Legal Affairs
High Tide Enters German Medical Cannabis Market with Remexian Majority Stake Acquisition
CALGARY – High Tide Inc., a leading Canadian Cannabis retailer, announced its strategic entry into Germany’s medical Cannabis market through a 51% acquisition of Remexian Pharma GmbH, a Frankfurt-based pharmaceutical wholesaler. The deal, valued at ...
Germany’s Medical Cannabis Imports Hit Record in Q2 2025, Sparking Debate Over Misuse
BERLIN – Germany’s medical Cannabis market continues to set records, with imports reaching 43.3 tons in the second quarter of 2025, according to data from the Federal Institute for Drugs and Medical Devices (BfArM). This ...
Cresco Labs Strengthens Financial Position with $325 Million Senior Secured Term Loan Refinancing
CHICAGO – Cresco Labs Inc. announced the closing of a significant refinancing transaction, marking a strategic move towards long-term balance sheet stability. The company successfully replaced its previous $360 million senior secured credit facility with ...
Dallas Halts Enforcement of Voter‑Approved Cannabis Depenalization Charter
LOS ANGELES- Dallas city officials have suspended the enforcement of a charter amendment approved by 67 percent of voters in November, which decriminalized possession of up to four ounces of cannabis and prohibited arrests based solely ...
Würk Integrates DailyPay’s On‑Demand Pay into Payroll Platform
LOS ANGELES- Würk, a provider of payroll, human resources, and compliance software for highly regulated industries—including cannabis and gaming—has integrated DailyPay’s on‑demand pay service into its existing payroll platform. The integration enables Würk’s clients to ...
9 in 10 Americans Favor Cannabis Legalization, Pew Research Center Poll Reveals
LOS ANGELES – A groundbreaking Pew Research Center survey conducted from January 27 to February 2, 2025, shows that 87% of Americans support legalizing cannabis, reflecting a seismic shift in public sentiment. The poll results, ...
Organigram Global Launches Collective Project THC Beverages in 25 U.S. States
TORONTO – Organigram Global Inc. (NASDAQ: OGI) (TSX: OGI), Canada’s leading cannabis company by market share, has made a significant stride into the U.S. market with the launch of its hemp-derived THC beverage brand, Collective ...
High Tide Enters German Medical Cannabis Market with Remexian Majority Stake Acquisition
CALGARY – High Tide Inc., a leading Canadian Cannabis retailer, announced its strategic entry into Germany’s medical Cannabis market through a 51% acquisition of Remexian Pharma GmbH, a Frankfurt-based pharmaceutical wholesaler. The deal, valued at ...
Germany’s Medical Cannabis Imports Hit Record in Q2 2025, Sparking Debate Over Misuse
BERLIN – Germany’s medical Cannabis market continues to set records, with imports reaching 43.3 tons in the second quarter of 2025, according to data from the Federal Institute for Drugs and Medical Devices (BfArM). This ...
Cresco Labs Strengthens Financial Position with $325 Million Senior Secured Term Loan Refinancing
CHICAGO – Cresco Labs Inc. announced the closing of a significant refinancing transaction, marking a strategic move towards long-term balance sheet stability. The company successfully replaced its previous $360 million senior secured credit facility with ...
Barely Capitalized: Pioneering Support for Women and Minority Startups in the Booming Cannabis Industry
LOS ANGELES-In a bold move to address the long-standing funding disparity faced by women and minority entrepreneurs in the cannabis sector, Highly Capitalized, a leading financial news service, is set to launch an innovative initiative ...
California’s Path to Tackle Illicit Cannabis and Empower Legal Operators
LOS ANGELES-- California's relentless battle against illicit cannabis has reached a critical juncture, as state authorities strive to curb the flourishing underground market and protect the interests of legal cannabis operators and consumers. With the ...
Schumer Expresses Confidence in Bipartisan Cannabis Banking Bill
LOS ANGELES-- Senate Majority Leader Chuck Schumer (D-NY) has expressed confidence that a bipartisan bill aimed at addressing banking issues in the cannabis industry will successfully pass in Congress during this session. The reassurance came ...
Altria-Backed Cannabis Producer Cronos Explores Sale
TORONTO-Cronos Group Inc, (CRON.TO) the Canadian cannabis producer backed by Altria Group Inc, the cigarette maker, has confirmed that it is currently engaged in discussions with potential buyers to explore the possibility of a sale, ...
NBA Removes Cannabis from Prohibited Substances List
NEW YORK- In a significant development, league officials and the NBA Players Association have recently inked a comprehensive collective bargaining agreement that effectively removes cannabis from the league's list of prohibited substances. This landmark agreement ...
New York City Council Committee Approves Bill Holding Landlords Accountable for Unlicensed Cannabis and Tobacco Sales
NEW YORK-- The New York City Council Committee on Public Safety has given its approval to a bill that will hold landlords responsible for knowingly renting commercial properties to tenants engaged in the sale of ...
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 ...
