Consumer Research
France Upholds Pesticide Ban, Guaranteeing Survival of the Bees
LOS ANGELES- Over the past decade, France has stood at ...
OPINION: The People Have Spoken: It’s Time to End Federal Cannabis Prohibition (and Release the Epstein Files)
LOS ANGELES- With 87% of Americans supporting Cannabis legalization — ...
Aurora Cannabis Reports Q1 FY2026 Financial Results
EDMONTON – Aurora Cannabis Inc. (ACB), a leading Canadian Cannabis producer, announced its financial and operational results for the first quarter of fiscal 2026, ending June 30, 2025, showcasing robust growth in its medical Cannabis ...
AYR Wellness Exits Massachusetts in Broad Financial Restructuring
LOS ANGELES – AYR Wellness, a Miami-based multi-state Cannabis operator, is pulling out of Massachusetts as part of a bold restructuring to tackle its financial challenges. The company will close its 90,000-square-foot Milford cultivation facility, ...
Canopy Growth Expands its Presence in Australia
OTTAWA – Canopy Growth Corporation has introduced its Canadian-grown 7ACRES brand to the Australian medical Cannabis market, marking a strategic expansion of its global medical portfolio. The launch, announced on August 5, features two high-THC ...
Verano Debuts Bodega‑Style Dispensary in Arizona
LOS ANGELES- Verano Holdings Corp. a multi‑state cannabis operator, has introduced a “bodega‑style” shopping format at its Zen Leaf Cave Creek dispensary in Phoenix. This innovative layout allows adult‑use consumers to browse and select products directly ...
Aurora Cannabis Refutes AI-Generated Deal Reports on Investing.com
LOS ANGELES- Aurora Cannabis Inc. has officially dismissed two recent articles published on Investing.com that falsely claimed the company entered into a $215 million acquisition of New Zealand’s MedLeaf Therapeutics and a strategic partnership with Germany-based ...
Colorado Governor Jared Polis Issues Pardons for Psilocybin and Psilocin Convictions
LOS ANGELES-- the Psychedelic Science 2025 conference in Denver, Governor Jared Polis signed an executive order granting full, unconditional pardons to individuals convicted under state law for possession of psilocybin and psilocin—substances that became legal for ...
Compass Pathways’ Psilocybin-Based Therapy Reaches Key Milestone in Depression Trial
LOS ANGELES- Compass Pathways has announced that its lead candidate, COMP360, achieved the primary endpoint in a Phase 3 clinical trial evaluating its efficacy in treatment-resistant depression (TRD). In the COMP005 study, involving 258 participants ...
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 ...
FDA Releases Draft Guidance on Psychedelic Research, Paving the Way for Future Clinical Trials
LOS ANGELES-- The U.S. Food and Drug Administration (FDA) has taken a groundbreaking step in the field of psychedelic research by releasing a draft guidance document aimed at providing recommendations to researchers exploring the potential ...
Colorado Governor Jared Polis Announces Plans to Pardon Convictions Related to Psychedelics
DENVER - In a groundbreaking move, Governor Jared Polis of Colorado (D) unveiled his intention to issue pardons for all criminal convictions in the state pertaining to psychedelic drugs. The announcement came during his speech ...
Minnesota Embraces Cannabis Legalization, Paving the Way for Lucrative Business Ventures
MINNEAPOLIS - In a significant development, Minnesota has joined the ranks of adult-use cannabis states, creating a promising landscape for potential business opportunities. After months of legislative deliberation, the state became the 23rd in the ...
Canopy Growth Corporation Reports Declining Revenue
TORONTO — Canopy Growth Corporation, a leading player in the Canadian cannabis industry, announced steep losses exceeding C$3 billion in its recent financial report. Despite a 14% decline in revenue for the fourth quarter ending ...
Canopy Growth Corporation Reports Declining Revenue
TORONTO — Canopy Growth Corporation, a leading player in the Canadian cannabis industry, announced steep losses exceeding C$3 billion in its recent financial report. Despite a 14% decline in revenue for the fourth quarter ending ...
TerrAscend Receives Conditional Approval for TSX Listing, Announces Private Placements in Strategic Move for Cannabis Industry Expansion
TerrAscend Corp., a cannabis operator in North America, has received conditional approval to list its common shares on the Toronto Stock Exchange (TSX), according to an announcement made by the company on Wednesday. This development, ...
New York’s Adult-Use Cannabis Program Falls Short of Tax Revenue Targets, Report Reveals
NEW YORK-- New York's nascent adult-use cannabis program has faced significant challenges in meeting its projected tax revenue targets, according to a recent report released by the Coalition for Access to Regulated & Safe Cannabis ...
Minnesota Craft Brewers Embrace New Cannabis Law, Expanding Opportunities for Low-Dose THC Beverages
LOS ANGELES-- Minnesota's craft brewing industry is abuzz with excitement following the enactment of a new cannabis law in the state. Industry leaders actively sought further regulations regarding THC-infused beverages and expressed their satisfaction with ...
California Department of Cannabis Control Awards $4.145 Million in Grants to Expand Access to Regulated Cannabis Retail
LOS ANGELES-- In an effort to bolster access to licensed retail cannabis, the California Department of Cannabis Control (DCC) announced on Tuesday that it has granted a total of $4.145 million to 18 municipalities across ...
Canada House Cannabis Group Announces Restatement of Financial Statements to Rectify Accounting Errors
LOS ANGELES-- Canada House Cannabis Group Inc. announced today the filing of a restatement of its unaudited condensed consolidated financial statements for the six months ended January 31, 2023, and 2022. The restatement, referred to ...
Acreage Holdings Optimizes Board of Directors as it Prepares for Acquisition by Canopy USA
LOS ANGELES-- Acreage Holdings, a New York-based cannabis multistate operator, has taken steps to streamline its board of directors in preparation for its impending acquisition by Canopy USA, the American subsidiary of Canadian producer Canopy ...
Nevada Enacts Comprehensive Cannabis Reform, Expanding Possession Limits and Easing Industry Restrictions
NEVADA-- In a significant development for the cannabis industry, Nevada Governor Joe Lombardo, a Republican, signed an omnibus cannabis bill into law last week. The new legislation, which was sponsored by state Senator Dallas Harris, ...
California Department of Cannabis Control Grants $4.145 Million to Expand Access to Licensed Retail Cannabis
LOS ANGELES -- The California Department of Cannabis Control (DCC) has announced the allocation of $4.145 million in grants to 18 municipalities aimed at enhancing access to licensed retail cannabis. Among the recipients, 14 jurisdictions ...
State-Level Tax Relief Provides Boost to U.S. Cannabis Industry Amidst Federal Uncertainty
LOS ANGELES-- In a much-needed respite for the U.S. cannabis industry, a growing number of states—20 in total—have passed legislation to exempt businesses from the burdensome Section 280E of the federal tax code. This move ...
TerrAscend Receives Regulatory Approval for Acquisition of Peninsula Alternative Health, Expanding Maryland Footprint
LOS ANGELES-TerrAscend Corp. North American cannabis operator, announced today that it has obtained regulatory approval from the Maryland Cannabis Administration (MCA) for its planned acquisition of Peninsula Alternative Health, a well-established medical dispensary in Maryland. ...
Cannabis Legalization in the United States: A Look at Recent Developments and Future Prospects
LOS ANGELES-- Last fall, President Joe Biden made headlines when he issued pardons for federal offenders charged and convicted of cannabis possession. However, despite this gesture, cannabis still remains federally illegal, classified as a Schedule ...
Ascend Wellness Plans to Raise $7 Million in Private Placement Offering
LOS ANGELES --Cannabis multistate operator Ascend Wellness Holdings Inc. has announced its intention to raise $7 million through a private placement offering. The New York-based MSO plans to sell 9,859,155 shares of Class A common ...
Australian Study Reveals Increase in Medicinal Cannabis Prescriptions for Psychiatric Disorders
LOS ANGELES-- Recent study conducted by the Lambert Initiative for Cannabinoid Therapeutics at the University of Sydney has shed light on the growing utilization of medicinal cannabis (MC) prescriptions for the treatment of psychiatric disorders ...
Alabama Medical Cannabis Program Awards Business Licenses, Paving the Way for Patient Access
LOS ANGELES-- Alabama has achieved a significant milestone in its medical cannabis journey as the state's medical cannabis program moves forward with the awarding of business licenses. Limited access to medicinal cannabis had been permitted ...
Body and Mind Inc. Divests Michigan Dispensary, Shifts Focus to Illinois and New Jersey Cannabis Markets
LOS ANGELES-- Body and Mind Inc has successfully obtained all required regulatory approvals to divest its Muskegon, Michigan, dispensary, the company announced on Friday. The transaction, originally outlined in a stock purchase agreement on April ...
Green Acre Capital Distribution Corp. Increases Stake in US Distribution Joint Venture, Humble & Fume Provides Additional Information on Private Placement
Humble & Fume Inc. a distributor of cannabis and cannabis accessories in North America, has announced that Green Acre Capital Distribution Corp. has made an additional investment of US$1.99 million in HC Solutions Holdings Inc. ...
RIV Capital Expresses Optimism for New York Cannabis Market Amid Regulatory Developments
LOS ANGELES-- RIV Capital remains optimistic about its position in the New York cannabis market, as highlighted during the company's fourth-quarter and fiscal year-end 2023 earnings call. Interim CEO Mike Totzke expressed confidence in RIV's ...
Oklahoma Governor Kevin Stitt Vetoes Legislation Restricting Medical Cannabis Access
OKLAHOMA -- In a recent development, Republican Governor Kevin Stitt of Oklahoma has vetoed Senate Bill 437, a piece of legislation that aimed to impose new rules limiting patients' access to medical cannabis. The proposed ...
Michigan Cannabis Regulatory Agency Revokes Candid Labs’ Licenses for Violations
LOS ANGELES-- In a recent development, the Michigan Cannabis Regulatory Agency (MRA) has permanently revoked the business licenses of Candid Labs, operating as Layercake Farms 2, located near Owosso. Owned by Ramon Hana, Candid Labs ...
Louisiana Moves Towards Expungement Reform, Allowing Clear Path for Cannabis Offenders
LOS ANGELES-- In a significant step towards criminal justice reform, lawmakers in Louisiana's House and Senate have approved legislation that paves the way for the expungement of marijuana possession convictions. House Bill 286, now on ...
