Consumer Research
Cannabis Distributors Kiva Sales & Service and Petalfast Sign Letter of Intent to Combine
OAKLAND – Kiva Sales & Service (KSS), a leading sales ...
Lüt Partners with Frankenmuth Credit Union to Process Cannabis Payments in Michigan
FRANKENMUTH – Lüt, a fintech company focused on closed-loop digital ...
PGP Farmer Secures €3M for EU-GMP Medical Cannabis Hub in France
PARIS – French biotech company PGP Farmer announced the completion ...
Curaleaf Secures Virginia Foothold with Purchase of Cannabist Assets
STAMFORD – Curaleaf Holdings, Inc. has entered into an agreement to purchase key Cannabis operations in Virginia from The Cannabist Co. Holdings Inc. for $110 million, marking a calculated move into one of the East ...
Virginia Panel Outlines Path to Regulated Cannabis Sales in 2026
RICHMOND – Members of Virginia's Joint Commission to Oversee the Transition of the Commonwealth into a Cannabis Retail Market presented a series of amendments to create a licensed system for adult-use Cannabis sales, targeting a ...
Texas Regulator Awards Verano Conditional License to Operate in State’s Medical Cannabis Market
AUSTIN – The Texas Department of Public Safety has issued a conditional license to Verano Texas, LLC, a subsidiary of Verano Holdings Corp., paving the way for the MSO to pursue cultivation, processing, and retail ...
Cannabis Debt Yields Show Wide Gaps Among Top Operators, Viridian Analysis Finds
LOS ANGELES – A fresh assessment of credit profiles among leading U.S. Cannabis companies points to notable discrepancies in debt pricing that could signal untapped value for savvy investors and fixed-income players. Viridian Capital Advisors ...
DMT Reveals Promising Potential in Stroke Recovery, Study Finds
LOS ANGELES – A compound long associated with visionary experiences in plants like ayahuasca may hold untapped value in treating one of medicine's toughest challenges: brain damage from strokes. Hungarian researchers report that N,N-dimethyltryptamine, or ...
Canopy Growth Shifts DOJA Site to Medical-Only Production in Canada
SMITHS FALLS, ON – Canopy Growth Corporation has repurposed its DOJA cultivation facility in Kelowna, British Columbia, to focus solely on medical Cannabis. The change positions the site as a dedicated supplier for its Spectrum ...
Spain Cabinet Greenlights Medical Cannabis Framework
MADRID – Spain's Council of Ministers on Tuesday approved a royal decree that sets rules for prescribing Cannabis-based medicines through the public health system, marking the first formal step toward regulated access for patients facing ...
Kenyan MP Advocates for Regulated Cannabis Framework
NAIROBI – Peter Kalerwa Salasya, the outspoken member of Parliament for Kenya's Mumias East constituency, has ignited fresh debate on Сannabis policy by urging the government to pursue legalization under strict controls. Salasya highlighted the ...
OPINION: The Looming Federal Clampdown on THC Drinks and Hemp-Derived Edibles: What It Means for the Industry
NEW YORK- The quiet addition of a single paragraph in November’s federal shutdown bill has sent shockwaves through one of the fastest-growing segments of U.S. Cannabis: hemp-derived THC beverages and edibles. Unless Congress intervenes, a ...
Tilray Executes 1-for-10 Reverse Stock Split to Trim Shares and Cut Costs
NEW YORK – Tilray Brands Inc. confirmed it will carry out a 1-for-10 reverse stock split on its common shares, a step shareholders greenlit back in June to help the company meet Nasdaq listing standards ...
The Bahamas Moves to Establish Medical Cannabis Industry
LOS ANGELES— In a pivotal stride toward diversifying its economy, The Bahamas has rolled out a comprehensive package of 11 legislative bills, aiming to decriminalize cannabis for medical, research, and religious uses. This move establishes ...
The Promise and Potential of Psilocybin
LOS ANGELES-- The rapid emergence of research into the potential therapeutic benefits of psilocybin, a naturally occurring psychedelic compound found in certain mushrooms, has brought with it new hope for individuals struggling with various mental ...
U.S. Health Department Urges Easing Rules on Cannabis, Citing Health Benefits
WASHINGTON, D.C. –In a recent development, the U.S. Department of Health and Human Services (HHS) has proposed a relaxation of regulations surrounding cannabis, according to a report from Bloomberg News. The move comes as part ...
Nebraska Governor Rejects Proposed Changes to Law Enforcement’s Cannabis Usage Rules
LOS ANGELES— A proposal aimed at reducing the time frame that law enforcement officer recruits in Nebraska must abstain from cannabis use prior to training has been vetoed by Governor Jim Pillen. The measure sought ...
Cybin Acquires U.K.-Based Small Pharma Amid Emerging Trends in Psychedelics Industry
NEW YORK — In what could be described as the burgeoning movements within the psychedelics sector, Cybin , a clinical-stage biopharmaceutical firm, has announced its intention to acquire U.K.'s Small Pharma. This move sparks dialogue ...
Irwin Naturals Posts Loss Amid New Ventures in Psychedelics and Cannabis
LOS ANGELES-- Despite its bold moves and positive undertones about future prospects, Irwin Naturals' shift towards psychedelics and its increased commitment to the cannabis sector isn't devoid of challenges. Regulatory uncertainty, intense competition, and a ...
Planet 13’s Strategic Move: Acquires VidaCann to Boost its Footprint in Florida
LAS VEGAS, NV — In a strategic move to bolster its presence in the booming Florida cannabis market, multi-state vertically integrated cannabis company, Planet 13 Holdings Inc., announced a membership interest purchase agreement to take ...
PharmaCielo Ltd. Reports Q2 2023 Financial Results
TORONTO — PharmaCielo Ltd., a figure in the cannabis industry based out of Canada and holding substantial operations in Colombia via PharmaCielo Colombia Holdings S.A.S., revealed its financial results for the quarter concluding on June ...
Canadian Cannabis Companies Rethink U.S. Hemp Market Strategy
NEW YORK-- Canadian cannabis titans have long eyed the American hemp-derived CBD market as a golden opportunity, particularly following the legalization of low-THC hemp in the 2018 U.S. Farm Bill. But as enthusiasm for cannabis ...
Cannabis Infused Products Boost Minnesota’s Tax Revenue
LOS ANGELES-- The state of Minnesota has experienced a significant increase in tax revenue following the legalization of cannabis-infused products such as gummies and beverages. A recent report from the state Department of Revenue, as ...
Evolving Cannabis Retail Landscape Sees Shifts in Billion-Dollar State Markets
LOS ANGELES — The U.S. cannabis industry, still in its nascent stages, witnessed notable shifts in 2023 with a projected reduction in states reaching the billion-dollar mark in retail sales, according to a comprehensive report ...
Michigan’s Cannabis Industry Sees Robust Growth, Generating Billions in Sales
LOS ANGELES-- In a remarkable testament to the growth potential of regulated markets, Michigan's cannabis industry has burgeoned into a financial powerhouse, with sales reaching multi-billion dollar figures. Recent data sheds light on a sector ...
Planet 13 Holdings Announce Florida Expansion Plans with $50 Million Acquisition of VidaCann
Planet 13 Holdings, based in Las Vegas, has unveiled a substantial $48.9 million agreement to acquire the comprehensive cannabis enterprise of VidaCann, a Florida-based company. This acquisition encompasses a network of 26 medical cannabis dispensaries, ...
Missouri Adjusts Cannabis Regulations for Foster Parents
LOS ANGELES-- In a significant policy move, Missouri's Department of Social Services has allowed foster parents in the state to legally possess and cultivate cannabis. The emergency rule, put in place last week, aligns the ...
Declining Prices Boost Cannabis Sales in British Columbia
LOS ANGELES — As cannabis prices in British Columbia continue their descent, the province is experiencing a boom in sales, according to the latest wholesale quarterly report covering April to June 2023. Released data offers ...
Ohio Set to Decide on Adult-Use Cannabis Legalization this November
LOS ANGELES-– Ohioans will have the chance to make their state the 24th in the U.S. to authorize adult-use cannabis, after state officials greenlit ballot language for a November vote. The Ohio Ballot Board, comprising ...
Texas Cities Pivot Toward Cannabis Decriminalization Amidst Statewide Stalemate
LOS ANGELES — Several Texas cities, in a progressive stride, are taking individual steps toward decriminalizing cannabis possession, a move seen as a response to the state Senate's reluctance to pass a House-endorsed bill centered ...
Swiss Pilot Program Explores Regulated Cannabis Sales
ZURICH — In an innovative exploration of the cannabis market, Switzerland has launched a pilot program named “Züri Can – Cannabis with Responsibility.” The program, which began on August 22, will be a three-year study ...
New Guidelines Published for Psychedelic-Assisted Therapy
LOS ANGELES-- In a landmark move, the American Psychedelic Practitioners Association (APPA) and BrainFutures have released what's being heralded as the first set of professional practice guidelines for psychedelic-assisted therapy. This step comes at a ...
Legal Debate Continues Over Alabama Medical Cannabis Licences
MONTGOMERY, Ala. — The road to medical cannabis access in Alabama remains blocked as a legal battle unfolds over the methods employed in selecting companies for the potentially lucrative licenses. In the heart of Montgomery ...
New Jersey Dedicates $15 Million from Cannabis Tax Fund to Violence Intervention Programs
TRENTON, NJ — Governor Phil Murphy, in collaboration with Attorney General Matthew J. Platkin, recently unveiled an initiative committing $15 million to Community-Based Violence Intervention (CBVI) programs, with a portion of these funds stemming from ...
Big Plan Holdings and Evelyn Capital Collaborate on $3.25 Million Cannabis Property Acquisition in Pennsylvania
LOS ANGELES— At the nexus of music, fashion, and sports, a realm which now encapsulates the burgeoning cannabis industry, Big Plan Holdings has joined forces with Evelyn Capital. Their recent collaboration has culminated in the ...
Missouri Tackles “Lab Shopping” with Enhanced Cannabis Testing Regulations
LOS ANGELES — Missouri, in its latest bid to bolster the integrity of its burgeoning cannabis sector, has ushered in stringent rules to stymie the practice of "lab shopping"— a trend where cannabis producers take ...
Verano Holdings Files Lawsuit Against Alabama Medical Cannabis Commission
LOS ANGELES — Verano Holdings, a Chicago-based cannabis operator, has filed a lawsuit against the Alabama Medical Cannabis Commission (AMCC) following the revocation of a business license that was initially granted to the company. This ...
Cannabis Industry Gets Tax Relief in California Cities
LOS ANGELES — A shift in perception among California’s local government officials has resulted in the reduction or elimination of various local taxes on legal cannabis. This change is primarily driven by the realization that ...
