Legal Affairs
Cannabis Use Among Seniors Sees Significant Uptick
LOS ANGELES- A recent study published in JAMA Internal Medicine highlights a notable increase in cannabis use among U.S. adults aged 65 and older. Data from the National Survey on Drug Use and Health indicates ...
FLUENT Corp. Expands Indoor Cultivation with Rosa Facility in Florida
LOS ANGELES- FLUENT Corp.a vertically integrated cannabis operator, has initiated cultivation at its new Rosa indoor facility in Tampa, Florida. This development adds 9,200 square feet of high-efficiency indoor canopy to the company's operations, marking ...
Atai Life Sciences and Beckley Psytech Announce Strategic Merger to Form Atai Beckley
LOS ANGELES- Atai Life Sciences, a biopharmaceutical company, and Beckley Psytech, a private UK-based biotechnology firm, have announced a definitive agreement to merge, creating a new entity named Atai Beckley. The all-share transaction values Beckley ...
MariMed Reports Q1 2025 Financial Results
LOS ANGELES- MariMed Inc. a multi-state cannabis operator, reported its financial results for the first quarter ended March 31, 2025. Financial Overview Revenue: $38.0 million, a slight increase from $37.9 million in Q1 2024. Gross ...
Why Bob Hoban Is Defending Steve DeAngelo—And What It Reveals About Cannabis Policy
LOS ANGELES- In cannabis industry discourse, facts can be overshadowed by simplified narratives. One such claim—widely circulated in trade circles—is that Steve DeAngelo, founder of Harborside and a prominent figure in the legalization movement, was ...
DEA Grants Import Permit for Psilocybin Truffles to Red Light Holland and Irvine Labs
LOS ANGELES- Red Light Holland Corp, an Ontario-based producer of psilocybin truffles, announced that its U.S. partner, Irvine Labs, has received a Controlled Substances Import Permit from the Drug Enforcement Administration (DEA). This authorization allows ...
Glass House Brands Proposes Long-Term Incentive Plan Tied to Share Price Performance
LOS ANGELES- Glass House Brands Inc. a vertically integrated cannabis company, has announced the mailing of its management information circular to shareholders ahead of its annual and special meeting scheduled for June 20, 2025. At ...
Cannabis Use Among Seniors Sees Significant Uptick
LOS ANGELES- A recent study published in JAMA Internal Medicine highlights a notable increase in cannabis use among U.S. adults aged 65 and older. Data from the National Survey on Drug Use and Health indicates ...
FLUENT Corp. Expands Indoor Cultivation with Rosa Facility in Florida
LOS ANGELES- FLUENT Corp.a vertically integrated cannabis operator, has initiated cultivation at its new Rosa indoor facility in Tampa, Florida. This development adds 9,200 square feet of high-efficiency indoor canopy to the company's operations, marking ...
Atai Life Sciences and Beckley Psytech Announce Strategic Merger to Form Atai Beckley
LOS ANGELES- Atai Life Sciences, a biopharmaceutical company, and Beckley Psytech, a private UK-based biotechnology firm, have announced a definitive agreement to merge, creating a new entity named Atai Beckley. The all-share transaction values Beckley ...
Delaware Legalizes Cannabis: Recreational Sales Expected by Late 2024 or Early 2025
LOS ANGELES- Delaware recently legalized adult-use cannabis, but it may be up to two years before consumers can purchase it legally. According to Zoë Patchell, executive director of the Delaware Cannabis Advocacy Network, the state's ...
Study Highlights Psilocybin’s Significant Impact on Brain Function and Potential Therapeutic Uses
LOS ANGELES- A recent small randomized controlled trial has revealed that a single high dose of psilocybin induces significant and persistent changes in brain functional networks in healthy adults. The findings, published in Nature, provide ...
Medical Cannabis: Growth and Investment in 2024
LOS ANGELES- The medical cannabis industry is navigating 2024 with key players like Grow Group and Somai Pharmaceuticals leveraging new regulations and market dynamics to achieve ambitious growth targets. This article examines the recent developments ...
FDA and FTC Target Delta-8 THC Edibles Resembling Popular Snacks
LOS ANGELES- The Food and Drug Administration (FDA) and the Federal Trade Commission (FTC) are taking action against companies selling delta-8 THC edibles packaged to resemble popular snacks, often marketed towards children. Delta-8 THC is ...
Numinus Wellness: Financial Challenges and Strategic Growth in Mental Health Care
LOS ANGELES- Numinus Wellness is at the forefront of transforming mental health care, focusing on innovative treatments, strategic mergers, and operational refinements. This article delves into the market trends, financial performance, and strategic initiatives shaping ...
Constellation Brands: Analysts Maintain Ratings
LOS ANGELES- On Monday, Argus reaffirmed its Buy rating on shares of Constellation Brands (NYSE: STZ), maintaining a price target of $306.00. Argus notes the stock's value, currently trading at 18 times the firm's fiscal ...
Canopy Growth Experiences Decline in Short Interest Amid Market Activity
LOS ANGELES- Canopy Growth Co. saw a significant decrease in short interest in June. As of June 30, short interest totaled 8,730,000 shares, a 20.7% decline from 11,010,000 shares on June 15. With an average ...
Snoop Dogg Launches First Licensed Cannabis Dispensary and Product Line
LOS ANGELES- Snoop Dogg has launched his first licensed cannabis dispensary, S.W.E.D., and an exclusive product line under the Death Row Cannabis brand. The shop, located near LAX airport in Los Angeles, opened on July ...
GOP-Led House Committee Approves Spending Bill Blocking Cannabis Rescheduling
LOS ANGELES- A key Republican-led House committee has approved a large-scale spending bill that would block the Justice Department from rescheduling cannabis. Additionally, the bill amends a longstanding rider protecting medical cannabis states from federal ...
Critics Slam Thai Government’s Approach to Cannabis
LOS ANGELES- Critics have strongly opposed the Thai government's plan to reclassify cannabis as a narcotic, arguing that it will harm businesses involved in cannabis-based products and undermine investor confidence in the country. On July ...
NHS Reimburses Cannabis for Chemotherapy-Induced Nausea and Vomiting
NEW YORK- The National Health Service (NHS) England has reimbursed a patient for the cost of medicinal cannabis flowers to manage chemotherapy-induced nausea and vomiting (CINV). Michael Roberts, diagnosed with rectosigmoid adenocarcinoma and lung metastases, ...
Constellation Brands: Analysts Maintain Ratings
LOS ANGELES- On Monday, Argus reaffirmed its Buy rating on shares of Constellation Brands, maintaining a price target of $306.00. Argus notes the stock's value, currently trading at 18 times the firm's fiscal year 2025 ...
Canopy Growth Corporation Stock Performance and Upcoming Earnings Report
LOS ANGELES- In the latest market close, Canopy Growth Corporation (CGC) reached $6.50, marking a +0.31% increase compared to the previous day. This performance was below the S&P 500's daily gain of 0.55%. Meanwhile, the ...
Aurora Cannabis Submits Regular SEC Filing and Reports
LOS ANGELES- Aurora Cannabis Inc. a the medicinal chemicals and botanical products industry, has filed a Form 6-K report with the U.S. Securities and Exchange Commission (SEC) for July. The Edmonton, Alberta-based company submitted this ...
Medical Cannabis Industry Demonstrates Strong Economic Contributions and Market Trends
LOS ANGELES- The medical cannabis landscape continues to evolve, demonstrating significant economic contributions and offering vital insights into market trends. In 2024, data from licensed dispensaries and cultivation centers highlight robust retail and wholesale activities, ...
Senate Appropriations Committee Approves VA Doctors’ Cannabis Recommendation Amendment
LOS ANGELES- The Senate Appropriations Committee has passed a measure allowing U.S. Department of Veterans Affairs (VA) doctors to discuss and recommend medical cannabis to patients residing in states where it is legal. This amendment, ...
Arrogance in Business: A Cautionary Tale from Nokia’s Fall
NEW YORK--In the dynamic world of business, arrogance often precedes downfall. This truth is vividly illustrated in the rise and fall of Nokia, once a titan in the mobile phone industry. Years ago, during a ...
House Appropriations Committee Blocks Cannabis Rescheduling Efforts
LOS ANGELES- The House Appropriations Committee approved legislation on Tuesday that impedes the Biden administration's initiative to reschedule cannabis and relax federal restrictions. The Republican-led panel endorsed an amendment to a funding bill that prevents ...
Nebraska Advocates Submit Over 114,000 Signatures for Medical Cannabis Campaign
LOS ANGELES- Nebraska cannabis advocates have turned in more than 114,000 signatures for their petition to legalize medical cannabis in the state, according to the Nebraska Examiner. The campaign, led by Nebraskans for Medical Marijuana, ...
Stockton University to Offer New Undergraduate Degree in Cannabis Studies
LOS ANGELES- Stockton University in New Jersey is set to become the first school in the state to offer an undergraduate degree in cannabis studies. The Bachelor of Science in Hemp and Cannabis Business Management ...
Thailand’s Cannabis Advocates Rally Against Proposed Recreational Use Ban
BANGKOK — Two years after cannabis was decriminalized in Thailand, nearly a hundred advocates marched to the prime minister’s office on Monday to protest a possible ban on general use. This comes after the health ...
Arkansas Advocates Submit Over 111,000 Signatures for Medical Cannabis Expansion Initiative
LOS ANGELES- Arkansas advocates have submitted more than 111,000 signatures to support a ballot initiative aimed at significantly expanding the state's medical cannabis program. This initiative includes provisions to eliminate application fees for patients and ...
First Year of Legal Cannabis Sales Brings $1.1 Billion to Maryland
LOS ANGELES- Maryland's combined medical and adult-use retail cannabis sales have exceeded $1.1 billion in the first 12 months following legalization, Governor Wes Moore announced Wednesday. According to the Maryland Cannabis Administration, monthly retail sales ...
Florida Poll Shows Strong Support for Adult-Use Cannabis Legalization
LOS ANGELES- A new poll indicates that Florida’s constitutional amendment for the legalization of adult-use cannabis has garnered support from 64% of voters, surpassing the 60% threshold required for passage, as reported by Florida Politics. ...
Silo Pharma Secures Exclusive License for PTSD Treatment Development
LOS ANGELES- Silo Pharma, Inc. a developmental stage biopharmaceutical company, has announced an exclusive global license agreement with Columbia University to develop, manufacture, and commercialize its lead drug candidate, SPC-15. This intranasal treatment targets stress-induced ...
