Legal Affairs
Cannabis Industry Eyes Quadrupled Growth Through 2033, Research and Markets Reports
LOS ANGELES – A new report from Research and Markets forecasts the global Cannabis market will expand from $39.1 billion in 2024 to $151.72 billion by 2033, reflecting a compound annual growth rate (CAGR) of ...
Curaleaf Secures $100M Revolving Credit Facility
STAMFORD – Curaleaf Holdings Inc. closed an expanded revolving credit agreement with Needham Bank, increasing its borrowing limit to $100 million from $40 million and extending the term to as long as five years. The ...
Planet 13 Expands Florida Footprint
LAS VEGAS – Planet 13 Holdings Inc., a vertically integrated Cannabis operator with cultivation, production, and retail operations in four states, launched its latest medical Cannabis outlet in DeLand, Florida. The store, situated in the ...
Cannabis Rescheduling Omitted from Cole’s Priorities, Raising Questions About Trump’s Stance
LOS ANGELES – In a surprising turn, newly appointed DEA administrator Terrance Cole has sidelined Cannabis rescheduling, despite pledging it as a top priority during his April 2025 Senate Judiciary Committee hearing. According to a ...
New York’s Licensing Blunder
NEW YORK – NY’s adult-use cannabis market, now boasting 436 licensed dispensaries [a 93-store increase since late 2024] has hit a snag. The Office of Cannabis Management (OCM) recently acknowledged a critical error in its ...
Massachusetts Psychiatric Society Backs Psilocybin Decriminalization in Historic Move
BOSTON – In a groundbreaking development for psychedelic policy reform, the Massachusetts Psychiatric Society (MPS) has publicly endorsed legislation to decriminalize psilocybin, marking the first time a branch of the American Psychiatric Association (APA) has ...
THC Levels Vary Across Plant Layers, Study Reveals
BRITISH COLUMBIA, CANADA – A landmark study published in Scientific Reports by researchers from Pure Sunfarms Corporation has provided the first in-depth analysis of total THC variability in greenhouse-cultivated Cannabis. The research tackles a critical ...
Cannabis Industry Eyes Quadrupled Growth Through 2033, Research and Markets Reports
LOS ANGELES – A new report from Research and Markets forecasts the global Cannabis market will expand from $39.1 billion in 2024 to $151.72 billion by 2033, reflecting a compound annual growth rate (CAGR) of ...
Curaleaf Secures $100M Revolving Credit Facility
STAMFORD – Curaleaf Holdings Inc. closed an expanded revolving credit agreement with Needham Bank, increasing its borrowing limit to $100 million from $40 million and extending the term to as long as five years. The ...
Planet 13 Expands Florida Footprint
LAS VEGAS – Planet 13 Holdings Inc., a vertically integrated Cannabis operator with cultivation, production, and retail operations in four states, launched its latest medical Cannabis outlet in DeLand, Florida. The store, situated in the ...
Lemonhaze Introduces Its Latest Crop of Elite Experiences for the Cannabis Industry
NEW YORK - It's time to get back to the green for more ways than one! Lemonhaze, architects of experiences connecting the cannabis space, have returned with a jam-packed 2022 roster of exclusively inclusive gatherings ...
Leafreport Launches a New Set Of CBD Calculators To Assist Consumers In Improving Purchase Decisions
TEL AVIV, Israel - Leafreport.com, the CBD industry's peer-reviewed watchdog website, announced the launch of four calculators designed to help consumers determine whether their CBD products' content matches their labels, discover their individualized dosage of ...
Saucey Farms & Extracts Partners With Higher Life CBD to Launch THC Products in the Metaverse
LOS ANGELES - This week, luxury cannabis brand Saucey Farms & Extracts and Higher Life CBD Dispensary have launched the first THC products available for purchase in the metaverse. The product offering expansion falls on ...
Global Legal Marijuana Market Size Projected to Rack Up USD 70.7 Billion By 2028
NEW YORK - Zion Market Research study, Legal Marijuana industry accrued revenue of about US$ 10.1 billion in 2020 and is anticipated to garner earnings of approximately US$ 70.7 billion by 2028. Moreover, Legal Marijuana ...
Analysis: New California Bill Seeking Cannabis Tax Breaks Opposed by Youth Groups Who Fear Losing Funding
SACREMENTO- While California Senator Mike McGuire introduced a tax relief bill on Tuesday aimed at helping the cannabis industry survive a potential market collapse, youth and social justice organizations across the state responded with a ...
Pocket-sized, Cannabis Beverage Drink Loud Launches in CA
LOS ANGELES - Cannabis beverage Drink Loud launches its tiny-but-mighty cannabis potion into dispensaries throughout California. Made with 100 milligrams of THC packed into a 1.8 ounce bottle using proprietary nanotechnology, Drink Loud is both ...
South America’s Cannabis Extraction Equipment to be installed outside Bogota, Colombia
BOGOTA, Colombia - CannabCo Pharmaceutical Corp. Colombia S.A.S. (CannabCo Colombia), a Colombia-based cannabis cultivator and manufacturer of medical cannabis products, is pleased to announce the procurement of an enhanced integrated extraction platform to be deployed ...
New York Bill Will Authorize Hemp Farmers and Processors to Cultivate and Process Cannabis
NEW YORK–On February 11, 2022, the New York Senate and Assembly put forth mirror image bills (A9283/S8084A) supporting legislation for conditional adult-use cultivator and processor licenses. This legislation is heading to Governor Hochul's desk for signature ...
Canadian Cannabis Entrepreneur Raises $1,500,000 for Ukraine With Saint Javelin
CHRISTIAN BORYS is a former journalist who spent half a decade in Ukraine before founding the creative agency Black Hawk. He is the creator a Saint Javelin, a viral fundraising initiative for victims of ...
Cannabis Products Global Market Report 2021
Dublin - Major players in the cannabis products market are Canopy Growth Corporation, Aphria Inc., Aurora Cannabis, Cara Therapeutics and GW Pharmaceuticals PLC. The global cannabis products market is expected to grow from $16.51 billion ...
Icanic Brands Announces Issuance of Cease Trade Order
VANCOUVER, British Columbia - Icanic Brands Company Inc. (TSXV: ICAN) is announcing today that it has been issued a Cease Trade Order by the British Columbia Securities Commission under National Policy 11-207. On November 30, ...
17 Organizations Issue Joint Open Letter to State Agriculture Leaders
CHAMPAIGN, Ill. - On February 9, 2022, 17 industry and regulatory organizations issued a joint open letter to state agriculture leadership, calling on them to support greater education and scientific research to ensure the safety ...
Schwazze Closes $6.7 Million Acquisition of Colorado Cultivation Grower Brow 2, LLC
DENVER - Schwazze, (OTCQX: SHWZ), announced that it has closed the transaction to acquire the assets of Brow 2, LLC, located in Denver, Colorado. The planned transaction includes a 37,000 square foot building and equipment ...
Cansativa Group Closes $15M Series B to Become the ‘Amazon’ of Cannabis for Europe
FRANKFURT, Germany - Cansativa Group today it has closed a $15M Series B investment. The funding round was led by Casa Verde with participation by Argonautic Ventures and Munich-based family office Alluti. This represents Casa ...
Cannabis Study Reveals Optimal Canopy Density for Highest Yield
PORTLAND, Ore. - Phylos® alongside its research and cultivation partner, Progressive Plant Research (PPR) have announced the results of their day-neutral cannabis density trial. The purpose of this study was to establish the effect of ...
Psyched Wellness Announces Key Findings from the 90-Day Oral Toxicity Study
TORONTO - Psyched Wellness Ltd. (CSE: PSYC) (OTCQB: PSYCF) (FSE: 5U9) a life sciences company focused on the production and distribution of artisanal functional and psychedelic mushrooms, is pleased to announce the key results from the ...
Item 9 Labs Corp. Announces First Quarter FY 2022 Financial Results
PHOENIX-- Item 9 Labs Corp. (OTCQX: INLB)—a vertically integrated cannabis dispensary franchisor and operator that produces premium, award-winning products—today reported operating and financial results for the three months ended December 31, 2021, the Company's first ...
Enveric Biosciences Announces Closing of $10 Million Public Offering
NAPLES, Fla. - Enveric Biosciences (NASDAQ: ENVB), a neuroscience company developing next-generation, psychedelic-inspired mental health and oncology treatments, today announced the closing of its previously announced underwritten public offering of 20,000,000 shares of its common ...
Microdose Psychedelic Insights Announces the Launch Of Microdose X – A Network of Locally Organized In-person Events
TORONTO - Microdose Psychedelic Insights, the leading guide to the business of psychedelics, is proud to announce the launch of Microdose X with the purpose of shifting the world's perception of psychedelic medicine, one city ...
Enveric Biosciences Announces Closing of $10 Million Public Offering
NAPLES, Fla.-- Enveric Biosciences (NASDAQ: ENVB), a neuroscience company developing next-generation, psychedelic-inspired mental health and oncology treatments, today announced the closing of its previously announced underwritten public offering of 20,000,000 shares of its common stock ...
Treez Continues Aggressive Growth Track with Announcement of Robust 2021 Results
SAN FRANCISCO -- Treez (www.treez.io), a private company and leading enterprise cloud commerce platform that streamlines retail and supply chain operations in the cannabis market, today announced highlights of its 2021 results, reflecting aggressive revenue ...
Ayr Wellness Closes Acquisition of Levia Cannabis Infused Seltzer
MIAMI - Ayr Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF), a U.S. multi-state cannabis operator, announced that it has closed the acquisition of Cultivauna, LLC, the owner of Levia branded cannabis infused seltzers and water-soluble tinctures. ...
Aleafia Health Reports Q4 2021 Financial Results with $11.5 Million Revenue
TORONTO - Aleafia Health Inc. (TSX: AH, OTCQX: ALEAF) report its financial results for the three and 12 months ended December 31, 2021. The Company’s 2021 unaudited, consolidated financial statements and management discussion and analysis ...
Cann, Raises $27M Series a to Fuel International Expansion
LOS ANGELES - Cann, cannabis-infused beverage company, announced a $27M Series A funding round coming from fresh institutional capital, existing investors like Imaginary Ventures doubling down, and a roster of new celebrity investors including Nina ...
Charlotte’s Web Exploring New CBD Beverage
DENVER - (TSX: CWEB) (OTCQX: CWBHF) Charlotte's Web Holdings, Inc., is exploring the entry into the CBD wellness beverage market with new CBD social elixirs currently under development with an expected launch date later in ...
