Legal Affairs
Hawaii Moves Forward on Psychedelic Therapy Research Framework
HONOLULU – The Hawaii Senate approved legislation that would set up a state task force to examine ways to bring breakthrough mental health treatments, like psilocybin- and MDMA-assisted therapies, into clinical and policy discussions. Senate ...
Texas Restricts Sales of Smokable Hemp Products Effective March 31
AUSTIN – Texas retailers must pull smokable hemp products from shelves by the end of the month under final rules adopted by the Department of State Health Services (DSHS). The regulations, which take effect March ...
Illicit Cannabis Activity Drops in States with Adult-Use Legalization, CU Study Finds
NEW YORK – A new analysis from Columbia University’s Mailman School of Public Health shows that states moving beyond medical Cannabis legalization to allow recreational use saw a sharp decline in law enforcement seizures of ...
Cannabis-Infused Drinks Show Promise in Curbing Alcohol Use, New Research Finds
LOS ANGELES – A fresh analysis from researchers at the University at Buffalo suggests that adults turning to Cannabis-infused beverages often scale back their alcohol habits, including sharp drops in binge drinking. The findings, drawn ...
Verano Raises Credit Limit to $100M, Extending Repayment Deadline to 2029
CHICAGO – Verano Holdings Corp. disclosed an update to its revolving credit facility that lifts the available funds to $100 million and stretches the repayment deadline. The change adds $25 million to the prior $75 ...
Circle K Tests Hemp THC Waters in Texas
DALLAS – Circle K has begun stocking shelves with hemp-derived THC beverages at select Texas stores, marking the c-store chain's first foray into the state's market for intoxicating hemp products. The rollout, in partnership with ...
Is the Movement to Repeal Adult-Use Cannabis in Three States a Real Threat to Their Budgets?
NEW YORK – In a development that has raised eyebrows among industry watchers, advocacy groups in Massachusetts, Maine, and Arizona are pushing ballot measures to dismantle key elements of adult-use Cannabis programs, even as these ...
Hawaii Moves Forward on Psychedelic Therapy Research Framework
HONOLULU – The Hawaii Senate approved legislation that would set up a state task force to examine ways to bring breakthrough mental health treatments, like psilocybin- and MDMA-assisted therapies, into clinical and policy discussions. Senate ...
Texas Restricts Sales of Smokable Hemp Products Effective March 31
AUSTIN – Texas retailers must pull smokable hemp products from shelves by the end of the month under final rules adopted by the Department of State Health Services (DSHS). The regulations, which take effect March ...
Illicit Cannabis Activity Drops in States with Adult-Use Legalization, CU Study Finds
NEW YORK – A new analysis from Columbia University’s Mailman School of Public Health shows that states moving beyond medical Cannabis legalization to allow recreational use saw a sharp decline in law enforcement seizures of ...
Licensed Pharmacies in Georgia Set to Begin Cannabis Oil Sales by Late August
LOS ANGELES-- The legal cannabis market in Georgia is poised to expand significantly as the state Board of Pharmacy recently introduced regulations enabling independent pharmacies to distribute cannabis oil. This development, following the legalization of ...
Leafly Faces Scrutiny After Removing Investigative Articles on Trulieve Worker’s Death
LOS ANGELES–Leafly, a previously well-regarded online cannabis platform, has come under fire for removing two crucial articles that delved into the tragic death of Lorna McMurrey, a 27-year-old cannabis worker. McMurrey collapsed during her ...
The Growing Green Wave: Cannabis Industry Emerges in Europe, Paving the Way for New Players
NICE, France-As European countries increasingly seek to legalize cannabis, companies from across the globe are eyeing opportunities in the budding market. Calls to legalize cannabis are mounting across Europe, as a growing number of countries ...
The Growing Green Wave: Cannabis Industry Emerges in Europe, Paving the Way for New Players
NICE, France-As European countries increasingly seek to legalize cannabis, companies from across the globe are eyeing opportunities in the budding market. Calls to legalize cannabis are mounting across Europe, as a growing number of countries ...
New York Lawmakers Greenlight Cannabis Sales to Tribal Nations, Aiding Retail Rollout
NEW YORK- In a significant development for New York's cannabis industry, lawmakers have approved a bill that permits licensed cannabis farmers to sell their products to tribal nations with established cannabis markets. This move comes ...
Cannabis Industry Giant Glass House Faces Lawsuit Alleging Illicit Market Activities
LOS ANGELES-- In a daring move that has caught the attention of the cannabis industry, Catalyst Cannabis Co.'s CEO, Elliot Lewis, has taken legal action against Glass House Brands, one of California's leading cannabis mega-growers. ...
Aurora Cannabis Inc. Reports Adjusted EBITDA in Q3 2023
LOS ANGELES-- Aurora Cannabis Inc., a Canadian cannabis company released its financial and operational results for the third quarter and fiscal year 2023, demonstrating positive momentum and a commitment to financial discipline. The company's ongoing ...
C21 Investments Inc. Files Audited Financial Statements for Fiscal Year 2023, Reports Revenue Decline and Positive Net Income
LOS ANGELES-- C21 Investments Inc. announced the filing of its audited financial statements and management discussion and analysis for its fiscal year ended January 31, 2023. The financial statements, prepared in accordance with U.S. Generally ...
Humble & Fume Inc. Successfully Closes Non-Brokered Private Placement
TORONTO— Humble & Fume Inc. a distributor of cannabis and cannabis accessories in North America, has announced the successful closing of its non-brokered private placement of convertible debenture units. The offering, which was previously announced ...
IM Cannabis Corp. Achieves Compliance with Nasdaq Listing Standards
TEL AVIV — IM Cannabis Corp. a medical cannabis company operating in Israel and Germany, announced today that it has received formal notice from The Nasdaq Stock Market, LLC ("Nasdaq") confirming the company's compliance with ...
Pennsylvania House Judiciary Committee Considers Resolution Urging Federal Descheduling of Cannabis
LOS ANGELES -- The Pennsylvania House Judiciary Committee is currently examining a resolution that urges the federal government to remove cannabis from the list of controlled substances. The resolution highlights that 38 U.S. states and ...
Nevada Lawmakers Pass Cannabis Reform Bill, Awaits Governor’s Signature
LOS ANGELES-- Nevada lawmakers have granted final approval to a comprehensive cannabis reform bill that introduces several significant changes to the state's cannabis industry. Senate Bill 277, as reported by Forbes, encompasses the following ...
USDA Acknowledges Hemp’s Significance by Adding It to Agricultural Technical Advisory Committee Title
LOS ANGELES-- The U.S. Department of Agriculture (USDA) has made a noteworthy move that underscores the recognition of hemp as a valuable commodity. The agency will include hemp in the title of one of its ...
San Francisco Board of Supervisors Implements Three-Year Moratorium on New Cannabis Businesses
SAN FRANCISCO-- In a unanimous decision, the San Francisco Board of Supervisors voted to impose a three-year ban on new cannabis businesses, aiming to address concerns of oversaturation and competition from the illicit market. The ...
Senate Committee Considers Cannabis Banking Reform Legislation Amidst Competing Priorities
WASHINGTON — A crucial piece of legislation concerning cannabis banking reform may finally be gaining traction in the U.S. Senate, according to statements made by a prominent Democratic senator. The SAFE Banking Act, which aims ...
TerrAscend Corp. Sells Mississauga Head Office Below Asking Price Amidst Canadian Cannabis Industry Trends
LOS ANGELES-- TerrAscend Corp. a North American cannabis operator, recently finalized the sale of its head office in Mississauga for 19.7 million Canadian dollars ($15 million). The transaction, however, fell short of the initial asking ...
California Cannabis Industry Tackles Unpaid Invoices with Credit Association
LOS ANGELES-- In an effort to address the issue of unpaid invoices and bring financial stability to the supply chain, a group of California distributors and brands, representing over half of the state's wholesale B2B ...
Federal House Proposal Aims to Enhance Cannabis Research at U.S. Universities, Eliminating Barriers
WASHINGTON— In a bid to bolster cannabis research and pave the way for scientific advancements, a House bill was introduced on Tuesday with the aim of promoting cannabis research at universities while dismantling existing federal ...
FDA Regulation of CBD: Bipartisan Measures Introduced in the House
LOS ANGELES-- In response to the U.S. Food and Drug Administration's (FDA) call for congressional regulation of cannabidiol (CBD), two bipartisan measures have been reintroduced in the House of Representatives by U.S. Reps. Morgan Griffith ...
Canopy Growth Corporation Expands to Quebec’s Cannabis Market
LOS ANGELES-- Canopy Growth Corporation has announced its expanded to deliverin cannabis products sourced from Quebec for consumers in the province. The company has forged a partnership with VASCO Cannabis Inc., a renowned Quebec-based cannabis ...
Red White & Bloom Brands Plans Share-Exchange Acquisition of Aleafia Health
LOS ANGELES-- Multistate operator Red White & Bloom Brands (RWB) has announced its intention to acquire financially troubled Canadian cannabis operator Aleafia Health in a share-exchange agreement. The proposed deal comes shortly after Aleafia announced ...
Cannabis Capital Raises Experience Multiyear Low as Investment Focus Shifts
LOS ANGELES-- The cannabis industry is witnessing a decline in capital raises, reaching a multiyear low despite ongoing challenges in California and criticism of the New York adult-use market launch. Surprisingly, investor money continues to ...
10 Top Tips for Investing in Cannabis Stocks: Exploring Opportunities in the Emerging Industry
LOS ANGELES -The rapidly growing cannabis industry presents exciting prospects for investors seeking new avenues of growth. However, to capitalize on these opportunities, it's crucial to approach the market with a strategic mindset and an ...
Fire & Flower Holdings Seeks Creditor Protection Following Mounting Losses
TORONTO-- Fire & Flower Holdings Corp. and its subsidiaries have taken a significant step in response to their financial struggles, as they have been granted an initial order for creditor protection by the Ontario Superior ...
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 ...
