M4MM
Jushi Holdings Reports Q3 2025 Financial Results
LOS ANGELES – Jushi Holdings Inc., a vertically integrated Cannabis operator with footprints in six states, disclosed third-quarter 2025 financials that showed revenue climbing 6.6% year-over-year to $65.7 million, driven by higher wholesales and customer ...
Compass Pathways Advances Psilocybin Therapy Timeline for Depression Treatment
LONDON & NEW YORK – Compass Pathways reported Q3 2025 financial results and signaled a faster path to market for its lead psilocybin-based therapy in treatment-resistant depression (TRD). The biotechnology firm now targets commercialization readiness ...
Missouri Trade Group Report Finds 96% of Tested Hemp Products Exceed THC Thresholds
KANSAS CITY – A new investigation by the Missouri Cannabis Trade Association (MoCannTrade) has concluded that nearly all hemp-derived products sold at unregulated retailers in the state contain illegal levels of THC, raising questions about ...
GTI Launches $50M Share Buyback Program
CHICAGO – Green Thumb Industries announced that its board has approved a program to repurchase up to $50 million of its subordinate voting shares over the next year. The initiative, set to begin on September ...
Chinese Gangs Exploit Farm Bill Loophole, Fueling Illicit Cannabis Spread Across the States
LOS ANGELES – Chinese criminal syndicates have seized on a flaw in the 2018 Farm Bill to flood American markets with illegal high-THC Cannabis disguised as legal hemp, creating a shadow economy that rivals major ...
Switzerland Advances Draft for Regulated Cannabis Sales with Centralized Online Distribution
BERN – Switzerland has released a draft proposal for legalizing adult-use Cannabis, featuring a tightly controlled system that includes one authorized online retailer alongside licensed brick-and-mortar stores. The plan, now open for public input through ...
GTI Opens Rise Dispensaries in Minnesota, Expanding Access to Adult-Use Cannabis Buyers
CHICAGO – Green Thumb Industries (GTI) announced opening its Rise dispensaries across Minnesota, marking a key step in the state's shift to broader access for adult consumers. The move comes two years after lawmakers approved ...
Jushi Holdings Reports Q3 2025 Financial Results
LOS ANGELES – Jushi Holdings Inc., a vertically integrated Cannabis operator with footprints in six states, disclosed third-quarter 2025 financials that showed revenue climbing 6.6% year-over-year to $65.7 million, driven by higher wholesales and customer ...
Compass Pathways Advances Psilocybin Therapy Timeline for Depression Treatment
LONDON & NEW YORK – Compass Pathways reported Q3 2025 financial results and signaled a faster path to market for its lead psilocybin-based therapy in treatment-resistant depression (TRD). The biotechnology firm now targets commercialization readiness ...
Missouri Trade Group Report Finds 96% of Tested Hemp Products Exceed THC Thresholds
KANSAS CITY – A new investigation by the Missouri Cannabis Trade Association (MoCannTrade) has concluded that nearly all hemp-derived products sold at unregulated retailers in the state contain illegal levels of THC, raising questions about ...
Massachusetts Cannabis Dispensaries File Suit Over Shipping Restrictions
LOS ANGELES- Two cannabis dispensaries in Massachusetts, Island Time on Martha’s Vineyard and The Green Lady Dispensary on Nantucket Island, have filed a lawsuit against state regulators. The suit challenges restrictions that prevent them from ...
California Senate Halts Psychedelic-Assisted Therapy Bill
LOS ANGELES- In a significant setback for advocates of psychedelic-assisted therapy, California's proposal to legalize treatment centers for supervised access to substances like psilocybin and MDMA has been halted. The Senate Appropriations Committee dropped Senate ...
atai Life Sciences Announces Key Developments in Clinical Trials and Leadership Transition
LOS ANGELES- atai Life Sciences, a leading company in the mental health biopharmaceutical sector, has announced significant progress in its clinical trials and a strategic leadership transition, underscoring its commitment to advancing mental health care. ...
Silo Pharma Announces Positive Research Results on Depression Treatment
LOS ANGELES-Silo Pharma, Inc., a biopharmaceutical company specializing in novel formulations and drug delivery systems for traditional therapeutics and psychedelic treatments, has announced new research findings indicating promising advances in depression remission and relapse prevention. ...
California Assembly Passes Bill to Allow Food, Drinks, and Events at Cannabis Cafes
LOS ANGELES- The California State Assembly has approved legislation permitting licensed cannabis cafes to serve food and non-alcoholic beverages and host live events, such as music and other performances. The bill now advances to the ...
Glass House Withdraws Defamation Lawsuit Against Catalyst Cannabis
LOS ANGELES- Glass House Brands Inc. has retracted its defamation lawsuit against Catalyst Cannabis Co., citing concerns over Catalyst's financial viability and the potential harassment of its customers. This withdrawal marks a significant turn in ...
New Hampshire Senate Approves Cannabis Legalization Bill with State-Run Dispensaries
LOS ANGELES- The New Hampshire Senate has passed an adult-use cannabis legalization bill that includes a state-run dispensary system. The bill, favored by Republican Governor Chris Sununu, marks the first time the chamber has approved ...
Victoria to Launch World’s First Medical Cannabis Driving Trial
WORLD- Victoria, the first Australian state to legalize medical cannabis in 2016, is set to initiate a groundbreaking medical cannabis driving trial. As part of the Victorian Budget 2024/25, the Labor Government has allocated $4.9 ...
Delaware Bill Proposes Temporary Conversion Licenses for Medical Cannabis Retailers
NEW YORK- Sponsored by State Representative Ed Osienski and Senator Trey Paradee, House Bill 408 aims to create a pathway for medical cannabis retailers in Delaware to obtain temporary conversion licenses, enabling them to legally ...
Ayr Wellness Inc. Reports Q1 2024 Financial Performance
LOS ANGELES- Ayr Wellness Inc., a vertically integrated U.S. multi-state cannabis operator, has reported significant financial advancements in the first quarter of 2024, underscoring its commitment to sustainable and profitable growth. The company aims to ...
California’s Proposal to Legalize Psychedelic Treatment Centers Fails for the Year
LOS ANGELES- The proposal to legalize psychedelic treatment centers in California has been shelved for the year. The initiative was developed in response to concerns raised by Governor Gavin Newsom (D) after he vetoed a ...
Iowa Imposes Stricter Limits on Hemp-Derived THC Products
LOS ANGELES- Iowa Governor Kim Reynolds signed multiple bills into law on Friday, including House File 2605, which aims to close loopholes in state and federal hemp laws. This bill imposes new restrictions on hemp-derived ...
Cannabis Stocks Surge Following Biden’s Reclassification Announcement
NEW YORK- At 1 p.m. on May 16, Biden shared a video on X, declaring the U.S. Department of Justice's decision to reclassify cannabis. This announcement led to a swift increase in cannabis-related stocks, reflecting ...
Cresco Labs Reports First Quarter Financial Performance
LOS ANGELES- Cresco Labs reported first-quarter revenues of $184 million, reflecting the company’s growth trajectory in the competitive cannabis market. This increase in revenue is attributed to market expansion and enhanced product offerings under its ...
DEA Report Highlights Shifts in U.S. Drug Trafficking Trends
LOS ANGELES- The Drug Enforcement Administration (DEA) released its 2024 National Drug Threat Assessment (NDTA) on May 9, providing an in-depth analysis of illegal drug and trafficking trends in the United States. DEA Administrator Anne ...
