Consumer Research
California DCC Grants $1.8M to UC Berkeley and Glass House Brands for Cannabis Yield Study
LONG BEACH – State regulators have awarded $1.8 million to ...
Craft Cannabis Market Projects Steady Climb to $12.3B by 2031
LOS ANGELES – Small-scale producers in the Cannabis industry are ...
FDA Signals Shift to Single Phase 3 Trials for Drug Approvals, Opening Door for Faster Psychedelic Therapies
LOS ANGELES – The Food and Drug Administration is preparing ...
Cannabis Industry Eyes Quadrupled Growth Through 2033, Research and Markets Reports
LOS ANGELES – A new report from Research and Markets forecasts the global Cannabis market will expand from $39.1 billion in 2024 to $151.72 billion by 2033, reflecting a compound annual growth rate (CAGR) of ...
Curaleaf Secures $100M Revolving Credit Facility
STAMFORD – Curaleaf Holdings Inc. closed an expanded revolving credit agreement with Needham Bank, increasing its borrowing limit to $100 million from $40 million and extending the term to as long as five years. The ...
Planet 13 Expands Florida Footprint
LAS VEGAS – Planet 13 Holdings Inc., a vertically integrated Cannabis operator with cultivation, production, and retail operations in four states, launched its latest medical Cannabis outlet in DeLand, Florida. The store, situated in the ...
Week In Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – Wrapping up the first half of September 2025, it's worth noting that the Cannabis & Psychedelics industries continue proving their resilience amid political uncertainty and turbulent market dynamics. From stock rallies signaling ...
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 ...
Target Quietly Enters the THC Beverage Market — As Republicans Push to Recriminalize Hemp
LOS ANGELES- Target — one of America’s largest retailers — has quietly begun stocking THC-infused beverages at select stores in Minnesota, signaling one of the most significant steps yet in the mainstreaming of Cannabis consumer ...
Thai PM Renews Drug Crackdown Vow as Cannabis Sector Awaits Policy Clarity
BANGKOK – Prime Minister Anutin Charnvirakul, who once spearheaded Thailand's shift toward Cannabis tolerance, has recommitted his administration to aggressive narcotics enforcement, promising to "win the war on drugs" in a move that underscores the ...
Ohio Governor Enacts Halt on Sales of Hemp-Derived THC Products
COLUMBUS – Ohio Governor Mike DeWine issued an executive order on October 8, 2025, directing retailers to pull intoxicating hemp products from shelves by next Tuesday, marking a sharp intervention in the state's unregulated market ...
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 ...
A 39-Item Tax and Accounting Year-End Checklist for Your Small Business
Keeping your accounting records up to date all year long is essential for any business so you can see exactly where your business stands and be able to make thoughtful decisions based on clean numbers. ...
Transfer Pricing Is an Often-Overlooked Necessity in Cannabis
Cannabis industry participants face a tough battle under a litany of regulations that may not change much in the near future. Transfer pricing rules must be considered and acted on properly to avoid even more ...
