Legal Affairs
Kentucky House Approves Unified Regulations for Alcohol and THC-Infused Products
FRANKFORT – The Kentucky House of Representatives has approved House Bill 9, a comprehensive measure that overhauls the state's taxation and regulatory framework for alcohol, Cannabis-infused beverages, hemp-derived products, and related intoxicating substances. The bill ...
Minnesota House Panel Passes Bill for Psilocybin Therapy Pilot
SAINT PAUL – A Minnesota House committee has cleared a measure to set up a limited program for psilocybin-assisted therapy, marking a significant step toward regulated access for adults facing certain mental health issues. Yesterday, ...
Vapes Outsell Flower in California Cannabis as Gen Z Drives Change, Again
SAN FRANCISCO – Vape pens have overtaken traditional flower as the top-selling Cannabis format in California for the first time, with Generation Z consumers leading the decisive shift. Once again, their preferences have reshaped spending ...
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has appeared on social platforms lately, flooding threads with posts on scromiting, schizophrenia, psychosis risks, outdated research, recycled study headlines, and new ballot proposals surfacing in ...
CMS Finalizes Rule for Medicare CBD Coverage Pilot
WASHINGTON – The Centers for Medicare & Medicaid Services (CMS) has finalized regulations enabling a pilot program for federal health insurance coverage of hemp-derived CBD products, according to a recent statement from an executive at ...
Missouri Cannabis Sales Hit Record $1.5B in 2025
JEFFERSON CITY – Missouri's regulated Cannabis market posted its strongest year yet in 2025, with retailers recording approximately $1.5 billion in total sales, according to figures from the Missouri Department of Health and Senior Services. ...
New Hampshire House Advances Bill to Regulate Medical Psilocybin Use
CONCORD – The New Hampshire House of Representatives has given initial approval to a bipartisan measure that would establish a state program allowing supervised therapeutic access to psilocybin for qualifying medical conditions. House Bill 1809, ...
Kentucky House Approves Unified Regulations for Alcohol and THC-Infused Products
FRANKFORT – The Kentucky House of Representatives has approved House Bill 9, a comprehensive measure that overhauls the state's taxation and regulatory framework for alcohol, Cannabis-infused beverages, hemp-derived products, and related intoxicating substances. The bill ...
Minnesota House Panel Passes Bill for Psilocybin Therapy Pilot
SAINT PAUL – A Minnesota House committee has cleared a measure to set up a limited program for psilocybin-assisted therapy, marking a significant step toward regulated access for adults facing certain mental health issues. Yesterday, ...
Vapes Outsell Flower in California Cannabis as Gen Z Drives Change, Again
SAN FRANCISCO – Vape pens have overtaken traditional flower as the top-selling Cannabis format in California for the first time, with Generation Z consumers leading the decisive shift. Once again, their preferences have reshaped spending ...
California Intensifies Crackdown on Illegal Pesticide Use in Hemp Industry
LOS ANGELES- California regulators have intensified efforts to address illegal pesticide use in the hemp industry, underscored by a recent case involving Northern California hemp grower Bin Zheng. The California Department of Pesticide Regulation (DPR) ...
Trump Weighs In on Florida Cannabis Legalization Ballot Measure
LOS ANGELES- Former President Donald Trump recently shared his thoughts on Florida's Amendment 3, a ballot measure that would legalize cannabis for adults 21 and over. In a post on Truth Social, Trump signaled tentative ...
Kentucky Receives Nearly 5,000 Applications for Medical Cannabis Business Licenses
LOS ANGELES- Kentucky officials have received 4,998 applications for medical cannabis business licenses as part of the state's newly established medical cannabis program, Gov. Andy Beshear announced. The majority of applications (4,076) were for dispensary ...
Missouri Hemp Trade Group Files Lawsuit Over Ban on Intoxicating Hemp Products
LOS ANGELES- The Missouri Hemp Trade Association has filed a lawsuit against the Department of Health and Senior Services (DHSS) challenging the state's recent ban on intoxicating hemp products. The lawsuit, filed in Cole County ...
Michigan Cannabis Prices Reach Historic Lows Amid Market Oversupply
LOS ANGELES- In July, cannabis prices in Michigan's legal market dropped to an all-time low, with the average price of an ounce of flower falling to $79.70, according to data from the Michigan Cannabis Regulatory ...
Ohio Recreational Cannabis Sales Reach Over $44 Million in First Month
LOS ANGELES- Ohio's legal cannabis market saw strong initial performance, with over $67.3 million in total sales between August 6 and August 31, according to the state's Division of Cannabis Control (DCC). Of this, $44 ...
Investment Environment and Outlook for Medical Cannabis in Ukraine
KYIV--The medical cannabis industry in Ukraine is on the cusp of transformation, fueled by recent legislative changes and a growing recognition of its potential benefits. As the country fights for its independence on the battlefields ...
Wisconsin Tribal Groups Launch Campaign to Push for Medical Cannabis Legalization
LOS ANGELES- A new campaign to legalize medical cannabis in Wisconsin has been launched by the Indigenous Cannabis Industry Association and the Wisconsin Tribal Task Force on Cannabis. The initiative, named Wisconsin Wellness, aims to ...
Alabama Judge Considers Easing Restrictions on Medical Cannabis Licensing
LOS ANGELES- A Montgomery County judge signaled Tuesday that he may consider easing some restrictions on the Alabama Medical Cannabis Commission (AMCC) to allow limited vetting of cannabis license awards, potentially advancing the state’s delayed ...
A LIFE IN A DAY: Guy Rocourt: CEO of GR Consulting and Papa & Barkley
In this edition of A LIFE IN A DAY, we catch up with Guy Rocourt, a pioneering force in the cannabis industry with more than 25 years of experience. Guy Rocourt is the Co-Founder and ...
A LIFE IN A DAY: Daniela Williams: Chief Growth Officer: Paylient
Here, in A LIFE IN A DAY, a person shares with Highly Capitalized, what life’s like for them outside their busy working week. This week’s A LIFE IN A DAY features Daniela Williams. Daniela ...
Europe’s Medical Cannabis Market Expected to Reach USD 11 Billion by 2032
LOS ANGELES- The European medical cannabis market is projected to grow significantly, with its value reaching USD 11,093.7 million by 2032, up from USD 2,167.8 million in 2023. This reflects a compound annual growth rate ...
DEA Reclassification of Cannabis Raises Regulatory Questions for States
LOS ANGELES- The U.S. Drug Enforcement Administration (DEA) has initiated steps to reclassify cannabis, potentially shifting it to a status similar to regulated medicines such as Tylenol with codeine or some steroids. This federal change ...
5th Circuit Court Rules Federal Ban on Cannabis Users Owning Guns Unconstitutional
LOS ANGELES- The 5th U.S. Circuit Court of Appeals has declared that prosecuting a cannabis user for gun ownership under federal law is unconstitutional, marking a significant ruling that challenges longstanding federal restrictions. The decision ...
Nebraska Certifies Medical Cannabis Ballot Measures for November Election
LOS ANGELES- The Nebraska Secretary of State has officially certified two ballot measures aimed at legalizing medical cannabis and establishing a regulated cannabis industry in the state. The measures, which will appear on the November ...
Cannabis Industry Reacts to Trump’s Endorsement of Florida Legalization Initiative
LOS ANGELES- Former President Donald Trump's recent endorsement of Florida's Amendment 3, which seeks to legalize recreational cannabis in the state, has sparked immediate responses from key figures in the cannabis industry. The proposed constitutional ...
DEA’s Postponement of Cannabis Rescheduling Raises Uncertainty for Industry
LOS ANGELES- The Drug Enforcement Administration (DEA) has delayed the decision to reschedule cannabis under the Controlled Substances Act (CSA) until after the 2024 presidential election, creating significant uncertainty in the ongoing cannabis reform debate. ...
Red Light Holland Reports Q1 2025
LOS ANGELES- Red Light Holland, an Ontario-based corporation specializing in the production, growth, and sale of functional mushrooms, mushroom home grow kits, and psilocybin truffles, has announced its financial and operational results for the three ...
Pakistan Enters Global Hemp Market with Plans for 2025 Cultivation
LOS ANGELES- Pakistan is set to join the global hemp market by allowing commercial cultivation of hemp beginning in January 2025. This strategic move is aimed at enhancing the country’s economy through increased foreign exchange ...
Curaleaf Reports Revenue Growth in Q2 2024
LOS ANGELES- Curaleaf Holdings, Inc. reported a net loss of $49.8 million for Q2 2024, bringing its year-to-date losses to over $100 million. Despite these losses, the company achieved a 2% increase in revenue, reaching ...
Awakn Life Sciences Advances Phase 3 Trial for Alcohol Use Disorder Treatment
LOS ANGELES- Awakn Life Sciences Corp. announced the screening of its first patient for the Phase 3 trial of AWKN-001, a new treatment targeting severe Alcohol Use Disorder (AUD). The trial, known as MORE-KARE, represents ...
The Cannabist Reports Mixed Q2 2024 Results
LOS ANGELES- The Cannabist Company Holdings Inc. (OTC: CBSTF), formerly known as Columbia Care, delivered a mixed performance for Q2 2024. The company reported $125 million in revenue, a 2% sequential increase but a drop ...
MindMed Launches $75 Million Public Offering to Fund Psychedelic Research
LOS ANGELES- Mind Medicine (MindMed) Inc. (NASDAQ: MNMD) announced a public offering aimed at raising $75 million through the sale of approximately 9.2 million shares at $7 each. The company is also offering around 1.4 ...
Ayr Wellness Reports Revenue Increase in Q2 2024
LOS ANGELES- Ayr Wellness Inc. posted a slight revenue increase for Q2 2024, reporting earnings of $117 million, a 0.5% improvement compared to the same quarter last year but a 0.6% decline from Q1 2024. ...
Verano Holdings Reports Mixed Q2 2024 Results
LOS ANGELES- Verano Holdings Corp. reported mixed financial results for Q2 2024, with revenue reaching $222 million, reflecting a 0.5% increase from the previous quarter but a 5% decline year-over-year. The revenue aligned with the ...
