Legal Affairs
Village Farms International Reports Q1 2025
LOS ANGELES- Village Farms International Inc. has announced its financial results for the first quarter of 2025, highlighting a strategic pivot towards its cannabis operations and the privatization of certain fresh produce assets. For the ...
Legalization Significantly Reduces Canada’s Illicit Cannabis Market
LOS ANGELES- Recent analyses indicate that Canada's legalization of non-medical cannabis in 2018 has substantially shifted consumer spending from illicit to legal markets. Studies report that within five years of legalization, approximately 75% of cannabis ...
New York Cannabis Policy Faces Criticism Amid Regulatory Challenges
LOS ANGELES- Boris Jordan, CEO of Curaleaf Holdings Inc., a multi-state cannabis operator, has publicly criticized New York Governor Kathy Hochul and state cannabis regulators, alleging that current policies are detrimental to established medical cannabis ...
Tilray Brands Reports Third Quarter Fiscal 2025 Financial Results
LOS ANGELES--Tilray Brands, Inc. reported net revenue of $185.8 million for the third quarter of fiscal year 2025, ending February 28. This represents a 1.4% decrease from the $188.3 million reported in the same quarter ...
Virginia General Assembly Upholds Governor’s Vetoes on Cannabis Legislation
LOS ANGELES-The Virginia General Assembly recently convened to address Governor Glenn Youngkin's vetoes and amendments on various legislative measures, including those pertaining to cannabis regulation. Despite efforts by Democratic lawmakers to overturn the vetoes, the ...
Organigram Acquires Collective Project to Enter U.S. Cannabis Beverage Market
LOS ANGELES- Organigram Global Inc. has acquired Collective Project Limited, a producer of cannabis and hemp-derived infused beverages. The acquisition involves an initial payment of approximately 6.2 million Canadian dollars (about $4.3 million), with potential ...
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 ...
Village Farms International Reports Q1 2025
LOS ANGELES- Village Farms International Inc. has announced its financial results for the first quarter of 2025, highlighting a strategic pivot towards its cannabis operations and the privatization of certain fresh produce assets. For the ...
Legalization Significantly Reduces Canada’s Illicit Cannabis Market
LOS ANGELES- Recent analyses indicate that Canada's legalization of non-medical cannabis in 2018 has substantially shifted consumer spending from illicit to legal markets. Studies report that within five years of legalization, approximately 75% of cannabis ...
New York Cannabis Policy Faces Criticism Amid Regulatory Challenges
LOS ANGELES- Boris Jordan, CEO of Curaleaf Holdings Inc., a multi-state cannabis operator, has publicly criticized New York Governor Kathy Hochul and state cannabis regulators, alleging that current policies are detrimental to established medical cannabis ...
North Carolina Appeals Court Rules on Cannabis Odor and Probable Cause in Vehicle Searches
LOS ANGELES- In a pivotal case that underscores the evolving legal landscape of cannabis laws in the United States, the North Carolina Court of Appeals has recently made a significant ruling. The case revolves around ...
Optimi Health Corp Expands Psychedelic Substance Manufacturing Capabilities with Health Canada License Amendment
LOS ANGELES- Optimi Health Corp. a Health Canada licensed entity engaged in psychedelic substance research and formulation, has achieved a significant milestone in its operational growth. The company announced on January 16, 2024, an amendment ...
New Jersey Sets Ground Rules for Cannabis Consumption Lounges
NEW YORK- The New Jersey Cannabis Regulatory Commission has recently taken a significant step in the cannabis industry by approving a set of rules for marijuana consumption lounges. This development marks a new business model ...
Minnesota Prepares for Adult-Use Cannabis Market
LOS ANGELES- In anticipation of its burgeoning adult-use cannabis market, Minnesota officials have outlined a need for at least 381 cannabis dispensaries to comply with the state's legalization law, a recent report indicates. This determination, ...
California’s Unified Cannabis Enforcement Taskforce Makes Significant Strides in Combating Illegal Cannabis
LOS ANGELES– The Unified Cannabis Enforcement Taskforce (UCETF) in California has reported a substantial achievement in its fight against illicit cannabis operations. In its first year, the taskforce seized nearly 190,000 pounds of illegal cannabis, ...
Ukraine’s Path to Medical Cannabis Industry
KYIV – Ukraine's Parliament has recently taken a groundbreaking step by approving a draft law to establish a medical cannabis industry, marking a significant shift in the nation's healthcare and economic landscape. However, industry experts predict ...
Canopy Growth Secures US$35 Million in Private Placement to Bolster Liquidity and Reduce Debt
LOS ANGELES– In a significant move to strengthen its financial standing, Canopy Growth Corporation, a entity in the cannabis industry, has announced the successful negotiation of a US$35 million private placement. The deal, formalized through ...
Ontario’s New Store Cap: A Catalyst for Cannabis Retail Market Consolidation
NEW YORK– The recent regulatory change in Ontario, allowing single companies to operate up to 150 recreational cannabis stores – a significant increase from the previous 75-store limit – is poised to reshape Canada's most ...
Ohio Governor Urges Ban on Intoxicating Hemp Products Targeting Youth
NEW YORK– In a decisive call to action, Ohio Governor Mike DeWine urged state lawmakers to ban "intoxicating hemp" products, including all delta-8 THC goods, amid concerns over their appeal to minors. This appeal comes ...
FDA Endorses Historic Shift in Cannabis Classification to Schedule III
LOS ANGELES- In a landmark development, the U.S. Food and Drug Administration (FDA) has advocated for a significant reclassification of cannabis under the Controlled Substances Act (CSA). The agency proposed that cannabis be moved from ...
Exploring Cannabinoids in the Battle Against COVID-19: A Comprehensive Review
LOS ANGELES- In the ongoing quest to understand and combat COVID-19, a recent study titled “Cannabinoids and the Endocannabinoid System in Early SARS-CoV-2 Infection and Long COVID-19,” presents intriguing possibilities offered by cannabinoids. Authored by ...
Filament Health Achieves Milestone with First Botanical Psilocybin Export to Australia
NEW YORK – Filament Health Corp. (OTCQB: FLHLF) (Cboe CA: FH) (FSE: 7QS), a trailblazer in the realm of natural psychedelic drug development, announced a significant milestone in its global expansion with the successful export of ...
DEA Proposes Increased Production Quotas for Cannabis and Psychedelics
LOS ANGELES- In a significant policy shift, the Drug Enforcement Administration (DEA) has proposed substantial increases in the production quotas for cannabis and various psychedelics for 2024. This move reflects a growing recognition of the ...
Numinus Wellness Inc. Announces First Quarter Fiscal 2024
NEW YORK – Numinus Wellness Inc. a mental health care emphasizing psychedelic-assisted therapies, has released its financial figures for the first quarter of fiscal year 2024, ending November 30, 2023. The results reveal a nuanced ...
Rhode Island Explores Psilocybin Reform with a New Legislative Proposal
NEW TORK- In a significant legislative move, Rhode Island Representative Brandon Potter (D) has introduced a bill aimed at reforming the state's approach to psilocybin, the active compound in "magic mushrooms." The bill, H 7047, ...
Michigan’s Cannabis Industry Soars, Surpassing the GDP of 51 Nations in 2023
LOS ANGELES— Michigan's cannabis industry closed 2023 on a high, establishing itself as a national leader in cannabis sales. The state's robust cannabis market sold nearly $3.06 billion worth of medical and adult-use cannabis last ...
Canadian Cannabis Market Updates: A New Regulatory Shift in Ontario’s Cannabis Retail Landscape
TORONTO- Announced on November 30 and implemented on January 1, Ontario's cannabis market witnessed a significant policy change, allowing one company to operate up to 150 recreational cannabis stores—a notable increase from the previous cap ...
Pentagon Responds to Rising Overdose Deaths with New Drug Policy Initiatives
LOS ANGELES- In an unprecedented move, the Department of Defense is set to implement a new policy in 2024 to address the escalating issue of drug overdoses within the United States military. This initiative, prompted ...
Federal Scientists Advocate for Reclassifying Cannabis to Schedule III
LOS ANGELES-In a significant shift in federal policy, scientists from the Health and Human Services (HHS) have recommended reclassifying cannabis from a Schedule I to a Schedule III substance, as revealed in recently unredacted documents. ...
Exploring Cannabinoids as a Potential Treatment Avenue for COVID-19 and Long-COVID
LOS ANGELES- In a groundbreaking development in the ongoing battle against COVID-19, a team of Canadian researchers has presented a comprehensive review that suggests a potential therapeutic role for cannabinoids. The study, entitled “Cannabinoids and ...
Belgium’s Drug Policy Reform: A Deliberate Move Toward Decriminalization Inspired by Portugal’s Model
BRUSSELS- Belgium is currently considering significant reforms in its drug policy, a move inspired by Portugal’s successful decriminalization model. Ine Van Wymersch, Belgium’s National Drug Commissioner and a former prosecutor, is advocating for the decriminalization of ...
California Cannabis Regulators Issue Health-Related Recalls on Products
LOS ANGELES- In a statement released on Wednesday, the DCC outlined the details of two separate recalls involving cannabis products. The recalls underscore ongoing regulatory vigilance in the burgeoning cannabis industry, particularly in California, a ...
New York Cannabis Control Board Approves Two More Operators for Recreational Market
NEW YORK — In a remarkably swift meeting on Friday, the New York Cannabis Control Board (CCB) made a significant decision, approving the transition of two additional multi-state operators (MSOs) from the medical to the ...
PSYC Corporation CEO Addresses Company Challenges and Future in Detailed Podcast Update
NEW YORK — PSYC Corporation , the parent company of Spotlight Media Corporation (SMC), a leader in media for emerging sectors like medicinal psychedelics, recently released a video podcast featuring CEO David Flores. The podcast, ...
Czech Republic Unveils Compromise Cannabis Regulation Draft Amid Diverse Political Views
PRAGUE— The Czech government recently released its anticipated draft regulations for cannabis cultivation and consumption on January 10, marking a significant, albeit tentative, step in cannabis policy reform. This draft, described as a "compromise version" ...
