Legal Affairs
As November Looms, the Intoxicating Hemp Industry Carries On — Calmly, Confidently, and Perhaps Optimistically
NEW YORK - Across the United States, the intoxicating hemp sector is behaving as though November 2026 is just another month on the calendar — not a potential regulatory cliff. That’s when new federal restrictions, ...
OPINION: The Cannabis Industry That Left Black America Behind
LOS ANGELES- America’s legal Cannabis industry loves to tell a redemption story: a plant once criminalized is now regulated, normalized, and generating billions in tax revenue. But redemption for whom? Black History Month shouldn’t just ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – The Cannabis and Psychedelics sectors remain in a state of flux, balancing regulatory progress, market milestones, and corporate maneuvers with persistent challenges. Mature markets posted impressive revenue numbers, major operators strengthened their ...
Who Will Decide Cannabis Legalization? The Math Will.
LOS ANGELES -For decades, Cannabis reform in the United States has moved unevenly—state by state, ballot by ballot, crisis by crisis. On paper, federal prohibition still stands, and national politics remain polarized. But economically and ...
Canopy Growth Locks in Debt Overhaul, Gears Up for Expansion
TORONTO – Canopy Growth Corp. detailed a pair of financial maneuvers aimed at shoring up its books and clearing a path for expansion. The deals, which include a new $150 million U.S. term loan and ...
U.S. Hempcrete Market Set for Steady Rise to $10.6B by 2033
LOS ANGELES – The market for hempcrete, a lightweight composite material derived from the woody core of the hemp plant, stands at $7.83 billion this year and could reach $10.6 billion by 2033. That trajectory ...
From $700 Million Unicorn to Fire-Sale Exit: What the Eaze–Vireo Deal Says About California Cannabis
LOS ANGELES- When Eaze first burst onto the scene, it was marketed as the “Uber of Cannabis”—a tech-enabled delivery platform that promised to professionalize and scale legal access across California. At its peak, Eaze ...
As November Looms, the Intoxicating Hemp Industry Carries On — Calmly, Confidently, and Perhaps Optimistically
NEW YORK - Across the United States, the intoxicating hemp sector is behaving as though November 2026 is just another month on the calendar — not a potential regulatory cliff. That’s when new federal restrictions, ...
OPINION: The Cannabis Industry That Left Black America Behind
LOS ANGELES- America’s legal Cannabis industry loves to tell a redemption story: a plant once criminalized is now regulated, normalized, and generating billions in tax revenue. But redemption for whom? Black History Month shouldn’t just ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – The Cannabis and Psychedelics sectors remain in a state of flux, balancing regulatory progress, market milestones, and corporate maneuvers with persistent challenges. Mature markets posted impressive revenue numbers, major operators strengthened their ...
Chicago Atlantic Real Estate Finance Reports Amid Cannabis Industry Momentum
LOS ANGELES- Chicago Atlantic Real Estate Finance, Inc. an Illinois-based cannabis real estate investment trust (REIT), has disclosed a substantial 17% increase in net interest income for the fiscal year 2023, reaching $57.1 million. This ...
NECANN: New England’s Leading Cannabis Convention Returns to Boston
BOSTON, (March 18, 2024) -NECANN will host its 10th Annual New England Cannabis Convention March 22-23 at the Hynes Convention Center in Boston presented by Futurola. This year’s event has grown into a 3rd exhibit ...
Announcing: New Show on Highly Capitalized: ‘Human Capital with Liesl Bernard’: A Fresh Take on HR in Cannabis & Wellness Industries
LOS ANGELES, California, March 19, 2024 /PRNewswire/ Introducing "Human Capital" with Liesl Bernard, a new online news show set to air bi-monthly on HighlyCapitalized.com, and dedicated to exploring the vital topic of human resources within companies, ...
Verano Holdings Reports 2023 Financial Outcomes
LOS ANGELES- Verano Holdings Corp a player in the multi-state cannabis industry, has disclosed its financial performance for the fourth quarter and the entirety of 2023, demonstrating resilience and strategic growth despite facing industry-wide challenges. ...
Biden’s Pledge on Cannabis Reform Faces Scrutiny from Activists
LOS ANGELES- In a recent encounter with cannabis activists, President Joe Biden reaffirmed his commitment to reforming federal cannabis policy. However, activists argue that simply rescheduling cannabis is insufficient to address the harms caused by ...
Kentucky Senate Sets Conditions for Medical Cannabis Funding
LOS ANGELES- In a move that reflects ongoing debates over cannabis policy, the Kentucky Senate has introduced conditions for funding the state's Office of Medical Cannabis. The program, set to launch in 2025, now faces ...
Cresco Labs Navigates Financial Turbulence with Strategic Focus
LOS ANGELES- In a revealing glimpse into the cannabis industry's volatile financial landscape, Cresco Labs Inc. a cannabis multistate operator based in Chicago, disclosed a significant net loss of $180 million for the fiscal year ...
Hawaii Moves Closer to Cannabis Legalization with House Amendments
LOS ANGELES- Hawaii is on the verge of a major shift in its cannabis policy as House lawmakers in two crucial committees have voted to advance a bill for the legalization of adult-use cannabis, albeit ...
Review: Hall of Flowers Cannabis Business Event: A Uniquely Authentic Experience
LOS ANGELES--In an industry burgeoning with conventions and expos, the Hall of Flowers stands out not merely as an event but as a celebration of cannabis culture's depth, resilience, and creativity. It's not just the ...
TerrAscend Joins the Ranks of Cannabis Firms Challenging Tax Obligations Under Section 280E
LOS ANGELES- TerrAscend Corp., a prominent cannabis multistate operator, has announced a bold strategy to contest taxes owed under Section 280E of the Internal Revenue Code, signaling a potential shift in the financial maneuvering within ...
Thailand’s Blossoming Cannabis Culture Faces Potential Clampdown
LOS ANGELES- In 2022, Thailand marked a significant milestone as the first country in Asia to fully decriminalize cannabis, igniting a vibrant and burgeoning culture around the plant's recreational use. This liberalization has fostered a ...
Vice President Harris Critiques Federal Cannabis Classification as “Absurd,” Awaits DEA Decision
NEW YORK- In a recent statement at the White House, Vice President Kamala Harris has labeled the federal classification of cannabis as “absurd,” emphasizing the administration's anticipation for the Drug Enforcement Administration (DEA) to reconsider ...
Wyoming Enacts Ban on Delta-8 THC
LOS ANGELES- Wyoming's hemp-derived cannabinoid market faces significant disruption following the recent enactment of a law banning delta-8 THC products. Republican Governor Mark Gordon's decision to sign Senate File 32 into law marks a decisive ...
Morocco’s Pioneering Cannabis Harvest Yields 294 Metric Tons Amid Legal Shift
LOS ANGELES- In a historic development for Morocco and its agricultural sector, the nation's first legal cannabis harvest has culminated in a substantial yield of 294 metric tons in 2023. This milestone follows the country's ...
Indiana’s Pioneering Psilocybin Research Bill Awaits Governor’s Approval
LOS ANGELES- In a groundbreaking legislative move, Indiana stands on the precipice of advancing psilocybin research, following the final approval of a bill aimed at exploring the substance's potential in treating various medical conditions. The ...
New Mexico’s Cannabis Industry Surpasses $1 Billion in Sales
LOS ANGELES- In an impressive show of growth and economic impact, New Mexico's burgeoning cannabis sector has crossed a significant threshold, achieving over $1 billion in sales. This landmark achievement not only highlights the increasing ...
Jamaica’s Pure Jamaican and Seven Ten Limited Forge Path in Global Cannabis Market
LOS ANGELES- In a significant stride towards global market leadership, Pure Jamaican has initiated a groundbreaking program aimed at exporting its distinctive pharmaceutical products. This includes a range of cannabinoid compounds such as THC derived ...
High Tide Inc. Acquires Queen of Bud
LOS ANGELES- In a strategic move to enhance its market footprint, High Tide Inc. (Nasdaq: HITI) (TSXV: HITI), a prominent Canadian cannabis chain, has announced the acquisition of the Queen of Bud brand, including its ...
Ohio’s Innovative Approach to Cannabis Reform: Funding K9 Transition with Tax Revenue
LOS ANGELES- In a forward-thinking move, Ohio legislators are deliberating a bill designed to smooth the transition for police K9 units in the wake of the state's cannabis legalization. The proposed legislation seeks to utilize ...
Virginia’s Path to Adult-Use Cannabis Market Faces Political Hurdles
LOS ANGELES- The journey toward establishing a regulated adult-use cannabis market in Virginia is encountering significant political barriers, despite initial progress in cannabis legislation. The Commonwealth, which took initial steps towards a more progressive stance ...
Cybin Eyes $150 Million Boost Through Private Placement to Propel Psychedelic Drug Development
Cybin Inc., a firm at the forefront of psychedelic drug development, announced its plan on Wednesday to secure approximately $150 million in funding through the private placement of over 348 million common shares. This strategic ...
Washington to Eliminate 37% Tax on Medical Cannabis
NEW YORK- In a significant legislative move, Washington State has taken steps to alleviate the financial strain on medical cannabis patients by abolishing the 37% excise tax previously levied on their medicine. This decision follows ...
atai Life Sciences Advances VLS-01, A Novel DMT-Based Treatment
LOS ANGELES- atai Life Sciences a biotechnology company specializing in mental health treatments, is making strides in the development of a groundbreaking approach to treating treatment-resistant depression. Dr. Srinivas Rao, the Chief Scientific Officer, recently ...
New Study Affirms Long-Term Safety of CBD for Dogs
NEW YORK- In an era where CBD products have surged in popularity for their health benefits in humans, a new study funded by the National Animal Supplement Council (NASC) brings promising news for our four-legged ...
Arkansas Proposes Constitutional Amendment for Adult-Use Cannabis Legalization
LOS ANGELES- In a significant move towards cannabis legalization, Arkansas advocates have filed a constitutional amendment aimed at legalizing adult-use cannabis. The proposal, now awaiting review by the state attorney general's office, could see the ...
