Legal Affairs
Canopy Growth Completes Acquisition of MTL Cannabis
SMITHS FALLS – Canopy Growth Corp. has finalized the purchase of MTL Cannabis Corp. solidifying its position as the largest medical Cannabis company in Canada by revenue bolstered by added cultivation assets and patient channels. ...
Virginia Moves Toward Adult-Use Cannabis Sales While U.S. Policy Remains Uneven
RICHMOND- Virginia may finally close one of the most unusual gaps in U.S. Cannabis policy. Lawmakers in the Virginia General Assembly have approved legislation to establish a regulated adult-use Cannabis retail market and sent the ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – The Cannabis and Psychedelics sectors delivered clear signals of financial stability, policy refinement, consumer-driven changes, and therapeutic expansion. State-level sales held firm in key markets, major MSOs shared Q4 and FY 2025 ...
Malta Raises Stock Limits for Cannabis Associations
VALLETTA – Maltese regulators have raised the amounts of Cannabis that non-profit associations can keep on hand, responding to supply challenges faced by the country's Cannabis clubs. The updates, introduced through a legal notice, replace ...
California Cannabis Awards 2026 Opens Submission Window for Its Fifth Edition
SACRAMENTO – Organizers of the California Cannabis Awards have announced they are accepting entries for the 2026 competition. This will be the 5th edition of the state-sanctioned program that recognizes quality across licensed Cannabis products, ...
Prohibition Partners Released Poland Medical Cannabis Market Review
WARSAW – Prohibition Partners has published its Poland Medical Cannabis Market Review 2026, a detailed examination of pharmacy-level sales data through the full year 2025 along with projections for 2026 and 2027. The report, prepared ...
Opinion: The Hemp Industry Has Finally Split Into Two Lanes
LOS ANGELES- The word “hemp” can mean five different things depending on who is talking, that era is finally ending. The industry didn’t get simpler, federal policy is forcing it to. It’s something I have ...
Canopy Growth Completes Acquisition of MTL Cannabis
SMITHS FALLS – Canopy Growth Corp. has finalized the purchase of MTL Cannabis Corp. solidifying its position as the largest medical Cannabis company in Canada by revenue bolstered by added cultivation assets and patient channels. ...
Virginia Moves Toward Adult-Use Cannabis Sales While U.S. Policy Remains Uneven
RICHMOND- Virginia may finally close one of the most unusual gaps in U.S. Cannabis policy. Lawmakers in the Virginia General Assembly have approved legislation to establish a regulated adult-use Cannabis retail market and sent the ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – The Cannabis and Psychedelics sectors delivered clear signals of financial stability, policy refinement, consumer-driven changes, and therapeutic expansion. State-level sales held firm in key markets, major MSOs shared Q4 and FY 2025 ...
Willow Biosciences Reports Q3 2024
LOS ANGELES- Willow Biosciences Inc., a biotechnology firm specializing in the industrial production of functional ingredients, has reported its financial results for the third quarter of 2024. The company achieved record revenue of $1.7 million ...
UK Explores Raising THC Limits for Industrial Hemp to Boost Farming Prospects
LOS ANGELES- The United Kingdom is evaluating a proposal to increase the permissible tetrahydrocannabinol (THC) content in industrial hemp from 0.2% to 0.3%, aligning with standards in the European Union and the United States. This ...
FDA Approves Cannabis Trial for Treating PTSD in Veterans
LOS ANGELES- The U.S. Food and Drug Administration (FDA) has approved a clinical trial investigating the use of smoked cannabis as a treatment for post-traumatic stress disorder (PTSD) in military veterans. The study, led by ...
Cannabis History: William Brooke O’Shaughnessy: The Irish Cannabis Pioneer Who Changed Medicine Forever
In the history of medical advancements, a few figures stand out as transformative pioneers. Among them, William Brooke O’Shaughnessy is celebrated for introducing cannabis into modern medicine, setting the stage for today’s understanding and use ...
French Parkinson’s Patients Indicate Strong Support for Medical Cannabis and CBD Use
LOS ANGELES- A recent study published in Clinical Parkinsonism & Related Disorders reveals that a significant majority of individuals in France diagnosed with Parkinson's disease (PD) are in favor of utilizing medical cannabis and cannabidiol ...
Distru Secures $6 Million Series A to Expand Cannabis ERP Leadership
LOS ANGELES- Distru, a enterprise resource planning (ERP) platform serving the cannabis industry, has successfully secured $6 million in a Series A funding round led by Poseidon Investment Management. This strategic investment aims to bolster ...
DEA Schedules Cannabis Rescheduling Hearings for Early 2025
LOS ANGELES- The Drug Enforcement Administration (DEA) has outlined a schedule for witness testimony in the ongoing hearing concerning the potential reclassification of cannabis under the Controlled Substances Act. Chief Administrative Law Judge John Mulrooney ...
Week’s In Review: Ohio Legislature Considers Ban on Intoxicating Hemp Products; Florida’s Cannabis Legalization Measure Fails Despite Majority Support; Climate First Bank Introduces Cannabis-Focused Financial Services in Florida; DEA Postpones Cannabis Rescheduling Hearings to 2025
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 ...
Curaleaf Secures Massachusetts’ First Cannabis Research License
LOS ANGELES- In a significant development for the cannabis industry, Curaleaf Holdings, Inc., a leading multistate operator, has secured Massachusetts' inaugural cannabis research facility license. The Massachusetts Cannabis Control Commission (CCC) unanimously approved the license ...
Cybin Reports 79% Remission in MDD with CYB003, Prepares for Phase 3 Trials
LOS ANGELES- Cybin Inc., has announced promising results from its Phase 2 study of CYB003, a proprietary deuterated psilocybin analog developed for the treatment of major depressive disorder (MDD). The study demonstrated that 79% of ...
Blunt Brunch Nationals: A Night of Glitz and Glam Celebrates Women in Cannabis
Las Vegas, NV – Blunt Brunch, a leading women’s empowerment organization in cannabis, is elevating its annual event to dazzling new heights. This year’s Blunt Brunch Nationals transforms from a traditional brunch into an elegant ...
GOP Senator Calls for Comprehensive Cannabis Reform, Criticizes Partial Measures
LOS ANGELES- In recent discussions on federal cannabis policy, several Republican senators have expressed diverse viewpoints regarding the regulation and legalization of cannabis. Senator Thom Tillis (R-NC) has advocated for treating cannabis similarly to tobacco, ...
Illinois Establishes Cannabis Research Institute to Advance Industry Understanding
LOS ANGELES- The State of Illinois, in collaboration with the City of Chicago, has inaugurated the Cannabis Research Institute (CRI), a joint initiative between the University of Illinois and the Discovery Partners Institute (DPI). This ...
GetTangi Corporation Eyes Regulatory Opportunities in Cryptocurrency Under Trump Administration
LOS ANGELES- In the aftermath of Donald Trump’s re-election to the White House, Ronald Strauss, CEO of GetTangi Corporation, a company integrating cryptocurrency with legal cannabis transactions, expressed a measured outlook on the potential regulatory ...
Robert F. Kennedy Jr. Nominated to Lead HHS, Poised to Drive Drug Policy Reforms
LOS ANGELES- President-elect Donald Trump has nominated Robert F. Kennedy Jr. to lead the U.S. Department of Health and Human Services (HHS), positioning him to influence significant drug policy reforms, including the promotion of psychedelics ...
What U.S. Employers Need to Know About Evolving Cannabis and Psychedelics Policies
LOS ANGELES- The November 5, 2024, elections have brought significant changes to state-level drug laws, requiring employers to reevaluate workplace policies, especially around cannabis and psychedelics. Key developments in Nebraska, Florida, North Dakota, South Dakota, ...
Trump’s Attorney General Pick Raises Hope for Cannabis Policy Reform
LOS ANGELES- President-elect Donald Trump has nominated Florida Representative Matt Gaetz as the next U.S. Attorney General, a move that could significantly influence federal cannabis policy. Gaetz, a vocal advocate for cannabis reform, has previously ...
Amethyst Health Secures Conditional Medical Cannabis License in New York
LOS ANGELES- a partnership between Black Star Wellness, LLC, and AYR Wellness Inc, has been conditionally awarded a vertically integrated medical cannabis license by the New York Cannabis Control Board. This license grants the right ...
Psilocybin Shows Potential for OCD and Tourette’s Treatment, Study Finds
LOS ANGELES- A new study published in Molecular Psychiatry has identified psilocybin, a psychedelic compound, as a promising candidate for the treatment of obsessive-compulsive disorder (OCD) and Tourette's syndrome. Conducted by researchers at the Hadassah-Hebrew ...
AFC Gamma (AFCG) Set to Announce Quarterly Earnings
LOS ANGELES- AFC Gamma, Inc. is scheduled to release its quarterly earnings report on Wednesday, November 13, 2024, before the market opens.Analysts anticipate earnings of $0.33 per share for the quarter. In the previous quarter, ...
California’s Cannabis Excise Tax Set to Increase Amid Industry Concerns
LOS ANGELES- California's legal cannabis industry faces a significant fiscal challenge as the state's excise tax on cannabis products is scheduled to rise from 15% to 19% on July 1, 2025. This increase stems from ...
Italy’s Proposed Ban on Hemp Flower Sales Raises Industry Concerns
LOS ANGELES- Italy's "cannabis light" sector, which has experienced significant growth since the legalization of hemp in 2016, faces potential disruption due to proposed legislation aimed at banning products derived from hemp flowers. Prime Minister ...
Tech Pioneer James Clark Revives Eaze with $10M Investment
LOS ANGELES- James Clark, a tech industry veteran known for transformative ventures like Netscape, has turned his attention to the cannabis sector with a bold acquisition. In August, his firm FoundersJT LLC purchased the assets ...
Ireland’s Fianna Fáil Clarifies Stance on Drug Decriminalization: Focus on Cannabis, Excludes Hard Drugs
LOS ANGELES- Fianna Fáil has clarified its stance on drug decriminalization, specifying that its proposal to decriminalize possession for personal use applies exclusively to cannabis and excludes substances such as cocaine and heroin. This clarification ...
Idaho Activists File Cannabis Decriminalization Measure for 2026 Ballot
LOS ANGELES- In a strategic move following the rejection of cannabis legalization measures in three states during the 2024 general election, Idaho advocacy group Kind Idaho has submitted a ballot initiative aimed at decriminalizing personal ...
