Cresco Labs Reports Q1 2026 Financial Results
CHICAGO – Cresco Labs Inc. released its first-quarter results, showcasing the ongoing efforts of one of the largest MSOs to strengthen operations across its footprint while preparing for potential changes at the federal level. With ...
Cronos Group Reports Q1 2026 Financial Results
TORONTO – Cronos Group Inc. posted record net revenue and gross profit for the first quarter of 2026, driven by higher sales volumes, a favorable product mix, and gains in key markets. The Cannabis company ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – The past two weeks brought measurable movement across federal policy, corporate financial reporting, international deals, and product categories in the U.S. Cannabis sector. Operators absorbed details on rescheduling implications, watched hemp-derived THC ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – The U.S. Cannabis sector has settled into a phase defined by operational discipline rather than continued expansion. While mature markets continue to generate reliable revenues, wholesale price compression and margin erosion have ...
From Survival to Execution: Hall of Flowers Ventura Reflects an Evolving Cannabis Industry
LOS ANGELES- Hall of Flowers Ventura continues to set the standard for what a modern Cannabis industry event should look and feel like—focused, curated, and highly effective. Hall of Flowers Ventura this past March 18 ...
Updated: Europe’s Cannabis Business Events 2026
BERLIN- Europe’s Cannabis market is moving from theory to execution. And the clearest signal is the event calendar. From Berlin to London to Prague, the sequence of events tells a story—not just of geography, but ...
Prohibition Partners Releases Global Medical Cannabis Market Review 2026
LONDON – With medical Cannabis exports increasingly concentrated among a small number of large-scale producers and patient markets advancing at different rates depending on local rules and access models, Prohibition Partners has released its Global ...
GTI Reports Q1 2026 Financial Results
CHICAGO – Green Thumb Industries Inc. released its first-quarter 2026 financial results, highlighting steady performance in a market still marked by price competition and variable demand. The multistate Cannabis operator posted steady revenue growth, alongside ...
Target Expands Hemp-Derived THC Beverage Sales Area
NEW YORK – Target is broadening its reach in the hemp-derived THC beverage category, adding the products to more than 300 stores across Florida, Texas and parts of Illinois. The mass retailer confirmed the move ...
Cannara Biotech Wraps Up Medican Organic Acquisition
MONTREAL – Cannara Biotech Inc. announced the closing of a transaction to acquire all of the shares of Medican Organic Inc. for an aggregate purchase price of $2.8 million. On the surface, that's a modest ...
Filament Health Achieves Milestone with Botanical Psilocybin Export to Israel
LOS ANGELES- In a significant development for psychedelic medicine, Filament Health Corp. (OTCQB: FLHLF) announced it has successfully exported PEX010, its botanical psilocybin drug candidate, to Israel, marking a first for the country. This shipment ...
New Mexico Senate Endorses Study on Therapeutic Use of Psilocybin
LOS ANGELES- In a remarkable show of bipartisan unity, the New Mexico Senate has unanimously passed a non-binding resolution urging the state's Department of Health to consider the potential therapeutic benefits of psilocybin mushrooms. The ...
Virginia Legislators Propose Divergent Paths for Adult-Use Cannabis Sales
LOS ANGELES- In a notable move toward the commercialization of adult-use cannabis, Virginia's legislative bodies are progressing with distinct proposals aimed at kickstarting regulated sales by the upcoming year. This initiative comes after the legalization ...
Israel Probes Canadian Cannabis Imports
NEW YORK- In a significant development within the global cannabis sector, Israel has initiated an investigation into the importation of Canadian medical cannabis. This move comes against a backdrop of allegations suggesting that Canadian firms ...
Montana’s Cannabis Industry Flourishes
LOS ANGELES- In 2023, Montana's cannabis market experienced substantial growth, with sales reaching millions of dollars across various counties, demonstrating the burgeoning business of cannabis in the state. Yellowstone, Gallatin, Missoula, Flathead, and Lewis and ...
Florida Senate Advances Legislation to Ban Delta-8 THC
LOS ANGELES— In a decisive move, the Florida Senate on Tuesday passed legislation aimed at banning delta-8 tetrahydrocannabinol (THC) products while introducing new, stringent regulations on the state's burgeoning hemp industry. This unanimous decision reflects ...
New York Cannabis Control Board Awards 109 New Licenses Amidst Regulatory Debates
NEW YORK — The New York State Cannabis Control Board (CCB) took a significant step forward in the state's cannabis industry development by formally awarding 109 new cannabis business licenses on Friday. This move, unanimous and ...
MindBio Therapeutics Announces Completion of Groundbreaking Phase 2a LSD Microdose Trial
LOS ANGELES- In a significant advancement for psychiatric medicine, MindBio Therapeutics Corp., a pioneering biopharmaceutical company, has announced the successful completion of its Phase 2a clinical trial, marking a pivotal moment in the development of ...
Ukraine Enacts Medical Cannabis Legislation Amidst Ongoing Conflict
KYIV— In a historic move, Ukrainian President Volodymyr Zelensky has officially signed into law legislation that legalizes the use of medical cannabis, marking a significant policy shift in the country. This legislation comes as a ...
Silo Pharma Advances in Ketamine-Based Treatment for Chronic Pain
LOS ANGELES— In a significant stride toward innovative treatment for chronic pain conditions, Silo Pharma, Inc. (Nasdaq: SILO), a biopharmaceutical company in its developmental stage, announced promising developments in its ketamine implant, SP-26. The company, ...
Georgia Seeks $150 Million in Damages in Federal Lawsuit Against Cannabis Brands
NEW YORK- In a significant legal challenge within the cannabis industry, the state of Georgia has initiated a federal lawsuit against prominent California-based cannabis brands STIIIZY and Cookies, along with several other entities. The suit ...
South Carolina Senate Approves Conservative Medical Cannabis Bill
LOS ANGELES- In a pivotal move for medical cannabis legislation, the South Carolina Senate has passed a bill aimed at legalizing medical cannabis for individuals with certain serious health conditions. This decision marks a significant ...
Florida Advances Bill to Restrict Hemp-Derived Cannabinoids
LOS ANGELES- A significant legislative development occurred in Florida on Monday as a House legislative subcommittee moved forward with a bill aimed at regulating psychoactive hemp-derived cannabinoids, including Delta 8 and Delta 10 THC. House ...
U.S. Navy and Air Force Adapt Recruitment Policies to Reflect Societal Changes on Cannabis Use
LOS ANGELES- In a landmark shift reflecting broader societal and legal changes, the U.S. Navy has announced a significant adjustment to its recruitment policies regarding cannabis use. This policy modification, aimed at recruits who initially ...
U.S. Virgin Islands Sets Stage for Adult-Use Cannabis Market
LOS ANGELES- In a significant move for the U.S. Virgin Islands, the territory's Cannabis Board sanctioned a comprehensive set of rules and regulations for the adult-use cannabis sector on Tuesday, marking a pivotal advancement since ...
South Carolina Implements Strict Regulations on Hemp in Food and Beverages
LOS ANGELES- In a significant regulatory move, South Carolina has announced stringent restrictions on the inclusion of hemp-derived ingredients in food and beverage products, permitting only hemp seeds and their derivatives. This decision marks a ...
Cybin Inc. Reports Psychedelic Treatments and Financial Growth in Q3
LOS ANGELES- Cybin Inc., a development of next-generation psychedelic treatments for mental health disorders, today unveiled its unaudited financial outcomes for the third quarter ending December 31, 2023, alongside key business achievements. This period has ...
New Mexico Embraces Drive-Thru Cannabis Dispensaries
LOS ANGELES- In a pivotal decision reflecting the evolving landscape of cannabis commerce, New Mexico has chosen to endorse the operation of drive-thru cannabis dispensaries, a move that underscores the state's commitment to convenience and ...
California’s Proposed Bill Aims to Integrate Hemp Products into Cannabis Market
LOS ANGELES- In an effort to further regulate the cannabis industry, California lawmakers have introduced a draft bill that seeks to place hemp products under the same regulatory umbrella as cannabis. The proposed legislation, which ...
Pennsylvania’s Cannabis Market Poised for Expansion as Recreational Use Moves Closer to Reality
LOS ANGELES- Pennsylvania's cannabis industry is on the brink of a significant transformation as Governor Josh Shapiro pushes for the legalization of recreational marijuana use. In his recent budget address, the Democratic leader urged lawmakers ...
PharmaDrug Inc. Completes Private Placement to Bolster Corporate Initiatives
LOS ANGELES- a specialty pharmaceutical company, announce the successful completion of its previously disclosed non-brokered private placement, raising total gross proceeds of $326,000. In this offering, the company issued 6,520,000 units at a purchase price ...
Ohio Legislators Grapple with Implementing Changes to Adult-Use Cannabis Law
LOS ANGELES- In Ohio, the journey to fully implement adult-use cannabis legislation continues to encounter hurdles, despite the state's voters approving Issue 2 in November 2023. This initiative, which legalized recreational cannabis, came into effect ...
Michigan’s Cannabis Market Experiences Mixed Growth
LOS ANGELES- Michigan's cannabis industry has witnessed a varied growth pattern, with adult-use sales driving the market forward while medical cannabis sales face a significant decline. The state's cannabis sales increased by 17.1% compared to ...
Requesting a Private Letter Ruling
By Rachel Wright, Simon Menkes, & Abraham Finberg- CPAs licensed in California of AB FinWright LLP & 420CPA, and Andrew Gradman, Esq of Andrew Gradman Tax You may someday find yourself in a unique tax ...
Minnesota Mayor Arrested for Exceeding Legal Cannabis Cultivation Limits
NEW YORK- In an unexpected turn of events, the mayor of Winnebago, Minnesota, Scott Robertson, and his son Jacob Robertson, have been arrested for operating commercial-grade greenhouses to cultivate cannabis in quantities far exceeding the ...
