Legal Affairs
Verano Holdings Corp Reports Q2 2025 Financial Results
CHICAGO – Verano Holdings Corp., a multi-state Cannabis operator, released its financial results for the second quarter of 2025, reflecting a period of operational streamlining amid market challenges. The consolidated financial statements, prepared under U.S. ...
Curaleaf Reports Q2 2025 Financial Results
STAMFORD – Curaleaf Holdings, Inc., a major player in the global Cannabis market, released its financial and operational results for the second quarter of 2025, ending June 30, showcasing a blend of domestic resilience and ...
GTI Reports Q2 2025 Financial and Operational Results
CHICAGO & VANCOUVER – Green Thumb Industries Inc., a major player in the U.S. Cannabis market, national Cannabis consumer packaged goods (CPG) company, and operator of RISE Dispensaries, reported its financial and operational results for ...
Colorado Governor Jared Polis Issues Pardons for Psilocybin and Psilocin Convictions
LOS ANGELES-- the Psychedelic Science 2025 conference in Denver, Governor Jared Polis signed an executive order granting full, unconditional pardons to individuals convicted under state law for possession of psilocybin and psilocin—substances that became legal for ...
Compass Pathways’ Psilocybin-Based Therapy Reaches Key Milestone in Depression Trial
LOS ANGELES- Compass Pathways has announced that its lead candidate, COMP360, achieved the primary endpoint in a Phase 3 clinical trial evaluating its efficacy in treatment-resistant depression (TRD). In the COMP005 study, involving 258 participants ...
Analysis: What’s Next for Texas THC Policy After Gov. Abbott’s Veto?
DALLAS - In a move that stunned the Texas political establishment and delighted the state’s burgeoning hemp industry, Governor Greg Abbott last weekend vetoed Senate Bill 3 (SB 3), a measure that would have banned ...
Maryland Governor Expands Cannabis Pardons
LOS ANGELES- Maryland Governor Wes Moore has announced an additional round of approximately 6,938 pardons for individuals previously convicted of simple cannabis possession, following a 2024 executive order that granted clemency to over 175,000 convictions ...
Verano Holdings Corp Reports Q2 2025 Financial Results
CHICAGO – Verano Holdings Corp., a multi-state Cannabis operator, released its financial results for the second quarter of 2025, reflecting a period of operational streamlining amid market challenges. The consolidated financial statements, prepared under U.S. ...
Curaleaf Reports Q2 2025 Financial Results
STAMFORD – Curaleaf Holdings, Inc., a major player in the global Cannabis market, released its financial and operational results for the second quarter of 2025, ending June 30, showcasing a blend of domestic resilience and ...
GTI Reports Q2 2025 Financial and Operational Results
CHICAGO & VANCOUVER – Green Thumb Industries Inc., a major player in the U.S. Cannabis market, national Cannabis consumer packaged goods (CPG) company, and operator of RISE Dispensaries, reported its financial and operational results for ...
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 ...
Michigan’s Legal Cannabis Retail Market Breaks Records in March 2023, Despite Low Prices
MICHIGAN-- Michigan's legal cannabis retail market is seeing explosive growth as it enters its fourth year of adult-use sales, with licensed dispensaries recording a record-breaking haul of $249.7 million in March. This figure marks a ...
Aurora Cannabis and MedReleaf Australia Launch New THC Cannabis Product Line for Medical Patients
LOS ANGELES-- Canadian company Aurora Cannabis Inc., known for its efforts to open up the world to cannabis, has announced the launch of IndiMed Tempo 26 in partnership with MedReleaf Australia. The new range of ...
Germany Legalizes Adult-Use Cannabis via Cannabis Clubs & Home Grow Cultivation
BERLIN--In a significant move towards drug policy reform, the German parliament today embraced the second and final readings of the CanG bill, marking a pivotal moment in the nation's approach to cannabis regulation. After an ...
Germany Legalizes Adult-Use Cannabis via Cannabis Clubs & Home Grow Cultivation
BERLIN--The German government's plan to legalize cannabis has been scaled back, with home cultivation and cannabis social clubs becoming the primary means of supply for German cannabis users. The revised plan, presented by German health ...
BellRock Brands Secures $861,757 Promissory Note With High Street Capital Partners To Reorganize Debt, Announces General Counsel’s Exit
LOS ANGELES-- BellRock Brands Inc., a leading player in the cannabis consumer packaged goods and intellectual property platform, has announced its entry into a secured promissory note and security agreement with High Street Capital Partners, ...
New Nonprofit Organization Aims to Enhance Standards for Cannabis Education and Employment
LOS ANGELES-- A group of cannabis institutions, programs, and educators have teamed up to establish The National Association for Marijuana and Cannabis Educators (NAMCE). The nonprofit organization's primary goal is to strengthen the quality and ...
Portland Named America’s Most Weed-Friendly City According to New Survey
LOS ANGELES-- Portland, Oregon has been named America's most weed-friendly city, according to a new survey by online publications Real Estate Witch and Leafly. The report analyzed various factors, such as the legality of weed, ...
Maryland Lawmakers Pass Bill to Launch Recreational Cannabis Market with Existing Medical Operators Getting First Access
MARYLAND-- Maryland lawmakers have passed a bill that will legalize recreational cannabis sales starting on July 1, 2023. The new law will allow the state's existing 102 medical cannabis operators to have first access to ...
Vangst Jobs Report Shows a Surprising Drop in Employment for US Cannabis Industry
LOS ANGELES-- The legal cannabis industry in the United States generated over $26 billion in sales last year, according to the 2023 Vangst Jobs Report. The report, released by Vangst, a leading cannabis industry jobs ...
Curaleaf Expands Retail Footprint in Utah with Acquisition of Deseret Wellness
LOS ANGELES--Curaleaf, a leading global provider of cannabis products for consumers, has announced the successful acquisition of Deseret Wellness - the largest cannabis retail operator in Utah. This acquisition has expanded Curaleaf's retail footprint to ...
Tilray to Acquire Hexo Corp. for $56 Million
TORONTO- On April 10, 2023, Tilray Brands announced its merger with Hexo Corp, in a deal that would create one of the largest cannabis companies in the world. While the deal may seem like a ...
Former Michigan House Speaker and Three Others Charged with Corruption in Connection to State’s Legal Cannabis Industry
LOS ANGELES-- Former Michigan House Speaker Rick Johnson and three others have been charged with federal corruption charges related to the state's legal cannabis industry. The charges are likely to signal just the beginning of ...
Missouri’s Booming Recreational Cannabis Market Attracts Out-of-State Buyers, Hurts Illinois Sales
LOS ANGELES-- In March, out-of-state sales for cannabis in Illinois dropped by almost 17%, signaling that neighboring Missouri's thriving recreational market is still pulling customers away. This news comes just two months after Missouri allowed ...
Medical Cannabis Lawsuit Alleges THC Potency Fraud by Arkansas Cannabis Companies
ARKANSAS-- A new lawsuit has been filed in Arkansas, alleging that licensed cannabis companies have conspired to deceive patients by falsifying THC testing results. The suit, filed by MMJ patient Jakie Hanan in federal court, ...
California’s Government is Destroying California’s Cannabis Industry
SACRAMENTO-- California, often considered a pioneer in the legalization of cannabis, has faced numerous challenges in regulating the industry. One of the most pressing issues is the overtaxation of legal cannabis farms, which has led ...
Pervasip Corp Acquires Slurped & Starts Nano Emulsified Products’ Division
LOS ANGELES-- Pervasip Corp, a developer of companies and technologies in high value emerging markets, has announced the acquisition of Slurped, a nano tincture brand, and the establishment of Artizen Nano, a division focused on ...
New Mexico’s Adult-Use Cannabis Market Surpasses $300 Million in Sales for First Year of Operations
LOS ANGELES-- New Mexico's adult-use cannabis market has hit an impressive milestone by generating over $300 million in sales within its first year of operations, starting from April 1, 2022. Governor Lujan Grisham's office announced ...
Cannabis Advocates Hold Policy Forum in Capitol Hill to Discuss Critical Challenges and Opportunities
LOS ANGELES-- On April 20, a group of cannabis advocates will gather at the Capitol Visitors Center of the Congressional Auditorium for a policy forum. The event, which is symbolically scheduled on the unofficial cannabis ...
Nevada’s Cannabis Growers Struggle with Overtaxation Amid Falling Prices and Stale Data
NEVADA-- Nevada’s legal cannabis industry, which was expected to bring endless profit to licensees, is facing challenges that could lead to its decline. Nevada’s cannabis growers are complaining of overtaxation due to the state’s formula ...
