Consumer Research
Johnson & Johnson Signs On to Lead Delix’s $85M Series C
NEW BRUNSWICK – Johnson & Johnson has agreed to lead ...
Hemp THC Beverages Return to Ohio Shelves
CLEVELAND – Hemp-derived THC drinks are back on a limited ...
Georgia Expands Access to Medical Cannabis
ATLANTA – A revised medical Cannabis law takes effect in ...
Hemp THC Ban Moves Closer as Congressional Fixes Collapse
WASHINGTON – The federal clock on hemp-derived THC products is ticking with no sign of relief from Capitol Hill. Amendments filed last week to delay, or in one case accelerate, the November 12 ban on ...
Helus Pharma Teams Up with TARA Mind on Veteran Mental Health Efforts
NEW YORK – Helus Pharma, a clinical-stage biopharmaceutical company focused on developing novel serotonergic agonists (NSAs) to treat mental health conditions, announced it has joined forces with TARA Mind to help recruit veterans for its ...
Rescheduling: What it Actually Means for US Cannabis
LOS ANGELES – For years, the Cannabis industry's most reliable tradition has been misreading federal signals. When the DEA floated rescheduling proposals, operators popped champagne. When states passed adult-use laws, investors rushed in ahead of ...
Vireo Growth Reports Q4 2025 Financial Results
MINNEAPOLIS – Vireo Growth Inc. has released its financial performance for the period ended December 31, detailing how a series of completed mergers has reshaped its operations and set the stage for broader expansion in ...
Massachusetts Rec Cannabis Sales Exceed $9B Cumulative Total
BOSTON – Adult-use Сannabis retailers in Massachusetts have generated over $9 billion in gross sales since the first stores opened in November 2018, as reported by the state Cannabis Control Commission. Sales data on the ...
Canopy Growth Completes Acquisition of MTL Cannabis
SMITHS FALLS – Canopy Growth Corp. has finalized the purchase of MTL Cannabis Corp. solidifying its position as the largest medical Cannabis company in Canada by revenue bolstered by added cultivation assets and patient channels. ...
Virginia Moves Toward Adult-Use Cannabis Sales While U.S. Policy Remains Uneven
RICHMOND- Virginia may finally close one of the most unusual gaps in U.S. Cannabis policy. Lawmakers in the Virginia General Assembly have approved legislation to establish a regulated adult-use Cannabis retail market and sent the ...
IRS and Treasury Move to Clarify Cannabis Tax Rules
WASHINGTON – The U.S. Department of the Treasury and the Internal Revenue Service made an announcement, confirming they will issue formal guidance to address the federal tax consequences of a Department of Justice order that ...
BREAKING: DOJ Signs Cannabis into Schedule III
WASHINGTON – Today, the federal government took its most consequential step on Cannabis policy in decades, as Acting Attorney General Todd Blanche formally signed an order moving state-licensed medical Cannabis from Schedule I to Schedule ...
Safe Harbor Targets Retirement Gap in Cannabis Workforce
DENVER – Safe Harbor Financial is extending its reach deeper into workforce benefits, introducing a pooled employer 401(k) plan designed for Cannabis operators that have long struggled to access conventional retirement services. The new offering, ...
Wisconsin Edges Closer to Medical Cannabis Legalization Amid Regional Shifts
LOS ANGELES- Wisconsin’s path to legalizing medical cannabis appears increasingly likely, as key Republican leaders, including Assembly Speaker Robin Vos, show a renewed interest in the initiative. A bill, mirroring the medical program approach of ...
Decade of Discovery, Cannabis Studies Amid Legalization
NEW YORK— A significant surge in scientific research related to cannabis has been noted in the past ten years, coinciding with widespread legalization movements across the United States. This trend was highlighted by NORML, a ...
Incannex’s Subsidiary Clarion Clinics Gains Ethics Endorsement for Psychedelic-Assisted Therapies
LOS ANGELES- Incannex Healthcare Ltd a clinical stage pharmaceutical development company, has announced a significant advancement in the field of psychedelic-assisted therapies. Its subsidiary, Clarion Clinics, received Human Research Ethics Committee (HREC) endorsement for administering ...
Rhode Island Exceeds $100 Million in First Year of Adult-Use Cannabis Sales
LOS ANGELES- In a remarkable economic achievement, Rhode Island has reported over $100 million in combined medical and adult-use cannabis sales during its inaugural year of legalized adult-use cannabis operations. This significant milestone underscores the ...
Ukraine Moves to Legalize Medical Cannabis
KIEV- In a landmark decision, Ukrainian lawmakers have passed a bill to legalize medical cannabis, marking a significant step in providing relief for patients suffering from cancer and post-traumatic stress disorder (PTSD). The bill, which ...
Mydecine Innovations Group Announces Major Patent Progress for Novel Psilocin Analog
LOS ANGELES- Mydecine Innovations Group Inc, a biotechnology company in mental health and addiction treatment, has recently announced a significant breakthrough. The United States Patent and Trademark Office (USPTO) has issued a Notice of Allowance ...
Biden’s Groundbreaking Pardons Signal a Paradigm Shift in Cannabis Policy and Justice Reform
WASHINGTON, D.C. -- In a groundbreaking move addressing the historical injustices wrought by the nation's approach to cannabis, President Joe Biden has wielded his executive powers to grant pardons to thousands ensnared in the web ...
OPINION: How the CDTFA Bilked Millions from CA Cannabis Consumers and How We Stop Them
LOS ANGELES- The voter approved Prop 64 law granted California excise taxing authority on cannabis & cannabis products. The rate of 15% was originally to be collected by retailers. The statutory definition of this taxing ...
Colorado Voter Initiative Challenges Federal Law on Cannabis Users’ Gun Rights
LOS ANGELES- A new voter initiative in Colorado is stirring up a significant debate over the intersection of cannabis legalization and gun rights. The proposal, spearheaded by the pro-gun advocacy group Guns for Everyone, aims ...
Controversy Arises Over Ohio’s New Cannabis Control Superintendent Appointment
LOS ANGELES- Ohio's recent strides towards cannabis legalization have been met with a mix of anticipation and concern, particularly following the appointment of James V. Canepa as the first Superintendent of the Division of Cannabis Control. ...
Minnesota Health Officials Caution Against Illegal High-Potency Hemp Products
LOS ANGELES- The Minnesota Department of Health has issued an urgent warning to consumers regarding the sale of unregulated and illegal cannabis products that exceed the state's THC potency limits. Despite legalizing recreational cannabis earlier ...
California Attorney General Warns of Federal Risks in Interstate Cannabis Commerce
LOS ANGELES- California Attorney General Rob Bonta has recently raised significant concerns over the potential federal legal risks involved in initiating interstate cannabis commerce. This issue has become a pivotal point of discussion following the ...
Italian Cannabis Reform Campaign Nears Signature Milestone in Record Time
ROME — In an unprecedented surge of public support, a campaign for cannabis reform in Italy has achieved nearly half the required signatures in just one week to bring the issue before the Parliament. This ...
Psychedelics Regulatory Maze: Navigating the State-Federal Conundrum
The expanding legalization of psychedelics for medical and therapeutic uses across various states in the United States is stepping into a complex regulatory terrain, one previously charted by the cannabis industry. This emerging scenario raises ...
MedMen Reduces Operations to Four States with Sale of Arizona and Nevada Assets
LOS ANGELES- MedMen Enterprises Inc., a Florida-based cannabis company known for its extensive operational struggles, has taken a significant step in restructuring its business. On Wednesday, the company announced its decision to divest its cannabis ...
New York Officials Shut Down Unlicensed Cannabis Shop Amid Brooklyn’s Legal Market Expansion
NEW YORK- In a decisive move by New York state authorities, Big Chief Smoke Shop, an unlicensed cannabis retailer operating in Brooklyn, has been forcibly shut down. This action, led by Governor Kathy Hochul, Attorney ...
Numinus and Cedar Clinical Research Join Beckley Psytech’s Phase 2b Psychedelic Trial for Depression
Numinus Wellness Inc. recognized for approach to mental health care, has announced a significant milestone in psychedelic-assisted therapies. Its research arm, Cedar Clinical Research (CCR), has been selected as a pivotal site for a groundbreaking ...
Regulatory Hurdles Challenge Social Equity Cannabis Licensing in Missouri
LOS ANGELES- In a significant development impacting Missouri's cannabis industry, nearly one-quarter of the 48 social equity cannabis microbusiness permits awarded in October have been declared ineligible by the Department of Health and Senior Services ...
California to Implement New Employment Protections for Cannabis Users in 2024
LOS ANGELES- California is set to enact groundbreaking laws that provide new protections for employees who consume cannabis, marking a significant shift in workplace policies since the state's major cannabis reforms. Starting January 1, 2024, ...
Organigram Reports Q3 Fiscal 2023
LOS ANGELES- Organigram Holdings Inc. a licensed producer of cannabis, today unveiled its financial outcomes for the third quarter ending May 31, 2023. The period was marked by remarkable resilience and growth in the company’s ...
Nebraska Medical Cannabis Initiative Gains Momentum Amid Opposition
LOS ANGELES- In Nebraska, a significant movement is underway as the group Nebraskans for Medical Marijuana (NMM) intensifies its efforts to gather signatures for two pivotal medical cannabis legalization initiatives aimed for the 2024 ballot. ...
MindMed Announces Promising Results from Phase 2b Trial of MM-120 for Generalized Anxiety Disorder
LOS ANGELES- Mind Medicine (MindMed) Inc, a biotech company focusing on psychedelic-inspired therapies, recently revealed encouraging topline results from its Phase 2b clinical trial of MM-120 (lysergide d-tartrate) in treating Generalized Anxiety Disorder (GAD). The ...
Sunstone Therapies Reports Breakthrough in Psilocybin-Assisted Therapy for Cancer Patients with Depression
LOS ANGELES- Sunstone Therapies, a organization in psychedelic-assisted therapy, recently announced notable findings from its phase 2 clinical trial, published in the journal Cancer. This trial marks a significant step in understanding the potential of ...
CSU’s Institute of Cannabis Research Invests $800,000 in Groundbreaking Studies
LOS ANGELES- The Institute of Cannabis Research (ICR) at Colorado State University (CSU), Pueblo, has announced a significant investment in cannabis research, earmarking $800,000 for six pioneering studies. This initiative, funded through the Colorado Marijuana ...
Federal Cannabis Legalization: A Path to $8.5 Billion in Tax Revenue
LOS ANGELES- In a groundbreaking analysis, the Tax Foundation, a Washington D.C.-based think tank renowned for its insights on taxation, has released a report that casts new light on the potential fiscal benefits of federal ...
