Legal Affairs
Missouri Trade Group Report Finds 96% of Tested Hemp Products Exceed THC Thresholds
KANSAS CITY – A new investigation by the Missouri Cannabis Trade Association (MoCannTrade) has concluded that nearly all hemp-derived products sold at unregulated retailers in the state contain illegal levels of THC, raising questions about ...
New Mexico Cannabis Market Edges Toward $2B in Total Sales
ALBUQUERQUE – New Mexico's Cannabis industry has recorded $1.9 billion in combined medical and adult-use sales since recreational legalization took effect in April 2022, according to the latest figures from the state’s Regulation and Licensing ...
Fairfax Bank Retreats from Servicing Cannabis Businesses
FAIRFAX – MainStreet Bancshares Inc., a community lender with $2.2 billion in assets, has shelved its Cannabis banking program just eight months after unveiling it as a growth driver. The decision, disclosed by CEO Jeff ...
Playing to Win: How Strategy Really Works for Cannabis Leaders
LOS ANGELES -The Cannabis industry is filled with ambitious operators, visionary founders, and well-funded enterprises. Yet despite enormous energy and investment, many companies still struggle to answer the most fundamental question in business: what is ...
MSOs Confront Billions in Uncertain Tax Liabilities
LOS ANGELES – U.S. Cannabis operators continue to navigate the constraints of IRS Section 280E, which bars deductions for standard business expenses and drives up effective tax rates. Major multi-state Cannabis operators (MSOs) have leaned ...
Psilocybin Shows Promise for Traumatic Brain Injury Recovery
LOS ANGELES – A scientific review published in the journal Brain Sciences has outlined how psilocybin, the active compound in psychedelic mushrooms, might support recovery for individuals with traumatic brain injuries. The analysis, released in ...
Cannabis Companies Secure Extension in Federal Prohibition Case
WASHINGTON – The U.S. Supreme Court has extended the deadline for a group of Cannabis businesses to file a petition seeking review of their case against the Justice Department, which aims to strike down the ...
Missouri Trade Group Report Finds 96% of Tested Hemp Products Exceed THC Thresholds
KANSAS CITY – A new investigation by the Missouri Cannabis Trade Association (MoCannTrade) has concluded that nearly all hemp-derived products sold at unregulated retailers in the state contain illegal levels of THC, raising questions about ...
New Mexico Cannabis Market Edges Toward $2B in Total Sales
ALBUQUERQUE – New Mexico's Cannabis industry has recorded $1.9 billion in combined medical and adult-use sales since recreational legalization took effect in April 2022, according to the latest figures from the state’s Regulation and Licensing ...
Fairfax Bank Retreats from Servicing Cannabis Businesses
FAIRFAX – MainStreet Bancshares Inc., a community lender with $2.2 billion in assets, has shelved its Cannabis banking program just eight months after unveiling it as a growth driver. The decision, disclosed by CEO Jeff ...
Glass House Brands Closes Grover Beach and Lemoore Natural Healing Center Dispensary Acquisitions
LONG BEACH, CA and TORONTO, Sept. 8, 2022 Glass House Brands Inc. today announced that all local regulatory approvals have been obtained for Glass House's acquisition of the Natural Healing Center dispensaries located in Grover Beach and Lemoore, California, and that the ...
Ascend Wellness CEO Abner Kurtin Arrested & Charged With Battery in Florida
MIAMI- Abner Kurtin, the CEO of Ascend Wellness (CSE: AAWH), was arrested in Miami-Dade County. He was then charged with violence and freed yesterday after posting a $1,500 bond. A "stay away order" was issued, ...
MJUnpacked Announces Las Vegas Show This Month & Partnership with Clio Cannabis Awards
NEW YORK, May 25, 2022 – MJ Unpacked, the first cannabis CPG trade event designed to both drive commerce and integrate access to capital, has announced its return to Las Vegas on September 28-30, 2022 at the MGM Grand. Additionally, MJ Unpacked ...
Arkansas Medical Cannabis Sales Reach Record $23.7M in August
ARKANSAS, USA — Medical cannabis patients in Arkansas spent $23.27 million in August 2022 at the state's 38 dispensaries, according to the department of health. The ReLeaf Center in Bentonville was the dispensary with the second largest ...
Vertically Integrated Cannabis Company, The Nirvana Group, Expands into New Mexico
ALBUQUERQUE, N.M., Sept. 7, 2022 The Nirvana Group is joining New Mexico's surging licensed cannabis market: The Nirvana Group, premier seed to sale cannabis company founded in Tulsa, OK, will make its debut this fall, ...
San Francisco Decriminalizes Psychedelics & Entheogenic Plants
SAN FRANCISCO–A resolution that decriminalizes psychedelics and other "entheogenic plants" including magic mushrooms (psilocybin), ibogaine, and ayahuasca, which was proposed last month by Supervisors Dean Preston and Hillary Ronen, has been approved. In a stroke ...
Jushi Debuts Cannabis-Infused Chocolates by Tasteology
BOCA RATON, Fla. - Jushi Holdings Inc. (CSE: JUSH) (OTCQX: JUSHF), a multi-state cannabis operator, announced the launch of cannabis-infused chocolates by Tasteology in Massachusetts. The debut of the Company's latest product line, which has ...
Global Cannabis Market to Reach $148.9 Billion by 2031
Portland, OR - According to the report published by Allied Market Research, the global cannabis market generated $25.7 billion in 2021, and is projected to reach $148.9 billion by 2031, growing at a CAGR of ...
Cannabis Community College Announces a New Online Education Platform
LAS VEGAS - Cannabis Community College is pleased to announce the launch of its new online education platform, featuring high-value classes taught by industry experts. Students can take courses and get certified at their leisure ...
Halo Collective and Alpha Blue Ocean Agree to Early Termination of Loan and Convertible Debentures Agreements
TORONTO - Halo Collective Inc. (NEO: HALO) (OTCQB: HCANF) (Germany: A9KN) announced that it has entered into a termination agreement mutually agreed with Global Tech Opportunities 6, an investment fund managed by Alpha Blue Ocean, ...
Unity Rd. U.S. Cannabis Franchise Fuels 2022 Growth With New Market Expansion and Pending Transformative Acquisition
PHOENIX, Sept. 7, 2022 - Unity Rd National cannabis dispensary franchise in the U.S., has hit record-breaking milestones in 2022. From a pending acquisition that will expand the brand into the world's second largest cannabis market to ...
SEC, OCS and DOJ Investigate Dan Bilzerian’s Ignite Cannabis Company
TORONTO-Dan Bilzerian is under investigation by investigators from the US and Canadian governments. With more than 30 million followers on Instagram alone, Dan is regarded as the ''King of Instagram,'' but with the latest news, ...
Sproutly Announces Cease Trade Order
VANCOUVER, BC, Sept. 6, 2022 Sproutly Canada, Inc. Sproutly announced today that, the British Columbia Securities Commission has issued a general "failure to file" cease trade order pursuant to National Policy 11-207 – Failure to File ...
The Green Organic Dutchman Closes Sale Of HemPoland Subsidiary
TORONTO, Sept. 6, 2022 The Green Organic Dutchman Holdings Ltd. is pleased to announce that it has closed the sale of its Polish subsidiary, HemPoland sp. Under the terms of a share purchase agreement, TGOD ...
Tilray Initiates Roundtable With German Regulators to Kick-Off Draft Legislation to Legalize Adult-Use Cannabis in Germany
BERLIN - Tilray Brands, Inc. (Nasdaq: TLRY; TSX: TLRY), global cannabis and consumer packaged goods company, today announced that the Company has initiated a policy roundtable with German regulators on adult-use cannabis legalization in Germany. ...
Global Cannabis Concentrate Market Size Worth $18.5 Billion by 2030 at a 25.04% CAGR
Sandy, United States - Custom Market Insights has published a new research report titled “Cannabis Concentrate Market Size, Trends and Insights By Type (Live Resins, Wax, Oil, Chatter, Vape), By End User (Medical, Recreational Next, ...
Generation Hemp Officially Launches Gas Monkey Spill-Jack Hemp Product Line
DALLAS, Sept. 6, 2022 Generation Hemp, Inc., in collaboration with Richard Rawlings' Gas Monkey Garage, today announced the official launch of its Gas Monkey Spill-Jack consumer goods hemp product line. Gas Monkey Spill-Jack is an ...
Wild Theory Announces Strata Full Spectrum CBD + THC Gummies with 0.3% THC
MADISON, Wisc., Sept. 2, 2022 Wild Theory CBD Co., a family-owned CBD company in Madison, Wisconsin, is thrilled to announce its latest and most potent CBD product: Strata Full Spectrum CBD + THC Gummies. The ...
United States Cannabinoids Market Analysis Report 2022-2030
The U.S. cannabinoids market size is expected to reach USD 60.4 billion by 2030 and is expected to expand at a CAGR of 16.2% Growing awareness regarding the health benefits provided by cannabinoids and the ...
Good Supply Launches New High-Potency Product Drop and Unveils Exclusive Orange Frost Live Resin
TORONTO - Tilray Brands, Inc. (Nasdaq: TLRY; TSX: TLRY), a leading global cannabis-lifestyle and consumer packaged goods company inspiring and empowering the worldwide community to live their very best life today announced the expansion of ...
TREES RECEIVES LICENSE TO OPERATE IN BRITISH COLUMBIA, AND COMMENCES WITH CLOSING OF 5-STORE B.C. ASSET ACQUISITION
TORONTO, Sept. 2, 2022 Trees Corporation is pleased to announce that it is now provincially licensed to operate in British Columbia, having received due diligence approval from the British Columbia Liquor and Cannabis Regulation Branch. ...
Curaleaf Annual Meeting of Shareholders Reminder
WAKEFIELD, Mass., Sept. 2, 2022 Curaleaf Holdings, Inc. a provider of consumer products in cannabis, reminds its shareholders that its annual meeting (the "Meeting") will be held on September 8, 2022 at 2:00 p.m. (Eastern ...
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 ...
