Consumer Research
High Tide Tightens Ownership Guardrails with New Two-Part Rights Plan
CALGARY – High Tide Inc. announced that its board of ...
Congress Presses FDA on Psychedelic Therapy Approvals
WASHINGTON – A bipartisan coalition of 32 House members sent a formal letter to FDA Commissioner Martin A. Makary urging the agency to move faster on ongoing reviews of psychedelic treatments. The letter stated that ...
TerrAscend Reports Q1 2026 Financial Results
TORONTO – TerrAscend Corp. announced financial results for the first quarter ended March 31, 2026, showing modest year-over-year revenue growth from continuing operations and sustained operational performance across its core Northeast markets. The company reported ...
Trulieve Reports Q1 2026 Financial Results
TALLAHASSEE – Trulieve Cannabis Corp. entered 2026 with a first quarter that presents two concurrent narratives – a retail operation contending with sustained pricing pressure, and a company whose federal tax obligations are, for the ...
Element 7 Schedules Receivership Auction for its Dispensary Portfolio
LOS ANGELES – Element 7 is heading into a court-ordered receivership auction for its portfolio of seven dispensary locations after a breach-of-contract lawsuit. Court-appointed receiver Kevin Singer will conduct the sale on April 1 at ...
LEEF Brands Reports Q4 and FY 2025 Financial Results
VANCOUVER – LEEF Brands Inc. released its fourth-quarter and full-year 2025 financial results, showing the first clear effects of its shift to in-house cultivation at the Salisbury Canyon Ranch in California. In an industry still ...
M&A Heats Up: Kiva Sales & Service and Petalfast Sign LOI to Combine Operations
LOS ANGELES- Kiva Sales & Service (KSS) has signed a letter of intent to combine with Petalfast, marking another consolidation move in California’s Cannabis distribution and sales infrastructure. The proposed transaction would bring together two ...
Georgia Expands Medical Cannabis Program with SB 220: What It Means for Patients and Operators
ATLANTA- The state of Georgia is on the verge of a meaningful shift in its medical Cannabis program. Legislation passed by the Georgia General Assembly—Senate Bill 220—would significantly expand the types of Cannabis products available ...
Aprio Targets Cannabis Sector in Price Kong Acquisition
ATLANTA-PHOENIX – Aprio, the 20th largest business advisory and accounting firm in the United States, announced it had entered into an agreement to acquire Price Kong, a Phoenix-based CPA and advisory firm. The transaction, effective ...
RYTHM Reports Q1 2026 Financial Results
ROLLING MEADOWS – RHYTHM Inc. disclosed stronger results for the first quarter of 2026 as the company continued its shift toward branded hemp-derived THC products and licensing deals. Revenue from continuing operations came in at ...
High Tide Scores Big in Germany Through Remexian Distribution
CALGARY-BERLIN – High Tide Inc. reported that its majority-owned German subsidiary, Remexian Pharma GmbH, distributed 7.6 tons of medical Cannabis flower into the German market during the second fiscal quarter ended April 30, 2026 – ...
Compass Pathways Launches Phase 3 Psilocybin Study in the UK for Treatment-Resistant Depression
Compass Pathways, a biotechnology firm at the forefront of mental health innovation, has initiated the UK segment of its global phase 3 study of COMP360 psilocybin therapy for treatment-resistant depression (TRD). This advancement, approved by ...
Massachusetts Lawmakers Advance Therapeutic Psilocybin Proposal
LOS ANGELES- In an effort to uphold its stringent stance against cannabis, Idaho legislators are deliberating on a new bill aimed at prohibiting advertisements for cannabis products, especially those coming from out-of-state businesses. This legislative ...
Thailand’s Cannabis Industry Faces Major Shift with New Draft Law
In a significant move that could reshape the cannabis landscape in Thailand, the government is preparing to introduce a draft law aimed at curbing the sale of cannabis for adult use and refocusing the burgeoning ...
Navigating the Complexities of Cannabis Payments: A Debit and Credit Card Conundrum
LOS ANGELES- In the rapidly expanding cannabis industry, where legality varies from state to state and the federal government maintains its stance against cannabis, the landscape of payment processing remains fraught with challenges. Among the ...
DEA Reinstates License for Pharma Giant Implicated in Opioid Crisis
LOS ANGELES- In a controversial decision, the Drug Enforcement Administration (DEA) has reinstated the operational license of Morris & Dickson, a pharmaceutical company previously implicated in the opioid crisis. This move comes less than a ...
Idaho Legislators Propose Bill to Ban Out-of-State Cannabis Advertisements
LOS ANGELES- In a move reflecting Idaho's staunch stance on cannabis prohibition, state legislators are deliberating on a bill aimed at curtailing advertisements for cannabis products from neighboring states where it is legal. The proposed ...
Virginia Navigates the Complex Path to Cannabis Legalization with New Legislation
NEW YORK- In the evolving landscape of cannabis legalization, Virginia has emerged as a pivotal battleground, illustrating the multifaceted journey towards establishing a regulated market. The state's House of Representatives has recently passed a bill ...
Red Light Holland Partners with PharmAla Biotech
NEW YORK- In a strategic move to bolster its North American presence, Red Light Holland a Toronto-based company, has entered into a significant consulting agreement with synthetic psychedelics manufacturer PharmAla Biotech Holdings Inc. The collaboration, ...
Unexpected 280E Dangers in Farm Service Management Arrangements- Part II
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 II of II of our series ...
Massachusetts Cannabis Sales Hit Record $1.56 Billion in 2023 Amid Industry and Regulatory Challenges
NEW YORK- In an unprecedented achievement for the Massachusetts cannabis market, dispensaries across the state reported a record-breaking $1.56 billion in sales in 2023. This milestone, as reported by the Cannabis Control Commission (CCC) and ...
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 ...
