Legal Affairs
Village Farms Launches Cultivation at Its Second Dutch Facility
GRONINGEN – Village Farms International, Inc. recently announced the commencement of cultivation at its Phase II cultivation and processing facility in Groningen, the Netherlands, after receiving all required regulatory approvals. The Groningen facility aims to ...
Cresco Labs Secures $50M Revolving Credit Facility
CHICAGO – Cresco Labs Inc. announced the closing of a credit agreement with Needham Bank, giving the company access to a $50 million revolving credit facility. The facility carries a fixed interest rate of 7.99% ...
FundCanna: Institutional Money (Finally) Finds Cannabis
LOS ANGELES – For years, Cannabis operators have built real businesses without access to the financial infrastructure that real businesses normally rely on. That may finally be starting to change. A San Diego-based Cannabis lender ...
GTI Reports Q1 2026 Financial Results
CHICAGO – Green Thumb Industries Inc. released its first-quarter 2026 financial results, highlighting steady performance in a market still marked by price competition and variable demand. The multistate Cannabis operator posted steady revenue growth, alongside ...
Target Expands Hemp-Derived THC Beverage Sales Area
NEW YORK – Target is broadening its reach in the hemp-derived THC beverage category, adding the products to more than 300 stores across Florida, Texas and parts of Illinois. The mass retailer confirmed the move ...
Cannara Biotech Wraps Up Medican Organic Acquisition
MONTREAL – Cannara Biotech Inc. announced the closing of a transaction to acquire all of the shares of Medican Organic Inc. for an aggregate purchase price of $2.8 million. On the surface, that's a modest ...
Aprio Targets Cannabis Sector in Price Kong Acquisition
ATLANTA-PHOENIX – Aprio, the 20th largest business advisory and accounting firm in the United States, announced it had entered into an agreement to acquire Price Kong, a Phoenix-based CPA and advisory firm. The transaction, effective ...
Village Farms Launches Cultivation at Its Second Dutch Facility
GRONINGEN – Village Farms International, Inc. recently announced the commencement of cultivation at its Phase II cultivation and processing facility in Groningen, the Netherlands, after receiving all required regulatory approvals. The Groningen facility aims to ...
Cresco Labs Secures $50M Revolving Credit Facility
CHICAGO – Cresco Labs Inc. announced the closing of a credit agreement with Needham Bank, giving the company access to a $50 million revolving credit facility. The facility carries a fixed interest rate of 7.99% ...
FundCanna: Institutional Money (Finally) Finds Cannabis
LOS ANGELES – For years, Cannabis operators have built real businesses without access to the financial infrastructure that real businesses normally rely on. That may finally be starting to change. A San Diego-based Cannabis lender ...
Inspector General Calls for Receiver for Dysfunctional Massachusetts Cannabis Control Commission
LOS ANGELES- The Massachusetts Cannabis Control Commission (CCC) is in such disarray that lawmakers need to appoint a receiver to manage the regulatory agency, according to a recent letter from the state's inspector general. Inspector ...
Dutch State Committee Report on MDMA Highlights Public Health and Therapeutic Uses
LOS ANGELES- On June 6, 2024, the Dutch State Committee MDMA presented its report titled "MDMA: Beyond Ecstasy" to the Dutch Minister of Medical Care. The six-member committee, chaired by Brigit Toebes and co-chaired by ...
New York Task Force Shuts Down Over 100 Illegal Cannabis Dispensaries in Three Weeks
LOS ANGELES- Since its inception three weeks ago, New York’s task force dedicated to shutting down illegal cannabis dispensaries has closed 114 storefronts. The enforcement actions, which have led to the seizure of more than ...
California State Fair Introduces Cannabis Sales and Consumption Area
LOS ANGELES- This year’s California State Fair, beginning July 12 in Sacramento, will feature cannabis sales and a designated consumption area, signaling the growing acceptance of cannabis in mainstream America. This marks the first time ...
Highly Capitalized: ‘Inside Cultivation with Advanced Nutrients’
LOS ANGELES — Highly Capitalized Network is thrilled to introduce “Inside Cultivation with Advanced Nutrients,” a new online news show that will air fortnightly on HighlyCapitalized.com. This program aims to provide deep insights into cannabis ...
Psilocybin Study Highlights Potential for Psychiatric Treatment
LOS ANGELES- A recent study available through the National Library of Medicine provides new insights into the use of psilocybin for treating psychiatric disorders and its potential in psychedelic-assisted psychotherapy. This study is the first to ...
High Tide Inc. Secures $15 Million Financing to Support Canadian Expansion
LOS ANGELES- High Tide Inc., known for its innovative approach to cannabis retailing, has announced a significant financial maneuver to facilitate its growth plans across Canada. Under the leadership of CEO Raj Grover, the company ...
Texas Judge Dismisses Lawsuit Against Local Cannabis Reforms
LOS ANGELES- A Texas judge has dismissed a lawsuit by Attorney General Ken Paxton that sought to nullify voter-approved local cannabis decriminalization ordinances in Austin, Denton, Elgin, Killeen, and San Marcos. Last week, a Texas ...
Study Shows Reduced Opioid Prescriptions Near Cannabis Dispensaries
LOS ANGELES- A recent study has found that communities in Oregon with cannabis dispensaries nearby have lower rates of opioid prescriptions. The research, titled “Recreational cannabis dispensary access effects on prescription opioid use and mortality,” ...
Minnesota Codifies Ban on Cannabis Odor as Sole Reason for Searches
LOS ANGELES- Minnesota lawmakers have codified a Minnesota Supreme Court decision that prevents law enforcement from using the smell of cannabis as the sole basis for searching a vehicle. This decision follows the legalization of cannabis ...
AMA Approves Support for Drug Decriminalization
LOS ANGELES- The American Medical Association (AMA) voted to support drug decriminalization at its annual House of Delegates meeting in Chicago on June 12. MD/PhD candidate Ryan Englander highlighted the inefficacy of the war on ...
Michigan Surpasses California in Cannabis Sales Volume
LOS ANGELES- Michigan has overtaken California as the largest cannabis market in the U.S. in terms of sales volume, according to data from multiple market intelligence firms. Michigan surpassed California over the winter in the ...
Psychedelics Linked to Improved Cognitive Functioning in Older Adults
LOS ANGELES- Older individuals who have used psychedelics exhibit better cognitive functioning and fewer depressive symptoms compared to those who have not, according to new research published in Gerontology & Geriatric Medicine. However, psychedelic usage ...
Slovenia Votes Overwhelmingly for Cannabis Reforms in Recent Elections
WORLD- In a significant shift, Slovenian voters have endorsed key cannabis reforms, including the cultivation of medical cannabis and limited personal use, reflecting evolving societal attitudes. One of the key questions put to voters was ...
Massachusetts Lawmakers Postpone Intoxicating Hemp Regulation to 2025
LOS ANGELES- Massachusetts lawmakers have announced that legislation to regulate intoxicating hemp products will not be completed before the end of the current legislative session next month. Despite the pressing need for regulation, the bill ...
New York Advances Cannabis Regulation Amid Enforcement Challenges
NEW YORK- New York has made notable progress in cannabis regulation, introducing new rules that allow adults to cultivate plants for personal use. This development is part of the state’s broader strategy to foster a ...
Filament Health Completes C$1.0 Million Bridge Financing
LOS ANGELES- Filament Health Corp., a natural psychedelic drug development company, announced the completion of its C$1.0 million bridge financing. This follows the company's press release from June 3, 2024. Negev Capital Fund One, LP ...
California Cannabis Retailers Could Soon Diversify Offerings with New Bill
LOS ANGELES- A new bill proposed by Assemblymember Matt Haney seeks to assist California's cannabis retailers in diversifying their revenue streams. This legislation would allow these businesses to sell non-cannabis food and non-alcoholic beverages and ...
Minnesota Cannabis: State Announces Automatic Expungements of 57,780 Criminal Records
ST. PAUL, Minn. — Criminal history records that qualify for automatic expungement under the Adult-Use Cannabis Act are no longer visible to the public in the Minnesota Criminal History System (CHS). The Minnesota Department of Public Safety ...
California Bill Proposes Psilocybin Therapy Pilot Program for Veterans and First Responders
LOS ANGELES- A psilocybin therapy bill introduced by California Senators Brian W. Jones and Josh Becker on June 6 seeks to establish a three-year pilot program for military veterans and first responders. Senate Bill 803, ...
Vermont Cannabis Sales Reach $10.94 Million in April
LOS ANGELES- According to the Vermont Department of Taxes, legal cannabis sales in April totaled $10.94 million, contributing to a yearly total of approximately $45 million. Cannabis sales generated $1.53 million in tax revenue for ...
Mary Jane Berlin 2024: Epicenter of European Cannabis Culture and Innovation
BERLIN—This week, Berlin is hosting one of the most anticipated events in the cannabis industry: Mary Jane Berlin. From June 14 to June 16, the sprawling Arena Berlin will transform into a vibrant hub for ...
Ohio’s Cannabis Law Faces Varied Municipal Responses
LOS ANGELES- Ohio's cannabis law permits individuals aged 21 and older to possess up to 2.5 ounces of cannabis and up to 15 grams of cannabis concentrates. Additionally, residents can cultivate up to six cannabis ...
Eastern Band of Cherokee Indians Approve Recreational Cannabis Sales
LOS ANGELES- Recreational cannabis may soon become a reality in North Carolina following a decision by the Eastern Band of Cherokee Indians (EBCI). This move could significantly transform the state’s cannabis landscape. While North Carolina ...
Vermont Cannabis Bill H.612 Passes Without Governor’s Signature
LOS ANGELES- Vermont Governor Phil Scott allowed cannabis bill H.612 to become law without his signature, marking significant regulatory changes to the state's cannabis landscape. The bill, which aims to improve regulations surrounding cannabis and ...
