Legal Affairs
Michigan House Approves 24% Tax on Wholesale Cannabis Sales for Road Repairs
LANSING – In a swift move to head off a potential state government shutdown, the Michigan House of Representatives passed legislation imposing a 24% excise tax on wholesale Cannabis transactions, directing the proceeds toward long-overdue ...
Starmer Rules Out Cannabis Legalization in UK
LIVERPOOL – British Prime Minister Keir Starmer made clear during a question-and-answer session with high school students this week that his government has no plans to legalize Cannabis, a position that stands in contrast to ...
Ohio Cannabis Health and Business Summit Returns to I-X Center October 3-4, 2025
CLEVELAND, OH – September 16, 2025 — The Ohio Cannabis Health and Business Summit (OCHBS), founded by entrepreneur and community leader Lenny Berry, returns this fall with its biggest gathering yet. Some of the organizers of ...
Cannabis Real Estate Trends: What’s Selling Right Now
LOS ANGELES- The Cannabis industry continues to evolve at a rapid pace — but one thing remains constant: real estate is the foundation of every successful Cannabis business. The right property doesn’t just house operations; ...
HBA Pushes for Regulatory Framework on Hemp-Derived THC Beverages in Pennsylvania
HARRISBURG – The Hemp Beverage Alliance (HBA), a trade group with close to 400 members in the United States, Canada and the United Kingdom, has launched an initiative to set up guidelines for hemp-derived THC ...
Morocco Approves Licenses for 67 Cannabis-Based Products
RABAT – Moroccan regulators have cleared 67 Cannabis-derived products, signaling steady progress in the country's push toward a structured legal framework for the plant. The batch includes 26 cosmetic items and 41 dietary supplements, each ...
LSD Shows Promise in Prolonged Reduction of Anxiety Symptoms
LOS ANGELES – A recent study published in the Journal of the American Medical Association (JAMA) on September 4, suggests that a single dose of lysergic acid diethylamide (LSD) may significantly reduce symptoms of generalized ...
Michigan House Approves 24% Tax on Wholesale Cannabis Sales for Road Repairs
LANSING – In a swift move to head off a potential state government shutdown, the Michigan House of Representatives passed legislation imposing a 24% excise tax on wholesale Cannabis transactions, directing the proceeds toward long-overdue ...
Starmer Rules Out Cannabis Legalization in UK
LIVERPOOL – British Prime Minister Keir Starmer made clear during a question-and-answer session with high school students this week that his government has no plans to legalize Cannabis, a position that stands in contrast to ...
Ohio Cannabis Health and Business Summit Returns to I-X Center October 3-4, 2025
CLEVELAND, OH – September 16, 2025 — The Ohio Cannabis Health and Business Summit (OCHBS), founded by entrepreneur and community leader Lenny Berry, returns this fall with its biggest gathering yet. Some of the organizers of ...
High Tide Inc. Reports Revenue and Profitability in Q3 2024
LOS ANGELES- High Tide Inc. reported strong financial results for the third fiscal quarter of 2024, with record revenue of $131.7 million, reflecting a 6% increase year-over-year and sequentially. This revenue growth underscores the company's ...
MediPharm Labs Achieves Debt-Free Status with $2.1M Repayment
LOS ANGELES- MediPharm Labs Corp., a pharmaceutical company specializing in cannabis-based health products, has announced the repayment of its remaining $2.1 million convertible debt, making the company materially debt-free. With over $13 million in cash ...
Silo Pharma Advances Regulatory Path for PTSD Treatment SPC-15
LOS ANGELES- Silo Pharma, Inc. a developmental stage biopharmaceutical company, has submitted a proposal for FDA approval of its PTSD treatment, SPC-15, through the 505(b)(2) regulatory pathway. This pathway is designed to shorten clinical timelines ...
Embracing the Evolution: The Rise of Cannabis Consumption Lounges
LOS ANGELES — The cannabis industry is no stranger to innovation, and one of the most promising developments in recent years is the emergence of cannabis consumption lounges. These venues are revolutionizing the way consumers ...
Emerald Cup 2024: Behind the Scenes at a Celebration of Cannabis Culture in Oakland
OAKLAND — Last month, the Emerald Cup 2024, a premier event in the cannabis community, took place at the historic Henry J. Kaiser Convention Center in Oakland. Celebrating its 20th anniversary, this iconic event honors ...
Urbana Breathes New Life into Historic Luka’s Taproom with a New Cannabis Dispensary and Lounge in Oakland
Honoring a Beloved Oakland Landmark, Urbana Introduces a New Paradigm in Cannabis Retail and Consumption OAKLAND, CA – Urbana, one of Northern California’s premier cannabis brands, is thrilled to announce the opening of its newest ...
Michigan Cannabis Sales Hit Record $295.4 Million in August
LOS ANGELES- Michigan's cannabis industry set a new monthly sales record in August, with licensed dispensaries generating $295.4 million in revenue, according to the state's Cannabis Regulatory Agency (CRA). This figure includes $294.1 million from ...
Nixon’s Secret Recordings: A Shift in Private Views on Cannabis
LOS ANGELES- Recently uncovered White House recordings from 1973 reveal that President Richard Nixon privately acknowledged that cannabis was "not particularly dangerous," a stance at odds with his administration's aggressive drug policies. The recordings, discovered ...
FDA Consideration of Psilocybin Therapy Could Impact Millions of Depression Patients
LOS ANGELES- Recent research suggests that the active ingredient in psychedelic mushrooms, psilocybin, may offer significant benefits for individuals struggling with depression, pending approval from the U.S. Food and Drug Administration (FDA). With roughly one ...
California Governor Proposes Emergency Ban on THC in Hemp Products
LOS ANGELES- California Governor Gavin Newsom announced emergency regulations on Friday that would prohibit the sale of hemp products containing detectable levels of THC, the psychoactive compound in cannabis. The move aims to address concerns ...
Medical Cannabis in Germany: A Gateway for Investment and Innovation
The investment climate in Germany's medical cannabis industry is poised for significant expansion, driven by the global cannabis legalization movement, ongoing regulatory changes, and mounting community and market demand. As the country embraces a more ...
MindMed to Present at Key September Investor Conferences
LOS ANGELES- Mind Medicine (MindMed) Inc., a clinical-stage biopharmaceutical company focused on developing novel treatments for brain health disorders, announced its participation in three significant investor conferences in September 2024. MindMed’s management team will engage ...
Green Thumb Secures $150 Million Syndicated Credit Facility
LOS ANGELES- Green Thumb Industries Inc, a national cannabis consumer packaged goods company and owner of RISE Dispensaries, has announced the closing of a $150 million 5-year syndicated credit facility. The financing, led by Valley ...
Luxury Cannabis Market Expands with High-End Dispensaries
LOS ANGELES- The cannabis industry is shifting its focus towards luxury consumers, with a growing number of high-end dispensaries opening in upscale areas like Fifth Avenue in New York City and the Hamptons. This new ...
Cannabis Sector Volatility Deepens After DEA Rescheduling Delay
LOS ANGELES- The cannabis industry faced heightened volatility as the MSOS ETF (NYSE: MSOS), which tracks U.S. cannabis companies, dropped by 15.24% following the DEA’s decision to delay rescheduling cannabis until December 2. The market ...
Wiesbaden Seeks to Join Cannabis Sales Pilot in Pharmacies
GERMANY- Wiesbaden, the capital of Hesse, Germany, has officially applied to participate in a pilot project for cannabis sales through pharmacies. The initiative aims to study the impact of a regulated cannabis market on reducing ...
California Intensifies Crackdown on Illegal Pesticide Use in Hemp Industry
LOS ANGELES- California regulators have intensified efforts to address illegal pesticide use in the hemp industry, underscored by a recent case involving Northern California hemp grower Bin Zheng. The California Department of Pesticide Regulation (DPR) ...
Trump Weighs In on Florida Cannabis Legalization Ballot Measure
LOS ANGELES- Former President Donald Trump recently shared his thoughts on Florida's Amendment 3, a ballot measure that would legalize cannabis for adults 21 and over. In a post on Truth Social, Trump signaled tentative ...
Kentucky Receives Nearly 5,000 Applications for Medical Cannabis Business Licenses
LOS ANGELES- Kentucky officials have received 4,998 applications for medical cannabis business licenses as part of the state's newly established medical cannabis program, Gov. Andy Beshear announced. The majority of applications (4,076) were for dispensary ...
Missouri Hemp Trade Group Files Lawsuit Over Ban on Intoxicating Hemp Products
LOS ANGELES- The Missouri Hemp Trade Association has filed a lawsuit against the Department of Health and Senior Services (DHSS) challenging the state's recent ban on intoxicating hemp products. The lawsuit, filed in Cole County ...
Michigan Cannabis Prices Reach Historic Lows Amid Market Oversupply
LOS ANGELES- In July, cannabis prices in Michigan's legal market dropped to an all-time low, with the average price of an ounce of flower falling to $79.70, according to data from the Michigan Cannabis Regulatory ...
Ohio Recreational Cannabis Sales Reach Over $44 Million in First Month
LOS ANGELES- Ohio's legal cannabis market saw strong initial performance, with over $67.3 million in total sales between August 6 and August 31, according to the state's Division of Cannabis Control (DCC). Of this, $44 ...
Investment Environment and Outlook for Medical Cannabis in Ukraine
KYIV--The medical cannabis industry in Ukraine is on the cusp of transformation, fueled by recent legislative changes and a growing recognition of its potential benefits. As the country fights for its independence on the battlefields ...
Wisconsin Tribal Groups Launch Campaign to Push for Medical Cannabis Legalization
LOS ANGELES- A new campaign to legalize medical cannabis in Wisconsin has been launched by the Indigenous Cannabis Industry Association and the Wisconsin Tribal Task Force on Cannabis. The initiative, named Wisconsin Wellness, aims to ...
Alabama Judge Considers Easing Restrictions on Medical Cannabis Licensing
LOS ANGELES- A Montgomery County judge signaled Tuesday that he may consider easing some restrictions on the Alabama Medical Cannabis Commission (AMCC) to allow limited vetting of cannabis license awards, potentially advancing the state’s delayed ...
