Legal Affairs
Sensi Brands Secures Major Cultivation Site in Bid for Overseas Expansion
RICHMOND HILL – Sensi Brands Inc. completed its purchase of Maricann Inc., gaining control of a sprawling production facility tailored for export markets. The deal, the company's biggest to date, centers on a 100-acre campus ...
High Tide Launches Europe’s First Canna Cabana Store in Berlin
BERLIN – High Tide Inc., the Calgary-based Cannabis retailer known for its discount club model, has cut the ribbon on its inaugural European outpost, a Canna Cabana store in central Berlin that sells accessories and ...
Conservative Think Tank Advocates Federal Cannabis Labeling Standards to Address State Disparities
WASHINGTON – A prominent conservative policy group has called for federal guidance on Cannabis product warnings, pointing to stark differences in state regulations that leave consumers with inconsistent information on health risks. The American Enterprise ...
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 ...
Trump Video Fuels Cannabis Stock Surge, Yet Analysts Question Depth of Policy Shift
LOS ANGELES – A recent video posted by President Donald Trump on Truth Social, touting support for CBD products under the Farm Bill, triggered a sharp but fleeting uptick in valuations for major multi-state Cannabis ...
Sensi Brands Secures Major Cultivation Site in Bid for Overseas Expansion
RICHMOND HILL – Sensi Brands Inc. completed its purchase of Maricann Inc., gaining control of a sprawling production facility tailored for export markets. The deal, the company's biggest to date, centers on a 100-acre campus ...
High Tide Launches Europe’s First Canna Cabana Store in Berlin
BERLIN – High Tide Inc., the Calgary-based Cannabis retailer known for its discount club model, has cut the ribbon on its inaugural European outpost, a Canna Cabana store in central Berlin that sells accessories and ...
Conservative Think Tank Advocates Federal Cannabis Labeling Standards to Address State Disparities
WASHINGTON – A prominent conservative policy group has called for federal guidance on Cannabis product warnings, pointing to stark differences in state regulations that leave consumers with inconsistent information on health risks. The American Enterprise ...
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. ...
Psychedelic Drug Regulation: Three US States Make Moves to Legalize Psilocybin and MDMA for Mental Health Treatment
LOS ANGELES-- Over the past few weeks, several states in the United States have been making strides in the area of psychedelic drug regulation, specifically around the compound psilocybin found in magic mushrooms. Three states ...
Cannabis Retailers Prepare for Massive Sales on 4/20, the Unofficial Cannabis Holiday
LOS ANGELES-- Tech firms tracking sales in the cannabis industry are predicting a "massive" sales day for retailers on April 20th, also known as 4/20, which they have dubbed the industry's Super Bowl or Black ...
REPORT: US Cannabis Industry Skyrockets to $100 BN in 2023
LOS ANGELES- In a significant milestone for the growing cannabis industry, analysts predict that it will add a whopping $100 billion to the US economy by 2023. This projection, which comes from the newly published ...
Exploring the Rise of Vape Pens in the Cannabis Industry and the Challenges Ahead
LOS ANGELES-- Cannabis vape pens have emerged as one of the most popular cannabis products due to their convenience, ease of use, and discreetness. According to a report by Headset, vapes were the second-most popular ...
Colorado’s Psychedelics Advisory Board Faces Challenges in Establishing Regulated Access Scheme
LOS ANGELES-- Colorado's first-ever psychedelics advisory board meeting took place last week to establish a regulated access scheme for mind-bending therapeutics, which were approved by voters in November. The board's initial focus, however, is on ...
Curaleaf Holdings Announces Restatement of Financial Statements Following Internal Review
NEW YORK-- Curaleaf Holdings, a leading cannabis company, announced today that it has been conducting a review of certain purchases and sales of products through its wholesale channel to determine whether they had commercial substance, ...
”Lab-Shopping” Is Holding Back The Cannabis Industry
LOS ANGELES- In recent years, the cannabis industry has experienced tremendous growth, with more and more states legalizing both recreational and medical cannabis use. With this growth, there has been an increasing demand for cannabis ...
Innocan Pharma Reports Significant Revenue Growth in Audited Financial Results for 2022
LOS ANGELES-- Innocan Pharma, a pharmaceutical technology company specializing in the development of innovative drug delivery platform technologies and owning a proprietary IP portfolio, has released its audited financial results for the year ended December ...
Curaleaf Granted Approval to Continue Selling Recreational Cannabis in New Jersey After Initial Denial
LOS ANGELES-- Curaleaf Holdings, a global provider of consumer cannabis products, has won a significant legal victory in New Jersey. The New Jersey Cannabis Regulatory Board reversed its earlier decision to deny the company's adult-use ...
Barky AI and Highten Launch Canna-GPT: World’s First Cannabis AI Chatbot
LOS ANGELES-- Barky AI and Highten have joined forces to launch Canna-GPT, the world's first Cannabis AI chatbot. With a goal of democratizing cannabis education, the new AI chatbot interface makes it easier for users ...
EY Global Cannabis CEO Survey: Industry Faces Intense Challenges but Remains Optimistic for Growth in 2023
LOS ANGELES-- More than half of cannabis companies failed to meet their board's expectations in 2022, as revealed by the EY Global Cannabis CEO Survey. These underperformances were primarily due to external forces such as ...
Germany Shifts Plan for Cannabis Legalization to Nonprofits and Personal Use
LOS ANGELES-- German officials have scaled back their plans for the legalization of cannabis after consulting with the European Union (EU), according to the Associated Press. Instead of a widespread retail industry, regulators now plan ...
Finnish Survey Reveals Changing Attitudes Towards Cannabis and Drug Decriminalization
LOS ANGELES -- A recent survey conducted by Finland's Institute for Health and Welfare (THL) revealed that attitudes towards cannabis use and possession are changing among the Finnish population. According to YLE News, 53% of ...
Vertical Disintegration – Who Eats Who?
Vertical Disintegration - Who Eats Who? Young America Capital’s investment bankers Jon Lunsford and Sean Santa have published the first of three articles examining vertical disintegration from the standpoint of those raising private capital for ...
Trump Claims ”Genetically Engineered” Cannabis Causes Mass Shootings
NEW YORK - In a recent speech for the National Rifle Association, former U.S. President Donald Trump made a controversial claim that genetically engineered cannabis is the cause of mass shootings in the United States. ...
High THC Cannabis Does NOT Equal Quality Cannabis
LOS ANGELES–When it comes to the quality of cannabis, the misconception that higher THC content equates to a better high is widespread. However, this couldn’t be further from the truth. THC, the specific compound in ...
