Legal Affairs
Legislative Wave Follows Growth of Hemp-Infused Beverage Market
LOS ANGELES- The market for hemp-derived cannabis beverages has expanded rapidly since the 2018 federal legalization of hemp, reaching an estimated value of over $1 billion today and projected to exceed $30 billion by 2035. ...
Canadian Cannabis Producers Expand Exports
LOS ANGELES- Canada’s licensed cannabis sector continues its move toward international markets, driven by strong global demand, especially for medical cannabis. During the 2023–24 fiscal year, Canada exported approximately CA$218 million of medical cannabis for commercial ...
Big Cannabis Companies Maintain Optimism in Florida Despite Adult‑Use Setback
LOS ANGELES- Major cannabis operators remain confident in the Florida medical market, viewing it as a strategic long‑term growth opportunity despite the failed November 2024 attempt to legalize adult‑use cannabis. In a recent analysis, Forbes ...
New Jersey Governor Proposes Increase to Cannabis Social Equity Tax
LOS ANGELES- Governor Phil Murphy has proposed raising New Jersey's social equity excise fee on cannabis from $2.50 to $15 per ounce. This proposal aims to generate additional revenue for social service and violence intervention ...
Industrial Hemp Regulation Undergoing Comprehensive Review
LOS ANGELES- The regulatory framework governing industrial hemp is currently under extensive review, aiming to address emerging challenges and align with evolving industry practices. This initiative seeks to refine existing policies to better support the ...
Cannara Biotech Extends BMO Credit Facility and Convertible Debenture to Strengthen Financial Position
LOS ANGELES- Cannara Biotech Inc. has announced the extension and amendment of its existing credit agreement with the Bank of Montreal (BMO) and a convertible debenture with Olymbec Investments Inc. These strategic financial adjustments aim ...
NYC Sheriff Files Lawsuit Against Home Contractors Over Alleged Permit Violations
LOS ANGELES- New York City Sheriff Anthony Miranda, known for his enforcement actions against unlicensed cannabis dispensaries, has initiated a $350,000 lawsuit against home contractors for allegedly failing to secure necessary permits during renovations of ...
Legislative Wave Follows Growth of Hemp-Infused Beverage Market
LOS ANGELES- The market for hemp-derived cannabis beverages has expanded rapidly since the 2018 federal legalization of hemp, reaching an estimated value of over $1 billion today and projected to exceed $30 billion by 2035. ...
Canadian Cannabis Producers Expand Exports
LOS ANGELES- Canada’s licensed cannabis sector continues its move toward international markets, driven by strong global demand, especially for medical cannabis. During the 2023–24 fiscal year, Canada exported approximately CA$218 million of medical cannabis for commercial ...
Big Cannabis Companies Maintain Optimism in Florida Despite Adult‑Use Setback
LOS ANGELES- Major cannabis operators remain confident in the Florida medical market, viewing it as a strategic long‑term growth opportunity despite the failed November 2024 attempt to legalize adult‑use cannabis. In a recent analysis, Forbes ...
Psychedelics Company Atai Life Sciences Files For Nasdaq Listing
NEW YORK– Atai Life Sciences are priming to become the second psychedelics company to list on a major U.S. exchange, following COMPASS Pathways (to which Atai is connected). The German headquartered biotech firm filed Tuesday ...
Numinus Announces Phase 1 Clinical Trial of Psilocybin Mushroom Extraction
VANCOUVER, BC–Numinus Wellness Inc. (TSXV: NUMI), a mental health care company advancing innovative treatments and safe, evidence-based psychedelic-assisted therapies, announced today that it has formed a partnership with KGK Science, a leading contract research organization ...
Würk Raises $3.5m in Series AA funding
DENVER– WÜRK, a Human Capital Management company for the cannabis industry, announced the close of its oversubscribed $3.5 million Series AA round of financing, by existing investors. The round was led by Wurk Investment Partnership ...
Harborside Reports Fourth Quarter and Full Year 2020 Financial Results
OAKLAND–Harborside (CSE: HBOR) (OTCQX: HBORF), a California-focused, vertically integrated cannabis enterprise, today reported its financial results for the fourth quarter and full year ending December 31, 2020. Management Commentary "2020 marked a turning point year ...
Mindset Pharma Presenting at H.C. Wainwright “Psychedelics in Psychiatry and Beyond” Virtual Conference
TORONTO– Mindset Pharma Inc. (CSE: MSET) (FSE: 9DF) (OTCQB: MSSTF) announced that it has been invited to present at the H.C. Wainwright "Psychedelics In Psychiatry and Beyond" Virtual Conference being held on June 17, 2021. James ...
More Proposed Acquisitions In Cannabis Decided By Shareholder Votes
VANCOUVER, B.C.,– Aphria Inc (NASDAQ: APHA) (TSX: APHA) has seen its shareholders approve the proposed merger with that of Tilray Inc (NASDAQ: TLRY). Following the approval, Tilray is now one step closer to acquiring all the outstanding shares of ...
Broken Coast Enters Concentrates Adding Wax to its Product Offerings
LEAMINGTON, ON–Aphria Inc. (TSX: APHA) and (NASDAQ: APHA), a leading global cannabis-lifestyle consumer packaged goods company, today announced that Broken Coast Cannabis Inc. is entering the concentrates category with the addition of Wax to its premium product ...
Cannabics Pharma Launches Program Developing Melanoma Treatment Drug Candidate for FDA Approval
TEL AVIV–Cannabics Pharmaceuticals Inc. (OTCQB: CNBX), a developer of cancer related cannabinoid-based medicine, announced today the launching of a new research program for the development of a Melanoma antitumor targeting medicine. The announcement comes amidst ...
Montana Recreational Cannabis Legalization Bill Passes Senate
HELENA, Mont. — The Montana State Senate passed a bill to implement a recreational cannabis program in the state. The bill passed the Senate with a 34-16 vote, this past Friday, 23rd of April. It ...
Quick Guide: What is THC Distillate?
OAKLAND – The world of edible cannabis has changed dramatically since the swinging 1960s when pot brownies first hit the scene. Long gone are the days when some ground-up stems and shake were tossed into ...
Quick Guide: Using A Bong To Enjoy Cannabis
OAKLAND –It seems like there are over a million and one ways to consume cannabis nowadays. From dainty dabs to delicious dried fruit edibles, dosing THC, CBD, or one of the other lesser-known cannabinoids is ...
Harborside Fails In Long-Shot Legal Bid To Overturn Unfair Industry Tax Burden
SAN FRANCISCO – A U.S. appeals court has rejected the dispensary and branded cannabis products chain, Harborside, in their bid to overturn Section 280E of the Internal Revenue Code. The U.S. 9th Circuit Court of ...
CBD Drinks Brands CENTR Signs Distribution Agreement With Southern Glazer’s Wine & Spirits
VANCOUVER, B.C.– CENTR Brands Corp. (CSE: CNTR) (FSE: 303) (OTCQB: CNTRF) today announced a U.S. distribution agreement with Southern Glazer's Wine & Spirits. Southern Glazers are a leading global alcoholic beverages distributors. Under the agreement, ...
Sundial Increases Commitment to SunStream
CALGARY–Sundial Growers Inc. (NASDAQ: SNDL) announced that it has increased its commitment to SunStream Bancorp Inc. to $188 million from its previously announced commitment of $100 million. SunStream is a joint venture between Sundial and ...
Legendary Hashmaker Nikka T Drops New Collab With Doc Green’s
BERKELEY, Calif., – Doc Green’s, the Berkeley, California-based maker of craft solventless cannabis concentrates and infused pre-rolls, has always put the community first. From their rich history as topical makers and proponents of patients’ rights ...
Cannabis Funding Around the World: A Focus on Germany
HCN Investigates – Germany is one of the wealthiest European nations. It also has some of the world’s most progressive politics, making Deutschland a perfect fit for the global cannabis industry. In the first two ...
Inner Spirit Holdings Announces Launch of Trading on U.S. OTCQB Venture Market
CALGARY–Inner Spirit Holdings Ltd. (CSE: ISH) (OTCQB: INSHF), a Canadian company that has established a national network of Spiritleaf retail cannabis stores, today announced it will commence trading on the OTCQB Venture Market, a U.S. ...
Psychedelic Experience Launches New Website To Help Navigate The World of Psychedelics
NEW YORK– Psychedelic Experience will be launching a new website to help aspiring and experienced psychonauts traverse the ever-changing landscape of psychedelics. Inspired by the psychedelic renaissance and the rapid developments in legalization around the world, ...
420 Cannabis Hoilday Retail Traffic Up 10% in 2021
DENVER –Cannabis retail traffic was up 9.5%, and sales rebounded 8.4% year-over-year on 4/20, according to Cova Software. While major outages plagued several big POS systems, Cova reported its 4th straight year of perfect uptime ...
Dragonfly Biosciences Launches Global Outreach Into Australia
LONDON– Dragonfly Biosciences UK makers of a leading seed to shelf range of CBD oils and skincare products has formed a non-exclusive distribution agreement with Health House International Australia, enabling the sale of Dragonfly CBD ...
Psilocybin As Effective As Antidepressants, According To Study
OAKLAND – Psilocybin, the active ingredient in “magic” mushrooms, has long been celebrated for its potential to be used as an alternative to powerful pharmaceutical drugs in the treatment of mental health conditions, and new ...
A LIFE IN A DAY: Brett Puffenbarger: Cannabis Industry Personalities
BRETT PUFFENBARGER is a multi-talented cannabis and hemp professional experienced across a broad range of categories of the "green rush." He’s co-founder CEO of consulting firm Good Highdeas which is focused on due diligence and ...
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 ...
