Legal Affairs
Nebraska Takes First Step Toward State-Grown Medical Cannabis Supply
LINCOLN – Nebraska’s medical Cannabis program, approved by voters in 2024, has reached a notable early milestone. State regulators recently authorized the first licensed cultivator to begin planting, marking concrete progress in building a regulated ...
Ora Pharm Completes Helius Acquisition, Becomes New Zealand’s Largest Medical Cannabis Company
AUCKLAND – Ora Pharm has completed the acquisition of the key assets of Helius Therapeutics and restarted manufacturing operations. The agreement covers Helius's EU-GMP-certified production plant, its remaining inventory, and its operating licenses, though it ...
Glass House Brands Triggers Warrant Acceleration
LONG BEACH – Glass House Brands Inc., a major player in California Cannabis production and retail, has told holders of warrants issued in two earlier financing rounds that their right to convert those securities into ...
Oregon Completes First Full Year of Psilocybin Services Data Collection
SALEM – Oregon Psilocybin Services (OPS) has wrapped up its 2025 quarterly reporting, giving the public its clearest view yet of how the state's regulated program performed over a full calendar year. Psychedelic Alpha released ...
California Cannabis Delivered Steady Tax Dollars in Q1 2026
SACRAMENTO – The California Department of Tax and Fee Administration (CDTFA) reported that legal Cannabis retailers generated close to $248 million in combined tax revenue during the first three months of 2026. As of May ...
Vireo Growth Completes Purchase of Leased NY Cannabis Facility
MINNEAPOLIS – Vireo Growth Inc. has completed the acquisition of its Johnstown, New York Cannabis production facility from Innovative Industrial Properties, Inc., paying $88.5 million for the 389,000-square-foot cultivation and production site previously held under ...
Village Farms Brings Home Producer of the Year Award
LONDON-VANCOUVER – Village Farms International Inc. was named Producer of the Year at the 2026 Business of Cannabis Awards, held on May 26 in London's Shoreditch following the opening day of Cannabis Europa Conference at ...
Nebraska Takes First Step Toward State-Grown Medical Cannabis Supply
LINCOLN – Nebraska’s medical Cannabis program, approved by voters in 2024, has reached a notable early milestone. State regulators recently authorized the first licensed cultivator to begin planting, marking concrete progress in building a regulated ...
Ora Pharm Completes Helius Acquisition, Becomes New Zealand’s Largest Medical Cannabis Company
AUCKLAND – Ora Pharm has completed the acquisition of the key assets of Helius Therapeutics and restarted manufacturing operations. The agreement covers Helius's EU-GMP-certified production plant, its remaining inventory, and its operating licenses, though it ...
Glass House Brands Triggers Warrant Acceleration
LONG BEACH – Glass House Brands Inc., a major player in California Cannabis production and retail, has told holders of warrants issued in two earlier financing rounds that their right to convert those securities into ...
Trump’s Tariffs, Social Program Cuts, and the Future of the Cannabis Industry
NEW YORK- Economic policy doesn’t just influence government budgets—it reshapes entire industries. For the U.S. cannabis sector, still federally illegal and structurally fragmented, proposed tariffs and social program cuts under a second Trump administration could ...
Hemp-Derived THC Beverages Are Booming as Cannabis Companies and Big Retail Jump In
NEW YORK- As federal cannabis reform remains stalled, a different kind of green wave is gaining momentum—this one is carbonated, hemp-based, and available online or at your local corner store. Hemp-derived THC beverages, which leverage ...
TILT Holdings Addresses Default Notices from Innovative Industrial Properties
LOS ANGELES- TILT Holdings Inc., a provider of cannabis business solutions, has received default notices from Innovative Industrial Properties (IIP) concerning two properties due to outstanding rental obligations. The properties in question are located ...
AYR Wellness Announces Leadership Changes
LOS ANGELES- AYR Wellness Inc., a U.S.-based multi-state cannabis operator, has announced recent adjustments to its executive team. Effective April 4, 2025, Steven M. Cohen stepped down as Interim Chief Executive Officer, a position he ...
Tariffs Expected to Increase Costs for U.S. Cannabis Consumers
LOS ANGELES- Recent tariff measures introduced by the U.S. administration are projected to raise the prices of cannabis products nationwide. The cannabis industry, which relies significantly on imports for various components, is poised to experience ...
Ireland Could Make Great Cannabis Policy: Examining the Past to Look Forward
LOS ANGELES - Access to safe and controlled cannabis for the Irish people is being decided upon in 2025. Watching a country make cannabis history is fascinating; Ireland and Europe at large are grappling with ...
Republicans Push to Recriminalize , NORML Pushes Back
WASHINGTON, D.C.--(NORML) The battle for cannabis freedom is ongoing. Despite growing public support for legalization, there remains a vocal yet powerful minority intent on maintaining the failed policy of cannabis criminalization. But every time ...
Massachusetts Deliberates Social Consumption Regulations for Cannabis Industry
LOS ANGELES- The Massachusetts Cannabis Control Commission (CCC) is progressing with plans to establish regulations for social consumption of cannabis, aiming to balance industry growth with public health and safety considerations. Proposed License Categories In ...
Safe Harbor Financial and Würk Form Partnership to Enhance Cannabis Industry Services
LOS ANGELES- Safe Harbor Financial, a fintech company specializing in financial services for the regulated cannabis industry, has entered into a strategic partnership with Würk, a human capital management firm focused on the cannabis sector. ...
Study Reveals Proliferation of Psilocybin Dispensaries in Canadian Urban Centers
LOS ANGELES- A recent study published in JAMA Network Open has identified 57 psilocybin dispensaries operating across 35.7% of major Canadian urban centers as of May 2024. The majority of these establishments are located in ...
Growing Craft with Scott Vasterling: A Fresh Perspective on Sungrown Cannabis
FOR IMMEDIATE RELEASE LOS ANGELES — A fresh voice is breaking into the cannabis media space, and it's set to change the way we think about craft cannabis forever. The highly anticipated debut of "Growing ...
Planet 13 Grants Restricted Stock Units to Leadership and Staff
LOS ANGELES- Planet 13 Holdings Inc., a vertically integrated multi-state cannabis company, has allocated 13,776,345 Restricted Stock Units (RSUs) to its officers, directors, and employees. The distribution, executed on March 31, 2025, aligns with the ...
Mississippi Dispensary Owner Challenges State’s Medical Cannabis Advertising Ban in Supreme Court
LOS ANGELES- In March 2025, Clarence Cocroft, owner of Tru Source Medical Cannabis in Olive Branch, Mississippi, petitioned the United States Supreme Court to review the state's prohibition on advertising for medical cannabis businesses. This ...
IM Cannabis Corp Reports Significant Growth in German Market
LOS ANGELES- IM Cannabis Corp has reported a 25% increase in revenue for the fourth quarter of 2024, reaching €13.3 million, compared to the same period in the previous year. This growth is largely attributed ...
Cannabis Extract Shows Potential in Reducing Neuroinflammation After Spinal Cord Injury
LOS ANGELES- A recent study published in the journal Neuroscience indicates that a cannabis extract containing both tetrahydrocannabinol (THC) and cannabidiol (CBD) may significantly reduce neuroinflammation and improve motor function following spinal cord injury. ...
Brazil’s Cannabis Industry Advances Amid Legal and Research Developments
LOS ANGELES- Brazil is witnessing significant progress in its cannabis industry, marked by legal reforms and dedicated research initiatives. The National Health Surveillance Agency (ANVISA) has authorized the importation, manufacturing, and sale of cannabis-based medicines, ...
The History of Sungrown Cannabis in California
LOS ANGELES - California's connection to cannabis resembles a fabulous legend that blends the state's lush landscapes with the determination of its people. Sungrown cannabis, cultivated under the open sky and fueled by the full ...
Texas Senate Advances Legislation to Ban THC Products
LOS ANGELES- The Texas Senate has approved Senate Bill 3 (SB 3), a measure aimed at prohibiting the sale of products containing tetrahydrocannabinol (THC), the psychoactive component found in cannabis. The bill, authored by Senator ...
U.S. Cannabis Companies Face EBITDA Declines Amid Margin Pressures But Growth Expected in 2026
NEW YORK- As of April 1, 2025, most major publicly traded U.S. cannabis companies have released their financial results for the fourth quarter of 2024. An analysis by Viridian Capital Advisors reveals that eight out ...
Trump Administration Attributes D.C. Disorder to Cannabis Decriminalization
LOS ANGELES- President Donald Trump has signed an executive order titled "Making the District of Columbia Safe and Beautiful," establishing the D.C. Safe and Beautiful Task Force. This initiative aims to address public safety and ...
Florida Appeals Court Reduces Drug-Trafficking Conviction to Possession
LOS ANGELES- A Florida appeals court has overturned a drug-trafficking conviction, reducing it to a possession charge due to the inability to distinguish between illegal cannabis and legal hemp. The Second District Court of Appeal ...
Psilocybin Law Reforms Gain Momentum Across the United States
LOS ANGELES- Efforts to reform psilocybin laws are accelerating nationwide, with several states making significant strides toward decriminalization or legalization of the psychoactive compound found in "magic mushrooms." In Colorado, voters approved Proposition 122 in ...
HYTN Innovations Secures Cannabis Supply Agreements for German Market
LOS ANGELES- HYTN Innovations Inc., a pharmaceutical company specializing in cannabis-derived products, has entered into strategic supply agreements and completed vendor qualifications with two cannabis cultivators, securing a minimum of 4,000 kilograms of cannabis for ...
MediPharm Labs Reports 27% Annual Revenue Growth
LOS ANGELES- MediPharm Labs Corp., a pharmaceutical company specializing in precision-based cannabinoids, has announced a 27% increase in annual net revenue for 2024, reaching $42 million. This growth is primarily attributed to a significant rise ...
New Hampshire Governor Maintains Opposition to Cannabis Legalization
LOS ANGELES- New Hampshire Governor Chris Sununu continues to oppose the legalization of recreational cannabis, even as the state's House of Representatives advances related legislation. In February 2025, the House passed House Bill 360, which ...
