Legal Affairs
Senator Lankford Introduces Bill to Prevent Tax Deductions for Cannabis Businesses
LOS ANGELES- Senator James Lankford (R-OK) introduced the "No Deductions for Marijuana Businesses Act," aiming to prevent cannabis businesses from deducting business expenses on their federal taxes, even if cannabis is rescheduled under federal law. ...
What You Need to Know: Mergers, Acquisitions, and Consolidation
LOS ANGELES—Every CFO needs to know that navigating mergers, acquisitions, and consolidation in cannabis and psychedelics industries requires a deep understanding of business valuation complexities and strategic deal-making. Effective M&A strategies are crucial to driving ...
Atai Life Sciences Reports Positive Results from BPL-003 Phase 2a Study
LOS ANGELES- Atai Life Sciences has announced favorable outcomes from a Phase 2a open-label study evaluating BPL-003, an intranasal formulation of 5-MeO-DMT benzoate, in patients with moderate to severe alcohol use disorder (AUD). The study ...
Trulieve Throws the Kitchen Sink at Adult-Use Cannabis in Florida
MIAMI — (HCN) As Florida’s November 5th election approaches, Trulieve, a dominant force in the state’s medical cannabis market, is making an unprecedented push to legalize adult-use cannabis. With a jaw-dropping $141 million contribution to ...
Industrial Hemp Market Poised for Growth, Projected to Reach $25 Billion by 2032
LOS ANGELES-The industrial hemp market is projected to grow substantially, with a forecasted compound annual growth rate (CAGR) of 17.29% through 2032, reaching an estimated value of $25.33 billion. This growth is primarily driven by ...
Massachusetts Ballot to Decide on Psychedelics Legalization in November
LOS ANGELES- Massachusetts voters are set to decide on a significant measure this November with Question 4, a ballot initiative to legalize certain plant-based psychedelics, including psilocybin, mescaline, and dimethyltryptamine (DMT). If approved, Massachusetts would ...
France: The Investment Landscape of the Medical Cannabis Sector
PARIS — Encouraged by the advances of Germany, the investment climate in France's medical cannabis industry is evolving on a promising trajectory, marked by a transition from a history of strict prohibition and stigma to ...
Senator Lankford Introduces Bill to Prevent Tax Deductions for Cannabis Businesses
LOS ANGELES- Senator James Lankford (R-OK) introduced the "No Deductions for Marijuana Businesses Act," aiming to prevent cannabis businesses from deducting business expenses on their federal taxes, even if cannabis is rescheduled under federal law. ...
What You Need to Know: Mergers, Acquisitions, and Consolidation
LOS ANGELES—Every CFO needs to know that navigating mergers, acquisitions, and consolidation in cannabis and psychedelics industries requires a deep understanding of business valuation complexities and strategic deal-making. Effective M&A strategies are crucial to driving ...
Atai Life Sciences Reports Positive Results from BPL-003 Phase 2a Study
LOS ANGELES- Atai Life Sciences has announced favorable outcomes from a Phase 2a open-label study evaluating BPL-003, an intranasal formulation of 5-MeO-DMT benzoate, in patients with moderate to severe alcohol use disorder (AUD). The study ...
Curaleaf completes new $50 million revolving credit facility
Curaleaf Holdings, Inc. (OTCQX: CURLF), a leading U.S. provider of consumer products in cannabis, today announced successful completion a new $50 million, three-year secured revolving credit facility. The net proceeds from borrowings under the credit ...
Four Cannabis Social Justice Organizations to Know
Cannabis has evolved from being the Nixon-era’s scapegoat to a modern element of pop culture that’s becoming a vibrant, booming industry. Last year alone, we’ve generated tens of thousands of jobs, crime rates have plummeted, ...
Dutch Government Mandates Ugly Packaging For Newly Regulated Cannabis Brands
DEN HAGUE – The cannabis sold in the Netherlands is sold in coffee shops or hash bars dotted around Holland in cities like Amsterdam and Rotterdam. These coffee shops act as in-site consumption lounges. Despite ...
Aurora Cannabis Layoffs Continue Despite Cannabis Stocks Boom
Edmonton-based Aurora Cannabis (ACB) have stopped production at their Aurora Sun property in Medicine Hat. About 30 workers were made redundant. Aurora’s Vice President of Communications, Michelle Lefler says that the facility is now offline. ...
Cannabis Consumption Up Amidst Pandemic
In light of mandatory lockdowns put in place in response to the COVID-19 pandemic, it appears fun-seekers are changing up their consumption habits. According to a new study, the dormant club scene in New York ...
Cannabis Stocks Jump On Democrat Wins In Georgia
Cannabis stocks soared this week, riding the blue wave that washed over the state of Georiga. Two run-off Senate races saw a Democratic sweep, cementing majority control for the party. The Rev. Raphael Warnock and ...
Canopy Growth Files Patent Infringement Lawsuit Against GW Pharma
Canopy Growth claims GW Pharma has been illegally utilizing extraction technology they hold the exclusive rights to.
Snoop Dogg-Led Investment Fund Casa Verde Capital Closes Nearly $100 Million Round
Cannabis investments are heating up yet again. This time, it’s good news for Casa Verde Capital, the fund run by Snoop Dogg (real name Calvin Broadus), Ted Chung, and Karan Wadhera. Casa Verde closed a ...
Canadian Cannabis Companies Aphria and Tilray Announce Merger
Two of Canada’s leading licensed producers of legal cannabis have announced plans to merge. Ontario-based Aphria Inc. and British Colombia-based Tilray Inc. are joining forces and will be the largest marijuana producer in the world ...
US House Votes To Legalize Cannabis With Passing of MORE Act
In a watershed moment for the cannabis legalization movement, the United States House of Representatives on December 4th voted to remove the plant from the Schedule I list. The Marijuana Opportunity Reinvestment and Expungement Act, ...
Jay-Z Named Chief Visionary Officer Of Newly Minted California Cannabis Powerhouse
NEW YORK – Hip-hop mogul Shawn “Jay-Z” Carter has never shied away from proclaiming his adoration for cannabis in his music but the rapper and entrepreneur is taking his passion for the plant one step ...
5 Unique Benefits of Delta-8-THC
The cannabis plant has hundreds of active compounds, including dozens of different cannabinoids. While THC and CBD remain the dominant players in the marketplace, several lesser-known cannabinoids are beginning to gain traction. One such molecule ...
What is THC Distillate?
What is THC Distillate? 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 ...
UN Approves WHO Recommendation On Rescheduling Medical Cannabis
In a move that could have a massive impact on marijuana reform efforts worldwide, the United Nations Commission on Narcotic Drugs (CND) has accepted a recommendation put forth by the World Health Organization (WHO) to ...
Top 7 Tips for Selling CBD Wholesale
A new study suggests that the CBD industry will grow to $20 billion by 2024. Thousands of entrepreneurs around the country have followed in the footsteps of major retail chains like Kroger, CVS, and American ...
Everything You Need to Know About Hemp Biomass
Mature, female Cannabis sativa plants consist of many different constituent parts, and not all of these parts are needed to make popular, cannabinoid-rich bulk products like hemp flower and CBD extract. While these leftover components ...
What Will the Cannabinoid Market Look Like in 2025?
If you had known ahead of time that the domestic CBD market would explode in 2017, what would you have done differently? There’s no need to wonder—a new opportunity is now arising that could completely ...
Top 7 Reasons You Should Use Topical CBD Products
There’s a common misconception that CBD topicals are less effective than other types of hemp products, but the truth is that topical CBD products like lotions, balms, and creams simply have different effects. These unique ...
Top Athletes Who Use CBD
Even among some of the world’s greatest athletes, the acronym “CBD” is uttered with the same near-reverential awe that has accompanied this cannabinoid’s explosion into global popularity. Average consumers and world-class athletes are united in ...
The Hive: How The Cannabis Industry Is Connecting During COVID
The cannabis industry is a hyper-connected, community-driven space. Conferences, parties, and networking events dominated the scene — that is until an unprecedented pandemic turned the world upside down. With so much riding on in-person experiences ...
November 11th’s Movers and Shakers
The cannabis industry continues to boom, despite the ongoing global pandemic. Sales are strong, new products continue to be launched, and public opinion of cannabis law reform is better than ever before. Who in the ...
What Is THC?
The cannabis sativa plant is extremely intricate, containing hundreds of unique compounds. Arguably the most famous active ingredient in marijuana is the cannabinoid THC. Short for tetrahydrocannabinol, the THC chemical is associated with the psychoactive ...
Weed Wins Big In Election 2020
The 2020 election season in the United States was one of the most politically divisive of all-time but one result was clear: Americans want legal cannabis. Pot stocks soared after news that voters in ...
What Is Live Resin?
When it comes to cannabis concentrates, there are seemingly endless options. From shatter to rosin, dabbing fans have plenty of products from which to choose. One extremely popular variety is called live resin extract. Available ...
Will November finally bring cannabis legalization?
2020 has been a long rough year as of late. But, we’re due for some excitement with the upcoming election November 3rd. With changes due under whichever presidential management, it’s a unique time to prepare ...
