Legal Affairs
Definium Doses First Patient in Second Phase 3 LSD-Based Trial
NEW YORK – Definium Therapeutics Inc. has taken another step forward in its late-stage testing of a psychedelic-derived treatment for major depressive disorder. The company announced that the first participant received a dose in the ...
Glass House Brands Reports Q1 2026 Financial Results
LONG BEACH – Glass House Brands Inc. released its first-quarter earnings for 2026, showing revenue slightly ahead of internal expectations but down from the year-ago period, with profitability pressured by higher costs and soft wholesale ...
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 ...
Week in Review: Cannabis & Psychedelics Industry Highlights
The last fortnight delivered sustained progress across the U.S. Cannabis sector and meaningful steps forward in Psychedelics, showcasing the tangible outcomes that stem from a balance of ambition and discipline. State programs posted solid numbers, ...
Two in Three Americans Support Legal Home Cannabis Cultivation, The Harris Poll Finds
LOS ANGELES – A new national survey shows that a clear majority of U.S. adults support the right to grow Cannabis at home, even as many Cannabis users express concerns about pesticides in store-bought products. ...
9th Circuit Orders U.S. Government to Pay Over $2M to Ayahuasca Church
PHOENIX – The Ninth U.S. Circuit Court of Appeals has ruled that the federal government must reimburse the Church of the Eagle and the Condor and its members more than $2 million in attorney fees ...
Whitney Economics Updates Review of Federal Tax Pressure on Legal Cannabis Operators
PORTLAND – Whitney Economics refreshed its analysis on the federal tax burden facing state-regulated legal Cannabis operators, estimating that they paid $2.24 billion in excess taxes in 2025 alone due to Section 280E of the ...
Definium Doses First Patient in Second Phase 3 LSD-Based Trial
NEW YORK – Definium Therapeutics Inc. has taken another step forward in its late-stage testing of a psychedelic-derived treatment for major depressive disorder. The company announced that the first participant received a dose in the ...
Glass House Brands Reports Q1 2026 Financial Results
LONG BEACH – Glass House Brands Inc. released its first-quarter earnings for 2026, showing revenue slightly ahead of internal expectations but down from the year-ago period, with profitability pressured by higher costs and soft wholesale ...
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 ...
IRS Reaffirms Enforcement of Section 280E Amid Cannabis Industry Pushback
MIAMI, Florida--In a recent announcement, the Internal Revenue Service (IRS) underscored the ongoing enforcement of Internal Revenue Code Section 280E, a tax code provision that has long been a contentious issue for cannabis businesses. The ...
Cronos Group Secures $51 Million Credit Line
LOS ANGELES- Cronos Group's $51 million credit line will enhance production and facilitate global market expansion, positioning the company as a key player in the burgeoning cannabis industry. Canada’s Cronos Group has announced that it ...
Incannex Healthcare Receives FDA Approval for Phase 2 Clinical Trial of Psilocybin Therapy
LOS ANGELES- Incannex Healthcare Inc. a clinical-stage pharmaceutical company, has received approval from the US Food and Drug Administration (FDA) to commence a Phase 2 clinical trial for its psilocybin pharmaceutical formulation, PSX-001, in combination ...
Week’s In Review: Tilray Expands U.S. Presence with Acquisition of Four Molson Coors Craft Breweries; California Seizes Over $120 Million in Illegal Cannabis Since January; North Dakota Voters to Decide on Cannabis Legalization for Third Time
LOS ANGELES–Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets with some states doing amazingly well. And some, well...they're not doing so well (hello New York). Let's ...
Week In Review: DEA’s Proposed Rescheduling of Cannabis Sparks Public Response; The Battle Over Recreational Cannabis Legalization Heats Up; Harris-Walz Ticket First to Support Federal Cannabis Legalization
LOS ANGELES–Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets with some states doing amazingly well. And some, well...they're not doing so well (hello New York). Let's ...
Week In Review: Ohio Comes On Line; Texas Cities Advance Cannabis Decriminalization Efforts; Tilray Expands in Portugal; Philippine Lawmakers Push for Medical Cannabis Legalization
LOS ANGELES–Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets with some states doing amazingly well. And some, well...they're not doing so well (hello New York). Let's ...
Week In Review: Dallas Officials Approve Cannabis Decriminalization Petition for November Ballot; Field Trip Health Ltd. Shares Rise 5.8% Amid Increased Trading Volume; SNDL Announces Major Restructuring to Save $20 Million Annually; Verano buys Cannabists Businesses
LOS ANGELES–Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets with some states doing amazingly well. And some, well...they're not doing so well (hello New York). Let's ...
Week In Review: GOP-Led House Committee Approves Spending Bill Blocking Cannabis Rescheduling; Canopy Growth Corporation Stock Performance and Upcoming Earnings Report
LOS ANGELES–Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets with some states doing amazingly well. And some, well...they're not doing so well (hello New York). Let's ...
Kentucky to Begin Accepting Medical Cannabis Business Applications Next Week
LOS ANGELES- Kentucky officials will begin accepting applications for the state’s medical cannabis growers, manufacturers, and retailers starting on Monday, July 1. Kentucky Gov. Andy Beshear has announced that officials will begin accepting business applications ...
DeSantis’ ‘Freedom Fund’ Targets Abortion and Cannabis Amendments on Florida Ballot
NEW YORK- Gov. Ron DeSantis has launched a new political committee to target a pair of ballot initiatives on abortion access and legalizing cannabis in Florida. The committee, named the Florida Freedom Fund, was quietly ...
Curaleaf Holdings Introduces New Hemp-Derived THC Products
Curaleaf Holdings, Inc., a provider of consumer cannabis products, has launched a new range of hemp-derived THC products under its Select and Zero Proof brands. This move aims to set new quality and safety standards ...
Maryland Launches Cannabis Workforce Development Program
LOS ANGELES- Maryland is set to launch a new Cannabis Workforce Development Program, aimed at supporting residents interested in joining the state's expanding cannabis industry. The program will prioritize individuals and communities directly impacted by ...
Virginia Cannabis Control Authority Postpones Decision on Medical Cannabis License
LOS ANGELES- The Virginia Cannabis Control Authority (CCA) has delayed its decision to award a medical cannabis license for Health Service Area 1, which includes the Shenandoah Valley and parts of central Virginia. Originally scheduled ...
North Carolina Senate Approves Medical Cannabis Legalization Bill
LOS ANGELES- The North Carolina Senate has given final approval to a medical cannabis legalization bill, sending it to the House for consideration. This move marks a significant step toward legalizing medical cannabis in the ...
Daniela Williams Leading Paylient to New Heights in the Cannabis HR Space
LOS ANGELES – Paylient HR Solutions, a Professional Employer Organization (PEO) tailored for the cannabis industry, proudly announces the appointment of Daniela Williams as their Chief Growth Officer (CGO). This strategic move signifies Paylient's commitment ...
Poland’s Medical Cannabis Sector Sees Rapid Growth Amid Decriminalization Debate
LOS ANGELES- The landscape of medical cannabis in Poland has experienced significant transformations in recent years. Surveys indicate strong public support for decriminalization, and the number of medical cannabis prescriptions has surged dramatically. However, challenges ...
Massachusetts Approves Historic Maritime Cannabis Transport
NEW YORK- The Massachusetts Cannabis Control Commission (CCC) has made a groundbreaking decision by permitting the first-ever maritime transport of state-legal cannabis between the mainland and the islands of Martha’s Vineyard and Nantucket. This historic ...
NCAA Removes Cannabis from Banned Substance List for Championships
NEW YORK- The NCAA Division I Council made a significant policy shift on Tuesday, voting to remove cannabinoids from the banned substance list for championships and postseason football participation, effective immediately. This decision marks a ...
Minnesota Receives Over 700 Social Equity Cannabis License Applications in 24 Hours
LOS ANGELES- Officials from the Minnesota Office of Cannabis Management reported receiving more than 700 applications for social equity licenses within the first 24 hours of the application window opening. This surge in applications underscores ...
Cybin Inc. Reports Financial Results and Prepares for Phase 3 Study of Lead Drug CYB003
LOS ANGELES- Cybin Inc. announced its audited financial results for the fiscal year ending March 31, 2024. The company, which currently has no revenue, reported cash holdings of C$209 million at the end of the ...
New Hampshire Residents Support Cannabis Legalization Despite Legislative Setback
LOS ANGELES- A recent poll by the University of New Hampshire Granite State Poll reveals that 65% of New Hampshire residents support legalizing cannabis for adult use, reflecting strong public backing. This contrasts sharply with ...
Brazil’s Supreme Court Decriminalizes Cannabis Possession for Personal Use
LOS ANGELES- Brazil's Supreme Court has voted to decriminalize the possession of cannabis for personal use, marking a significant change in the country's drug policy. This decision, reached after deliberations that began in 2015, reflects ...
Organigram Invests €14 Million in German Cannabis Firm Sanity Group
LOS ANGELES- Organigram Holdings Inc. has invested €14 million (~C$21 million) in Sanity Group, a German cannabis company. The investment comprises an €11.5 million unsecured convertible note and a €2.5 million equity stake, positioning Organigram ...
Ohio Approves First Provisional Dual Licenses, Paving the Way for Dispensary Rollout
COLUMBUS, Ohio — As Ohio inches closer to opening its doors to recreational cannabis sales, the state has taken a significant step forward by issuing the first provisional dual licenses to medical marijuana dispensaries. This ...
U.S. Cannabis Reforms Lead to 2.5 Million Pardons or Expungements
LOS ANGELES- Recent cannabis policy reforms in the United States have resulted in approximately 2.5 million pardons or expungements for cannabis-related convictions, according to a tally by the National Organization for the Reform of Marijuana ...
