Legal Affairs
What You Need to Know About Risk Management and Insurance in Cannabis
LOS ANGELES—Every CFO needs to know that the cannabis industry is fraught with unique risks that require specialized risk management strategies and comprehensive insurance coverage. As companies navigate this complex landscape, understanding these risks and ...
New Lawsuit Accuses CCELL of Price-Fixing & Monopoly Tactics
LOS ANGELES — February 14, 2025 A class action lawsuit has been filed against Smoore, the parent company of CCELL, and its U.S. distributors, accusing them of engaging in illegal price-fixing and monopolistic practices that ...
Global Cannabis Regulatory Summit to Convene in Washington, D.C.
LOS ANGELES- Artemis Growth Partners and Tenacious Labs have announced the inaugural Global Cannabis Regulatory Summit (GCRS), scheduled for March 25-27, 2025, at the United States Capitol Complex in Washington, D.C. This invite-only event aims ...
Florida Voters Reject Cannabis Legalization, Impacting Broader U.S. Legalization Efforts
LOS ANGELES- In a significant setback for the cannabis industry, Florida voters rejected Amendment 3, which aimed to legalize recreational cannabis for adults 21 and older. While the measure received over 57% support, it fell ...
Mixed Results for Cannabis Initiatives in U.S. States
LOS ANGELES- In the recent elections, U.S. states voted on a range of cannabis-related measures, with mixed results. Notably, attempts to expand cannabis access faced both advancements and setbacks, highlighting the varied landscape of cannabis ...
Trump’s Return to Office: What it Means for the Cannabis Industry
LOS ANGELES- As Donald Trump returns to the White House, the cannabis industry is assessing how his policy stance could shape the future of legal cannabis in the United States. Trump's position on cannabis has ...
Massachusetts Voters Reject Medical Use of Psychedelics in Close Ballot Measure
LOS ANGELES- Massachusetts voters have rejected a proposed measure to legalize the medical use of certain psychedelics, with 57% voting against and 43% in favor. The initiative sought to permit the use of psilocybin, psilocin, ...
What You Need to Know About Risk Management and Insurance in Cannabis
LOS ANGELES—Every CFO needs to know that the cannabis industry is fraught with unique risks that require specialized risk management strategies and comprehensive insurance coverage. As companies navigate this complex landscape, understanding these risks and ...
New Lawsuit Accuses CCELL of Price-Fixing & Monopoly Tactics
LOS ANGELES — February 14, 2025 A class action lawsuit has been filed against Smoore, the parent company of CCELL, and its U.S. distributors, accusing them of engaging in illegal price-fixing and monopolistic practices that ...
Global Cannabis Regulatory Summit to Convene in Washington, D.C.
LOS ANGELES- Artemis Growth Partners and Tenacious Labs have announced the inaugural Global Cannabis Regulatory Summit (GCRS), scheduled for March 25-27, 2025, at the United States Capitol Complex in Washington, D.C. This invite-only event aims ...
Eaze Releases Annual State-Of-Cannabis Review: How Cannabis Consumers Responded to COVID-19
SAN FRANCISCO – Eaze, California’s largest legal cannabis marketplace, today released its sixth annual Eaze Insights State of Cannabis Report. The 2020 report, “How Cannabis Consumers Responded to Crisis”, looks at aggregate consumer trends driving the ...
Schwazze Completes Acquisition of Five Remaining Star Buds Dispensaries in Colorado
DENVER – Schwazze, formerly operating as Medicine Man Technologies Inc. (OTCQX: SHWZ) ("Schwazze" or “the Company"), today announced that it has closed on the asset purchase of the five Star Buds dispensaries located in Colorado ...
Berlin Psychedelics Startup Atai Raises $157 Million & Eyes IPO
BERLIN – Biotech startup Atai Life Sciences, which is exploring the use of psychedelic treatments for depression, anxiety and addiction, on Wednesday said that it had raised $157 million from investors to develop its drugs ...
Pennsylvania Gov. Tom Wolf Releases Large Group Of Cannabis-Law Violators
Gov. Tom Wolf has signed off on 310 pardons, 69 of them impacting the lives of nonviolent cannabis law violators, whom criminal justice advocates say face a lifetime of for a crime that now is on ...
Highly Capitalized Celebrates Women’s History Month With A Salute To The Legendary Brownie Mary
SAN FRANCISCO – Brownie Mary (born Mary Jane Rathbun December 22, 1922 – April 10, 1999) was an American rights activist specializing in cannabis reformation, who became a face of rationale and perspective amongst heavily ...
Could Clubhouse Be The Next Big Thing In Cannabis Networking?
SAN FRANCISCO – For a heavily networked industry like cannabis, the lack of in-person events due to the COVID-19 pandemic has been devastating. Virtual trade shows and Zoom mixers have sprouted up here and there, ...
UPS Prohibits Shipments of Vaping Products throughout U.S.A.
ATLANTA – UPS is prohibiting the shipment of Vaping Products throughout its U.S. network (including import and export). For the purpose of this prohibition, Vaping Products includes any and all noncombustible liquid or gel, regardless ...
Mydecine Fully Completes the First-Ever International Export of Psilocybin Mushrooms
DENVER – Mydecine Innovations Group (CSE: MYCO) is a biopharma company in the life sciences category committed to the research and development, production, and acceptance of alternative nature-sourced medicine for mainstream use, has completed the ...
MariMed Secures $46M In New Funding For Expansion Purposes
NORWOOD, Mass., – MariMed, Inc. (OTCQX: MRMD) a leading multi-state cannabis operator focused on health and wellness, today announced the closing of a $46 million financing facility with Hadron Healthcare Fund ("Hadron") pursuant to the ...
Cannabis Medication Over-Use Disorder Identified in Migraine Patients
MINNEAPOLIS – Using cannabis for relief from migraine headache may be associated with developing "rebound" headache, or medication overuse headache, which occurs when pain medication is overused by patients who have an underlying primary headache ...
Proposed California Law Ends Workplace Cannabis Urine Tests
SACRAMENTO – Assembly Bill 1256, introduced by Assemblyman Bill Quirk, D-Hayward, (pictured) is intended to prevent employers from using past evidence of marijuana use, such as a hair or urine test, as justification for discrimination ...
Canadian Smoke Shop Player High Tide Posts Annual Revenue Up +166%
CALGARY, AB, – High Tide, a retail-focused cannabis corporation from Canada in the smoke shops market, filed its year-end 2020 financial results on March 1, 2021, the highlights of which include: Revenue increased by 118% ...
NASDA Joins In The Call For Raising THC in Hemp From 0.3% To 1%
AUSTIN – NASDA, is an organization that represents the Commissioners, Secretaries, and Directors of the state departments of agriculture in all fifty states and four U.S. territories. State departments of agriculture are responsible for a ...
Seth Rogen’s Houseplant Company Launched in California Selling Cannabis and Paraphernalia
TORONTO – Canadian actor, film-maker and well-known cannabis advocate, Seth Rogen announced the launch of Houseplant into the USA. Together with Evan Goldberg, his creative writing partner, announced the launch of their cannabis company Houseplant ...
CBD Market Forecast For Significant Growth: 21% CAGR To 2028
PALM BEACH – Due to its healing properties, the demand for cannabidiol (CBD) for health and wellness purposes is high, which is the major factor driving the market growth. In addition, the rising acceptance and use ...
Canopy Growth Enter US CBD Beverages Market
SMITH FALLS, Canada – Canopy Growth (CGC) has launched a hemp-derived CBD water in the U.S., adding to its product offerings in the nation. The new drink is called Quatreau. It will be sold initially on ...
Cannabis Packaging Company Humidi Launch 100% Biodegradable Packaging
LOS ANGELES, – Humidi, a cannabis packaging have announce the launch of HumidiNaturals, which they claim to be a 100% fully renewable and compostable solution servicing the cannabis market. Manufactured in the United States, Humidi ...
Indus Holdings, Inc. acquires Lowell Herb Co. for $39 million
SALINAS, Calif., — Indus Holdings, Inc. (“Indus” or the “Company”) (CSE:INDS; OTCQX: INDXF), a leading, vertically-integrated, California-focused cannabis company, announced the acquisition of substantially all of the assets of the Lowell Herb Co. and Lowell Smokes ...
How Long Does Psilocybin Last After Consumption?
Psilocybin known far more frequently as the intoxicating chemical compound in Magic Mushrooms, is one of the safer substances that doesn’t hang around too long after consumption. It doesn’t pose as much of a threat ...
Prior Cannabis Use No Longer Disqualifies Candidates For White House Jobs
In another example of shifting public perceptions, the Biden administration recently announced new guidelines stating prior cannabis use will no longer automatically disqualify potential political appointees to the Executive Office of the President. White House ...
TerraVida Holistic Centers Inks Agreement to Merge With Verano Holdings
JENKINTOWN, Pa. – TerraVida Holistic Center LLC, a premier, women-owned and operated medical cannabis company in Pennsylvania, is pleased to announce that it has entered into an agreement to merge with Verano Holdings Corp. (CSE: VRNO), ...
Trulieve Partners with the Thurgood Marshall College Fund to Provide College Scholarships
TALLAHASSEE – Trulieve Cannabis Corp. (CSE: TRUL), a leading and top-performing cannabis company in the United States, today announced a new partnership with the Thurgood Marshall College Fund (TMCF), the nation's largest organization exclusively representing the ...
Hanu Labs Appoints African-American Ricardo Willis As Chief Executive Officer
SAN FRANCISCO – Hanu Labs, which operates the Hanu and Vapexhale cannabis technology and accessories brands, today announced that Ricardo Willis has been appointed as Chief Operating Officer. Ricardo Willis, a longtime strategic advisor to ...
Tommy Chong partners with Swiss Company To Launch A European CBD Line
ZURICH – Alpinols, a producer of hemp extracts from Switzerland, announce they are launching an organic CBD product line exclusively for Europe, together with Hollywood legend Tommy Chong into the growing European CBD and cannabis ...
Canadian Cannabis Group Fire & Flower Enters U.S. Cannabis Market with American Acres
TORONTO – Canadian cannabis retailer Fire & Flower Holdings is launching into the United States, with licensing partner, American Acres Managers, a private firm with a focus on cannabis retail in Arizona, California and Nevada. ...
