of psilocybin mushrooms and several other plant-based psychedelics, including DMT ...
NY Cannabis Licensing Stalled Amid Legal Disputes
LOS ANGELES -- in a recent development that adds to the ongoing complexities surrounding the launch of licensed businesses in New York's adult-use cannabis market, Albany County Supreme Court Judge Kevin R. Bryant has reversed ...
Cannabis Workers Seal Landmark Deal in Illinois
LOS ANGELES-- In a significant development in the burgeoning cannabis industry, workers at three Rise dispensaries in Illinois have successfully ratified their inaugural collective bargaining agreement. Rise, a subsidiary of the multi-state operator Green Thumb ...
