Legal Affairs
Auxly Reports Q4 and FY 2025 Financial Results
TORONTO – In the Canadian Cannabis industry that continues to reward discipline and brand strength, Auxly Cannabis Group Inc., known for its focus on consumer-packaged goods and leading brands, has posted solid results for the ...
Gilgamesh Pharma Raises $60M to Fund Its Remaining Neuropsychiatric Assets
NEW YORK – Gilgamesh Pharma, the clinical-stage neuroscience company formed last year after AbbVie acquired its predecessor’s lead psychedelic-derived program, announced it had completed an oversubscribed $60 million Series A financing. The round was led ...
The ROI Investors Are Ignoring Within the Cannabis Industry
LOS ANGELES- Industrial hemp has more ROI potential than the medicinal and intoxicating side for a simple reason: industrial hemp is a raw material that can be swapped into enormous existing markets, while medicinal products ...
Former Navy SEAL Teams Up with THC-Infused Beverage Company
NEW YORK – Robert J. O'Neill, the retired Navy SEAL widely recognized for his role in the 2011 Operation Neptune Spear, has entered a partnership with hi Seltzer, a brand offering hemp-derived, THC-infused beverages with ...
Cannabis Tax Deduction Ban Bill Gains 15th Sponsor in Congress
WASHINGTON – A federal proposal to preserve strict tax restrictions on Cannabis businesses has picked up additional support in Congress. The bill that would block state-legal Cannabis businesses from claiming standard federal tax deductions, regardless ...
Lüt Partners with Frankenmuth Credit Union to Process Cannabis Payments in Michigan
FRANKENMUTH – Lüt, a fintech company focused on closed-loop digital payments in Cannabis, has entered a partnership with Frankenmuth Credit Union to broaden access to compliant, cashless transaction options for licensed Cannabis operators in Michigan. ...
PGP Farmer Secures €3M for EU-GMP Medical Cannabis Hub in France
PARIS – French biotech company PGP Farmer announced the completion of a €3 million funding round from private investors. The capital obtained will help advance the company's plans to establish a large-scale, EU-GMP compliant production ...
Auxly Reports Q4 and FY 2025 Financial Results
TORONTO – In the Canadian Cannabis industry that continues to reward discipline and brand strength, Auxly Cannabis Group Inc., known for its focus on consumer-packaged goods and leading brands, has posted solid results for the ...
Gilgamesh Pharma Raises $60M to Fund Its Remaining Neuropsychiatric Assets
NEW YORK – Gilgamesh Pharma, the clinical-stage neuroscience company formed last year after AbbVie acquired its predecessor’s lead psychedelic-derived program, announced it had completed an oversubscribed $60 million Series A financing. The round was led ...
The ROI Investors Are Ignoring Within the Cannabis Industry
LOS ANGELES- Industrial hemp has more ROI potential than the medicinal and intoxicating side for a simple reason: industrial hemp is a raw material that can be swapped into enormous existing markets, while medicinal products ...
Europe Contemplates Multidisciplinary Advisory Body to Steer the Future of Psychedelic Therapy
LOS ANGELES-- In a proactive move to integrate psychedelic therapy into the European healthcare landscape, the European Psychedelic Access Research and European Alliance (PAREA) is advocating for the establishment of a multidisciplinary advisory body. This ...
Cresco Labs Partners with Spotify in a Campaign to Amplify Sunnyside Dispensaries’ Presence in Illinois
LOS ANGELES-- In a groundbreaking collaboration, Cresco Labs, a Chicago-based cannabis company, has embarked on a pioneering advertising campaign with Spotify, the popular music streaming platform boasting over 220 million subscribers. This partnership marks a ...
Maine Cannabis Regulators Propose User-Friendly Guidelines to Boost Industry Growth
LOS ANGELES-- In a bid to foster a more user-friendly environment for cannabis consumers and businesses alike, Maine regulators are contemplating a significant overhaul of the existing cannabis regulations, a move that could potentially reshape ...
Ohioans Show Strong Support for Adult-Use Cannabis Legalization Ahead of Upcoming Ballot Initiative
OHIO– A recent poll conducted by Fallon Research has revealed that a significant majority of Ohio residents are in favor of the forthcoming ballot initiative to legalize adult-use cannabis. The survey, which underscores the shifting ...
A Groundbreaking Confluence of Music and Cannabis in Illinois
LOS ANGELES– In a groundbreaking development for both the music and cannabis industries, the inaugural Miracle in Mundelein music festival is set to become Illinois' first state-approved cannabis consumption event. Scheduled for September 9-10, the ...
Colorado’s Path to Psychedelic Regulation: Community Listening Sessions Announced
LOS ANGELES-- In a proactive move to foster community engagement and inclusivity, the Colorado Natural Medicine Division has announced a series of "listening sessions" scheduled throughout September and October. These sessions are designed to involve ...
Cannabis Sector Faces Unsettled Future: Key Stock Indices Discontinued Amid Industry Turbulence
LOS ANGELES-- In a telling sign of the shifting tides in the cannabis sector, two prominent indices tracking the performance of cannabis businesses on North America's largest stock exchanges have been discontinued. This development comes ...
South Africa’s SAPS Issues New Directive; A Step Towards Clarifying the Legal Landscape of Personal Cannabis Use
LOS ANGELES-- In a significant move towards clarifying the legal landscape surrounding cannabis use in South Africa, the South African Police Services (SAPS) has recently issued a directive urging its officers to refrain from arresting ...
Alabama’s Medical Cannabis Rollout Faces Delays Amid Licensing Controversies
LOS ANGELES– The path to legal medical cannabis in Alabama, once paved with optimism, has been marred by legal controversies and procedural missteps, leaving patients and businesses in a state of limbo. Last week, officials ...
Week In Review: Curaleaf Uplists; Ohio Senate Passes Bill Expanding Voter-Approved Cannabis Initiative; New York Intensifies Efforts to Combat Illicit Cannabis Shops with Increased Inspections & Seizures; Democratic Governors Urge President Biden to Expedite Cannabis Rescheduling by DEA
LOS ANGELES–Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets: there’s innovation and progress in full swing in some parts of the country, while in other parts, ...
Week In Review: RIV Capital’s Ambitious Transition to Adult-Use Cannabis Sales in New York;. California and Michigan Boost Social Equity in Cannabis Industry with New Funding Initiatives
LOS ANGELES–Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets: there’s innovation and progress in full swing in some parts of the country, while in other parts, ...
Week In Review: New York and Missouri’s Contrasting Cannabis Market Progress in 2023; Clearmind Medicine Inc. Announces Reverse Share Split to Comply with Nasdaq; Cybin Inc. Secures $30 Million in Funding to Advance Psychedelic Treatment Research
LOS ANGELES–Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets: there’s innovation and progress in full swing in some parts of the country, while in other parts, ...
Week In Review: Georgia Expands Its Medical Cannabis Industry; Ohio Governor Seeks Amendments to Cannabis Legalization; Maryland Launches Social Equity-Focused Adult-Use Cannabis Licensing; Cybin Inc. Secures $30 Million in Funding
LOS ANGELES–Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets: there’s innovation and progress in full swing in some parts of the country, while in other parts, ...
Week In Review: Ohio Says Yes! To Adult Use; Cannabis Sugar Daddy BAT Doubles Down on Organigram; Could Florida Follow Ohio? Cybin’s Clinical Trial Indicates Promising Results
LOS ANGELES–Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets: there’s innovation and progress in full swing in some parts of the country, while in other parts, ...
Week In Review: Virginia Judge Upholds State Law on Hemp Products; Las Vegas to Welcome New Cannabis Consumption Lounges; Rhode Island Sets New Monthly Record with $7.11M in Adult-Use Cannabis Sales; Kanabo Partners with British Cannabis to Enhance Digital Health Services:
LOS ANGELES–Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets: there’s innovation and progress in full swing in some parts of the country, while in other parts, ...
Week In Review: Bipartisan Cannabis Reform Back in Congress; Oregon Cannabis Associations Merge; Cybin Inc. and Small Pharma Join Forces in a Milestone for Sector’s M&A
LOS ANGELES–Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets: there’s innovation and progress in full swing in some parts of the country, while in other parts, ...
Week In Review: Cresco Labs Finalizes Sale of Arizona Ops & Mortgages NY Properties; 4Front Ventures Secures $10 Million Credit Facility; Germany Contemplates Cannabis Legalization
LOS ANGELES–Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets: there’s innovation and progress in full swing in some parts of the country, while in other parts, ...
Week In Review: U.S. Senate Banking Committee Advances SAFER Banking Act; Arizona’s Cannabis Social Equity Licenses; MediPharm Settles $9 Million Dispute with HEXO Following Tilray’s Acquisition:
LOS ANGELES–Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets: there’s innovation and progress in full swing in some parts of the country, while in other parts, ...
Week In Review: New York Cannabis Licensing Resumes Amid Legal Controversies: Medical Cannabis Push Gains Momentum in Idaho: Cannabis Stocks Show Resurgence Amid Regulatory Optimism:
LOS ANGELES–Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets: there’s innovation and progress in full swing in some parts of the country, while in other parts, ...
Week In Review: Benzinga was Buzzing; Senate Banking Committee Advances Cannabis Banking; Detroit’s “Psychedelic Church” Raided by Police Amid Legal Controversies; Congress Considers Bill to Limit Federal Overreach in Psilocybin-Permitting States
LOS ANGELES–Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets: there’s innovation and progress in full swing in some parts of the country, while in other parts, ...
Week In Review: Curaleaf Employees in Phoenix Stage Strike Demanding Fair Contract Negotiations; Columbia Care Advances Financial Strategy with $25 Million Private Placement; California Moves to Broaden Cannabis Consumer Rights with New Bills: Senate Bill 58 Holds the Potential to Usher in a New Era of Psychedelic Medicine and Policy Reform:
LOS ANGELES–Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets: there’s innovation and progress in full swing in some parts of the country, while in other parts, ...
Week In Review: New York Opens Door for MSOs to Enter Adult-Use Market; Verano Challenges Alabama; Maine’s Recreational Cannabis Sector Flourishes
LOS ANGELES–Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets: there’s innovation and progress in full swing in some parts of the country, while in other parts, ...
Green Thumb Industries Initiates Stock Buy-Back Program to Bolster Share Value
LOS ANGELES-- In a bid to amplify the value of its shares, Chicago-based Green Thumb Industries Inc. has unveiled a year-long share repurchase initiative which will potentially see a reacquisition of up to 10.4 million ...
Ensuring Safety in the Cannabis Industry: The Alarming Disparity in Pesticide Residues Between Legal and Illicit Products in Canada
LOS ANGELES-- A recent study published in the Journal of Cannabis Research highlighted alarming levels of pesticides in illegal cannabis samples compared to legal ones in Canada. The researchers scrutinized 36 legal cannabis samples from ...
Illinois Sees Slight Dip in August Cannabis Sales but Maintains Yearly Growth
LOS ANGELES-- In the latest data released, the adult-use cannabis sales in Illinois for the month of August have experienced a minor contraction, falling sequentially to $139.2 million. This marks a slight decrease of 0.6% ...
