Consumer Research
Argentina Overhauls Medical Cannabis Program with Stricter Regulations
LOS ANGELES- In 2025, Argentina implemented significant reforms to its ...
Week In Review: Bipartisan Legislation Proposes Framework for Federal Cannabis Legalization; Village Farms International Granted 180-Day Extension to Meet NASDAQ; New Mexico Takes a Landmark Step Toward Legal Psychedelic Therapy
LOS ANGELES — Welcome to the far too-exciting world of ...
$10M Medicaid Settlement Raises Alarms Over Political Spending Tied to DeSantis’ Anti-Cannabis Push
LOS ANGELES- Florida’s medical settlement funds are under scrutiny after ...
Trulieve Reports Strong Fourth Quarter Performance
LOS ANGELES- Trulieve Cannabis Corp., a multi-state cannabis operator, has announced its financial results for the fourth quarter and full year ending December 31, 2024, showcasing notable growth and operational efficiency. Financial Highlights Revenue: The ...
Solvonis Therapeutics to Acquire Awakn Life Sciences in Strategic Biotech Merger
LOS ANGELES- Solvonis Therapeutics PLC, a UK-based biotechnology firm specializing in treatments for mental health and substance use disorders, has entered into an agreement to acquire Awakn Life Sciences Corp., a Toronto-based company developing therapeutics ...
Compass Pathways Projects FY2025 Net Cash Use of $120M-$145M
LOS ANGELES- Compass Pathways plc a mental health care company specializing in psilocybin therapy, has announced an expected net cash utilization of $120 million to $145 million for the fiscal year 2025. As of February ...
New York’s Cannabis Tax Revenue Surges Amid Market Expansion
LOS ANGELES- New York State is experiencing a significant increase in tax revenue from legal cannabis sales. For the fiscal year ending March 31, 2025, the state anticipates collecting $161.8 million, a fourfold increase from ...
Regulatory Challenges for Hemp Beverages in the USA
LOS ANGELES - The hemp beverage industry in the United States is growing rapidly, driven by consumer demand for wellness-focused and sustainable alternatives to traditional drinks. According to Fortune Business Insights, the U.S. cannabis beverage ...
The Rise of Cannabis Beverages: Trends and Market Insights for 2025
LOS ANGELES - Cannabis beverages are gaining traction in the health and wellness industry as a new way to deliver cannabinoid benefits. As 2025 approaches, this market is projected to grow significantly, evolving consumer preferences ...
Poland’s Medical Cannabis Prescriptions Decline Amid Regulatory Changes
LOS ANGELES- Recent regulatory changes in Poland have led to a significant decrease in medical cannabis prescriptions. In August 2023, the Ministry of Health implemented a regulation requiring physicians to verify a patient's medication history ...
Arizona’s Cannabis Sales Experience Downturn in 2024
LOS ANGELES- In 2024, Arizona's combined medical and adult-use cannabis market saw a decline, with total sales amounting to $1.1 billion, a decrease from the nearly $1.3 billion recorded in both 2022 and 2023. The ...
New Jersey Governor Proposes Increase to Cannabis Social Equity Tax
LOS ANGELES- Governor Phil Murphy has proposed raising New Jersey's social equity excise fee on cannabis from $2.50 to $15 per ounce. This proposal aims to generate additional revenue for social service and violence intervention ...
Industrial Hemp Regulation Undergoing Comprehensive Review
LOS ANGELES- The regulatory framework governing industrial hemp is currently under extensive review, aiming to address emerging challenges and align with evolving industry practices. This initiative seeks to refine existing policies to better support the ...
RIV Capital Expresses Optimism for New York Cannabis Market Amid Regulatory Developments
LOS ANGELES-- RIV Capital remains optimistic about its position in the New York cannabis market, as highlighted during the company's fourth-quarter and fiscal year-end 2023 earnings call. Interim CEO Mike Totzke expressed confidence in RIV's ...
Oklahoma Governor Kevin Stitt Vetoes Legislation Restricting Medical Cannabis Access
OKLAHOMA -- In a recent development, Republican Governor Kevin Stitt of Oklahoma has vetoed Senate Bill 437, a piece of legislation that aimed to impose new rules limiting patients' access to medical cannabis. The proposed ...
Michigan Cannabis Regulatory Agency Revokes Candid Labs’ Licenses for Violations
LOS ANGELES-- In a recent development, the Michigan Cannabis Regulatory Agency (MRA) has permanently revoked the business licenses of Candid Labs, operating as Layercake Farms 2, located near Owosso. Owned by Ramon Hana, Candid Labs ...
Louisiana Moves Towards Expungement Reform, Allowing Clear Path for Cannabis Offenders
LOS ANGELES-- In a significant step towards criminal justice reform, lawmakers in Louisiana's House and Senate have approved legislation that paves the way for the expungement of marijuana possession convictions. House Bill 286, now on ...
Antigua & Barbuda Support Religious Freedom by Legalizing Cannabis for Rastafarians
LIBERTA, Antigua — In a momentous stride toward religious freedom and cultural recognition, the government of Antigua and Barbuda has granted Rastafari adherents the authority to cultivate and utilize their sacred plant. This historic decision ...
New York Cannabis Control Board Faces Challenges in Retail Market Rollout
NEW YORK-- The New York Cannabis Control Board recently convened a meeting filled with action and key decisions, including the approval of 36 new retail permits. However, the board faced challenges related to the slow ...
Hexo’s Acquisition by Tilray Hangs in the Balance, Putting Hexo at Risk of Default
LOS ANGELES-- Canadian licensed cannabis producer Hexo Corp. faces a critical juncture as its acquisition by Tilray Brands hangs in the balance. In a near-unanimous vote, Hexo shareholders approved the acquisition on Wednesday. However, the ...
Alabama Medical Cannabis Commission Grants Licenses to Cannabis Businesses
LOS ANGELES -- In a momentous development for the medical cannabis industry in Alabama, the Alabama Medical Cannabis Commission (MCC) announced the recipients of its highly anticipated first round of business licenses. The MCC, responsible ...
PharmAla Biotech and Psyched Wellness Secure Funding for Research and Development
LOS ANGELES-- In the ever-evolving landscape of psychedelic drug companies, securing funding has become increasingly challenging. However, two firms, PharmAla Biotech Holdings Inc. and Psyched Wellness Ltd., have recently announced successful rounds of funding, allowing ...
Dispensaries Drive New Mexico’s Cannabis Industry Employment, Reveals Workforce Report
LOS ANGELES-- According to a recent report released by the New Mexico Department of Workforce Solutions, the cannabis industry in the state employed more than 4,600 workers by the end of last year, with a ...
Numinus Wellness Inc. Appoints Nikhil Handa as Chief Financial Officer
LOS ANGELES-- Numinus Wellness Inc. a mental health care company focusing on innovative treatments and evidence-based psychedelic-assisted therapies, has announced the appointment of Nikhil Handa as its new Chief Financial Officer, effective June 2023. The ...
RIV Capital Inc. Announces Fiscal Year 2023 Results and Updates on New York Cannabis Market
LOS ANGELES-- RIV Capital Inc., an acquisition and investment firm focused on building a leading multistate cannabis platform, released its financial results for the fourth quarter and fiscal year ended March 31, 2023. Despite the ...
Licensed Pharmacies in Georgia Set to Begin Cannabis Oil Sales by Late August
LOS ANGELES-- The legal cannabis market in Georgia is poised to expand significantly as the state Board of Pharmacy recently introduced regulations enabling independent pharmacies to distribute cannabis oil. This development, following the legalization of ...
Leafly Faces Scrutiny After Removing Investigative Articles on Trulieve Worker’s Death
LOS ANGELES–Leafly, a previously well-regarded online cannabis platform, has come under fire for removing two crucial articles that delved into the tragic death of Lorna McMurrey, a 27-year-old cannabis worker. McMurrey collapsed during her ...
The Growing Green Wave: Cannabis Industry Emerges in Europe, Paving the Way for New Players
NICE, France-As European countries increasingly seek to legalize cannabis, companies from across the globe are eyeing opportunities in the budding market. Calls to legalize cannabis are mounting across Europe, as a growing number of countries ...
The Growing Green Wave: Cannabis Industry Emerges in Europe, Paving the Way for New Players
NICE, France-As European countries increasingly seek to legalize cannabis, companies from across the globe are eyeing opportunities in the budding market. Calls to legalize cannabis are mounting across Europe, as a growing number of countries ...
New York Lawmakers Greenlight Cannabis Sales to Tribal Nations, Aiding Retail Rollout
NEW YORK- In a significant development for New York's cannabis industry, lawmakers have approved a bill that permits licensed cannabis farmers to sell their products to tribal nations with established cannabis markets. This move comes ...
Cannabis Industry Giant Glass House Faces Lawsuit Alleging Illicit Market Activities
LOS ANGELES-- In a daring move that has caught the attention of the cannabis industry, Catalyst Cannabis Co.'s CEO, Elliot Lewis, has taken legal action against Glass House Brands, one of California's leading cannabis mega-growers. ...
Aurora Cannabis Inc. Reports Adjusted EBITDA in Q3 2023
LOS ANGELES-- Aurora Cannabis Inc., a Canadian cannabis company released its financial and operational results for the third quarter and fiscal year 2023, demonstrating positive momentum and a commitment to financial discipline. The company's ongoing ...
C21 Investments Inc. Files Audited Financial Statements for Fiscal Year 2023, Reports Revenue Decline and Positive Net Income
LOS ANGELES-- C21 Investments Inc. announced the filing of its audited financial statements and management discussion and analysis for its fiscal year ended January 31, 2023. The financial statements, prepared in accordance with U.S. Generally ...
Humble & Fume Inc. Successfully Closes Non-Brokered Private Placement
TORONTO— Humble & Fume Inc. a distributor of cannabis and cannabis accessories in North America, has announced the successful closing of its non-brokered private placement of convertible debenture units. The offering, which was previously announced ...
IM Cannabis Corp. Achieves Compliance with Nasdaq Listing Standards
TEL AVIV — IM Cannabis Corp. a medical cannabis company operating in Israel and Germany, announced today that it has received formal notice from The Nasdaq Stock Market, LLC ("Nasdaq") confirming the company's compliance with ...
Pennsylvania House Judiciary Committee Considers Resolution Urging Federal Descheduling of Cannabis
LOS ANGELES -- The Pennsylvania House Judiciary Committee is currently examining a resolution that urges the federal government to remove cannabis from the list of controlled substances. The resolution highlights that 38 U.S. states and ...
Nevada Lawmakers Pass Cannabis Reform Bill, Awaits Governor’s Signature
LOS ANGELES-- Nevada lawmakers have granted final approval to a comprehensive cannabis reform bill that introduces several significant changes to the state's cannabis industry. Senate Bill 277, as reported by Forbes, encompasses the following ...
USDA Acknowledges Hemp’s Significance by Adding It to Agricultural Technical Advisory Committee Title
LOS ANGELES-- The U.S. Department of Agriculture (USDA) has made a noteworthy move that underscores the recognition of hemp as a valuable commodity. The agency will include hemp in the title of one of its ...
