Legal Affairs
Verano Secures $75M Credit Agreement
CHICAGO – Verano Holdings Corp. has finalized a $75 million revolving credit facility, drawing $50 million immediately to pay down higher-cost debt and leaving $25 million on tap for future needs. The deal, arranged by ...
EU Releases Cannapol Toolkit to Aid Member States in Crafting Adult-Use Cannabis Rules
BRUSSELS – The European Union Drugs Agency (EUDA) unveiled the Cannapol toolkit, a set of resources intended to help national governments build regulated markets for recreational Cannabis. Developed over months of consultation with experts and ...
Trump’s CBD Endorsement for Medicare Sparks Rally in Cannabis Equities
LOS ANGELES – Shares in Cannabis companies climbed more than 20% on Monday, propelled by President Donald Trump's weekend social media post backing the inclusion of cannabidiol in Medicare coverage for older Americans. The AdvisorShares ...
Case Study: Grupo Flor: A Cannabis Turnaround Driven by Strategic Focus
SALINAS- When Mark Collins joined Grupo Flor as Chief Financial Officer, the California-based vertically integrated Cannabis company was in severe financial and operational distress. The business held multiple licenses across retail, cultivation, manufacturing, and distribution—far ...
Cannabis Stocks Rally as U.S. Rescheduling Debate Heats Up
LOS ANGELES — For the first time in more than a year, cannabis stocks are enjoying a sustained rally. Exchange-traded funds focused on the sector have climbed sharply in recent weeks, and several of the ...
Did Psilocybin Arrive From Outer Space? New Genomic Study Opens the Door to a Cosmic Possibility
LOS ANGELES — The psychedelic compound psilocybin has long intrigued researchers for its potential to treat mental health conditions, but a groundbreaking study is now shedding new light on where these mushrooms came from—and it’s ...
Will Hope Fuel Cannabis Industry Growth Beyond Q2 2025?
LOS ANGELES – If you’ve been scrolling through the latest updates on the Highly Capitalized Network’s website or LinkedIn, you’ve likely caught the wave of Q2 2025 earnings reports sparking cautious optimism across the Cannabis ...
Verano Secures $75M Credit Agreement
CHICAGO – Verano Holdings Corp. has finalized a $75 million revolving credit facility, drawing $50 million immediately to pay down higher-cost debt and leaving $25 million on tap for future needs. The deal, arranged by ...
EU Releases Cannapol Toolkit to Aid Member States in Crafting Adult-Use Cannabis Rules
BRUSSELS – The European Union Drugs Agency (EUDA) unveiled the Cannapol toolkit, a set of resources intended to help national governments build regulated markets for recreational Cannabis. Developed over months of consultation with experts and ...
Trump’s CBD Endorsement for Medicare Sparks Rally in Cannabis Equities
LOS ANGELES – Shares in Cannabis companies climbed more than 20% on Monday, propelled by President Donald Trump's weekend social media post backing the inclusion of cannabidiol in Medicare coverage for older Americans. The AdvisorShares ...
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 ...
Legal Cannabis Consumption at Detroit’s 420 Music Festival Marks a Milestone For The City’s Growing Cannabis Industry
DETROIT-- The city of Detroit is set to host its first-ever cannabis festival, a music event that will allow visitors to consume marijuana legally. The 420 Cannabis Music Festival, organized by D & G Venture, ...
MJ Unpacked Takes Proactive Approach to Addressing Social Equity and Inclusion in Cannabis Industry
NEW YORK--As MJ Unpacked, the premier event for the cannabis industry, gears up to take the stage in New York City from April 26-28, the East Coast cannabis market is poised for massive growth. However, ...
ACT and SC Labs Introduce “Trust in Testing” Certification for Safer Cannabis Products
LOS ANGELES-- ACT Laboratories and SC Labs, two of the largest cannabis testing labs in the United States, have joined forces to introduce the Trust In Testing Certification. This initiative establishes a national set of ...
Cornbread Hemp Closes Successful Seed Round
LOS ANGELES-- Cornbread Hemp, a top-selling CBD brand in the US, announced the successful closing of their seed round of fundraising and the acquisition of their processing and manufacturing partner. This move marks a significant ...
Cannabis Prices in Massachusetts Hit Five-Year Low
MASSACHUSETTS-- The cannabis industry in Massachusetts is facing tough times as prices for both wholesale and retail cannabis have plummeted to their lowest levels in five years. This trend is hitting businesses hard, with several ...
Las Vegas Developer Launches New Cannabis Lounge in New York
NEW YORK–In the affluent SoHo neighborhood of Manhattan, a new cannabis museum called House of Cannabis (aka THC NYC) is set to open on April 7. The museum is the brainchild of Robert Frey, the ...
NBA Will Allow Players To Use Cannabis
LOS ANGELES--The National Basketball Association (NBA) and the National Basketball Players Association (NBPA) have reached a deal to no longer randomly test players for cannabis, as reported by The Athletic. The agreement is part of ...
MediPharm Labs Acquires VIVO Cannabis in All-Equity Deal, Creating Global Medical Cannabis Leader
LOS ANGELES--MediPharm Labs and VIVO Cannabis Inc have announced the completion of a plan of arrangement that will result in MediPharm acquiring all the issued and outstanding common shares of VIVO. This all-equity business combination ...
Kentucky Gov. Beshear Signs Bill Allowing Medical Cannabis Sales By Private Industry in 2025
KENTUCKY-- Kentucky Governor Andy Beshear signed Senate Bill 47 into law on Friday, allowing private industry to sell cannabis beginning in 2025. This move puts Kentucky on the map in the modern cannabis industry, and ...
