Legal Affairs
Senate Panel Flags Misleading Cannabis Marketing, Backs Psychedelics Research
LOS ANGELES- The Senate Appropriations Committee released a report accompanying the 2026 agriculture and FDA spending bill that raises concerns over deceptive marketing in the cannabis sector while endorsing expanded federal support for psychedelics research. ...
McConnell Seeks to Close 2018 Hemp “Loophole” in Senate Funding Bill
LOS ANGELES- Senate Republican leader Mitch McConnell is advancing a provision in the FY 2026 agriculture appropriations bill aimed at revising the federal hemp definition to bar products containing any “quantifiable” amount of THC. The action ...
Psilocybin Study Suggests Potential for Longevity Benefits
LOS ANGELES- New preclinical research indicates that psilocybin the active psychoactive compound in psychedelic mushrooms—may significantly extend lifespan in both human cells and aged mice. Published July 8, 2025, in npj Aging, the study found ...
Cybin Secures Up to US $500 Million via Convertible Debentures to Fuel Clinical Growth
LOS ANGELES- Cybin Inc. has entered into a securities purchase agreement with High Trail Special Situations LLC to raise up to US $500 million through unsecured convertible debentures, aiming to strengthen its position in neuropsychiatric therapeutics ...
Atai and Beckley Psytech Report Positive Phase 2b Results for BPL‑003
LOS ANGELES- Atai Life Sciences and Beckley Psytech have announced positive topline results from their Phase 2b clinical trial of BPL‑003, an intranasal formulation of mebufotenin benzoate, in patients with treatment‑resistant depression (TRD). The multicenter, ...
iAnthus Reports Unanimous Approval at Annual General Meeting
LOS ANGELES- iAnthus Capital Holdings, a multi-state operator in licensed cannabis cultivation, processing, and retail, announced that its shareholders unanimously approved all items at the Annual General Meeting held on June 26, 2025. The approved resolutions included ...
Kentucky Nears Operational Start for Medical Cannabis Dispensaries
LOS ANGELES- Kentucky is approaching the launch of medical cannabis sales as state regulators complete final preparations for the opening of licensed dispensaries. Although the state’s medical cannabis law took effect on January 1, 2025, ...
Senate Panel Flags Misleading Cannabis Marketing, Backs Psychedelics Research
LOS ANGELES- The Senate Appropriations Committee released a report accompanying the 2026 agriculture and FDA spending bill that raises concerns over deceptive marketing in the cannabis sector while endorsing expanded federal support for psychedelics research. ...
McConnell Seeks to Close 2018 Hemp “Loophole” in Senate Funding Bill
LOS ANGELES- Senate Republican leader Mitch McConnell is advancing a provision in the FY 2026 agriculture appropriations bill aimed at revising the federal hemp definition to bar products containing any “quantifiable” amount of THC. The action ...
Psilocybin Study Suggests Potential for Longevity Benefits
LOS ANGELES- New preclinical research indicates that psilocybin the active psychoactive compound in psychedelic mushrooms—may significantly extend lifespan in both human cells and aged mice. Published July 8, 2025, in npj Aging, the study found ...
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 ...
Minnesota Brewery Offers Hemp-Infused THC Drinks on Tap
LOS ANGELES- Minneapolis-based Headflyer Brewing has begun offering hemp-derived, THC-infused beverages on tap under a new state regulation that took effect July 1. Hemp-Infused THC Drinks Now Available On Tap Headflyer Brewing in northeast Minneapolis ...
Announcing: NEW Show on Highly Capitalized: ‘Inside Retail with Marty Higgins’: Insightful Conversations Exploring Cannabis Retail
LOS ANGELES — Introducing 'Inside Retail with Marty Higgins', a groundbreaking new show premiering exclusively on HighlyCapitalized.com. Set to air fortnightly, this panel series dives deep into the dynamic world of cannabis retail, featuring insights ...
Thai Cannabis Advocates Protest Potential Ban
BANGKOK — Nearly a hundred cannabis advocates marched to the Thai prime minister's office on Monday to protest a potential ban on general cannabis use, two years after its decriminalization. The protest followed a decision ...
Florida Voters to Decide on Amendment 3 for Recreational Cannabis Legalization
LOS ANGELES- Voters in Florida are approaching a pivotal decision on Amendment 3, which proposes to legalize recreational cannabis. Multiple polls indicate strong support for the amendment, suggesting it is likely to pass. Amendment 3 ...
Arkansas Groups Submit Signatures for Cannabis and Casino Proposals
LOS ANGELES- Supporters of proposals to expand Arkansas' medical cannabis program and repeal a casino license have submitted thousands of signatures to get their measures on the November ballot. Initiative organizers, including efforts to modify ...
Delaware Governor to Decide on Pathway for Medical Cannabis Companies to Enter Adult-Use Market
LOS ANGELES- Delaware Governor John Carney, who previously opposed adult-use cannabis legalization, now faces the decision of whether to allow the state’s medical cannabis companies to transition into the forthcoming adult-use market. The General Assembly ...
Minnesota’s Hemp-Derived THC Market Generates Over $10 Million in Taxes
NEW YORK- The Minnesota Department of Revenue reports that the state has generated $10,022,635 in taxes from hemp-derived THC products since the market launched nearly a year ago. This follows the state's legalization of adult-use ...
Clearmind Medicine Inc. Secures Patent Approval in Hong Kong for Binge Behavior Regulator
LOS ANGELES- Clearmind Medicine Inc., a clinical biotech company specializing in psychedelic-derived therapeutics, has announced a significant advancement in its MEAI-based binge behavior regulator program. The company received patent approval from the Hong Kong Patent ...
Maryland Cannabis Market Surpasses $1.1 Billion in First Year of Legalization
LOS ANGELES- Governor Wes Moore announced that Maryland's cannabis market achieved a significant milestone in its first year of legalization, with total medical and adult-use retail sales exceeding $1.1 billion. This reflects the state's commitment ...
Groundbreaking Belgian Study Explores Magic Mushrooms in Alcoholism Treatment
BRUSSELS- A pioneering clinical study at Brugmann Hospital in Brussels is exploring the use of psilocybin, the active ingredient in magic mushrooms, to treat alcohol addiction. Over the next two years, 62 participants will receive ...
