Legal Affairs
Israel Faces Mental Health Crisis Post-October 7 Attacks: Evaluating Medical Cannabis for PTSD Treatment
LOS ANGELES- In the aftermath of the October 7, 2023, attacks, Israel confronts a significant mental health crisis, with an estimated 580,000 citizens exhibiting severe post-traumatic stress disorder (PTSD) symptoms. This surge has intensified discussions ...
Texas Senate Passes Bill to Ban Hemp THC
DALLAS–The Texas Senate has taken a major step toward banning consumable hemp products that contain THC or other intoxicating cannabinoids, a move that could severely impact an $8 billion industry employing approximately 50,000 workers. On ...
Planet 13 Schedules Release of Q4 2024 Financial Results
LOS ANGELES- Planet 13 Holdings Inc. a vertically integrated multi-state cannabis company, has announced that it will release its financial results for the fourth quarter and full year ending December 31, 2024, on March 26, ...
Portugal Eyes Leadership Role in Global Medical Cannabis Market
LOS ANGELES- Portugal is positioning itself as a significant player in the medical cannabis industry, leveraging its favorable climate and regulatory framework to boost production and exports. In 2023, the country exported nearly 12,000 kilograms ...
Hemp Industry Anticipates Expansion
LOS ANGELES- The U.S. Hemp Roundtable, a leading advocacy organization for the hemp sector, has strengthened its leadership by appointing two prominent figures from the hemp beverage industry. In September 2024, Art Massolo, Vice President ...
Federal Restrictions on Cannabis Sales in Washington
LOS ANGELES- A coalition of Republican lawmakers and Washington, D.C. officials is advocating for the removal of federal restrictions that prevent the District from regulating and taxing cannabis sales. During a recent House Appropriations subcommittee ...
Illinois Cannabis Market Leads in Diversity with 100th Social Equity Dispensary
LOS ANGELES- In July 2024, Illinois marked a significant milestone by opening its 100th social equity-owned cannabis dispensary, underscoring the state's commitment to fostering diversity within the industry. A comprehensive study by the Cannabis Regulation ...
Israel Faces Mental Health Crisis Post-October 7 Attacks: Evaluating Medical Cannabis for PTSD Treatment
LOS ANGELES- In the aftermath of the October 7, 2023, attacks, Israel confronts a significant mental health crisis, with an estimated 580,000 citizens exhibiting severe post-traumatic stress disorder (PTSD) symptoms. This surge has intensified discussions ...
Texas Senate Passes Bill to Ban Hemp THC
DALLAS–The Texas Senate has taken a major step toward banning consumable hemp products that contain THC or other intoxicating cannabinoids, a move that could severely impact an $8 billion industry employing approximately 50,000 workers. On ...
Planet 13 Schedules Release of Q4 2024 Financial Results
LOS ANGELES- Planet 13 Holdings Inc. a vertically integrated multi-state cannabis company, has announced that it will release its financial results for the fourth quarter and full year ending December 31, 2024, on March 26, ...
Former Eaze CEO Pleads Guilty To Conspiracy to Commit Bank Fraud
LOS ANGELES – Well-known Cannabis delivery platform, Eaze, became a household name due to their bright billboards placed on California roads and highways. The "Uber of pot," delivery service was launched in 2014 and was ...
Sundial and Indiva Announce Closing of $22 Million Strategic Investment
CALGARY – Sundial Growers Inc. ("Sundial") (NASDAQ: SNDL), a Canadian licensed producer of recreational cannabis and Indiva Limited ("Indiva") (TSXV:NDVA) (OTCQX:NDVAF), a leading Canadian producer of cannabis edibles, are pleased to announce the closing of the previously announced $22,000,000 ...
Exploring Cannabis Funding Around the World — Europe – Part 1
HCN Investigates – Part 1: Industry Background Despite the fact that this continent comprises 44 separate nations, the approximately 750 million people currently living in Europe are largely united by a shared economic market. This ...
Exploring Cannabis Funding Around the World — Europe – Part 2
HCN Investigates — Funding within the European cannabis industry. Generally speaking, the fledgling European cannabis industry relies on funding models similar to those used in the Canadian recreational and medical marijuana markets. While large investments ...
Will Corporate Interest in Cannabis Help or Hurt the Industry?
OAKLAND – There’s no question cannabis is a booming business with plenty of people seeking their slice of the pie. In a capitalist society such as ours, it’s to be expected that the world’s top ...
New Jersey Governor Murphy Signs Bills Legalizing Cannabis
TRENTON – Gov. Phil Murphy signed three bills today that together legalize cannabis in New Jersey and put an end to thousands of arrests. Finally, New Jersey’s legal cannabis marketplace will be launched and the ...
Colombia Authorizes Cannabis Flower Exports For Commercial Purposes
BOGOTA – The Colombian government will authorize the export of dried cannabis flower for commercial purposes. Currently, Cannabis flower exports from Colombia have been authorized only for scientific purposes. Superintendency of Industry and Commerce (SIC) ...
Exploring Cannabis Funding Around the World – Latin America – Part 1
HCN Investigates – In 2013, Uruguay became the first country to legalize recreational cannabis. Recreational cannabis is now widely available in this nation, but other countries in Latin America have been slow to follow suit. ...
Exploring Cannabis Funding Around the World – Latin America – Part 2
HCN Investigates – Cannabis Funding Details in Latam. With the notable exceptions of Uruguay and Colombia, the Latin American cannabis industry remains in its infancy. While Latin American cannabis will likely be worth more than ...
CBD and Psoriasis: What Does the Research Say?
According to the National Psoriasis Foundation, more than 125 million people around the globe suffer from this immune condition, making psoriasis one of the world’s most widespread diseases. Psoriasis didn’t become this prevalent because it’s ...
HCN Investigates: 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 ...
California Sets In Motion Decriminalization of Psilocybin
SACRAMENTO – Democrat State Senator Scott Wiener, of San Francisco, introduced a bill for California lawmakers on Thursday that would decriminalize substances such as psilocybin, MDMA, LSD, ketamine, DMT and mescaline in that state. California ...
Domestic Cannabis Industry Has Reached 321,000 Full-Time Jobs
The cannabis industry is one of the fastest-growing sectors in the country. It is helping to invigorate local and state economies across the nation and has proven itself to be an essential service as deemed ...
HEXO to acquire Zenabis in $235M all-stock deal
OTTAWA and VANCOUVER, British Columbia, Feb. 16, 2021 (GLOBE NEWSWIRE) -- HEXO Corp. ("HEXO") (TSX: HEXO; NYSE: HEXO) and Zenabis Global Inc. ("Zenabis") (TSX: ZENA) are pleased to announce that they have entered into a ...
Humboldt Bans Hemp to Protect Cannabis Crops From X Pollination
HUMBOLDT, California. The Humboldt County Board of Supervisors voted unanimously on ban last week to protect cannabis cultivation, taxation. Their ban the growing of low-THC hemp plants went into effect Monday, creating one of the ...
Quick Guide: Everything You Need To Know About Hemp Biomass
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 ...
Global Cannabis Market Projected To Reach $90.4 billion In 5 Years
The cannabis industry is booming yet again and new data confirms it. A new report forecasts the global marijuana market to reach a value of $90.4 billion by 2026. The same report puts the current ...
Mile High State Consumed $10 Billion Dollars Of Cannabis
DENVER – Colorado cannabis businesses have cumulatively sold $10 billion of cannabis since 2014, according to new data released by the Colorado Department of Revenue (CDOR) on Tuesday. As of January, the state has collected ...
Roy Bingham Steps Down After 6 Years At BDSA
BOULDER, Colo., Feb. 10, 2021 (GLOBE NEWSWIRE) -- BDSA is pleased to announce Pete Karabas of KEY Investment Partners as chairman of the board as Co-Founder, Roy Bingham, steps down from the chairman role six years after founding the ...
Silo Wellness Hosts First Wellness Retreat in Jamaica
MONTEGO BAY, Jamaica — On the back of their successful capital raise of CA$4.9 million, Silo Wellness will operate it first wellness retreat in Jamaica.This expands Silo Wellness psychedelic retreats in both Jamaica and Oregon, ...
Another Former Politician, Kathleen Sebelius, Joins Cannabis Industry
National Cannabis Roundtable (NCR) has welcomed yet another politician in its ranks. Kathleen Sebelius, the U.S. Department of Health and Human Services secretary under former President Barack Obama, has joined the group to serve as an ...
Ice Cube Joins Celebrity Brand Rush In Cannabis
LOS ANGELES – The trail-blazing Compton rapper, Ice Cube, famous for talking about cannabis in his music, launched his own cannabis line called Fryday Kush, inspired by his iconic movie Friday. “Fryday Kush is made ...
MedMen Set To Report Sales and Forward Plans in 2Q Financials
MedMen Enterprises Inc. ("MedMen" or the "Company") (CSE: MMEN) (OTCQX: MMNFF), a cannabis retailer with operations across the United States, confirmed that it will release its financial results for the second quarter fiscal 2021 ended ...
Top Cannabis Companies And Advocacy Groups Unite To Form The U.S. Cannabis Council
WASHINGTON–(BUSINESS WIRE)–Top cannabis businesses, associations, and advocacy organizations in the United States today launched the U.S. Cannabis Council (USCC), a 501(c)4 nonprofit organization that strategically aligns and unifies its members’ collective voices to advance cannabis ...
