Legal Affairs
NY Cannabis Market Gains New Outdoor Sales Path
NEW YORK – New York Governor Kathy Hochul signed legislation that expands the ways licensed microbusinesses and dispensaries can sell Cannabis products at approved community events. The measure aims to give smaller operators more direct ...
High Tide Closes BMO Credit Facility, Issues Q3 Guidance
CALGARY – High Tide Inc. closed its C$40 million senior secured credit facilities with Bank of Montreal (BMO), replacing an existing arrangement with ConnectFirst Credit Union and substantially lowering the company's cost of capital. The ...
LEEF Brands Reports Q2 2026 Financial Results
VANCOUVER – LEEF Brands Inc. posted gross profit up 62% and gross margin that nearly doubled year-over-year, even as top-line revenue fell by 16%. Net revenue reached $7.3 million, down from $8.7 million in Q2 ...
MJBowl Adds Colorado for Its Second Year
LOS ANGELES – The MJBowl, the Cannabis product competition co-presented by MJBizCon and professional review platform Budist, is returning for its second year, with Colorado joining California and New York in the competition pool for ...
FDA Issues Final Guidance on Psychedelic Drug Trials
SILVER SPRING – The FDA published its final guidance titled "Psychedelic Drugs: Considerations for Clinical Investigations" in the Federal Register, finalizing a draft that first appeared in June 2023. Issued by the Center for Drug ...
Vireo Growth Re-Enters Ohio Through Four Concurrent Deals
MINNEAPOLIS – Vireo Growth Inc. announced that it has signed four separate Securities Purchase Agreements to acquire all membership interests of FarmaceuticalRx LLC, FarmaceuticalRx 2 LLC, CAOH LLC, and Canoe Hill Ohio, LLC. The four ...
Cannabis Workers Win Biggest Strike in U.S. History
BARRY – Employees at Ascend Wellness's Cannabis cultivation facility in Barry, Illinois, ratified their first union contract on July 30, ending a 30-day unfair labor practice strike that the International Brotherhood of Teamsters says was ...
NY Cannabis Market Gains New Outdoor Sales Path
NEW YORK – New York Governor Kathy Hochul signed legislation that expands the ways licensed microbusinesses and dispensaries can sell Cannabis products at approved community events. The measure aims to give smaller operators more direct ...
High Tide Closes BMO Credit Facility, Issues Q3 Guidance
CALGARY – High Tide Inc. closed its C$40 million senior secured credit facilities with Bank of Montreal (BMO), replacing an existing arrangement with ConnectFirst Credit Union and substantially lowering the company's cost of capital. The ...
LEEF Brands Reports Q2 2026 Financial Results
VANCOUVER – LEEF Brands Inc. posted gross profit up 62% and gross margin that nearly doubled year-over-year, even as top-line revenue fell by 16%. Net revenue reached $7.3 million, down from $8.7 million in Q2 ...
C-Stores Press Ahead with Hemp-Derived Products as Regulations Tighten
LOS ANGELES – Major convenience store operators keep stocking hemp-derived THC beverages and related items on shelves in states where sales remain legal, even as a federal overhaul set to take effect in November 2026 ...
Auxly Reports Q4 and FY 2025 Financial Results
TORONTO – In the Canadian Cannabis industry that continues to reward discipline and brand strength, Auxly Cannabis Group Inc., known for its focus on consumer-packaged goods and leading brands, has posted solid results for the ...
Gilgamesh Pharma Raises $60M to Fund Its Remaining Neuropsychiatric Assets
NEW YORK – Gilgamesh Pharma, the clinical-stage neuroscience company formed last year after AbbVie acquired its predecessor’s lead psychedelic-derived program, announced it had completed an oversubscribed $60 million Series A financing. The round was led ...
The ROI Investors Are Ignoring Within the Cannabis Industry
LOS ANGELES- Industrial hemp has more ROI potential than the medicinal and intoxicating side for a simple reason: industrial hemp is a raw material that can be swapped into enormous existing markets, while medicinal products ...
The 2nd Annual Cannalaugh Kicks Off March 28 in Chicago
CHICAGO- CannaLaugh, a live event series combining nationally touring stand-up comedians with cannabis education, will host its second annual event on March 28. The event, scheduled to take place at the Galleria Chicago at 9 ...
Glass House Brands Reports Q4 and FY 2025 Financial Results
LONG BEACH – In a sector still adjusting to ongoing wholesale pricing pressures in California, Glass House Brands Inc. has released its fourth-quarter and full-year 2025 earnings, showcasing the effects of deliberate operational decisions and ...
Legal Cannabis Sales Are on Track to Rebound in 2026, Whitney Economics Forecasts
NEW YORK – After a year that delivered the first outright decline in nationwide legal Cannabis revenue since the modern regulated market took shape more than a decade ago, the industry is receiving a measured ...
Rubicon Organics Reports Q4 and FY 2025 Financial Results
VANCOUVER – In a Canadian Cannabis market that continues to reward quality and consistency, Rubicon Organics Inc. has posted a solid set of full-year results that underscore its position as a leader in the premium ...
Cannabist Strikes Deals to Exit Ohio and Delaware
CHELMSFORD – The Cannabist Co. Holdings Inc. signed definitive agreements to sell its Cannabis businesses in Ohio and Delaware and has started voluntary proceedings under Canada’s Companies’ Creditors Arrangement Act (CCAA) to support those deals ...
WSWA Launches Educational Resource on Hemp Beverage Regulation
WASHINGTON – The Wine & Spirits Wholesalers of America (WSWA), the national trade association representing U.S. wine and spirits distributors, announced the rollout of a new online microsite outlining facts and policy options for overseeing ...
AbbVie Secures First Psychedelic PRIME Designation in Europe
BRUSSELS – The European Medicines Agency (EMA) has granted Priority Medicines (PRIME) eligibility to bretisilocin, an investigational compound from AbbVie Inc. aimed at treating major depressive disorder (MDD). The decision adopted at the Committee for ...
Vireo Growth Completes Schwazze Assets Acquisition
MINNEAPOLIS – In a move that instantly reshapes the competitive map in two key Cannabis states, Vireo Growth Inc. has completed its acquisition of major assets from Schwazze, gaining control of dozens of established dispensaries ...
Bipartisan Bill to Delay Hemp Ban Gains 36 Congressional Sponsors
WASHINGTON – Bipartisan legislation to postpone tightened federal rules on hemp products has now secured backing from 36 lawmakers across both chambers of Congress. The Hemp Planting Predictability Act would extend the effective date of ...
PharmaCann to Shut Down its Denver Cannabis Grow Facility
DENVER – Chicago-based PharmaCann Inc., one of the largest privately held and vertically integrated Cannabis companies in the United States, has notified Colorado officials that it will permanently [?] close its major cultivation site in ...
South Carolina Senate Approves Bill to Keep Hemp THC Drinks and Gummies Legal
COLUMBIA – The South Carolina Senate voted 35-4 to advance a bill that would maintain legal access to hemp-derived THC beverages and gummies for adults while setting strict caps on potency and sales channels. The ...
Massachusetts Lawmakers Push Forward Psychedelic Therapy Programs
BOSTON – Massachusetts lawmakers have advanced legislation that would set up pilot programs for regulated psychedelic therapy, with one measure clearing a key committee in September 2025 and related proposals still under review. The Senate ...
Ohio Enacts New Cannabis and Hemp Regulations After Referendum Effort Fails
COLUMBUS – Updated rules for Ohio’s recreational Cannabis market and a statewide ban on most intoxicating hemp products outside licensed dispensaries took effect, closing the chapter on a citizen campaign to reverse legislative tweaks to ...
San Francisco Considers Ordinance for Cannabis Cafes
SAN FRANCISCO – Customers at licensed Cannabis retailers here could soon relax in dedicated Amsterdam-style cafes, consuming products on site while ordering prepared food and nonalcoholic drinks, following legislation introduced this week by Board of ...
Tilray Medical Expands Australian Medical Cannabis Offerings
NEW YORK – Tilray Medical, an internal division of Tilray Brands Inc., one of the largest global suppliers of pharmaceutical-grade medical Cannabis operating in 20 countries across five continents, announced expansion of its medical Cannabis ...
Cannabis Distributors Kiva Sales & Service and Petalfast Sign Letter of Intent to Combine
OAKLAND – Kiva Sales & Service (KSS), a leading sales and distribution agency focused on California’s Cannabis market, signed a letter of intent to combine operations with Petalfast, a national platform known for sales, distribution ...
New York Senate Health Committee Advances Bill for Out-of-State Medical Cannabis Access
ALBANY – The New York State Senate Health Committee approved legislation that would recognize medical Cannabis certifications from other states, granting those patients access to New York dispensaries under specific conditions. The measure, Senate Bill ...
High Tide Reports Q1 2026 Financial Results
CALGARY - High Tide Inc. released its financial results for the first quarter ended January 31, 2026, underscoring steady progress in its Canadian stores and its expanding medical Cannabis distribution business in Germany. High Tide ...
Vireo Growth Reports Q4 2025 Financial Results
MINNEAPOLIS – Vireo Growth Inc. has released its financial performance for the period ended December 31, detailing how a series of completed mergers has reshaped its operations and set the stage for broader expansion in ...
Massachusetts Rec Cannabis Sales Exceed $9B Cumulative Total
BOSTON – Adult-use Сannabis retailers in Massachusetts have generated over $9 billion in gross sales since the first stores opened in November 2018, as reported by the state Cannabis Control Commission. Sales data on the ...
Canopy Growth Completes Acquisition of MTL Cannabis
SMITHS FALLS – Canopy Growth Corp. has finalized the purchase of MTL Cannabis Corp. solidifying its position as the largest medical Cannabis company in Canada by revenue bolstered by added cultivation assets and patient channels. ...
