Legal Affairs
MindMed Reports 2024 Financial Results and Advances in Clinical Trials
LOS ANGELES- of December 31, 2024, MindMed reported cash and cash equivalents totaling $273.7 million, up from $99.7 million at the end of 2023. This increase is attributed to equity financings totaling approximately $250 million ...
States Propose Cannabis Tax Hikes Amid Industry Pushback
LOS ANGELES- In Michigan, Governor Gretchen Whitmer's recent $3 billion infrastructure plan includes a proposal to close a cannabis tax loophole, potentially generating an additional $470 million for road repairs. This move has alarmed local ...
British American Tobacco Invests $86.8 Million in Organigram
LOS ANGELES- British American Tobacco (BAT), one of the world's largest tobacco companies, has finalized a strategic investment of approximately $86.8 million (C$124.6 million) in Organigram Holdings Inc., a prominent Canadian cannabis producer. This investment, ...
Worried About IRS Audits? What You Need to Know
LOS ANGELES– The cannabis and psychedelics industry is undergoing a remarkable transformation, and as we one step into 2025, the outlook is brighter than ever. With increasing legalization, growing consumer acceptance, and a burgeoning market ...
Psilocybin Therapy Shows Promise for Pandemic-Induced Depression in Healthcare Workers
LOS ANGELES- Recent studies indicate that psilocybin-assisted psychotherapy may alleviate depression among healthcare professionals affected by the COVID-19 pandemic. A randomized clinical trial conducted by the University of Washington involved 30 frontline clinicians experiencing moderate to ...
Efficacy of Medical Cannabis in Treating PTSD Remains Uncertain
LOS ANGELES- The use of medical cannabis as a treatment for post-traumatic stress disorder (PTSD) has garnered significant attention. However, current research provides limited and inconclusive evidence regarding its effectiveness. A 2021 systematic review found ...
Compass Pathways Advances Psilocybin Research in the UK
LOS ANGELES- Compass Pathways, a biotechnology company specializing in mental health innovations, has commenced the UK segment of its global Phase 3 clinical trial evaluating COMP360 psilocybin therapy for treatment-resistant depression (TRD). This initiative follows ...
MindMed Reports 2024 Financial Results and Advances in Clinical Trials
LOS ANGELES- of December 31, 2024, MindMed reported cash and cash equivalents totaling $273.7 million, up from $99.7 million at the end of 2023. This increase is attributed to equity financings totaling approximately $250 million ...
States Propose Cannabis Tax Hikes Amid Industry Pushback
LOS ANGELES- In Michigan, Governor Gretchen Whitmer's recent $3 billion infrastructure plan includes a proposal to close a cannabis tax loophole, potentially generating an additional $470 million for road repairs. This move has alarmed local ...
British American Tobacco Invests $86.8 Million in Organigram
LOS ANGELES- British American Tobacco (BAT), one of the world's largest tobacco companies, has finalized a strategic investment of approximately $86.8 million (C$124.6 million) in Organigram Holdings Inc., a prominent Canadian cannabis producer. This investment, ...
Khiron, Launches New Cannabis Products in Europe including Stellar Genetics from California
TORONTO, Sept. 1, 2022 Khiron Life Sciences Corp. Announces its new medical product portfolio in Europe. The new products, which are already being promoted to prescribers, pharmacies, and patients, will be exclusively distributed through Khiron's wholly-owned Pharmadrug Production ...
Glass House Brands Closes Initial Tranche of Non-Brokered Private Placement of Equity Securities
LONG BEACH, Calif. and TORONTO, Sept. 1, 2022 /CNW/ - Glass House Brands Inc. Today announced the closing of the first tranche of the previously announced non-brokered private placement (the "Offering") of Series B Preferred ...
National Cannabis Risk Prevention Services Names Andrew Hatch As Director of Product Safety; Launches Its Product Safety Risk Program
DURANGO, Colo., Aug. 31, 2022 A cannabis botanist has been named director of product safety for National Cannabis Risk Prevention Services, preparing the organization to launch and build a product safety program to serve the ...
Industrial Hemp Market Worth USD 3259.5 million by 2028
Pune - Industrial Hemp market research report is an expert’s analysis, which mainly includes companies, types, applications, regions, countries, etc. In addition, the reports give analysis on sales, revenue, trade, competition, and investment, forecast. Industrial ...
Addressing Cannabis-Impaired Driving: International Researchers to Help Inform Policy and Legislation Globally
OTTAWA - The International Council on Alcohol, Drugs & Traffic Safety (ICADTS) has released new tools summarizing the latest research about cannabis-impaired driving to help inform policymakers across countries. This series of fact sheets were ...
RXDco Puts Focus on Sustainable, Eco-Friendly Cannabis Packaging Solutions
JACKSON, N.J., Aug. 31, 2022 / RXDco, premium cannabis packaging company, innovators of unique, child-resistant containers and bags, is aiming to change how consumers think of packaging and fill a trending requirement in the Cannabis ...
Community College of Denver Announces Partnership with Green Flower to Provide Opportunities in Rapidly Growing Cannabis Industry
DENVER, Aug. 31, 2022 Community College of Denver (CCD) and Green Flower, through this new partnership, CCD will add three cannabis certificates to provide job skills training for those pursuing a cannabis career. The curriculum ...
Kiva Sales and Service Secures Distribution Partnership with Compound Genetics
LOS ANGELES, Aug. 30, 2022 Compound Genetics, today announced an exclusive partnership with Kiva Sales and Service (KSS), the industry-leading sales and distribution platform offering dispensaries a complete suite of curated best in class brands, ...
MariMed Introduces Nature’s Heritage “LIVE Flower,” The Freshest Cannabis Available
NORWOOD, Mass. - MariMed, Inc. (CSE: MRMD, OTCQX: MRMD), a multi-state cannabis operator focused on improving lives every day, announced the launch of Nature’s Heritage “LIVE Flower,” the freshest cannabis flower available. Nature’s Heritage “LIVE ...
HEXO to Produce Mike Tyson’s New Cannabis Brand, TYSON 2.0, in Canada
GATINEAU, Quebec - HEXO Corp. (TSX: HEXO; NASDAQ: HEXO), a producer of high-quality cannabis products, is pleased to announce that the Company has entered into an exclusive partnership with TYSON 2.0, entrepreneur and cannabis advocate ...
United States Cannabinoids Market Report 2022: A $60+ Billion by 2030
Dublin - The "U.S. Cannabinoids Market Size, Share & Trends Analysis Report by Product (Tetrahydrocannabinol (THC), Cannabidiol (CBD), Cannabigerol (CBG), Cannabichromene (CBC); Cannabinol (CBN)), and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering. ...
Happi Launches Cannabis-Infused Seltzer For Any Occasion in Maine
THOMASTON, Maine - Celebrate Labor Day by getting to know Happi, a new female-founded cannabis-infused seltzer making its way to Maine this weekend. Happi believes that health and happiness go hand-in-hand, and life's moments—both big ...
The 1937 Group – Vertically-Integrated Cannabis Company in Illinois – Secures $17M in Funding
CHICAGO, Aug. 30, 2022 The 1937 Group, Ltd. announced it recently secured $17M in new funding. The company closed a binding financing agreement with the private investment group, SGG Enterprises LLC. The funds will be used for ...
NORML Op-ed: Concerns Over High Potency THC Products Warrant Greater Education, Not Criminalization
LOS ANGELES- Those offering dire warnings about the alleged dangers of so-called ‘highly potent THC products’ – and demanding that these products be re-criminalized – are taking their cues from an age-old playbook. From the onset of ...
Remedy+ Announces Partnerships With Athletes And Wellness Advocates To Elevate Suite Of Natural, Plant-Based Products
FORT COLLINS, Colo., Aug. 30, 2022 Remedy Products LLC announce partnerships with a range of influential advocates, including Rosie Acosta, award-winning podcaster and holistic wellness author of You are Radically Loved; Florentina Hanisch and Ana Marija Zubori, current American Paddle ...
With 28% CAGR, Legal Cannabis Market Size to Hit $97 Billion by 2026
NEW YORK- According to Facts and Factors has published a new research report titled “Legal Marijuana Market by Product Type (Buds/marijuana Flower, Cannabis Extracts, Oil, Tinctures) & Others, Species (Cannabis Indica, Cannabis Sativa, Cannabis Hybrid), ...
Jushi Holdings Inc. Reports Second Quarter 2022 Financial Results
BOCA RATON, Fla. - Jushi Holdings Inc. (CSE: JUSH) (OTCQX: JUSHF), a multi-state cannabis operator, announced its financial results for the second quarter 2022 ended June 30, 2022. The Company became a U.S. reporting company ...
PBC publishes Cannabis Banking Directory as a Free Industry Resource
WASHINGTON, Aug. 29, 2022 "We need a bank - who will work with us?" is a common question across the cannabis industry. The Cannabis Banking Directory, published by the PBC Conference team, is a direct response to ...
The Value Cannabis Brand From Glass Brand From Glass House Brands – Launches First-Ever line of Vegan Cannabis Gummies
LONG BEACH, CA and TORONTO, Aug. 29, 2022 Glass House Brands Inc today launched an all-new line of vegan THC gummies under its value cannabis brand, Allswell, which serves as a uniting force to bring ...
Franchise Global Reports Second Quarter 2022 Financial Results; Revenues Increased by $13.1 Million YoY to $13.5 Million
VANCOUVER, BC, Aug. 26, 2022 Clifford Starke, Executive Chairman and Chief Executive Officer of Franchise Global, stated, "The Company's German reportable segment continued its momentum in the quarter. Our results reflect the stability of our ...
Hemp Bombs Adds to Award-Winning Gummies Lineup with New Delta-8 and Delta-9 Sleep Gummies
TAMPA, Fla., Aug. 26, 2022 Hemp Bombs, the manufacturer and distributor of award-winning CBD, Delta-8 THC and Delta-9 THC Gummies, announces its newest additions to its gummy line, Delta-8 Sleep Gummies and Delta-9 Sleep Gummies. These are the first ...
Medical Cannabis Market to Generate USD 54.34 Billion Globally by 2029
CHICAGO - Data Bridge Market research has recently issued comprehensive industry research on “Global Medical Cannabis Market” which includes growth analysis, regional marketing, challenges, opportunities, and drivers analyzed in the report. Key elements of this ...
StateHouse Holdings Inc. Reports Second Quarter 2022 Financial Results
SAN DIEGO and TORONTO - StateHouse Holdings Inc.(CSE: STHZ) (OTCQX: STHZF), a California-focused, cannabis enterprise, announced its financial results for the three and six months ended June 30, 2022, and provided additional business updates. The ...
New Study: Psilocybin Shows Promise Treating Alcoholism
LOS ANGELES- A recent study has been released that further adds to the growing body of research that shows psilocybin, the hallucinogenic component found in magic mushrooms, may be an effective treatment for alcohol addiction. ...
Abaca and Pacific Valley Bank Partner to Expand California Cannabis Banking Options
SALINAS, Calif., Aug. 25, 2022 Abaca, an industry-recognized financial platform for cannabis operators, and Pacific Valley Bank, are partnering to expand access to cannabis banking in the California market. For the first time since the ...
