Legal Affairs
Canadian Court Sides with Psychedelic Therapy Advocates in Psilocybin Exemption Case
LOS ANGELES- A Canadian federal court has ordered Health Canada to revisit its denial of psilocybin exemptions for health-care professionals, marking a significant development in the country’s evolving drug policy landscape. The ruling stems from ...
Dallas Halts Enforcement of Voter‑Approved Cannabis Depenalization Charter
LOS ANGELES- Dallas city officials have suspended the enforcement of a charter amendment approved by 67 percent of voters in November, which decriminalized possession of up to four ounces of cannabis and prohibited arrests based solely ...
Würk Integrates DailyPay’s On‑Demand Pay into Payroll Platform
LOS ANGELES- Würk, a provider of payroll, human resources, and compliance software for highly regulated industries—including cannabis and gaming—has integrated DailyPay’s on‑demand pay service into its existing payroll platform. The integration enables Würk’s clients to ...
MediPharm Labs Initiates EU and UK Production of Cannabis Metered Dose Inhalers
LOS ANGELES- MediPharm Labs Corp. has commenced production of its cannabis metered dose inhalers for the European Union and United Kingdom markets. This initiative is part of an exclusive sales and distribution agreement with Blackpoint ...
Pennsylvania Senator Introduces ‘Keystone Cannabis Act’ to Legalize Adult-Use Cannabis
LOS ANGELES- Pennsylvania State Senator Marty Flynn (D-22) has announced plans to introduce the "Keystone Cannabis Act," a legislative proposal aimed at legalizing adult-use cannabis in the Commonwealth. The announcement follows the recent rejection of ...
Rubicon Organics Finalizes Conditions for Hope Facility Acquisition
LOS ANGELES- Rubicon Organics Inc. has announced the fulfillment of all conditions precedent related to its agreement with MediPharm Labs Inc. for the acquisition of a 47,500-square-foot indoor cultivation facility located in Hope, British Columbia. ...
Argentina Overhauls Medical Cannabis Program with Stricter Regulations
LOS ANGELES- In 2025, Argentina implemented significant reforms to its medical cannabis program, REPROCANN, introducing stricter regulations for cultivators, non-governmental organizations (NGOs), and medical professionals. These changes aim to enhance oversight and ensure the program's ...
Canadian Court Sides with Psychedelic Therapy Advocates in Psilocybin Exemption Case
LOS ANGELES- A Canadian federal court has ordered Health Canada to revisit its denial of psilocybin exemptions for health-care professionals, marking a significant development in the country’s evolving drug policy landscape. The ruling stems from ...
Dallas Halts Enforcement of Voter‑Approved Cannabis Depenalization Charter
LOS ANGELES- Dallas city officials have suspended the enforcement of a charter amendment approved by 67 percent of voters in November, which decriminalized possession of up to four ounces of cannabis and prohibited arrests based solely ...
Würk Integrates DailyPay’s On‑Demand Pay into Payroll Platform
LOS ANGELES- Würk, a provider of payroll, human resources, and compliance software for highly regulated industries—including cannabis and gaming—has integrated DailyPay’s on‑demand pay service into its existing payroll platform. The integration enables Würk’s clients to ...
High Tide and [Re] Waste Team Up to Celebrate Earth Day: A Revolutionary Initiative for Sustainable Cannabis Packaging
LOS ANGELES-- High Tide Inc. is making waves in the cannabis industry by leading the charge for environmentally responsible packaging solutions. In honor of Earth Day, the company is proudly partnering with [Re] Waste, an ...
Oregon Health Authority Licenses State’s First Three Facilitators for Psilocybin Services
OREGON-- Oregon has become the first state in the US to implement a regulatory framework for the production of psilocybin products and the provision of psilocybin services. The state's regulatory framework was created by M109, ...
Alabama Set to Launch Medical Cannabis Industry, 17 Companies Expected to Receive Licenses
ALABAMA -- Alabama is gearing up to launch its medical cannabis industry later this year, with up to 17 companies expected to be granted licenses to cultivate and process cannabis for patients in the state. ...
Psychedelic Drug Regulation: Three US States Make Moves to Legalize Psilocybin and MDMA for Mental Health Treatment
LOS ANGELES-- Over the past few weeks, several states in the United States have been making strides in the area of psychedelic drug regulation, specifically around the compound psilocybin found in magic mushrooms. Three states ...
Cannabis Retailers Prepare for Massive Sales on 4/20, the Unofficial Cannabis Holiday
LOS ANGELES-- Tech firms tracking sales in the cannabis industry are predicting a "massive" sales day for retailers on April 20th, also known as 4/20, which they have dubbed the industry's Super Bowl or Black ...
REPORT: US Cannabis Industry Skyrockets to $100 BN in 2023
LOS ANGELES- In a significant milestone for the growing cannabis industry, analysts predict that it will add a whopping $100 billion to the US economy by 2023. This projection, which comes from the newly published ...
Exploring the Rise of Vape Pens in the Cannabis Industry and the Challenges Ahead
LOS ANGELES-- Cannabis vape pens have emerged as one of the most popular cannabis products due to their convenience, ease of use, and discreetness. According to a report by Headset, vapes were the second-most popular ...
Colorado’s Psychedelics Advisory Board Faces Challenges in Establishing Regulated Access Scheme
LOS ANGELES-- Colorado's first-ever psychedelics advisory board meeting took place last week to establish a regulated access scheme for mind-bending therapeutics, which were approved by voters in November. The board's initial focus, however, is on ...
Curaleaf Holdings Announces Restatement of Financial Statements Following Internal Review
NEW YORK-- Curaleaf Holdings, a leading cannabis company, announced today that it has been conducting a review of certain purchases and sales of products through its wholesale channel to determine whether they had commercial substance, ...
”Lab-Shopping” Is Holding Back The Cannabis Industry
LOS ANGELES- In recent years, the cannabis industry has experienced tremendous growth, with more and more states legalizing both recreational and medical cannabis use. With this growth, there has been an increasing demand for cannabis ...
Innocan Pharma Reports Significant Revenue Growth in Audited Financial Results for 2022
LOS ANGELES-- Innocan Pharma, a pharmaceutical technology company specializing in the development of innovative drug delivery platform technologies and owning a proprietary IP portfolio, has released its audited financial results for the year ended December ...
Curaleaf Granted Approval to Continue Selling Recreational Cannabis in New Jersey After Initial Denial
LOS ANGELES-- Curaleaf Holdings, a global provider of consumer cannabis products, has won a significant legal victory in New Jersey. The New Jersey Cannabis Regulatory Board reversed its earlier decision to deny the company's adult-use ...
Barky AI and Highten Launch Canna-GPT: World’s First Cannabis AI Chatbot
LOS ANGELES-- Barky AI and Highten have joined forces to launch Canna-GPT, the world's first Cannabis AI chatbot. With a goal of democratizing cannabis education, the new AI chatbot interface makes it easier for users ...
EY Global Cannabis CEO Survey: Industry Faces Intense Challenges but Remains Optimistic for Growth in 2023
LOS ANGELES-- More than half of cannabis companies failed to meet their board's expectations in 2022, as revealed by the EY Global Cannabis CEO Survey. These underperformances were primarily due to external forces such as ...
Germany Shifts Plan for Cannabis Legalization to Nonprofits and Personal Use
LOS ANGELES-- German officials have scaled back their plans for the legalization of cannabis after consulting with the European Union (EU), according to the Associated Press. Instead of a widespread retail industry, regulators now plan ...
Finnish Survey Reveals Changing Attitudes Towards Cannabis and Drug Decriminalization
LOS ANGELES -- A recent survey conducted by Finland's Institute for Health and Welfare (THL) revealed that attitudes towards cannabis use and possession are changing among the Finnish population. According to YLE News, 53% of ...
Vertical Disintegration – Who Eats Who?
Vertical Disintegration - Who Eats Who? Young America Capital’s investment bankers Jon Lunsford and Sean Santa have published the first of three articles examining vertical disintegration from the standpoint of those raising private capital for ...
Trump Claims ”Genetically Engineered” Cannabis Causes Mass Shootings
NEW YORK - In a recent speech for the National Rifle Association, former U.S. President Donald Trump made a controversial claim that genetically engineered cannabis is the cause of mass shootings in the United States. ...
High THC Cannabis Does NOT Equal Quality Cannabis
LOS ANGELES–When it comes to the quality of cannabis, the misconception that higher THC content equates to a better high is widespread. However, this couldn’t be further from the truth. THC, the specific compound in ...
Navigating the Challenges of the Booming Cannabis Industry
LOS ANGELES-- As the stock market struggles, the cannabis industry is booming with higher than ever consumer demand. Industry leaders gathered at the recent Benzinga Cannabis Capital Conference in Miami to discuss strategies and insights ...
New Report Finds Cannabis Industry Reaches $35 Billion in Legal Markets Globally
LOS ANGELES-- According to the latest report from New Frontier Data, the cannabis industry in legal markets reached $35 billion in 2022, while total demand in both legal and illicit markets was estimated to be ...
Curaleaf’s New Jersey Adult-Use Licenses Renewal Temporarily Denied
LOS ANGELES--Curaleaf Holdings, an international provider of consumer cannabis products, has expressed its disappointment with the decision made by the New Jersey Cannabis Regulatory Commission's Board (CRC Board) to deny the renewal of its cultivation ...
Curaleaf’s New Jersey Adult-Use Licenses Renewal Denied
LOS ANGELES-- Curaleaf Holdings, an international provider of consumer cannabis products, has expressed its disappointment with the decision made by the New Jersey Cannabis Regulatory Commission's Board (CRC Board) to deny the renewal of its ...
Canopy Growth Corporation Enters Exchange Agreement with Greenstar Canada Investment for $73.9 Million Debt Extinguishment
LOS ANGELES-- Canopy Growth Corporation has recently announced that it has entered into an exchange agreement with Greenstar Canada Investment Limited Partnership (GCILP), a wholly-owned subsidiary of Constellation Brands, Inc., for the extinguishment of C$100 ...
MC Global Holdings Expands European Business to Meet Increasing Demand for Hemp-Derived Cannabinoids
LOS ANGELES-- MC Global Holdings, a global provider of hemp-derived cannabinoids, has recently announced its plans for expansion into the European market. The company's affiliate European holding company, MC Wellness International, Limited, will be leading ...
