Legal Affairs
Trulieve Raises $60M in Senior Secured Notes
TALLAHASSEE – Trulieve Cannabis Corp. announced the completion of the second tranche of its private placement of 10.5% senior secured notes due in 2030, generating $60 million in principal. The closing follows the initial issuance ...
Canix Acquires Trym, Fits into Larger Consolidation Pattern in Cannabis
LOS ANGELES – San Francisco-based Canix, a provider of enterprise resource planning (ERP) software for Cannabis businesses, has acquired Trym, a specialized cultivation management platform. The deal combines Canix's comprehensive ERP system [which handles cultivation ...
Cannabis Cultivation Market Forecast to Reach $465B by 2030
LOS ANGELES – A recent report from Research and Markets projects the global Cannabis cultivation market to reach $464.91 billion by 2030, up from $207.46 billion in 2025, reflecting a compound annual growth rate (CAGR) ...
Cannabis-Infused Drinks Show Promise in Curbing Alcohol Use, New Research Finds
LOS ANGELES – A fresh analysis from researchers at the University at Buffalo suggests that adults turning to Cannabis-infused beverages often scale back their alcohol habits, including sharp drops in binge drinking. The findings, drawn ...
Verano Raises Credit Limit to $100M, Extending Repayment Deadline to 2029
CHICAGO – Verano Holdings Corp. disclosed an update to its revolving credit facility that lifts the available funds to $100 million and stretches the repayment deadline. The change adds $25 million to the prior $75 ...
Circle K Tests Hemp THC Waters in Texas
DALLAS – Circle K has begun stocking shelves with hemp-derived THC beverages at select Texas stores, marking the c-store chain's first foray into the state's market for intoxicating hemp products. The rollout, in partnership with ...
Is the Movement to Repeal Adult-Use Cannabis in Three States a Real Threat to Their Budgets?
NEW YORK – In a development that has raised eyebrows among industry watchers, advocacy groups in Massachusetts, Maine, and Arizona are pushing ballot measures to dismantle key elements of adult-use Cannabis programs, even as these ...
Trulieve Raises $60M in Senior Secured Notes
TALLAHASSEE – Trulieve Cannabis Corp. announced the completion of the second tranche of its private placement of 10.5% senior secured notes due in 2030, generating $60 million in principal. The closing follows the initial issuance ...
Canix Acquires Trym, Fits into Larger Consolidation Pattern in Cannabis
LOS ANGELES – San Francisco-based Canix, a provider of enterprise resource planning (ERP) software for Cannabis businesses, has acquired Trym, a specialized cultivation management platform. The deal combines Canix's comprehensive ERP system [which handles cultivation ...
Cannabis Cultivation Market Forecast to Reach $465B by 2030
LOS ANGELES – A recent report from Research and Markets projects the global Cannabis cultivation market to reach $464.91 billion by 2030, up from $207.46 billion in 2025, reflecting a compound annual growth rate (CAGR) ...
TerrAscend Exits Michigan Market; Bay City–Burton Dispensaries to Close
LOS ANGELES -TerrAscend Corp., a publicly traded multi-state cannabis operator, announced plans to exit its Michigan operations by September 2025. The decision includes closing 20 retail outlets, including dispensaries in Bay City and Burton, along ...
Vireo Growth and Curio Wellness Forge Partnership to Enter New York Market
LOS ANGELES- Vireo Growth Inc. and Curio Wellness have announced a manufacturing-and-distribution agreement aimed at introducing Curio’s Best Self Collection into New York’s licensed cannabis market. Vireo will leverage its existing infrastructure to produce and ...
Green Thumb Industries Schedules Q2 2025 Earnings Call for August 6
LOS ANGELES- Green Thumb Industries Inc., a cannabis consumer packaged goods company and operator of RISE dispensaries, announced on July 2 that it will release its second-quarter 2025 financial results after market close on Wednesday, August 6, ...
SAFER Banking Act Frozen as Lawmakers Tackle War and Budget Issues
LOS ANGELES – The Secure and Fair Enforcement Regulation (SAFER) Banking Act, a bipartisan effort to grant state-legal cannabis businesses access to traditional banking services, remains mired in political gridlock, overshadowed by competing legislative priorities. ...
Delaware Announced the Launch Date for Legal Cannabis Sales
LOS ANGELES – The First State is about to make history as recreational marijuana sales launch on August 1, 2025, transforming the state’s cannabis scene and sparking excitement from Wilmington to Rehoboth Beach. Starting this ...
California’s Cannabis Industry Faces Meltdown as New Tax Hike Begins
LOS ANGELES – California’s legal cannabis industry is sounding the alarm as a significant excise tax increase, which took effect on July 1, 2025, threatens to cripple an already struggling market. The excise tax on ...
Texas Broadens Medical Cannabis Access Amid THC Policy Shift
LOS ANGELES- Texas has enacted House Bill 46, expanding its Compassionate Use Program for medical cannabis. The law, effective September 1, adds qualifying conditions such as chronic pain, Crohn’s disease and traumatic brain injury. It raises the per‑dose ...
Cronos Expands Medical Cannabis Presence in Switzerland
LOS ANGELES- Cronos Group Inc. has entered the Swiss medical cannabis market through a partnership with Dascoli Pharma AG, a Zurich-based pharmaceutical distributor. The deal enables Dascoli to supply five varieties of the company's PEACE NATURALS branded ...
Nebraska Reverses Access to Botanical Cannabis Under Emergency Regulations
LOS ANGELES- Nebraska Governor Jim Pillen approved emergency rules on June 29, establishing a medical cannabis licensing framework effective immediately for up to 90 days. The regulations respond to Measure 438, approved by voters in November 2024, ...
Analysis: A Tale of Two Markets: U.S. Cannabis at a Crossroads as Global Momentum Builds — and Backtracks
LOS ANGELES-The U.S. cannabis industry stands divided. Some state markets are opening and expanding, while others are contracting under the weight of high taxes, regulatory friction, and unrelenting illicit competition. But across all markets, uncertainty ...
California’s Cannabis Tax Hike Could Break the Legal Market — Just as It Was Starting to Stabilize
LOS ANGELES- California's legal cannabis market, already strained by price compression, regulatory overload, and illicit competition, took another hit on July 1 as the state’s cannabis excise tax officially jumped from 15% to 19%. The ...
Analysis: California’s Cannabis Catastrophe: Why the July 1 Tax Hike Threatens an Already-Struggling Industry
LOS ANGELES-California's legal cannabis industry just got hit with a devastating blow. As of July 1, 2025, the cannabis excise tax jumped from 15% to 19% — a nearly 27% hike — pushing total taxes ...
Thai Cannabis Stores Face Uncertainty as Government Tightens Sales Regulations
LOS ANGELES- Thailand’s government has introduced a new order—published in the Royal Gazette on June 26, 2025—mandating that cannabis can now only be sold with a valid medical prescription from licensed practitioners. Cannabis buds have been reclassified ...
Cybin Secures Up to US $500 Million via Convertible Debentures to Fuel Clinical Growth
LOS ANGELES- Cybin Inc. has entered into a securities purchase agreement with High Trail Special Situations LLC to raise up to US $500 million through unsecured convertible debentures, aiming to strengthen its position in neuropsychiatric therapeutics ...
Atai and Beckley Psytech Report Positive Phase 2b Results for BPL‑003
LOS ANGELES- Atai Life Sciences and Beckley Psytech have announced positive topline results from their Phase 2b clinical trial of BPL‑003, an intranasal formulation of mebufotenin benzoate, in patients with treatment‑resistant depression (TRD). The multicenter, ...
iAnthus Reports Unanimous Approval at Annual General Meeting
LOS ANGELES- iAnthus Capital Holdings, a multi-state operator in licensed cannabis cultivation, processing, and retail, announced that its shareholders unanimously approved all items at the Annual General Meeting held on June 26, 2025. The approved resolutions included ...
Kentucky Nears Operational Start for Medical Cannabis Dispensaries
LOS ANGELES- Kentucky is approaching the launch of medical cannabis sales as state regulators complete final preparations for the opening of licensed dispensaries. Although the state’s medical cannabis law took effect on January 1, 2025, ...
Mike Tyson Urges Trump to Act on Cannabis Reform
LOS ANGELES- Boxing legend Mike Tyson, alongside athletes including Kevin Durant and Dez Bryant, has urged former President Donald Trump to pursue federal cannabis reform after accusing President Joe Biden of failing to deliver on ...
California Lawmakers Omit Cannabis Tax Relief from 2025 Budget
LOS ANGELES- California legislators did not include a freeze on the planned cannabis excise tax increase in the state’s 2025–26 budget, declining last-minute proposals to maintain the current 15% rate. The absence of this relief ...
AYR Wellness Delays Q1 2025 Filing
LOS ANGELES- AYR Wellness Inc. a vertically integrated multi-state cannabis operator in the U.S., has reported a delay in filing its interim financial statements, MD&A, and related CEO/CFO certification for the quarter ended March 31, ...
IM Cannabis Proposes $50 Million Mixed Securities Shelf to Bolster Funding
LOS ANGELES- IM Cannabis Corp. a Canada-based medical cannabis provider operating in Israel and Germany, has filed a registration statement for a mixed securities shelf worth up to USD 50 million. The filing, submitted June 26 to the ...
LIMS Market Projected to Hit $5.19 Billion by 2030
LOS ANGELES- The global Laboratory Information Management System (LIMS) market is forecast to grow from $2.88 billion in 2025 to $5.19 billion by 2030, reflecting a compound annual growth rate of 12.5%, according to a ...
Thailand Reverses Course on Recreational Cannabis
LOS ANGELES- Thailand's Public Health Ministry, under Minister Somsak Thepsuthin, has issued a directive banning recreational cannabis sales and reclassifying cannabis buds as a controlled herb in a major policy reversal after three years of ...
Verano Debuts Bodega‑Style Dispensary in Arizona
LOS ANGELES- Verano Holdings Corp. a multi‑state cannabis operator, has introduced a “bodega‑style” shopping format at its Zen Leaf Cave Creek dispensary in Phoenix. This innovative layout allows adult‑use consumers to browse and select products directly ...
Aurora Cannabis Refutes AI-Generated Deal Reports on Investing.com
LOS ANGELES- Aurora Cannabis Inc. has officially dismissed two recent articles published on Investing.com that falsely claimed the company entered into a $215 million acquisition of New Zealand’s MedLeaf Therapeutics and a strategic partnership with Germany-based ...
