Legal Affairs
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – Federal rescheduling under President Trump’s Executive Order sparked widespread state reactions and investor outlooks into early 2026, blending consolidations and expansions with regulatory friction, outright manipulation, and overtures to public opinion. Psychedelics ...
NY Cannabis Retailers Double in Number, Push Total Sales Past $2.5B Mark
NEW YORK – New York state's licensed Cannabis dispensaries grew to 556 outlets by the end of 2025, more than twice the 261 operating a year earlier, as adult-use sales crossed the $2.5 billion threshold ...
Czech Republic Rolls Out Limited Cannabis Reforms, Allowing Home Growing and Possession Caps
PRAGUE – The Czech Republic ushered in the new year with measured changes to its Cannabis policies, legalizing personal cultivation and setting clear possession thresholds for adults. Under the reforms signed into law by President ...
Arizona Funds Nation’s First Whole-Mushroom Psilocybin Trial Targeting PTSD in Veterans & First Responders
PHOENIX – State officials in Arizona have authorized and financed what amounts to the country's initial controlled study of whole psilocybin mushrooms as a treatment for post-traumatic stress disorder (PTSD) among police officers, firefighters, and ...
Bioxyne Reports Record Revenue, Yet Cash Outflows Climb on Expansion Push
SYDNEY – Bioxyne Limited, an Australian life sciences and wellness products company, posted its highest quarterly revenue on record for the period ended September 30, with sales reaching A$14.1 million, a 210% jump from the ...
Kansas Poll Shows Broad Support for Cannabis Reform
TOPEKA – A recent survey of Kansas residents highlights growing public enthusiasm for Cannabis policy changes, with nearly seven in ten adults endorsing medical use and close to six in ten favoring recreational access. A ...
Cybin Raises $175M in Direct Offering, Reinforcing Psychedelic Pipeline
TORONTO – Cybin Inc., a clinical-stage biopharmaceutical company focused on psychedelic-based treatments for mental health disorders, disclosed a $175 million registered direct offering, drawing commitments from a roster of established biotech investors. The deal, priced ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – Federal rescheduling under President Trump’s Executive Order sparked widespread state reactions and investor outlooks into early 2026, blending consolidations and expansions with regulatory friction, outright manipulation, and overtures to public opinion. Psychedelics ...
NY Cannabis Retailers Double in Number, Push Total Sales Past $2.5B Mark
NEW YORK – New York state's licensed Cannabis dispensaries grew to 556 outlets by the end of 2025, more than twice the 261 operating a year earlier, as adult-use sales crossed the $2.5 billion threshold ...
Czech Republic Rolls Out Limited Cannabis Reforms, Allowing Home Growing and Possession Caps
PRAGUE – The Czech Republic ushered in the new year with measured changes to its Cannabis policies, legalizing personal cultivation and setting clear possession thresholds for adults. Under the reforms signed into law by President ...
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 ...
South Dakota Medical Cannabis Program Sees Exponential Growth, Outpacing Projections
LOS ANGELES — South Dakota's medical cannabis program has issued nearly twice as many patient cards as initially projected, according to the state official responsible for overseeing the initiative. Jennifer Seale, the administrator for the ...
Maryland Town and Trulieve Cannabis in Dispute Over Equity Deal
LOS ANGELES — An unfolding financial dispute between the small Maryland town of Hancock and the Florida-based cannabis giant, Trulieve Cannabis, highlights the intricate dynamics of municipal investments in the rapidly evolving cannabis industry. Dating ...
Canadian Cannabis Sales Set New Monthly Record, Rising to C$426.6 Million in June
TORONTO— Statistics Canada's recent report reveals a burgeoning cannabis market, with June retail sales reaching a record C$426.6 million, marking a 2.6% uptick from May's slightly revised C$415.7 million. The surge, which equates to 6.0% ...
Psilera Gains U.S. Patent Approval for Next-Gen Mental Health Treatment Solutions
LOS ANGELES-- In a move that underscores the shifting landscape of mental health therapy, Tampa-based biopharmaceutical company Psilera announced on Wednesday that it has received a notice of allowance from the U.S. Patent and Trademark ...
U.S. Cannabis Industry: Growth and Puzzles Across States
LOS ANGELES— The cannabis landscape in the U.S. is rapidly shifting, with each state crafting its narrative. From Maryland's remarkable entry to Michigan's booming market, Illinois's unique challenges, and Colorado's stellar tax earnings, the industry's ...
Maryland’s Recreational Cannabis Sales Surge Amid Varied Growth Across U.S. States
LOS ANGELES – Maryland's newly launched recreational cannabis market is already generating waves in the industry, boasting sales of $87.3 million in its inaugural month of July 2023. Despite the robust figures, a report from ...
Idaho Pushes to Introduce Medical Cannabis Amid Broader Regional Shift
LOS ANGELES— As the broader Pacific Northwest embraces cannabis legalization, Idaho remains a notable holdout. But Kind Idaho, an advocacy group, is undeterred, seeking to introduce medical cannabis in the state. In Idaho, where no ...
Ohio Governor and Health Officials Voice Opposition to Cannabis Legalization
LOS ANGELES — As Ohio inches closer to a potential shift in its stance on adult-use cannabis, significant opposition emerges from top state officials. Last week, Governor Mike DeWine (R) expressed his dissent, stating to ...
Quebec’s Cannabis Retail Landscape: The Struggles and Future Possibilities
TORONTO — While corner shops selling recreational cannabis have become a familiar sight in most major Canadian cities since its legalization five years ago, the landscape appears significantly different in Quebec. Toronto, Canada’s largest city, ...
New Mexico Appoints Colorado Cannabis Expert to Lead Regulatory Division
LOS ANGELES—In a move reflecting the growing significance of the cannabis industry in the Southwest, New Mexico's Cannabis Control Division has named Todd Stevens, a seasoned professional from Colorado's expansive cannabis market, as its next ...
Tilray Brands Expands into Alcoholic and Cannabis Beverages with Major Acquisitions
NEW YORK-- In a strategic move to diversify its portfolio, Tilray Brands, one of the world's largest cannabis companies, is broadening its reach into the alcoholic and cannabis beverage sectors. The company has recently announced ...
