Legal Affairs
Blind Spot: Cannabis Industry Falls Short on Communications
NEW YORK – Legal Cannabis brought in $38.5 billion in revenue in 2024. Whitney Economics estimated that figure to drop to between $29.1 billion and $29.6 billion in 2025, due to falling prices, tax pressures, ...
Cannabis 3.0 — The Body Was Designed to Heal
LOS ANGELES- The cannabis industry is entering a new phase. The first era—Cannabis 1.0—was defined by prohibition and the fight for legalization. Cannabis 2.0 followed, driven by commercialization: brands, retail expansion, and the rapid scaling ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – Two weeks that rewrote the rules. That is the most accurate way to characterize what the U.S. Сannabis and Psychedelics industries have experienced heading into the final days of April 2026. Federal ...
Village Farms Reports Q4 and FY 2025 Financial Results
VANCOUVER – Village Farms International, Inc. released earnings demonstrating a significant operational turnaround – the result of deliberate strategies focused on enhancing production efficiencies, expanding global export channels, and optimizing product mix in its Cannabis ...
TerrAscend Reports Q4 and FY 2025 Financial Results
TORONTO – In an industry still wrestling with persistent pricing compression, TerrAscend Corp. managed to hold the line on profitability while posting modest sequential growth in its latest quarter. The company released its financial results, ...
Michigan Cannabis Sales Hit $3.17B in 2025, First Annual Decline Since Legalization
LANSING – Michigan consumers purchased $3.17 billion in recreational Cannabis products in 2025, the Cannabis Regulatory Agency (CRA) reported, marking the first year-over-year drop in total sales revenue since the state began adult-use retail operations ...
MariMed Reports Q4 and FY 2025 Financial Results
NORWOOD – MariMed Inc. released its fourth-quarter and full-year 2025 financial results, reporting a modest revenue increase that reflects the company’s focus on branded wholesale gains in an environment of sustained margin compression across multiple ...
Blind Spot: Cannabis Industry Falls Short on Communications
NEW YORK – Legal Cannabis brought in $38.5 billion in revenue in 2024. Whitney Economics estimated that figure to drop to between $29.1 billion and $29.6 billion in 2025, due to falling prices, tax pressures, ...
Cannabis 3.0 — The Body Was Designed to Heal
LOS ANGELES- The cannabis industry is entering a new phase. The first era—Cannabis 1.0—was defined by prohibition and the fight for legalization. Cannabis 2.0 followed, driven by commercialization: brands, retail expansion, and the rapid scaling ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – Two weeks that rewrote the rules. That is the most accurate way to characterize what the U.S. Сannabis and Psychedelics industries have experienced heading into the final days of April 2026. Federal ...
New York’s Legal Cannabis Sales Reach $83 Million in 2023
NEW YORK — Recreational cannabis sales in New York have hit the $83 million mark from the onset of 2023 through September 29, based on the latest preliminary data provided by the state's cannabis regulatory ...
Revive Therapeutics Partners with Canadian Defence Agency on Nerve Agent Treatment Research
TORONTO — Revive Therapeutics Ltd., a specialty life sciences firm dedicated to developing treatments for rare disorders and medical needs, announced today its collaboration with Defence R&D Canada – Suffield Research Centre (DRDC), an entity ...
Pharmaceutical Industry Faces Record-High Settlements Over a Decade, Report Shows
NEW YORK — A recent report has brought to light staggering numbers concerning financial settlements and penalties within the pharmaceutical sector. Published on Oct. 17 by ConsumerShield, the report reveals that over the past decade, ...
Cresco Labs Finalizes Sale of Arizona Operation and Secures Mortgage on New York Properties
CHICAGO — Cresco Labs Inc. has officially concluded the sale of its single licensed operation in Arizona to an affiliate of Mint Cannabis, marking another significant move in its strategic financial reshuffling. The sale, fetching ...
Germany Contemplates Cannabis Legalization Amid Mixed Responses
BERLIN — The German federal parliament is set to weigh in on a pivotal cannabis reform bill, marking a potential tectonic shift in the nation's stance on the plant. Championed by Chancellor Olaf Scholz, this ...
Psilocybin Shows Significant Potential in Mental Health Treatment, Study Reveals
LOS ANGELES- A groundbreaking study, recently published, has shed light on the profound implications of psilocybin use, especially in the realm of mental health. Demonstrating consistent reductions in depression, anxiety, and alcohol misuse, the research ...
Arizona Cannabis Sales Drop, But Annual Projection Remains Strong
LOS ANGELES-- Arizona's cannabis sales have experienced a significant downturn in 2023, with the lowest recorded sales in July. Nevertheless, annual projections for the state's cannabis market are optimistic and are still expected to parallel ...
Missouri-based Hwy35 Secures $22 Million Funding for Cannabis Facility in Minnesota
LOS ANGELES- As Minnesota joins the growing list of states legalizing adult-use cannabis, Missouri-based cannabis operator, Hwy35, is already laying down roots in the state with a significant $22 million funding boost from Minnesota state ...
Harvard University Embarks on Groundbreaking Study of Psychedelics
CAMBRIDGE- Harvard University, a name synonymous with academic excellence, is venturing into a new interdisciplinary field of study. The institution has announced the establishment of the Study of Psychedelics in Society and Culture, funded by ...
Canada Marks Five Years of Cannabis Legalization: A Look Back and Ahead
LOS ANGELES- October 17 marks a momentous occasion for Canada, as it celebrates the fifth anniversary of cannabis legalization, a pioneering move for an industrialized nation and one that has seen cannabis contributing roughly 0.5% ...
Cannabis and COVID-19: New Study Reveals Potential Benefits
LOS ANGELES- In the wake of the global pandemic, a novel study has shed light on the potential advantages of cannabis for those who contracted COVID-19. Published in the reputable CHEST Journal, the study suggests ...
Governor Gavin Newsom Faces a Crucial Decision on Psychedelic Decriminalization
LOS ANGELES- The movement to decriminalize psychedelics in California, a campaign spanning over six decades, stands at a pivotal juncture. SB58, the bill that seeks to decriminalize various natural psychedelics and pave the way for ...
Colombia Pivots Drug Policy Amid Global Changes
LOS ANGELES- In a bold move reflecting the changing landscape of the worldwide narcotics struggle, Colombia has introduced a fresh drug policy, signaling a significant departure from traditional enforcement-centered methods. President Gustavo Petro accentuated the ...
New York Extends Cannabis Licensing Application Deadline Amid Mounting Concerns and Legal Obstacles
NEW YORK- Amid a flood of applications and growing uncertainty from prospective cannabis entrepreneurs, New York’s Cannabis Control Board (CCB) has granted a two-week extension for cannabis business license applications. Originally slated to close on ...
Legal fights Surround Alabama’s Medical Cannabis Licensing Process
LOS ANGELES-The Alabama Medical Cannabis Commission (AMCC) finds itself amidst legal turbulence due to challenges related to its medical cannabis licensing process. Background: Verano Holdings Corp. recently took legal action against the AMCC, criticizing the ...
Maryland Judge Supports Hemp Producers Against Restrictive Licensing Scheme
LOS ANGELES-- In a significant ruling, a Maryland judge rejected a temporary restraining order against hemp producers, affirming that hemp products remained legal as per the provisions of the 2018 Farm Bill. The lawsuit was ...
Cybin and Small Pharma Seal the Deal with Shareholder Approval
LOS ANGELES-- In a recent development in the clinical-stage psychedelics sector, Canada's Cybin Inc. (CYBN) and the UK's Small Pharma Inc. (DMTTF) have made significant progress in their merger plans. Following their annual general and ...
Canadian Cannabis Act Faces Critical Review
NEW YORK— Following the implementation of the Cannabis Act in 2018, Health Canada's recently released "What We Heard Report" paints a complex picture of the nation’s adult-use cannabis industry. While the legalization of cannabis for ...
Colorado’s Cannabis Sales Show Decline Amid Oversupply and Economic Downturn
LOS ANGELES- Colorado's cannabis market, which has seen considerable growth since its initiation in 2014, is currently facing a decline, according to the latest sales report by the Colorado Department of Revenue (DOR). Highlights from ...
4Front Ventures Secures $10 Million Credit Facility to Amplify Illinois Operations
LOS ANGELES-- 4Front Ventures Corp. a multi-state, vertically integrated cannabis operator and retailer, has publicized its recent procurement of a $10 million senior secured credit facility agreement. The agreement is with ALT Debt II, LP, ...
FARRIS FORWARD: Your Guiding Light: 7 Steps to Create Core Values for Your Organization
LOS ANGELES–Welcome to Farris Forward, a new series of articles by Jon Farris exploring the intersection of strategy and leadership in the cannabis and psychedelics industries, or any industry where humans work. Read on: Navigating ...
FARRIS FORWARD: How to Unlock Your Passion: The Power of “Why”
LOS ANGELES–Welcome to Farris Forward, a new series of articles by Jon Farris exploring the intersection of strategy and leadership. In the difficult and fast-paced world of business, especially in cannabis, it's easy to get ...
Ohio Grapples with Cannabis Legalization as Early Voting Commences
COLUMBUS– The Buckeye State stands on the precipice of a transformational decision. As early voting gets underway, Ohio residents are faced with a potential shift in their state's stance on cannabis. Public sentiment, shaped by ...
Canadian Cannabis Advocates Push for Higher THC Limits in Edibles Amid Regulatory Review
NEW YORK- In a significant development in Canada's cannabis landscape, advocates are pressing the federal government to revise the potency limits for cannabis edibles. A petition launched last week is seeking a tenfold increase in ...
TerrAscend Corp. Raises Revenue Guidance, Sees Robust Growth in Multiple States
LOS ANGELES-- TerrAscend Corp. displayed a strong financial posture by updating its revenue guidance for 2023 during its investor day at the Toronto Stock Exchange. This adjustment propelled the company's stock upwards by 4%, resulting ...
