Legal Affairs
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – It's been another fortnight, and the numbers, the deals, and the science keep telling the same story: the Cannabis & Psychedelics space is not slowing down. A few from the MSOs pack ...
Trulieve Reports Q4 and FY 2025 Financial Results
TALLAHASSEE – Trulieve Cannabis Corp., the largest U.S. Cannabis retailer by store count, announced its full-year 2025 revenue of $1.2 billion, holding steady from the previous year as retail pricing pressures offset gains from new ...
Curaleaf Reports Q4 and FY 2025 Financial Results
NEW YORK – Curaleaf Holdings Inc. released its earnings for the fourth quarter and full year ended December 31, 2025, highlighting a return to top-line growth and steady margins in a tough domestic environment. The ...
CMS Finalizes Rule for Medicare CBD Coverage Pilot
WASHINGTON – The Centers for Medicare & Medicaid Services (CMS) has finalized regulations enabling a pilot program for federal health insurance coverage of hemp-derived CBD products, according to a recent statement from an executive at ...
Missouri Cannabis Sales Hit Record $1.5B in 2025
JEFFERSON CITY – Missouri's regulated Cannabis market posted its strongest year yet in 2025, with retailers recording approximately $1.5 billion in total sales, according to figures from the Missouri Department of Health and Senior Services. ...
New Hampshire House Advances Bill to Regulate Medical Psilocybin Use
CONCORD – The New Hampshire House of Representatives has given initial approval to a bipartisan measure that would establish a state program allowing supervised therapeutic access to psilocybin for qualifying medical conditions. House Bill 1809, ...
As November Looms, the Intoxicating Hemp Industry Carries On — Calmly, Confidently, and Perhaps Optimistically
NEW YORK - Across the United States, the intoxicating hemp sector is behaving as though November 2026 is just another month on the calendar — not a potential regulatory cliff. That’s when new federal restrictions, ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – It's been another fortnight, and the numbers, the deals, and the science keep telling the same story: the Cannabis & Psychedelics space is not slowing down. A few from the MSOs pack ...
Trulieve Reports Q4 and FY 2025 Financial Results
TALLAHASSEE – Trulieve Cannabis Corp., the largest U.S. Cannabis retailer by store count, announced its full-year 2025 revenue of $1.2 billion, holding steady from the previous year as retail pricing pressures offset gains from new ...
Curaleaf Reports Q4 and FY 2025 Financial Results
NEW YORK – Curaleaf Holdings Inc. released its earnings for the fourth quarter and full year ended December 31, 2025, highlighting a return to top-line growth and steady margins in a tough domestic environment. The ...
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 ...
Israel Faces Mental Health Crisis Post-October 7 Attacks: Evaluating Medical Cannabis for PTSD Treatment
LOS ANGELES- In the aftermath of the October 7, 2023, attacks, Israel confronts a significant mental health crisis, with an estimated 580,000 citizens exhibiting severe post-traumatic stress disorder (PTSD) symptoms. This surge has intensified discussions ...
Texas Senate Passes Bill to Ban Hemp THC
DALLAS–The Texas Senate has taken a major step toward banning consumable hemp products that contain THC or other intoxicating cannabinoids, a move that could severely impact an $8 billion industry employing approximately 50,000 workers. On ...
Planet 13 Schedules Release of Q4 2024 Financial Results
LOS ANGELES- Planet 13 Holdings Inc. a vertically integrated multi-state cannabis company, has announced that it will release its financial results for the fourth quarter and full year ending December 31, 2024, on March 26, ...
POSaBIT Captures Majority of Cannabis Transactions in Washington State
LOS ANGELES- POSaBIT Systems Corporation a provider of point-of-sale and payments infrastructure in the cannabis industry, now processes over 85% of all cannabis point-of-sale transactions in Washington State. Established in 2015, POSaBIT has expanded ...
Hemp-Derived Products Influence Cannabis Market Dynamics
LOS ANGELES- The 2018 Farm Bill's legalization of hemp cultivation has significantly impacted the cannabis industry, leading to the emergence of various hemp-derived products that are reshaping market dynamics. One notable development is the ...
High Tide Reports Q1 Revenue
LOS ANGELES- High Tide Inc. a Canadian cannabis retailer, announced its financial results for the first quarter ended January 31, 2025, reporting revenue of CAD 142.5 million, an 11% increase from the same period last ...
MindMed Appoints Matt Wiley as Chief Commercial Officer
LOS ANGELES-Mind Medicine (MindMed) Inc. a biopharmaceutical company specializing in brain health disorders, has announced the appointment of Matt Wiley as Chief Commercial Officer (CCO). In his new role, Mr. Wiley will oversee MindMed's ...
Missouri’s Cannabis Industry Experiences Significant Growth
LOS ANGELES- Since legalizing recreational cannabis in 2022, Missouri has rapidly emerged as a prominent player in the cannabis market. The state now ranks as the seventh-largest in cannabis sales, surpassing states with larger populations ...
Silly Nice Collaborates with Cannabis Justice & Equity Initiative to Promote Social Equity in New York’s Cannabis Industry
LOS ANGELES- Silly Nice, a Black and Veteran-owned cannabis brand based in Harlem, has partnered with The Cannabis Justice & Equity Initiative (CJEI) to support communities disproportionately affected by past cannabis prohibition. This collaboration focuses ...
Vista Hosts San Diego County’s First Licensed Public Cannabis Festival
LOS ANGELES- The city of Vista has made history by hosting San Diego County's first licensed cannabis event on public property. The Farmer's Cup, held at the Moonlight Amphitheatre, marked a significant milestone in the ...
Tokyo Smoke Closes Toronto Locations Amid Industry Challenges
LOS ANGELES- Tokyo Smoke, a prominent cannabis retailer, has reportedly ceased operations at all its Toronto outlets. This development aligns with a broader trend of cannabis store closures across Canada, reflecting the industry's evolving landscape. ...
Anna Kole Joins Highly Capitalized Network-HCN to Help Lead Content Development and Distribution
FOR IMMEDIATE RELEASE LOS ANGELES — Highly Capitalized Network-HCN, a leading source of financial news and market insights for the cannabis and psychedelics industries is excited to welcome Anna Kole as their new Content Editing ...
