Consumer Research
M&A Heats Up: Kiva Sales & Service and Petalfast Sign LOI to Combine Operations
LOS ANGELES- Kiva Sales & Service (KSS) has signed a ...
Curaleaf Reports Q4 and FY 2025 Financial Results
NEW YORK – Curaleaf Holdings Inc. released its earnings for ...
DOJ Urges SCOTUS to Ban Cannabis Consumers from Owning Guns
WASHINGTON, D.C. –The U.S. Department of Justice is strongly urging ...
Verano Raises Credit Limit to $100M, Extending Repayment Deadline to 2029
CHICAGO – Verano Holdings Corp. disclosed an update to its revolving credit facility that lifts the available funds to $100 million and stretches the repayment deadline. The change adds $25 million to the prior $75 ...
Circle K Tests Hemp THC Waters in Texas
DALLAS – Circle K has begun stocking shelves with hemp-derived THC beverages at select Texas stores, marking the c-store chain's first foray into the state's market for intoxicating hemp products. The rollout, in partnership with ...
Is the Movement to Repeal Adult-Use Cannabis in Three States a Real Threat to Their Budgets?
NEW YORK – In a development that has raised eyebrows among industry watchers, advocacy groups in Massachusetts, Maine, and Arizona are pushing ballot measures to dismantle key elements of adult-use Cannabis programs, even as these ...
OPINION: The Looming Federal Clampdown on THC Drinks and Hemp-Derived Edibles: What It Means for the Industry
NEW YORK- The quiet addition of a single paragraph in November’s federal shutdown bill has sent shockwaves through one of the fastest-growing segments of U.S. Cannabis: hemp-derived THC beverages and edibles. Unless Congress intervenes, a ...
Tilray Executes 1-for-10 Reverse Stock Split to Trim Shares and Cut Costs
NEW YORK – Tilray Brands Inc. confirmed it will carry out a 1-for-10 reverse stock split on its common shares, a step shareholders greenlit back in June to help the company meet Nasdaq listing standards ...
New York State OCM Updates Medical Cannabis Program, Expands Access for Out-of-State Patients
ALBANY – Governor Kathy Hochul signed a bill into law that extends New York's medical Cannabis program to patients certified in other states, marking the most substantial revision to the initiative since its 2016 launch. ...
New Brunswick Government Bets on Organigram with $2M Grant
MONCTON – Organigram Global Inc. has secured $2 million in provincial funding to support a $9.3 million project aimed at revamping its flagship cultivation site here. The upgrade, which targets lighting systems across 75 grow ...
MindMed Rebrands as Definium Therapeutics, Targets 2026 Trials for LSD-Based Treatments
NEW YORK – Mind Medicine (MindMed) Inc., a developer of treatments derived from psychedelics for mental health conditions, has changed its name to Definium Therapeutics Inc., a move that underscores its push into late-stage testing ...
Sunderstorm Welcomes Lime to Its Family of Brands
LOS ANGELES – Sunderstorm, the California-based Cannabis company behind the popular Kanha edibles line, revealed its purchase of Lime, an expert in pre-rolled joints that has carved out a steady presence in the state's retail ...
Curaleaf Observes Delaware Base to Tighten U.S. Footprint
DOVER – Curaleaf Holdings Inc. has filed for shareholder approval to relocate its corporate domicile from British Columbia, Canada, to Delaware, a change designed to match its heavy concentration of business in the American market. ...
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 ...
Cybin Inc. Awarded Patents in Japan, Strengthening Global Psychedelic Research Efforts
NEW YORK— Cybin Inc. a biopharmaceutical industry dedicated to transforming mental healthcare with innovative psychedelic-based therapies, has achieved a significant milestone with the recent grant of two patents by the Japan Patent Office. These patents, ...
Hawaii Lawmakers Deliberate on Trio of Cannabis Legalization Proposals
LOS ANGELES— In a pivotal legislative session, Hawaii's lawmakers are presented with three distinct proposals aimed at reforming the state's cannabis laws. These include two notable bills pushing for the legalization of adult-use cannabis, alongside ...
Kentucky State Representative Proposes Bill for Adult-Use Cannabis Legalization
LOS ANGELES- In a bold move within the traditionally conservative state of Kentucky, State Representative Rachel Roberts (D) has introduced legislation aimed at legalizing and regulating adult-use cannabis. The proposed "House Bill 420," aptly named ...
Short-Term Capital Gains vs. Long-Term Capital Gains – What’s the Difference?
Have you ever wondered why gains are separated between long-term and short-term when you receive your 1099 at tax time? There is a very good reason for that, and one you might want to consider ...
What the Heck Is a Wash Sale?
Investing has become much more accessible since Robinhood became a thing. But do you know what a wash sale is and how it will impact your tax return? You have a stock, it dips, and ...
Pennsylvania Governor Shapiro Advocates for Cannabis Legalization
LOS ANGELES- In a significant push towards cannabis reform, Pennsylvania Governor Josh Shapiro, a Democrat, has called upon lawmakers to fully legalize recreational cannabis, emphasizing the economic and social justice benefits such a move could ...
Germany’s Government Coalition Finalizes Cannabis Legalization Policy
BERLIN- Germany is poised to make a significant shift in its drug policy landscape as the government coalition, known as the Traffic Light Coalition, has finalized its cannabis legalization policy. This development, reported by Forbes, ...
Clearmind Medicine Secures Patent in China
LOS ANGELES- In a significant advancement for the field of psychedelic-derived therapeutics, Clearmind Medicine, a biotechnology firm with operations in Tel Aviv, Israel, and Vancouver, Canada, has been granted a patent in China for a ...
Cannabis and Exercise: Challenging Stereotypes of ”Lazy Stoner”
DENVER- In a recent study conducted at the University of Colorado at Boulder, researchers delved into the relationship between cannabis consumption and exercise habits among older Americans. Contrary to prevailing stereotypes, the findings challenged the ...
MindBio Therapeutics Advances in Psychedelic Research
LOS ANGELES- MindBio Therapeutics Corp. is on the brink of completing a pivotal Phase 2a clinical trial, marking a significant milestone in the study of psychedelic substances for therapeutic purposes. The trial focuses on the ...
Hawaii Introduces Bill to Regulate Psilocybin Therapy Amid Growing Interest in Psychedelic Medicine
LOS ANGELES- In an innovative step towards mental health treatment, Hawaii lawmakers have introduced legislation aimed at creating a regulatory framework for the therapeutic use of psilocybin. The proposed Senate Bill 3019, introduced by Sen. ...
What the Heck Is a Wash Sale?
LOS ANGELES- Investing has become much more accessible since Robinhood became a thing. But do you know what a wash sale is and how it will impact your tax return? You have a stock, it ...
California R&D Tax Credit for the Cannabis Industry
LOS ANGELES- The cannabis industry in the U.S. is growing rapidly. As of February 2022, 37 states allow the medical use of cannabis products, and 18 have enacted measures to regulate cannabis for non-medical use. ...
Florida Legislators Propose Potency Caps on Cannabis Ahead of Legalization Vote
NEW YORK - In a preemptive move by Florida's lawmakers, a bill proposing potency caps on adult-use cannabis products has made progress within the state's legislative framework. The measure, known as HB1269, aims to establish ...
Arizona Embarks on Psychedelic Therapy Frontier with Psilocybin Service Center Legislation
LOS ANGELES- In a significant step towards the integration of psychedelic therapy into mainstream healthcare, Arizona is positioning itself at the forefront of a growing movement. Bipartisan lawmakers have introduced groundbreaking legislation aimed at legalizing ...
New York Governor Calls State’s Cannabis Roll-Out a “Disaster”
NEW YORK- Governor Kathy Hochul of New York has openly criticized the state's approach to rolling out its adult-use cannabis market, describing the process as a "disaster." This candid admission comes amidst a series of ...
Silo Pharma Announces Strategic Focus on Psychedelic and Traditional Therapeutics for 2024
LOS ANGELES- Silo Pharma, Inc., a developmental stage biopharmaceutical company, has outlined a strategic focus for its clinical pipeline in 2024, emphasizing the advancement of novel formulations and drug delivery systems for both traditional therapeutics ...
Planet 13 Expands into Florida with Strategic Acquisition of VidaCann
LOS ANGELES- In a bold move aimed at broadening its footprint in the burgeoning U.S. cannabis market, Planet 13 has announced its acquisition of VidaCann, a significant player in the Florida cannabis sector. This all-stock ...
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 ...
