Legal Affairs
Florida Takes Action to Advance Adult-Use Cannabis Ballot Measure, Lawsuit Ends Delay
TALLAHASSEE – Florida election officials cleared a procedural roadblock for a proposed constitutional amendment to legalize recreational Cannabis, submitting the measure to the state attorney general's office just weeks after advocates sued over perceived delays ...
Viridian Capital Advisors Reports Valuation Metrics for U.S. MSOs with Market Caps >$100M
LOS ANGELES – Multi-state cannabis operators in the United States are carrying valuation multiples that signal caution among investors, even as growth prospects brighten for the coming year. According to a fresh Weekly Valuation Report ...
OPINION: Industrial hemp just got ‘future proofed.’
NEW YORK- Industrial hemp just received the clearest signal yet that it's not a fad, not a loophole, and not going away. It was effectively declared “future proof.” When Congress passed the funding bill to ...
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 ...
Florida Takes Action to Advance Adult-Use Cannabis Ballot Measure, Lawsuit Ends Delay
TALLAHASSEE – Florida election officials cleared a procedural roadblock for a proposed constitutional amendment to legalize recreational Cannabis, submitting the measure to the state attorney general's office just weeks after advocates sued over perceived delays ...
Viridian Capital Advisors Reports Valuation Metrics for U.S. MSOs with Market Caps >$100M
LOS ANGELES – Multi-state cannabis operators in the United States are carrying valuation multiples that signal caution among investors, even as growth prospects brighten for the coming year. According to a fresh Weekly Valuation Report ...
OPINION: Industrial hemp just got ‘future proofed.’
NEW YORK- Industrial hemp just received the clearest signal yet that it's not a fad, not a loophole, and not going away. It was effectively declared “future proof.” When Congress passed the funding bill to ...
Colombian Government Passes Regulation to Enable Dried Flower Export
TORONTO, Canada and RIONEGRO, Colombia - PharmaCielo Ltd. (TSXV: PCLO) (OTCQX: PCLOF), the Canadian parent of Colombia's premier cultivator and producer of dried flower and medicinal-grade cannabis extracts, PharmaCielo Colombia Holdings S.A.S., welcomed the Colombian ...
Emerald Scientific Announces Leigh White as New CEO
SAN LUIS OBISPO, CA – Emerald Scientific, the cannabis industry’s most distinguished distributor of high-quality scientific supplies to cannabis testing laboratories, announced today the promotion of its Chief Financial Officer, Leigh White, to Chief Executive ...
Speakers to Present Groundbreaking Cannabis Research at Emerald Scientific’s 6th Annual Emerald Conference
SAN LUIS OBISPO, CA– Emerald Conference, the most technical cannabis conference in the industry, recently announced speakers, technical presentations, their new Quality Summit, and updates regarding the sixth annual conference, which is now just over a ...
Cronos Group Reports 2021 Third Quarter Results
TORONTO - Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON), announced its 2021 Third Quarter business results. The Audit Committee of the Company's Board of Directors has completed its evaluation of goodwill and indefinite-lived intangible assets ...
The Flowr Corporation Announces Listing of Four New Cannabis Strains Across Multiple Provinces
TORONTO - The Flowr Corporation (TSXV: FLWR, OTC: FLWPF) is pleased to provide an operational update on its Canadian operations and the progress in maintaining its status as a premium cannabis producer and making the ...
Curaleaf Expands Pennsylvania Retail Presence with Dispensary Openings in State College and Erie
WAKEFIELD, Mass. - Curaleaf Holdings, Inc. (CSE: CURA / OTCQX: CURLF), an international provider of consumer products in cannabis, today announced the opening of its State College dispensary, located at 1248 S Atherton St, State ...
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 ...
