Legal Affairs
New York Senate Health Committee Advances Bill for Out-of-State Medical Cannabis Access
ALBANY – The New York State Senate Health Committee approved legislation that would recognize medical Cannabis certifications from other states, granting those patients access to New York dispensaries under specific conditions. The measure, Senate Bill ...
High Tide Reports Q1 2026 Financial Results
CALGARY - High Tide Inc. released its financial results for the first quarter ended January 31, 2026, underscoring steady progress in its Canadian stores and its expanding medical Cannabis distribution business in Germany. High Tide ...
Vireo Growth Reports Q4 2025 Financial Results
MINNEAPOLIS – Vireo Growth Inc. has released its financial performance for the period ended December 31, detailing how a series of completed mergers has reshaped its operations and set the stage for broader expansion in ...
Virginia Moves Closer to Cannabis Sales Launch
RICHMOND – Virginia's General Assembly moved forward with key Cannabis legislation, as committees approved measures to establish a regulated adult-use retail market and create a process for resentencing individuals convicted under older Cannabis laws. The ...
Former Navy SEAL Teams Up with THC-Infused Beverage Company
NEW YORK – Robert J. O'Neill, the retired Navy SEAL widely recognized for his role in the 2011 Operation Neptune Spear, has entered a partnership with hi Seltzer, a brand offering hemp-derived, THC-infused beverages with ...
Cannabis Tax Deduction Ban Bill Gains 15th Sponsor in Congress
WASHINGTON – A federal proposal to preserve strict tax restrictions on Cannabis businesses has picked up additional support in Congress. The bill that would block state-legal Cannabis businesses from claiming standard federal tax deductions, regardless ...
Lüt Partners with Frankenmuth Credit Union to Process Cannabis Payments in Michigan
FRANKENMUTH – Lüt, a fintech company focused on closed-loop digital payments in Cannabis, has entered a partnership with Frankenmuth Credit Union to broaden access to compliant, cashless transaction options for licensed Cannabis operators in Michigan. ...
New York Senate Health Committee Advances Bill for Out-of-State Medical Cannabis Access
ALBANY – The New York State Senate Health Committee approved legislation that would recognize medical Cannabis certifications from other states, granting those patients access to New York dispensaries under specific conditions. The measure, Senate Bill ...
High Tide Reports Q1 2026 Financial Results
CALGARY - High Tide Inc. released its financial results for the first quarter ended January 31, 2026, underscoring steady progress in its Canadian stores and its expanding medical Cannabis distribution business in Germany. High Tide ...
Vireo Growth Reports Q4 2025 Financial Results
MINNEAPOLIS – Vireo Growth Inc. has released its financial performance for the period ended December 31, detailing how a series of completed mergers has reshaped its operations and set the stage for broader expansion in ...
4Front Ventures Corp. Initiates Comprehensive Financial and Leadership Revamp
LOS ANGELES- In a pivotal development, 4Front Ventures Corp., a multi-state cannabis operator, has embarked on a transformative journey, reshaping its financial landscape and ushering in a new era of leadership. This strategic shift is ...
Incannex Healthcare Concludes Phase 2 Trial of Psilocybin Therapy for Anxiety Disorder, Awaiting FDA IND Application
LOS ANGELES- Incannex Healthcare Inc., a pharmaceutical company in the development of medicinal cannabinoid and psychedelic medicine therapies, has recently completed a significant milestone in its PsiGAD-1 clinical trial. This Phase 2 study, focused on ...
Week In Review: MedMen Exits California; Florida Cracks Down on Hemp; Maryland Supreme Court Sidesteps Hemp THC Case; U.K.’s Medical Cannabis Use Rises Amid ADHD Medication Shortage
LOS ANGELES–Welcome to the far too-exciting world of cannabis and psychedelics, where it’s earnings season with updates from some of the leading MSOs outlined below. Capital Markets: Positive Quarterly Earnings from Leading Cannabis Companies Amidst ...
Week In Review: Earnings Season; Verano Holdings Financial Highs & Lows in 2023; Trulieve Claims $113M Tax Refund; New Mexico Advances Psilocybin Research with Memorial Legislation
LOS ANGELES–Welcome to the far too-exciting world of cannabis and psychedelics, where it’s earnings season with updates from some of the leading MSOs outlined below. Capital Markets: Positive Quarterly Earnings from Leading Cannabis Companies Amidst ...
Week In Review: Germany Legalizes Cannabis in Limited Way; Numinus Wellness Secures $6 Million in Public Offering to Fuel Psychedelic-Assisted Therapy Initiatives: New York Cannabis Control Board Advances with Adult-Use Licenses and Research Initiatives: Illinois Takes Bold Step Towards Psilocybin Therapy Legalization with the CURE Act
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: Georgia Seeks $150 Million in Damages in Federal Lawsuit Against Cannabis Brands: U.S. Navy and Air Force Adapt Recruitment Policies to Reflect Societal Changes on Cannabis Use: Thailand’s Cannabis Industry Faces Major Shift with New Draft Law
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: Massachusetts Cannabis Sales Hit Record $1.56 Billion in 2023; Pennsylvania Governor Advocates for Legalization; Cybin Inc. Awarded Patents in Japan
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: Canopy Growth Secures US$35 Million in Private Placement; Germany Poised for Historic Cannabis Legalization; Psyence Biomedical Merges with Newcourt, California Retailer Prevails Over CDTFA
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: Ohio Cannabis Market Faces Challenges; New Jersey Moves Forward with Cannabis Consumption Lounges; NFL & University of Regina Partner in Groundbreaking CBD Study
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: Ontario’s New Store Cap Signals Retail Market Consolidation; FDA Endorses Historic Shift in Cannabis Classification to Schedule III; Belgium’s Drug Policy 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: Over 2.3 Million Cannabis Convictions Pardoned in U.S. Since 2018; West Virginia Eyes Cannabis Legalization in Fight Against Fentanyl Crisis ;VA to Explore Psychedelics for PTSD and Depression
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: Cannabis Stocks Rally; FinCen Compliance takes effect; 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, ...
Navigating the Financial Chaos: Cannabis Dispensaries Seek Stability Amidst Credit Card Upheaval
LOS ANGELES-In the fast-evolving landscape of the cannabis industry, the constant shutdowns of credit card payment platforms for dispensaries have become a recurring theme. This article delves into the intricacies of the issue, exploring the ...
Cannabis Businesses in America Face a Big Headache: FinCEN’s Corporate Transparency Act Has Arrived
LOS ANGELES- Enacted by Congress in 2021, the Corporate Transparency Act (CTA) went into effect on January 1, 2024 and affects more than 30 million American small businesses and many smaller foreign companies doing business ...
Challenges Persist in New York’s Transition to Legal Cannabis Market Amid Illicit Trade
NEW YORK- As New York's legal cannabis market surpasses its first year, significant challenges remain in curbing the state's rampant illicit cannabis trade. Despite efforts by the New York Office of Cannabis Management (OCM), the ...
Mississippi Health Officials Issue Retesting Order for Medical Cannabis Products
LOS ANGELES- In a significant move to ensure public safety, Mississippi health officials have mandated the retesting of approximately 70% of the medical cannabis products available in the state. This decision comes in response to ...
California Cannabis Retailer Sues State Agencies Over Alleged Unlawful Tax Collection Practices
LOS ANGELES- HNHPC Inc., part of Long Beach-based Catalyst Cannabis Co., has initiated legal action against several state agencies, including the primary tax collection bureau. The lawsuit, filed on December 28 in Orange County Superior ...
Lykos Therapeutics Secures Over $100 Million in Series A Financing
LOS ANGELES- Lykos Therapeutics, previously known as MAPS Public Benefit Corporation, has achieved a significant milestone in its journey to revolutionize mental healthcare. The company announced an oversubscribed Series A financing, raising over $100 million, ...
Missouri Legislature Addresses Cannabis Regulation and Law Enforcement Policies
LOS ANGELES— The 2024 legislative session in Missouri, convened in Jefferson City, has sparked significant discussions on cannabis regulation, with a particular focus on cannabinoid products and law enforcement practices. Senate Bill 984, championed by ...
Cybin Inc. Advances Psychedelic Therapy with Promising Phase 2 Results and Upcoming Trials
LOS ANGELES- Cybin Inc., a clinical-stage biopharmaceutical company at the forefront of psychedelic-based mental health treatments, recently announced encouraging results from its Phase 2 study of CYB003 for Major Depressive Disorder (MDD) and outlined key ...
AMA Introduces Psychedelic Therapy Codes Amidst FDA Review of Prescription MDMA
-LOS ANGELES The American Medical Association (AMA) has taken a significant step in the realm of psychedelic therapy by introducing specific codes for these treatments. This development aligns with the Food and Drug Administration's (FDA) ...
New Jersey Allocates Cannabis Tax Revenue to Community Health and Safety Initiatives
LOS ANGELES- In the evolving landscape of cannabis legalization, states across America are exploring innovative uses for the tax revenue generated from this burgeoning industry. New Jersey has emerged as a leader in this domain, ...
Silo Pharma Advances in Development of Ketamine-Loaded Implant for Chronic Pain Treatment
LOS ANGELES- In a significant step towards innovating chronic pain management, developmental-stage biopharmaceutical company Silo Pharma, Inc. (Nasdaq: SILO) has reported notable progress in the development of SP-26, a ketamine-loaded implant designed for home treatment ...
UFC Pioneers Change by Excluding Cannabis from Banned Substances List
LOS ANGELES- In a landmark decision that is set to reshape drug policies in professional sports, the Ultimate Fighting Championship (UFC) has removed cannabis from its list of banned substances. Announced in Las Vegas, Nevada, ...
New Mexico Achieves Record-Breaking Cannabis Sales in December
LOS ANGELES— New Mexico's cannabis market has set a new monthly sales record in December, with total sales surpassing $50.4 million, a significant milestone in the state's burgeoning legal cannabis industry. The latest figures released ...
