Legal Affairs
High-Potency Cannabis Strains Impact Legal and Health Systems
LOS ANGELES— The expansion of high-potency cannabis products—such as concentrated extracts, edibles, and potent vaping liquids is increasingly challenging health-care facilities and legal systems across North America. Emergency departments in the U.S. and Canada report ...
New Zealand Approves Psilocybin for Medicinal Use
LOS ANGELES— New Zealand’s government has authorized the prescription of psilocybin, the psychoactive compound found in so‑called “magic mushrooms,” for patients with treatment‑resistant depression. This marks the first time psilocybin has been approved for medical use ...
Psyence Group Inc. Announces C$600,000 Private Share Offering
LOS ANGELES— Psyence Group Inc. a biotechnology firm focused on nature-derived psilocybin for mental health and palliative care, has announced a non-brokered private placement to raise up to C$600,000. The offering, detailed in a news ...
Federal Cannabis Trafficking Cases Reach Record Low
LOS ANGELES- The U.S. Sentencing Commission's 2024 Sourcebook of Federal Sentencing Statistics reveals a continued decline in federal cannabis trafficking cases. In 2024, fewer than 500 individuals were charged, marking a significant decrease from nearly ...
Blueberries Medical Corp. Secures C$1.05 Million in Private Placemen
LOS ANGELES- Blueberries Medical Corp, a Latin American producer of medicinal cannabis and cannabis-derived products, has announced a non-brokered private placement, raising approximately C$1.05 million (US$740,000). The financing involved the sale of 96,064,935 common shares ...
Virginia Governor Vetoes Cannabis Retail Market and Assault-Style Weapons Ban
LOS ANGELES- Virginia Governor Glenn Youngkin has vetoed legislation aimed at establishing a regulated cannabis retail market and implementing a ban on assault-style weapons. These decisions are part of a series of 157 vetoes issued ...
Australian MP Proposes Cannabis Decriminalization
LOS ANGELES- An Australian Member of Parliament has introduced a proposal to decriminalize the possession of small quantities of cannabis, a move that has sparked significant discussion regarding the country's drug policies and their economic ...
High-Potency Cannabis Strains Impact Legal and Health Systems
LOS ANGELES— The expansion of high-potency cannabis products—such as concentrated extracts, edibles, and potent vaping liquids is increasingly challenging health-care facilities and legal systems across North America. Emergency departments in the U.S. and Canada report ...
New Zealand Approves Psilocybin for Medicinal Use
LOS ANGELES— New Zealand’s government has authorized the prescription of psilocybin, the psychoactive compound found in so‑called “magic mushrooms,” for patients with treatment‑resistant depression. This marks the first time psilocybin has been approved for medical use ...
Psyence Group Inc. Announces C$600,000 Private Share Offering
LOS ANGELES— Psyence Group Inc. a biotechnology firm focused on nature-derived psilocybin for mental health and palliative care, has announced a non-brokered private placement to raise up to C$600,000. The offering, detailed in a news ...
Patients with Chronic Back Pain Reduce Their Opioid Use Following Initiation of Medical Cannabis Therapy
PHILADELPHIA- (NORML) Patients suffering from chronic back pain reduce their use of prescription opioids and report improvements in their condition following medical cannabis treatment, according to longitudinal data published in the journal Cureus. Investigators affiliated with Thomas Jefferson ...
Mississippi Becomes 37th State to Legalize Medical Cananbis
JACKSON, Mississippi — Mississippi has legalized medical cannabis for those suffering from terminal illnesses like cancer, AIDS, and sickle cell disease. Gov. Tate Reeves, a Republican, signed the bill on Wednesday, and it went into ...
The Cannabinoid Derived Pharmaceutical Market worth US$ 11.2 Billion by 2030
JERSEY CITY, N.J. - The newly published report titled "Global Cannabinoid Derived Pharmaceutical Market – By Trends, Industry Competition Analysis, Pipeline Analysis, COVID-19 Analysis, Revenue (US$ Millions) and Forecast Till 2030." features detailed industry analysis ...
Avicanna Provides Q4-2021 Results Fiscal 2022 Outlook
TORONTO - Avicanna Inc. (TSX: AVCN) (OTCQX: AVCNF) (FSE: 0NN), an innovative, commercial-stage, and international biopharmaceutical company focused on the development, advancement, and commercialization of evidence-based, cannabinoid-based products, is pleased to provide fourth quarter 2021 ...
Delta 9 Announces Commitment Letter for $32 Million Non-Dilutive Credit Facility
WINNIPEG, Manitoba- DELTA 9 CANNABIS INC. (TSX: DN) (OTCQX: DLTNF) announced that it has entered into a binding commitment letter with connectFirst Credit Union Ltd. for $32 million in credit facilities. The Proposed Credit Facilities ...
Agrify Acquires Lab Society
BILLERICA, Mass. - Agrify Corporation (Nasdaq:AGFY), the most innovative provider of cultivation and extraction solutions for the cannabis and hemp industry, announced it has acquired Lab Society, a distillation and solvent separation solutions for the ...
Consumer Interest Continues to Rise as CBD Sales Expected to Reach $16 Billion By 2026
PALM BEACH, Fla. - FinancialNewsMedia.com News Commentary - Brightfield Group recently released a report on the sales of cannabidiol (CBD) in the United States. According to the report, sales of CBD reached $5.3 billion in ...
Awakn Life Sciences Signs MoU With MAPS
TORONTO– Awakn Life Sciences Corp. (NEO: AWKN) (OTCQB: AWKNF) (FSE: 954), a biotechnology company developing and delivering psychedelic therapeutics to treat Addiction, announced earlier this month that it has signed a Memorandum of Understanding with ...
Repsly Announces New Retail Technology Partnership with Curaleaf
BOSTON - Repsly, a retail technology platform, announced it has entered into a technology partnership agreement with Curaleaf (CSE: CURA / OTCQX: CURLF), an international provider of consumer products in cannabis. This agreement will support ...
Trulieve Celebrates Statewide Retail Rebrand in Maryland
TALLAHASSEE, Fla. - Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF), a cannabis company in the United States, is hosting a statewide celebration commemorating the re-branding of its Maryland retail locations, formerly branded as Harvest. On ...
Phylos Closes $7.6 Million in Funding to Scale Market-Validated Cannabis and Hemp Genetics
PORTLAND, Ore. - Phylos®, a modern crop science company developing advanced Cannabis and hemp genetics, announces the close of its growth funding round totaling $7.6M led by Merida Capital Holdings. Other major investors in the ...
GenTech & Conquer Scientific Combine to Become Global Leader in Used & Refurbished Scientific Instruments
BUFFALO, N.Y.– Purity Scientific LLC, a parent company of GenTech Scientific which is a leading provider and servicer of refurbished scientific instruments, announced that it has acquired Conquer Scientific. The acquisition combined two industry leaders, allowing ...
Behind The Scenes: Bespoke Financial: Funding the Future of Cannabis
LOS ANGELES–In a relatively short period of time, Bespoke Financial has established itself as the nation’s first cannabis-focused fintech lending platform. They’ve been in the news lately because they recently secured a new $125 million ...
Verano to Enter New York, Minnesota & New Mexico Markets with Proposed Acquisition of Goodness Growth Holdings
CHICAGO-- Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) and Goodness Growth Holdings, Inc. (CSE: GDNS) (OTCQX: GDNSF) are pleased to announce that they have entered into a definitive arrangement agreement to which Verano will acquire ...
Registration for Cannabis Training at Kalamazoo Valley Community College Now Open
KALAMAZOO - Registration is now open for Kalamazoo Valley Community College's three cannabis certificate programs. The college announced the addition of the programs last month in an effort to provide job skills training for those ...
TobaGrown to Launch Not-For-Profit Legal Cannabis Products In Manitoba
WINNIPEG, MB - TobaGrown has been fighting for the right for Manitobans to be able to legally grow their own Federally legal cannabis for the last two years in a Constitutional Challenge against the Manitoba ...
Decibel Announces Closing of its $54 Million Debt Refinancing with connectFirst Increasing its Access to Debt by $20 Million
CALGARY, AB - Decibel Cannabis Company Inc. (TSXV:DB) (OTCQB:DBCCF), a cannabis producer, is pleased to announce that it has closed its previously announced financing with connectFirst Credit Union Ltd. in respect of $54 million of ...
Canna Advisors Expands Headquarters to New York & Celebrates with Launch of Inaugural “Pitch Deck” Competition
NEW YORK - Canna Advisors, industry in advisory services for cannabis business development, announced the expansion of their corporate headquarters to New York, NY– supplementing the company's established presence in Boulder, CO. Coinciding with the ...
ANAB Launches Cannabis Certificate Accreditation Program, Providing Quality Assurance to Consumers and Industry
NEW YORK - As part of its long-term effort to support safety, quality, and consumer health amid the continued growth of the cannabis industry, the ANSI National Accreditation Board (ANAB), a wholly owned subsidiary of ...
The Green Organic Dutchman Appoints New Chief Financial Officer
TORONTO - The Green Organic Dutchman Holdings Ltd. (CSE: TGOD) (US-OTC: TGODF), a global cannabis company announced the appointment of Ms. Nichola Thompson to the position of Chief Financial Officer of the Company. A finance ...
Cannachange: A New Solution to Increase Sustainability in the Cannabis Industry
LOS ANGELES– (EDITOR: We invited O'Neil Rudolph, the CEO of cannachange to discuss her new business, we thank her for her contributions and insights she shares in this article). The Cannabis Industry produces over 150 ...
The Valens Company to Host Investor Day
KELOWNA, BC - The Valens Company Inc. (TSX: VLNS) (NASDAQ: VLNS), a manufacturer of cannabis products, announced that it will host a virtual Investor Day on February 7, 2022, at 11:00 AM ET. Registration for ...
Schwazze Adds Key Hires to Senior Leadership Team
DENVER - Schwazze, (OTCQX: SHWZ), announced the addition of key roles to support the Company's significant expansion within manufacturing, cultivation, and information technology. As Vice President of Manufacturing and Supply Chain, David Kaufman joined the ...
Ayurcann Holdings Corp. Launches “Fuego” Vapes In Alberta And Announces Symbol Change on OTCQB Market
TORONTO- Ayurcann Holdings Corp. (CSE: AYUR) (OTCQB: AYURF) (FSE: 3ZQ0), a Canadian cannabis extraction company specializing in the processing and co-manufacturing of pharma grade cannabis and hemp to produce various derivative cannabis 2.0 products in ...
Leafy Tunnel Announces First Closing of Medical Cannabis & Psychedelics Fund
LONDON–Leafy Tunnel Ltd, an early stage venture capital firm which acts as the investment adviser to Leafy Tunnel Fund 1, has announced the first closing of its Guernsey-based fund that invests in medical cannabis and psychedelics. The investment strategy of ...
