Legal Affairs
Village Farms International Granted 180-Day Extension to Meet NASDAQ
LOS ANGELES- Village Farms International Inc.has received a 180-day extension from The Nasdaq Stock Market LLC to regain compliance with the exchange's minimum bid price requirement. This extension follows the expiration of the initial compliance ...
Bipartisan Legislation Proposes Framework for Federal Cannabis Legalization
LOS ANGELES- In a significant move towards federal cannabis reform, a bipartisan group of U.S. lawmakers has reintroduced the Preparing Regulators Effectively for a Post-Prohibition Adult-Use Regulated Environment (PREPARE) Act. The legislation aims to establish ...
Greewave Advisors Analysis: Cannabis Companies & Cash Flow – Size Matters
Over the past 6 years (2019-2024), the Tier 1 Multistate Operators (MSOs) have generated $2.3B in Cash Flow from Operations (CFO); Assuming all unpaid 280E related tax liabilities are satisfied this amount is $1.3 Billion. ...
Massachusetts Cannabis Sales Surpass $8 Billion
LOS ANGELES- Massachusetts' legal cannabis industry has achieved significant milestones since the commencement of adult-use sales in November 2018. As of December 2024, adult-use marijuana establishments have reported cumulative gross sales exceeding $7 billion. When ...
Colombian President Renews Call for Cannabis Legalization
LOS ANGELES-Colombian President Gustavo Petro has called on Congress to legalize cannabis cultivation as part of an effort to reduce the violence associated with drug trafficking in the country. Petro argues that the prohibition of ...
Nebraska Lawmakers Deliberate Implementation of Voter-Approved Medical Cannabis Measures
LOS ANGELES- Following the November 2024 approval of Initiatives 437 and 438, which legalized medical cannabis in Nebraska, state legislators are now working to establish a regulatory framework to implement these measures. The approved initiatives ...
Denver Moves Toward Licensing Psychedelic Wellness Centers and Social Clubs
LOS ANGELES- Denver's Department of Excise and Licenses has proposed regulations to oversee psilocybin-based wellness facilities, including yoga studios and social clubs, following Colorado's 2022 voter-approved measure legalizing natural medicines like psilocybin. The proposed regulations ...
Village Farms International Granted 180-Day Extension to Meet NASDAQ
LOS ANGELES- Village Farms International Inc.has received a 180-day extension from The Nasdaq Stock Market LLC to regain compliance with the exchange's minimum bid price requirement. This extension follows the expiration of the initial compliance ...
Bipartisan Legislation Proposes Framework for Federal Cannabis Legalization
LOS ANGELES- In a significant move towards federal cannabis reform, a bipartisan group of U.S. lawmakers has reintroduced the Preparing Regulators Effectively for a Post-Prohibition Adult-Use Regulated Environment (PREPARE) Act. The legislation aims to establish ...
Greewave Advisors Analysis: Cannabis Companies & Cash Flow – Size Matters
Over the past 6 years (2019-2024), the Tier 1 Multistate Operators (MSOs) have generated $2.3B in Cash Flow from Operations (CFO); Assuming all unpaid 280E related tax liabilities are satisfied this amount is $1.3 Billion. ...
Uncomfortably High: Many Cannabis Labels Found Inflating THC Levels
LOS ANGELES--Legal cannabis products sold in the United States are required by law to report their THC potency, or the percentage of tetrahydrocannabinol by dry weight, on the packaging. However, concerns have been raised about ...
Neptune Wellness Solutions Announces Pricing of Public Offering to Raise $4 Million for Expansion and Acquisitions
Neptune Wellness Solutions Inc., a company specializing in plant-based and sustainable lifestyle brands, has announced the pricing of its public offering, which aims to raise approximately US$4 million. The offering consists of 12,121,212 common shares ...
New York Unveils Revised Cannabis Regulations, Opening Doors to Recreational Market and Consumption Sites
NEW YORK New York's highly anticipated revised cannabis industry regulations were released on Wednesday by the Office of Cannabis Management, sparking excitement among stakeholders who promptly began analyzing the document for significant changes. The new ...
Rainbow Realty Group and Co-Lenders Close Senior Mortgage for High-End California Cannabis Cultivator Property
Rainbow Realty Group II, LLC has announced the closing of a senior mortgage secured by a state-of-the-art cannabis cultivation property in Santa Ana, California. The senior mortgage was issued in collaboration with Sweet Leaf Madison ...
Ascend Wellness Holdings Appoints John Hartmann as CEO, Prepares for Next Growth Phase
LOS ANGELES-- Ascend Wellness Holdings, Inc., a multi-state, vertically integrated cannabis operator dedicated to improving lives through cannabis, has announced the appointment of John Hartmann as the new Chief Executive Officer, effective May 15th. As ...
Surging Global Medical Cannabis Market Fueled by Growing Awareness and Legalization Trends, Forecast to 2030
The global medical cannabis market has witnessed remarkable growth, with its valuation reaching USD $9,882.21 million in 2022, and is anticipated to soar to USD $53,886.43 million by 2030, registering a CAGR of 23.61%. Cannabis, ...
Washington State Boosts Diversity in Cannabis Industry with Social Equity Licensing Initiative
WASHINGTON-- In a progressive move to foster diversity within Washington's cannabis sector, Governor Jay Inslee approved a law amendment on Monday, enabling the state's Liquor and Cannabis Board (LCB) to assign 46 forfeited or unutilized ...
Cannabis Operators Suffer Under Heavy Tax Burden, According to Impact Analysis by Whitney Economics
LOS ANGELES-- Cannabis operators are facing a significant hurdle in the form of federal tax provision 280E, which penalizes traffickers of Schedule I or II drugs by disallowing the deduction of "ordinary and necessary" business ...
Fizzy THC Launches Dissolvable Cannabis Tablets for Infusing Beverages
Fizzy THC, a provider of innovative cannabis products, has announced the launch of its flagship product, the Fizzy THC Dissolvable Beverage Tablets. The tablets allow cannabis consumers to infuse their favorite beverages with low doses ...
Curaleaf Holdings Announces Executive Management Participation in Investor Conferences
LOS ANGELES-- Curaleaf Holdings, Inc., a global provider of cannabis consumer products, announced on Thursday that members of its executive management team will be participating in two investor community conferences in May 2023. On May ...
Green Thumb Industries Workers Win 50% Wage Increase After 13-Day Strike
LOS ANGELES-- Green Thumb Industries (GTI) has finally put an end to a 13-day-long strike by workers at two of its Illinois facilities, Rise Cannabis shops in Joliet and Niles. The International Brotherhood of Teamsters ...
Florida Lawmakers Pass Hemp Regulation Bill Without THC Caps
TALLAHASSEE--Florida lawmakers have passed a revised bill, SB 1676, that introduces child safety regulations and curbs attractive marketing of hemp products to individuals under 21 years. The bill mandates penalties for “mislabeling” or designing packaging ...
Weizmann Institute Scientists Make Revolutionary Discovery in Cannabinoid Biosynthesis
TEL AVIV-- In a groundbreaking study published in the prestigious scientific journal Nature Plants, Weizmann Institute scientists have uncovered a new way to produce cannabinoids using the Helichrysum umbraculigerum plant. Led by Dr. Shirley (Paula) ...
Florida Passes Hemp Regulations With Zero THC Caps, Heads to DeSantis’ Desk
TALLAHASSEE, Fla. — In a major win for hemp farmers and CBD product manufacturers, the Florida Senate has passed a bill that eliminates THC caps on hemp. The legislation, which was approved on Monday, will ...
Florida Hemp Bill Passes With No Limits on THC Levels
TALLAHASSEE, Fla. — In a major win for hemp farmers and CBD product manufacturers, the Florida Senate has passed a bill that eliminates THC caps on hemp. The legislation, which was approved on Monday, will ...
The Michigan Cannabis Regulatory Agency Establishes State-Run Testing Lab
LOS ANGELES-- The Michigan Cannabis Regulatory Agency (CRA) is taking steps to build trust in the state's cannabis industry by establishing a new state-run testing lab. The agency hopes that the lab will enable it ...
Terrapin Care Station Abandons New York Production Facility Plans Due to Delayed Market Launch
LOS ANGELES-- Colorado-based cannabis company Terrapin Care Station has decided to abandon its plans for a production facility in the town of Auburn, New York. The decision was reportedly made due to delays in the ...
Union Vows to Fight to Ensure Pay Increases Made Permanent
JOLIET, Ill.– A 13-day Unfair Labor Practice (ULP) strike led by Teamsters Local 777 members at two Rise Cannabis dispensaries in Joliet, Ill. and one in Niles, Ill. has forced the parent company, Green Thumb ...
Survey: Patients Frequently Report Using Cannabis to Combat Sleep Disorders
SYDNEY, Australia-–Cannabis is increasingly being consumed by patients to treat sleep-related issues, particularly insomnia, according to survey data published in the journal Nature and Science of Sleep. Researchers affiliated with the University of Sydney surveyed ...
More Studies Link Cannabis Use to Greater Levels of Exercise
LOS ANGELES-As more states legalize cannabis, research continues to shed light on the various ways people are incorporating the plant into their daily routines. A recent study found that cannabis is increasingly being used to ...
California’s Garden Society Announces Two-Fold Partnership with Kiva Confections and Kiva Sales and Service
LOS ANGELES-- California-based women-owned cannabis company, Garden Society, has recently announced a two-fold partnership with Kiva Confections and Kiva Sales and Service (KSS), a leader in the cannabis industry. In a bid to expand their ...
Willow Industries Launches Willow Scientific, a New Microbial Consulting Service Suite for the Cannabis Industry
LOS ANGELES-- Willow Industries, a company specializing in cannabis kill-step and decontamination technology, has announced the launch of Willow Scientific, a new tiered suite of microbial consulting services designed to address and solve contamination at ...
Glass House Brands Announces First Quarter 2023 Financial Results Release and Investor Conference Details
LOS ANGELES-- Glass House Brands Inc a vertically-integrated cannabis company in the United States, announced on Monday that it will release its financial results for the first quarter ended March 31, 2023, on Monday, May ...
Multi-State Cannabis Operator Ascend Wellness Holdings Expands to Maryland with Acquisition of Four Dispensaries
LOS ANGELES-- Oregon Secretary of State Shemia Fagan announced on Monday that she has terminated her consulting deal with a cannabis company, Veriede Holdings LLC, after the arrangement was discovered during an audit of the ...
New Research: Terpenes in Cannabis Modulate Interaction Between THC and Its Endogenous Receptor
TEL AVIV, Israel --A new study published in the journal Biochemical Pharmacology has found that terpenes found in the cannabis plant may play a more important role than THC in enhancing the plant's effects. The ...
