Legal Affairs
Lebanon Legalizes Cannabis, Forms Oversight Body, Targeting $1B in Annual Revenue
BEIRUT – In a significant step forward in leveraging its Cannabis sector for economic relief, the Lebanese government established a dedicated committee to regulate the cultivation and sales of Cannabis under a long-dormant 2020 law. ...
Verano Shareholders Approve Corporate Home Relocation to Nevada
CHICAGO – Verano Holdings Corp. secured strong backing from investors to move its parent company's legal base from British Columbia, Canada, to Nevada. The approval came during a special shareholder meeting, clearing a key hurdle ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – Executives and operators in the Cannabis and psychedelics sectors wrapped up another fortnight with a mix of regulatory headwinds, financial maneuvers, and market validations that underscore the sector's resilience. From bipartisan efforts ...
Glass House Brands Tightens Up Compliance After ICE Raids Shake Operations
LOS ANGELES – Glass House Brands Inc. has swiftly moved to strengthen its compliance protocols following federal immigration raids on two of its California farms on July 10. Conducted by U.S. Immigration and Customs Enforcement ...
Canada’s Cannabis Industry Defies Economic Odds
TORONTO – In a striking contrast to Canada’s faltering economy, the legal Cannabis industry continues to flourish, bolstering the nation’s GDP while other sectors struggle. Statistics Canada reports that the licensed cannabis sector grew by ...
Cannabis Giants Grapple with Weak ROIC, Viridian Report Finds
LOS ANGELES – A recent analysis by Viridian Capital Advisors paints a somber picture for the Cannabis industry, projecting that none [!] of the 11 major companies studied will achieve a Return on Invested Capital ...
Aurora Cannabis Inc. Reports 93% Sales Surge & Focus on Medical Market Dominance
OTTAWA – Aurora Cannabis Inc. (ACB), a leading Canadian cannabis producer, has reported a 93% jump in sales for its latest quarter, cementing its position in the medical cannabis market. The Edmonton-based company’s financial results, ...
Lebanon Legalizes Cannabis, Forms Oversight Body, Targeting $1B in Annual Revenue
BEIRUT – In a significant step forward in leveraging its Cannabis sector for economic relief, the Lebanese government established a dedicated committee to regulate the cultivation and sales of Cannabis under a long-dormant 2020 law. ...
Verano Shareholders Approve Corporate Home Relocation to Nevada
CHICAGO – Verano Holdings Corp. secured strong backing from investors to move its parent company's legal base from British Columbia, Canada, to Nevada. The approval came during a special shareholder meeting, clearing a key hurdle ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – Executives and operators in the Cannabis and psychedelics sectors wrapped up another fortnight with a mix of regulatory headwinds, financial maneuvers, and market validations that underscore the sector's resilience. From bipartisan efforts ...
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 ...
New Study Explores Medical Cannabis Use Among Canadian Veterans
TORONTO - CannCorps, an ongoing study of cannabis use among Canadian Veterans, led by researchers at McGill University has revealed some important findings after less than one month. The online survey allows participants to anonymously ...
Goodness Growth Holdings Launches New Line of Cannabis Edibles
MINNEAPOLIS - Goodness Growth Holdings, Inc. (CSE: GDNS; OTCQX: GDNSF), a physician-led, science-focused cannabis company and IP developer, announced the launch of HiColor™ gummies and availability in Maryland through the Company's wholesale and retail channels. ...
Pathway Health Corp. Announces Collaboration Agreement with Metro Ontario Pharmacies Limited
TORONTO - Pathway Health, Corp. (TSXV: PHC) announced that it has signed a Collaboration Agreement with Metro Ontario Pharmacies Limited, a subsidiary of Metro Inc. (TSX: MRU), pertaining to the implementation of Pathway's Medical Cannabis ...
GemmaCert Strengthens IP with New US Patent for Cannabis Testing
TEL AVIV, Israel - GemmaCert Ltd. announced the expansion of its patent portfolio, demonstrating its ongoing commitment to innovation of the cannabis testing industry. Earlier it received a notice of allowance by the United States ...
Boston Hemp Explains HHC And Its Effects
BOSTON - HHC is the new wave of hemp derived cannabinoids of the nation. Local health and wellness shops, smoke shops, and convenient stores are starting to stock up as online shops like Boston Hemp ...
UCASU announces LOI to acquire $2.2 mllion Cannabis Property in Oklahoma
ATLANTA - UC Asset LP (OTCQX: UCASU) announced the firm has signed LOI with an Oklahoma cannabis property owner and licensed medical marijuana grower, to acquire its property, including all on-ground structures, for a consideration ...
PBG BioPharma Labs Receive ISO/IEC 17025 Accreditation
LEDUC, AB - PBG BioPharma Inc., (PBG), a Phytochemical Biopharmaceutical Group company, announced that it has received ISO/IEC 17025 accreditation issued by the Canadian Association for Laboratory Accreditation (CALA) for the testing of cannabis and ...
Reps. Dave Joyce and Alexandria Ocasio-Cortez Introduce Legislation To Expunge Marijuana Records
WASHINGTON, D.C. – (NORML) Representatives Dave Joyce (R-OH) and Alexandria Ocasio-Cortez (D-NY) introduced legislation to incentivize state and local governments to expunge the criminal records of tens of millions of Americans who have previously been ...
United States Hemp Building Foundation Brings the Future of Construction to Alabama
NASHVILLE, Tenn. - As the world focus falls on COP26 and the urgent need to take drastic action to decrease our collective carbon footprint, the hemp building industry is poised to take a role. The ...
Kona Gold Beverage, Inc. Launching New Sparkling Lemonade in Q1 of 2022
MELBOURNE, FL - Kona Gold Beverage, Inc. (OTCQB: KGKG), a holding company focused on product development in the better-for-you and hemp and CBD functional beverage sector, announced it has developed and will be launching a ...
GrowGeneration Relocates to New 25,000 Sq. Ft. Super Hydroponic Garden Center in Phoenix, Arizona
DENVER - GrowGeneration Corp. (NASDAQ: GRWG), the company specialty hydroponic and organic garden centers, today announced the relocation of its Phoenix, Arizona store. The new 25,000 sq. ft. Super Hydroponic Garden Center is in the ...
High Tide Announces At-The-Market Facility of up to CAD$40,000,000 for Strategic Initiatives
CALGARY, AB - High Tide Inc. (TSXV: HITI) (NASDAQ: HITI) (FSE: 2LYA), a retail-focused cannabis company with bricks and mortar as well as global e-commerce assets, announced it has established an at-the-market equity offering program ...
Analysis: Financing Adaptogenic Mushroom Companies: Seven Basic Regulatory Points to Understand
LOS ANGELES–Aside from a small number of companies the FDA has permitted to pursue the development of psilocybin therapies (e.g., Compass), the majority of psychedelic mushroom sales in the U.S. currently violate both state and ...
Mesohemp, a cosmetic containing hemp seed oil, launched in the US
SEOUL, South Korea - With hemp seed oil as the main ingredient, Koru Pharmaceuticals launched a new professional cosmetic line, Mesohemp. The firm's latest brand, Mesohemp, is a skincare range that contains a native Korean ...
Entheon Biomedical Provides Update on Clinical and Preclinical DMT Programs
VANCOUVER, B.C.– Entheon Biomedical Corp. (CSE: ENBI) (OTCQB: ENTBF) (FSE: 1XU1), a biotechnology company focused on developing psychedelic medicines to treat addiction, is pleased to provide an update on its upcoming human trial, EBRX-101 and ...
At 16.27% CAGR, Industrial Hemp Market Accounted for USD 3.91 Bn in 2020 says Brandessence Market Research
PUNE, India - According to Brandessence Market Research, the hemp industry projections are on a promising trajectory to grow at promising 16.27% CAGR during 2021-2027 period. The Industrial hemp market forecast estimated that industrial hemp ...
CBD Kratom Heads West in New York City
ST. LOUIS, - CBD Kratom will open its fifth New York City store, 2039-B Broadway in the Upper West Side with a soft store opening planned for today, December 3 followed by an official Grand ...
Humble & Fume Announces Sales and Distribution Partnership with PAX Labs, Inc. for PAX®-Branded Vape Devices in Canada
TORONTO - Humble & Fume Inc. (CSE: HMBL), a North American distributor of cannabis and cannabis accessories, announced that it has entered into a sales representation and distribution partnership with PAX Labs, Inc., a company ...
Dicalite Launches Two New Products Under the Harvest Hero Brand
WEST CONSHOHOCKEN, Pa. - Dicalite Management Group, LLC, introduced the second and third products from Harvest Hero, a brand of value-added soil amendments and growing media targeting the cannabis industry and overall horticultural market. Harvest ...
AMNESIA Media Launches Highlyte – AI-driven Software Platform
SAN FRANCISCO - Completing a successful $980,000 round of financing, AMNESIA Media announced the launch of its effortlessly compliant software client HIGHLYTE, the first platform to use artificial intelligence to ensure social media safety in ...
PHBI – Pharmagreen Announces Revenue Plan For Proprietary Cannabis Tissue Culture Technology
CARSON CITY, Nev. - Pharmagreen Biotech, Inc., (OTC Pink: PHBI), released a management update from CEO Peter Wojcik. The update is the first in a series of narratives breaking out the company's strategy as it ...
NEKTR Set to Become the First Pro-Medical Cannabis NFT Gaming Platform
RICHLAND, Wash. - At a time when most countries still maintain a tough legal regime prohibiting the use and supply of cannabis, NEKTR token is joining forces with other pro-cannabis communities to spread awareness about ...
