Legal Affairs
Former Arizona Senator Sinema Advocates Ibogaine Research Post-Treatment
LOS ANGELES – Former U.S. Senator Kyrsten Sinema of Arizona shared details of her personal encounter with ibogaine during a recent appearance on CNN. Speaking with Jake Tapper, Sinema highlighted her push for expanded research into ...
Europe’s Medical Cannabis Sector Shows Steady Expansion
LOS ANGELES – Prohibition Partners’ report indicates that Europe's medical Cannabis market could hit approximately €1.4 billion this year, driven by demand in key countries like Germany and the United Kingdom. Analysts point to a ...
California Lawmakers Back Pause on Recent Cannabis Tax Hike
LOS ANGELES – The California Senate approved Assembly Bill 564, a measure that would roll back a recent jump in the state's Cannabis excise tax for five years, sending it back to the Assembly for ...
Canopy Growth Corp Reports Q1 FY2026 Financial Results
SMITHS FALLS – Canopy Growth Corp. released its financial results for the first quarter of fiscal year 2026, ending June 30, 2025, showcasing a 9% increase in net revenue to $72.1 million compared to $66.2 ...
Case Study: Grupo Flor: A Cannabis Turnaround Driven by Strategic Focus
SALINAS- When Mark Collins joined Grupo Flor as Chief Financial Officer, the California-based vertically integrated Cannabis company was in severe financial and operational distress. The business held multiple licenses across retail, cultivation, manufacturing, and distribution—far ...
Cannabis Stocks Rally as U.S. Rescheduling Debate Heats Up
LOS ANGELES — For the first time in more than a year, cannabis stocks are enjoying a sustained rally. Exchange-traded funds focused on the sector have climbed sharply in recent weeks, and several of the ...
Did Psilocybin Arrive From Outer Space? New Genomic Study Opens the Door to a Cosmic Possibility
LOS ANGELES — The psychedelic compound psilocybin has long intrigued researchers for its potential to treat mental health conditions, but a groundbreaking study is now shedding new light on where these mushrooms came from—and it’s ...
Former Arizona Senator Sinema Advocates Ibogaine Research Post-Treatment
LOS ANGELES – Former U.S. Senator Kyrsten Sinema of Arizona shared details of her personal encounter with ibogaine during a recent appearance on CNN. Speaking with Jake Tapper, Sinema highlighted her push for expanded research into ...
Europe’s Medical Cannabis Sector Shows Steady Expansion
LOS ANGELES – Prohibition Partners’ report indicates that Europe's medical Cannabis market could hit approximately €1.4 billion this year, driven by demand in key countries like Germany and the United Kingdom. Analysts point to a ...
California Lawmakers Back Pause on Recent Cannabis Tax Hike
LOS ANGELES – The California Senate approved Assembly Bill 564, a measure that would roll back a recent jump in the state's Cannabis excise tax for five years, sending it back to the Assembly for ...
Clearmind Medicine Inc. Announces Reverse Share Split to Comply with Nasdaq Regulations
NEW YORK- Clearmind Medicine Inc., a biotech company renowned for its innovative work in developing psychedelic-derived therapeutics, has announced a strategic decision to conduct a reverse share split of its ordinary shares. This move is ...
Revive Therapeutics Advances Development of Innovative Bucillamine Formulation for Medical Emergencies
LOS ANGELES- Revive Therapeutics Ltd, a specialty life sciences company, has recently announced significant progress in the development of a new lyophilized formulation of Bucillamine, a drug initially designed for medical needs and rare disorders. ...
Oklahoma Prolongs Medical Cannabis License Moratorium to 2026 Amid Regulatory Review
LOS ANGELES- In a significant move for the state's cannabis industry, Oklahoma has decided to extend its moratorium on new medical cannabis licenses up to 2026, as reported by Tulsa World. This extension hinges on ...
New York Sets Stringent Regulations on Hemp Products, Banning Delta-8 and Other THC Variants
NEW YORK- New York's cannabis regulatory framework has reached a new milestone with the finalization of rules governing intoxicating hemp products. The state's regulators have imposed a ban on specific THC variants, including Delta-8 THC, ...
Pennsylvania Moves to Expand Medical Cannabis Retail Access, Breaking Up Potential Monopoly
NEW YORK- Pennsylvania is poised to significantly expand its medical cannabis industry, with new legislation on the horizon that could allow all of its 25 medical cannabis grower/processor licensees to also operate retail outlets. This ...
California Regulators Impose Embargo on Cannabis Products from Three Companies Over Safety Concerns
LOS ANGELES- California's Department of Cannabis Control (DCC) has taken decisive action by imposing an embargo on cannabis products from three companies, citing concerns that these products may have been "adulterated" and potentially harmful. This ...
South Dakota on the Cusp of Major Cannabis Reform with New Adult-Use Ballot Initiatives
LOS ANGELES- In a significant development for cannabis legislation, South Dakota has introduced two new adult-use cannabis legalization measures, aiming for inclusion in the 2024 general election. Both initiatives require 17,509 valid signatures from registered ...
Navigating the Green: Unraveling the Taxing Dilemma in the Cannabis Industry
LOS ANGELES- In the ever-expanding landscape of the cannabis industry, where green is not just a color but a thriving economic force, the question of taxation looms large. As states grapple with the complex task ...
Silo Pharma Secures Exclusive License for MedSpray’s Intranasal Technology for SPC-15 Drug Delivery
NERW YORK – Silo Pharma, Inc. a biopharmaceutical company at the forefront of merging traditional therapeutics with psychedelic research, announced today its new exclusive licensing agreement with Medspray Pharma BV. This agreement centers around Medspray's ...
New York Finalizes Regulations for Intoxicating Hemp Products, Banning Certain THC Variants
NEW YORK – New York's cannabis regulators have recently established definitive rules for intoxicating hemp products, introducing a series of restrictions and standards that are expected to reshape the hemp market in the state. As ...
Hawaii Attorney General Proposes Comprehensive Plan for Recreational Cannabis Legalization
LOS ANGELES– Hawaii Attorney General Anne Lopez recently unveiled a detailed proposal to legalize recreational cannabis, marking a significant step forward in the state's cannabis policy reform. This initiative comes eight months after a similar ...
Ohio Senate President Seeks Changes to Cannabis Legalization Law Amid Controversy
LOS ANGELES- In a move that is stirring debate, Ohio State Senate President Matt Huffman is spearheading a bipartisan effort to revise Ohio's recently approved cannabis legalization law, Issue 2, before its main provisions take ...
MariMed Inc. Secures $58.7 Million Loan from Needham Bank to Bolster Operations and Reduce Debt
LOS ANGELES- MariMed Inc. a player in the cannabis industry, has recently finalized a substantial financial deal with Needham Bank, a community bank based in Massachusetts. The agreement involves a 10-year $58.7 million loan, marking ...
SNDL and Nova Cannabis Cancel Strategic Partnership Plan, Maintain Ongoing Collaboration
LOS ANGELES- Canadian cannabis producer SNDL and retailer Nova Cannabis have mutually decided to abandon their previously announced plan to implement a strategic partnership. Despite this development, the Alberta-based companies have affirmed their commitment to ...
Potential Downturn in Public Psychedelic Company Listings
LOS ANGELES- In a recent report, Robert Sassoon, a Senior Research Analyst at Water Tower, forecasts a significant shakeout in the psychedelics market, particularly impacting publicly traded companies in the sector. Sassoon anticipates a consolidation ...
Washington State University Study Suggests Cannabis May Improve Sleep Quality
LOS ANGELES- In a groundbreaking study, Washington State University researchers have unveiled compelling evidence suggesting that cannabis might enhance sleep quality, a revelation that contradicts long-held beliefs regarding its efficacy as a sleep aid. The ...
Mississippi Cannabis Dispensary Owner Sues State Over Advertising Restrictions
LOS ANGELES- A lawsuit challenging Mississippi's restrictive advertising rules for cannabis companies was filed on Thursday in federal court. The litigation, initiated by Clarence Cocroft II, owner of Tru Source Medical Cannabis, directly confronts the ...
Monthly Roundup: Navigating the Psychedelic Investment Landscape
LOS ANGELES-In an environment marked by regulatory complexities, companies in the emerging field of psychedelic medicine are cautiously progressing, acknowledging the challenges posed by the absence of federal legality. From stability testing milestones to financial ...
FSD Pharma Inc Announces Key Dates for Distribution of Celly Nutrition Corp Shares
LOS ANGELES- FSD Pharma Inc, a prominent biopharmaceutical company, has announced crucial details regarding the distribution of shares as part of its strategic plan of arrangement (the “Arrangement”). The company, known for its innovative portfolio ...
Psyence Group Inc. Advances Towards Nasdaq Listing with New Psychedelics Venture
LOS ANGELES- Psyence Group Inc., a Canadian psychedelics firm, has marked a significant advancement in its growth trajectory. The company, listed on the Canadian Securities Exchange (CSE: PSYG), has received regulatory approval from U.S. stock ...
YourWay Cannabis Brands Faces Challenges with Financial Reporting and Management Changes
LOS ANGELES- YourWay Cannabis Brands Inc., a company traded on the Canadian Securities Exchange and the OTC market (OTC: YOURF), is grappling with significant challenges, including delays in financial reporting and management upheavals. The company ...
New York Governor Signs Groundbreaking Clean Slate Act for Conviction Sealing
NEW YORK- New York Governor Kathy Hochul has enacted a transformative law, the Clean Slate Act, enabling the sealing of eligible misdemeanor and felony convictions, a move poised to reshape the landscape of criminal justice ...
Maine Medical Cannabis Report Reveals High Contamination Rates
LOS ANGELES- Nearly half of the medical cannabis commercially available in Maine contains contaminants like yeast, mold, or pesticides, a new report from the state's Office of Cannabis Policy (OCP) reveals. The findings, detailed in ...
Georgia Expands Its Medical Cannabis Industry with New Business Permits
LOS ANGELES- Georgia's medical cannabis industry is taking significant strides with the Georgia Access to Medical Cannabis Commission awarding four additional business permits. This development brings the total number of licensed cannabis companies in the ...
British American Tobacco Amplifies Investment in Organigram
LOS ANGELES- British American Tobacco (BAT), a global tobacco company, has significantly increased its investment in Canadian cannabis producer Organigram Holdings. The latest investment of 124.6 million Canadian dollars ($92.5 million) marks a deepening partnership ...
