Legal Affairs
Hemp Fiber Market Set to Soar to $30 Billion by 2033, New Analysis Reveals
LOS ANGELES – The global hemp fiber market is poised for explosive growth, with a recent analysis forecasting a valuation exceeding $30 billion by 2033. According to a report by Astute Analytica, the market, valued ...
Turkish Parliament Legalizes Medical Cannabis Sales
ANKARA – In a pivotal decision, the Turkish Parliament has passed a groundbreaking law establishing the controlled sale of low-THC medical cannabis products in licensed pharmacies, representing a transformative shift in the nation's healthcare system. ...
ANALYSIS: Germany’s Dual Medical Cannabis Market: A Tale of Two Systems
BERLIN- Since legalizing medical cannabis in 2017, Germany has built one of Europe’s most advanced frameworks for patient access. But today, two distinct markets dominate the scene: the slower-growing, regulated reimbursed segment and the dynamic, ...
U.S. Cannabis Companies Face EBITDA Declines Amid Margin Pressures But Growth Expected in 2026
NEW YORK- As of April 1, 2025, most major publicly traded U.S. cannabis companies have released their financial results for the fourth quarter of 2024. An analysis by Viridian Capital Advisors reveals that eight out ...
Trump Administration Attributes D.C. Disorder to Cannabis Decriminalization
LOS ANGELES- President Donald Trump has signed an executive order titled "Making the District of Columbia Safe and Beautiful," establishing the D.C. Safe and Beautiful Task Force. This initiative aims to address public safety and ...
Florida Appeals Court Reduces Drug-Trafficking Conviction to Possession
LOS ANGELES- A Florida appeals court has overturned a drug-trafficking conviction, reducing it to a possession charge due to the inability to distinguish between illegal cannabis and legal hemp. The Second District Court of Appeal ...
Psilocybin Law Reforms Gain Momentum Across the United States
LOS ANGELES- Efforts to reform psilocybin laws are accelerating nationwide, with several states making significant strides toward decriminalization or legalization of the psychoactive compound found in "magic mushrooms." In Colorado, voters approved Proposition 122 in ...
Hemp Fiber Market Set to Soar to $30 Billion by 2033, New Analysis Reveals
LOS ANGELES – The global hemp fiber market is poised for explosive growth, with a recent analysis forecasting a valuation exceeding $30 billion by 2033. According to a report by Astute Analytica, the market, valued ...
Turkish Parliament Legalizes Medical Cannabis Sales
ANKARA – In a pivotal decision, the Turkish Parliament has passed a groundbreaking law establishing the controlled sale of low-THC medical cannabis products in licensed pharmacies, representing a transformative shift in the nation's healthcare system. ...
ANALYSIS: Germany’s Dual Medical Cannabis Market: A Tale of Two Systems
BERLIN- Since legalizing medical cannabis in 2017, Germany has built one of Europe’s most advanced frameworks for patient access. But today, two distinct markets dominate the scene: the slower-growing, regulated reimbursed segment and the dynamic, ...
Cannabis Vape Devices Market Size To Reach $16 Billion By 2028
FELTON–The global Handheld Cannabis Vaporizer Market size is expected to reach USD 15.77 billion by 2028, registering a CAGR of 6.0% over the forecast period, according to a new report by Million Insights. What are Key Factors Driving ...
Akerna Announces Financial Results for the First Quarter 2021
DENVER– Akerna (Nasdaq: KERN), an enterprise software, and compliance technology provider, today reported its unaudited financial results for the quarter ended March 31, 2021. "Our first quarter was a strong start to 2021, with increasing ...
A Land Rush Is Underway in New Jersey and New York For Cannabis Real Estate
SACRAMENTO–Research shows the cannabis industry is currently seeing a land rush underway as real estate speculators and cannabis entrepreneurs are getting an early start on securing properties in New Jersey and New York that will ...
The Green Organic Dutchman Reports First Quarter 2021 Results
TORONTO–The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (US: TGODF), a leading producer of premium certified organically grown cannabis, reports its unaudited interim financial results for the quarter ended March 31, 2021. Management Commentary: "This ...
2021 Salary Guide Shows Double-Digit Compensation Increases for Cannabis Executives
SAN DIEGO–Cannabiz team, a cannabis-focused executive search and staffing firm, today announced the release of its latest Cannabis Industry Salary Guide for Q2 2021. This is the third edition of CannabizTeam's national Salary Guide, created ...
Cardiol Therapeutics Closes $22 Million Bought Deal Offering
ONTARIO–Cardiol Therapeutics Inc. (TSX: CRDL), a clinical-stage biotechnology company focused on developing innovative anti-inflammatory therapies for the treatment of cardiovascular disease, is pleased to announce the closing of its previously announced "bought deal" short form prospectus ...
GrowGeneration Reports First Quarter 2021 Financial Results
DENVER– GrowGen Corp (NASDAQ: GRWG), a chain of specialty hydroponic and organic garden centers with 53 locations across 12 states, today reported record first quarter 2021 revenues of $90 million, versus $33 million in the ...
Sundial Reports First Quarter 2021 Financial and Operational Results
CALGARY–Sundial Growers Inc. (NASDAQ: SNDL) reported its financial and operational results for the first quarter ended March 31, 2021. All financial information is reported in millions of Canadian dollars. FIRST QUARTER 2021 FINANCIAL AND OPERATIONAL ...
A LIFE IN A DAY: Nikki Lawley: Cannabis Industry Personalities
NIKKI LAWLEY is a passionate medical cannabis advocate with a growing network of cannabis patients who suffer from traumatic brain injury. She discovered cannabis after suffering a ''TBI,'' or traumatic brain injury, along with a ...
Aleafia Health Reports 2021 First Quarter Results
TORONTO–Aleafia Health Inc. (TSX: AH, OTCQX: ALEAF) reported its financial results for the three months ended March 31, 2021. “This quarter saw us achieve important executional breakthroughs as we realized the exponential increase of our ...
Trulieve Acquire Harvest Health In All-Stock Cannabis Deal Valued At About $2.1 Billion
TALLAHASSEE, Fla. and PHOENIX–Trulieve Cannabis Corp. (CSE: TRUL) (OTC: TCNNF) and Harvest Health & Recreation Inc. (CSE: HARV, OTCQX: HRVSF) announced they have entered into a definitive arrangement agreement in which Trulieve will acquire all of the ...
BioHarvest Launches In USA via E-commerce Platform VINIA.com
VANCOUVER, B.C.–BioHarvest Sciences Inc. (CSE: BHSC) announces that online sales of its flagship VINIA product in the United States will commence via its vinia.com website this month. This milestone represents a turning point for BioHarvest ...
Alphagreen European CBD Market Places Expands Wholesale Offering
LONDON– The CBD industry is here to stay and more and more retailers are starting to embrace what is likely to be the single biggest driver of the health and wellness market over the next ...
ASTM International Announces New Cannabis Standards, Launches Microsite
W. CONSHOHOCKEN, Pa.,–ASTM International's cannabis committee (D37) announced a slate of new standards to support cannabis vocations. ASTM also launched a new microsite that will serve as a central resource for all ASTM International cannabis ...
TerrAscend Opens Largest Apothecarium on the East Coast
NEW YORK and TORONTO–TerrAscend Corp. (CSE:TER) (OTCQX: TRSSF), a leading North American cannabis operator, today announced the grand opening of its second New Jersey medical cannabis dispensary. The 6,500 square foot dispensary, located at 1865 ...
Global Widget CBD Gummies Launch Line Of Immune Support Gummies
TAMPA–Global Widget, the manufacturer and distributor of CBD brands Hemp Bombs® and Nature's Script™, announced the launch of a health and wellness line of gummies called Defense Boost™ that uses natural ingredients such as elderberry and apple ...
Skittles Sues THC-Infused Zkittlez For Trademark Infringement
CHICAGO– Mars, the owner of Skittles candies, filed complaints against Terphogz, the maker of THC-infused candy Zkittlez, for trademark infringement. (Image: Skittles, Mars Wrigley Inc) One of the complaints filed in the U.S. District Court ...
High Tide Closes Acquisition of Leading CBD E-Commerce Retailer FABCBD
CALGARY, AB–High Tide Inc. (TSXV: HITI) (OTCQB: HITIF) (FRA: 2LY), a retail-focused cannabis corporation enhanced by the manufacturing and distribution of consumption accessories, is pleased to announce that it has completed the acquisition of Fab ...
New Research Finds Rise of Frequent Cannabis Vaping Among U.S. High School Seniors
NEW YORK–Frequent cannabis vaping, defined as vaping at least 10 times a month, more than doubled among high school seniors in the United States between 2018 and 2019, according to new research from NYU Grossman ...
Legendary Washington Brand Sitka Hash House Launches in California
LOS ANGELES – Sitka Hash House, the legendary Hashish brand founded in 2012, today announced their California launch and the roll-out of exotic, handmade hashish-based products curated for today’s cannabis consumer. Crafted in the Lebanese-Style ...
Entheon Biomedical Uplists on OTCQB Venture Market
VANCOUVER, B.C.– Entheon Biomedical Corp. (CSE: ENBI) (OTCQB: ENTBF) (FSE: "1XU1"), a biotechnology company focused on developing psychedelic medicines to treat addiction, announces it has been approved for trading on the OTCQB Venture Market effective ...
GreenGro Technologies Announce Plans To Uplist to OTCQB Market
ANAHEIM–GreenGro Technologies, Inc. (OTC PINK: GRNH), a provider of eco-friendly green technologies for the industrial hemp and cannabis industries, today announced that it has initiated its plan to upgrade its position in the public markets ...
New Study Finds People Turned to Cannabis During the Pandemic to Feel Happier
DENVER–Did the stressors of COVID-19 drive more Americans to use medical cannabis as an alternative tool for managing their mental health? A new national study exploring this question found a positive correlation between national demand ...
New Consumer Poll Reveals Sustained Surge in Cannabis Delivery Over A Year into Pandemic
LOS ANGELES– Ganja Goddess, a California-based premium online shopping, delivery and lifestyle brand that caters to cannabis consumers statewide in California, released its third consumer trend poll conducted during the pandemic, revealing a lasting change ...
BREAKING: Sundial Growers Acquires Inner Spirit Holdings & Spiritleaf Retail Cannabis Network
CALGARY, A.B.–Sundial Growers Inc. (NASDAQ: SNDL) and Inner Spirit Holdings Ltd. (CSE: ISH) (OTCQB: INSHF) announced they've entered into an agreement in which Sundial will acquire all of the issued and outstanding common shares of ...
