Legal Affairs
NY Regulators Delay Hearing in Bid for Settlement with Cannabis Dispensary Owners
NEW YORK – New York state Cannabis regulators have postponed a key hearing on a disputed proximity rule, aiming to negotiate a resolution with affected dispensary operators. The move comes after a lawsuit from business ...
Cannabis Stocks Rally but Remain Undervalued Relative to Peers, Viridian Report Finds
LOS ANGELES – U.S. Cannabis companies have posted impressive gains this year, yet their valuations still trail those of comparable industries, a new analysis from Viridian Capital Advisors indicates. The Weekly Chart by Viridian plots ...
Week In Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – Recent developments in the Cannabis and psychedelics sectors point to a period of cautious optimism, marked by stock gains, legal battles, and innovative expansions. From property value boosts tied to legalization to ...
Cannabis Real Estate Valuations Highlight Sector Dynamics
LOS ANGELES – A recent report from Viridian Capital Advisors sheds light on the valuations of four key players in the U.S. Cannabis real estate sector: Chicago Atlantic and AFC Gamma, the leading specialty lenders, ...
Germany Breaks Ground with EU’s First Psilocybin Compassionate Use Approval
BERLIN – Germany has become the first European Union nation to authorize the compassionate use of psilocybin, the psychoactive compound in magic mushrooms, for patients with treatment-resistant depression (TRD). Under this program, approved by the ...
Golden Gate Park Celebrates Grateful Dead’s Timeless Legacy at 60th Anniversary Show
SAN FRANCISCO – This weekend, August 1-3, Dead & Company will take the stage at Golden Gate Park’s Polo Fields for a monumental three-night concert series commemorating the Grateful Dead’s 60th anniversary. The event, expected ...
Analysis: The Quiet Revolution in U.S. Cannabis: Efficiency Is the New Growth Engine
LOS ANGELES — The U.S. Cannabis industry is evolving—but not in the way headlines suggest. Yes, national retail sales remain strong at a $32 billion annualized pace. And yes, states like New York and Ohio ...
NY Regulators Delay Hearing in Bid for Settlement with Cannabis Dispensary Owners
NEW YORK – New York state Cannabis regulators have postponed a key hearing on a disputed proximity rule, aiming to negotiate a resolution with affected dispensary operators. The move comes after a lawsuit from business ...
Cannabis Stocks Rally but Remain Undervalued Relative to Peers, Viridian Report Finds
LOS ANGELES – U.S. Cannabis companies have posted impressive gains this year, yet their valuations still trail those of comparable industries, a new analysis from Viridian Capital Advisors indicates. The Weekly Chart by Viridian plots ...
Week In Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – Recent developments in the Cannabis and psychedelics sectors point to a period of cautious optimism, marked by stock gains, legal battles, and innovative expansions. From property value boosts tied to legalization to ...
PharmaTher Holdings Pursues Ketamine-Based Medical Product, Eyes Global Market After FDA Nod
LOS ANGELES- In a recent development marking a leap in the medical application of ketamine, PharmaTher Holdings announced that the U.S. Food and Drug Administration (FDA) accepted the Abbreviated New Drug Application (ANDA) for its ...
Oregon’s Drug Decriminalization Controversy: A Look at the Ongoing Debate
LOS ANGELES- In a turn of events, Oregon faces a renewed battle over its drug policies, following the 2020 voter-approved Measure 110 that decriminalized the possession of drugs. Two petitions circulating in the state aim ...
The Startling Discrepancy: Maine’s Cannabis Testing Reveals A Concerning Trend
LOS ANGELES- In an alarming revelation, a study from Nova Analytic Labs based in Portland, Maine, underscores the lurking dangers in the state's medical cannabis program. The findings reveal a staggering discrepancy between contamination rates ...
The Silent Company Killer: How Distraction Undermines Cannabis Businesses (and Why Focus is Key)
LOS ANGELES- In the ever-evolving landscape of the cannabis industry, staying on the path to success can be a daunting challenge. Cannabis entrepreneurs and operators face myriad hurdles, from shifting regulations to fierce competition. However, ...
The Silent Company Killer: How Distraction Undermines Cannabis Businesses (and Why Focus is Key)
LOS ANGELES- In the ever-evolving landscape of the cannabis industry, staying on the path to success can be a daunting challenge. Cannabis entrepreneurs and operators face myriad hurdles, from shifting regulations to fierce competition. However, ...
When Cost Savings Are a False Economy for Hard-Pressed Cannabis Operators
LOS ANGELES-In the fast-evolving cannabis industry, operators are constantly seeking ways to stay competitive and maximize profits. Amidst the pressure to cut costs and increase efficiency, it's easy for cannabis operators to fall into the ...
Banks Surge Toward Cannabis Businesses Anticipating Federal Regulatory Shifts
LOS ANGELES- The US Department of Treasury is witnessing an unprecedented surge in requests from banking institutions eager to engage with cannabis businesses, according to data from the Financial Crimes Enforcement Network (FinCEN). This rush ...
Navigating the Green Wave: Key Considerations for Cannabis Operators in Company-Wide Restructuring
LOS ANGELES- The cannabis industry has experienced unprecedented growth and transformation in recent years, driven by changing regulations and shifting consumer attitudes. As the market matures, cannabis operators are increasingly looking to streamline operations, improve ...
Aeroponic Techniques Set to Transform Cannabis Cultivation
LOS ANGELES- In an industry marked by its ever-shifting cultivation practices, Eden Grow Systems is leading the charge with its innovative aeroponic cannabis cultivation techniques. Unlike the conventional practices which rely heavily on soil or ...
Congress Considers Bill to Limit Federal Overreach in Psilocybin-Permitting States
WASHINGTON — Congress is set to discuss a newly introduced bill aiming to curb federal intervention in states and localities where psilocybin mushrooms have been legalized or decriminalized. The bill, termed the Validating Independence for ...
Cybin Inc. Advances in Psilocybin Research with Completion of Phase 2 Study Enrollment
LOS ANGELES- Cybin Inc. (CYBN) announced the successful enrollment completion in its Phase 2 study of CYB003, a novel deuterated psilocybin analog, which is being assessed for potential treatment benefits in Major Depressive Disorder (MDD). ...
The Netherlands Sets December Launch for Cannabis Pilot Program in Breda and Tilburg
AMSTERDAM — The Netherlands has designated December 15 as the inception date for its highly anticipated cannabis pilot program, set to commence in the cities of Breda and Tilburg. This experiment, previously slated to begin ...
The Promise of Psychedelic Therapies for Seniors: More than Just a Trip Down Memory Lane
LOS ANGELES- The intersection of aging and mental health has always been a focal point for researchers. With a burgeoning elderly population, the emphasis on promoting healthy aging has never been more critical. Enter psychedelic ...
Republican Lawmakers Urge DEA to Retain Cannabis as Schedule I Substance
LOS ANGELES- In a formal communication to Anne Milgram, Administrator of the Drug Enforcement Administration (DEA), a group of 14 Republican lawmakers has voiced their concerns against a recommendation by the Department of Health and ...
California Governor Gavin Newsom to Decide on 17 Cannabis and Psychedelic Bills
SACRAMENTO, — As the California State Legislature session drew to a close on September 14, Governor Gavin Newsom received over 17 bills related to cannabis or psychedelics, all waiting for his potential signature. These bills ...
Kentucky Commission Ponders Ibogaine as a Potential Treatment for Opioid Addiction
LEXINGTON. — In an effort to tackle the persistent issue of opioid addiction, the Kentucky Opioid Abatement Advisory Commission is exploring the potential of ibogaine, a naturally occurring psychedelic. During a recent session, the commission ...
Filament Health Subsidiary, Psilo Scientific, Acquires Coca Leaves for Neuropsychiatric Research
VANCOUVER, — Magdalena Biosciences, in collaboration with Filament Health and Jaguar Health Inc., has imported coca leaves into Filament's research facility located in Vancouver. The acquisition, facilitated under the authorization of the Peruvian Health Authority, ...
Wyoming Considers Banning Hemp-Derived THC Products for Human Consumption
CHEYENNE. — A draft bill recently introduced in Wyoming is proposing to ban products derived from hemp that contain detectable amounts of tetrahydrocannabinol (THC), the psychoactive component typically found in cannabis. This initiative, if enacted, ...
FARRIS FORWARD: Cannabis operators: How to forge ahead in uncertain times with confidence!
FARRIS FORWARD: Welcome to Farris Forward, a new series of articles curated by Jon Farris and distributed by Highly Capitalized. The series highlights the insights and strategies being deployed by industry insiders and experts, offering ...
Enveric Biosciences Attains Landmark US Patent for Psilocybin-Derived Mental Health Treatments
LOS ANGELES- In a significant stride towards revolutionizing treatments for mental health disorders, Enveric Biosciences disclosed that it has secured a pivotal patent from the United States Patent and Trademark Office. Granted on September 12, ...
A Glance at Denmark’s Cannabis Destruction Data: Implications for the Medical Pilot Program
COPENHAGEN- Reporting from MJBizDaily shows tat Denmark destroyed 100 tonnes of cannabis, the article went on to describe how Denmark has a cannabis industry, recent data released by the Danish Parliament’s Health Committee has brought ...
Rapid Therapeutic Science Laboratories Faces SEC Lawsuit Over Alleged Fraudulent Activities
LOS ANGELES- In a significant development in the business world, the U.S. Securities and Exchange Commission (SEC) has brought charges against Texas-based Rapid Therapeutic Science Laboratories Inc. and its founder, Donal Schmidt Jr., accusing them ...
Bipartisan Efforts Surge to Reform Federal Cannabis Regulations and Enhance Industry Safety
LOS ANGELES-- In a significant bipartisan move, the House of Representatives Oversight and Accountability Committee advanced the Cannabis Users’ Restoration of Eligibility (CURE) Act, a pivotal piece of legislation seeking to modify federal employment guidelines ...
FARRIS FORWARD: Surviving a Down Market: 7 Tips for Cannabis Operators
FARRIS FORWARD: Welcome to Farris Forward, a new series of articles curated by Jon Farris and distributed by Highly Capitalized. The series highlights the insights and strategies being deployed by industry insiders and experts, offering ...
California Moves to Broaden Cannabis Consumer Rights with New Bills
LOS ANGELES- California lawmakers are moving forward with legislation aimed at enhancing the rights of cannabis consumers. Two significant bills have advanced to Governor Gavin Newsom's desk, which could potentially alter the current state of ...
