Legal Affairs
Colorado Lawmakers Weigh Options for Cannabis Tax Bump
DENVER – Colorado legislators have introduced a bill that would put a small increase in Cannabis taxes before voters this November, aiming to generate funds for mental health programs even as the state's Cannabis market ...
Retail Launch in 2026 or 2027? Why Virginia Operators Must Prepare Before Reconciliation Concludes
VIRGINIA- With gubernatorial alignment and both chambers advancing sales legislation, Virginia’s adult-use market is transitioning from policy debate to execution planning. The House maintains a November 2026 activation date; the Senate proposes January 2027. Conference ...
Ownership Disclosure and 25% Change-of-Control Triggers: How Virginia Will Scrutinize Your Cap Table
VIRGINIA- Ownership transparency and anti-concentration controls remain central to Virginia’s adult-use legislation. Beneficial ownership disclosure requirements capture layered structures and indirect control arrangements. Transfers require Board approval, generally triggered at 25 percent ownership changes within ...
MindMed Rebrands as Definium Therapeutics, Targets 2026 Trials for LSD-Based Treatments
NEW YORK – Mind Medicine (MindMed) Inc., a developer of treatments derived from psychedelics for mental health conditions, has changed its name to Definium Therapeutics Inc., a move that underscores its push into late-stage testing ...
Sunderstorm Welcomes Lime to Its Family of Brands
LOS ANGELES – Sunderstorm, the California-based Cannabis company behind the popular Kanha edibles line, revealed its purchase of Lime, an expert in pre-rolled joints that has carved out a steady presence in the state's retail ...
Curaleaf Observes Delaware Base to Tighten U.S. Footprint
DOVER – Curaleaf Holdings Inc. has filed for shareholder approval to relocate its corporate domicile from British Columbia, Canada, to Delaware, a change designed to match its heavy concentration of business in the American market. ...
Tilray Brands Reports Q2 Fiscal 2026 Financial Results
NEW YORK – Tilray Brands Inc. posted net revenue of $217.5 million for its fiscal second quarter ended November 30, 2025, marking the company's highest quarterly figure to date and edging up 3% from $211 ...
Colorado Lawmakers Weigh Options for Cannabis Tax Bump
DENVER – Colorado legislators have introduced a bill that would put a small increase in Cannabis taxes before voters this November, aiming to generate funds for mental health programs even as the state's Cannabis market ...
Retail Launch in 2026 or 2027? Why Virginia Operators Must Prepare Before Reconciliation Concludes
VIRGINIA- With gubernatorial alignment and both chambers advancing sales legislation, Virginia’s adult-use market is transitioning from policy debate to execution planning. The House maintains a November 2026 activation date; the Senate proposes January 2027. Conference ...
Ownership Disclosure and 25% Change-of-Control Triggers: How Virginia Will Scrutinize Your Cap Table
VIRGINIA- Ownership transparency and anti-concentration controls remain central to Virginia’s adult-use legislation. Beneficial ownership disclosure requirements capture layered structures and indirect control arrangements. Transfers require Board approval, generally triggered at 25 percent ownership changes within ...
Organigram Enters Partnership with Phylos Bioscience to Enhance Cannabis Genetics and Technical Capabilities
LOS ANGELES-- Organigram Holdings Inc, a licensed producer of cannabis, announced today that it has forged a comprehensive technical and commercial relationship with Phylos Bioscience Inc., a renowned U.S. cannabis genetics company based in Portland, ...
Uncertain Future for Medical Cannabis Expansion in Texas as Legislative Session Nears Conclusion
AUSTIN-- As the Texas legislative session draws to a close this Memorial Day, the future of medical cannabis expansion in the state remains uncertain. Crucial legislation aimed at broadening access to low-THC medical cannabis products ...
Minnesota Legislature Advances Health Policy Bill with Psychedelics Task Force Provision
LOS ANGELES-- The Minnesota legislature has passed a comprehensive health policy bill that includes provisions to establish a psychedelics task force in preparation for potential legalization. The bill, which had previously passed the House and ...
Clearmind Medicine Initiates Phase I/IIa Clinical Trial of CMND-100 for Alcohol Use Disorder at Yale School of Medicine
LOS ANGELES-- Clearmind Medicine Inc. has selected Yale School of Medicine as the first site in the United States for its Phase I/IIa clinical trial of CMND-100, a proprietary compound aimed at treating alcohol use ...
PharmaDrug Appoints David Posner as Advisor to Enhance Shareholder Value and Explores Strategic Options for Cepharanthine and DMT Programs
LOS ANGELES-- PharmaDrug Inc. has announced the appointment of David Posner to its Advisory Committee and as a consultant for strategic initiatives and corporate restructuring. Posner, known for his involvement in the cannabis, psychedelic, and ...
Legacy Cannabis Growers Raise Concerns as Eswatini Considers Legalization
JOHANNESBURG–In the Kingdom of Eswatini, the prospect of legalizing cannabis has sparked a contentious debate, with legacy cannabis growers expressing their objections to the potential changes. As the country considers embracing a regulated cannabis industry, ...
Study: Smoking Cannabis Doesn’t Carry Same Risks as Smoking Tobacco
LOS ANGELES-New research published in the journal Chronic Obstructive Pulmonary Diseases has revealed that cannabis use is not associated with a heightened risk of developing chronic obstructive pulmonary disease (COPD), even among individuals who possess ...
Acreage Holdings Reports Q1 2023 Financial Results with Declining Revenue and Net Loss
NEW YORK - Acreage Holdings, Inc, a multi-state cannabis operator, announced its financial results for the first quarter ended March 31, 2023. Despite challenges faced by the industry, the company reported a 1.6% decline in ...
American Medical Association Cannabis Study Finds Significant & Sustained Health Benefits
LOS ANGELES--A recent study published by the American Medical Association (AMA) has shed light on the positive effects of CBD and medical cannabis on various aspects of well-being. Conducted at a network of specialist medical ...
Financial Analysis Estimates North Carolina Could Generate $65 Million Annually from Proposed Medical Cannabis Market
LOS ANGELES-- A financial analysis conducted by HedgeRow Analysis reveals that if Senate Bill 3, also known as the North Carolina Compassionate Care Act, is approved, the state could generate nearly $65 million in annual ...
New Hampshire: Senate Republicans Once Again Reject House-Backed Legalization Bill
CONCORD, NH - In a recent decision, New Hampshire Senators thwarted a House-backed initiative that aimed to legalize the use and sale of cannabis for adults. With a vote of 14 to 10, the Senators ...
California Cannabis Tax Revenue Drops, Signaling Industry Challenges and Urgency for Tax Reduction
SAN JOSE, California–In a concerning trend for the cannabis industry in California, tax revenue generated from the sector has declined significantly in the first quarter of 2023, raising alarms about the industry's viability and the ...
SEC Halts $60 Million Alleged Ponzi-Like Scheme Linked to Non-Existent Cannabis Farm
LOS ANGELES--In a stunning revelation this week, the U.S. Securities and Exchange Commission (SEC) announced the shutdown of a long-running alleged Ponzi-like scheme in the cannabis industry, involving a company named WeedGenics and its owners. ...
Analysis: Canopy Growth Sets Sights on Expanding Canopy USA Amidst Canadian Market Concerns
NEW YORK- Canopy Growth Corporation ($CGC), a leading Canadian cannabis producer, has set its sights on the lucrative United States market. With the recent legalization and growing acceptance of cannabis across several states, the company's ...
TerrAscend Completes Sale of Mississauga Facility for CAD$19.7 Million, Further Reduces Debt
LOS ANGELES-- TerrAscend Corp. A cannabis operator in North America, has announced the successful completion of the sale of its facility located in Mississauga, Canada, for CAD$19.7 million. The company plans to utilize the net ...
MindMed’s Phase Study for Generalized Anxiety Disorder Enrolls +50% of Participants
LOS ANGELES-- Mind Medicine (MindMed), a clinical-stage biopharmaceutical company focused on developing treatments for brain health disorders, provided an update on its Phase 2b study evaluating MM-120 (lysergide D-tartrate) for generalized anxiety disorder (GAD). The ...
Arizona to Award $5 Million in Grants for Clinical Studies on Psilocybin Mushrooms
PHONIX-- Arizona is set to allocate $5 million in grants for researchers to conduct clinical studies on the therapeutic potential of hallucinogenic psilocybin mushrooms. The state's recently approved budget for fiscal year 2024 includes a ...
Glass House Brands Sees Opportunities as Legal Cannabis Farming Space Shrinks in California
LOS ANGELES--During Glass House Brands' recent earnings call, CEO Kyle Kazan revealed that the legal cannabis farming space in California is expected to significantly shrink this year, presenting an opportunity for the company to capture ...
Uncomfortably High-Testing Reveals Inflated THC Levels on Cannabis Packaging
LOS ANGELES-–Legal Cannabis products in the United States are required to report THC potency (total THC % by dry weight) on packaging. However concerns have been raised that reported THC potency values are inaccurate. This ...
Solutions Explored at NY Cannabis Insider Conference to Address Challenges in New York’s Adult-Use Cannabis Program
NEWYORK--, NY Cannabis Insider hosted a conference in Albany, bringing together stakeholders to discuss solutions to the persistent challenges faced by the New York adult-use cannabis program. One of the main issues raised was the ...
Canopy Growth Files Revised Proxy Statement to Accelerate Entry into U.S. Cannabis Market
LOS ANGELES-- Canopy Growth Corporation, aNorth American cannabis and consumer packaged goods (CPG) company, announced today the filing of a revised proxy statement with the U.S. Securities and Exchange Commission (SEC). The statement outlines the ...
Canadian Cannabis Producer BZAM Announces Non-Brokered Private Placement to Raise Up to C$5 Million
BZAM Ltd a Canadian cannabis producer, revealed its plans to conduct a non-brokered private placement to raise approximately C$5 million. The company intends to offer up to 22,222,223 units, with each unit priced at C$0.225. ...
Licensed Cannabis Transporters in Illinois File Lawsuit Against State Department of Agriculture for Failing to Regulate Cannabis Transportation
In a legal battle that could have significant implications for the cannabis industry in Illinois, a coalition of 13 licensed cannabis transporters has filed a lawsuit against the state Department of Agriculture, accusing regulators of ...
Auxly Cannabis Group Inc. Achieves Positive Adjusted EBITDA in Q1 2023
TORONTO--, Auxly Cannabis Group Inc. (TSX: XLY) announced its financial results for the first quarter ended March 31, 2023, revealing positive Adjusted EBITDA and notable revenue growth. The company, a leading player in the cannabis ...
Atai Life Sciences Reports Q1 2023 Financial Results and Updates on Clinical Trials
LOS ANGELES-- Atai Life Sciences, a clinical-stage biopharmaceutical company, released its financial results for the first quarter of 2023, along with updates on corporate developments. The company's cash reserves decreased from $273.1 million in December ...
