Legal Affairs
Legal Status of Cannabis in Europe
LOS ANGELES- A growing number of European countries now permit the use, cultivation or sale of cannabis under regulated conditions, driven by evolving public policy and emerging economic opportunity. Germany legalized limited recreational use on ...
New Lawsuit Challenges Lottery Process for Kentucky Medical Cannabis Licenses
LOS ANGELES- A group of Kentucky-based applicants has filed a lawsuit arguing that the state’s lottery system for awarding medical cannabis licenses is unconstitutional and unfairly structured. The suit, filed on June 27 in Jefferson ...
Organigram Expands U.S. Market Through Collective Project Direct to Consumer Launch and THC Beverage Portfolio Expansion
LOS ANGELES- Organigram Global Inc. Canada’s largest cannabis producer by market share, has entered a significant new phase in its U.S. strategy. Through its recently acquired subsidiary, Collective Project, the company has launched a direct-to-consumer ...
Florida Appeals Court Reduces Drug-Trafficking Conviction to Possession
LOS ANGELES- A Florida appeals court has overturned a drug-trafficking conviction, reducing it to a possession charge due to the inability to distinguish between illegal cannabis and legal hemp. The Second District Court of Appeal ...
Psilocybin Law Reforms Gain Momentum Across the United States
LOS ANGELES- Efforts to reform psilocybin laws are accelerating nationwide, with several states making significant strides toward decriminalization or legalization of the psychoactive compound found in "magic mushrooms." In Colorado, voters approved Proposition 122 in ...
HYTN Innovations Secures Cannabis Supply Agreements for German Market
LOS ANGELES- HYTN Innovations Inc., a pharmaceutical company specializing in cannabis-derived products, has entered into strategic supply agreements and completed vendor qualifications with two cannabis cultivators, securing a minimum of 4,000 kilograms of cannabis for ...
MediPharm Labs Reports 27% Annual Revenue Growth
LOS ANGELES- MediPharm Labs Corp., a pharmaceutical company specializing in precision-based cannabinoids, has announced a 27% increase in annual net revenue for 2024, reaching $42 million. This growth is primarily attributed to a significant rise ...
Legal Status of Cannabis in Europe
LOS ANGELES- A growing number of European countries now permit the use, cultivation or sale of cannabis under regulated conditions, driven by evolving public policy and emerging economic opportunity. Germany legalized limited recreational use on ...
New Lawsuit Challenges Lottery Process for Kentucky Medical Cannabis Licenses
LOS ANGELES- A group of Kentucky-based applicants has filed a lawsuit arguing that the state’s lottery system for awarding medical cannabis licenses is unconstitutional and unfairly structured. The suit, filed on June 27 in Jefferson ...
Organigram Expands U.S. Market Through Collective Project Direct to Consumer Launch and THC Beverage Portfolio Expansion
LOS ANGELES- Organigram Global Inc. Canada’s largest cannabis producer by market share, has entered a significant new phase in its U.S. strategy. Through its recently acquired subsidiary, Collective Project, the company has launched a direct-to-consumer ...
Nabis More Than Doubles Southern California Distribution Capacity to Meet Growing Demand
OAKLAND, Calif., -- Nabis, California's licensed cannabis wholesale marketplace, today announced a 150% increase in its Southern California distribution capabilities to meet the industry's surging demand for compliant, rapid wholesale delivery service. In addition to ...
GrowGeneration Acquires Los Angeles County’s Commercial Grow Supply, Strengthens Foothold in Southern California
DENVER, -- GrowGeneration Corp. (NASDAQ: GRWG), a chain of specialty hydroponic and organic garden centers, announced its acquisition of Commercial Grow Supply, a hydroponic superstore located in Santa Clarita, California. Founded in 2011 by Sevan Derohanian, Commercial ...
The Parent Company Expands Product Portfolio with Launch of ‘Well by Caliva’ Lotions and Tinctures
SAN JOSE, Calif.--TPCO Holding Corp. (NEO: GRAM.U) (OTCQX: GRAMF), California's vertically-integrated cannabis company, announced the launch of a new line of wellness products, Well by Caliva. The line offers lotions and tinctures in three categories ...
Gage Growth Corp. Announces Second Quarter 2021 Results and Provides Business Update
DETROIT, -- Gage Growth Corp. (CSE: GAGE), a cannabis brand and operator in Michigan, today reported its financial results for the three months ended June 30, 2021. All currency references used in this press release ...
Indiva Reports Second Quarter Fiscal 2021 Results
LONDON, ON, -- Indiva Limited (TSXV: NDVA) (OTCQX: NDVAF), announced its financial and operating results for the second quarter of fiscal 2021 ended June 30, 2021. All figures are reported in Canadian dollars ($), ...
HCN Investigates: Cannabis Funding in New York State Part 2 — The Key Players
NEW YORK–The New York cannabis industry may seem in its infancy, but medical cannabis has been legal in the Empire State since 2016. That’s plenty of time for the old money engines in New York ...
Schwazze Signs Agreement to Acquire Colorado Cultivation Grower Brow 2
DENVER–Schwazze, (OTCQX: SHWZ), has entered into an to agreement to acquire the assets of Brow 2, LLC, located in Denver, Colorado. The planned transaction includes a 37,000 square foot building (27,000 square feet of canopy) for indoor cultivation ...
Green Life Business Group Inc. Reports Second Quarter 2021 Results
SAN DIEGO– The year 2020 is known to be one of the most impactful years in recent history. As a worldwide pandemic took the world by storm, large scale Multi State Operators (MSO's) and Companies ...
NCIA Hosts the Midwest Cannabis Business Conference in Detroit, Michigan September 22-23
WASHINGTON -- The National Cannabis Industry Association, the trade association representing legal cannabis businesses, will hold its Midwest Cannabis Business Conference from September 22-23 at the TCF Center in downtown Detroit, Michigan. Former Detroit Lions and current cannabis activists and entrepreneurs Calvin ...
GrowGeneration Acquires Washington-Based Hoagtech Hydroponics
DENVER--GrowGeneration Corp. (NASDAQ: GRWG), a chain of specialty hydroponic and organic garden centers, today announced the acquisition of Hoagtech Hydroponics, a leading hydroponic equipment and indoor gardening store, serving the Bellingham, Washington area. This acquisition brings the ...
Khiron Reports Q2 Results, 47% QoQ Increase in Medical Cannabis Revenues Driven by Colombia and Germany
TORONTO-- Khiron Life Sciences Corp. (TSXV: KHRN) (OTCQX: KHRNF) (Frankfurt: A2JMZC), a vertically integrated cannabis company with core operations in Latin America and Europe, today announces its financial results for the quarter ended June 30, 2021. These filings ...
VPR Brands LP Announces Sales and Net Profits for the Second Quarter and Year to date 2021
Fort Lauderdale, Fla.-- VPR Brands LP (OTC: VPRB) a market leading supplier and patent holder for electronic cigarettes or vaporizers for nicotine, cannabis and cannabidiol (CBD) and other related smoking accessories such as pocket lighters ...
The State of Nationwide Cannabis Legalization: How Close Are We?
We are in a watershed moment for the cannabis plant. 37 states have legalized possession in some form, be it medical or adult use. And while it remains illegal on the federal level, those days ...
Weedmaps Announces Multi-Year Partnership with Kevin Durant
IRVINE, Calif.–Weedmaps, a leading technology platform for cannabis consumers and businesses, announced today a multi-year agreement with Kevin Durant and Thirty Five Ventures as well as a sponsorship deal with Boardroom. As part of Weedmaps’ mission to ...
Russian Investor Andrey Blokh Acquires 723,000 Voting Shares of Curaleaf
MOSCOW–Mr. Andrey Blokh announced he acquired 722,577 subordinate voting shares of Curaleaf Holdings Inc. representing approximately 0.12% of the presently issued and outstanding Subordinate Voting Shares of the Company. The 722,577 Subordinate Voting Shares were ...
GALLUP: The Amount of Americans Who’ve Tried Cannabis Reaches New Highs
LOS ANGELES–In a new survey from Gallup nearly half of U.S. adults say they've tried Cannabis. This increase in ever-tried levels is evident as more states move to green-light legislation legalizing it in recent months. ...
MedMen Announces $100M Equity Investment Led by Serruya Private Equity
LOS ANGELES–MedMen Enterprises Inc. (CSE: MMEN) (OTCQX: MMNFF), a premier U.S. cannabis retailer, today announced that investors, led by Serruya Private Equity, are purchasing US$100 million of units of MedMen at a purchase price of ...
Ayurcann Holdings Corp. Announces Listing on the Frankfurt Stock Exchange
Toronto, Ontario-- Ayurcann Holdings Corp. (CSE: AYUR) a Canadian extraction company specializing in the processing of cannabis and hemp to produce oils and various derivative products, has announced that its common shares have been cross-listed for ...
VPR Brands LP Announces Second Quarter and Year to date Results 2021
Fort Lauderdale, Fla. -- VPR Brands LP (OTC: VPRB) a market leading supplier and patent holder for electronic cigarettes or vaporizers for nicotine, cannabis and cannabidiol (CBD) and other related smoking accessories such as pocket lighters ...
PharmaCielo Announces Q2-2021 Financial Results and Appointment of Bill Petron as CEO
TORONTO and RIONEGRO, -- PharmaCielo Ltd. (TSXV: PCLO) (OTCQX: PCLOF), the Canadian parent of Colombia's premier cultivator and producer of medicinal-grade cannabis extracts, PharmaCielo Colombia Holdings S.A.S., today announced financial results for the second quarter ended June 30, 2021. The ...
TerrAscend Increases Ownership of New Jersey License Ahead of Adult-Use Rollout
NEW YORK and TORONTO-- TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF), a leading North American cannabis operator, today announced it has completed the acquisition of an additional 12.5% of the issued and outstanding equity of TerrAscend NJ, LLC ...
COOKIES and Terrascend Partner To Bring Top-Shelf Genetics To The Garden State
BOONTON, N.J.–International cannabis brand Cookies announced today licensing agreements with TerrAscend NJ LLC, a subsidiary of TerrAscend Corp. (CSE: TER, OTCQX: TRSSF), a leading North American cannabis operator. The parties entered into a multi-year deal under which ...
Rosario Dawson Joins Board of Celebrity Backed Cannbis Drinks Brand Cann
LOS ANGELES–''Male, pale and stale'' is how the management in the cannabis industry have been described. Somewhat accurately. In fact there's only one black CEO of a major publicly listed company. That one CEO is ...
WEBINAR: New Jersey Releases Regulations Governing Adult-use Cannabis Market
TRENTON, N.J. — The New Jersey Cannabis Regulatory Commission on Thursday adopted initial rules and regulations that will govern the state’s forthcoming adult-use cannabis market. Attorneys and regulatory specialists from the New Jersey office of national cannabis ...
Panaxia and Neuraxpharm Expands Strategic Collaboration to Poland
The companies Panaxia and Neuraxpharm are reported to have signed an agreement for the distribution of advanced medical cannabis-based products in Poland. First sales are expected during H1 of 2022 TEL AVIV, Israel-- Panaxia Labs ...
