Legal Affairs
States Propose Cannabis Tax Hikes Amid Industry Pushback
LOS ANGELES- In Michigan, Governor Gretchen Whitmer's recent $3 billion infrastructure plan includes a proposal to close a cannabis tax loophole, potentially generating an additional $470 million for road repairs. This move has alarmed local ...
British American Tobacco Invests $86.8 Million in Organigram
LOS ANGELES- British American Tobacco (BAT), one of the world's largest tobacco companies, has finalized a strategic investment of approximately $86.8 million (C$124.6 million) in Organigram Holdings Inc., a prominent Canadian cannabis producer. This investment, ...
Arizona Advances Psilocybin Research Initiatives
LOS ANGELES- Arizona legislators have approved measures to promote research into the medical applications of psilocybin, the active compound in certain mushrooms, and to establish a Psilocybin Research Advisory Council. The House Military Affairs & ...
Oh Cannabis, An Industry Is Yet To Land…
TORONTO—It didn’t have to be this way. I mean, in spite of what so many whinge and whine about, Canada had a lot to leverage. Canada is pretty big, with a population of about 40 ...
Dennis Peron: The Gay Revolutionary Who Pioneered Medical Cannabis in America
SAN FRANCISCO-Dennis Peron, the "Father of Medical Marijuana," is a towering figure in the history of cannabis advocacy. His relentless dedication to compassion and justice not only changed the lives of countless patients but also ...
Bipartisan Legislation Introduced to Facilitate Expungement of Pardoned Federal Offenses
LOS ANGELES- On November 22, 2024, Representative Kelly Armstrong (R-ND) introduced H.R. 10248, known as the Weldon Angelos Presidential Pardon Expungements Act, in the U.S. House of Representatives. The bill, which has been referred to ...
Global Developments in Cannabis Legalization in 2023
LOS ANGELES- In 2023, several countries made significant strides in cannabis legalization, reflecting a global shift in drug policy. Germany's Legislative Progress Germany advanced toward legalizing cannabis for adult use, aiming to become the European ...
States Propose Cannabis Tax Hikes Amid Industry Pushback
LOS ANGELES- In Michigan, Governor Gretchen Whitmer's recent $3 billion infrastructure plan includes a proposal to close a cannabis tax loophole, potentially generating an additional $470 million for road repairs. This move has alarmed local ...
British American Tobacco Invests $86.8 Million in Organigram
LOS ANGELES- British American Tobacco (BAT), one of the world's largest tobacco companies, has finalized a strategic investment of approximately $86.8 million (C$124.6 million) in Organigram Holdings Inc., a prominent Canadian cannabis producer. This investment, ...
Arizona Advances Psilocybin Research Initiatives
LOS ANGELES- Arizona legislators have approved measures to promote research into the medical applications of psilocybin, the active compound in certain mushrooms, and to establish a Psilocybin Research Advisory Council. The House Military Affairs & ...
Hollister Biosciences Inc. Reports First Quarter 2021 Financial Results
VANCOUVER, BC–Hollister Biosciences Inc. (CSE: HOLL) (OTC: HSTRF) (FRANKFURT: HOB) a diversified cannabis branding company with products in over 280 dispensaries throughout California, and over 95 dispensaries throughout Arizona, today reported its financial and operating results for ...
Nextleaf Solutions Provides Q2 Update
VANCOUVER, B.C., Nextleaf Solutions Ltd. (CSE: OILS) (OTCQB: OILFF), an innovative cannabis extractor, provided shareholders with the following commercial update and comments on its second-quarter results: Nextleaf Provides Commercial Update Nextleaf announced that subsequent to ...
WILD HEMP Hemp Cigarillos Expand Sales Through Retail
DALLAS–WILD HEMP expanded its portfolio of hemp smokeables with the launch of five new flavored hemp Wild Hemp Cigarillos offerings. Made in the USA from high quality certified US-grown hemp flower, hemp-wrapper, and hemp-flavors, the Wild Hemp ...
Green Thumb Closes on Acquisition of Massachusetts Cannabis Operator Liberty Compassion Inc.
CHICAGO–Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF), a national cannabis consumer packaged goods company and owner of Rise Dispensaries, today announced that it has closed on an acquisition of Liberty Compassion, Inc., a Massachusetts-based ...
Cresco Labs Announces First Quarter 2021 Financial Results
CHICAGO–Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) (FSE: 6CQ), a vertically integrated multistate operator and a wholesaler of branded cannabis products, today announced its financial results for the first quarter ended March 31, 2021. First ...
Bill to End Federal Cannabis Prohibition Reintroduced in U.S. House of Representatives
Washington, D.C. — On Friday, Rep. Jerrold Nadler (D-NY) reintroduced the Marijuana Opportunity, Reinvestment and Expungement (MORE) Act. If enacted, the MORE Act would end the federal prohibition of cannabis by removing it from the Controlled ...
The Modern Cannabis Group’s Budtenders Join Teamsters Union
CHICAGO–Budtenders at Modern Cannabis (MOCA) in the River North neighborhood of Chicago have voted overwhelmingly to join Teamsters Local 777 – the first group of cannabis workers to do so. "Congratulations to our newest members," ...
Gage Growth Corp. Announces First Quarter 2021 Results
DETROIT–Gage Growth Corp. (CSE: GAGE) a leading high-quality cannabis brand and operator in Michigan, today reported its financial results for the three months ended March 31, 2021. All currency references used in this press release ...
Khiron Life Sciences Reports First Quarter 2021 Financial Results
TORONTO– Khiron Life Sciences Corp. (TSXV: KHRN) (OTCQX: KHRNF)(Frankfurt: A2JMZC), a vertically integrated cannabis group with core operations in Latin America and Europe, announced today its financial results for the quarter ended March 31, 2021. ...
C21 Investments Announces Year End Results
VANCOUVER, BC–C21 Investments Inc. (CSE: CXXI) (OTCQX: CXXIF), a vertically integrated cannabis company, today announced unaudited results for its fiscal year ended January 31, 2021. Fiscal Year Financial Highlights (USD: February 1, 2020 to January 31, ...
Harvest One Reports Q3 2021 Financial Results
VANCOUVER, B.C.–Harvest One Cannabis Inc. (TSXV: HVT) (OTCQB: HRVOF), a cannabis-infused CPG compant, with brands LivRelief and Dream Water products, announced its fiscal Q3 financial and operating results for the three and nine months ended March ...
Cannabis Extract Market Size Expected To Reach $28.5 Billion By 2027
PALM BEACH–Cannabis extracts have gained wide recognition in recent years and are expected to provide impetus to cannabis market growth. Growing legalization of cannabis in various countries, preference for cannabis oil and tinctures, and adoption ...
Silver Spike III Acquisition Corp. Announces Completion of $125M IPO
TORONTO–Silver Spike III Acquisition Corp. (NEO: SPKC.UN.U) announced the closing of its initial public offering of 12,500,000 Class A restricted voting units of the Corporation at an offering price of U.S.$10.00 per Class A Restricted ...
10 Women Cultivators and Business Owners in Cannabis & The Importance of Supporting Them And Others
MIAMI –The world is male dominated and it shouldn’t be. Women are definitely the backbone and magic in every society in every nation. The two highest IQ scores in history belong to women. In 2018, ...
Nova Cannabis Added to the NYSE-Listed Cannabis ETF “THCX”
EDMONTON, AB– Nova Cannabis Inc.(TSXV: NOVC), is pleased to announce today that it has been added to the Cannabis ETF (NYSE: THCX), an exchange traded fund listed on the NYSE Arca. "As a newly listed ...
US Researchers Begin First Clinical Trials Using Cannabis Products as Migraine Treatment
SAN DIEGO – Although there are numerous FDA-approved treatments on the market, experts say many patients are turning to cannabis products containing THC and/or CBD, an ingredient of cannabis that is not psychoactive, to treat ...
Cannabis Jacks Opens 3 New Retail Locations Across Northern Ontario
TORONTO–Cannabis Jacks, Northern Ontario's fastest growing cannabis retail store chain, announced today another 3 new stores have opened in Timmins, North Bay and Val Caron in the city of Greater Sudbury. The stores are located ...
Psychedelics Company, Delic, Completes Acquisition of Complex Biotech Discovery Ventures
VANCOUVER, BC–Delic Holdings Inc. (CSE: DELC) (OTCQB: DELCF), a psychedelic wellness platform, is pleased to announce that it has acquired all of the issued and outstanding shares in the capital of Complex Biotech Discovery Ventures Ltd., ...
SLANG Worldwide Announces First Quarter 2021 Financial Results
TORONTO– SLANG Worldwide Inc. (CNSX: SLNG) (OTCQB: SLGWF), a cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today released financial results for the three months ended March 31, 2021. All ...
Pacific Roots Introduces Wellness and Pleasure Line Products Infused With CBD
WINDERMERE, Fla., –Pacific Roots is launching a new line of finished CBD products. Their new CBD Wellness Line and CBD Pleasure Line were developed as a way to add more unique hemp products for their ...
High Life Farms Announces Exclusive Contract to Manufacture & Distribute Kiva’s Camino Gummies in Michigan
CHESANING, Mich.,–High Life Farms, a privately held, multi-state, vertically-integrated cannabis company with operations in Michigan and California, is bringing Kiva's Camino Gummies to Michigan through an exclusive white-label agreement with its long-standing partner, Kiva Confections, one of the country's top leaders in premium, ...
Danes Extend Cannabis Pilot And Make Permanent Medical Cannabis Licences
COPENHAGEN–The Danish Parliament, on Monday, made the decision to extend the Pilot Programme for prescription of medical cannabis by another 4 years. They also agreed to make Danish cultivation and production of medical cannabis permanent ...
HempFusion to Acquire CBD Topicals Maker Sagely Naturals for $25 Million
DENVER–HempFusion Wellness Inc. (TSX:CBD.U) (US:CBDHF) (FWB:8OO), a health and wellness Company offering probiotic supplements and products containing CBD, announced it has entered into a definitive agreement to acquire 100% interest in Sagely Enterprises, Inc., a leader ...
A LIFE IN A DAY: Shayda Torabi: Cannabis Industry Personalities
Shayda Torabi has been voted best Texas Hemp Educator, Advocate, and Influencer, and she’s one of the women leading the cannabis reformation conversation building one of Texas’ premier CBD brands. She's currently the CEO and ...
Hemp Seed Breeders Need Academic Research to Solve Total THC Problem
LONGMONT, Colo.,– Hemp seed breeders must collaborate with academic-run, varietal trials to tackle hemp's total THC problem and move the industry forward, says Matt Haddad, CEO of Trilogene Seeds, a hemp seed breeder. "Ninety-five percent of ...
