Legal Affairs
Colombian President Renews Call for Cannabis Legalization
LOS ANGELES-Colombian President Gustavo Petro has called on Congress to legalize cannabis cultivation as part of an effort to reduce the violence associated with drug trafficking in the country. Petro argues that the prohibition of ...
Nebraska Lawmakers Deliberate Implementation of Voter-Approved Medical Cannabis Measures
LOS ANGELES- Following the November 2024 approval of Initiatives 437 and 438, which legalized medical cannabis in Nebraska, state legislators are now working to establish a regulatory framework to implement these measures. The approved initiatives ...
Denver Moves Toward Licensing Psychedelic Wellness Centers and Social Clubs
LOS ANGELES- Denver's Department of Excise and Licenses has proposed regulations to oversee psilocybin-based wellness facilities, including yoga studios and social clubs, following Colorado's 2022 voter-approved measure legalizing natural medicines like psilocybin. The proposed regulations ...
Oklahoma to Launch State-Run Cannabis Testing Lab for Industry Oversight by February 2025
LOS ANGELES- Oklahoma is preparing to launch a state-operated cannabis testing laboratory in February 2025, aiming to enhance the accuracy and reliability of product assessments within the state's medical cannabis industry. This initiative addresses longstanding ...
Climate First Bank Introduces Cannabis-Focused Financial Services in Florida
LOS ANGELES- Climate First Bank, headquartered in Orlando, Florida, has introduced specialized banking services tailored for the cannabis industry. This initiative aims to address the financial challenges faced by cannabis businesses, particularly in accessing traditional ...
Florida’s Cannabis Legalization Measure Fails Despite Majority Support
LOS ANGELES- In the recent election, Florida's Amendment 3, which proposed the legalization of recreational cannabis for adults aged 21 and over, received 56% voter support. However, it fell short of the 60% supermajority required ...
DEA Postpones Cannabis Rescheduling Hearings to 2025
LOS ANGELES-The U.S. Drug Enforcement Administration (DEA) has postponed its hearings on the proposed rescheduling of cannabis under the Controlled Substances Act (CSA) to early 2025. The delay follows a preliminary order from Chief Administrative ...
Colombian President Renews Call for Cannabis Legalization
LOS ANGELES-Colombian President Gustavo Petro has called on Congress to legalize cannabis cultivation as part of an effort to reduce the violence associated with drug trafficking in the country. Petro argues that the prohibition of ...
Nebraska Lawmakers Deliberate Implementation of Voter-Approved Medical Cannabis Measures
LOS ANGELES- Following the November 2024 approval of Initiatives 437 and 438, which legalized medical cannabis in Nebraska, state legislators are now working to establish a regulatory framework to implement these measures. The approved initiatives ...
Denver Moves Toward Licensing Psychedelic Wellness Centers and Social Clubs
LOS ANGELES- Denver's Department of Excise and Licenses has proposed regulations to oversee psilocybin-based wellness facilities, including yoga studios and social clubs, following Colorado's 2022 voter-approved measure legalizing natural medicines like psilocybin. The proposed regulations ...
Greenlane Announce Quarter 1, 2021 Revenues
BOCA RATON–Greenlane Holdings, Inc. (Nasdaq: GNLN), one of the largest sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, today reported financial results for the first quarter ended March 31, 2021. First Quarter ...
TerrAscend Reports First Quarter 2021 Results
NEW YORK and TORONTO–TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF), a leading North American cannabis operator, today reported financial results for its first quarter ending March 31, 2021. First Quarter 2021 Financial Highlights (Unless otherwise stated, ...
Leaf Infusions 15,000 Sq. Ft. Cannabis Co-Packing Facility for “White Label Products” in Metro Vancouver
NEW WESTMINSTER, B.C.–Leaf Infusions has begun the construction process of its 15,000 square foot facility in New Westminster, British Columbia. Leaf Infusions provides 'white-label', that is, turn-key cannabis co-packing solely focused upon formulation, testing, manufacturing, ...
Missouri’s Largest Cannabis Processing Facility Just Completed
ST. LOUIS–MidWest Roots successfully passed its inception inspection and then, upon licensure, will begin production as soon as adequate supplies of raw materials are secured. Midwest Roots has completed the build out of a 65,000 ...
Petalfast Closes $2.8 Million Round Of Funding Led By Merida Capital Holdings
IRVINE, Calif., –Petalfast Inc. today announces the closing of a $2.8 million capital raise in connection with its latest round of Series A funding. Led by Merida Capital Holdings, the funding provides Petalfast with the opportunity to strengthen ...
Minnesota House Passes Adult Use Recreational Cannabis Bill
ST. PAUL, Minn.– For the first time, the Minnesota House of Representatives passed a bill legalizing recreational cannabis. The House voted 72-61 to approve the bill, but that's as far as the bill will get: ...
dosist™ Launches Advanced CBD+ Topical Collection to Help Address Pain
LOS ANGELES– dosist™ today announced the launch of its progressive new range of CBD+ topical products aimed at disrupting the pain category with all-natural solutions designed to help with pain relief. Launched under their newly created dosist ...
Arcadia Biosciences Acquires Lief Brands’ Portfolio of CBD and Wellness Brands
DAVIS, Calif., – Arcadia Biosciences (Nasdaq: RKDA), today announced it has acquired the assets of Lief Holdings, LLC and its portfolio of wellness products from The Parent Company, along with select assets of Live Zola, ...
MariMed Announced Q1 2021 Financial Results
NORWOOD, Mass.–MariMed, Inc. (OTCQX: MRMD), a leading multi-state cannabis operator focused on health and wellness, today announced its financial and operating results for the quarter ended March 31, 2021. Q1 2021 Financial Highlights from Management: ...
Nova Announces First Quarter 2021 Results
EDMONTON, AB–Nova Cannabis (TSXV: NOVC) today released its unaudited condensed interim consolidated financial statements and management's discussion and analysis for the three months ended March 31, 2021. "Nova has been executing its growth strategy to ...
VIVO Cannabis Announces First Quarter 2021 Results
TORONTO–VIVO Cannabis Inc. (TSX: VIVO) (OTCQX: VVCIF) today released its first quarter 2021 financial and operating results. Management Commentary "In the first quarter of 2021, VIVO made significant contributions to its organizational foundation with the ...
iAnthus Reports First Quarter 2021 Financial Results
NEW YORK– iAnthus Capital Holdings, Inc (CSE: IAN) (OTC: ITHUF), which owns, operates, and partners with regulated cannabis operations across the United States, today reported its financial results for the three months ended March 31, ...
Ascend Wellness Announces Q1 2021 Financial Results
NEW YORK–Ascend Wellness Holdings, Inc. (CSE: AAWH.U), a vertically integrated multi-state operator, today reported its financial results for the quarter ended March 31, 2021. The Company has applied to be quoted on the OTCQX, part ...
WEEDCon Cannabis Rock N’ Roll Golf Tournament Benefits Charity, Attracts Celebs
LOS ANGELES, May 18, 2021 /PRNewswire/ -- on Friday, May 21st, the Inaugural WEEDCon On The Green Dispensary Invitational will take place promoting the medical benefits of cannabis and benefitting nonprofit Safety Harbor Kids. The one day tournament ...
Enveric Biosciences Reports First Quarter 2021 Financial Results
NAPLES, Fla.–Enveric Biosciences, Inc. (NASDAQ: ENVB), a patient-first biotechnology company developing novel cannabinoid (CBD) medicines to improve quality of life for cancer patients, today reported its financial results for the three months ended March 31, ...
Curaleaf to Acquire Colorado-based Los Sueños
WAKEFIELD, Mass.–Curaleaf Holdings, Inc. (CSE: CURA / OTCQX: CURLF), a provider of consumer products in cannabis, today signed definitive documents to acquire the Los Sueños Farms and its related entities, the largest outdoor grow in ...
State B Beverage Co. Announces Partnership with Young America Capital
SQUAMISH, B.C.–State B Beverage Co, a new arrival to the world of cannabis-infused beverages, announced a partnership with Young America Capital, an investment bank based in Mamaroneck, New York, who specialize in serving the needs ...
HEXO Corp To Acquire 48North Cannabis Corp.
OTTAWA- HEXO Corp. (TSX: HEXO) (NYSE: HEXO) and 48North Cannabis Corp (TSXV: NRTH) announced they have entered into a definitive arrangement agreement under which HEXO will acquire, by way of court-approved plan of arrangement under ...
Zenabis Announces First Quarter 2021 Financial Results
VANCOUVER, BC,–Zenabis Global Inc. (TSX: ZENA) announced its financial results for the quarter ended March 31, 2021. All amounts, unless specified otherwise, are expressed in Canadian dollars. First Quarter 2021 Highlighted Financial Results Quantity of cannabis ...
Forian Inc. Announces First Quarter Fiscal 2021 Financial Results
NEWTOWN, Pa.–Forian Inc. (NASDAQ: FORA), a provider of technology, analytics and data science driven solutions for the healthcare and cannabis industries, today announced results for its fiscal first quarter ended March 31, 2021. "This quarter was transformational ...
Vireo Health Announces First Quarter 2021 Financial Results
MINNEAPOLIS–Vireo Health International, Inc. (CSE: VREO; OTCQX: VREOF), a physician-led, science-focused multi-state cannabis company, today reported financial results for its first quarter ended March 31, 2021. All currency figures referenced in this press release reflect ...
Green Thumb Industries Reduces Cost of Capital With New Financing
VANCOUVER, B.C.–Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF), a national cannabis consumer packaged goods company and owner of Rise Dispensaries, earlier this month announced they had closed on a USD$217M senior non-brokered private placement ...
Lucid Green Inc. Secures $3.1MM Funding
NEW YORK–Lucid Green Inc., today announced funding of $3.1MM from new investors, Bravos Capital, Silverleaf Ventures, and existing investors FGCP and HALLEY Venture Partners. This funding will be utilized to further the adoption of LucidIDs ...
Supreme Cannabis Announces Financial Results for Q3 2021
TORONTO–Supreme Cannabis (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) today announced its financial and operating results for the three months ended March 31, 2021. Supreme Cannabis' Management Discussion & Analysis ("MD&A") and condensed interim consolidated ...
Aurora Cannabis Announces Fiscal 2021 Third Quarter Results
EDMONTON, AB–Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB), a Canadian company developing cannabinoids worldwide, today announced its financial and operational results for the third quarter of fiscal 2021 ended March 31, 2021. "Consistent with many ...
