Legal Affairs
Rhode Island Launched Applications for Additional Cannabis Retail Licenses
PROVIDENCE – The Rhode Island Cannabis Control Commission has started taking applications for 24 additional adult-use Cannabis retail licenses, a step that expands the state's recreational market three years after legalization. The licenses are spread ...
Week In Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – Wrapping up the first half of September 2025, it's worth noting that the Cannabis & Psychedelics industries continue proving their resilience amid political uncertainty and turbulent market dynamics. From stock rallies signaling ...
Former Arizona Senator Sinema Advocates Ibogaine Research Post-Treatment
LOS ANGELES – Former U.S. Senator Kyrsten Sinema of Arizona shared details of her personal encounter with ibogaine during a recent appearance on CNN. Speaking with Jake Tapper, Sinema highlighted her push for expanded research into ...
Canada’s Cannabis Industry Defies Economic Odds
TORONTO – In a striking contrast to Canada’s faltering economy, the legal Cannabis industry continues to flourish, bolstering the nation’s GDP while other sectors struggle. Statistics Canada reports that the licensed cannabis sector grew by ...
Cannabis Giants Grapple with Weak ROIC, Viridian Report Finds
LOS ANGELES – A recent analysis by Viridian Capital Advisors paints a somber picture for the Cannabis industry, projecting that none [!] of the 11 major companies studied will achieve a Return on Invested Capital ...
Aurora Cannabis Inc. Reports 93% Sales Surge & Focus on Medical Market Dominance
OTTAWA – Aurora Cannabis Inc. (ACB), a leading Canadian cannabis producer, has reported a 93% jump in sales for its latest quarter, cementing its position in the medical cannabis market. The Edmonton-based company’s financial results, ...
Cannabis Real Estate Valuations Highlight Sector Dynamics
LOS ANGELES – A recent report from Viridian Capital Advisors sheds light on the valuations of four key players in the U.S. Cannabis real estate sector: Chicago Atlantic and AFC Gamma, the leading specialty lenders, ...
Rhode Island Launched Applications for Additional Cannabis Retail Licenses
PROVIDENCE – The Rhode Island Cannabis Control Commission has started taking applications for 24 additional adult-use Cannabis retail licenses, a step that expands the state's recreational market three years after legalization. The licenses are spread ...
Week In Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – Wrapping up the first half of September 2025, it's worth noting that the Cannabis & Psychedelics industries continue proving their resilience amid political uncertainty and turbulent market dynamics. From stock rallies signaling ...
Former Arizona Senator Sinema Advocates Ibogaine Research Post-Treatment
LOS ANGELES – Former U.S. Senator Kyrsten Sinema of Arizona shared details of her personal encounter with ibogaine during a recent appearance on CNN. Speaking with Jake Tapper, Sinema highlighted her push for expanded research into ...
Minnesota Legalizes Recreational Cannabis, Expanding Market and Tax Revenue
MINNESOTA. - Governor Tim Walz of Minnesota has signed into law a bill legalizing the recreational use of cannabis, making Minnesota the 23rd state in the U.S. to do so. The legislation, known as HF ...
Opinion: Cannabis PR Scares Me…and It Should Scare You Too–By Lauren Mundell
LOS ANGELES--First of all, if you don't understand PR, you're not alone. One of the top influencers in PR Parry Headrick often recycles this post and it gets hundreds of comments each time. So, instead of ...
Innocan Pharma Reports Significant Revenue Growth & Gross Profit in Q1 2023
LOS ANGELES-- Innocan Pharma Corporation, a pharmaceutical technology company specializing in innovative drug delivery platform technologies, has announced its financial results for the first quarter ended March 31, 2023. The company reported significant growth in ...
Minnesota Legalizes Adult-Use or Recreational Cannabis
ST PAUL, MN–Minnesota Governor Tim Walz, a Democrat, made a significant move on Tuesday by signing a bill that legalizes the recreational use of cannabis in the state. With this signature, Minnesota becomes the 23rd ...
Canopy Growth Acquires 19.99% Stake in Indiva, Secures Distribution Rights for Wana Edibles in Canada
LOS ANGELES-- In a strategic move to expand its presence in the cannabis edibles market, Canadian cannabis producer Canopy Growth has announced the acquisition of a 19.99% stake in edibles manufacturer Indiva. The deal also ...
Cansortium Reports Q1 2023 Results with Revenue Growth and Increased Profitability
LOS ANGELES-- Cansortium Inc., a vertically-integrated multi-state cannabis company operating under the FLUENT™ brand, has reported its financial and operating results for the first quarter ended March 31, 2023. The company showcased a 12% year-over-year ...
Tilray Brands, Inc. Announces Successful Pricing of $150 Million Unsecured Convertible Senior Notes Offering
Los Angeles-- Tilray Brands, Inc. a global cannabis-lifestyle and consumer packaged goods company, revealed today that it has successfully priced its registered offering of $150 million aggregate principal amount of 5.20% Convertible Senior Notes due ...
BZAM Ltd. Reports Strong Q1 2023 Results, Achieving Record Revenues and Expanding Market Share
LOS ANGELES-- BZAM Ltd a Canadian cannabis producer, has released its financial and operating results for the first quarter of 2023, reporting impressive growth and positive developments. The company's Q1 2023 highlights include achieving record ...
Massachusetts Regulators Scrap Pilot Program for Cannabis Consumption Cafes, Prioritize Broader Approach
BOSTON-- In a bid to expedite the establishment of cannabis consumption lounges, Massachusetts marijuana regulators have made the decision to cancel a long-planned pilot program for such establishments. The move comes as members of the ...
Canopy Growth Corporation Faces Restatement of Financial Statements Following Internal Review
Los Angeles-- Canopy Growth Corporation, a cannabis company, announced today that it will need to restate its financial statements following an internal review of the financial reporting matters related to BioSteel Sports Nutrition Inc. This ...
California’s Legal Cannabis Market Faces Declining Sales in Q1 2023
LOS ANGELES- California's legal cannabis market continues to grapple with challenges, as indicated by the latest tax and sales numbers released by the state's Department of Tax and Fee Administration. According to the agency's report ...
Organigram Enters Partnership with Phylos Bioscience to Enhance Cannabis Genetics and Technical Capabilities
LOS ANGELES-- Organigram Holdings Inc, a licensed producer of cannabis, announced today that it has forged a comprehensive technical and commercial relationship with Phylos Bioscience Inc., a renowned U.S. cannabis genetics company based in Portland, ...
Uncertain Future for Medical Cannabis Expansion in Texas as Legislative Session Nears Conclusion
AUSTIN-- As the Texas legislative session draws to a close this Memorial Day, the future of medical cannabis expansion in the state remains uncertain. Crucial legislation aimed at broadening access to low-THC medical cannabis products ...
Minnesota Legislature Advances Health Policy Bill with Psychedelics Task Force Provision
LOS ANGELES-- The Minnesota legislature has passed a comprehensive health policy bill that includes provisions to establish a psychedelics task force in preparation for potential legalization. The bill, which had previously passed the House and ...
Clearmind Medicine Initiates Phase I/IIa Clinical Trial of CMND-100 for Alcohol Use Disorder at Yale School of Medicine
LOS ANGELES-- Clearmind Medicine Inc. has selected Yale School of Medicine as the first site in the United States for its Phase I/IIa clinical trial of CMND-100, a proprietary compound aimed at treating alcohol use ...
PharmaDrug Appoints David Posner as Advisor to Enhance Shareholder Value and Explores Strategic Options for Cepharanthine and DMT Programs
LOS ANGELES-- PharmaDrug Inc. has announced the appointment of David Posner to its Advisory Committee and as a consultant for strategic initiatives and corporate restructuring. Posner, known for his involvement in the cannabis, psychedelic, and ...
Legacy Cannabis Growers Raise Concerns as Eswatini Considers Legalization
JOHANNESBURG–In the Kingdom of Eswatini, the prospect of legalizing cannabis has sparked a contentious debate, with legacy cannabis growers expressing their objections to the potential changes. As the country considers embracing a regulated cannabis industry, ...
Study: Smoking Cannabis Doesn’t Carry Same Risks as Smoking Tobacco
LOS ANGELES-New research published in the journal Chronic Obstructive Pulmonary Diseases has revealed that cannabis use is not associated with a heightened risk of developing chronic obstructive pulmonary disease (COPD), even among individuals who possess ...
Acreage Holdings Reports Q1 2023 Financial Results with Declining Revenue and Net Loss
NEW YORK - Acreage Holdings, Inc, a multi-state cannabis operator, announced its financial results for the first quarter ended March 31, 2023. Despite challenges faced by the industry, the company reported a 1.6% decline in ...
American Medical Association Cannabis Study Finds Significant & Sustained Health Benefits
LOS ANGELES--A recent study published by the American Medical Association (AMA) has shed light on the positive effects of CBD and medical cannabis on various aspects of well-being. Conducted at a network of specialist medical ...
Financial Analysis Estimates North Carolina Could Generate $65 Million Annually from Proposed Medical Cannabis Market
LOS ANGELES-- A financial analysis conducted by HedgeRow Analysis reveals that if Senate Bill 3, also known as the North Carolina Compassionate Care Act, is approved, the state could generate nearly $65 million in annual ...
New Hampshire: Senate Republicans Once Again Reject House-Backed Legalization Bill
CONCORD, NH - In a recent decision, New Hampshire Senators thwarted a House-backed initiative that aimed to legalize the use and sale of cannabis for adults. With a vote of 14 to 10, the Senators ...
California Cannabis Tax Revenue Drops, Signaling Industry Challenges and Urgency for Tax Reduction
SAN JOSE, California–In a concerning trend for the cannabis industry in California, tax revenue generated from the sector has declined significantly in the first quarter of 2023, raising alarms about the industry's viability and the ...
SEC Halts $60 Million Alleged Ponzi-Like Scheme Linked to Non-Existent Cannabis Farm
LOS ANGELES--In a stunning revelation this week, the U.S. Securities and Exchange Commission (SEC) announced the shutdown of a long-running alleged Ponzi-like scheme in the cannabis industry, involving a company named WeedGenics and its owners. ...
Analysis: Canopy Growth Sets Sights on Expanding Canopy USA Amidst Canadian Market Concerns
NEW YORK- Canopy Growth Corporation ($CGC), a leading Canadian cannabis producer, has set its sights on the lucrative United States market. With the recent legalization and growing acceptance of cannabis across several states, the company's ...
