Legal Affairs
Cresco Labs Reschedules Q1 2025 Earnings
LOS ANGELES- Cresco Labs Inc. has announced an updated schedule for its first quarter 2025 financial disclosures. The company will file its interim financial statements and Management’s Discussion and Analysis (MD&A) on Friday, May 30, ...
London Mayor Advocates for Decriminalization of Cannabis Possession
LOS ANGELES- London Mayor Sadiq Khan has endorsed recommendations from the London Drugs Commission (LDC) to decriminalize the possession of small quantities of natural cannabis for personal use. The LDC, established by Khan in 2022 ...
New Zealand Medicinal Cannabis Firms Propose Merger to Form Helius Health
LOS ANGELES- Three of New Zealand's medicinal cannabis companies—Helius Therapeutics, Green Leaf Group, and Elysian Group—have announced plans to merge into a single entity named Helius Health. The proposed consolidation aims to integrate the full ...
Emerging Policies Reshape the Psychedelics Industry
LOS ANGELES- The psychedelics sector is undergoing significant transformations due to evolving regulatory policies and scientific advancements that could redefine their therapeutic applications. A notable development occurred in August 2024 when the U.S. Food and ...
Arizona’s Cannabis Sales Experience Downturn in 2024
LOS ANGELES- In 2024, Arizona's combined medical and adult-use cannabis market saw a decline, with total sales amounting to $1.1 billion, a decrease from the nearly $1.3 billion recorded in both 2022 and 2023. The ...
New Jersey Governor Proposes Increase to Cannabis Social Equity Tax
LOS ANGELES- Governor Phil Murphy has proposed raising New Jersey's social equity excise fee on cannabis from $2.50 to $15 per ounce. This proposal aims to generate additional revenue for social service and violence intervention ...
Industrial Hemp Regulation Undergoing Comprehensive Review
LOS ANGELES- The regulatory framework governing industrial hemp is currently under extensive review, aiming to address emerging challenges and align with evolving industry practices. This initiative seeks to refine existing policies to better support the ...
Cresco Labs Reschedules Q1 2025 Earnings
LOS ANGELES- Cresco Labs Inc. has announced an updated schedule for its first quarter 2025 financial disclosures. The company will file its interim financial statements and Management’s Discussion and Analysis (MD&A) on Friday, May 30, ...
London Mayor Advocates for Decriminalization of Cannabis Possession
LOS ANGELES- London Mayor Sadiq Khan has endorsed recommendations from the London Drugs Commission (LDC) to decriminalize the possession of small quantities of natural cannabis for personal use. The LDC, established by Khan in 2022 ...
New Zealand Medicinal Cannabis Firms Propose Merger to Form Helius Health
LOS ANGELES- Three of New Zealand's medicinal cannabis companies—Helius Therapeutics, Green Leaf Group, and Elysian Group—have announced plans to merge into a single entity named Helius Health. The proposed consolidation aims to integrate the full ...
Lipidor submits new patent application and expands collaboration with Cannassure
STOCKHOLM - Lipidor AB (publ) (Nasdaq First North Growth Market: LIPI) announced that the collaboration agreement with Cannassure Therapeutics has expanded to include a new patent family covering new innovative AKVANO® topical compositions. Lipidor submitted ...
California’s Cannabis Delivery Service Introduced Management Services for Cannabis License Holders
IRVINE, Calif. - Rooted Group, having made up nearly 25% of all cannabis delivery services in California, is now aimed at helping already existing cannabis operators with their administrative and logistical infrastructure. Effective immediately, Rooted ...
Kiaro Announced Closing of $3.75 Million Brokered Private Placement
VANCOUVER - Kiaro Holdings Corp. (TSXV: KO) a Canadian cannabis retailer and distributor, announced that further to its news release on September 30, 2021, that it has completed the previously announced private placement of 3,759 ...
Cannabis Dispensary Josephine & Billie’s Opens Its Doors As a First-of-Its-Kind Retail & Educational Experience for Women of Color in Los Angeles
LOS ANGELES - Cannabis brand and retail concept Josephine & Billie's announced the official opening of its inaugural Los Angeles location. The first of its kind in the United States and officially opening to the ...
HCN Investigates: 7 Reasons Why Cannabis Is Flourishing in Israel
TEL AVIV - Highly Capitalized investigates the rise of cannabis in Israel. Israel has been a center of research and development for cannabis since the 1960's. Although, like every other country including the USA, Israel ...
Sunstream Provides $100MM Acquisition Credit Facility to Jushi Holdings
LOS ANGELES– Jushi Holdings, a vertically integrated, multi-state cannabis operator, entered into definitive documentation in respect of a $100 million senior secured credit facility from a portfolio company of SunStream Bancorp, a joint venture sponsored by ...
Patrick Atagi Named President and CEO of NIHC
WASHINGTON - The National Industrial Hemp Council (NIHC) Board of Directors announced that Patrick Atagi has been named President and CEO of the hemp industry's only Washington, D.C.-based trade association. The NIHC continues to grow ...
Medically Correct Launches New Line of Nové Luxury Gummies in Colorado
DENVER - Medically Correct, the edible company in Colorado and the makers of incredibles, released four new gummy flavors as part of new luxury edibles brand, Nové. Nové Luxury Gummies were developed to be an ...
Charlotte’s Web Launches Pet Chew for Dogs with Sensitive Skin
DENVER - (TSX: CWEB) (OTCQX: CWBHF) Charlotte's Web Holdings, Inc., the company in hemp extract products announced the newest addition to its pet product line: Charlotte's Web™ Skin Health & Allergy Support Chews for dogs ...
Wellfounded Botanicals and Scent Beauty launch CBD Fragrance
NEW YORK - Wellfounded Botanicals, an eco-friendly and woman-owned cannabis wellness brand launched a luxury CBD Eau de Parfum in partnership with Scent Beauty, Inc., a DTC-centric, omnichannel developer of a diversified portfolio of culturally ...
Dr. Hemp Launches E-Commerce Website
ONTARIO, Calif. - Dr. Hemp announced that they have launched their E-Commerce Website. Customers over the age of 21 can order CBD Pre-Rolls online and experience the difference. Dr. Hemp ensures customers get an enriching ...
Xebra’s Shares Now Listed on The Frankfurt Stock Exchange and Applications Submitted to Trade in The United States
VANCOUVER, BC - Xebra Brands Ltd. (CSE: XBRA) (FSE: 9YC), a cannabis company, announced it has commenced trading on the Frankfurt Stock Exchange under the trading symbol 9YC. The common shares of Xebra are now ...
Rise In Demand For Cannabis Is Expected To Continue Through 2027 Driving the Cultivation Industry
Palm Beach, Fl., - FinancialNewsMedia.com News Commentary - Recreational marijuana, medical marijuana and hemp cultivation has been steadily growing the last few years and is expected to continue for several years to come. The global ...
Luxembourg Becomes First Country in Europe to Legalize Adult-Use Cannabis
LUXEMBOURG CITY– The tiny country of Luxembourg is set to become the first European nation to legalize the growing and use of cannabis, the government announced in a statement on Friday. The new initiative allows for ...
CWCBExpo New York Conference: A Forum for Cannabis Businesses & Investors: November 4-6
NEW YORK– New York, and the tri-state area, is primed to become a business epicenter for the legalized cannabis and hemp industry, and the CWCBExpo (Cannabis World Congress & Business Exposition), November 4-6 at the ...
Balanced Health Botanicals™ Launches Synergy Collection
DENVER - Balanced Health Botanicals™ (BHB), a family of hemp-derived CBD brands including their flagship brand CBDistillery, announced the launch of their Synergy Collection, which consists of the brand's first ever CBD + Functional Mushroom ...
Curaleaf Announces Sale of Whole Flower in New York For Its Four Locations
WAKEFIELD, Mass. - Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) , an international provider of consumer products in cannabis, announced that its initial batches of New York whole flower have cleared testing by third party ...
Michigan Chamber of Commerce Applauds House Committee Approval of Michigan Cannabis Safety Act
LANSING, Mich. - The Michigan Chamber of Commerce applauded the House Regulatory Reform Committee's approval of the Michigan Cannabis Safety Act, which would help improve safety and ensure fairness in Michigan's growing cannabis industry. The ...
Delta Agriculture affirms it has no participation in the Delta-8-THC market
DALLAS - Delta Agriculture, the nation's industrial producer and processor of hemp raw goods, released the following comment regarding the Texas Department of State Health Services' (DSHS) recent clarification regarding Delta-8-THC, a compound derived from ...
High Life Farms Launches Nuggies in California
CHESANING, Mich. - High Life Farms, a multi-state cannabis company with operations in Michigan and California, announced that its best-selling line of Nuggies chocolate-covered pretzel edibles is now available in California. The product expansion marks ...
US millennials under 30 have spent $4.4 billion on cannabis in 2021
DENVER - Business intelligence from Akerna (Nasdaq: KERN), an enterprise software company analyzed the under 30 age range of cannabis consumers, a demographic that has consistently been ranked as the #2 purchasers of cannabis products ...
Trulieve Expands Access to Medical Cannabis in Miami with Three New Locations
TALLAHASSEE, Fla. - Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF), the multi-state operator (MSO) in the United States, announced the reopening of three medical marijuana dispensaries in Miami, Florida. The locations were formerly branded as ...
Nalu Bio Secures Global Supply Chain to Chemically Synthesize CBD
SAN FRANCISCO - Nalu Bio, Inc., developers of a proprietary chemical synthesis platform that produces pure, quality cannabinoids (CBD), announced partnerships with Curia Global and Grace Fine Chemicals, two contract research, development and manufacturing organizations ...
Village Farms’ Balance Health Botanicals Expands Product Portfolio with Launch of Synergy Collection
VANCOUVER, BC - Village Farms International, Inc. (NASDAQ: VFF) (TSX: VFF) announced its subsidiary, Balanced Health Botanicals™, a family of hemp-derived CBD brands, including its flagship brand CBDistillery™, has expanded its product portfolio with the ...
Anytime Fitness UK partners with 7NRG to support members’ recovery, sleep and endurance
LONDON - Anytime Fitness UK has partnered with global CBD sports nutrition brand 7NRG, to support its members with their recovery, sleep and endurance. 7NRG products will be available to Anytime Fitness UK's 180,000+ members ...
