Consumer Research
Mid-Cap Cannabis Operators Face Liquidity Pressures Despite Solid Leverage, Viridian Report Finds
LOS ANGELES – Public Cannabis companies with $25-100 million market ...
Delta-8 THC Consumption Peaks in States Lacking Adult-Use Cannabis Access, Study Finds
SAN DIEGO – A new study conducted by researchers at the University of California San Diego reveals that adults, residing in states where recreational Cannabis remains illegal, are almost twice as likely to use delta-8 ...
NORML Calls for MORE Act Support to Transform Federal Cannabis Policy
LOS ANGELES – On August 29, a group of Democratic lawmakers reintroduced the Marijuana Opportunity Reinvestment and Expungement (MORE) Act (H.R. 5068). The legislation seeks to remove (deschedule) Cannabis entirely from the Controlled Substances Act ...
SHF Holdings Introduces Banking Solution for Cannabis Businesses and Financial Institutions
DENVER – SHF Holdings, Inc. operating as Safe Harbor Financial, has launched a new Fully Managed Cannabis Banking Program, designed to streamline financial services for banks and credit unions serving the regulated Cannabis industry. Announced ...
HCN Launches HCN Pay: The First Dual-Processor Payments Solution Designed Specifically for Cannabis Retail
LOS ANGELES — Highly Capitalized Network, a leading business and financial media platform for the Cannabis, psychedelics, and wellness industries, has officially launched HCN Pay, a breakthrough payments solution built exclusively for Cannabis retailers. HCN ...
Week In Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES - Critical compliance issues, market exits, and clinical and regulatory breakthroughs shaped a turbulent week for cannabis and psychedelics businesses. Cannabis Industry Highlights 1.Cresco Labs Exits California, Refocuses on Profitability Cresco Labs confirmed ...
Glass House Brands Tightens Up Compliance After ICE Raids Shake Operations
LOS ANGELES – Glass House Brands Inc. has swiftly moved to strengthen its compliance protocols following federal immigration raids on two of its California farms on July 10. Conducted by U.S. Immigration and Customs Enforcement ...
Canada’s Cannabis Industry Defies Economic Odds
TORONTO – In a striking contrast to Canada’s faltering economy, the legal Cannabis industry continues to flourish, bolstering the nation’s GDP while other sectors struggle. Statistics Canada reports that the licensed cannabis sector grew by ...
NY Regulators Delay Hearing in Bid for Settlement with Cannabis Dispensary Owners
NEW YORK – New York state Cannabis regulators have postponed a key hearing on a disputed proximity rule, aiming to negotiate a resolution with affected dispensary operators. The move comes after a lawsuit from business ...
Cannabis Stocks Rally but Remain Undervalued Relative to Peers, Viridian Report Finds
LOS ANGELES – U.S. Cannabis companies have posted impressive gains this year, yet their valuations still trail those of comparable industries, a new analysis from Viridian Capital Advisors indicates. The Weekly Chart by Viridian plots ...
Week In Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – Recent developments in the Cannabis and psychedelics sectors point to a period of cautious optimism, marked by stock gains, legal battles, and innovative expansions. From property value boosts tied to legalization to ...
Lucy Scientific Anticipates Sharp Losses Amidst Regulatory and Operational Costs
LOS ANGELES- Lucy Scientific Discovery Inc. has been in the spotlight, not for its recent acquisitions but for missing its annual report filing deadline with the U.S. Securities and Exchange Commission (SEC). While the company ...
Georgia Pharmacies to Offer Low-THC Cannabis Oil, Expanding Access for Medical Patients
ATLANTA- In a pioneering move, Georgia has become the first state in the U.S. to greenlight the sale of medical cannabis at independent pharmacies, with the objective of simplifying access for its registered medical cannabis ...
PharmaCielo Seeks Financial Stabilization Amid Growing Losses
LOS ANGELES- In a bid to counter increasing financial setbacks, PharmaCielo Ltd., the parent company of the Colombian cannabis cultivator PharmaCielo Colombia Holdings S.A.S., has raised $3.3 million in a recent investment round. Through the ...
Gavin Newsom’s Veto of Cannabis Cafes and Psychedelic Medicine: A Balancing Act
LOS ANGELES-California Governor Gavin Newsom's recent actions on cannabis-related bills have left both proponents of cannabis reform and the cannabis industry with mixed feelings. While he signed several bills into law that will bring significant ...
Clearmind Medicine Partners with Johns Hopkins for Psychedelic-Derived Therapeutic Trials
TEL AVIV— Clearmind Medicine Inc. a biotech firm the charge in discovering and developing innovative psychedelic-derived treatments for significant health concerns, revealed a new collaboration today. The company has forged a Clinical Trial Agreement with ...
Bank of Korea Initiates Central Bank Digital Currency Pilot Program
SEOUL — In a significant move to digitize its currency infrastructure, The Bank of Korea (BOK), in collaboration with the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS), is rolling out a pilot ...
The Cannabist Company Announces Partial Redemption of Senior Secured Notes
NEW YORK – The Cannabist Company Holdings Inc a major cultivator, manufacturer, and retailer of cannabis products in the U.S., has announced its intention to partially redeem its outstanding 13% senior secured notes due by ...
California’s Psychedelic Dilemma: Governor Newsom’s Tightrope Walk on SB58
LOS ANGELES— Six decades of advocacy for psychedelic legalization in California might finally culminate with the passage of SB58, a landmark bill proposing the decriminalization of certain natural psychedelics for therapeutic use. Having cleared the ...
Arizona’s Cannabis Social Equity Licenses: Intent Versus Outcome
PHOENIX — The State of Arizona's well-intentioned efforts to address historical disparities in the cannabis industry appear to be veering off course. A deep dive into the allocation of social equity licenses, designed to benefit ...
Canada’s Long-Awaited Cannabis Strategy Table Takes Shape
TORONTO — Nearly two years after its announcement, Canada's government-mandated cannabis "strategy table" is beginning to show signs of activity. The initiative, aimed at addressing core challenges faced by the nation's beleaguered cannabis industry, had ...
California Governor Newsom Paves the Way for Psychedelic Medicine
LOS ANGELES- In a historic move, Governor Gavin Newsom has put California at the forefront of the psychedelic medicine movement. The Democratic Governor recently signed groundbreaking legislation that would allow healthcare professionals to prescribe substances ...
Harvesting Opportunities Amid Seasonal Price Fluctuations
LOS ANGELES— Among decaying cornstalks and scarecrows, spanning 120 acres north of Paw Paw on County Road 665, stands a rich, green crop of lucrative trees — marijuana plants from Grasshopper Farms. In the cannabis ...
Florida Supreme Court to Deliberate on Cannabis Legalization Ballot Initiative
LOS ANGELES — A contentious ballot initiative that could legalize cannabis for adult use in Florida will be debated in the state's highest court. The Florida Supreme Court has slated November 8 for oral arguments ...
Nationwide Inconsistencies in Cannabis Testing Raise Concerns over Consumer Safety
NEW YORK — With increasing numbers of states legalizing cannabis, state marijuana regulators, producers, and other invested parties are wrestling with how to protect consumers, especially in a landscape where lab-testing requisites, enforcement, and broad-scale ...
New York Cannabis Licensing Resumes Amid Legal Controversies
NEW YORK — The Empire State today marked the opening of its general cannabis licensing window, despite the legal blockade on its Conditional Adult-Use Retail licensing program put in place by a judicial ruling in ...
Atai Life Sciences and Cybin Announce Progress in Psychedelic Drug Studies
LOS ANGELES-- In a sector where every advancement is keenly watched, two significant players in the psychedelic drug industry provided the market with notable updates on their respective drug testing procedures. Atai Life Sciences Shares ...
Medical Cannabis Push Gains Momentum in Idaho
IDAHO — The quest to introduce medical cannabis in Idaho is gathering steam, spearheaded by the determined advocacy group, Kind Idaho. The Gem State remains one of the final holdouts in the nation without any ...
Cybin Inc. Successfully Completes Phase 2 Dosing of Promising Psilocybin Analog for Depression Treatment
NEW YORK — Cybin Inc., a psychedelic-based medical treatments, announced today the successful completion of its Phase 2 clinical trial for CYB003, a proprietary deuterated psilocybin analog. The compound is being evaluated as a potential ...
Georgia Health Officials Miscount Medical Cannabis Patients, Affecting Dispensary Plans
ATLANTA — A recent revelation by the Georgia Department of Public Health (DPH) has stirred the state’s medical cannabis industry. The DPH admitted to a significant overestimation of the number of medical cannabis patients and ...
U.S. Targets Chinese Firms Over Fentanyl Production
WASHINGTON — In a firm response to the surge of synthetic opioids like fentanyl linked to overdose deaths, the Biden administration unveiled a series of indictments and sanctions targeting Chinese firms and executives implicated in ...
Cannabis Stocks Show Resurgence Amid Regulatory Optimism
NEW YORK- Cannabis stocks, as reflected by the Global Cannabis Stock Index, experienced an explosive upturn on August 30, in light of recent revelations. The Department of Health and Human Services proposed to the DEA ...
California Cannabis Bills Await Governor’s Signature: Implications for Social Equity and Business
LOS ANGELES— A recent session saw California lawmakers passing multiple cannabis-related bills, with the industry carefully watching provisions that address social equity concerns, consumption lounges, and product labeling. Governor Gavin Newsom has until October 14 ...
MediPharm Settles $9 Million Dispute with HEXO Following Tilray’s Acquisition
TORONTO — The landscape of the Canadian cannabis industry experienced a recent shift with the news of MediPharm's $9 million settlement, resolving a lingering commercial disagreement with HEXO. The announcement comes on the heels of ...
U.S. Senate Banking Committee Advances SAFER Banking Act: A Look at the Stance and Votes
WASHINGTON — The U.S. Senate Banking Committee's anticipated markup of the SAFER Banking Act took place on Sept. 27, marking significant progress in the upper chamber for the legislation. The bill aims to streamline cannabis-related ...
Federal Judge Halts Arkansas Ban on Hemp-derived THC Products
LOS ANGELES- A significant judicial ruling in Arkansas has stalled the state's efforts to reclassify and criminalize hemp-derived THC products. U.S. District Court Judge Billy Roy Wilson issued an order preventing the enforcement of a ...
