Legal Affairs
TerrAscend Exits Michigan Market; Bay City–Burton Dispensaries to Close
LOS ANGELES -TerrAscend Corp., a publicly traded multi-state cannabis operator, announced plans to exit its Michigan operations by September 2025. The decision includes closing 20 retail outlets, including dispensaries in Bay City and Burton, along ...
Vireo Growth and Curio Wellness Forge Partnership to Enter New York Market
LOS ANGELES- Vireo Growth Inc. and Curio Wellness have announced a manufacturing-and-distribution agreement aimed at introducing Curio’s Best Self Collection into New York’s licensed cannabis market. Vireo will leverage its existing infrastructure to produce and ...
Green Thumb Industries Schedules Q2 2025 Earnings Call for August 6
LOS ANGELES- Green Thumb Industries Inc., a cannabis consumer packaged goods company and operator of RISE dispensaries, announced on July 2 that it will release its second-quarter 2025 financial results after market close on Wednesday, August 6, ...
States Propose Cannabis Tax Hikes Amid Industry Pushback
LOS ANGELES- In Michigan, Governor Gretchen Whitmer's recent $3 billion infrastructure plan includes a proposal to close a cannabis tax loophole, potentially generating an additional $470 million for road repairs. This move has alarmed local ...
British American Tobacco Invests $86.8 Million in Organigram
LOS ANGELES- British American Tobacco (BAT), one of the world's largest tobacco companies, has finalized a strategic investment of approximately $86.8 million (C$124.6 million) in Organigram Holdings Inc., a prominent Canadian cannabis producer. This investment, ...
Arizona Advances Psilocybin Research Initiatives
LOS ANGELES- Arizona legislators have approved measures to promote research into the medical applications of psilocybin, the active compound in certain mushrooms, and to establish a Psilocybin Research Advisory Council. The House Military Affairs & ...
Andy Kovtun Joins Highly Capitalized Network-HCN to Drive Engaging Content Creation
FOR IMMEDIATE RELEASE LOS ANGELES – Highly Capitalized Network-HCN, a leading source of financial news and market insights for the cannabis and psychedelics industries, proudly welcomes Andy Kovtun to its team. With a strong background ...
TerrAscend Exits Michigan Market; Bay City–Burton Dispensaries to Close
LOS ANGELES -TerrAscend Corp., a publicly traded multi-state cannabis operator, announced plans to exit its Michigan operations by September 2025. The decision includes closing 20 retail outlets, including dispensaries in Bay City and Burton, along ...
Vireo Growth and Curio Wellness Forge Partnership to Enter New York Market
LOS ANGELES- Vireo Growth Inc. and Curio Wellness have announced a manufacturing-and-distribution agreement aimed at introducing Curio’s Best Self Collection into New York’s licensed cannabis market. Vireo will leverage its existing infrastructure to produce and ...
Green Thumb Industries Schedules Q2 2025 Earnings Call for August 6
LOS ANGELES- Green Thumb Industries Inc., a cannabis consumer packaged goods company and operator of RISE dispensaries, announced on July 2 that it will release its second-quarter 2025 financial results after market close on Wednesday, August 6, ...
Proposed California Law Ends Workplace Cannabis Urine Tests
SACRAMENTO – Assembly Bill 1256, introduced by Assemblyman Bill Quirk, D-Hayward, (pictured) is intended to prevent employers from using past evidence of marijuana use, such as a hair or urine test, as justification for discrimination ...
Canadian Smoke Shop Player High Tide Posts Annual Revenue Up +166%
CALGARY, AB, – High Tide, a retail-focused cannabis corporation from Canada in the smoke shops market, filed its year-end 2020 financial results on March 1, 2021, the highlights of which include: Revenue increased by 118% ...
NASDA Joins In The Call For Raising THC in Hemp From 0.3% To 1%
AUSTIN – NASDA, is an organization that represents the Commissioners, Secretaries, and Directors of the state departments of agriculture in all fifty states and four U.S. territories. State departments of agriculture are responsible for a ...
Seth Rogen’s Houseplant Company Launched in California Selling Cannabis and Paraphernalia
TORONTO – Canadian actor, film-maker and well-known cannabis advocate, Seth Rogen announced the launch of Houseplant into the USA. Together with Evan Goldberg, his creative writing partner, announced the launch of their cannabis company Houseplant ...
CBD Market Forecast For Significant Growth: 21% CAGR To 2028
PALM BEACH – Due to its healing properties, the demand for cannabidiol (CBD) for health and wellness purposes is high, which is the major factor driving the market growth. In addition, the rising acceptance and use ...
Canopy Growth Enter US CBD Beverages Market
SMITH FALLS, Canada – Canopy Growth (CGC) has launched a hemp-derived CBD water in the U.S., adding to its product offerings in the nation. The new drink is called Quatreau. It will be sold initially on ...
Cannabis Packaging Company Humidi Launch 100% Biodegradable Packaging
LOS ANGELES, – Humidi, a cannabis packaging have announce the launch of HumidiNaturals, which they claim to be a 100% fully renewable and compostable solution servicing the cannabis market. Manufactured in the United States, Humidi ...
Indus Holdings, Inc. acquires Lowell Herb Co. for $39 million
SALINAS, Calif., — Indus Holdings, Inc. (“Indus” or the “Company”) (CSE:INDS; OTCQX: INDXF), a leading, vertically-integrated, California-focused cannabis company, announced the acquisition of substantially all of the assets of the Lowell Herb Co. and Lowell Smokes ...
How Long Does Psilocybin Last After Consumption?
Psilocybin known far more frequently as the intoxicating chemical compound in Magic Mushrooms, is one of the safer substances that doesn’t hang around too long after consumption. It doesn’t pose as much of a threat ...
Prior Cannabis Use No Longer Disqualifies Candidates For White House Jobs
In another example of shifting public perceptions, the Biden administration recently announced new guidelines stating prior cannabis use will no longer automatically disqualify potential political appointees to the Executive Office of the President. White House ...
TerraVida Holistic Centers Inks Agreement to Merge With Verano Holdings
JENKINTOWN, Pa. – TerraVida Holistic Center LLC, a premier, women-owned and operated medical cannabis company in Pennsylvania, is pleased to announce that it has entered into an agreement to merge with Verano Holdings Corp. (CSE: VRNO), ...
Trulieve Partners with the Thurgood Marshall College Fund to Provide College Scholarships
TALLAHASSEE – Trulieve Cannabis Corp. (CSE: TRUL), a leading and top-performing cannabis company in the United States, today announced a new partnership with the Thurgood Marshall College Fund (TMCF), the nation's largest organization exclusively representing the ...
Hanu Labs Appoints African-American Ricardo Willis As Chief Executive Officer
SAN FRANCISCO – Hanu Labs, which operates the Hanu and Vapexhale cannabis technology and accessories brands, today announced that Ricardo Willis has been appointed as Chief Operating Officer. Ricardo Willis, a longtime strategic advisor to ...
Tommy Chong partners with Swiss Company To Launch A European CBD Line
ZURICH – Alpinols, a producer of hemp extracts from Switzerland, announce they are launching an organic CBD product line exclusively for Europe, together with Hollywood legend Tommy Chong into the growing European CBD and cannabis ...
Canadian Cannabis Group Fire & Flower Enters U.S. Cannabis Market with American Acres
TORONTO – Canadian cannabis retailer Fire & Flower Holdings is launching into the United States, with licensing partner, American Acres Managers, a private firm with a focus on cannabis retail in Arizona, California and Nevada. ...
Pro-Cannabis Politicians Raising Eyebrows For Cannabis Stock Purchase Timing
WASHINGTON, D.C. – Rep. John Yarmuth of Kentucky, is the chairman of the House Budget Committee. He purchased stocks in Canopy Growth Corporation, Aurora Cannabis, and Tilray on Nov. 5, according to a filing with ...
Study to Determine Efficacy of Cannabis for Veterans Gains Approval
SAN DIEGO – The Battle Brothers Foundation has received approval to launch an observational study on the use of medical cannabis to help combat PTSD in veterans. In concert with NiaMedic, a medical data and research ...
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) ...
