Legal Affairs
Michigan Senate Tightens Controls on Intoxicating Hemp Derivatives
LANSING – In a bipartisan push to close regulatory gaps, the Michigan Senate approved a package of bills that would classify most high-potency hemp-derived THC items as Cannabis, folding them into the state's established Cannabis ...
Trulieve Secures $140M in Senior Notes
TALLAHASSEE – Trulieve Cannabis Corp. wrapped up a $140 million private placement of 10.5% senior secured notes, tapping into robust investor appetite to fuel its operational push. The deal, upsized from initial plans, comes just ...
🚨🚨 BREAKING: TRUMP RESCHEDULES CANNABIS 🚨🚨
WASHINGTON, D.C. –After months of speculation, President Trump Issues Executive Order Directing Federal Rescheduling of Cannabis to Schedule III President Donald Trump has signed an executive order directing federal agencies to complete the rescheduling of ...
Fairfax Bank Retreats from Servicing Cannabis Businesses
FAIRFAX – MainStreet Bancshares Inc., a community lender with $2.2 billion in assets, has shelved its Cannabis banking program just eight months after unveiling it as a growth driver. The decision, disclosed by CEO Jeff ...
Stiiizy Halts Sales at Catalyst Outlets as Leadership Clash Deepens
LOS ANGELES – Stiiizy, California's dominant Cannabis brand with a footprint in Arizona, Michigan, and Nevada, has stopped supplying its products to Catalyst Cannabis Co. stores, marking a sharp break in what was once a ...
Arizona Funds Nation’s First Whole-Mushroom Psilocybin Trial Targeting PTSD in Veterans & First Responders
PHOENIX – State officials in Arizona have authorized and financed what amounts to the country's initial controlled study of whole psilocybin mushrooms as a treatment for post-traumatic stress disorder (PTSD) among police officers, firefighters, and ...
Bioxyne Reports Record Revenue, Yet Cash Outflows Climb on Expansion Push
SYDNEY – Bioxyne Limited, an Australian life sciences and wellness products company, posted its highest quarterly revenue on record for the period ended September 30, with sales reaching A$14.1 million, a 210% jump from the ...
Michigan Senate Tightens Controls on Intoxicating Hemp Derivatives
LANSING – In a bipartisan push to close regulatory gaps, the Michigan Senate approved a package of bills that would classify most high-potency hemp-derived THC items as Cannabis, folding them into the state's established Cannabis ...
Trulieve Secures $140M in Senior Notes
TALLAHASSEE – Trulieve Cannabis Corp. wrapped up a $140 million private placement of 10.5% senior secured notes, tapping into robust investor appetite to fuel its operational push. The deal, upsized from initial plans, comes just ...
🚨🚨 BREAKING: TRUMP RESCHEDULES CANNABIS 🚨🚨
WASHINGTON, D.C. –After months of speculation, President Trump Issues Executive Order Directing Federal Rescheduling of Cannabis to Schedule III President Donald Trump has signed an executive order directing federal agencies to complete the rescheduling of ...
MindMed Announces Promising Results from Phase 2b Trial of MM-120 for Generalized Anxiety Disorder
LOS ANGELES- Mind Medicine (MindMed) Inc, a biotech company focusing on psychedelic-inspired therapies, recently revealed encouraging topline results from its Phase 2b clinical trial of MM-120 (lysergide d-tartrate) in treating Generalized Anxiety Disorder (GAD). The ...
Sunstone Therapies Reports Breakthrough in Psilocybin-Assisted Therapy for Cancer Patients with Depression
LOS ANGELES- Sunstone Therapies, a organization in psychedelic-assisted therapy, recently announced notable findings from its phase 2 clinical trial, published in the journal Cancer. This trial marks a significant step in understanding the potential of ...
CSU’s Institute of Cannabis Research Invests $800,000 in Groundbreaking Studies
LOS ANGELES- The Institute of Cannabis Research (ICR) at Colorado State University (CSU), Pueblo, has announced a significant investment in cannabis research, earmarking $800,000 for six pioneering studies. This initiative, funded through the Colorado Marijuana ...
Federal Cannabis Legalization: A Path to $8.5 Billion in Tax Revenue
LOS ANGELES- In a groundbreaking analysis, the Tax Foundation, a Washington D.C.-based think tank renowned for its insights on taxation, has released a report that casts new light on the potential fiscal benefits of federal ...
Clearmind Medicine Inc. Regains Nasdaq Compliance with Enhanced Bid Price Stability
LOS ANGELES- Clearmind Medicine Inc. has recently achieved a significant financial milestone. The biotech company, known for its innovative approach in developing psychedelic-derived therapeutics, announced its regained compliance with Nasdaq's minimum bid price requirement. This ...
Colorado’s MED Prepares for Future of Cannabis Inventory Tracking
LOS ANGELES- The Colorado Marijuana Enforcement Division (MED) is at a pivotal juncture in its oversight of the state's cannabis industry. Since the legalization of recreational cannabis in 2012, the MED has played a crucial ...
Massachusetts Cannabis Control Commission Officials’ Suspension
LOS ANGELES- In a recent development that has sent ripples through Massachusetts' cannabis sector, the Massachusetts Cannabis Control Commission is grappling with internal instability following the suspension of two senior executives. This turmoil, underscoring potential ...
Algernon Pharmaceuticals Announces $150,000 Private Placement for Working Capital
LOS ANGELES- Algernon Pharmaceuticals Inc., a Canadian clinical stage pharmaceutical development company, has announced a non-brokered private placement aiming to raise $150,000. The offering comprises units priced at $0.075 each, with each unit consisting of ...
MindMed Announces Breakthrough in GAD Treatment with MM-120 in Clinical Trial
LOS ANGELES- Mind Medicine (MindMed) Inc., a clinical stage biopharmaceutical company, has reported promising results from its Phase 2b clinical trial of MM-120 (lysergide d-tartrate) in treating generalized anxiety disorder (GAD). The trial achieved its ...
Trulieve Alabama Recognized as Minority-Owned Business
LOS ANGELES- The Alabama Medical Cannabis Commission (AMCC) has recently taken a significant step forward in the development of the state's medical cannabis industry. In a pivotal move, the AMCC awarded integrated licenses to five ...
Cannabis Bioscience International Holdings (CBIH) Announces SEC Approval for Common Stock Sale
LOS ANGELES- Cannabis Bioscience International Holdings (CBIH), a prominent player in the cannabis bioscience sector, announced on Friday a significant milestone in its financial journey. The company's registration statement on Form S-1, under the Securities ...
Beckley Academy Strengthens Psychedelic Therapy Training Team with New Facilitators
LOS ANGELES- Beckley Academy, a prominent training organization specializing in the preparation of mental health professionals for psychedelic therapies, has announced the addition of two new facilitators to their team, Sara Gael Beauregard and Mary ...
New York’s Legal Cannabis Market Struggles Amidst Regulatory Challenges and Market Saturation
NEW YORK- New York's journey into the legal cannabis market has been fraught with challenges, marked by a series of setbacks including numerous lawsuits and regulatory hurdles. This tumultuous rollout has had a significant impact ...
Los Angeles Confronts Alarming Rise in Fentanyl-Related Fatal Overdoses
LOS ANGELES- In an alarming shift in the landscape of substance misuse, fentanyl has emerged as the leading cause of accidental overdose deaths in Los Angeles County, surpassing methamphetamine for the first time. According to ...
Week In Review: Oakland Tragedy Highlights Urgent Need for Federal Cannabis Policy Reform; Tennessee Hemp Industry Faces Setback from New Regs; AMA Introduces Psychedelic Therapy Codes In FDA Review of Prescription MDMA
LOS ANGELES–Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets: there’s innovation and progress in full swing in some parts of the country, while in other parts, ...
Week In Review: Colorado Voter Initiative Challenges Federal Law on Cannabis Users’ Gun Rights: MedMen Reduces Operations to Four States with Sale of Arizona and Nevada Assets: Biden’s Groundbreaking Pardons Signal a Paradigm Shift in Cannabis Policy and Justice Reform:
LOS ANGELES–Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets: there’s innovation and progress in full swing in some parts of the country, while in other parts, ...
Week In Review: FDA Submission of MDMA-Assisted Therapy Application Aims to Advance Mental Health; Ohio Senate Redirects Cannabis Tax Revenue; Trulieve Are a Minority-Owned Business?
LOS ANGELES–Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets: there’s innovation and progress in full swing in some parts of the country, while in other parts, ...
Arkansas’ Cannabis Revenues Generate Substantial Impact on Education and Community Welfare
LOS ANGELES- The newest review from the Arkansas Medical Marijuana Commission (AMMC) reveals the plan of the state's forward move to repurpose a sizeable sum of the revenue from the current upsurge of the state’s ...
PharmaDrug Inc. Advances Pharmaceutical Innovation with Strategic Acquisition of SecureDose Synthetics
NEW YORK-PharmaDrug Inc., a specialty pharmaceutical company, has recently provided a comprehensive update from CEO Robert Steen on their strategic acquisition of SecureDose Synthetics Inc. This move marks a significant step in PharmaDrug's ongoing efforts ...
Skymint’s Strategic Move Towards Long-term Viability Amidst Financial Struggles
LOS ANGELES- Skymint, a leading cannabis operator in Michigan, is facing significant operational changes as it shuts down its Harvest Park growing and processing plant in Dimondale, near Lansing. The closure, announced in an ...
Curaleaf’s Corporate Strategy for U.S. Unit
New York-based Curaleaf Holdings is embarking on a strategic reorganization of its U.S. subsidiary, Curaleaf USA. This move is part of the company's broader plan to list on the Toronto Stock Exchange, reflecting a significant ...
Japan’s Revision of Cannabis Drug Law
WORLD- In a historic move, Japan has taken significant steps toward reshaping its stance on cannabis, reflecting a nuanced approach to the burgeoning global interest in cannabis-derived pharmaceuticals and industrial hemp. The latest amendment to ...
Illinois Cannabis Retailers Hit Record Sales in November
LOS ANGELES- November marked a historic month for Illinois' adult-use cannabis retailers, as they achieved the highest single-month sales of legal cannabis since the opening of weed shops in January 2020. The Illinois Department of ...
MariMed Inc. Launches Cannabis Product Manufacturing in Illinois
LOS ANGELES- MariMed Inc., a cannabis company with a multi-state presence, has announced the commencement of its cannabis product manufacturing and processing activities at its new facility in Mt. Vernon, Illinois. The move, despite encountering ...
Arizona’s Cannabis Sales Show Signs of Stabilization
LOS ANGELES-Arizona's cannabis market, after experiencing a downturn over the summer, is showing signs of stabilization in the recent months, although overall sales for the year remain lower than expected. The state's cannabis industry has ...
