Legal Affairs
Village Farms Reports Q4 and FY 2025 Financial Results
VANCOUVER – Village Farms International, Inc. released earnings demonstrating a significant operational turnaround – the result of deliberate strategies focused on enhancing production efficiencies, expanding global export channels, and optimizing product mix in its Cannabis ...
TerrAscend Reports Q4 and FY 2025 Financial Results
TORONTO – In an industry still wrestling with persistent pricing compression, TerrAscend Corp. managed to hold the line on profitability while posting modest sequential growth in its latest quarter. The company released its financial results, ...
Michigan Cannabis Sales Hit $3.17B in 2025, First Annual Decline Since Legalization
LANSING – Michigan consumers purchased $3.17 billion in recreational Cannabis products in 2025, the Cannabis Regulatory Agency (CRA) reported, marking the first year-over-year drop in total sales revenue since the state began adult-use retail operations ...
Curaleaf Completes $500M Debt Refinancing, Extends Maturity to 2029
STAMFORD – Curaleaf Holdings Inc. has finalized a $500 million private placement of 11.5% senior secured notes maturing on February 18, 2029. The company announced the closing, marking what it describes as the largest bond ...
Virginia Medical Cannabis Generated Over $15M in January
RICHMOND – Virginia's medical Cannabis market reaped $15.1 million in sales during January, according to a report published by the Virginia Cannabis Control Authority. The figure, drawn from 126,706 transactions across the state's licensed pharmaceutical ...
New Study: Medical Cannabis Linked to Measurable Sleep Improvements
NEW YORK- A newly published observational study in PLOS Mental Health adds real-world data to the ongoing discussion around Cannabis and sleep therapeutics. Researchers analyzed outcomes from 124 patients enrolled in the UK Medical Cannabis ...
Single DMT Dose Shows Promise in Cutting TRD Symptoms
NEW YORK – A single intravenous dose of the psychedelic compound dimethyltryptamine (DMT), combined with psychological support, produced rapid and sustained reductions in depressive symptoms among adults with moderate-to-severe major depressive disorder, according to results ...
Village Farms Reports Q4 and FY 2025 Financial Results
VANCOUVER – Village Farms International, Inc. released earnings demonstrating a significant operational turnaround – the result of deliberate strategies focused on enhancing production efficiencies, expanding global export channels, and optimizing product mix in its Cannabis ...
TerrAscend Reports Q4 and FY 2025 Financial Results
TORONTO – In an industry still wrestling with persistent pricing compression, TerrAscend Corp. managed to hold the line on profitability while posting modest sequential growth in its latest quarter. The company released its financial results, ...
Michigan Cannabis Sales Hit $3.17B in 2025, First Annual Decline Since Legalization
LANSING – Michigan consumers purchased $3.17 billion in recreational Cannabis products in 2025, the Cannabis Regulatory Agency (CRA) reported, marking the first year-over-year drop in total sales revenue since the state began adult-use retail operations ...
Seelos Therapeutics Delisted from Nasdaq Moves to OTC Market
LOS ANGELES- Seelos Therapeutics, a clinical-stage biopharmaceutical company, has announced its delisting from the Nasdaq stock exchange after failing to meet the minimum stockholder's equity requirement. Despite an extension until October 11, 2024, granted by ...
Mastering Employee Compliance: Navigating State-Specific Complexities in Cannabis
LOS ANGELES — Operating a cannabis business in the U.S. requires more than just understanding the industry's shifting landscape; it demands staying ahead of ever-evolving, state-specific regulations. Nowhere is this more critical than in managing ...
Psychedelics Market Sees Growth Amid Regulatory and Investment Shifts
LOS ANGELES- The psychedelics market in the U.S. is witnessing rapid expansion, driven by both regulatory advancements and increasing investor interest. The sector, valued at approximately $603.1 million in 2024, is projected to grow at ...
Mastering the Cannabis Market: 4 Key Strategies for Cultivation Success with BigMike
LOS ANGELES — The U.S. cannabis industry, projected to reach nearly $40 billion by the nearing close of 2024, presents both substantial opportunities and escalating challenges for cultivators. With rising competition, price compression, and increasing ...
ANNOUNCING: We’re ‘Stirring the Pot’ in New Classic Cannabis Debate Show Sponsored by Guy Rocourt Brand
GET READY to 'STIR THE POT': Cannabis Debates Heat Up in New Show "Stirring the Pot," Sponsored by Guy Rocourt Brand Launching October 2024, 'Stirring the Pot' Brings Together Industry Celebrities to Discuss the Hot Topics ...
Tennessee Introduces New Regulations for Hemp Product Sales
LOS ANGELES- Tennessee regulators have introduced significant new rules for the sale of hemp-derived cannabinoid (HDC) products, which are set to take full effect on December 26, 2024. These regulations, overseen by the Tennessee Department ...
Germany’s Medical Cannabis Market Set to Reach €420 Million in 2024
BERLIN- Germany's medical cannabis market is poised for substantial growth in 2024, with sales projected to surpass €420 million ($455 million), according to a report by Prohibition Partners. The country, which has led Europe in ...
2024 Presidential Candidates Outline Contrasting Visions for Cannabis and Psychedelics Reform
LOS ANGELES- The 2024 presidential election is showcasing a diverse range of positions on cannabis and psychedelics reform, reflecting the evolving landscape of U.S. drug policy. Prominent candidates across both parties have taken varying stances, ...
Massachusetts Voters Divided Over Psychedelics Legalization Ahead of 2024 Ballot
LOS ANGELES- Massachusetts voters are set to decide on Question 4 in the upcoming November 5 ballot, which proposes the legalization and regulation of certain psychedelic substances for therapeutic and personal use. If approved, Massachusetts ...
The Normalization of Cannabis: Insights from California’s Consumption Lounges
LOS ANGELES — Cannabis has come a long way from its stigmatized past, with consumption lounges playing a pivotal role in normalizing its use. In California, legalization of these lounges is reshaping how consumers interact ...
Cannabis Industry Poised for $112 Billion Impact in 2024
LOS ANGELES- The cannabis financial market has been showing signs of both growth and challenges in 2024. The U.S. cannabis industry is projected to contribute $112.4 billion to the economy by the end of the ...
Florida Chamber of Commerce Launches Campaign Against Cannabis Legalization Amendment
LOS ANGELES- The Florida Chamber of Commerce has launched an online campaign opposing Amendment 3, a ballot initiative that could legalize adult-use cannabis in the state. Through its website, flbizagainsta3.com, the Chamber aims to educate ...
New York Opens Applications for $5 Million Cannabis-Funded Community Grants Program
NEW YORK- New York State has opened applications for a $5 million Community Reinvestment Grants program, funded by cannabis tax revenue. This initiative is designed to support areas that have been disproportionately impacted by past ...
Multiple States to Vote on Key Marijuana Legalization Measures in November 2024
LOS ANGELES- The November 5, 2024 election is set to be a critical moment for cannabis law reform, with several states considering ballot initiatives that could reshape marijuana policies across the U.S. Key states include ...
California Judge Upholds Emergency Regulations Banning THC in Hemp Products
LOS ANGELES- A California judge has recently upheld emergency regulations that restrict the sale of hemp products containing any detectable levels of THC. The decision came after hemp companies challenged the state's new rules, arguing ...
Kamala Harris Pledges to Federally Legalize Cannabis
LOS ANGELES- Vice President Kamala Harris has announced a commitment to federally legalize cannabis if elected in the 2024 presidential race. Her campaign emphasizes that legalizing recreational cannabis will address systemic inequalities, particularly those affecting ...
U.S. Supreme Court to Hear Case Involving Trucker Fired Over CBD-Related THC Test
LOS ANGELES-The U.S. Supreme Court is set to hear arguments in a case involving Douglas Horn, a trucker who claims he was wrongfully fired after testing positive for THC, which he attributes to using a ...
New Hampshire Senate Blocks Cannabis Greenhouse Bill Despite Overwhelming House Support
LOS ANGELES- New Hampshire lawmakers have failed to override Governor Chris Sununu’s veto of a bill that would have allowed medical cannabis producers to cultivate cannabis in greenhouses. The House of Representatives had voted overwhelmingly, ...
Czech Senate Approves Regulation of Kratom and HHC Sales
LOS ANGELES- The Czech Senate has approved new legislation regulating the sale of kratom and hexahydrocannabinol (HHC), a move aimed at safeguarding public health, especially for minors. These changes follow a high-profile incident in January ...
Nebraska Officials Scrutinize Medical Cannabis Petition Signatures
LOS ANGELES- Nebraska state officials are questioning the validity of signatures supporting two medical cannabis ballot initiatives, sparking a legal battle over whether the measures should remain on the upcoming November ballot. Secretary of State ...
Tilray Reports 13% Decline in Cannabis Revenue for Q1 FY25
LOS ANGELES- Tilray Brands, a lifestyle and consumer packaged goods company, announced a 13% decline in its cannabis revenue for the first quarter of fiscal year 2025, ending August 31, 2024. Despite overall growth in ...
Arkansas Supreme Court Cannabis Ballot Case Advances as Two Justices Recuse Themselves
LOS ANGELES- Two Arkansas Supreme Court justices have recused themselves from a key case involving a cannabis ballot measure, without providing any explanation for their decisions. Chief Justice John Kemp and Associate Justice Courtney Hudson ...
Delaware Receives Over 1,200 Cannabis Business License Applications Ahead of Market Launch
LOS ANGELES- Delaware officials have received 1,269 applications for cannabis business licenses, significantly surpassing expectations, as the state prepares to launch its adult-use cannabis market. The Office of the Marijuana Commissioner (OMC) opened the application ...
Missouri Health Department Requests $877K to Enforce Hemp Product Ban
LOS ANGELES- The Missouri Department of Health and Senior Services (DHSS) has requested $877,000 to fund the enforcement of Gov. Mike Parson’s ban on intoxicating hemp products. The request is part of a preliminary budget ...
Opinion: The Spectacular Fall From Grace of California Cannabis
LOS ANGELES-California cannabis’ fall from grace has been nothing short of spectacular. High taxes and fees, local bans, contaminated products making it to market, and misdemeanor penalties for commercial-scale unlicensed grows have hurt the regulated ...
