Legal Affairs
West Virginia Medical Cannabis Costs Drive Patients Across State Lines for Lower-Priced Options
CHARLESTON – Elevated prices in West Virginia's medical Cannabis system continue to steer registered patients toward recreational outlets in Ohio, Maryland, and Michigan, where products sell at fractions of the cost despite legal barriers to ...
Florida Takes Action to Advance Adult-Use Cannabis Ballot Measure, Lawsuit Ends Delay
TALLAHASSEE – Florida election officials cleared a procedural roadblock for a proposed constitutional amendment to legalize recreational Cannabis, submitting the measure to the state attorney general's office just weeks after advocates sued over perceived delays ...
Viridian Capital Advisors Reports Valuation Metrics for U.S. MSOs with Market Caps >$100M
LOS ANGELES – Multi-state cannabis operators in the United States are carrying valuation multiples that signal caution among investors, even as growth prospects brighten for the coming year. According to a fresh Weekly Valuation Report ...
Trulieve Reports Q3 2025 Financial Results
TALLAHASSEE – Trulieve Cannabis Corp. disclosed third-quarter results showing revenue of $288 million, edging up 1% from the year-ago period but dipping 5% from the second quarter. The figures highlight a push toward tighter operations ...
Trulieve Redeems $368M in Notes, Signaling Debt Reduction Push
TALLAHASSEE – Trulieve Cannabis Corp. has announced its decision to redeem its entire $368 million portfolio of 8.0% senior secured notes, due in 2026. The company issued the redemption notice, setting an early payoff date ...
Jushi Holdings Reports Q3 2025 Financial Results
LOS ANGELES – Jushi Holdings Inc., a vertically integrated Cannabis operator with footprints in six states, disclosed third-quarter 2025 financials that showed revenue climbing 6.6% year-over-year to $65.7 million, driven by higher wholesales and customer ...
Compass Pathways Advances Psilocybin Therapy Timeline for Depression Treatment
LONDON & NEW YORK – Compass Pathways reported Q3 2025 financial results and signaled a faster path to market for its lead psilocybin-based therapy in treatment-resistant depression (TRD). The biotechnology firm now targets commercialization readiness ...
West Virginia Medical Cannabis Costs Drive Patients Across State Lines for Lower-Priced Options
CHARLESTON – Elevated prices in West Virginia's medical Cannabis system continue to steer registered patients toward recreational outlets in Ohio, Maryland, and Michigan, where products sell at fractions of the cost despite legal barriers to ...
Florida Takes Action to Advance Adult-Use Cannabis Ballot Measure, Lawsuit Ends Delay
TALLAHASSEE – Florida election officials cleared a procedural roadblock for a proposed constitutional amendment to legalize recreational Cannabis, submitting the measure to the state attorney general's office just weeks after advocates sued over perceived delays ...
Viridian Capital Advisors Reports Valuation Metrics for U.S. MSOs with Market Caps >$100M
LOS ANGELES – Multi-state cannabis operators in the United States are carrying valuation multiples that signal caution among investors, even as growth prospects brighten for the coming year. According to a fresh Weekly Valuation Report ...
Florida Republican Lawmakers Propose Expansion of Medical Cannabis Access
LOS ANGELES- In recent legislative developments, certain Republican lawmakers in Florida have introduced bills aimed at broadening access to medical cannabis within the state. Notably, these proposals include provisions that would permit qualified medical cannabis ...
Maryland House Committee Advances Bill to Exempt Certain Cannabis Transactions from State Sales Tax
LOS ANGELES- The Maryland House Ways and Means Committee approved House Bill 619, legislation designed to exempt specific cannabis-related transactions from the state's sales and use tax. The bill, introduced on January 23, 2025, seeks ...
Federal Indictment Uncovers Extensive Illegal Cannabis Operation on Navajo Nation
LOS ANGELES- A federal grand jury indicted Dineh Benally, 48; his father, Donald Benally, 74; and business associate Irving Rea Yui Lin, 73, on charges related to an illicit cannabis cultivation enterprise spanning New Mexico ...
Michigan Allocates Nearly $100 Million in Cannabis Tax Revenue to Local Entities
LOS ANGELES- The Michigan Department of Treasury announced the distribution of close to $100 million in cannabis tax revenue to 302 local entities, including cities, villages, townships, counties, and, for the first time, four federally ...
Washington State Senate Committee Advances Cannabis Direct Sales Bill
LOS ANGELES- The Washington State Senate Labor and Commerce Committee held a public hearing on Senate Bill 5403, legislation proposing to allow licensed cannabis producers and processors to sell cannabis flower directly to consumers. The ...
New Hampshire House Approves Limited Cannabis Legalization Bill
LOS ANGELES- The New Hampshire House of Representatives passed House Bill 75, a Republican-sponsored measure that legalizes the personal use and possession of cannabis for adults aged 21 and over. The bill, introduced by Representative ...
Colorado Issues Initial Psilocybin Business Licenses
LOS ANGELES- In January 2025, Colorado began accepting applications for psilocybin-related business licenses, following the approval of regulations by the Department of Regulatory Agencies and the Department of Revenue. These licenses encompass roles such as ...
LEEF Brands to Enter New York’s Expanding Cannabis Market with Acquisition of Tier 1 Processing License
LOS ANGELES- LEEF Brands Inc. California-based cannabis extraction company, has announced the signing of a binding Letter of Intent to acquire a Tier 1 processing license in New York. This strategic move positions LEEF to ...
Jushi Holdings Secures $9.7 Million Through ERC Refund and Debt Financing
LOS ANGELES- Jushi Holdings Inc. a vertically integrated, multi-state cannabis operator, has bolstered its financial position by obtaining approximately $9.7 million through two strategic financial maneuvers. Employee Retention Credit (ERC) Refund Proceeds The company received ...
Greenlane Holdings Completes $25 Million Private Placement to Strengthen Financial Position
LOS ANGELES -Greenlane Holdings, Inc, a seller of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, has successfully closed a $25 million private placement. The offering, priced at $1.19 per Common Unit, was conducted ...
HYTN and A1 Cannabis Forge Partnership to Expand Cannabis Beverage Production
LOS ANGELES- HYTN Innovations Inc., a company specializing in pharmaceutical-grade cannabis manufacturing, has entered into a three-year collaboration with A1 Cannabis Inc., the owner of Summit Cannabis Beverages. This partnership aims to enhance operational efficiency ...
Minnesota Opens Application Window for Cannabis Business Licenses
LOS ANGELES- The Minnesota Office of Cannabis Management (OCM) has commenced accepting applications for various cannabis business licenses as of February 18, 2025. This marks a significant step toward establishing the state's legal cannabis market. ...
Switzerland Advances Plan to Legalize Recreational Cannabis Under Government Regulation
LOS ANGELES- Switzerland is progressing toward the legalization of recreational cannabis through a framework emphasizing strict government oversight. On February 14, 2025, the National Council's Social Security and Public Health Committee (CSSS-N) approved a preliminary ...
What You Need to Know About Risk Management and Insurance in Cannabis
LOS ANGELES—Every CFO needs to know that the cannabis industry is fraught with unique risks that require specialized risk management strategies and comprehensive insurance coverage. As companies navigate this complex landscape, understanding these risks and ...
New Lawsuit Accuses CCELL of Price-Fixing & Monopoly Tactics
LOS ANGELES — February 14, 2025 A class action lawsuit has been filed against Smoore, the parent company of CCELL, and its U.S. distributors, accusing them of engaging in illegal price-fixing and monopolistic practices that ...
Global Cannabis Regulatory Summit to Convene in Washington, D.C.
LOS ANGELES- Artemis Growth Partners and Tenacious Labs have announced the inaugural Global Cannabis Regulatory Summit (GCRS), scheduled for March 25-27, 2025, at the United States Capitol Complex in Washington, D.C. This invite-only event aims ...
Ontario Cannabis Sales Reach CA$166 Million in January, Marking 6% Annual Growth
LOS ANGELES- Ontario's legal cannabis market commenced 2025 with robust performance, recording sales of CA$166.15 million in January. This figure represents a 6% increase compared to January 2024, indicating sustained consumer demand and market expansion. ...
Neurotech International Enters Development Agreement for Cannabinoid Therapies
LOS ANGELES- Neurotech International Limited, a clinical-stage biopharmaceutical company specializing in pediatric neurological disorders, has signed a development agreement with RH Pharma, a subsidiary of the European Cannabis Company (ECC). This collaboration aims to develop ...
North Carolina Voters Show Strong Support for Medical Cannabis Legalization
LOS ANGELES- A recent poll indicates that a significant majority of North Carolina voters favor the legalization of medical cannabis, with substantial backing across political affiliations. The survey reveals that 45% of respondents "strongly" support ...
Industry Collaboration Essential to Mitigate Cannabis Testing Lab Fraud
LOS ANGELES- The cannabis industry is confronting significant challenges related to fraudulent practices in testing laboratories, including the inflation of THC potency levels and the manipulation of safety results. These actions not only mislead consumers ...
HHS Secretary Robert F. Kennedy Jr. Advocates for Reevaluating Marijuana Incarceration Policies
LOS ANGELES- In a recent interview following his confirmation as the U.S. Secretary of Health and Human Services, Robert F. Kennedy Jr. addressed the issue of marijuana-related incarcerations. He emphasized the need to balance concerns ...
Understanding Price Compression and Market Trends in Cannabis
LOS ANGELES—Every CFO needs to know that price compression is a pressing challenge in the cannabis industry, driven by increased competition, oversupply, and constantly shifting consumer demands and preferences. As prices decline, it becomes increasingly ...
Société québécoise du cannabis Reports C$40.5 Million in Third Quarter Income
LOS ANGELES- The Société québécoise du cannabis (SQDC), Quebec's government-operated cannabis retailer, announced a comprehensive income of C$40.5 million for the third quarter of its fiscal year ending January 4, 2025. This represents an increase ...
Idaho House Advances Bill Imposing $300 Minimum Fine for Cannabis Possession
LOS ANGELES- The Idaho House of Representatives has passed House Bill 7, which mandates a minimum fine of $300 for adults convicted of possessing three ounces or less of cannabis. Rep. Bruce Skaug (R-Nampa) introduced ...
Canada Invests Nearly $3 Million in Psilocybin-Assisted Psychotherapy Research
LOS ANGELES- The Government of Canada, through the Canadian Institutes of Health Research (CIHR), has committed nearly $3 million to fund three clinical trials investigating psilocybin-assisted psychotherapy as a treatment for various mental health and ...
