Legal Affairs
Pallas Capital Advisors LLC Increases Investment in Tilray Inc.
LOS ANGELES- Pallas Capital Advisors LLC has significantly increased its investment in Tilray Inc, a company in the cannabis industry. According to the firm's latest 13F filing with the Securities and Exchange Commission, Pallas Capital ...
Ascend Wellness Secures $15 Million in Private Placement to Bolster Growth Initiatives
LOS ANGELES- Ascend Wellness Holdings, Inc. a multi-state, vertically integrated cannabis operator, has successfully completed a $15 million private placement of its 12.75% Senior Secured Notes due 2029. These notes were issued at 97% of ...
President Trump’s Role in Cannabis Rescheduling and Federal Reform
LOS ANGELES- President Donald Trump is poised to significantly influence the trajectory of federal cannabis policy, particularly concerning the rescheduling of marijuana under the Controlled Substances Act (CSA). The rescheduling process, initiated under the previous ...
Analysis: Pennsylvania’s Cannabis Industry: Current Growth and Future Projections
NEW YORK- The cannabis industry in Pennsylvania continues to evolve, with medical cannabis already generating over $1.5 billion in annual sales. Discussions about recreational legalization are intensifying, particularly as the state's budget deficit grows and ...
Arkansas Governor Proposes Funding Free School Meals with Medical Cannabis Tax Revenue
LOS ANGELES- Arkansas Governor Sarah Huckabee Sanders has announced plans to allocate tax revenue from medical cannabis sales to fund free school meals across the state. In her State of the State address, Governor Sanders ...
Vireo Growth Completes $81 Million Equity Offering
LOS ANGELES- Vireo Growth Inc., a Minneapolis-based cannabis multistate operator, has successfully concluded an oversubscribed private placement, raising approximately $81 million. Initially targeting $75 million, the company issued 129,536,874 subordinate voting shares at $0.625 per ...
Biden Commutes Sentences of Nearly 2,500 Nonviolent Drug Offenders
LOS ANGELES- President Joe Biden has commuted the sentences of approximately 2,500 individuals convicted of nonviolent drug offenses, marking a significant use of executive clemency. This action aims to address past disparities in drug-related sentencing, ...
Pallas Capital Advisors LLC Increases Investment in Tilray Inc.
LOS ANGELES- Pallas Capital Advisors LLC has significantly increased its investment in Tilray Inc, a company in the cannabis industry. According to the firm's latest 13F filing with the Securities and Exchange Commission, Pallas Capital ...
Ascend Wellness Secures $15 Million in Private Placement to Bolster Growth Initiatives
LOS ANGELES- Ascend Wellness Holdings, Inc. a multi-state, vertically integrated cannabis operator, has successfully completed a $15 million private placement of its 12.75% Senior Secured Notes due 2029. These notes were issued at 97% of ...
President Trump’s Role in Cannabis Rescheduling and Federal Reform
LOS ANGELES- President Donald Trump is poised to significantly influence the trajectory of federal cannabis policy, particularly concerning the rescheduling of marijuana under the Controlled Substances Act (CSA). The rescheduling process, initiated under the previous ...
Verano Reports Steady Q2 Earnings
LOS ANGELES- Verano Holdings Corp., a major multi-state cannabis operator in the U.S., reported its Q2 earnings on August 7th. The company met analysts' expectations with an EPS of ($0.05), showing a decline with negative ...
Key States to Decide Cannabis Legalization in 2024
LOS ANGELES- In November 2024, voters in four states—Florida, Nebraska, North Dakota, and South Dakota—will decide on significant cannabis ballot measures. Florida, the most populous among them, aims to transition from a medical-only market to ...
From Progress to Plateau: Democrats’ Shifting Gains on Cannabis Reform
LOS ANGELES- The Biden administration has a significant record on cannabis reform, characterized by policy shifts that have altered federal attitudes toward legalization. President Biden's notable moves include an October 2022 executive action urging agencies ...
Planet 13 Launches Initiative to Support Florida Veterans and First Responders with Medical Cannabis Access
LOS ANGELES- Planet 13 Holdings Inc., a multi-state cannabis company, recently launched the "Healing Heroes" initiative in Florida to support veterans and first responders. This program, active from November 1 to 14, 2024, aims to ...
Nebraska’s 2nd Congressional District Becomes Key Battleground in 2024 Presidential and Senate Races
LOS ANGELES- Nebraska's unique role in the 2024 presidential election lies in its allocation of Electoral College votes. Unlike most states, Nebraska, alongside Maine, uses a split system where two votes are awarded to the ...
DeSantis Uses Opioid Settlement Funds for Anti-Cannabis Ads Ahead of Ballot Initiative
LOS ANGELES- Florida Governor Ron DeSantis' administration has drawn attention for using opioid settlement funds to finance an anti-cannabis campaign. The Florida Department of Children and Families reportedly allocated $4 million for advertisements discouraging cannabis ...
Arizona to Launch Recreational Cannabis Home Delivery
LOS ANGELES- Starting November 2024, Arizona will permit home delivery for recreational cannabis, marking a significant shift in state policy. The Arizona Department of Health Services has approved this expansion, previously limited to medical cannabis ...
Cannabis Means Business — a Bold New Vision for CWCBExpo
NEW YORK (New York)-- Cannabis Means Business (CMB) is a new vision for the show previously run as CWCBExpo. This evolution is a significant shift in the landscape of cannabis industry events and reflects the ...
AICPA Calls for IRS Guidance on Cannabis Tax Policy Amid Potential Rescheduling
LOS ANGELES- The American Institute of Certified Public Accountants (AICPA) is calling on the IRS and Treasury Department to provide updated guidance on tax policy for cannabis businesses in light of a potential rescheduling of ...
Green Dragon and Eaze to Close Operations Amid Financial Challenges and Industry Downturn
LOS ANGELES- Green Dragon, a multi-state cannabis operator with facilities in Colorado and Florida, is set to cease operations by the end of 2024. This move will affect all 17 of its dispensaries in Colorado ...
NCIA Among Speakers Approved for DEA’s Landmark Cannabis Rescheduling Hearing in December
LOS ANGELES-The Drug Enforcement Administration (DEA) is preparing for its cannabis rescheduling hearing set for December 2 by selecting speakers to participate. Several organizations, including the National Cannabis Industry Association (NCIA), have received approval to ...
U.S. Cannabis Market Growth Reaches $50 Billion as Industry Grapples with Worker Unionization Efforts
LOS ANGELES- The U.S. cannabis market is on track for substantial growth, with projections indicating retail sales could exceed $50 billion annually within the next several years. In 2023, combined medical and recreational cannabis sales ...
New Report Highlights Key Insights and Challenges in U.S. Alzheimer’s Patient Experience
LOS ANGELES- A new report from ResearchAndMarkets.com, "Alzheimer's Disease in the United States: Understanding the Alzheimer's Patient Experience," provides a data-driven view of the experiences of nearly 7 million Americans living with Alzheimer's. The report, ...
Did You Know… Cannabis Was Once a Legal Cross-Border Import?
LOS ANGELES- A hundred years ago, the U.S. government held a different view on cannabis, or Cannabis sativa L. Known then as “marihuana,” it was also called hemp, Mary Jane, and Mary Warner, among other names. ...
Trulieve Throws the Kitchen Sink at Adult-Use Cannabis in Florida
MIAMI — (HCN) As Florida’s November 5th election approaches, Trulieve, a dominant force in the state’s medical cannabis market, is making an unprecedented push to legalize adult-use cannabis. With a jaw-dropping $141 million contribution to ...
Industrial Hemp Market Poised for Growth, Projected to Reach $25 Billion by 2032
LOS ANGELES-The industrial hemp market is projected to grow substantially, with a forecasted compound annual growth rate (CAGR) of 17.29% through 2032, reaching an estimated value of $25.33 billion. This growth is primarily driven by ...
Massachusetts Ballot to Decide on Psychedelics Legalization in November
LOS ANGELES- Massachusetts voters are set to decide on a significant measure this November with Question 4, a ballot initiative to legalize certain plant-based psychedelics, including psilocybin, mescaline, and dimethyltryptamine (DMT). If approved, Massachusetts would ...
France: The Investment Landscape of the Medical Cannabis Sector
PARIS — Encouraged by the advances of Germany, the investment climate in France's medical cannabis industry is evolving on a promising trajectory, marked by a transition from a history of strict prohibition and stigma to ...
Cannabis Opportunities in Germany: Positive Outlook for Investment and Innovation
BERLIN — The investment climate in Germany's cannabis market is poised for significant expansion, driven by the global cannabis legalization movement, ongoing regulatory changes, and mounting community and market demand. As the country embraces a ...
European Cannabis Update: Embracing the Growing Dutch Medical Cannabis Market
EUROPE — As a pioneer in the recognition and regulation of the medical use of cannabis, the Netherlands has emerged as a prominent hub for cannabis investment, driven by a combination of progressive policies, established ...
Shared Liability in Cannabis: A Smarter Approach to Managing Employee Compliance with Paylient
LOS ANGELES — As the cannabis industry continues to grow, so do the challenges that come with managing employees within a highly regulated environment. From payroll and benefits to labor compliance and HR management, cannabis ...
The Rise of the Clean Label Movement in Cannabis
LOS ANGELES — Consumer preferences in the cannabis market are evolving toward healthier and more transparent products. By 2024, the global cannabis market is projected to reach $57 billion, driven largely by the increasing legalization ...
U.S. States Prepare for Key Cannabis Ballot Measures in November
LOS ANGELES- Voters in several U.S. states will soon weigh in on significant cannabis-related ballot initiatives, potentially leading to broader legalization nationwide. On November 5, 2024, Florida, North Dakota, South Dakota, Nebraska, Arkansas, and Oregon ...
Criticism Mounts Over New York’s Social Equity Cannabis Fund for High Costs and Limited Impact
LOS ANGELES- New York’s Social Equity Cannabis Investment Fund, a public-private initiative launched to support individuals disproportionately affected by cannabis prohibition, has faced growing criticism over its high operating costs and limited results. Since its ...
Delaware Awards First Cannabis Cultivation and Manufacturing Licenses in Initial Lottery
LOS ANGELES- Delaware has initiated its adult-use cannabis licensing process, awarding the first cultivation and manufacturing permits through a lottery held on October 24, 2024. This inaugural lottery, organized by the Office of the Marijuana ...
