Legal Affairs
FinCEN Reveals Steady Banking Access for Cannabis Businesses Despite Persistent Federal Barriers
WASHINGTON – A recent report from the Financial Crimes Enforcement Network shows that 816 banks and 182 credit unions filed suspicious activity reports (SARs) related to Cannabis businesses through the end of 2024, signaling stable ...
Texas Regulators Set Age Limit on Hemp-Derived THC Sales
AUSTIN – The Texas Alcoholic Beverage Commission (TABC) voted unanimously on Tuesday to bar liquor-license holders from selling hemp-derived THC products to customers under 21, marking the state's initial response to Governor Greg Abbott's call ...
High Tide Expands Canna Cabana Footprint in Ontario and Alberta
CALGARY – High Tide, Inc. announced plans to open three new Canna Cabana stores in the coming weeks, adding dispensaries in North York and Etobicoke, Ontario, and Fort McMurray, Alberta. The move pushes the company's ...
German Health Ministry Draft Sparks Patient Backlash Over Medical Cannabis Access
FRANKFURT – A recent survey by MedCanOneStop, a German medical Cannabis platform, has highlighted sharp concerns among patients about a proposed amendment from the Federal Ministry of Health (Bundesministerium für Gesundheit, BMG) that would limit ...
Trump’s Potential Cannabis Rescheduling Sparked Stock Rise and Industry Uncertainty
LOS ANGELES – On August 11, 2025, President Donald Trump’s public comments on potentially rescheduling Cannabis from Schedule I to Schedule III under the Controlled Substances Act skyrocketed Cannabis stocks. The AdvisorShares Pure U.S. Cannabis ...
Hemp-Derived THC Beverages Gain Traction as U.S. Alcohol Consumption Declines
LOS ANGELES – Hemp-derived THC beverages generated $382 million in sales in 2024, a marked increase from previous years, yet 2025 projections indicate tempered growth at $571 million, climbing to $756 million by 2029 with ...
Crafting Cannabis Excellence: How Quality Builds Lasting Brands
In the bustling Cannabis market, where fierce competition and economic pressures have driven prices down, many products risk blending into a sea of sameness. Yet, a select group of companies stands out by prioritizing premium ...
FinCEN Reveals Steady Banking Access for Cannabis Businesses Despite Persistent Federal Barriers
WASHINGTON – A recent report from the Financial Crimes Enforcement Network shows that 816 banks and 182 credit unions filed suspicious activity reports (SARs) related to Cannabis businesses through the end of 2024, signaling stable ...
Texas Regulators Set Age Limit on Hemp-Derived THC Sales
AUSTIN – The Texas Alcoholic Beverage Commission (TABC) voted unanimously on Tuesday to bar liquor-license holders from selling hemp-derived THC products to customers under 21, marking the state's initial response to Governor Greg Abbott's call ...
High Tide Expands Canna Cabana Footprint in Ontario and Alberta
CALGARY – High Tide, Inc. announced plans to open three new Canna Cabana stores in the coming weeks, adding dispensaries in North York and Etobicoke, Ontario, and Fort McMurray, Alberta. The move pushes the company's ...
Michigan’s Cannabis Industry: Balancing Growth and Regulation in a Booming Market
LOS ANGELES- Michigan's cannabis market has witnessed a remarkable surge, with adult-use and medical cannabis sales reaching a staggering $3.6 billion in 2023. This growth represents a 30% increase from the previous year, surpassing the ...
Pioneering the Future of Concussion Management: NFL and University of Regina Partner in Groundbreaking CBD Study
LOS ANGELES- In an era where concussion management is a paramount concern in sports, a revolutionary collaboration between the National Football League (NFL) and the University of Regina is making headlines. The partnership, aimed at ...
FDA’s ‘Breakthrough’ Nod to MM120, An LSD-Derivative, for Anxiety Relief
LOS ANGELES- In a significant development within the field of psychedelic therapy, the Food and Drug Administration (FDA) has recognized the LSD-analog substance MM120, also known as lysergide d-tartrate, with a 'breakthrough therapy' designation for ...
Missouri’s Monumental Task: Expunging 103,558 Cannabis Cases Amid Challenges
LOS ANGELES — In a significant undertaking following the legalization of adult-use cannabis in Missouri, county clerks are rigorously working through an extensive backlog of paper records to identify and expunge cannabis-related convictions. The process, ...
New York Gov. Hochul’s Budget Proposes Shift from Potency to Weight-Based Cannabis Tax
NEW YORK— In a significant move to streamline taxation in the burgeoning cannabis industry, New York Governor Kathy Hochul’s proposed budget for fiscal year 2025 outlines a shift from the current potency-based tax to a ...
California’s Fiscal Challenge: Balancing Budget Deficit with Cannabis Tax Revenue Reallocation
LOS ANGELES- In the face of a significant $37.9 billion budget deficit, California Governor Gavin Newsom has proposed a contentious plan to reallocate funds from the state's cannabis tax revenue. This move has ignited debate ...
Unpacking the Impact: CDTFA’s Strain on California’s Cannabis Industry, Recent Developments, and Industry Advocacy
LOS ANGELES–California, a trailblazer in the legalization of recreational cannabis, has faced challenges as the industry seeks to establish itself and cannabis companies in California make great efforts to flourish within the state. The California ...
Oregon Lawmakers Debate Reversing Drug Decriminalization
LOS ANGELES- In a significant shift in drug policy discussions, Oregon lawmakers from both major political parties are considering proposals to reverse aspects of the state's drug decriminalization, a move that has sparked debate and ...
MedMen Enterprises Inc.: A Tale of Decline in the Cannabis Industry
LOS ANGELES- MedMen Enterprises Inc. a player in the cannabis industry, now faces a precarious future as its stock price plummets. Recent developments have seen the company's stock fall to negligible values, with Green Market ...
Clearmind Medicine Inc. Regains Compliance with Nasdaq Listing Requirements
Clearmind Medicine Inc. a biotech company in the field of psychedelic-derived therapeutics, has successfully regained compliance with Nasdaq's minimum bid price requirement. The company, known for its innovative approach to addressing major health challenges, received ...
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, ...
