Legal Affairs
ANALYSIS : The Looming End of Unregulated Hemp-Derived Intoxicants
LOS ANGELES- July 21, 2025 The hemp-derived THC loophole may be living on borrowed time. Over the past year, the unregulated market for intoxicating hemp-derived cannabinoids—most notably delta-8 and delta-10 THC—has come under increasing legal ...
Psychedelic Retreats Offer Mental Health Breakthrough for Military Veterans
LOS ANGELES- A growing body of evidence is challenging how we treat combat-related trauma—and this time, it’s not coming from a VA clinic, but from jungle retreats in Peru and quiet mushroom ceremonies in Jamaica. ...
Rep. Salud Carbajal Responds to DHS Claims After ICE Raid at Cannabis Farm
LOS ANGELES- U.S. Representative Salud Carbajal (D‑CA‑24) is facing criticism following a July 10 ICE raid at two Glass House Farms cannabis cultivation sites in Carpinteria and Camarillo, California. The Department of Homeland Security (DHS) ...
ProStar SEO Identifies Key Google Ranking Factors for Cannabis Businesses
LOS ANGELES- ProStar SEO, a Canadian firm specializing in search engine optimization, has released new insights identifying the most influential Google ranking factors specific to cannabis industry websites. The report, based on a large-scale analysis ...
Michigan Cannabis Retailer to Pay $205K in Settlement Over Workers’ Lost Tips
LOS ANGELES— Federal Judge Matthew Leitman has approved a $205,000 settlement in a lawsuit filed by employees of Timber Cannabis, a seven-location cannabis dispensary chain in Michigan. The lawsuit alleged that management appropriated tips left ...
Malaysia Weighs Cannabis Vaporizer Manufacturing for Export
LOS ANGELES— Malaysia’s Cabinet is set to decide whether to permit the manufacturing of cannabis vaporizer hardware for export, as Health Minister Datuk Seri Dr. Dzulkefly Ahmad confirmed following a multi-agency review. The proposal centers ...
North Carolina Governor Establishes Cannabis Advisory Council Amid Unregulated THC Market
LOS ANGELES- North Carolina Governor Josh Stein has issued an executive order forming a 24–30 member North Carolina Advisory Council on Cannabis to develop policy recommendations aimed at regulating cannabis products and formalizing legalization strategies, ...
ANALYSIS : The Looming End of Unregulated Hemp-Derived Intoxicants
LOS ANGELES- July 21, 2025 The hemp-derived THC loophole may be living on borrowed time. Over the past year, the unregulated market for intoxicating hemp-derived cannabinoids—most notably delta-8 and delta-10 THC—has come under increasing legal ...
Psychedelic Retreats Offer Mental Health Breakthrough for Military Veterans
LOS ANGELES- A growing body of evidence is challenging how we treat combat-related trauma—and this time, it’s not coming from a VA clinic, but from jungle retreats in Peru and quiet mushroom ceremonies in Jamaica. ...
Rep. Salud Carbajal Responds to DHS Claims After ICE Raid at Cannabis Farm
LOS ANGELES- U.S. Representative Salud Carbajal (D‑CA‑24) is facing criticism following a July 10 ICE raid at two Glass House Farms cannabis cultivation sites in Carpinteria and Camarillo, California. The Department of Homeland Security (DHS) ...
California Cannabis Distribution Giant Herbl Faces Legal Battle as Industry Struggles with Financial Squeeze
LOS ANGELES -California-based cannabis distribution giant Herbl is embroiled in a legal dispute as it seeks to recover approximately $10 million in unpaid debts from retailers. The company, which fell into receivership in June, has ...
BZAM Ltd and Lender Amend Credit Agreement in Response to Recent Divestiture
TORONTO-- BZAM Ltd., a Canadian cannabis producer, has successfully completed the divestiture of Galaxie Brands Corporation, according to a share purchase agreement. The transaction involved the sale of all outstanding shares of Galaxie to a ...
Australia Takes Lead in Offering Psychedelic Treatment for Mental Health
SYDNEY, Australia--In a groundbreaking move, Australia has emerged as a global leader in mental health treatment by embracing the therapeutic potential of psychedelic substances such as MDMA (commonly known as ecstasy) and psilocybin (found in ...
New York Secures $150 Million Investment to Fully Fund Social Equity Cannabis Retailers
LOS ANGELES-- In a significant boost to New York's social equity cannabis program, Chicago Atlantic Admin LLC has committed up to $150 million in senior secured capital for the Social Equity Cannabis Investment Fund. The ...
Medical Cannabis Companies in Oklahoma Challenge Fee Increase in State Supreme Court
LOS ANGELES-- Several licensed medical cannabis companies in Oklahoma have filed a petition with the state Supreme Court, seeking the repeal of a 2022 law that increased their fee burden. The petition, filed on June ...
Australia Becomes the First Country to Allow Prescription of Psychedelics for PTSD and Depression
LOS ANGELES-- Starting from July 1, doctors in Australia can now prescribe MDMA and psilocybin to patients suffering from post-traumatic stress disorder (PTSD) and hard-to-treat depression. This groundbreaking move makes Australia the first nation in ...
Reunion Neuroscience Inc. Reports Fiscal Results and Provides Corporate Update
LOS ANGELES-- Reunion Neuroscience Inc. a clinical-stage biopharmaceutical company specializing in innovative therapeutic solutions for underserved mental health conditions, announced its fiscal results for the fourth quarter and year ended March 31, 2023. Additionally, the ...
TerrAscend Secures $20.5 Million in Total Proceeds from Private Placements
TORONTO --TerrAscend Corp. a cannabis operator in North America, announced the successful closing of the second tranche of private placements, resulting in total aggregate proceeds of $20.5 million. The second tranche of the private placements ...
Cresco Labs and Columbia Care Encounter Setback in Pursuit of Multibillion Megamerger
LOS ANGELES-- Chicago-based Cresco Labs and Columbia Care announced on Friday that they have failed to meet the June 30 deadline set in their arrangement agreement, hindering their proposed multibillion-dollar merger. The companies, which have ...
New Jersey’s Cannabis Market Faces Plateau in Sales Amid Regulatory Challenges
LOS ANGELES-- Despite the growth of New Jersey's adult-use cannabis market during the first quarter of 2023, the state's overall sales figures have hit a nine-month plateau due to ongoing regulatory developments and the slow ...
Canopy Growth Strives for Profitability with Asset Sales Amid Financial Challenges
LOS ANGELES-- Canopy Growth Corp a Canada-based cannabis company, is aiming to raise $150 million by September 30 through the sale of its assets. The company, facing significant debt and substantial losses, recently announced the ...
Luxembourg Becomes Second EU Country to Legalize Personal Cannabis Use and Cultivation
LOS ANGELES-- Luxembourg, a European Union member nation, has taken a significant step in cannabis reform by legalizing the possession and cultivation of cannabis for personal use. According to a report by Forbes, Luxembourg became ...
Brownie Mary: Remembering the Remarkable Legacy of a Cannabis Crusader
SAN FRANCISCO — Brownie Mary, a tireless advocate for cannabis legalization, who captured the hearts and minds of many with her compassion and unwavering commitment to social justice, remains an iconic figure in the movement. ...
Ron DeSantis’ Shifting Stance on Cannabis Legalization Raises Questions of Political Motivations
MIAMI- In a surprising about-face, Florida Governor Ron DeSantis has drawn criticism for his recent shift in stance on cannabis legalization, specifically regarding medical use. Once a proponent of cannabis legalization for medicinal purposes, DeSantis ...
Cannabis Industry’s Battle Royale: Catalyst Accuses Glass House Brands of Supplying Illicit Market, Triggers Defamation Countersuit
LOS ANGELES- In a surprising turn of events, the cannabis industry is witnessing an escalating legal showdown between two prominent players, Glass House Brands Inc. and Catalyst. The rift between these industry giants has reached ...
Canadian Government Invests $3 Million in Psilocybin-Assisted Psychotherapy Trials
LOS ANGELES-- The advancement of psychedelic medicine in Canada received a significant boost as the Minister of Mental Health and Addictions, Carolyn Bennett, announced an investment of nearly $3 million through the Canadian Institutes of ...
Maryland Becomes 20th State to Launch Adult-Use Cannabis Sales
LOS ANGELES-- Starting July 1, Maryland will join the growing list of states in the United States to legalize adult-use cannabis sales. This milestone comes less than eight months after the state's voters approved a ...
Cannabis Industry Struggles Amid Worsening Economic Conditions, Report Finds
LOS ANGELES-- In a new report published by Whitney Economics, it becomes evident that the cannabis industry in the United States is grappling with worsening economic conditions. The report, titled "Cannabis Operator Sentiment and Business ...
TerrAscend Corp to Begin Trading on TSX with New Ticker Symbol “TSND”
LOS ANGELES-- TerrAscend Corp, a U.S. cannabis industry, is set to begin trading on the Toronto Stock Exchange (TSX) on July 4, 2023. This development comes as TerrAscend aims to expand its investor base and ...
FDA Releases Draft Guidance for Research on Psychedelic Drugs
LOS ANGELES-- the U.S. Food and Drug Administration (FDA) unveiled its Draft Guidance for conducting research on psychedelic drugs. The guidance encompasses substances such as psilocybin, LSD, and MDMA, reflecting the growing interest in exploring ...
Florida Supreme Court to Review Proposed Cannabis Legalization Amendment
LOS ANGELES-- In a recent development, Florida's attorney general, Ashley Moody, has filed a request with the state Supreme Court to reject a proposed constitutional amendment aimed at legalizing cannabis for adult use in the ...
Psychedelics Industry Seeks Financial Solutions Amid Valuation Plunge
DENVER — The Psychedelic Science 2023 conference in Denver revealed a challenging financial landscape for publicly traded psychedelics companies. Several financial experts at the conference highlighted the sharp decline in valuations over the past two ...
Curaleaf Holdings, Inc. Announces Launch of Adult Use Cannabis Sales in Maryland
LOS ANGELES-- Curaleaf Holdings, Inc., a provider of cannabis products, has revealed its plans to initiate adult use cannabis sales at all four of its dispensaries in Maryland on July 1, coinciding with the state's ...
StateHouse Holdings Inc. Reports Revenue Growth in Q1 2023, Debt Concerns Remain
LOS ANGELES-- StateHouse Holdings Inc. announced a 42% increase in revenues to $24.7 million for the first quarter ending March 31, 2023. Retail revenues also experienced substantial growth, rising 58% to $14.4 million compared to ...
Maryland Prepares for Launch of Recreational Cannabis Market on July 1
LOS ANGELES-- Maryland is gearing up for the launch of its state-legal recreational cannabis industry on Saturday, July 1, signaling a shift from its portrayal in HBO's The Wire to a regulated market for adult-use ...
