Consumer Research
South Carolina Senate Approves Bill to Keep Hemp THC Drinks and Gummies Legal
COLUMBIA – The South Carolina Senate voted 35-4 to advance ...
OPINION: The Cannabis Industry That Left Black America Behind
LOS ANGELES- America’s legal Cannabis industry loves to tell a ...
Stiiizy Expands California Retail Network Buying 12 Gold Flora Outlets
LOS ANGELES – Stiiizy, the dominant player in California's Cannabis retail, has taken control of 12 former Gold Flora dispensaries in a $25 million court-approved transaction, marking a key step in the state's ongoing industry ...
Cronos Targets Europe Through Dutch Cannabis Leader Acquisition
TORONTO – Cronos Group Inc. has agreed to buy CanAdelaar B.V., the top supplier in the Netherlands' controlled adult-use Cannabis program, for $67 million upfront plus performance incentives. The move marks Cronos's first major step ...
Craft Cannabis Market Projects Steady Climb to $12.3B by 2031
LOS ANGELES – Small-scale producers in the Cannabis industry are gaining ground as buyers turn toward premium, handcrafted options, with the craft segment expected to double in value over the next five years. A report ...
Former Texas Governor Rick Perry Champions Ibogaine Research at Dallas Documentary Films Event
DALLAS – Former Texas Governor Rick Perry called for broader access to ibogaine, a psychedelic compound derived from the African iboga shrub, during a panel discussion following a screening of documentary clips on Thursday night. ...
Poll Finds Broad Voter Support for Legal Hemp with Stricter Safeguards
WASHINGTON – A national survey released this week reveals that a solid majority of American voters back the continued legality of consumable hemp products, provided federal authorities introduce tougher safety and licensing rules aimed at ...
Alternaleaf Rolls Out Targeted Cannabis Program for UK Women’s Health Issues
LONDON – Alternaleaf, the United Kingdom's online medical Cannabis clinic, launched a new service this week aimed at treating gynecological and hormonal disorders with therapies involving Cannabis. The initiative marks the first of its kind ...
The Geneva Opium Conference and The Century-Long Campaign Against Cannabis
LOS ANGELES – In the early 20th century, a pivotal moment in the global history of Cannabis regulation unfolded at the Geneva Opium Conference, held from November 1924 to February 1925. Organized by the League ...
Federal Hemp Overhaul Threatens Cannabis Seed Trade, Sparking Breeder Backlash
LOS ANGELES – A tucked-away clause in last month's federal spending package has upended the rules for Cannabis seeds, thrusting the U.S. genetics sector into uncertainty and prompting warnings from cultivators that prized strains could ...
CMI Projects Double-Digit Expansion for Cannabis Testing Market
LOS ANGELES – A recent analysis from Custom Market Insights (CMI) forecasts the global Cannabis testing market to climb from $2.13 billion in 2025 to $11.15 billion by 2034, powered by a CAGR of 18%. ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – The past fortnight delivered a surge of momentum across the U.S. Cannabis and Psychedelics sectors, where federal signals on coverage and equity met bold state actions on access and licensing. Operators navigated ...
Curaleaf Sets Pricing for C$16 Million Offering of Subordinate Voting Shares
LOS ANGELES- In a significant development in the cannabis industry, U.S.-based Curaleaf, a leading provider of consumer cannabis products, has determined the pricing for its marketed offering of subordinate voting shares. As per the announcement, ...
American Nurses Association Recognizes Cannabis as Specialty Practice Area
LOS ANGELES- The American Nurses Association (ANA), representing over 5 million nurses in the United States, has formally recognized cannabis as a distinct nursing specialty practice. This announcement, made in a press release on Wednesday, ...
Schumer Expresses Strong Support for Cannabis Banking Reform in Senate
WASHINGTON- Senate Majority Leader Chuck Schumer (D-N.Y.) emphasized his support for cannabis banking reform during his speech on the Senate floor this Wednesday. Addressing the Senate, Schumer discussed the ongoing committee markup for the bipartisan ...
Numinus Wellness Seeks C$10 Million Capital Injection Through Share Sale
LOS ANGELES- Vancouver's Numinus Wellness Inc., a pioneer in the psychedelics space, unveiled plans to generate an additional C$10 million through an at-the-market equity program. However, the exact count of shares to hit the market ...
Medical Cannabis Advocacy Gains Momentum in Nebraska
LOS ANGELES- The advocacy group, Nebraskans for Medical Marijuana (NMM), is stepping up its efforts to legalize medical cannabis in the state. The group has rolled out two initiatives for the 2024 ballot: The Patient ...
Curaleaf Holdings Sets Pricing for Its C$16 Million Subordinate Voting Shares Offering
LOS ANGELES-- Curaleaf Holdings, Inc., a U.S. supplier of consumer cannabis products, revealed the pricing details of its forthcoming marketed offering of subordinate voting shares. Each share has been priced at C$6.00. The sole underwriter ...
Beyond the Balance Sheets: The Role of a Strategic Accountant in Cannabis
LOS ANGELES-In the ever-evolving landscape of the cannabis industry, where regulations shift like the winds, and financial complexities rival those of any other sector, the role of an accountant has taken on a new dimension. ...
Senate Banking Committee Advances Cannabis Banking Bill with Bipartisan Support
WASHINGTON — The Senate Banking Committee on Wednesday signaled a bipartisan move forward in the quest for federal cannabis banking reform. The committee's decision could enable financial institutions to service state-legal cannabis businesses, a monumental ...
Wisconsin Democratic Representatives Advocate for Cannabis Legalization
MADISON— Wisconsin Democratic representatives are bolstering their endeavors to legalize adult recreational cannabis, citing potential economic and social benefits. Senator Melissa Agard and Representative Darin Madison are advocating for legalization, asserting that it will enhance ...
Montana Cannabis Lab Closes Amid Testing Concerns, Sparking Statewide Debate
HELENA— A cannabis testing laboratory in Montana has closed its doors, sparking concerns over testing accuracy and oversight in the state's burgeoning cannabis industry. Stillwater Laboratories, owned by Ron and Kristine Brost, raised alarm bells ...
Detroit’s “Psychedelic Church” Raided by Police Amid Legal Controversies
DETROIT — Just days after being featured on the cover of the Detroit Metro Times, Detroit’s first "psychedelic church," Soul Tribes, faced a police raid, drawing attention to the complex legal landscape surrounding entheogenic plants ...
PharmaTher Holdings Pursues Ketamine-Based Medical Product, Eyes Global Market After FDA Nod
LOS ANGELES- In a recent development marking a leap in the medical application of ketamine, PharmaTher Holdings announced that the U.S. Food and Drug Administration (FDA) accepted the Abbreviated New Drug Application (ANDA) for its ...
Oregon’s Drug Decriminalization Controversy: A Look at the Ongoing Debate
LOS ANGELES- In a turn of events, Oregon faces a renewed battle over its drug policies, following the 2020 voter-approved Measure 110 that decriminalized the possession of drugs. Two petitions circulating in the state aim ...
The Startling Discrepancy: Maine’s Cannabis Testing Reveals A Concerning Trend
LOS ANGELES- In an alarming revelation, a study from Nova Analytic Labs based in Portland, Maine, underscores the lurking dangers in the state's medical cannabis program. The findings reveal a staggering discrepancy between contamination rates ...
The Silent Company Killer: How Distraction Undermines Cannabis Businesses (and Why Focus is Key)
LOS ANGELES- In the ever-evolving landscape of the cannabis industry, staying on the path to success can be a daunting challenge. Cannabis entrepreneurs and operators face myriad hurdles, from shifting regulations to fierce competition. However, ...
The Silent Company Killer: How Distraction Undermines Cannabis Businesses (and Why Focus is Key)
LOS ANGELES- In the ever-evolving landscape of the cannabis industry, staying on the path to success can be a daunting challenge. Cannabis entrepreneurs and operators face myriad hurdles, from shifting regulations to fierce competition. However, ...
When Cost Savings Are a False Economy for Hard-Pressed Cannabis Operators
LOS ANGELES-In the fast-evolving cannabis industry, operators are constantly seeking ways to stay competitive and maximize profits. Amidst the pressure to cut costs and increase efficiency, it's easy for cannabis operators to fall into the ...
Banks Surge Toward Cannabis Businesses Anticipating Federal Regulatory Shifts
LOS ANGELES- The US Department of Treasury is witnessing an unprecedented surge in requests from banking institutions eager to engage with cannabis businesses, according to data from the Financial Crimes Enforcement Network (FinCEN). This rush ...
Navigating the Green Wave: Key Considerations for Cannabis Operators in Company-Wide Restructuring
LOS ANGELES- The cannabis industry has experienced unprecedented growth and transformation in recent years, driven by changing regulations and shifting consumer attitudes. As the market matures, cannabis operators are increasingly looking to streamline operations, improve ...
Aeroponic Techniques Set to Transform Cannabis Cultivation
LOS ANGELES- In an industry marked by its ever-shifting cultivation practices, Eden Grow Systems is leading the charge with its innovative aeroponic cannabis cultivation techniques. Unlike the conventional practices which rely heavily on soil or ...
Congress Considers Bill to Limit Federal Overreach in Psilocybin-Permitting States
WASHINGTON — Congress is set to discuss a newly introduced bill aiming to curb federal intervention in states and localities where psilocybin mushrooms have been legalized or decriminalized. The bill, termed the Validating Independence for ...
Cybin Inc. Advances in Psilocybin Research with Completion of Phase 2 Study Enrollment
LOS ANGELES- Cybin Inc. (CYBN) announced the successful enrollment completion in its Phase 2 study of CYB003, a novel deuterated psilocybin analog, which is being assessed for potential treatment benefits in Major Depressive Disorder (MDD). ...
The Netherlands Sets December Launch for Cannabis Pilot Program in Breda and Tilburg
AMSTERDAM — The Netherlands has designated December 15 as the inception date for its highly anticipated cannabis pilot program, set to commence in the cities of Breda and Tilburg. This experiment, previously slated to begin ...
The Promise of Psychedelic Therapies for Seniors: More than Just a Trip Down Memory Lane
LOS ANGELES- The intersection of aging and mental health has always been a focal point for researchers. With a burgeoning elderly population, the emphasis on promoting healthy aging has never been more critical. Enter psychedelic ...
Republican Lawmakers Urge DEA to Retain Cannabis as Schedule I Substance
LOS ANGELES- In a formal communication to Anne Milgram, Administrator of the Drug Enforcement Administration (DEA), a group of 14 Republican lawmakers has voiced their concerns against a recommendation by the Department of Health and ...
