Legal Affairs
POSaBIT Captures Majority of Cannabis Transactions in Washington State
LOS ANGELES- POSaBIT Systems Corporation a provider of point-of-sale and payments infrastructure in the cannabis industry, now processes over 85% of all cannabis point-of-sale transactions in Washington State. Established in 2015, POSaBIT has expanded ...
Hemp-Derived Products Influence Cannabis Market Dynamics
LOS ANGELES- The 2018 Farm Bill's legalization of hemp cultivation has significantly impacted the cannabis industry, leading to the emergence of various hemp-derived products that are reshaping market dynamics. One notable development is the ...
High Tide Reports Q1 Revenue
LOS ANGELES- High Tide Inc. a Canadian cannabis retailer, announced its financial results for the first quarter ended January 31, 2025, reporting revenue of CAD 142.5 million, an 11% increase from the same period last ...
Massachusetts Cannabis Market Sees Surge in Strain Diversity
LOS ANGELES- As of December 2024, Massachusetts' legal cannabis market boasts 740 active strains, marking a 29% increase from the 572 strains available in December 2023 and an 84% rise from 401 strains in December ...
Arizona Cannabis Sales and Tax Revenue: Recent Trends and Milestones
LOS ANGELES- In October 2024, Arizona's cannabis industry experienced a modest rebound, with recreational marijuana sales reaching $75.3 million, up from $67.3 million in September. Despite this month-over-month increase, sales remained below the previous year's ...
Trump’s Appointments and the Future of Federal Cannabis Policy
LOS ANGELES- The Trump administration’s recent appointments have raised questions about the trajectory of federal cannabis policy. With nominees holding diverse views on legalization and regulation, the decisions made in the coming months will play ...
Oh Cannabis, An Industry Is Yet To Land…
TORONTO—It didn’t have to be this way. I mean, in spite of what so many whinge and whine about, Canada had a lot to leverage. Canada is pretty big, with a population of about 40 ...
POSaBIT Captures Majority of Cannabis Transactions in Washington State
LOS ANGELES- POSaBIT Systems Corporation a provider of point-of-sale and payments infrastructure in the cannabis industry, now processes over 85% of all cannabis point-of-sale transactions in Washington State. Established in 2015, POSaBIT has expanded ...
Hemp-Derived Products Influence Cannabis Market Dynamics
LOS ANGELES- The 2018 Farm Bill's legalization of hemp cultivation has significantly impacted the cannabis industry, leading to the emergence of various hemp-derived products that are reshaping market dynamics. One notable development is the ...
High Tide Reports Q1 Revenue
LOS ANGELES- High Tide Inc. a Canadian cannabis retailer, announced its financial results for the first quarter ended January 31, 2025, reporting revenue of CAD 142.5 million, an 11% increase from the same period last ...
A Return to Live Cannabis Events in 2021: Wishful Thinking or Exciting Reality?
The coronavirus pandemic has forced many changes in our society. For the cannabis community, it has put the brakes on conferences, smoke sessions, and parties integral to pushing the needle forward. But with vaccine inoculations ...
Virginia Cannabis Retail Sales Scheduled To Begin in 2024
RICHMOND – With 68% of Virginia’s registered voters support legalizing cannabis, the Virginian General Assembly voted Friday to allow cannabis possession, manufacture and sale. Under the bill passed by their Senate on Friday, simple possession ...
Soccer Legend Boosts Cannabis Company In London Stock Exchange Debut
LONDON, England – A cannabinoids company backed by David Beckham and benefiting from his super-stardom will this week become the first company of its kind to formally unveil plans for a main London stock market ...
New Research: Cannabis Not Connected To Rise In Substance Abuse
PHILADELPHIA – Colorado and Washington legalization of cannabis is not associated with any increase in teens or young adults seeking drug abuse treatment for hard drugs like opioids, cocaine, or methamphetamine, according to data published in ...
Cannabis Social Equity Bill Introduced in Oregon
PORTLAND – Repairing the harm from decades of inequity from the War on Drugs is the goal of the Cannabis Social Equity Act introduced this week by a coalition of legislators in the Oregon State Legislature. ...
7 Top Tips for Selling CBD Wholesale
How do you become successful selling CBD oil wholesale? Check out our top 7 tips for sharing CBD with your customers – and being rewarded. A new study suggests that the CBD industry will grow ...
Idaho Senate Votes To Banish Cannabis Medicines
BOISE – Idaho's Republican-dominated Senate have mustered the votes needed to pass a measure effectively banning cannabis in the Gem state with a 24-11 vote. A proposed constitutional amendment that would prevent the legalization of ...
Could Clubhouse Be The Next Big Thing In Cannabis Networking?
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, but nothing has ...
Is This The End Of Cannabis Tourism In Amsterdam?
Amsterdam is a vibrant city known for its eclectic mix of bicycles, tulips, the Golden Age of art, the Red Light district, and of course, coffee shops. But the iconic cannabis community these coffee shops ...
Kool Cigarettes Sues Bloom Cannabis For Logo Infringement
GREENSBORO, N.C. – Tobacco producer ITG has sued a California cannabis company Capna Intellectual doing business as Bloom Brands accusing it of infringing upon its logo. ITG say Bloom's interlocking OO design (pictured) was too ...
Medical Cannabis Producer GW Pharmaceuticals Sold For $7.2 Billion
DUBLIN, IRELAND – Ireland-based Jazz Pharmaceuticals said on Wednesday it would buy GW Pharmaceuticals in a $7.2 billion cash-and-stock deal to bolster its neuroscience business by adding cannabis-based epilepsy treatment. The neuroscience unit will spearhead Jazz’s ...
Senate Democrats Advance Plan For Federal Legalization Of Cannabis
WASHINGTON – Sens. Cory Booker (D-NJ), Ron Wyden (D-OR), and Chuck Schumer (D-NY) issued a combined news release yesterday saying they would work together to advance comprehensive cannabis reform legislation in the current Congress. “The ...
First Psychedelics ETF Begins Trading On Canada’s NEO Exchange
TORONTO – Horizons Psychedelic Stock Index ETF is now listed on Toronto’s NEO exchange as ‘PSYK.’ PSYK will be the first exchange traded fund providing exposure to the emerging industry of medicinal psychedelics. The ETF ...
Psilocybin Decriminalization Inches Forward At State Level
HONOLULU – With Oregon leading the way in the decriminalization of drugs, other states are following suit. A state bill to legalize psilocybin treatment was introduced in the Hawaii Senate last Friday. If approved, SB ...
Oregon Begins Treating Addiction As Public Health Crisis
PORTLAND – Oregon's new law Measure 110, passed last November decriminalized drugs in that state. Oregon reclassifies possession of small amounts of drugs (e.g. less than one gram of heroin, 40 units of LSD, or 12 ...
Opioid Deaths Decline When Cannabis Dispensaries Nearby
UNIVERSITY OF CALIFORNIA, DAVIS – Deaths from overdoses of opioids — a class of drugs that include heroin, prescription pain relievers such as oxycodone, and synthetic opioids such as fentanyl, have risen sharply in the ...
Papa & Barkley Hires Beauty Industry Leader As New CEO
EUREKA, Calif., – Papa & Barkley, a leading cannabis wellness products company in California, today announced various promotions and additions to its executive team. Evelyn Wang has joined the company as its new Chief Executive Officer. Zeeshan Hyder has joined ...
Tilray CEO Sees US Cannabis Prohibition Ending by 2023
TORONTO – Brendan Kennedy, CEO of Canadian cannabis company Tilray, is optimistic that the United States will take steps toward federal legalization of cannabis in the near future, in statements reported today on CNBC. "I ...
Gage Cannabis Closes $50 Million Reg A+ Financing, Seeks To Go Public In Q1 2021
DETROIT – Forbes has reported today that Gage Cannabis Co. a leading high-quality craft cannabis brand and operator in Michigan, have closed at $50M Reg A+ financing round. It previously secured a minimum investment of ...
COOKIES Launch ”CAPS” A Blend of Mushrooms, Cannabinoids, and Terpenes
SAN FRANCISCO – International cannabis lifestyle brand COOKIES gives consumers an all-new way to manage their health and wellness with the launch of a novel three-in-one capsule product line that combines mushrooms, cannabinoids and terpenes designed to ...
New U.S. Senate Leader Endorses Ending Cannabis Prohibition
WASHINGTON – The change in Senate leadership means the increased potential for a number of policy areas to be addressed, including cannabis policy reform. With Majority Leader Chuck Schumer (D-N.Y.) now the first head of the upper ...
New Mexico Moves Ahead With Recreational Cannabis Legalization Plan
SANTA FE – Gov. Michelle Lujan Grisham on Thursday announced her support for a measure to legalize recreational cannabis in New Mexico for adults aged 21 and older, an economic development driver that would create ...
MedMen Must Pay Ex-CFO At Least $500K In Legal Fees
LOS ANGELES – A California state court ordered cannabis retailer, MedMen, to pay its former CFO $500,000 reimbursement of legal fees amid his retaliatory firing suit, noting his contract covered attorney fees in any eventuality. ...
Hawaii Cannabis Tax Proposal Plugs Budget Shortfalls
HONOLULU – 15 states in the United States have already legalized cannabis for recreational use. With Hawaiian tourism revenues vanishing with COVID, it's no surprise some Hawaii lawmakers are considering legalizing recreational cannabis. Despite years ...
Harvest Health & Recreation Uses Sale And Leaseback To Fund Florida Expansion
PHOENIX – Harvest Health & Recreation Inc. (CSE: HARV), a vertically integrated cannabis company and multi-state operator in the U.S., today announced the closing of a sale leaseback transaction with Innovative Industrial Properties, Inc. ("IIP") ...
