Legal Affairs
NY Cannabis Board Hits Equity Target With 57% of Licenses to Social Equity Holders
NEW YORK – New York regulators reported that social and economic equity applicants now control 57% of the state's adult-use Cannabis licenses, a figure that clears the program's initial benchmark and signals steady advancement in ...
Australia’s Medicinal Cannabis Imports Hit Record Highs
SYDNEY – Figures released this week by Australia's Office of Drug Control paint a picture of robust expansion in the country's regulated Cannabis sector, with imports leading the charge alongside steady advances in domestic output ...
California Reinstates 15% Cannabis Excise Tax Through 2028
LOS ANGELES – A measure signed by Governor Gavin Newsom last month took effect on Wednesday, dialing back California's Cannabis excise tax to 15% and holding it steady at that level until at least the ...
Cannabis Stocks Show Sensitivity to Q2 2025 Earnings Despite Market Volatility
LOS ANGELES – In the Cannabis industry, where trading often revolves around speculation and regulatory rumors, a recent analysis suggests that core financial performance still influences investor behavior. According to a recent report from Viridian ...
NYC Near-School Cannabis Dispensaries Avoid Shutdown or Relocation
NEW YORK – A significant number of New York’s licensed Cannabis dispensaries, previously at risk of closure for being too close to schools, have received a lifeline from state regulators. The Office of Cannabis Management ...
Aurora Launches Whistler Brand in Australia
EDMONTON – Aurora Cannabis Inc. announced the introduction of its Whistler Cannabis Co. brand to the Australian market, marking a significant step in its international expansion strategy. The launch brings two high-potency cultivars, Ginger Breath ...
BREAKING: Trump Signals Possible Cannabis Reclassification Within Weeks
LOS ANGELES- President Donald Trump said Monday that his administration is actively considering shifting Cannabis to a lower-risk category under federal law — a move that could have sweeping implications for the industry. Speaking at ...
NY Cannabis Board Hits Equity Target With 57% of Licenses to Social Equity Holders
NEW YORK – New York regulators reported that social and economic equity applicants now control 57% of the state's adult-use Cannabis licenses, a figure that clears the program's initial benchmark and signals steady advancement in ...
Australia’s Medicinal Cannabis Imports Hit Record Highs
SYDNEY – Figures released this week by Australia's Office of Drug Control paint a picture of robust expansion in the country's regulated Cannabis sector, with imports leading the charge alongside steady advances in domestic output ...
California Reinstates 15% Cannabis Excise Tax Through 2028
LOS ANGELES – A measure signed by Governor Gavin Newsom last month took effect on Wednesday, dialing back California's Cannabis excise tax to 15% and holding it steady at that level until at least the ...
Willow Industries Launches Willow Scientific, a New Microbial Consulting Service Suite for the Cannabis Industry
LOS ANGELES-- Willow Industries, a company specializing in cannabis kill-step and decontamination technology, has announced the launch of Willow Scientific, a new tiered suite of microbial consulting services designed to address and solve contamination at ...
Glass House Brands Announces First Quarter 2023 Financial Results Release and Investor Conference Details
LOS ANGELES-- Glass House Brands Inc a vertically-integrated cannabis company in the United States, announced on Monday that it will release its financial results for the first quarter ended March 31, 2023, on Monday, May ...
Multi-State Cannabis Operator Ascend Wellness Holdings Expands to Maryland with Acquisition of Four Dispensaries
LOS ANGELES-- Oregon Secretary of State Shemia Fagan announced on Monday that she has terminated her consulting deal with a cannabis company, Veriede Holdings LLC, after the arrangement was discovered during an audit of the ...
New Research: Terpenes in Cannabis Modulate Interaction Between THC and Its Endogenous Receptor
TEL AVIV, Israel --A new study published in the journal Biochemical Pharmacology has found that terpenes found in the cannabis plant may play a more important role than THC in enhancing the plant's effects. The ...
Colorado Senate Passes Bill to Regulate Psychedelic Substances for Therapeutic Use
LOS ANGELES-- The Colorado Senate has approved a bill aimed at regulating psychedelic substances, following a voter-endorsed initiative. The proposed legislation would establish guidelines for the legal use of psilocybin and psilocyn in authorized therapeutic ...
Aurora Cannabis Expands German Portfolio with Launch of Two New Medical Cannabis Products
LOS ANGELES Aurora Cannabis Inc., a leading manufacturer and supplier of medical cannabis worldwide, announced today the launch of two new high tetrahydrocannabinol (THC) cannabis flower products for medical patients in Germany. The products, Pedanios ...
A Brief History of The Word Cannabis
LOS ANGELES - Cannabis has been a topic of discussion for centuries, with the plant being used for medicinal, recreational, and spiritual purposes around the world. But where did the word "cannabis" come from, and ...
Minnesota Becomes 23rd State to Legalize Adult-Use Cannabis
MINNEAPOLIS — Minnesota is set to become the 23rd state to legalize adult-use cannabis after the state legislature passed a bill on Thursday, which is now awaiting Governor Tim Walz's signature. The move comes after ...
Simple Solvents and Florida Chemical Supply Announce Partnership
LOS ANGELES-- Simple Solvents and Florida Chemical Supply have announced a strategic partnership that will revolutionize the supply chain for the cannabis and hemp markets in Florida. Simple Solvents, a leading supplier of high-quality solvents, ...
Chill Medicated Makes History as First Cannabis Brand to Sponsor a National Sports Tournament
LOS ANGELES-- Chill Medicated, a cannabis brand with a mission to destigmatize the plant and promote its potential for athlete wellness and recovery, has announced its sponsorship of the Women's Collegiate Lacrosse Organization (WCLO) championship ...
NAR Study Reveals Drop in Commercial Property Purchases by Cannabis Businesses, Rise in Leasing Activity
A new study conducted by the National Association of Realtors (NAR) has indicated a significant decrease in commercial property purchases by cannabis industry-related businesses. The report, titled "2023 Cannabis and Real Estate: A Budding Issue," ...
Glass House Brands to Hold 2nd Annual Investor Sesh at Camarillo SoCal Facility, the Largest Cannabis Farm in the US
LOS ANGELES-- Glass House Brands, a leading cannabis company, has announced its plans to hold its 2nd Annual Investor Sesh at the Camarillo SoCal facility on June 23, 2023. The event will include the company's ...
PBC 2023 Conference to Feature Keynote Panel of State Cannabis Regulators: A Forum for Industry and Government Collaboration
LOS ANGELES-- PBC 2023, the annual conference that brings together government and industry leaders, is set to feature a keynote panel discussion among cannabis regulators from some of the largest state-legal cannabis markets. The two-day ...
Global Cannabis Brand Cookies Accused of Using Threats, Violence, and Kickbacks to Enrich Leaders
LOS ANGELES-- Two investors of California-based cannabis brand Cookies have filed a lawsuit alleging that its leaders have been engaging in threats, violence, and financial kickbacks to enrich themselves at the expense of the company's ...
Exploring the Growth and Challenges of Aurora Cannabis Inc: A Comprehensive Analysis
LOS ANGELES-- Aurora Cannabis Inc, the Canadian company that is paving the way for the cannabis industry, has announced the launch of a new program that aims to support and empower cannabis patients in their ...
Missouri’s Recreational Cannabis Industry: Rapid Growth and Potential Challenges
LOS ANGELES-- Missouri’s decision to legalize recreational cannabis last year has led to an impressive surge in job growth in the industry, with the number of active licenses rising from 9,800 in October to over ...
Glass House Brands Inc Completes Acquisition of Natural Healing Center Dispensary in Turlock, California
LOS ANGELES-- Glass House Brands Inc, a fast-growing cannabis company in the US, has officially closed the acquisition of the Natural Healing Center (NHC) dispensary in Turlock, California. With all local regulatory requirements fulfilled, Glass ...
Record-Breaking 4/20 Sales Show Maturation and Sustainability Of The Cannabis Industry
LOS ANGELES-- April 20th, also known as 4/20, has come and gone, and it looks like it was a record-breaking year for the cannabis industry. According to industry data, this year's 4/20 was the busiest ...
New York Will Eventually Overcome Teething Pains of New Industry
NEW YORK–As New York State finally legalized recreational cannabis use earlier this year, many hoped it would be a turning point for the industry. But so far, the implementation of the new law has been ...
SC Labs Expands Cannabis and Hemp Testing Services with C4 Laboratories Acquisition
LOS ANGELES-- SC Labs, a leading cannabis and hemp testing company in the U.S., announced today its acquisition of C4 Laboratories, a Scottsdale-based lab offering advanced testing capabilities to ensure quality and accuracy. With the ...
Aurora Cannabis Inc. Repurchases $22.3 Million in Convertible Senior Notes, Saving $2.6 Million in Annual Interest Payments
LOS ANGELES-- Canadian cannabis company Aurora Cannabis Inc. has announced that it has repurchased approximately $22.3 million (US$16.6 million) principal amount of its convertible senior notes ("Notes") in multiple transactions since the start of April ...
Delaware Becomes 22nd State to Legalize Cannabis
DOVER, DELAWARE - In a historic move, Delaware has become the 22nd state to legalize recreational use of cannabis, joining a growing number of states that have taken steps to decriminalize and regulate the drug. ...
High Tide and [Re] Waste Team Up to Celebrate Earth Day: A Revolutionary Initiative for Sustainable Cannabis Packaging
LOS ANGELES-- High Tide Inc. is making waves in the cannabis industry by leading the charge for environmentally responsible packaging solutions. In honor of Earth Day, the company is proudly partnering with [Re] Waste, an ...
Oregon Health Authority Licenses State’s First Three Facilitators for Psilocybin Services
OREGON-- Oregon has become the first state in the US to implement a regulatory framework for the production of psilocybin products and the provision of psilocybin services. The state's regulatory framework was created by M109, ...
Alabama Set to Launch Medical Cannabis Industry, 17 Companies Expected to Receive Licenses
ALABAMA -- Alabama is gearing up to launch its medical cannabis industry later this year, with up to 17 companies expected to be granted licenses to cultivate and process cannabis for patients in the state. ...
