Legal Affairs
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 ...
St. Louis Dispensary Chain Faces Lawsuit Over Unpaid Cannabis Product Invoices
LOS ANGELES- Curio Manufacturing, a cannabis supplier, has filed a lawsuit against Heya Missouri Holdings, alleging nonpayment for cannabis products valued at $61,126. The lawsuit claims that Curio shipped these products to Heya's three dispensary ...
California’s Cannabis Excise Tax Increase Sparks Industry Concerns
LOS ANGELES- Effective July 1, 2025, California's cannabis excise tax will rise from 15% to 19%, as mandated by Assembly Bill 195 signed in 2022. This adjustment, announced by the California Department of Tax and ...
Calgary Authorizes Cannabis Sales at Adults-Only Events
LOS ANGELES- Calgary City Council has approved amendments to the Business Licence Bylaw, permitting licensed cannabis retailers to operate temporary sales at adults-only events, such as festivals and outdoor shows. This decision aligns the city's ...
Christina Lake Cannabis Closes First Tranche of Non-Brokered Private Placement
LOS ANGELES- Christina Lake Cannabis Corp. has completed the first tranche of its non-brokered private placement, issuing 22,778,211 units at a price of CAD $0.05 per unit, totaling approximately CAD $1.14 million. Each unit comprises ...
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 ...
Akerna Corp. Announces Intent to Effect Reverse Stock Split
DENVER - Akerna (Nasdaq: KERN), an enterprise software company and developer of the most comprehensive technology infrastructure, ecosystem, and compliance engine powering the global cannabis industry, today announced that it will effect a 20-for-1 reverse ...
Tilray Brands Acquires Montauk Brewing Company
NEW YORK–Tilray Brands, Inc. (NASDAQ | TSX: TLRY), today announced the acquisition of Montauk Brewing Company. Montauk Brewing is well-known for its beloved product portfolio, premium price point, and distribution across over 6,400 points of ...
Powering Possibilities With Sean ‘Diddy’ Combs
CALGARY, AB, Nov. 2022. Sean "Diddy" Combs announced today that he has agreed to purchase the planned divestiture of assets in New York, Illinois, and Massachusetts from Cresco Labs Inc. and Columbia Care Inc. This ...
Dutchie Founders Ross & Zach Lipson Leave Dutchie
BEND, Oregon–According to a press release, Ross and Zach Lipson, who co-founded the privately held Oregon company, have resigned from their positions of leadership, and the board of directors has selected a new chief executive ...
Medical Cannabis Market Size to Hit USD 33,210.21 Million by 2027 at 18.14% CAGR
New York - Medical Cannabis Market Trends and Insights By Product Type (Solid, Dissolvable/Powders, Oil & Ointment, Creams), Derivative (Cannabidiol, Tetrahydrocannabinol), Route of Administration (Inhalation, Oral, Topical), Application (Pain Management, Neurological Health Management, Mental Health ...
Innovation and technology, pillars of success for PuraVerde Cannabis
What are some of the factors that can help predict if a cannabis company will be successful long term? This is a very hard question to answer nowadays, considering that the US is heading to ...
Akerna Flash Report: Halloween Weekend Cannabis Sales Total $249.6 Million
DENVER - Akerna (Nasdaq: KERN), an enterprise software company and the developer of one of the comprehensive technology infrastructures, ecosystems, and compliance engines powering the global cannabis industry, announced that US cannabis shoppers spent a ...
NIHC Urges FDA To Approve Hemp Seed for Animal Feed
WASHINGTON, Nov, 2022 The National Industrial Hemp Council of America (NIHC) President and CEO Patrick Atagi sent a letter today to U.S. Food and Drug Administration Commissioner Robert Califf urging approval of hemp seed as an animal feed ingredient. The letter ...
Industry Disruption One Lipid At A Time? Meet Impact Naturals
It doesn't come very often the opportunity to completely revolutionize and disrupt not one, not two, but at least three industries at the same time, with a simple yet efficacious technology developed by an A ...
Global Cannabis Market Size Expected To Reach $489 Billion By 2027 At A CAGR Of 24.6%
PALM BEACH, Fla. - The legal cannabis business is expected to generate billions of dollars as Investor confidence has grown as more countries legalize cannabis and use rises. According to Emergen Research, a recent study, ...
Seizures of Contraband and Unauthorized Items at the Regional Reception Centre
SAINTE-ANNE-DES-PLAINES, QC - Between October 28 and 30, 2022, as a result of the vigilance of staff members, contraband and unauthorized items were seized at the Regional Reception Centre, a multi-level security federal institution. The ...
Charlotte’s Web Enters Strategic Alliance with Tilray for Manufacturing and Distribution in Canada
DENVER and LEAMINGTON - (TSX: CWEB) (OTCQX: CWBHF) Charlotte's Web Holdings, Inc., the market leader in cannabidiol hemp extract wellness products, and Tilray Brands, Inc. (Nasdaq: TLRY) (TSX: TLRY), Canadian cannabis consumer packaged goods company, ...
PuraVerde: Maximizing efficiency in Cannabis
For anyone in cannabis, it is very well known that this is one of the most volatile, rapidly evolving industries in America, particularly for investors and operators. The regulatory landscape and the fact that ...
SAFE Banking Act Could Transform the Cannabis Industry as Demand Continues to Climb
PALM BEACH, Fla. - FinancialNewsMedia.com News Commentary - The remaining months of the lame-duck Congress could be shaping up to be the most wonderful time of the year for the U.S. marijuana industry, although insiders ...
Wonderland: Psychedelic conferences. Presented by Microdose
The psychedelic industry is heating up. Studies on the efficacy of compounds like psilocybin, DMT, and ketamine on a variety of illnesses and chronic mental health conditions continue to ramp up. Start-ups and established biomedical ...
Gage Cannabis Announces Fourth Social Equity Grant Recipient
DETROIT - Gage Cannabis, a subsidiary of TerrAscend Corp. and a high-quality cannabis brand and operator in Michigan, today announced its fourth social equity grant recipient, Midwest CannaNurses. MCN is a Detroit-based minority-owned holistic health ...
Can we use CBD to treat ASD symptoms?
It is known that Cannabidiol (CBD) and THC/CBD formulations are now being studied and used to better manage Autism symptoms. Autism, or Autism Spectrum Disorder (ASD), is a neurodevelopmental condition most commonly diagnosed during infancy, ...
Does The Employee Retention Tax Credit Enable Cannabis Companies to Receive Tax Relief?
SAN DIEGO– Cannabis companies were deemed ‘’essential services’’ in the COVID-19 pandemic. But that didn't translate into access to the wealth of government grants that were made available to non-cannabis companies. Restrictions imposed by Section ...
The Parent Company Provides Strategic Corporate Update
SAN JOSE, Calif. - TPCO Holding Corp. or The Parent Company (NEO: GRAM) (OTCQX: GRAMF), a consumer-focused California cannabis company, today announced that it has elected to outsource certain aspects of its cultivation and manufacturing ...
