Legal Affairs
Grenada Decriminalizes Cannabis
ST. GEORGE'S – Grenada's Parliament approved amendments to the nation's drug laws, decriminalizing personal possession of Cannabis for adults while imposing strict limits on use and distribution. The move, part of a broader effort to ...
Curaleaf Debuts in Maine’s Recreational Market
BANGOR – Curaleaf Holdings Inc. launched its recreational customer sales at a newly opened dispensary, marking the company's first step into Maine's adult-use sector after years of serving only medical patients. The store sits next ...
Americans Are Open to Learn More About Psychedelics, Ipsos Poll Finds
WASHINGTON – A fresh survey reveals that a majority of Americans express interest in gaining more knowledge about psychedelics as potential tools for mental healthcare, even as public familiarity remains spotty and opinions split along ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – Operators sharpened their focus on balance sheets and strategic footholds while policymakers grappled with regulatory gaps and emerging threats. Funding flowed into psychedelics innovation, MSOs reported Q3 2025 earnings, trimmed underperformers, and ...
Cronos Group Reports Q3 2025 Financial Results
TORONTO – Cronos Group Inc., a Canadian Cannabis producer with a growing international footprint, reported third-quarter results that marked new highs for revenue, profitability, and cash reserves, even as domestic challenges in Canada tempered some ...
Aurora Cannabis Reports Q2 FY2026 Financial Results
EDMONTON – Aurora Cannabis Inc. posted a solid second quarter for its fiscal 2026, with total net revenue climbing 11% to CA$90.4 million, driven by a surge in international medical Cannabis sales that highlighted the ...
Cresco Labs Reports Q3 2025 Financial Results
CHICAGO – Cresco Labs, a major player in branded Cannabis products and the Sunnyside retail chain, announced third-quarter results showing revenue of $165 million for the period ended September 30. The figure marked a modest ...
Grenada Decriminalizes Cannabis
ST. GEORGE'S – Grenada's Parliament approved amendments to the nation's drug laws, decriminalizing personal possession of Cannabis for adults while imposing strict limits on use and distribution. The move, part of a broader effort to ...
Curaleaf Debuts in Maine’s Recreational Market
BANGOR – Curaleaf Holdings Inc. launched its recreational customer sales at a newly opened dispensary, marking the company's first step into Maine's adult-use sector after years of serving only medical patients. The store sits next ...
Americans Are Open to Learn More About Psychedelics, Ipsos Poll Finds
WASHINGTON – A fresh survey reveals that a majority of Americans express interest in gaining more knowledge about psychedelics as potential tools for mental healthcare, even as public familiarity remains spotty and opinions split along ...
C21 Investments Faces Securities Commission Cease Trade Order Amidst Financial Statement Delay
LOS ANGELES-- C21 Investments Inc., a prominent vertically integrated company operating in the cannabis sector, has encountered a significant setback as the British Columbia Securities Commission (BCSC) issued a Cease Trade Order against the company's ...
New York Extends Cannabis Licenses to Boost Adult-Use Market
NEW YORK-- New York Governor Kathy Hochul recently signed a bill that extends the licenses of cannabis cultivators and processors in an effort to expedite the establishment of the state's adult-use market. As state regulators ...
Canopy Growth Corp. Faces Delisting from S&P/TSX Composite Index
LOS ANGELES-- Canopy Growth Corp., a Canadian cannabis company, is set to be removed from the S&P/TSX Composite Index, a key market benchmark similar to the S&P 500 in the United States. The decision, announced ...
Illinois Recreational Cannabis Sales Show Modest Growth in May
ILLINOIS-- Illinois' recreational cannabis market experienced a slight increase in sales during the month of May, according to data released by the Illinois Department of Financial and Professional Regulation. Despite the highly anticipated growth in ...
Greenlane Holdings, Inc. Initiates Reverse Stock Split to Maintain Nasdaq Listing
LOS ANGELES -- Greenlane Holdings, Inc., a leading global provider of premium cannabis accessories and specialty vaporization products, has announced plans to execute a one-for-10 reverse stock split of its Class A common stock. The ...
German Cannabis Policy Reform Takes Center Stage at ICBC Berlin 2023
BERLIN-- The International Cannabis Business Conference (ICBC) is gearing up for a timely and significant political discussion on cannabis policy reform in Germany. Building on the historic panel discussion held in 2021, where all major ...
Cronos Group Inc. to Cease Hemp-Based CBD Operations in the U.S. and Focus on Cash Flow and Future THC Market Entry
TORONTO-- Canadian cannabis company Cronos Group Inc. has revealed plans to discontinue its hemp-derived CBD operations in the United States by the end of the second quarter of this year. The decision is aimed at ...
Multi-State-Operators (MSOs) Set to Enter NY Adult-Use Market After Policy Change
NEW YORK–In an effort to stabilize New York's adult-use marijuana program, which has experienced a rocky rollout, new legislation and significant policy shifts have been proposed. One of the key changes is the potential entry ...
Arizona Legislature Seeks to Slash Medical Cannabis Card Prices Amid Declining Sales and Patient Numbers
PHOENIX-- In an effort to revive Arizona's struggling medical cannabis market, lawmakers are pushing forward a bill aimed at reducing the cost of medical cannabis cards. Senate Bill 1466, which received approval from the state ...
New York Regulators Pave the Way for Cannabis Farmers’ Markets Amid Supply Glut
NEW YORK-- In a bid to address the surplus of cannabis products and support local cultivators, regulators in New York have announced plans to introduce cannabis farmers' markets this summer. The move, spearheaded by the ...
Reunion Neuroscience to be Acquired by MPM BioImpact in $13.1 Million All-Cash Deal
LOS ANGELES-- Reunion Neuroscience Inc. a clinical-stage biopharmaceutical company specializing in innovative therapies for underserved mental health conditions, has announced a definitive arrangement agreement with MPM BioImpact, a leading biotechnology investment firm. Under the agreement, ...
California’s Regulated Cannabis Market Sees Decline in Sales and Tax Revenue in Q1 2023
LOS ANGELES-- California's hopes of increased consumer participation in the regulated cannabis market did not translate into a boost in licensed retail sales or state tax revenue during the first quarter of 2023. According to ...
C21 Investments Repays $30 Million Debt to CEO Sonny Newman
LOS ANGELES-- C21 Investments Inc., a vertically integrated cannabis company, announced today the successful completion of the full repayment of its $30 million senior secured note owed to Sonny Newman, the Company's President and Chief ...
Humble & Fume Inc. Announces Intention to Raise Approximately C$2 Million through Non-Brokered Private Placement
LOS ANGELES-- Humble & Fume Inc., a distributor of cannabis and cannabis accessories in North America, has revealed its plans to undertake a non-brokered private placement offering. The company intends to issue approximately 2,000 convertible ...
Trulieve Disciplined for Worker Death; Announces Exit from Competitive California & Massachusetts Markets
LOS ANGELES–Trulieve, a prominent cannabis company, has recently found itself embroiled in a distressing incident. In Massachusetts, a tragic workplace accident resulted in the death of one of Trulieve's employees. The company has since faced ...
Minnesota Legalizes Recreational Cannabis, Expanding Market and Tax Revenue
MINNESOTA. - Governor Tim Walz of Minnesota has signed into law a bill legalizing the recreational use of cannabis, making Minnesota the 23rd state in the U.S. to do so. The legislation, known as HF ...
Opinion: Cannabis PR Scares Me…and It Should Scare You Too–By Lauren Mundell
LOS ANGELES--First of all, if you don't understand PR, you're not alone. One of the top influencers in PR Parry Headrick often recycles this post and it gets hundreds of comments each time. So, instead of ...
Innocan Pharma Reports Significant Revenue Growth & Gross Profit in Q1 2023
LOS ANGELES-- Innocan Pharma Corporation, a pharmaceutical technology company specializing in innovative drug delivery platform technologies, has announced its financial results for the first quarter ended March 31, 2023. The company reported significant growth in ...
Minnesota Legalizes Adult-Use or Recreational Cannabis
ST PAUL, MN–Minnesota Governor Tim Walz, a Democrat, made a significant move on Tuesday by signing a bill that legalizes the recreational use of cannabis in the state. With this signature, Minnesota becomes the 23rd ...
Canopy Growth Acquires 19.99% Stake in Indiva, Secures Distribution Rights for Wana Edibles in Canada
LOS ANGELES-- In a strategic move to expand its presence in the cannabis edibles market, Canadian cannabis producer Canopy Growth has announced the acquisition of a 19.99% stake in edibles manufacturer Indiva. The deal also ...
Cansortium Reports Q1 2023 Results with Revenue Growth and Increased Profitability
LOS ANGELES-- Cansortium Inc., a vertically-integrated multi-state cannabis company operating under the FLUENT™ brand, has reported its financial and operating results for the first quarter ended March 31, 2023. The company showcased a 12% year-over-year ...
Tilray Brands, Inc. Announces Successful Pricing of $150 Million Unsecured Convertible Senior Notes Offering
Los Angeles-- Tilray Brands, Inc. a global cannabis-lifestyle and consumer packaged goods company, revealed today that it has successfully priced its registered offering of $150 million aggregate principal amount of 5.20% Convertible Senior Notes due ...
BZAM Ltd. Reports Strong Q1 2023 Results, Achieving Record Revenues and Expanding Market Share
LOS ANGELES-- BZAM Ltd a Canadian cannabis producer, has released its financial and operating results for the first quarter of 2023, reporting impressive growth and positive developments. The company's Q1 2023 highlights include achieving record ...
Massachusetts Regulators Scrap Pilot Program for Cannabis Consumption Cafes, Prioritize Broader Approach
BOSTON-- In a bid to expedite the establishment of cannabis consumption lounges, Massachusetts marijuana regulators have made the decision to cancel a long-planned pilot program for such establishments. The move comes as members of the ...
Canopy Growth Corporation Faces Restatement of Financial Statements Following Internal Review
Los Angeles-- Canopy Growth Corporation, a cannabis company, announced today that it will need to restate its financial statements following an internal review of the financial reporting matters related to BioSteel Sports Nutrition Inc. This ...
