Legal Affairs
Florida Cannabis Legalization Initiative Fails to Qualify for 2026 Ballot
LOS ANGELES – Florida Secretary of State Cord Byrd announced that the Smart & Safe Florida campaign failed to submit the required number of valid signatures to qualify its proposed constitutional amendment for the ballot. ...
Psychedelic Pharmacists Foundation Launches to Advance Education and Research
PORTLAND – The Psychedelic Pharmacists Association (PPA) has launched the Psychedelic Pharmacists Foundation (PPF), a new nonprofit entity focused on education, research, and public awareness of responsible psychedelic medicine integration. The PPF will operate as ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – The Cannabis and Psychedelics worlds delivered a fresh wave of momentum that’s turning heads from boardrooms to ballot boxes. States pushed bold new frontiers in therapeutic access, millions of Americans embraced microdosing ...
Trump Signs Funding Measure Ending Historic 43-Day Government Shutdown, Bans Hemp-Derived THC Products
WASHINGTON – President Donald Trump signed a bipartisan spending package that reopens the federal government after a 43-day impasse, marking the longest such closure in American history. Tucked into the legislation, however, are new limits ...
Opinion: Lean In? Sometimes You Have To Lean Out
LOS ANGELES- For years, women have been told that if we want to succeed, we need to “lean in.” Work twice as hard to get half as much. Push through. Prove ourselves. Be unstoppable. And ...
OPINION: Careful What You Wish For, You Might End Up With A 12-Inch Pianist
LOS ANGELES- The regulated cannabis industry should be collectively objecting to the language in the Big Beautiful Bill that effectively makes intoxicating hemp products illegal in 12 months. They should be screaming from the roof ...
Flower by Edie Parker Teams Up with Verano for Florida Cannabis Debut, Spotlights Rapper JT in Promo Campaign
MIAMI – Flower by Edie Parker, a female-founded, premium Cannabis brand known for its vibrant designs, has struck an exclusive deal with Verano Holdings Corp. to roll out its products across the Sunshine State's medical ...
Florida Cannabis Legalization Initiative Fails to Qualify for 2026 Ballot
LOS ANGELES – Florida Secretary of State Cord Byrd announced that the Smart & Safe Florida campaign failed to submit the required number of valid signatures to qualify its proposed constitutional amendment for the ballot. ...
Psychedelic Pharmacists Foundation Launches to Advance Education and Research
PORTLAND – The Psychedelic Pharmacists Association (PPA) has launched the Psychedelic Pharmacists Foundation (PPF), a new nonprofit entity focused on education, research, and public awareness of responsible psychedelic medicine integration. The PPF will operate as ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – The Cannabis and Psychedelics worlds delivered a fresh wave of momentum that’s turning heads from boardrooms to ballot boxes. States pushed bold new frontiers in therapeutic access, millions of Americans embraced microdosing ...
Cannabis firms turn to Republic for fundraising under crowdfunding scrutiny
LOS ANGELES-- Republic, a relatively new source of lower-level direct investing for businesses, has become a popular platform for cannabis companies seeking capital. At least 18 cannabis firms have launched campaigns on the platform, which ...
Las Vegas Approves Cannabis Lounge Regulations
LAS VEGAS- In a historic move, the Las Vegas City Council voted 4 to 1 in favor of authorizing cannabis consumption lounges within the city limits today. While San Francisco is the first city in ...
Nalu Bio Raises $12 Million in Series A Funding Round to Scale Production of Synthetic Cannabinoids
SAN FRANCISCO-- A based producer of synthetic cannabinoids, Nalu Bio, announced on Tuesday that it had raised $12 million in a Series A funding round, led by Intrinsic Capital Partners, a Pennsylvania-based investment firm focused ...
Virginia Passes Tough New Restrictions on Delta-8 THC Products
RICHMOND-- Virginia lawmakers have approved strict new regulations on products containing delta-8 THC, a hemp-derived cannabinoid. The legislation, which was hammered out on the last day of the General Assembly session, will require sellers of ...
RIV Capital CEO Departs, Revenue Shows Slight Improvement in Q3 2022, and Company Looks to Unlock Intrinsic Value
LOS ANGELES-- Canadian cannabis investment company RIV Capital announced on Tuesday that CEO Mark Sims was leaving the company with immediate effect. The departure came as the company revealed its financial results for the quarter ...
Growing Basics – Gas Lantern Technique
Grower Essentials: The Gas Lantern Technique Cannabis cultivation - and agriculture in general - go back thousands of years. And while incredible technological advances have been made, even more so recently, there are some ...
Green Thumb Industries Generates $1B in Revenue for 2022, Posts Profit Despite Q4 Losses
LOS ANGELES-- Green Thumb Industries Inc. a cannabis producer and retailer in the US, announced that it hit $1 billion in revenue for 2022, a year marked by growth and challenges in the cannabis industry. ...
Cresco Labs and Columbia Care Extend Closing Date for $2 Billion Megadeal Amid Regulatory Approvals and Divestiture Concerns.
NEW YORK-- Cresco Labs and Columbia Care Inc., the parent company of Sunnyside dispensaries and Cannabist respectively, have agreed to extend the closing date of their $2 billion, all-stock megadeal to June 30, 2023. Despite ...
American Weed Co Founders Call for Nationwide Legalization of Cannabis for Veterans
WASHINGTON-- American Weed Co, a new cannabis company owned and operated by veterans, has announced it will devote a portion of its revenue to combating the epidemic of veteran suicide and modernizing outdated federal cannabis ...
MJ Unpacked Returns to New York with a Fresh Look Thanks to Strategic Partnership with ABC Brand/Design
NEW YORK-- MJ Unpacked, a cannabis trade event for brand and retail executives, as well as accredited investors, is set to make a return to New York on April 26th to the 28th, with a ...
MedMen Enterprises Hires ATB Capital Markets to Review and Sell Non-Core Assets in Restructuring Efforts
LOS ANGELES-- MedMen Enterprises Inc. has provided an update on its restructuring efforts, announcing that it has hired ATB Capital Markets Inc. to review and sell one or more of its non-core assets in Arizona, ...
California’s Legal Cannabis Market Faces Downturn in Sales and Industry Challenges
LOS ANGELES-- Legal cannabis sales in California have hit a roadblock as consumers purchased $5.3 billion worth of cannabis in the state in 2022, an 8% drop from the previous year, according to a report ...
RIV Capital and Hawthorne settle disputes with JW Asset Management over Etain acquisition
LOS ANGELES--RIV Capital Inc. has reached a settlement with JW Asset Management LLC (JWAM) over a dispute related to its acquisition of New York-based medical cannabis operator Etain. JWAM had raised concerns over the purchase ...
Canadian Cannabis Consumers Moving Toward Legal Market, Study Finds
WATERLO-- A new study published in the Harm Reduction Journal has revealed that Canadian cannabis consumers are increasingly turning to the legal market. Researchers from the University of Waterloo's School of Public Health conducted a ...
Global Cannabis Market Expected to Reach Nearly $60 Billion by 2027, with U.S. Accounting for Three-Quarters of Sales, says BDSA Report
LOS ANGELES--The global cannabis market is poised for massive growth in the next four years, with projected sales of nearly $60 billion by 2027, according to a recent market forecast by BDSA. This represents a ...
Updates: What’s Happening in USA’s East Coast Cannabis Markets?
NEW YORK- The legal cannabis industry in the United States has been growing at a rapid pace in recent years, with several states legalizing the use of cannabis for medical and recreational purposes. While the ...
The Parent Company and Gold Flora Announce Plans to Merge Businesses
SAN JOSE, Calif. TPCO Holding Corp. (NEO: GRAM) (OTCQX: GRAMF), a consumer-focused California cannabis company, and Gold Flora, a vertically-integrated California cannabis company, today announced that they have entered into a definitive business combination agreement to ...
Switzerland’s Cannabis Market Set to Boom Following Test Market
ZURICH–In recent years, the legal cannabis market has been rapidly expanding in Switzerland, driven by changing attitudes towards the substance and its potential medicinal benefits. This development has been accompanied by a growing number of ...
Oklahoma Voters to Decide on Recreational Cannabis Legalization: What’s at Stake for the State’s Booming Cannabis Industry?
OKLAHOMA CITY, In just under two weeks, voters in Oklahoma will have the opportunity to decide whether to legalize recreational cannabis in addition to the state's already expansive medical cannabis market. The measure, State Question ...
Challenges and Competition for Legal Cannabis in Manhattan as New York’s Adult-Use Program Slowly Takes Shape
NEW YORK, New York's adult-use cannabis program has finally started to take shape with four legal stores now open and operating. However, the road to get here has been long and fraught with challenges, and ...
California’s Cannabis Industry Still Struggling with Systemic Hurdles and Local Veto Power, Says Industry Consultant
LOS ANGELES-- The cannabis industry in California is still facing major obstacles despite being the most populous state in the US. Many businesses are struggling to turn a profit in the market due to a ...
SEC seeks $6.2M from two men accused of penny stock scheme
Los Angeles, The US Securities and Exchange Commission (SEC) has asked a federal judge in Boston to approve a proposed judgement against William Kaitz and Graham Taylor for their alleged roles in a $140m penny ...
New Cannabis Brands Face Shorter Lifecycles, With Survival Rates Tied to Market Conditions
LOS ANGELES, A new report by sale tracking firm Headset has found that new cannabis brands entering the market have shorter lifecycles than in the past. The report analyzed distinct brand launches in the first ...
Sky Wellness CBD Sleep Gummies Named Winner of 2023 Product of the Year USA Award
PHOENIX, Sky Wellness CBD Sleep Gummies, a premium THC-free, broad-spectrum CBD + CBN sleep aid, has been named a winner of the 2023 Product of the Year USA Awards. This is the largest consumer-voted awards ...
Is Cannabis Really A Gateway Drug?
LOS ANGELES- According to a recent study by researchers from the University of Minnesota, CU Boulder, and the CU Anschutz Medical Campus, legalizing recreational cannabis at the state level does not increase substance use disorders ...
