Legal Affairs
350 Retail Cap and Tier V Cultivation Limits: What Virginia’s Scarcity Model Means for License Strategy
RICHMOND- Virginia’s adult-use design is built on scarcity and structural oversight. The 350 retail cap materially limits market density, shaping site selection and long-term valuation models. Tier V cultivation remains limited to five large operators. ...
Virginia Adult-Use Applications Expected in 2026: Operators Should Begin Structuring Now
NEW YORK- Virginia’s adult-use Cannabis legislation is now in reconciliation after both the House (HB 642) and Senate (SB 542) advanced competing sales frameworks. For operators, the question is no longer whether retail will launch—but ...
SAM in Action: How Dark Money Fuels Prohibitionists Attacks
LOS ANGELES – A noticeable uptick in anti-Cannabis content has appeared on social platforms lately, flooding threads with posts on scromiting, schizophrenia, psychosis risks, outdated research, recycled study headlines, and new ballot proposals surfacing in ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – The Cannabis and Psychedelics worlds delivered a fresh wave of momentum that’s turning heads from boardrooms to ballot boxes. States pushed bold new frontiers in therapeutic access, millions of Americans embraced microdosing ...
DOJ Keeps Silent on Cannabis Rescheduling Updates
WASHINGTON – It's been more than 40 days since President Donald Trump signed an executive order calling for the swift rescheduling of Cannabis, yet the Department of Justice (DOJ) remains tight-lipped on any progress. A ...
High Tide Reports Q4 and Full FY 2025 Financial Results
CALGARY – High Tide Inc., the Canadian Cannabis retailer operating the Canna Cabana dispensary chain, released its audited financial results for the fourth quarter and full fiscal year ended October 31, 2025, reporting record revenue ...
Viridian Forecasts Accelerated M&A in Cannabis This Year
LOS ANGELES – Viridian Capital Advisors, a New York-based firm specializing in Cannabis finance and advisory services, has released its Key Insights for the U.S. Cannabis sector in 2026. The firm's analysts forecast a pickup ...
350 Retail Cap and Tier V Cultivation Limits: What Virginia’s Scarcity Model Means for License Strategy
RICHMOND- Virginia’s adult-use design is built on scarcity and structural oversight. The 350 retail cap materially limits market density, shaping site selection and long-term valuation models. Tier V cultivation remains limited to five large operators. ...
Virginia Adult-Use Applications Expected in 2026: Operators Should Begin Structuring Now
NEW YORK- Virginia’s adult-use Cannabis legislation is now in reconciliation after both the House (HB 642) and Senate (SB 542) advanced competing sales frameworks. For operators, the question is no longer whether retail will launch—but ...
SAM in Action: How Dark Money Fuels Prohibitionists Attacks
LOS ANGELES – A noticeable uptick in anti-Cannabis content has appeared on social platforms lately, flooding threads with posts on scromiting, schizophrenia, psychosis risks, outdated research, recycled study headlines, and new ballot proposals surfacing in ...
Week In Review: Ascend Wellness Secures $15 Million in Private Placement to Bolster Growth Initiatives; Virginia Senate Committee Advances Bill to Legalize Recreational Cannabis Sales; Leafly Holdings Delisted from Nasdaq Amid Financial Challenges
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: Arkansas Governor Proposes Funding Free School Meals with Medical Cannabis Tax Revenue; Biden Commutes Sentences of Nearly 2,500 Nonviolent Drug Offenders; Hemp-Derived CBD Market Set to Expand Significantly by 2034
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: Vireo Growth Inc. Secures $75 Million Financing and Acquires Four Cannabis Operators; Minnesota Approves Hemp Seed Meal for Laying Hens Agrify Divests Cultivation Business to Focus on THC Beverages; Aurora Cannabis Expands Distribution in Australia
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: Cansortium Completes Merger with RIV Capital; Cannabis Industry Forecast for 2025: A Year of Transformation; MariMed Launches Wholesale Cannabis Operations in Missouri; Aurora Cannabis Expands Distribution in Australia
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: Bipartisan Legislation for Expungement of Pardoned Federal Offenses; Trump’s Appointments & Future of Federal Cannabis Policy; Federal Restrictions on Cannabis Sales in Washington
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 ...
Portugal Eyes Leadership Role in Global Medical Cannabis Market
LOS ANGELES- Portugal is positioning itself as a significant player in the medical cannabis industry, leveraging its favorable climate and regulatory framework to boost production and exports. In 2023, the country exported nearly 12,000 kilograms ...
Hemp Industry Anticipates Expansion
LOS ANGELES- The U.S. Hemp Roundtable, a leading advocacy organization for the hemp sector, has strengthened its leadership by appointing two prominent figures from the hemp beverage industry. In September 2024, Art Massolo, Vice President ...
Federal Restrictions on Cannabis Sales in Washington
LOS ANGELES- A coalition of Republican lawmakers and Washington, D.C. officials is advocating for the removal of federal restrictions that prevent the District from regulating and taxing cannabis sales. During a recent House Appropriations subcommittee ...
Illinois Cannabis Market Leads in Diversity with 100th Social Equity Dispensary
LOS ANGELES- In July 2024, Illinois marked a significant milestone by opening its 100th social equity-owned cannabis dispensary, underscoring the state's commitment to fostering diversity within the industry. A comprehensive study by the Cannabis Regulation ...
Massachusetts Cannabis Market Sees Surge in Strain Diversity
LOS ANGELES- As of December 2024, Massachusetts' legal cannabis market boasts 740 active strains, marking a 29% increase from the 572 strains available in December 2023 and an 84% rise from 401 strains in December ...
Arizona Cannabis Sales and Tax Revenue: Recent Trends and Milestones
LOS ANGELES- In October 2024, Arizona's cannabis industry experienced a modest rebound, with recreational marijuana sales reaching $75.3 million, up from $67.3 million in September. Despite this month-over-month increase, sales remained below the previous year's ...
Trump’s Appointments and the Future of Federal Cannabis Policy
LOS ANGELES- The Trump administration’s recent appointments have raised questions about the trajectory of federal cannabis policy. With nominees holding diverse views on legalization and regulation, the decisions made in the coming months will play ...
Oh Cannabis, An Industry Is Yet To Land…
TORONTO—It didn’t have to be this way. I mean, in spite of what so many whinge and whine about, Canada had a lot to leverage. Canada is pretty big, with a population of about 40 ...
Dennis Peron: The Gay Revolutionary Who Pioneered Medical Cannabis in America
SAN FRANCISCO-Dennis Peron, the "Father of Medical Marijuana," is a towering figure in the history of cannabis advocacy. His relentless dedication to compassion and justice not only changed the lives of countless patients but also ...
Bipartisan Legislation Introduced to Facilitate Expungement of Pardoned Federal Offenses
LOS ANGELES- On November 22, 2024, Representative Kelly Armstrong (R-ND) introduced H.R. 10248, known as the Weldon Angelos Presidential Pardon Expungements Act, in the U.S. House of Representatives. The bill, which has been referred to ...
Global Developments in Cannabis Legalization in 2023
LOS ANGELES- In 2023, several countries made significant strides in cannabis legalization, reflecting a global shift in drug policy. Germany's Legislative Progress Germany advanced toward legalizing cannabis for adult use, aiming to become the European ...
RIV Capital’s Revenue Doubles Amid New York Cannabis Market Expansion
LOS ANGELES- RIV Capital Inc. reported a significant increase in net revenue for the third quarter ending September 30, 2024, achieving $4.9 million—a 28% rise from the previous quarter and a 186% surge compared to ...
Cannabis Industry Faces Rising Threat of Ransomware Attacks
LOS ANGELES- The cannabis industry is increasingly becoming a target for ransomware attacks, with the Everest Ransomware group recently focusing on this sector. In November 2024, two cannabis operators were listed as victims on Everest's ...
Michigan Transfers Hemp Regulation to USDA
LOS ANGELES- Michigan has concluded its state-managed industrial hemp program, transitioning regulatory oversight to the U.S. Department of Agriculture (USDA) effective January 1, 2025. This shift, prompted by the enactment of House Bill 5977, dissolves ...
Psychedelic Drugs Market Poised for Growth: From $0.7B in 2022 to $2.6B by 2032
The global psychedelic drugs market is projected to expand from $0.7 billion in 2022 to $2.6 billion by 2032, reflecting a compound annual growth rate (CAGR) of 13.4%.According to Allied Market Research This growth is ...
Oklahoma to Launch State-Run Cannabis Testing Lab for Industry Oversight by February 2025
LOS ANGELES- Oklahoma is preparing to launch a state-operated cannabis testing laboratory in February 2025, aiming to enhance the accuracy and reliability of product assessments within the state's medical cannabis industry. This initiative addresses longstanding ...
Climate First Bank Introduces Cannabis-Focused Financial Services in Florida
LOS ANGELES- Climate First Bank, headquartered in Orlando, Florida, has introduced specialized banking services tailored for the cannabis industry. This initiative aims to address the financial challenges faced by cannabis businesses, particularly in accessing traditional ...
Florida’s Cannabis Legalization Measure Fails Despite Majority Support
LOS ANGELES- In the recent election, Florida's Amendment 3, which proposed the legalization of recreational cannabis for adults aged 21 and over, received 56% voter support. However, it fell short of the 60% supermajority required ...
DEA Postpones Cannabis Rescheduling Hearings to 2025
LOS ANGELES-The U.S. Drug Enforcement Administration (DEA) has postponed its hearings on the proposed rescheduling of cannabis under the Controlled Substances Act (CSA) to early 2025. The delay follows a preliminary order from Chief Administrative ...
The Vegas Classic: A Premier B2B Networking Event in Partnership with MJBiz
LAS VEGAS- As the cannabis industry continues to evolve and expand, networking, collaboration, and innovative partnerships are more critical than ever. That’s why we’re incredibly excited to introduce The Vegas Classic, an exclusive B2B networking ...
