Legal Affairs
Virginia Lawmakers Enact Plan for Legal Cannabis Sales
RICHMOND – The Virginia Senate and House of Delegates gave final approval Monday to a budget bill that legalizes recreational Cannabis sales. Lawmakers adopted Gov. Abigail Spanberger's proposed amendments in full, meaning the measure is ...
Tilray Acquires HelloMD to Build Out Canadian Medical Cannabis Network
NEW YORK – Tilray Brands Inc. has agreed to acquire HelloMD Corporation’s Canadian medical Cannabis assets, in a deal the companies say will build a fully vertically integrated medical Cannabis structure in Canada and add ...
DEA Opens Hearing on Adult-Use Cannabis Federal Schedule III Status
ARLINGTON – The Drug Enforcement Administration began hearings Monday on a proposal to reclassify Cannabis from Schedule I to Schedule III under the Controlled Substances Act (CSA), a proceeding officials and advocates on both sides ...
Cresco Labs Secures $50M Revolving Credit Facility
CHICAGO – Cresco Labs Inc. announced the closing of a credit agreement with Needham Bank, giving the company access to a $50 million revolving credit facility. The facility carries a fixed interest rate of 7.99% ...
FundCanna: Institutional Money (Finally) Finds Cannabis
LOS ANGELES – For years, Cannabis operators have built real businesses without access to the financial infrastructure that real businesses normally rely on. That may finally be starting to change. A San Diego-based Cannabis lender ...
Cross-Border Deals Now Define Cannabis M&A
LOS ANGELES – The global Cannabis industry has entered a new phase, one where the most influential deals are no longer being struck in North America, but across continents. The month of June kicked off ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – Highly Capitalized Network-HCN tracked meaningful steps in operational strengthening, capital readiness, and program performance across the Cannabis and Psychedelics sectors during the past two weeks. The capital markets finally spoke, and they ...
Virginia Lawmakers Enact Plan for Legal Cannabis Sales
RICHMOND – The Virginia Senate and House of Delegates gave final approval Monday to a budget bill that legalizes recreational Cannabis sales. Lawmakers adopted Gov. Abigail Spanberger's proposed amendments in full, meaning the measure is ...
Tilray Acquires HelloMD to Build Out Canadian Medical Cannabis Network
NEW YORK – Tilray Brands Inc. has agreed to acquire HelloMD Corporation’s Canadian medical Cannabis assets, in a deal the companies say will build a fully vertically integrated medical Cannabis structure in Canada and add ...
DEA Opens Hearing on Adult-Use Cannabis Federal Schedule III Status
ARLINGTON – The Drug Enforcement Administration began hearings Monday on a proposal to reclassify Cannabis from Schedule I to Schedule III under the Controlled Substances Act (CSA), a proceeding officials and advocates on both sides ...
Australia’s Legal Cannabis Market Projects Significant Growth
LOS ANGELES- Australia's legal cannabis market is poised for substantial expansion, with projections estimating growth from USD 126.32 million in 2024 to USD 420.33 million by 2030, reflecting a compound annual growth rate (CAGR) of ...
Texas Expands Medical Cannabis Access
LOS ANGELES- In a significant policy shift, Texas lawmakers have approved House Bill 46, expanding the state's medical cannabis program to include patients with chronic pain and those in hospice or terminal care. The bill ...
Cresco Labs Reschedules Q1 2025 Earnings
LOS ANGELES- Cresco Labs Inc. has announced an updated schedule for its first quarter 2025 financial disclosures. The company will file its interim financial statements and Management’s Discussion and Analysis (MD&A) on Friday, May 30, ...
London Mayor Advocates for Decriminalization of Cannabis Possession
LOS ANGELES- London Mayor Sadiq Khan has endorsed recommendations from the London Drugs Commission (LDC) to decriminalize the possession of small quantities of natural cannabis for personal use. The LDC, established by Khan in 2022 ...
New Zealand Medicinal Cannabis Firms Propose Merger to Form Helius Health
LOS ANGELES- Three of New Zealand's medicinal cannabis companies—Helius Therapeutics, Green Leaf Group, and Elysian Group—have announced plans to merge into a single entity named Helius Health. The proposed consolidation aims to integrate the full ...
MindMed Appoints Brandi Roberts as Chief Financial Officer
LOS ANGELES- Mind Medicine has announced the appointment of Brandi L. Roberts, CPA, as its Chief Financial Officer, effective June 2, 2025. Roberts will oversee the company's financial strategy, capital planning, accounting, investor relations, and ...
Federal Court Invalidates Oregon’s Cannabis Labor Neutrality Law
LOS ANGELES- A federal judge has ruled that Oregon's Measure 119, which mandated labor neutrality agreements for cannabis businesses, is unconstitutional. The decision impacts the regulatory landscape for the state's cannabis industry. Measure 119, approved ...
Consumers Pay Premium for Fast-Acting Cannabis Edibles
LOS ANGELES- A recent industry analysis reveals that cannabis consumers are increasingly favoring fast-acting edible products, demonstrating a willingness to pay higher prices for quicker onset effects. The 2025 Edibles Premiumization Report, conducted by cannabis ...
MediPharm Labs Initiates EU and UK Production of Cannabis Metered Dose Inhalers
LOS ANGELES- MediPharm Labs Corp. has commenced production of its cannabis metered dose inhalers for the European Union and United Kingdom markets. This initiative is part of an exclusive sales and distribution agreement with Blackpoint ...
Pennsylvania Senator Introduces ‘Keystone Cannabis Act’ to Legalize Adult-Use Cannabis
LOS ANGELES- Pennsylvania State Senator Marty Flynn (D-22) has announced plans to introduce the "Keystone Cannabis Act," a legislative proposal aimed at legalizing adult-use cannabis in the Commonwealth. The announcement follows the recent rejection of ...
Rubicon Organics Finalizes Conditions for Hope Facility Acquisition
LOS ANGELES- Rubicon Organics Inc. has announced the fulfillment of all conditions precedent related to its agreement with MediPharm Labs Inc. for the acquisition of a 47,500-square-foot indoor cultivation facility located in Hope, British Columbia. ...
Argentina Overhauls Medical Cannabis Program with Stricter Regulations
LOS ANGELES- In 2025, Argentina implemented significant reforms to its medical cannabis program, REPROCANN, introducing stricter regulations for cultivators, non-governmental organizations (NGOs), and medical professionals. These changes aim to enhance oversight and ensure the program's ...
Curaleaf and Jupiter Research Obtain EU Certification for Medical Cannabis Inhalation Device
LOS ANGELES- Curaleaf International, in collaboration with Jupiter Research LLC, a subsidiary of TILT Holdings Inc., has secured European Union (EU) medical device certification for a handheld liquid inhalation device designed for precise medical cannabis ...
Thailand Implements Stricter Cannabis Regulations
LOS ANGELES- Thailand is set to enforce stricter controls on cannabis sales following a notable increase in smuggling attempts, particularly involving foreign tourists. The Ministry of Public Health announced that, within approximately 40 days, cannabis ...
Indigenous Tribes Expand Presence in U.S. Cannabis and Hemp Sectors
LOS ANGELES- A recent analysis by the Indigenous Cannabis Industry Association (ICIA) and law firm Vicente LLP reveals that approximately 26% of the 358 federally recognized Indigenous communities in the continental United States are now ...
Colorado Court Dismisses Mammoth Farms’ Lawsuit Against Marijuana Enforcement Division
LOS ANGELES- A Denver District Court has dismissed a lawsuit filed by Mammoth Farms against the Colorado Marijuana Enforcement Division (MED), ruling that the cannabis cultivator must pursue regulatory changes through administrative channels rather than ...
Thailand Moves to Restrict Cannabis Use to Medical Purposes Within 40 Days
LOS ANGELES- Thailand's Public Health Minister, Somsak Thepsutin, has announced plans to implement regulations within 40 days that will restrict cannabis use to medical purposes only. Under the forthcoming rules, both Thai nationals and foreigners ...
The Cannabist Company Receives Court Approval for Corporate Restructuring Plan
LOS ANGELES- The Cannabist Company Holdings Inc. a U.S.-based cannabis cultivator, manufacturer, and retailer, has obtained final approval from the Ontario Superior Court of Justice (Commercial List) for its previously announced Plan of Arrangement under ...
Canada’s Legal Cannabis Market Forecasted to Reach $5.79 Billion by 2030
LOS ANGELES- Canada's legal cannabis industry is projected to expand significantly over the next five years, with market size estimates reaching USD 5.79 billion by 2030, up from USD 3.25 billion in 2024. This growth ...
Humboldt Family Farms: Terroir and Cannabis
The concept of terroir, traditionally rooted in French viticulture, refers to the unique set of environmental factors that influence the growth and characteristics of a crop. While usually associated with wine, the application of terroir ...
Texas Republicans Approve Total Ban on Hemp-Derived THC Products
DALLAS-In a sweeping move that could reshape Texas' booming hemp industry, the state House of Representatives has passed an amended version of Senate Bill 3 that bans all hemp products containing any form or amount ...
Analysis: Germany Legalized Cannabis. Now the Real Work Begins.
BERLIN-On April 1, 2024, Germany made history by legalizing adult-use cannabis. But legalization was only the first step. More than a year later, the rollout has exposed the complexities of implementing cannabis reform in a ...
Silo Pharma’s SP-26 Ketamine Implant Meets All Endpoints in Preclinical Fibromyalgia Study
LOS ANGELES- Silo Pharma Inc. a developmental-stage biopharmaceutical company, announced that its investigational ketamine implant, SP-26, met all primary endpoints in a preclinical study targeting fibromyalgia. The study, conducted in minipigs, assessed the implant's safety, ...
Tilray Medical Introduces Good Supply Cannabis Brand to German Market
LOS ANGELES- Tilray Medical, a division of Tilray Brands Inc has launched its Canadian cannabis brand, Good Supply, in Germany. This expansion aims to provide German medical cannabis patients with access to a range of ...
MariMed Reports Q1 2025 Financial Results
LOS ANGELES- MariMed Inc. a multi-state cannabis operator, reported its financial results for the first quarter ended March 31, 2025. Financial Overview Revenue: $38.0 million, a slight increase from $37.9 million in Q1 2024. Gross ...
