Legal Affairs
California Reinstates 15% Cannabis Excise Tax Through 2028
LOS ANGELES – A measure signed by Governor Gavin Newsom last month took effect on Wednesday, dialing back California's Cannabis excise tax to 15% and holding it steady at that level until at least the ...
Trump Video Fuels Cannabis Stock Surge, Yet Analysts Question Depth of Policy Shift
LOS ANGELES – A recent video posted by President Donald Trump on Truth Social, touting support for CBD products under the Farm Bill, triggered a sharp but fleeting uptick in valuations for major multi-state Cannabis ...
Ex-Curaleaf Executive Files Suit Alleging Ignored Warnings on Inventory Shortfalls at Illinois Facility
LOS ANGELES – A former compliance director for Curaleaf Holdings Inc. has filed a federal lawsuit accusing the Cannabis MSO of overlooking repeated alerts about missing inventory and unlicensed pesticide applications at its Illinois cultivation ...
Würk Integrates DailyPay’s On‑Demand Pay into Payroll Platform
LOS ANGELES- Würk, a provider of payroll, human resources, and compliance software for highly regulated industries—including cannabis and gaming—has integrated DailyPay’s on‑demand pay service into its existing payroll platform. The integration enables Würk’s clients to ...
9 in 10 Americans Favor Cannabis Legalization, Pew Research Center Poll Reveals
LOS ANGELES – A groundbreaking Pew Research Center survey conducted from January 27 to February 2, 2025, shows that 87% of Americans support legalizing cannabis, reflecting a seismic shift in public sentiment. The poll results, ...
Organigram Global Launches Collective Project THC Beverages in 25 U.S. States
TORONTO – Organigram Global Inc. (NASDAQ: OGI) (TSX: OGI), Canada’s leading cannabis company by market share, has made a significant stride into the U.S. market with the launch of its hemp-derived THC beverage brand, Collective ...
Brazilian App Turns Patient Adoption Into a Cannabis Data Asset
LOS ANGELES- Brazil’s health-tech startup Blis says its mobile platform now supports more than 300,000 registered patients, generates roughly R$2 million (about US$363,000) in monthly revenue and reaches users in more than 1,800 municipalities. By ...
California Reinstates 15% Cannabis Excise Tax Through 2028
LOS ANGELES – A measure signed by Governor Gavin Newsom last month took effect on Wednesday, dialing back California's Cannabis excise tax to 15% and holding it steady at that level until at least the ...
Trump Video Fuels Cannabis Stock Surge, Yet Analysts Question Depth of Policy Shift
LOS ANGELES – A recent video posted by President Donald Trump on Truth Social, touting support for CBD products under the Farm Bill, triggered a sharp but fleeting uptick in valuations for major multi-state Cannabis ...
Ex-Curaleaf Executive Files Suit Alleging Ignored Warnings on Inventory Shortfalls at Illinois Facility
LOS ANGELES – A former compliance director for Curaleaf Holdings Inc. has filed a federal lawsuit accusing the Cannabis MSO of overlooking repeated alerts about missing inventory and unlicensed pesticide applications at its Illinois cultivation ...
Curaleaf Announces $425 Million Private Placement of 8% Senior Secured Notes Due 2026
WAKEFIELD, Mass. - Curaleaf Holdings, Inc. (CSE: CURA / OTCQX: CURLF), an international provider of consumer products in cannabis, announced that it has received commitments for a private placement of 8.0% Senior Secured Notes due ...
HEXO Reports First Quarter 2022 Results and Launches New Strategic Plan, “The Path Forward”
GATINEAU– HEXO Corp (TSX: HEXO; NASDAQ: HEXO), a Canadian producer of cannabis products, today reported its financial results for the fiscal quarter ended October 31, 2021 (Q1’22), and announced “The Path Forward”, a new strategic ...
UCASU saved on cannabis property’s target price by 60% through due diligence
ATLANTA - UC Asset LP (OTCQX: UCASU) announced the company's management team has just concluded the phase I due diligence on a piece of cannabis property in Oklahoma, and already reduced the target price by ...
Pfizer Bets Big on Arena’s Portfolio Including Cannabinoids in $6.7 Billion Deal
NEW YORK–Pfizer Inc (PFE.N) said on Monday it would buy drug developer Arena Pharmaceuticals Inc (ARNA.O) for $6.7 billion in cash, to add a promising treatment candidate that targets diseases affecting the stomach and intestine.The $100 per ...
Malta Becomes First EU Country to Legalize Adult-Use Recreational Cannabis
VALETTA–Malta's parliament approved the legalization of cannabis and cannabis cultivation for personal adult-use or, as it's called in America, 'recreational' cannabis- a first in Europe, although other countries tolerate cannabis use. Malta's move comes weeks ...
Akerna Addresses Prohibited Use of “Cashless ATMs” in the Cannabis Industry
DENVER - Akerna Corp.(Nasdaq: KERN), an enterprise software company and the developer of the comprehensive technology infrastructure, ecosystem, and compliance engine powering the global cannabis industry, is providing the following information in response to investor ...
American Council of Cannabis Medicine Announces Proposed Medical Cannabis Legislation
WASHINGTON - Today the American Council of Cannabis Medicine (ACCM) announced its proposed draft federal legislation and the start of discussions with sponsors in the House and Senate. ACCM leadership expects to onboard initial sponsors ...
Aurora Cannabis Scores Highest Among Cannabis Corporate Boards
EDMONTON, AB - Aurora Cannabis Inc. (NASDAQ: ACB) (TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, is pleased to acknowledge the Company's increased ranking in The Globe and Mail's 2021 annual Report ...
Glass House Brands Secures US$100 Million Senior Secured Term Loan
LONG BEACH, Calif. and TORONTO - Glass House Brands Inc. (NEO: GLAS.A.U) (NEO: GLAS.WT.U) (OTCQX: GLASF) (OTCQX: GHBWF), announced that it has entered into a senior secured term loan agreement with a U.S.-based private credit ...
Dragonfly Biosciences UK Expects to Commence Trading under the Symbol DRF on the Australian Securities Exchange Ltd
LONDON - British Company, Dragonfly Biosciences UK, the makers of Dragonfly CBD to shelf range of CBD oils and skincare products, is excited to announce that its prospectus has been approved by the Australian Securities ...
The Green Organic Dutchman Announces Changes to Senior Sales Team Following Galaxie Acquisition
TORONTO - The Green Organic Dutchman Holdings Ltd. (CSE: TGOD) (US-OTC: TGODF), a global cannabis company announced changes to its senior sales team to drive forward sales strategies and accelerate the launch of the Company's ...
Cansortium Announces Exercise of Equity Cure Right
MIAMI - Cansortium Inc. (CSE: TIUM.U) (OTCQX: CNTMF), a cannabis company operating under the Fluent™ brand, today provided notice that it has exercised its first equity cure right under its previously announced $71 Million Credit ...
ALM Announces New Course on Managing the Risks of Cannabis-Related Businesses
NEW YORK - The National Underwriter Company, an ALM business, is launching the second course in the multi-course Cannabis Insurance Coverage Specialist (CICS) designation, Managing the Risks of Cannabis-Related Businesses. "We know that there are ...
Botanacor Receives PH&S’ and ASTM’s “CANNQ/HEMPQ Program Certification”
DENVER - The Policy Center for Public Health & Safety (PH&S) and ASTM International, a global standards organization, have awarded Colorado-based Botanacor Laboratories with ASTM's CANNQ/HEMPQ Program Certification. Botanacor leads the hemp industry in consistent ...
Ketamine and 2 Pounds of Psilocybin Seized by Police in Fortuna; One Arrested
LOS ANGELES- (Editor) This is a press release from the Fortuna Police Department. On Wednesday, December 8th 2021, at about 3 PM, a narcotic search warrant was served in the 2600 block of Kenmar Road, ...
Dispensary founded to build wealth for 21 entrepreneurs from South LA
LOS ANGELES - Dispensary concept Sixty Four & Hope today announced the opening of its second of 21 locations owned by social equity cannabis licensees from South Los Angeles. The wellness-focused, culture-rich cannabis store named ...
Select Revolutionizes the Edible Experience with Select X Bites
WAKEFIELD - Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF), an international provider of consumer products in cannabis, today launched Select X Bites, one of the first edibles on the market designed to have a faster ...
The Valens Company to Begin Trading on Nasdaq Capital Market
KELOWNA, BC - The Valens Company Inc. (TSX: VLNS) (Nasdaq: VLNS), a manufacturer of cannabis products, announceD that the Company's application to list its common shares on Nasdaq Capital Market has been approved. The Company's ...
Cannabis Lifestyle Brand LEUNE Cannabis Products are Available in Arizona, as Part of New State Expansion
LOS ANGELES - LEUNE, a cannabis lifestyle brand beloved by the modern-day, conscious Cannabis Consumer, announced a new expansion into Arizona today. Previously, LEUNE cannabis products had only been available in California. This rollout is ...
Enjoy Hemp Launches New Line of Gummies With Delta-9 THC
MIAMI - Enjoy Hemp, premium hemp-derived products designed for customers to "enjoy life" how they choose, has launched a line of Delta-9 THC gummies, available in four different effects: Boost, Chill, Euphoria and Zen. Consumers ...
Cannara Biotech Inc. Reports Fourth Quarter and Fiscal Year 2021 Results
MONTREAL - Cannara Biotech Inc. (TSXV: LOVE) (OTCQB: LOVFF) (FRA: 8CB), a producer of premium-grade cannabis and derivative products with two mega cultivation facilities based in Québec spanning over 1,650,000 sq. ft., today announced its ...
Panaxia and Neuraxpharm – to sell medical cannabis extracts for vaporization in Europe
DÜSSELDORF, Germany and TEL AVIV, Israel - Panaxia Labs Israel Ltd. (TASE: PNAX), a global pharma company that develops, manufactures and markets advanced medical cannabis-based products in pharmaceutical quality, and Neuraxpharm, Europe's pharma company in ...
Cannformatics Announces Publication of Study Identifying Cannabis-Responsive™ Biomarkers in Children with Autism Spectrum Disorder
SAN FRANCISCO Study results indicate the potential of Cannabis-Responsive biomarkers as a powerful tool in quantifying, at the metabolic level, the benefits of successful medical cannabis treatment in children with ASD. Study results also show the potential ...
Delta Agriculture President Named Co-chair of NIHC Government Affairs Committee
WASHINGTON - Delta Agriculture president Graham Owens has been named co-chair of the Government Affairs Committee of the National Industrial Hemp Council of America (NIHC). Rick Fox, CEO and Founder of Meristem Farms, remains as ...
AlphaRoot Launches Management Liability Insurance Program Calibrated to the Cannabis Industry
NEW YORK - BRP Group, Inc. (NASDAQ: BRP), an independent insurance distribution firm delivering tailored insurance solutions, announced the launch of the AlphaRoot management liability insurance program calibrated to the cannabis, hemp and CBD industries ...
