Legal Affairs
The DEA’s Time‑Warp Appointment: Terrance Cole and the Revival of “Reefer Madness”
WASHINGTON, D.C. –Terrance Cole, the newly confirmed Drug Enforcement Administration (DEA) Administrator, brings a worldview rooted in 1980s-era drug hysteria—one that dismisses decades of research, economic gains from cannabis legalization, and evolving public opinion. ...
Texas Governor Backs Regulation Over Ban in Hemp THC Showdown
DALLAS —Texas Governor Greg Abbott has drawn a firm line in the sand when it comes to the future of the hemp industry in the Lone Star State. In a public statement on July 22, ...
Single Psilocybin Dose Shows Promise in Easing OCD Symptoms, Study Finds
LOS ANGELES – In a pioneering study, researchers from the University of Hertfordshire and Imperial College have uncovered the potential of psilocybin to alleviate symptoms of obsessive-compulsive disorder (OCD). Published in Comprehensive Psychiatry on July ...
Federal Cannabis Trafficking Cases Reach Record Low
LOS ANGELES- The U.S. Sentencing Commission's 2024 Sourcebook of Federal Sentencing Statistics reveals a continued decline in federal cannabis trafficking cases. In 2024, fewer than 500 individuals were charged, marking a significant decrease from nearly ...
Blueberries Medical Corp. Secures C$1.05 Million in Private Placemen
LOS ANGELES- Blueberries Medical Corp, a Latin American producer of medicinal cannabis and cannabis-derived products, has announced a non-brokered private placement, raising approximately C$1.05 million (US$740,000). The financing involved the sale of 96,064,935 common shares ...
Virginia Governor Vetoes Cannabis Retail Market and Assault-Style Weapons Ban
LOS ANGELES- Virginia Governor Glenn Youngkin has vetoed legislation aimed at establishing a regulated cannabis retail market and implementing a ban on assault-style weapons. These decisions are part of a series of 157 vetoes issued ...
Australian MP Proposes Cannabis Decriminalization
LOS ANGELES- An Australian Member of Parliament has introduced a proposal to decriminalize the possession of small quantities of cannabis, a move that has sparked significant discussion regarding the country's drug policies and their economic ...
The DEA’s Time‑Warp Appointment: Terrance Cole and the Revival of “Reefer Madness”
WASHINGTON, D.C. –Terrance Cole, the newly confirmed Drug Enforcement Administration (DEA) Administrator, brings a worldview rooted in 1980s-era drug hysteria—one that dismisses decades of research, economic gains from cannabis legalization, and evolving public opinion. ...
Texas Governor Backs Regulation Over Ban in Hemp THC Showdown
DALLAS —Texas Governor Greg Abbott has drawn a firm line in the sand when it comes to the future of the hemp industry in the Lone Star State. In a public statement on July 22, ...
Single Psilocybin Dose Shows Promise in Easing OCD Symptoms, Study Finds
LOS ANGELES – In a pioneering study, researchers from the University of Hertfordshire and Imperial College have uncovered the potential of psilocybin to alleviate symptoms of obsessive-compulsive disorder (OCD). Published in Comprehensive Psychiatry on July ...
Tryp Therapeutics Announces Listing On OTCQB
LA JOLLA, California – Tryp Therapeutics (CSE: TRYP) a pharmaceutical company focused on identifying and developing clinical-stage compounds for diseases with high unmet medical needs, announced today that it has submitted its application for a ...
Massachusetts Legislators File New Bills Decriminalizing Drug Possession & Use
BOSTON – Massachusetts state legislature's decriminalization bill was introduced in the House by Representatives Liz Miranda and Mike Connolly with a virtually identical bill in the Senate by Julian Cyr. If passed, this bill would ...
BDSA Reports Global Cannabis Sales Exceeded $21 Billion in 2020; Forecasts $56 Billion by 2026
BOULDER – BDSA announced today the release of its 2020 cannabis sales data and forecast future sales by region. Global cannabis sales reached nearly $21.3 billion in 2020, an increase of 48% over 2019 sales ...
France Begins Research This Month Into Medical Cannabis
PARIS, France – Decree 2020-1230 which allows the launch of a new broad-based research into the therapeutic benefits of cannabis among the French, has finally been published in the French Official Journal; a typical step ...
Report: Cannabis Consumers Spending 25% More During Covid-19 Pandemic
DENVER – Business intelligence from Akerna (Nasdaq: KERN), shows how the Covid-19 pandemic has altered daily lives of North Americans, with cannabis shoppers and patients spending about 25-30% more per purchase and are increasingly purchasing ...
IMCC Becomes First Israeli Cannabis Company To List On NASDAQ
GLIL YAM, ISRAEL – IM Cannabis Corp., a multi-country operator ("MCO") in the medical cannabis sector with operations in Israel and Germany, is pleased to announce that the Company's common shares will commence trading today ...
Psychedelic Company Delic Holdings Announce New Appointment to Board of Advisors
LOS ANGELES – DELIC Holdings Inc. (CSE: DELC) (OTCQB: DELCF), a psychedelic wellness-focused company, is pleased to announce the appointment of Kyle Snook, former COO of Actify Neurotherapies, to the Board of Advisors of the ...
Eaze Releases Annual State-Of-Cannabis Review: How Cannabis Consumers Responded to COVID-19
SAN FRANCISCO – Eaze, California’s largest legal cannabis marketplace, today released its sixth annual Eaze Insights State of Cannabis Report. The 2020 report, “How Cannabis Consumers Responded to Crisis”, looks at aggregate consumer trends driving the ...
Schwazze Completes Acquisition of Five Remaining Star Buds Dispensaries in Colorado
DENVER – Schwazze, formerly operating as Medicine Man Technologies Inc. (OTCQX: SHWZ) ("Schwazze" or “the Company"), today announced that it has closed on the asset purchase of the five Star Buds dispensaries located in Colorado ...
Berlin Psychedelics Startup Atai Raises $157 Million & Eyes IPO
BERLIN – Biotech startup Atai Life Sciences, which is exploring the use of psychedelic treatments for depression, anxiety and addiction, on Wednesday said that it had raised $157 million from investors to develop its drugs ...
Pennsylvania Gov. Tom Wolf Releases Large Group Of Cannabis-Law Violators
Gov. Tom Wolf has signed off on 310 pardons, 69 of them impacting the lives of nonviolent cannabis law violators, whom criminal justice advocates say face a lifetime of for a crime that now is on ...
Highly Capitalized Celebrates Women’s History Month With A Salute To The Legendary Brownie Mary
SAN FRANCISCO – Brownie Mary (born Mary Jane Rathbun December 22, 1922 – April 10, 1999) was an American rights activist specializing in cannabis reformation, who became a face of rationale and perspective amongst heavily ...
Could Clubhouse Be The Next Big Thing In Cannabis Networking?
SAN FRANCISCO – 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, ...
UPS Prohibits Shipments of Vaping Products throughout U.S.A.
ATLANTA – UPS is prohibiting the shipment of Vaping Products throughout its U.S. network (including import and export). For the purpose of this prohibition, Vaping Products includes any and all noncombustible liquid or gel, regardless ...
Mydecine Fully Completes the First-Ever International Export of Psilocybin Mushrooms
DENVER – Mydecine Innovations Group (CSE: MYCO) is a biopharma company in the life sciences category committed to the research and development, production, and acceptance of alternative nature-sourced medicine for mainstream use, has completed the ...
MariMed Secures $46M In New Funding For Expansion Purposes
NORWOOD, Mass., – MariMed, Inc. (OTCQX: MRMD) a leading multi-state cannabis operator focused on health and wellness, today announced the closing of a $46 million financing facility with Hadron Healthcare Fund ("Hadron") pursuant to the ...
Cannabis Medication Over-Use Disorder Identified in Migraine Patients
MINNEAPOLIS – Using cannabis for relief from migraine headache may be associated with developing "rebound" headache, or medication overuse headache, which occurs when pain medication is overused by patients who have an underlying primary headache ...
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 ...
