Legal Affairs
Chicago City Council Sets Intoxicating Hemp Products Off Limits, Beverages Still in The Game
CHICAGO – The City Council voted 32-16 to restrict sales of most intoxicating hemp-derived products across the city, carving out an allowance for THC-infused beverages while imposing immediate curbs on purchases by minors. The measure, ...
Florida Cannabis Initiative Nears Signature Goal
TALLAHASSEE – Organizers of a proposed constitutional amendment to legalize recreational Cannabis in Florida reported a sharp increase in verified voter signatures, bringing their total to 760,002 and narrowing the gap to the threshold needed ...
The Bipartisan HEMP Act Targets Federal Rules for Hemp-Derived CBD
WASHINGTON – Representatives Morgan Griffith, a Republican from Virginia, and Marc Veasey, a Democrat from Texas, introduced a bill on Friday to set the first national standards for hemp-derived CBD products, placing oversight with the ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – Federal rescheduling under President Trump’s Executive Order sparked widespread state reactions and investor outlooks into early 2026, blending consolidations and expansions with regulatory friction, outright manipulation, and overtures to public opinion. Psychedelics ...
NY Cannabis Retailers Double in Number, Push Total Sales Past $2.5B Mark
NEW YORK – New York state's licensed Cannabis dispensaries grew to 556 outlets by the end of 2025, more than twice the 261 operating a year earlier, as adult-use sales crossed the $2.5 billion threshold ...
Czech Republic Rolls Out Limited Cannabis Reforms, Allowing Home Growing and Possession Caps
PRAGUE – The Czech Republic ushered in the new year with measured changes to its Cannabis policies, legalizing personal cultivation and setting clear possession thresholds for adults. Under the reforms signed into law by President ...
Verano Expands Medical Cannabis Footprint in West Virginia
CHICAGO – Verano Holdings Corp. has launched its sixth medical Cannabis outlet in West Virginia, targeting the heart of the state's capital to reach more patients in a market that continues to draw steady but ...
Chicago City Council Sets Intoxicating Hemp Products Off Limits, Beverages Still in The Game
CHICAGO – The City Council voted 32-16 to restrict sales of most intoxicating hemp-derived products across the city, carving out an allowance for THC-infused beverages while imposing immediate curbs on purchases by minors. The measure, ...
Florida Cannabis Initiative Nears Signature Goal
TALLAHASSEE – Organizers of a proposed constitutional amendment to legalize recreational Cannabis in Florida reported a sharp increase in verified voter signatures, bringing their total to 760,002 and narrowing the gap to the threshold needed ...
The Bipartisan HEMP Act Targets Federal Rules for Hemp-Derived CBD
WASHINGTON – Representatives Morgan Griffith, a Republican from Virginia, and Marc Veasey, a Democrat from Texas, introduced a bill on Friday to set the first national standards for hemp-derived CBD products, placing oversight with the ...
How Cannabis Companies Can Raise Capital in a Challenging Environment
NEW YORK-The cannabis industry has seen impressive growth over the last decade, but the landscape has become more challenging as businesses face regulatory hurdles, tax burdens, and market saturation. Despite these obstacles, cannabis companies can ...
Canopy Growth Finalizes Acquisition of Acreage Holdings
LOS ANGELES- Canopy Growth Corporation, a Canadian cannabis company, has completed its acquisition of Acreage Holdings through its U.S. subsidiary, Canopy USA, LLC. This transaction grants Canopy USA full ownership of Acreage Holdings, a multi-state ...
Virginia Democrats Plan to Reintroduce Cannabis Sales Legislation Amid Governor’s Opposition
LOS ANGELES- In Virginia, Democratic legislators are preparing to reintroduce a bill to establish a regulated market for adult-use cannabis sales. This initiative follows Governor Glenn Youngkin's veto of similar legislation in March 2024, citing ...
Exploiting the 2018 Farm Bill Loophole: The Rise of Legal Hemp in the Non-Legal Cannabis Market
LOS ANGELES--The regulatory landscape for cannabis in the United States has changed significantly since the passage of the 2018 Farm Bill, which legalized the cultivation of hemp and its derivatives. This legislation inadvertently created a ...
Section 280E Tax Law Challenges Cannabis Industry
LOS ANGELES- Section 280E of the Internal Revenue Code presents significant financial challenges for cannabis businesses by prohibiting the deduction of ordinary business expenses associated with the trafficking of Schedule I or II controlled substances, ...
Wisconsin Senate Minority Leader Proposes Medical Cannabis Legalization for 2025
LOS ANGELES- Senate Minority Leader Melissa Agard (D-Madison) has announced plans to introduce legislation to legalize medical cannabis in Wisconsin during the 2025 legislative session. This initiative builds upon previous efforts that have encountered resistance ...
Cannabis Business: A Month-by-Month Year in Review for 2024
LOS ANGELES- Wow...2024 flew by but left a lot of casualties as the emerging market of cannabis, continues its emergence in 2024. Here's what went down in case you were away from your desk: January ...
Brownie Mary: The Unlikely Heroine of Cannabis Advocacy
SAN FRANCISCO–In the quiet streets of San Francisco during the 1970s, an unassuming elderly woman with frizzy hair and a grandmotherly smile quietly built a legacy that would forever change the trajectory of cannabis legalization ...
Japan Enacts Stricter Cannabis Laws with Severe Penalties
LOS ANGELES- Japan has recently implemented stringent measures against cannabis use, introducing penalties of up to seven years in prison for consumption. Previously, while possession and cultivation were illegal, personal use was not explicitly prohibited. ...
Psychedelics Show Promise in Alleviating End-of-Life Psychological Distress
LOS ANGELES- Recent studies indicate that psychedelics, particularly psilocybin, may help reduce depression, anxiety, and existential distress in patients with terminal illnesses. A systematic review published in Psychopharmacology analyzed data from various studies and found ...
Medical Cannabis Set to Launch in Ukraine in Early 2025
KYIV- After Ukraine legalized cannabis for medical use earlier this year, a key lawmaker announced that the first cannabis-based medicines could be available as early as next month. Olga Stefanishyna, a member of Ukraine’s parliament ...
NEW: Comprehensive List of Cannabis Events in 2025
LOS ANGELES - The cannabis industry is alive with opportunity and collaboration in 2025. These events serve as critical platforms for education, networking, and driving business success. Whether you're a veteran in the industry or ...
Week In Review: Cross-currents in Cannabis and Psychedelics: Legal Momentum, Market Shakeups, and Policy Flashpoints Define the Week
LOS ANGELES — Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets with some states doing amazingly well. And some, well...they're not doing so well (hello New ...
Week In Review: Organigram Expands U.S. Market; The Senator Who Legalized Consumable Hemp Now Wants to Ban It; Curaleaf Takes Full Control of European Arm in Bold Strategic Move
LOS ANGELES — Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets with some states doing amazingly well. And some, well...they're not doing so well (hello New ...
Week In Review: Cronos Expands Medical Cannabis Presence in Switzerland; Cybin Secures Up to US $500 Million via Convertible Debentures to Fuel Clinical Growth; iAnthus Reports Unanimous Approval at Annual General Meeting; Mike Tyson Urges Trump to Act on Cannabis Reform
LOS ANGELES — Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets with some states doing amazingly well. And some, well...they're not doing so well (hello New ...
Week In Review: LIMS Market Projected to Hit $5.19 Billion by 2030; Verano Debuts Bodega‑Style Dispensary in Arizona; Aurora Cannabis Refutes AI-Generated Deal Reports on Investing.com
LOS ANGELES — Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets with some states doing amazingly well. And some, well...they're not doing so well (hello New ...
Week In Review: Aurora Cannabis Denies Acquisition of MedLeaf Therapeutics; Canadian Cannabis Producers Expand Exports; Method Man and Zamnesia Partner to Launch Eight TICAL Cannabis Seeds in U.S. and Europe
LOS ANGELES — Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets with some states doing amazingly well. And some, well...they're not doing so well (hello New ...
DEA Judge Sets Schedule for Cannabis Rescheduling Testimony
WASHINGTON, D.C.–The debate over cannabis' federal classification is set to intensify as the DEA prepares for pivotal hearings on its status under the Controlled Substances Act. DEA Administrative Law Judge John Mulrooney has announced that ...
Week In Review: North Carolina Governor Proposes Cannabis Legalization to Curb Unregulated Hemp Market; ProStar SEO Identifies Key Google Ranking Factors for Cannabis Businesses
LOS ANGELES — Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets with some states doing amazingly well. And some, well...they're not doing so well (hello New ...
Week In Review: Village Farms Completes Divestiture of Fresh Produce Business to Focus on Cannabis; Massachusetts House Approves Cannabis Oversight Reform Bill; Ascend Wellness Secures $50 Million Through Private Placement of Senior Secured Note; FLUENT Corp. Expands Indoor Cultivation with Rosa Facility in Florida
LOS ANGELES — Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets with some states doing amazingly well. And some, well...they're not doing so well (hello New ...
Week In Review: Rubicon Organics Finalizes Conditions for Hope Facility Acquisition; Cresco Labs Reschedules Q1 2025 Earnings; London Mayor Advocates for Decriminalization of Cannabis Possession; New Zealand Medicinal Cannabis Firms Propose Merger to Form Helius Health
LOS ANGELES — Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets with some states doing amazingly well. And some, well...they're not doing so well (hello New ...
Week In Review: The Cannabist Company Receives Court Approval for Corporate Restructuring Plan; Texas Republicans Approve Total Ban on Hemp-Derived THC Products; MariMed Reports Q1 2025 Financial Results
LOS ANGELES — Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets with some states doing amazingly well. And some, well...they're not doing so well (hello New ...
Week In Review: Canopy Growth Introduces Targeted Product Expansion for Canadian Market; U.S. Legal Cannabis Sales Surpass $30 Billion in 2024
LOS ANGELES — Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets with some states doing amazingly well. And some, well...they're not doing so well (hello New ...
Week In Review: Boston Beer Company Expands Cannabis Beverage Portfolio; Cronos Group Reports First Quarter 2025; THC Design Repositions for National Expansion
LOS ANGELES — Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets with some states doing amazingly well. And some, well...they're not doing so well (hello New ...
Week In Review: Federal Inaction on Cannabis Exports May Cost U.S. Economy $10 Billion Annually; LEEF Brands Reports Financial Results; California Lawmakers Advance Bill to Halt Cannabis Excise Tax Increase
LOS ANGELES — Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets with some states doing amazingly well. And some, well...they're not doing so well (hello New ...
