Legal Affairs

POSaBIT Captures Majority of Cannabis Transactions in Washington State

LOS ANGELES- POSaBIT Systems Corporation a provider of point-of-sale and payments infrastructure in the cannabis industry, now processes over 85% of all cannabis point-of-sale transactions in Washington State. Established in 2015, POSaBIT has expanded ...

Hemp-Derived Products Influence Cannabis Market Dynamics

LOS ANGELES- The 2018 Farm Bill's legalization of hemp cultivation has significantly impacted the cannabis industry, leading to the emergence of various hemp-derived products that are reshaping market dynamics. One notable development is the ...

High Tide Reports Q1 Revenue

LOS ANGELES- High Tide Inc. a Canadian cannabis retailer, announced its financial results for the first quarter ended January 31, 2025, reporting revenue of CAD 142.5 million, an 11% increase from the same period last ...

Tacoma City Council Decriminalizes Natural Psychedelics

LOS ANGELES- The Tacoma City Council in Washington State unanimously approved a resolution to decriminalize natural psychedelics, including substances containing tryptamines, phenethylamines, and indolamines. This legislative action designates the enforcement of laws against these entheogenic ...

Rhode Island Proposes Psilocybin Legalization and State-Regulated Therapy Program Pending Federal Rescheduling

LOS ANGELES- In January 2025, Rhode Island lawmakers introduced House Bill 5186, aiming to legalize psilocybin possession and cultivation for personal use. The bill proposes that individuals be allowed to cultivate psilocybin within their residences ...

Cannabis Legalization Measures Face Challenges in 2024 Elections

LOS ANGELES- In the 2024 elections, marijuana legalization measures faced significant challenges across multiple states. Notably, only Nebraska succeeded in relaxing restrictions by approving two ballot measures that legalized medical cannabis and established a regulatory ...