Legal Affairs
The Cannabist Co Holdings Reports Q2 2025 Financial and Operational Results
CHELMSFORD – The Cannabist Company Holdings Inc., a leading U.S. Cannabis cultivator, manufacturer, and retailer, released its financial and operational results for the second quarter of 2025, indicating ongoing efforts to streamline operations and strengthen ...
MariMed Reports Q2 2025 Financial Results
NORWOOD – MariMed Inc. released its financial results for Q2 2025 ended June 30, reflecting a blend of operational growth and financial challenges. The company reported revenue of $39.6 million, a slight decline from $40.4 ...
Will the Hemp Beverage Category Still Be Here in 12 Months?
LOS ANGELES- Will the Hemp Beverage Category Still Be Here in 12 Months? That's not just a provocative question—it’s a quiet but growing concern across the hemp industry. After a explosive rise in popularity, hemp-derived THC ...
Brazilian App Turns Patient Adoption Into a Cannabis Data Asset
LOS ANGELES- Brazil’s health-tech startup Blis says its mobile platform now supports more than 300,000 registered patients, generates roughly R$2 million (about US$363,000) in monthly revenue and reaches users in more than 1,800 municipalities. By ...
Blüm Holdings to Acquire Northern California Cannabis Dispensary
LOS ANGELES- Blüm Holdings Inc, a California-based publicly traded holding company and cannabis operator, has signed a binding all‑stock agreement to acquire a majority stake in a licensed adult‑use and medical cannabis dispensary in Northern ...
Colorado Legal Cannabis Market Sees Sustained Growth Through 2030
LOS ANGELES- A recent industry report estimates that Colorado’s legal cannabis market, valued at approximately USD 2.59 billion in 2024, is projected to expand at a compound annual growth rate (CAGR) of 12.9% between 2025 and 2030—reaching ...
Curaleaf Takes Full Control of European Arm in Bold Strategic Move
LOS ANGELES - In a major development out of the cannabis industry, Curaleaf Holdings, Inc. (TSX: CURA, OTCQX: CURLF) has just announced it’s taken full ownership of Curaleaf International, buying out its minority partner’s stake ...
The Cannabist Co Holdings Reports Q2 2025 Financial and Operational Results
CHELMSFORD – The Cannabist Company Holdings Inc., a leading U.S. Cannabis cultivator, manufacturer, and retailer, released its financial and operational results for the second quarter of 2025, indicating ongoing efforts to streamline operations and strengthen ...
MariMed Reports Q2 2025 Financial Results
NORWOOD – MariMed Inc. released its financial results for Q2 2025 ended June 30, reflecting a blend of operational growth and financial challenges. The company reported revenue of $39.6 million, a slight decline from $40.4 ...
Will the Hemp Beverage Category Still Be Here in 12 Months?
LOS ANGELES- Will the Hemp Beverage Category Still Be Here in 12 Months? That's not just a provocative question—it’s a quiet but growing concern across the hemp industry. After a explosive rise in popularity, hemp-derived THC ...
Major Corporations Lobby for Cannabis Banking Reforms
NEW YORK — An analysis of recent Congressional lobbying disclosures has unveiled that prominent corporations like Bank of America, Mastercard, and GlaxoSmithKline, among others, are now lobbying for cannabis banking reform. The spotlight has been ...
Ayr Wellness Dispensary in Las Vegas Joins Growing Trend of Cannabis Unionization
LAS VEGAS — Workers at a Las Vegas cannabis store, known as The Dispensary and operating under the Ayr Wellness brand, have elected to unionize with the United Food and Commercial Workers Union (UFCW) Local ...
FSD Pharma and Celly Nutrition Corp. Schedule Virtual Securityholders Meeting
TORONTO — FSD Pharma, a noted biopharmaceutical company, and its partner Celly Nutrition Corp. have jointly announced a virtual meeting for FSD Pharma's securityholders. Slated for November 20, 2023, at 1:00 p.m. Toronto time, this ...
House VA Subcommittee Postpones Historic Psychedelic-Assisted Therapy Hearing
LOS ANGELES- A groundbreaking hearing of the House VA’s subcommittee on Health, set to discuss the potential of psychedelic-assisted therapies in combating mental health disorders, has been postponed. The delay was attributed to the ongoing ...
Higher Collective Elevates Connecticut’s Cannabis Landscape with Equity Ventures
LOS ANGELES- Connecticut's budding cannabis sector witnessed a significant milestone earlier this month as Higher Collective, a venture committed to fostering inclusivity and equity in the industry, unveiled its debut dispensary in Killingly on October ...
PharmaDrug Announces Share Consolidation and Appoints New CFO
LOS ANGELES — PharmaDrug Inc, a pharmaceutical company, has made two significant announcements today. Firstly, it has detailed its upcoming share consolidation, and secondly, it has named a new Chief Financial Officer. Beginning October 24, ...
InterCure Responds to Israeli Security Crisis: Operations Impact and Company Commitment Highlighted
TEL AVIV — InterCure Ltd., operating as Canndoc, a medical cannabis firm in Israel and globally outside North America, today addressed the recent security situation in Israel and its repercussions on the company's operations ...
Tilray and Docklight Settle Dispute Over Bob Marley-Branded Cannabis Product Deal
LOS ANGELES- A legal battle between Tilray Brands Inc. and Docklight Brands concerning an agreement to market Bob Marley-branded cannabis products in Canada has come to a close. U.S. District Judge Tana Lin, located in ...
New York’s Legal Cannabis Sales Reach $83 Million in 2023
NEW YORK — Recreational cannabis sales in New York have hit the $83 million mark from the onset of 2023 through September 29, based on the latest preliminary data provided by the state's cannabis regulatory ...
Revive Therapeutics Partners with Canadian Defence Agency on Nerve Agent Treatment Research
TORONTO — Revive Therapeutics Ltd., a specialty life sciences firm dedicated to developing treatments for rare disorders and medical needs, announced today its collaboration with Defence R&D Canada – Suffield Research Centre (DRDC), an entity ...
Pharmaceutical Industry Faces Record-High Settlements Over a Decade, Report Shows
NEW YORK — A recent report has brought to light staggering numbers concerning financial settlements and penalties within the pharmaceutical sector. Published on Oct. 17 by ConsumerShield, the report reveals that over the past decade, ...
Cresco Labs Finalizes Sale of Arizona Operation and Secures Mortgage on New York Properties
CHICAGO — Cresco Labs Inc. has officially concluded the sale of its single licensed operation in Arizona to an affiliate of Mint Cannabis, marking another significant move in its strategic financial reshuffling. The sale, fetching ...
Germany Contemplates Cannabis Legalization Amid Mixed Responses
BERLIN — The German federal parliament is set to weigh in on a pivotal cannabis reform bill, marking a potential tectonic shift in the nation's stance on the plant. Championed by Chancellor Olaf Scholz, this ...
Psilocybin Shows Significant Potential in Mental Health Treatment, Study Reveals
LOS ANGELES- A groundbreaking study, recently published, has shed light on the profound implications of psilocybin use, especially in the realm of mental health. Demonstrating consistent reductions in depression, anxiety, and alcohol misuse, the research ...
Arizona Cannabis Sales Drop, But Annual Projection Remains Strong
LOS ANGELES-- Arizona's cannabis sales have experienced a significant downturn in 2023, with the lowest recorded sales in July. Nevertheless, annual projections for the state's cannabis market are optimistic and are still expected to parallel ...
Missouri-based Hwy35 Secures $22 Million Funding for Cannabis Facility in Minnesota
LOS ANGELES- As Minnesota joins the growing list of states legalizing adult-use cannabis, Missouri-based cannabis operator, Hwy35, is already laying down roots in the state with a significant $22 million funding boost from Minnesota state ...
Harvard University Embarks on Groundbreaking Study of Psychedelics
CAMBRIDGE- Harvard University, a name synonymous with academic excellence, is venturing into a new interdisciplinary field of study. The institution has announced the establishment of the Study of Psychedelics in Society and Culture, funded by ...
Canada Marks Five Years of Cannabis Legalization: A Look Back and Ahead
LOS ANGELES- October 17 marks a momentous occasion for Canada, as it celebrates the fifth anniversary of cannabis legalization, a pioneering move for an industrialized nation and one that has seen cannabis contributing roughly 0.5% ...
Cannabis and COVID-19: New Study Reveals Potential Benefits
LOS ANGELES- In the wake of the global pandemic, a novel study has shed light on the potential advantages of cannabis for those who contracted COVID-19. Published in the reputable CHEST Journal, the study suggests ...
Governor Gavin Newsom Faces a Crucial Decision on Psychedelic Decriminalization
LOS ANGELES- The movement to decriminalize psychedelics in California, a campaign spanning over six decades, stands at a pivotal juncture. SB58, the bill that seeks to decriminalize various natural psychedelics and pave the way for ...
Colombia Pivots Drug Policy Amid Global Changes
LOS ANGELES- In a bold move reflecting the changing landscape of the worldwide narcotics struggle, Colombia has introduced a fresh drug policy, signaling a significant departure from traditional enforcement-centered methods. President Gustavo Petro accentuated the ...
New York Extends Cannabis Licensing Application Deadline Amid Mounting Concerns and Legal Obstacles
NEW YORK- Amid a flood of applications and growing uncertainty from prospective cannabis entrepreneurs, New York’s Cannabis Control Board (CCB) has granted a two-week extension for cannabis business license applications. Originally slated to close on ...
Legal fights Surround Alabama’s Medical Cannabis Licensing Process
LOS ANGELES-The Alabama Medical Cannabis Commission (AMCC) finds itself amidst legal turbulence due to challenges related to its medical cannabis licensing process. Background: Verano Holdings Corp. recently took legal action against the AMCC, criticizing the ...
Maryland Judge Supports Hemp Producers Against Restrictive Licensing Scheme
LOS ANGELES-- In a significant ruling, a Maryland judge rejected a temporary restraining order against hemp producers, affirming that hemp products remained legal as per the provisions of the 2018 Farm Bill. The lawsuit was ...
Cybin and Small Pharma Seal the Deal with Shareholder Approval
LOS ANGELES-- In a recent development in the clinical-stage psychedelics sector, Canada's Cybin Inc. (CYBN) and the UK's Small Pharma Inc. (DMTTF) have made significant progress in their merger plans. Following their annual general and ...
