Consumer Research
Alabama Tightens Hemp Laws, Moves Medical Cannabis Licenses Forward
MONTGOMERY – Alabama regulators ushered in 2026 with a crackdown ...
Flower by Edie Parker Teams Up with Verano for Florida Cannabis Debut, Spotlights Rapper JT in Promo Campaign
MIAMI – Flower by Edie Parker, a female-founded, premium Cannabis ...
AbbVie Reveals $900M Upfront Payment in Psychedelic Deal, Signaling Strong Bet on Bretisilocin
CHICAGO – AbbVie Inc. disclosed in a recent securities filing ...
California Lawmakers Back Pause on Recent Cannabis Tax Hike
LOS ANGELES – The California Senate approved Assembly Bill 564, a measure that would roll back a recent jump in the state's Cannabis excise tax for five years, sending it back to the Assembly for ...
Schwazze Nears Debt Restructuring Echoing Ayr Wellness Strategy
DENVER – Schwazze approaches a debt restructuring that closely follows the path set by Ayr Wellness, as financial strains push more companies in the sector toward creditor-driven asset reallocations. Ayr Wellness Inc., a Miami-headquartered MSO, ...
Cannabist Expands Ohio Footprint with Norwalk Dispensary Opening
NORWALK – The Cannabist Company marked a key step in its regional strategy by opening its first branded retail outlet in Norwalk, Ohio. The location represents the company's sixth storefront in the state and introduces ...
Miss Grass Joins Curaleaf to Expand Medical Cannabis Access in Florida
LOS ANGELES – Curaleaf Holdings, Inc. has entered into an exclusive partnership with Miss Grass, a women-founded Cannabis brand celebrated for its premium flower and wellness-focused approach. Announced on August 4, this collaboration introduces Miss ...
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 ...
LSD Shows Promise in Prolonged Reduction of Anxiety Symptoms
LOS ANGELES – A recent study published in the Journal of the American Medical Association (JAMA) on September 4, suggests that a single dose of lysergic acid diethylamide (LSD) may significantly reduce symptoms of generalized ...
Cannabis MSOs Face Manageable 2026 Debt Maturities, Viridian Analysis Shows
LOS ANGELES – Major Cannabis operators are navigating a once-daunting wave of debt due in 2026 with greater ease than anticipated, according to a recent chart from Viridian Capital Advisors. The analysis examines cash sources ...
The Scrappy Cannabis Retailer’s Playbook
LOS ANGELES- A Practical Guide to Building a Smarter Marketing System by Tim Naughton. The Cannabis retail landscape is competitive, taxed heavily, and increasingly crowded by new entrants including Hemp and THCA brands selling direct ...
Judge Issues Restraining Order Amidst Controversy Over New York Cannabis Licensing
NEW YORK–In a significant legal development, a state Supreme Court judge has taken action against the New York state Office of Cannabis Management following a lawsuit that raises concerns about the equitable distribution of cannabis ...
Ohio Cannabis Legalization Effort Gathers 10 Times Required Signatures
LOS ANGELES-- The Coalition to Regulate Marijuana Like Alcohol (CRMLA), an Ohio-based coalition sponsoring a statutory measure to legalize adult-use cannabis, submitted an additional 6,545 signatures to Secretary of State Frank LaRose's office in Columbus ...
Disabled Veterans Sue NY Cannabis Regulators Over Licensing System
NEW YORK-- A group of disabled military veterans has lodged a lawsuit in New York against cannabis regulators, claiming that their licensing system for certain social equity applicants breaches the state constitution. The lawsuit, filed ...
New York City Takes the Crown as The World’s Cannabis Capital, Global Study Reveals
NEW YORK–In a recent revelation that may raise more than a few eyebrows, New York City has ascended to the apex of global cannabis consumption, a startling position for a metropolis renowned for its fast-paced ...
Cannabis Research Firm MMJ International Holdings Prepares Lawsuit Against DEA for Alleged Violations of Federal Law
LOS ANGELES-- MMJ International Holdings Corp, a cannabis research company, is gearing up to file a lawsuit against the Drug Enforcement Administration (DEA), accusing the agency of failing to adhere to federal law regarding the ...
Canadian Cannabis Producer Cannara Biotech Reports Profitable Quarter
MONTREAL–Cannara Biotech, a prominent cannabis producer based in Montreal, has unveiled a notable achievement, reporting a profit of 2.9 million Canadian dollars ($2.2 million) in the recently concluded third quarter that terminated in May, as ...
Florida AG Says Adult-Use Legalization Campaign is Actually a Trulieve Monopoly Push
MIAMI–A campaign advocating the legalization of cannabis in Florida, sponsored chiefly by Trulieve Cannabis Corp., a notable multistate operator, has come under the scrutiny of the state attorney general, who alleges that it disguises a ...
MSO Story Cannabis Co. Acquires Four New Cannabis Stores in Arizona
LOS ANGELES-Story Cannabis Co., a prominent multistate operator, has successfully secured a substantial foothold in the Arizona cannabis market by acquiring four coveted vertically integrated licenses from Devi Holdings. These licenses, which were previously under ...
FDA Issues First Ever Guidance for Research of Psychedelics
NEW YORK-In a noteworthy stride toward potential shifts in medical practices, the Food & Drug Administration (FDA) has introduced a draft guidance that could pave the way for researchers to explore the use of psychedelics ...
South Dakota Resident Initiates Effort to Repeal State’s Medical Cannabis Law
LOS ANGELES-- Newell resident Travis Ismay has launched an ambitious effort to convince voters to repeal South Dakota's medical cannabis law, approved with overwhelming support in 2020. However, Ismay may face an uphill battle, as ...
Oklahoma Supreme Court Hears Arguments on Cannabis Business Fee Increase
LOS ANGELES— The Oklahoma Supreme Court recently heard arguments in a lawsuit filed by a coalition of cannabis companies challenging a large business fee increase that took effect in June. The companies argue that the ...
Minnesota Leads in Low-Dose THC Beverages as Cannabis Market Soars
LOS ANGELES— The unanticipated success of low-dose, hemp-derived THC beverages has made Minnesota the hottest market for such products, not only in the United States but potentially worldwide, surpassing the markets in Canada and Europe. ...
U.S. Department of Veterans Affairs Reaffirms Prohibition on Medical Cannabis Recommendations to Veterans
LOS ANGELES— The U.S. Department of Veterans Affairs (VA) has recently issued an updated directive reiterating its doctors' prohibition from issuing medical cannabis recommendations to military veterans. The revised Veterans Health Administration (VHA) guidance aligns ...
MariMed Inc. Reports Financial Results for Q2 2023
LOS ANGELES-- MariMed Inc., a multi-state operator in the cannabis industry, has unveiled its financial results for the second quarter ending June 30, 2023. Despite facing headwinds in the industry and consumer spending, the company's ...
Colorado Governor Jared Polis Applauds Legalization of Cannabis and Psychedelics
LOS ANGELES--In a recent interview with John Stossel, Colorado Governor Jared Polis expressed his positive views on the state's moves to legalize cannabis and psychedelics, stating that the experience has been "very good." Governor Polis, ...
Pelorus Capital Group Achieves Historic Milestone with First Cannabis-Linked Real Estate Securitization
LOS ANGELES-- In a groundbreaking announcement today, Pelorus Capital Group, a prominent player in the specialty-use cannabis real estate lending market, has successfully priced the first-ever securitization for cannabis-linked real estate. Utilizing commercial mortgage-backed securities ...
Canadian LP. Acquisition of State-of-the-Art Cannabis Cultivation and Processing Facility Announced
LOS ANGELES-- After months of negotiations, a purchase agreement has been signed for the acquisition of a prominent indoor cannabis cultivation and processing facility from a public Canadian LP. The facility is considered one of ...
Illinois Adult-Use Cannabis Sales in June Hit $136 Million, Third Highest on Record
LOS ANGELES-- In June, adult-use cannabis sales in Illinois reached an impressive milestone, totaling $136 million, according to data from the Cannabis Regulation Oversight Officer (CROO). This marked the highest sales total of the year ...
New York Officials Shut Down Unlicensed Cannabis Shops in Western Counties
NEW YORK-- New York state authorities carried out a crackdown on what they deemed as seven unlicensed cannabis dispensaries in the western region on Monday. The establishments, known as the "I'm Stuck" shops, located in ...
Illinois Enacts Law to Support Smooth Reintegration of Formerly Incarcerated Individuals
LOS ANGELES--Illinois has taken a significant step towards facilitating the reintegration of individuals who have been released from prison into society. Senate Bill 423, signed into law by Governor J.B. Pritzker (D) on Friday, aims ...
Arkansas Enacts Law Allowing Medical Cannabis Patients to Obtain Concealed Carry Licenses
LOS ANGELES-- On Tuesday, a new law officially took effect in Arkansas, clarifying that medical cannabis patients in the state can obtain concealed carry licenses for firearms. The bill, signed by Governor Sarah Huckabee Sanders ...
Study Reveals Legal Ambiguities in Hemp Delta-9 THC Products, Calls for Regulatory Revisions
LOS ANGELES-- A recent lab study conducted by cannabis consumer research company CBD Oracle and InfiniteCAL Labs has shed light on the complexities surrounding hemp delta-9 THC products. The study analyzed 53 popular hemp delta-9 ...
Cybin Inc. Announces Pricing of Public Offering to Advance Clinical Programs
LOS ANGELES-- Cybin Inc. a company in the psychedelics industry, revealed the pricing of its overnight marketed public offering, aimed at funding the progression of its clinical programs, including CYB003 and CYB004. The company plans ...
Senator John Hickenlooper Refiles Bill to Lay Groundwork for Federal Cannabis Legalization
WASHINGTON — Senator John Hickenlooper (D-CO) has reintroduced a bill that seeks to pave the way for federal marijuana legalization. Titled the Preparing Regulators Effectively for a Post-Prohibition Adult-Use Regulated Environment Act (PREPARE) Act, the ...
Massachusetts Cannabis Regulator to Depart; Maryland Governor Appoints Health Experts
LOS ANGELES--Shawn Collins, the executive director of the Massachusetts Cannabis Control Commission, is reportedly set to resign from his position by the end of this year. Although Collins has not yet officially confirmed his departure, ...
