Legal Affairs
Glass House Brands Applies for NYSE Uplisting
LONG BEACH – Glass House Brands Inc., a vertically integrated Cannabis company concentrated in California, announced it has applied to list its subordinate voting shares on the New York Stock Exchange. The filing is among ...
Virginia Governor and Lawmakers Announce Agreement on Legal Cannabis Sales
RICHMOND – Governor Abigail Spanberger, State Senator Lashrecse Aird (D), and Delegate Paul Krizek (D), announced they had reached a compromise to establish a legal, regulated retail cannabis market. This marks the culmination of a ...
Splash Beverage Group Completes Strategic Investment in Avicanna, Transforms into Cannabinoid Healthcare
FORT LAUDERDALE – Splash Beverage Group Inc. announced the completion of a CDN$300,000 (~USD$217,479) minority investment in Avicanna Inc., a commercial-stage international biopharmaceutical company headquartered in Toronto, Canada. The transaction involved Splash acquiring 2,000,000 common ...
Planet 13 Reports Q1 2026 Financial Results
LAS VEGAS – Planet 13 Holdings Inc. released its first-quarter 2026 financials, reflecting the effects of substantial operational changes and declines in top-line figures, yet showcasing margin gains and cost controls as indications of progress ...
MariMed Reports Q1 2026 Financial Results
NORWOOD – MariMed Inc. turned in another quarter of measured progress in a tough Cannabis market. The company, with operations spanning cultivation, production, and retail facilities across multiple states, has reported year-over-year revenue growth and ...
Grown Rogue Reports Q1 2026 Financial Results
MEDFORD – Grown Rogue International Inc. delivered solid top-line gains in the opening months of 2026, underscoring its push into select markets while managing pressures in more established ones. The company, known for its focus ...
Jushi Reports Q1 2026 Financial Results
BOCA RATON – Jushi Holdings Inc. delivered a quarter of steady operational progress while facing ongoing industry pressures. The multi-state operator recorded year-on-year improvements in revenue and profitability metrics, and completed a significant refinancing of ...
Glass House Brands Applies for NYSE Uplisting
LONG BEACH – Glass House Brands Inc., a vertically integrated Cannabis company concentrated in California, announced it has applied to list its subordinate voting shares on the New York Stock Exchange. The filing is among ...
Virginia Governor and Lawmakers Announce Agreement on Legal Cannabis Sales
RICHMOND – Governor Abigail Spanberger, State Senator Lashrecse Aird (D), and Delegate Paul Krizek (D), announced they had reached a compromise to establish a legal, regulated retail cannabis market. This marks the culmination of a ...
Splash Beverage Group Completes Strategic Investment in Avicanna, Transforms into Cannabinoid Healthcare
FORT LAUDERDALE – Splash Beverage Group Inc. announced the completion of a CDN$300,000 (~USD$217,479) minority investment in Avicanna Inc., a commercial-stage international biopharmaceutical company headquartered in Toronto, Canada. The transaction involved Splash acquiring 2,000,000 common ...
Award-Winning Cannabis Farm Tikun Olam’s Secret to Exceptional Cannabis Yields
LOS ANGELES — An international award-winning cannabis company backed by 15 years of clinical research, Tikun Olam, knows a thing or two about growing world-class crops. They also know that optimizing their facility protocols can ...
Experts Advocate for Rescheduling Psilocybin to Unlock Mental Health and Economic Benefits
LOS ANGELES- A group of academics from The University of Manchester, supported by Policy@Manchester, has submitted evidence advocating for the rescheduling of psilocybin under the UK's drug laws. The submission, authored by Professor Jo Neill, ...
Planet 13 Reports Q2 2024 Revenue Growth
LOS ANGELES- Planet 13 Holdings Inc. a vertically integrated multistate cannabis operator, announced its financial results for the second quarter of 2024, highlighting robust revenue growth driven by strategic acquisitions and expanding operations. For the ...
AFC Gamma Reports Q2 2024 Earnings with Transition to Pure-Play Cannabis Lender
LOS ANGELES- AFC Gamma, Inc. a Florida-based commercial focused on the cannabis sector, reported solid financial results for the second quarter of 2024, reflecting its strategic shift to become a pure-play cannabis lender. The company ...
Harris-Walz Ticket First to Support Federal Cannabis Legalization
LOS ANGELES- Vice President Kamala Harris and Governor Tim Walz have made history by becoming the first major party presidential ticket to endorse the federal legalization of cannabis. This move aligns with the growing national ...
Growlink Secures $2 Million Seed Funding to Enhance AI Capabilities and Integration Platform
LOS ANGELES- Growlink, a provider of advanced Internet of Things (IoT) controllers, sensors, and cultivation software for controlled environment agriculture, has closed a $2 million seed financing round led by Casa Verde Capital. The funding ...
Advanced Nutrients Honored with International Cannabis Award for Best Fertilizer USA 2024
LOS ANGELES — Advanced Nutrients continues to lead the cannabis cultivation market, garnering the International Cannabis Award for Best Fertilizer USA 2024. This recognition underscores the company's longstanding commitment to innovation and excellence in cannabis ...
Cresco Labs Reports Q2 2024 Financial Results
LOS ANGELES- Cresco Labs Inc. has released its financial results for the second quarter of 2024, showcasing significant improvements in profitability and maintaining strong market positions across several states. Key highlights from the report include: ...
Missouri Division of Cannabis Regulation Recalls Over 2,600 Products for Inadequate Testing
LOS ANGELES- The Missouri Division of Cannabis Regulation (DCR) announced a recall on Tuesday for 2,649 cannabis products sold by NGWMO, LLC to dispensary facilities. The recall was issued because the products did not undergo ...
Aurora Cannabis Reports Q1 Fiscal 2025 Financial Results
LOS ANGELES- Aurora Cannabis has announced its financial results for the first quarter of fiscal 2025, ending June 30, 2024. The company reported positive free cash flow, increased revenue, and substantial growth in its global ...
DEA’s Proposed Rescheduling of Cannabis Sparks Public Response
LOS ANGELES- The Drug Enforcement Administration (DEA) has proposed rescheduling cannabis under federal drug law, moving it from Schedule I to Schedule III. This shift reflects changing perceptions about cannabis, which is currently classified alongside ...
Trulieve Reports Q2 2024 Financial Results
LOS ANGELES- Trulieve announced its financial results for the second quarter ending June 30, 2024. The results, reported in U.S. dollars and following U.S. Generally Accepted Accounting Principles (GAAP), reflect continued growth and operational expansion. ...
NYC Crackdown on Illegal Cannabis Shops Shutters 3,000, Creating Opportunities for Legal Retailers
LOS ANGELES- New York City has intensified its efforts to close nearly 3,000 unlicensed cannabis dispensaries, a move that could provide a boost for legal retailers struggling with high rents and intense competition. Since the ...
The Battle Over Recreational Cannabis Legalization Heats Up
LOS ANGELES- The debate around legalizing recreational cannabis continues to draw support and opposition from various societal factions. Central to this contentious issue is a push to amend state laws to allow adults aged 21 ...
Missouri Governor Signs Executive Order to Ban Intoxicating Hemp Product Sales
LOS ANGELES- Missouri Governor Mike Parson has signed an executive order banning the sale of intoxicating, hemp-derived products in the state, effective September 1. The order prohibits the sale of hemp-derived products containing delta-8 and ...
NEWS: Ohio Dispensaries Set to Begin Recreational Cannabis Sales
CLEVELAND- Starting Tuesday, Ohioans aged 21 and over will have the opportunity to purchase recreational cannabis without needing a medical card. This marks a significant change in the state's cannabis regulations. The Ohio Department of ...
Government Survey Data Shows Nearly 20 Percent Decline in Teen Cannabis Use Over Past Decade
LOS ANGELES- Government survey data released today by the US Department of Health and Human Services confirms that state-specific cannabis legalization laws have not negatively impacted teen cannabis use rates. The latest National Survey on ...
Ohio to Launch Recreational Cannabis Sales
LOS ANGELES- Ohio will commence recreational cannabis sales early next week, possibly as soon as Tuesday, August 6, following the issuance of the first necessary licenses on Monday. Jamie Crawford, Public Information Officer for Ohio’s ...
MindBio Reports Sustained Antidepressant Effects from Microdosing LSD in Phase 2A Depression Trials
LOS ANGELES- MindBio Therapeutics Corp. a Vancouver-based biopharmaceutical company, has announced promising durability data from its Phase 2A clinical trials testing MB22001, a proprietary microdosed LSD treatment for depression. The study, which involved self-administered, take-home ...
Ascend Wellness Stock Rises Amid Major Debt Refinancing Deal
LOS ANGELES- Ascend Wellness Holdings, Inc. saw its stock price increase by 2.9% on Friday, trading as high as $1.07 before closing at the same price. This trading activity represented a 301% increase in volume, ...
Tilray Expands Medical Cannabis Portfolio in Portugal
LOS ANGELES- Tilray Brands, Inc. has announced a new achievement in its European medical cannabis operations. The company received approval for its new product, Tilray Solução Oral THC10, in Portugal. This follows earlier approvals for ...
Philippine Lawmakers Push for Medical Cannabis Legalization
LOS ANGELES- The Philippines is making another attempt to legalize medical cannabis, with the House of Representatives approving a new bill on Tuesday. The measure, passed by a vote of 177-9, seeks to establish a ...
COMPASS Pathways Evaluates Prospects Despite Earnings Miss
LOS ANGELES- COMPASS Pathways reported a quarterly loss of $0.55 per share on May 8th, missing analysts' expectations of a $0.52 loss. The company is forecasted to post a loss of $2 per share for ...
Curaleaf Earnings Estimates Lowered
LOS ANGELES- Analysts at Atb Cap Markets have revised their Q2 2024 earnings estimates for Curaleaf Holdings, Inc. now forecasting a loss of $0.04 per share, down from a previous estimate of $0.03 per share. ...
Trulieve Contributes $5 Million to Florida Recreational Cannabis Campaign
LOS ANGELES- Trulieve, a medical cannabis company, has contributed an additional $5 million to support the campaign for legalizing recreational cannabis in Florida. This donation, made on July 15th, was directed to the Smart & ...
