Legal Affairs
Rubicon Completes First Harvest at New Cascadia Facility in British Columbia
VANCOUVER, BC – Rubicon Organics Inc. has reached a key operational step with the completion of its first harvest at the newly acquired Cascadia facility in Hope, British Columbia. The company announced this milestone the ...
GTI Secures $50M Credit Boost
CHICAGO – Green Thumb Industries Inc. has increased its syndicated credit facility by $50 million, raising the total borrowing capacity to $189 million. This incremental draw carries the same market-competitive terms as the original September ...
Obituary: Barbara Webb: A Leader in Cannabis
From the Editorial Team at Highly Capitalized Network OBITUARY- Barbara Lynne (Christenson) Webb passed away on November 23, 2025, in Traverse City, Michigan, surrounded by her close family. Within the Cannabis industry Barbara was known ...
Ohio AG Sues Nine Cannabis MSOs for Anti-Competitive Conduct
COLUMBUS - Ohio Attorney General Dave Yost has filed an antitrust lawsuit against nine major multistate Cannabis operators, accusing them of coordinated anti-competitive practices that limit product variety and sustain higher prices in the state's ...
Cannabist Closes $130M Sale of Virginia Assets
CHELMSFORD – The Cannabist Co. Holdings Inc. completed the sale of its Virginia Cannabis business to an affiliate of Millstreet Credit Fund LP, generating total consideration of $130 million. The deal involves the transfer of ...
Canopy Growth Reports Q3 Fiscal 2026 Financial Results
SMITHS FALLS, ON – Canopy Growth Corp. reported its financial results for the third quarter of fiscal 2026, ended December 31, 2025, showing progress in cost control and Canadian operations despite flat overall revenue. Consolidated ...
NY Cannabis Hits First $500M Quarter
NEW YORK – New York's legal Cannabis market set a new record by closing 2025 with its first quarter exceeding $500 million in sales, positioning the state for continued strong performance into 2026. The Office ...
Rubicon Completes First Harvest at New Cascadia Facility in British Columbia
VANCOUVER, BC – Rubicon Organics Inc. has reached a key operational step with the completion of its first harvest at the newly acquired Cascadia facility in Hope, British Columbia. The company announced this milestone the ...
GTI Secures $50M Credit Boost
CHICAGO – Green Thumb Industries Inc. has increased its syndicated credit facility by $50 million, raising the total borrowing capacity to $189 million. This incremental draw carries the same market-competitive terms as the original September ...
Obituary: Barbara Webb: A Leader in Cannabis
From the Editorial Team at Highly Capitalized Network OBITUARY- Barbara Lynne (Christenson) Webb passed away on November 23, 2025, in Traverse City, Michigan, surrounded by her close family. Within the Cannabis industry Barbara was known ...
Frontier Risk Group Secures $3 Million in Seed+ Funding
LOS ANGELES- Frontier Risk Group, a company specializing in insurance solutions for the cannabis industry, has announced the successful completion of a $3 million Seed+ funding round. This round was led by Casa Verde, a ...
Nanotechnology-Enhanced CBD Demonstrates Neuroprotective Effects in Retinal Study
LOS ANGELES- A study published in the European Journal of Pharmacology investigated the neuroprotective properties of cannabidiol (CBD) delivered via nanotechnology in an animal model of retinal excitotoxicity. Researchers from the University of Catania, University ...
Texas Lieutenant Governor Prioritizes THC Ban in 2025 Legislative Agenda
LOS ANGELES- Lieutenant Governor Dan Patrick has designated the prohibition of all consumable tetrahydrocannabinol (THC) products as a primary objective for Texas' 2025 legislative session. Senate Bill 3, introduced on January 29, 2025, aims to ...
Maine Proposes Mandatory Testing for Medical Cannabis
LOS ANGELES- A new bill introduced in the Maine Legislature seeks to implement mandatory testing for medical cannabis products, aligning them with the state's existing standards for recreational cannabis. Sponsored by Representative Marc Malon and ...
What You Need to Know About Mergers, Acquisitions, and Consolidation
LOS ANGELES—Every CFO needs to know that navigating mergers, acquisitions, and consolidation in cannabis and psychedelics industries requires a deep understanding of business valuation complexities and strategic deal-making. Effective M&A strategies are crucial to driving ...
A Celebration of Cannabis Culture and Commerce: Hall of Flowers Returns to Ventura
LOS ANGELES-Hall of Flowers, one of America’s premier cannabis trade shows, founded in 2018, is poised to make a grand return to the Ventura County Fairgrounds on March 19-20, 2025. This event has become a ...
What You Need to Know About Capital Investment Strategies
LOS ANGELES—Every CFO needs to know that strategic capital investment in the cannabis and psychedelic industries requires a nuanced approach that balances innovation, risk management, and potential. As the market continues to transform and unfold, ...
Indiana House Blocks Cannabis Reclassification
LOS ANGELES- On January 27, 2025, the Indiana House of Representatives voted down an amendment to House Bill 1056 that sought to remove cannabis from the state's list of Schedule I controlled substances. The amendment, ...
Rastafarians Lead Caribbean Cannabis Boom
LOS ANGELES- In recent years, St. Vincent and the Grenadines (SVG) has witnessed a transformative shift in its cannabis industry, particularly benefiting Rastafarian farmers who have long regarded the plant as sacred. Historically, these cultivators ...
Florida’s Cannabis Market Sees Shift as Smaller Operators Capture Market Share
LOS ANGELES- In Florida's evolving medical cannabis landscape, smaller operators are making significant inroads, challenging the dominance of established multi-state operators (MSOs). Despite the state's stringent vertical integration requirements—which mandate that Medical Marijuana Treatment Centers ...
Hawaii Lawmakers Renew Push to Legalize Adult-Use Cannabis with Constitutional Amendment Proposal
LOS ANGELES- Hawaii lawmakers introduced House Bill 519, proposing a constitutional amendment to legalize recreational cannabis for adults aged 21 and over. The bill seeks to amend Article IX of the Hawaii State Constitution, allowing ...
Tacoma City Council Decriminalizes Natural Psychedelics
LOS ANGELES- The Tacoma City Council in Washington State unanimously approved a resolution to decriminalize natural psychedelics, including substances containing tryptamines, phenethylamines, and indolamines. This legislative action designates the enforcement of laws against these entheogenic ...
Rhode Island Proposes Psilocybin Legalization and State-Regulated Therapy Program Pending Federal Rescheduling
LOS ANGELES- In January 2025, Rhode Island lawmakers introduced House Bill 5186, aiming to legalize psilocybin possession and cultivation for personal use. The bill proposes that individuals be allowed to cultivate psilocybin within their residences ...
Cannabis Legalization Measures Face Challenges in 2024 Elections
LOS ANGELES- In the 2024 elections, marijuana legalization measures faced significant challenges across multiple states. Notably, only Nebraska succeeded in relaxing restrictions by approving two ballot measures that legalized medical cannabis and established a regulatory ...
PharmaCann Defaults on Innovative Industrial Properties Leases
LOS ANGELES- On December 19, 2024, PharmaCann Inc., a privately held and vertically integrated cannabis company, defaulted on its December rent obligations for six of the eleven properties leased from Innovative Industrial Properties, Inc. (IIP). ...
Awakn Life Sciences Secures $535,000 Credit Facility to Advance Addiction Treatment Programs
LOS ANGELES - Awakn Life Sciences Corp. a clinical-stage biotechnology company focusing on treatments for substance use and mental health disorders, has secured an unsecured credit facility of up to US$535,000 from an arm's length ...
Massachusetts Adult-Use Cannabis Sales Reach Record $1.64 Billion in 2024
LOS ANGELES- In 2024, Massachusetts' adult-use cannabis industry achieved a record $1.64 billion in gross sales, marking a significant milestone since the state's first recreational dispensaries opened in November 2018. The Massachusetts Cannabis Control Commission ...
Nebraska Medical Cannabis Bills Propose Vertical Integration with License Caps
LOS ANGELES- Nebraska lawmakers have introduced legislative proposals to implement the state's recently approved medical cannabis laws. The proposed regulations include provisions for vertical integration and impose caps on the number of licenses issued. Under ...
European Citizens Launch Initiative to Promote Psychedelic-Assisted Therapies
LOS ANGELES- A coalition of healthcare professionals, academics, and advocates has initiated the PsychedeliCare European Citizens' Initiative (ECI), aiming to enhance access to psychedelic-assisted therapies across the European Union. The campaign seeks to collect one ...
New York’s Cannabis Tax Revenue Surges Amid Market Expansion
LOS ANGELES- New York State is experiencing a significant increase in tax revenue from legal cannabis sales. For the fiscal year ending March 31, 2025, the state anticipates collecting $161.8 million, a fourfold increase from ...
Regulatory Challenges for Hemp Beverages in the USA
LOS ANGELES - The hemp beverage industry in the United States is growing rapidly, driven by consumer demand for wellness-focused and sustainable alternatives to traditional drinks. According to Fortune Business Insights, the U.S. cannabis beverage ...
The Rise of Cannabis Beverages: Trends and Market Insights for 2025
LOS ANGELES - Cannabis beverages are gaining traction in the health and wellness industry as a new way to deliver cannabinoid benefits. As 2025 approaches, this market is projected to grow significantly, evolving consumer preferences ...
Poland’s Medical Cannabis Prescriptions Decline Amid Regulatory Changes
LOS ANGELES- Recent regulatory changes in Poland have led to a significant decrease in medical cannabis prescriptions. In August 2023, the Ministry of Health implemented a regulation requiring physicians to verify a patient's medication history ...
High Tide Acquires Majority Stake in Germany’s Purecan GmbH
LOS ANGELES- Canadian cannabis retailer High Tide Inc. has announced a definitive agreement to acquire a 51% stake in German pharmaceutical wholesaler Purecan GmbH for approximately €4.8 million. The transaction comprises €2.4 million in High ...
MindMed Advances Clinical Programs and Secures Significant Funding
LOS ANGELES- Mind Medicine has released its 2025 Corporate Presentation, detailing strategic initiatives and significant financial developments. The company has secured a substantial $250 million equity investment, bolstering its cash reserves to approximately $295.3 million ...
