Legal Affairs
Cronos Group Reports $8.7 Million in Operating Expense Savings for FY2024
LOS ANGELES- Cronos Group Inc. has announced operating expense savings of $8.7 million for the fiscal year 2024, aligning with its previously stated target range of $5 million to $10 million. These savings were primarily ...
Minnesota Considers Allowing Liquor Wholesalers to Distribute Low-Potency Hemp Edibles
LOS ANGELES -A bipartisan bill introduced in the Minnesota House of Representatives seeks to permit licensed liquor wholesalers to distribute low-potency hemp edibles. Sponsored by Representatives Zack Stephenson (D) and Nolan West (R), House File ...
New Study Suggests Medical Cannabis Highly Cost-Effective Treatment for PTSD
LOS ANGELES-A recent study highlights the affordability and effectiveness of medical cannabis as a treatment for individuals with moderate post-traumatic stress disorder (PTSD). Conducted by researchers at Leafwell, the study suggests that medical cannabis could ...
California Cannabis Dispensaries Face New Tax Payment Rules
LOS ANGELES- In November 2024, numerous licensed cannabis dispensaries in the Los Angeles area received notices from the California Department of Tax and Fee Administration (CDTFA) indicating a shift in their tax payment schedules from ...
Willow Biosciences Reports Q3 2024
LOS ANGELES- Willow Biosciences Inc., a biotechnology firm specializing in the industrial production of functional ingredients, has reported its financial results for the third quarter of 2024. The company achieved record revenue of $1.7 million ...
UK Explores Raising THC Limits for Industrial Hemp to Boost Farming Prospects
LOS ANGELES- The United Kingdom is evaluating a proposal to increase the permissible tetrahydrocannabinol (THC) content in industrial hemp from 0.2% to 0.3%, aligning with standards in the European Union and the United States. This ...
FDA Approves Cannabis Trial for Treating PTSD in Veterans
LOS ANGELES- The U.S. Food and Drug Administration (FDA) has approved a clinical trial investigating the use of smoked cannabis as a treatment for post-traumatic stress disorder (PTSD) in military veterans. The study, led by ...
Cronos Group Reports $8.7 Million in Operating Expense Savings for FY2024
LOS ANGELES- Cronos Group Inc. has announced operating expense savings of $8.7 million for the fiscal year 2024, aligning with its previously stated target range of $5 million to $10 million. These savings were primarily ...
Minnesota Considers Allowing Liquor Wholesalers to Distribute Low-Potency Hemp Edibles
LOS ANGELES -A bipartisan bill introduced in the Minnesota House of Representatives seeks to permit licensed liquor wholesalers to distribute low-potency hemp edibles. Sponsored by Representatives Zack Stephenson (D) and Nolan West (R), House File ...
New Study Suggests Medical Cannabis Highly Cost-Effective Treatment for PTSD
LOS ANGELES-A recent study highlights the affordability and effectiveness of medical cannabis as a treatment for individuals with moderate post-traumatic stress disorder (PTSD). Conducted by researchers at Leafwell, the study suggests that medical cannabis could ...
5 Fast Facts About Your Endocannabinoid System
OAKLAND – Cannabis has become a popular alternative treatment for several different illnesses and ailments. Cannabidiol (CBD), a non-psychoactive cannabinoid, in particular is gaining attention for its plethora of health benefits. CBD does not get ...
Michigan Cannabis Sales Reach Record Highs In March
DETROIT – Michigan recreational cannabis sales are on track to surpass $1 billion in the next 12 months. The Michigan Marijuana Regulatory Agency provides a very detailed breakdown of their market from volumes sold to ...
Canopy Growth Signs U.S. Distribution Agreement with Southern Glazer’s Wine & Spirits for CBD Beverage Portfolio
NEW YORK–Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC), a leading diversified cannabis, CBD and vaporization device company, today announced Southern Glazer's Wine & Spirits, a pre-eminent distributor of beverage alcohol, as the distribution partner for ...
TerrAscend Expands in Pennsylvania Through Acquisition of Keystone Canna Remedies
NEW YORK– TerrAscend Corp.(CSE:TER) (OTCQX: TRSSF), a leading North American cannabis operator, today announced it has entered into a definitive agreement to acquire GuadCo, LLC and KCR Holdings LLC for an implied enterprise value of ...
dosist Brand Launches Clean Gummies Into Edibles Category
LOS ANGELES– Cannabis brand dosist™ today announced the launch of dosist performance gummies, the latest innovation in its THC product portfolio. Available now in California, dosist's fast-acting, all-natural vegan gummies were designed to completely elevate the ...
GrowGeneration Expands Michigan Footprint with Downriver Hydro Acquisition
DENVER– GrowGeneration Group (NASDAQ: GRWG), a chain of specialty hydroponic and organic garden centers, today announced its acquisition of Downriver Hydroponics, a Michigan-based indoor garden supply center in Wayne County. Founded in 2011, Downriver Hydro is the ...
Decibel Announces Promotion of Kris Newell to Chief Operating Officer
CALGARY– Decibel Cannabis Company Inc. (TSXV: DB) (OTCQB: DBCCF), a premium cannabis producer and retailer, is pleased to announce the promotion of Kris Newell to the recently created position of Chief Operating Officer, effective as ...
Legal Global Cannabis Market Forecast To $84 Billion By 2028
SAN FRANCISCO– The global legal cannabis market size is expected to reach USD 84 billion by 2028, according to a new report by Grand View Research. This market is expected to expand at a CAGR of 14.3% ...
SAFE Banking Act Passes By Voice Vote in US House of Representatives
WASHINGTON, D.C., – The SAFE Banking Act passed the House today by a voice vote. The act essentially allows cannabis companies to access normal federal banking services. The House move clears the way for the ...
Curaleaf to Report First Quarter 2021 Financial and Operational Results
WAKEFIELD, Mass.– Curaleaf Holdings, Inc. (CSE: CURA / OTCQX: CURLF), a leading international provider of consumer products in cannabis, today announced that it will report its financial and operating results for the first quarter ended March ...
HCN Investigates: What Are The Market Dynamics Of North America’s Emerging Psilocybin Industry?
HCN Investigates: The Psilocybin Market Part 1 — Overview Use of psychedelic plant substances dates back thousands of years. Practically every culture in the world has some history of psychedelic plant use, and cultural anthropology ...
Bespoke Closes $8 Million Series A From Snoop’s Casa Verde and Linkedin Founder’s Sweat Equity Ventures
LOS ANGELES– Bespoke Financial, a Fintech lender for cannabis companies, announced today the close of a $8 million Series A, bringing the company's total funding to date to over $28 million. The raise was co-led by Snoop ...
Humble Hemp Wraps Roll onto Store Shelves
THOUSAND OAKS, Calif., – Humble Specialty Products, LLC announced the launch of its inaugural hemp wrap product line. The Humble Hemp Wraps brand, the real King of Flavor, was created by the team behind leading ...
American CBD Brand Premium Jane Releases Special Product Range for Upcoming “420 Holiday”
SCOTTSDALE, Ariz., – While the nationwide "420 holiday" is typically celebrated by recreational cannabis users, prominent CBD brands across the industry are not passing up on the opportunity to acknowledge the novel calendar event. One ...
Parallel Invests $25M in a New State-of-the-Art Cannabis Cultivation, Production and Retail Facility in Texas
AUSTIN –Parallel, a privately-held multi-state cannabis operators in the United States, today announced it will make a $25 million dollar investment in a new state-of-the art cannabis cultivation, production and retail facility in Texas. This ...
Medterra Expands Portfolio With New True Full Spectrum Line
IRVINE, Calif., – Medterra an industry leader in CBD, announced the launch of its True Full Spectrum collection. Medterra recognized the growing consumer acceptance of THC and set out to develop the best full spectrum CBD on ...
Playboy Celebrates National Cannabis Awareness Month, Redoubling Efforts on Nationwide Cannabis Reform and Advocacy
LOS ANGELES– In celebration of National Cannabis Awareness Month taking place throughout April, Playboy Enterprises today announced a month-long initiative supporting nationwide cannabis reform and advocacy. Building on the success of their legalization and expungement campaign ...
USA Cannabis Sales Projected to Reach $28 Billion in 2022
SEATTLE– Headset, a leading provider of data and analytics to the cannabis industry, announced today the launch of a long-term forecast for the U.S. and Canadian markets with category and top-level data to be updated ...
What Are The Different Products Available In Cannabis?
OAKLAND – The advent of legal cannabis has brought about big developments in the ways we get high. Long gone are the days when smoking a joint or hitting a bong were the only ways ...
Indoor Grown Cannabis Vs Outdoor Grown Cannabis – What’s The Difference?
OAKLAND – While cannabis has been cultivated around the world for thousands of years, modernization has made it easier than ever to grow the plant, whether in an outdoor garden bed or an isolated indoor ...
Cannabis Vaporizer Market Projected To Reach US$ 26 Billion By 2030
NEW YORK– Vaporizing using electronic devices and conventional smoking are the two methods of cannabis consumption. Portability, flexibility, and temperature control features have led to the shift of consumers toward handheld vaporizers from conventional methods, ...
Houseplant Launches at The Apothecarium’s California Dispensaries
SAN FRANCISCO– The Apothecarium is offering cannabis from Houseplant, the cannabis lifestyle brand founded by Seth Rogen and Evan Goldberg, at its five California dispensaries. The Apothecarium has three San Francisco locations (Castro, SOMA and ...
Actor Jaleel White Launching Cannabis Line Featuring ‘Purple Urkle’ Strain on 4/20
LOS ANGELES – Jaleel White's alter ego Steve Urkel is a household name in the USA, but the 44-year-old said he was more like Willy Wonka when he was discussing his new cannabis line ItsPurpl, ...
Trulieve Announces Expungement Programs in Several States as Part of 420 Celebration
TALLAHASSEE– Trulieve (CSE: TRUL) (OTCQX: TCNNF) a multi-state cannabis company, announced today a series of expungement clinics located throughout south and central Florida, as well as virtual events in Georgia and Massachusetts. The clinics are ...
Boston Cannabis Delivery Company, Zip Run, Secures $2.3 Million Seed Funding
BOSTON– ZIP RUN, one of the first social equity companies to create a cannabis delivery platform, announced today the completion of a $2.3 million seed funding round led by Mollitiam Capital. Zip Run is on ...
