Legal Affairs
Psychedelic Alpha Released Q1 2026 Psychedelic Drug Development Bullseye Charts
LOS ANGELES – Psychedelic Alpha, the data-focused research and analysis group that monitors the psychedelics sector, published its latest Bullseye Charts showing the state of drug development programs as of the first quarter of 2026. ...
Opinion: The Timing Has Never Been Better for Industrial Hemp
LOS ANGELES- A few years ago, ‘sustainable’ was a buzzword. Using the word ‘sustainable’ in marketing messages was a clever way for a company or brand appear to be living in the now, without having ...
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 ...
UCLA Partners with Terpene Belt Farms to Research Cannabis Flavors
LOS ANGELES – Terpene Belt Farms, a subsidiary of Nexus Agriscience, has been selected as the industry partner in a University of California-led research funded by a $1.23 million grant from the California Department of ...
Virgin Islands Sets Fall 2026 Target for Legal Cannabis Retail Launch
CHARLOTTE AMALIE – The U.S. Virgin Islands Office of Cannabis Regulation has accelerated its timeline for the start of licensed Cannabis sales, with executive director Joanne Moorhead stating that regulated retail operations are now expected ...
Florida Cannabis Legalization Initiative Fails to Qualify for 2026 Ballot
LOS ANGELES – Florida Secretary of State Cord Byrd announced that the Smart & Safe Florida campaign failed to submit the required number of valid signatures to qualify its proposed constitutional amendment for the ballot. ...
Psychedelic Pharmacists Foundation Launches to Advance Education and Research
PORTLAND – The Psychedelic Pharmacists Association (PPA) has launched the Psychedelic Pharmacists Foundation (PPF), a new nonprofit entity focused on education, research, and public awareness of responsible psychedelic medicine integration. The PPF will operate as ...
Psychedelic Alpha Released Q1 2026 Psychedelic Drug Development Bullseye Charts
LOS ANGELES – Psychedelic Alpha, the data-focused research and analysis group that monitors the psychedelics sector, published its latest Bullseye Charts showing the state of drug development programs as of the first quarter of 2026. ...
Opinion: The Timing Has Never Been Better for Industrial Hemp
LOS ANGELES- A few years ago, ‘sustainable’ was a buzzword. Using the word ‘sustainable’ in marketing messages was a clever way for a company or brand appear to be living in the now, without having ...
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 ...
Florida Governor Vetoes Hemp Regulations Package
NEW YORK- Florida Governor Ron DeSantis vetoed a legislative package aimed at banning products containing hemp-derived delta-8 THC and other intoxicating cannabinoids, according to CBS News. The vetoed legislation, Senate Bill 1698, sought to regulate ...
Michigan Surpasses California in Legal Cannabis Sales
LOS ANGELES- In an unexpected development within the cannabis industry, Michigan has overtaken California in the number of legal cannabis products sold. This shift, initially reported by SF Gate, marks a significant change in market ...
THCA Hemp Flower Prices Maintain Parity with Cannabis in Several States
LOS ANGELES- A new report by Hemp Benchmarks, shared with Green Market Report, indicates that wholesale prices for THCA hemp flower have maintained parity with cannabis in several regulated adult-use state markets, positioning it as ...
Michigan Surpasses California in Monthly Cannabis Sales for First Time
LOS ANGELES- Michigan sold more cannabis products in March this year than any other state, surpassing California for the first time in monthly sales, according to BDSA data outlined in an SF Gate report. Michigan ...
Rhode Island Launches Free Cannabis Industry Training Program
LOS ANGELES- The Rhode Island Department of Labor, in collaboration with the Community College of Rhode Island (CCRI), will offer a free cannabis training program to a select group of students. This initiative aims to ...
California Reinvests Cannabis Tax Revenue to Support Communities
LOS ANGELES- The California Community Reinvestment Grants (CalCRG) Program has announced over $45 million in grants for Fiscal Year 2023-24, aiming to uplift communities impacted by the War on Drugs. This initiative represents a significant ...
South Dakota Adult-Use Cannabis Initiative to Appear on 2024 Ballot
NEW YORK- South Dakota voters will have another opportunity to decide on the legalization of adult-use cannabis. Initiated Measure 29, which aims to legalize the recreational use, possession, and distribution of cannabis, will be on ...
Canopy Growth to Fully Acquire Acreage Holdings in Strategic Expansion
LOS ANGELES- Canadian cannabis company Canopy Growth has agreed to acquire all issued and outstanding Class E shares of Acreage Holdings, a U.S.-based multistate cannabis operator. This acquisition is part of Canopy's broader strategy to ...
Vermont Medical Cannabis Patient Appeals Denial of Unemployment Benefits to State Supreme Court
LOS ANGELES- A Vermont man is appealing the denial of a portion of his unemployment benefits to the state Supreme Court after being terminated from his job for using medical cannabis. Ivo Skoric, 59, who ...
House Approves Amendments to Authorize Medical Cannabis Recommendations for Veterans and Support Psychedelics Research
LOS ANGELES- The U.S. House of Representatives has approved amendments to a significant spending bill, enabling Department of Veterans Affairs (VA) doctors to issue medical cannabis recommendations to military veterans and support research into psychedelics. ...
DEA Proposal to Reclassify Cannabis Generates Strong Public Response
LOS ANGELES- Following the submission of a proposal by the Drug Enforcement Administration (DEA) on May 21, a 60-day public comment period was initiated, set to conclude on July 22. In the first 15 days, ...
Beckley Psytech Launches Study on Neurophysiological Effects of Synthetic 5-MeO-DMT
LOS ANGELES- Beckley Psytech, a private psychedelics medicine company, announced on Monday the commencement of a new research study investigating the neurophysiological effects of BPL-003, its novel synthetic intranasal formulation of 5-MeO-DMT, on the human ...
CannMed24 Event Review: 12 Things You Missed at CannMed 24
NEW YORK-CannMed 24 has set a new benchmark in the cannabis industry, offering unparalleled insights, networking opportunities, and a unique experience. Here are a dozen highlights certain to stir up a whole bunch of FOMO ...
Filament Health Receives Authorization for Phase 2 Clinical Trial of Psilocybin for MAUD Treatment
LOS ANGELES- Filament Health, a psychedelic drug development company, has received authorization from Health Canada and the United States Food and Drug Administration (FDA) to conduct a Phase 2 clinical trial of its botanical psilocybin ...
Japan to Accept Public Comments on Cannabis Reform Bill
WORLD- The Japanese government announced on May 30 that it will begin accepting public comments on its cannabis reform bill, which includes potential measures to loosen restrictions on processing CBD in food products. This move ...
Few Pardons Issued for Cannabis Crimes in Canada Since 2019 Reforms
LOS ANGELES- Despite the federal government’s estimate that 10,000 Canadians would be eligible for conviction relief following the legalization of cannabis in 2018, only 845 pardons have been granted since 2019. Data from the Parole ...
South Africa Legalizes Cannabis for Personal Use
LOS ANGELES- South Africa has become the first country in Africa to legalize cannabis for personal use. The Cannabis for Private Purposes Act was signed into law by President Cyril Ramaphosa on May 28, just ...
Red Light Holland Completes Initial Phase of Psilocybin Extraction
LOS ANGELES- Red Light Holland Corp. a company specializing in the production and sale of functional mushrooms and psilocybin truffles, announced the successful completion of the first phase of psilocybin extraction. This milestone was achieved ...
Optimi Health to Export MDMA and Psilocybin Capsules to Australia
LOS ANGELES- a Health Canada licensed GMP psychedelics pharmaceutical manufacturer, announced it has received an import permit from Mind Medicine Australia (MMA) to supply its GMP MDMA and psilocybin capsules to approved psychiatrists under Australia’s ...
DeSantis Expected to Veto Hemp Bill Limiting THC Levels
LOS ANGELES- Florida Governor Ron DeSantis is anticipated to veto Senate Bill 1698, which aims to restrict the sale of hemp-derived products containing delta-8 THC, delta-9 THC, and delta-10 THC. The bill has faced significant ...
FDA Advisory Panel to Review MDMA for PTSD Treatment
LOS ANGELES- Earlier today, staff from the U.S. Food and Drug Administration (FDA) expressed concerns regarding the interpretation of data from trials on the psychedelic drug MDMA for treating post-traumatic stress disorder (PTSD). These concerns ...
10th Annual CWCBExpo Returns to New York, June 5 & 6 with Expanded Show Experiences, Education, and Networking Opportunities
NEW YORK—The leading East Coast cannabis conference and trade show, CWCBExpo, returns to the Javits Convention Center, June 5-6, 2024 with immersive exhibit floor experiences, top education as well as plenty of business building opportunities ...
Cansortium and RIV Capital to Merge, Expanding Cannabis Footprint Across Four States
LOS ANGELES- Cansortium, a Florida-based vertically integrated cannabis operator, is set to merge with RIV Capital, operator of the Etain Health cannabis brand in New York. Under the merger terms, Cansortium will acquire all issued ...
Missouri Allocates $19 Million in Cannabis Tax Revenue to Veterans, Treatment Programs, and Public Defense
LOS ANGELES- Missouri's cannabis tax revenue has generated over $19 million, which has been allocated to support military veterans, expand substance use treatment programs, and fund the state's Public Defenders System, according to the Missouri ...
Numinus Wellness Inc. Selected for Cybin’s Phase 3 Trial on Depression Treatment
NEW YORK- Numinus Wellness Inc. announced that its research site, Cedar Clinical Research (CCR), has been chosen for Cybin's Phase 3 clinical trial of CYB003, aimed at treating Major Depressive Disorder (MDD). This selection highlights ...
