Legal Affairs
West Virginia and Mississippi Advance Ibogaine Research Bills
CHARLESTON–JACKSON – Lawmakers in West Virginia and Mississippi have advanced legislation to support research into ibogaine, a psychedelic compound derived from the iboga plant, with the goal of pursuing FDA approval for its use in ...
UCLA Partners with Terpene Belt Farms to Research Cannabis Flavors
LOS ANGELES – Terpene Belt Farms, a subsidiary of Nexus Agriscience, has been selected as the industry partner in a University of California-led research funded by a $1.23 million grant from the California Department of ...
Virgin Islands Sets Fall 2026 Target for Legal Cannabis Retail Launch
CHARLOTTE AMALIE – The U.S. Virgin Islands Office of Cannabis Regulation has accelerated its timeline for the start of licensed Cannabis sales, with executive director Joanne Moorhead stating that regulated retail operations are now expected ...
New York State OCM Updates Medical Cannabis Program, Expands Access for Out-of-State Patients
ALBANY – Governor Kathy Hochul signed a bill into law that extends New York's medical Cannabis program to patients certified in other states, marking the most substantial revision to the initiative since its 2016 launch. ...
New Brunswick Government Bets on Organigram with $2M Grant
MONCTON – Organigram Global Inc. has secured $2 million in provincial funding to support a $9.3 million project aimed at revamping its flagship cultivation site here. The upgrade, which targets lighting systems across 75 grow ...
Jazz Pharmaceuticals: The Medical Cannabis Insider Nearing $1B Milestone
DUBLIN – Jazz Pharmaceuticals reported a 20% jump in Q3 2025 sales for its cannabidiol-based epilepsy drug Epidiolex®, pushing the product's YTD revenue past $772 million and underscoring the company's steady position in the medical ...
Medicare Explores CBD Coverage for Seniors
WASHINGTON – The Centers for Medicare & Medicaid Services (CMS) is set to roll out a pilot program that could extend coverage to cannabidiol (CBD) treatments for certain older Americans, marking a cautious step by ...
West Virginia and Mississippi Advance Ibogaine Research Bills
CHARLESTON–JACKSON – Lawmakers in West Virginia and Mississippi have advanced legislation to support research into ibogaine, a psychedelic compound derived from the iboga plant, with the goal of pursuing FDA approval for its use in ...
UCLA Partners with Terpene Belt Farms to Research Cannabis Flavors
LOS ANGELES – Terpene Belt Farms, a subsidiary of Nexus Agriscience, has been selected as the industry partner in a University of California-led research funded by a $1.23 million grant from the California Department of ...
Virgin Islands Sets Fall 2026 Target for Legal Cannabis Retail Launch
CHARLOTTE AMALIE – The U.S. Virgin Islands Office of Cannabis Regulation has accelerated its timeline for the start of licensed Cannabis sales, with executive director Joanne Moorhead stating that regulated retail operations are now expected ...
California Proposal Seeks to Establish $5 Billion Psychedelics Research Agency
LOS ANGELES— A group of strategists from California has formally introduced a proposed initiative known as the "TREAT California Act." Unlike traditional efforts focused on advocating for direct legalization, this initiative aims to create a ...
House Approves Measures to Expand Medical Cannabis Access for Veterans and Fund Psychedelic Research
WASHINGTON, D.C. — In a significant move for veterans' healthcare and research into therapeutic substances, the U.S. House of Representatives has greenlit amendments to a substantial spending bill. The amendments would enable U.S. Department of ...
Tilray Surges 15% Amidst Q4 Results, But Skepticism Lingers for Investors
LOS ANGELES-Tilray Brands, the Canadian cannabis producer with hopes of entering the USA, experienced a momentary glimmer of hope as its shares surged 15% on Wednesday following the release of its fiscal fourth-quarter results. While ...
Mastercard Bars Cannabis Transactions on Debit Cards, Dealing a Blow to the Industry
NEW YORK-In a recent move, Mastercard (MA.N) has directed financial institutions to cease processing cannabis transactions on its debit cards, delivering a significant blow to an industry that has long struggled to gain a foothold ...
ACLU Backs Citizens’ Initiative for Recreational Cannabis in Florida, Challenges Supreme Court Review
LOS ANGELES-- The American Civil Liberties Union of Florida (ACLU) has thrown its support behind a citizens' initiative seeking to legalize recreational cannabis in the state. In a recent brief filed on Monday, the ACLU ...
Women’s Canna Awards Returns For Second Year
SACRAMENTO– The Women’s Canna Awards, produced by Debutante Honors, Inc, a 501(c)(6) professional association, the biggest and most sought-after award show dedicated to highlighting women in the cannabis industry, will be returning for its second ...
Falling Stock Prices Force Down Cannabis Industry CEO Pay in 2022
LOS ANGELES-The cannabis industry has been a rollercoaster ride for investors and executives alike, with fluctuating stock prices and evolving regulations shaping the landscape. One significant consequence of the industry's ups and downs has been ...
InMed Pharmaceuticals Evaluates Options for Promising INM-755 Compound After Successful Clinical Trial
LOS ANGELES-- Following the encouraging results of its Phase II clinical trial for INM-755, an anti-itch cannabinoid-based cream for skin disorders, InMed Pharmaceuticals (NASDAQ: INM) is now weighing its next steps to maximize value for ...
Ohio’s Adult-Use Cannabis Legalization Bid Requires More Signatures
LOS ANGELES-- Ohio voters could potentially see the issue of adult-use cannabis legalization on the November ballot, but campaign organizers are facing a final hurdle before achieving that goal. The "Regulate Cannabis Like Alcohol" campaign, ...
Hemp Companies in Maryland Challenge State Officials, Citing Regulatory Plan Threatening Business Survival
LOS ANGELES-- A group of hemp companies in Maryland has taken legal action against Governor Wes Moore and several state officials, contending that the regulatory framework approved for the recreational cannabis industry poses a serious ...
Arkansas Bans THC Products Derived from Hemp Ahead of Projected $300 Million Medical Cannabis Sales
LOS ANGELES-- Effective August 1, a new law in Arkansas will prohibit the sale of THC products derived from hemp, as reported by 40/29 News. This measure comes amid the state's projected record-breaking medical cannabis ...
Legisladores Colombianos Reintroducen Proyecto de Ley para la Legalización del Cannabis en Todo el País
BOGOTA-- Los legisladores colombianos han dado un nuevo paso hacia la legalización del cannabis en todo el país al reintroducir un proyecto de ley durante la próxima sesión legislativa. Este esfuerzo renovado llega apenas un ...
Colombian Lawmakers Reintroduce Bill to Legalize Cannabis Nationwide
BOGOTA-- Colombian lawmakers have taken another step toward nationwide cannabis legalization by reintroducing a bill during the upcoming legislative session. This renewed effort comes just a month after the previous version stalled in the Senate, ...
Florida Grants Medical Cannabis Licenses to Black Farmers Under New Law
LOS ANGELES-- In a groundbreaking development, two Black farmers in Florida have been granted medical marijuana business licenses as per the legislation signed into law by Governor Ron DeSantis last month. The legalization law, which ...
Albanian Parliament Greenlights Legislation for Medical and Industrial Cannabis Industry
LOS ANGELES-- In a significant move, the Albanian parliament has taken steps to establish a legal and regulatory framework for the burgeoning medical and industrial cannabis sector. With resounding support, lawmakers voted in favor of ...
Cannabis Legalization: The Impact on Canine Cannabis Sniffers & Ensuring Their Retirement
NEW YORK-The legalization of cannabis in various states across the USA has brought about significant changes in multiple industries, including law enforcement. One area that has been significantly affected is the use of canine cannabis ...
Numinus Wellness Aims for Post-Therapy Approval Success Amid Psychedelic Sector Challenges
LOS ANGELES-- Despite a significant decline in its stock value since its peak in 2021, Numinus Wellness Inc. remains determined to navigate the challenges in the psychedelic space. The company's management is strategically optimizing operations, ...
Canadian Cannabis Retail Sales Show Modest Growth in May
TORONTO-- Statistics Canada has recently released the May retail sales figures for cannabis in the country, revealing a moderate increase from April levels. According to the report, cannabis sales rose by 1.2%, reaching C$415.6 million. ...
First Citizens Bank Provides $1 Million Credit to The Georgia Hemp Company for Promotional Initiative
LOS ANGELES--First Citizens Bank, through its Hemp Business division, has announced its provision of a $1 million working capital line of credit to RYJO, the parent entity of The Georgia Hemp Company. The financial support ...
Retailers Outperform Cultivators in Most States as Federal Reform News Drives Cannabis Market
LOS ANGELES-- A recent report by cannabis research firm Zuanic & Associates sheds light on the performance of the cannabis industry during the second quarter. According to the report, market conditions in most states have ...
Missouri Medical Cannabis Company’s Appeal Against Product Recall Denied
LOS ANGELES — In a significant development, a Cole County Circuit judge dismissed the case of a Missouri-based medical cannabis company that sought to halt a product recall, as reported by KMIZ. The judge's decision ...
Week In Review: Major Shift in U.S. Cannabis Policy on the Horizon;Florida Governor Ron DeSantis Shares Views on Cannabis Legalization Amid Presidential Aspirations.;Michigan’s Cannabis Industry Sees Robust Growth, Generating Billions in Sales
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: Alabama Gets Litigious; Planet 13 Orbits Florida; Ohio Just Says No, While Illinois Governor Does Victory Laps
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: TILT Holdings Delists Social Equity Brands; Compass Pathways Scores $285M; Florida Revisits Hemp THC Levels
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, ...
Neptune Wellness Solutions Faces Nasdaq Compliance Challenge
LOS ANGELES-- Neptune Wellness Solutions Inc, a prominent player in the consumer-packaged goods and cannabis industry, has disclosed that it received a notification from the Nasdaq Stock Market LLC ("Nasdaq") regarding its stockholders' equity standing. ...
