Legal Affairs
Indiana Residents Voice Strong Support for Medical and Recreational Cannabis Legalization
INDIANAPOLIS – A recent survey of Hoosier voters indicates broad agreement on expanding access to Cannabis, with 84% in favor of medical use and 59% supporting recreational legalization. The findings, drawn from the 2025 Hoosier ...
Bipartisan Bill Aims to Push Back Hemp Ban for Two Years
WASHINGTON – A group of lawmakers from both parties filed legislation seeking to push back a forthcoming federal prohibition on certain hemp-derived products until late 2028, offering the industry a brief reprieve to adjust operations. ...
U.S. Legal Cannabis Sales Hit $2.3B in December, Lifting 2025 Total to $27B
LOS ANGELES – Legal Cannabis sales across the United States reached $2.3 billion in December, pushing the full-year figure for 2025 to $27 billion. The month’s tally edged out November’s $2.2 billion and aligned closely ...
Cannabis Market’s Hidden Scale: New Estimates Point to $90B U.S. Potential
LOS ANGELES – Viridian Capital Advisors' latest Chart of the Week dives into recreational Cannabis sales across nine mature markets (Michigan, Montana, Alaska, New Mexico, Massachusetts, Colorado, Oregon, Washington, and Nevada) to gauge true consumer ...
Republican State AGs Challenge Trump’s Cannabis Rescheduling Directive
LOS ANGELES – A coalition of Republican attorneys general from eight states has publicly rejected President Donald Trump's recent Executive Order to reschedule Cannabis under the Controlled Substances Act, citing persistent risks to public safety ...
Banks Still Hesitant on Expanding Services for Cannabis Businesses Post-Trump Rescheduling Order
LOS ANGELES – President Donald Trump's Executive Order fast-tracked the move to reschedule Cannabis under the Controlled Substances Act, aiming to ease research barriers and tax deductions for state-legal operators. Yet even as this policy ...
Atai Gains Nasdaq Biotechnology Index Spot
NEW YORK – AtaiBeckley N.V., the clinical-stage biopharmaceutical firm born from the November merger of atai Life Sciences and Beckley Psytech, has secured a place in the Nasdaq Biotechnology Index (NBI), a move that underscores ...
Indiana Residents Voice Strong Support for Medical and Recreational Cannabis Legalization
INDIANAPOLIS – A recent survey of Hoosier voters indicates broad agreement on expanding access to Cannabis, with 84% in favor of medical use and 59% supporting recreational legalization. The findings, drawn from the 2025 Hoosier ...
Bipartisan Bill Aims to Push Back Hemp Ban for Two Years
WASHINGTON – A group of lawmakers from both parties filed legislation seeking to push back a forthcoming federal prohibition on certain hemp-derived products until late 2028, offering the industry a brief reprieve to adjust operations. ...
U.S. Legal Cannabis Sales Hit $2.3B in December, Lifting 2025 Total to $27B
LOS ANGELES – Legal Cannabis sales across the United States reached $2.3 billion in December, pushing the full-year figure for 2025 to $27 billion. The month’s tally edged out November’s $2.2 billion and aligned closely ...
Texas Senate Advances Legislation to Ban THC Products
LOS ANGELES- The Texas Senate has approved Senate Bill 3 (SB 3), a measure aimed at prohibiting the sale of products containing tetrahydrocannabinol (THC), the psychoactive component found in cannabis. The bill, authored by Senator ...
U.S. Cannabis Companies Face EBITDA Declines Amid Margin Pressures But Growth Expected in 2026
NEW YORK- As of April 1, 2025, most major publicly traded U.S. cannabis companies have released their financial results for the fourth quarter of 2024. An analysis by Viridian Capital Advisors reveals that eight out ...
Trump Administration Attributes D.C. Disorder to Cannabis Decriminalization
LOS ANGELES- President Donald Trump has signed an executive order titled "Making the District of Columbia Safe and Beautiful," establishing the D.C. Safe and Beautiful Task Force. This initiative aims to address public safety and ...
Florida Appeals Court Reduces Drug-Trafficking Conviction to Possession
LOS ANGELES- A Florida appeals court has overturned a drug-trafficking conviction, reducing it to a possession charge due to the inability to distinguish between illegal cannabis and legal hemp. The Second District Court of Appeal ...
Psilocybin Law Reforms Gain Momentum Across the United States
LOS ANGELES- Efforts to reform psilocybin laws are accelerating nationwide, with several states making significant strides toward decriminalization or legalization of the psychoactive compound found in "magic mushrooms." In Colorado, voters approved Proposition 122 in ...
HYTN Innovations Secures Cannabis Supply Agreements for German Market
LOS ANGELES- HYTN Innovations Inc., a pharmaceutical company specializing in cannabis-derived products, has entered into strategic supply agreements and completed vendor qualifications with two cannabis cultivators, securing a minimum of 4,000 kilograms of cannabis for ...
MediPharm Labs Reports 27% Annual Revenue Growth
LOS ANGELES- MediPharm Labs Corp., a pharmaceutical company specializing in precision-based cannabinoids, has announced a 27% increase in annual net revenue for 2024, reaching $42 million. This growth is primarily attributed to a significant rise ...
New Hampshire Governor Maintains Opposition to Cannabis Legalization
LOS ANGELES- New Hampshire Governor Chris Sununu continues to oppose the legalization of recreational cannabis, even as the state's House of Representatives advances related legislation. In February 2025, the House passed House Bill 360, which ...
Gold Flora Corporation Files for Voluntary Receivership
COSTA MESA, Calif. , March 27, 2025 /CNW/ - Gold Flora Corporation ("Gold Flora" or the "Company") (Cboe Canada: GRAM) (OTCQB: GRAM), a cannabis company with subsidiaries operating across California, today announced that it filed for a voluntary receivership pursuant under ...
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 ...
Entourage Health Expands Senior Secured Credit Facility
LOS ANGELES- Entourage Health Corp., a Canadian producer and distributor of cannabis products, has amended its senior secured credit facility. The amendment increases the subordinated credit facility by approximately $3 million, with the funds advanced ...
Tariffs on Chinese Imports Impact U.S. Cannabis Industry
LOS ANGELES- The U.S. cannabis industry is experiencing significant effects due to increased tariffs on Chinese imports, particularly in the vaporizer sector. As of February 4, 2025, the United States imposed an additional 10% tariff ...
iAnthus Capital Holdings Reports Fiscal Year 2024 Financial Results
LOS ANGELES- iAnthus Capital Holdings, Inc, a company engaged in regulated cannabis operations across the United States, has released its financial outcomes for the fourth quarter and full year ending December 31, 2024. Annual Financial ...
The Cannabist Company Expands ‘dreamt’ Brand to Massachusetts, New Jersey, and Virginia
LOS ANGELES- The Cannabist Company Holdings Inc. has announced the introduction of its sleep-focused cannabis brand, 'dreamt,' into the Massachusetts, New Jersey, and Virginia markets. This expansion aligns with Sleep Awareness Month, emphasizing the importance ...
GreenWave Advisors Urges Elected Officials to “Put American Cannabis First”
NEW YORK – In 1996, Medical Marijuana was legalized in California during the Clinton Administration. Since the “Colorado Experiment” in 2014, when the nation’s first recreational use market was implemented, the Federal Government has maintained ...
AYR Wellness Announces Management Changes
LOS ANGELES- AYR Wellness Inc., a U.S.-based multi-state cannabis operator, announced that Chief Financial Officer Brad Asher has resigned, effective March 23, 2025. The company's board has appointed Donna Granato as Interim CFO, effective immediately. ...
California Implements Measures to Ensure Cannabis Product Safety
LOS ANGELES- California has established a comprehensive regulatory framework to safeguard consumers from potential health risks associated with cannabis products. The Department of Cannabis Control (DCC) oversees the adoption and enforcement of regulations for commercial ...
France Advances Medical Cannabis Legalization Framework
LOS ANGELES- France has officially submitted draft regulations to the European Commission, outlining the framework for the production and authorization of medical cannabis. The submission includes: A decree establishing the framework for cannabis-based medicines, integrating ...
New Mexico Advances Medical Psilocybin Legalization Efforts
LOS ANGELES- The New Mexico Senate has approved the Medical Psilocybin Act (Senate Bill 219), a bipartisan initiative aimed at establishing a regulated program for the therapeutic use of psilocybin, the psychoactive compound found in ...
Utah Poll Indicates Majority Support for Recreational Cannabis Legalization
LOS ANGELES- A recent survey conducted by Noble Predictive Insights reveals that 52% of registered Utah voters are in favor of a ballot initiative to legalize cannabis for recreational use, while 38% oppose it, and ...
Maryland Generates $72 Million in 2024 Recreational Cannabis Tax Revenue
LOS ANGELES- In 2024, Maryland collected over $72 million in sales tax revenue from recreational cannabis, as reported by state Comptroller Brooke Lierman. The state imposes a 9% sales tax on adult-use cannabis products, aligning ...
Netherlands Initiates Regulated Cannabis Sales Trial
LOS ANGELES- The Netherlands is advancing its regulated cannabis sales experiment, aiming to control the production, distribution, and sale of cannabis through a state-monitored supply chain. This initiative seeks to address issues arising from the ...
