M4MM
New Mexico Cannabis Market Edges Toward $2B in Total Sales
ALBUQUERQUE – New Mexico's Cannabis industry has recorded $1.9 billion in combined medical and adult-use sales since recreational legalization took effect in April 2022, according to the latest figures from the state’s Regulation and Licensing ...
Fairfax Bank Retreats from Servicing Cannabis Businesses
FAIRFAX – MainStreet Bancshares Inc., a community lender with $2.2 billion in assets, has shelved its Cannabis banking program just eight months after unveiling it as a growth driver. The decision, disclosed by CEO Jeff ...
Stiiizy Halts Sales at Catalyst Outlets as Leadership Clash Deepens
LOS ANGELES – Stiiizy, California's dominant Cannabis brand with a footprint in Arizona, Michigan, and Nevada, has stopped supplying its products to Catalyst Cannabis Co. stores, marking a sharp break in what was once a ...
California Reaps $259.7M in Cannabis Tax Revenue for Q2 2025
LOS ANGELES – California's legal Cannabis sector delivered $259.7 million in tax revenue during the second quarter of 2025, based on data released by the California Department of Tax and Fee Administration (CDTFA). The figure ...
Verano Adds Crystal River Location, Reaching 82 Dispensaries in Florida
CHICAGO – Verano Holdings Corp. has expanded its presence in Florida by opening a new MÜV dispensary in Crystal River, bringing its total to 82 stores statewide and 152 nationwide. This move bolsters Verano's network ...
Verano Announces Redomicile from British Columbia to Nevada
CHICAGO – Verano Holdings Corp. has put forward a plan to shift its parent company's incorporation from British Columbia to Nevada. The board gave its nod to the proposal on September 15, and the company ...
Rad Recruitment Launches “AIRS – AI Recruitment Systems” to Help Cannabis Operators Hire Faster, Smarter, and at Lower Cost
LOS ANGELES - FOR IMMEDIATE RELEASE - Rad Recruitment Launches “AIRS – AI Recruitment Systems” to Help Cannabis Operators Hire Faster, Smarter, and at Lower Cost Embedded, AI-powered talent system greatly reduces time-to-hire and talent ...
New Mexico Cannabis Market Edges Toward $2B in Total Sales
ALBUQUERQUE – New Mexico's Cannabis industry has recorded $1.9 billion in combined medical and adult-use sales since recreational legalization took effect in April 2022, according to the latest figures from the state’s Regulation and Licensing ...
Fairfax Bank Retreats from Servicing Cannabis Businesses
FAIRFAX – MainStreet Bancshares Inc., a community lender with $2.2 billion in assets, has shelved its Cannabis banking program just eight months after unveiling it as a growth driver. The decision, disclosed by CEO Jeff ...
Stiiizy Halts Sales at Catalyst Outlets as Leadership Clash Deepens
LOS ANGELES – Stiiizy, California's dominant Cannabis brand with a footprint in Arizona, Michigan, and Nevada, has stopped supplying its products to Catalyst Cannabis Co. stores, marking a sharp break in what was once a ...
Canopy Growth Raises $50 Million Through Exchange and Subscription Agreement
LOS ANGELES- Canopy Growth, a cannabis producer based in Smiths Falls, Ontario, has raised approximately $50 million (68 million Canadian dollars) in gross proceeds through an exchange and subscription agreement with an institutional investor. The ...
DEA Report Highlights Growing Threat from Synthetic Drugs and Illegal Cannabis Operations
LOS ANGELES- The Drug Enforcement Administration (DEA) released its 2024 National Drug Threat Assessment (NDTA) on May 9, detailing illegal drug and trafficking trends in the United States. DEA Administrator Anne Milgram emphasized the shift ...
47 Ohio Municipalities Ban Adult-Use Cannabis Businesses Ahead of Program Launch
LOS ANGELES- As Ohio prepares for the launch of its adult-use cannabis program, several dozen municipalities have implemented temporary bans on adult-use cannabis businesses. Research from Ohio State University, summarized by Cleveland.com, indicates that as ...
Analysis: Adult-Use Cannabis Markets Generate Over $20 Billion in State Tax Revenue
Washington, DC (NORML): Taxes derived from the licensed sale of state-regulated cannabis products totaled more than $4 billion in 2023, according to an analysis provided by the Marijuana Policy Project. MPP’s estimates do not include revenues derived from ...
Biden Administration Begins Formal Rulemaking Process Downgrading Cannabis to Less Dangerous Drug
WASHINGTON, D.C. - President Joe Biden is officially advancing plans to ease federal cannabis restrictions. Today, Biden announced his administration's intention to reclassify cannabis from the most restrictive category on the federal list of illegal ...
Ohio Committee Approves Plan for Adult-Use Cannabis Sales
LOS ANGELES- The Ohio Joint Committee on Agency Rule Review (JCARR) has approved new regulations to allow medical cannabis dispensaries to sell adult-use products starting June 7, 2024. This development follows the voter approval of ...
Texas Senate to Hold Public Hearing on Delta-8, Delta-9 THC Products
LOS ANGELES- The Texas Senate will hold a public hearing on May 29 to discuss a potential ban on delta-8 and delta-9 THC products. These products have been widely available in Texas since 2019, following ...
Study Finds Psilocybin Use Does Not Significantly Alter Religious Beliefs
LOS ANGELES- A new study from Johns Hopkins University, published in the Journal of Psychoactive Drugs, indicates that a single psilocybin experience is unlikely to change an atheist's belief in God or alter a person's ...
Federal Judge Orders Cannabis Dispensary Operator to Bargain with Union
LOS ANGELES- In a landmark decision, U.S. District Judge Myong Joun has mandated that the cannabis dispensary operator I.N.S.A. must negotiate with the United Food and Commercial Workers (UFCW) union, despite its employees voting against ...
Enveric Biosciences Eyes Major Licensing Deals for Its Drug Pipeline
NEW YORK- Enveric Biosciences is actively pursuing licensing agreements that could potentially net the company up to $410 million in milestone payments. This initiative follows a newly announced partnership with MindBio and comes amidst the ...
New York Cannabis Regulatory Chief to Resign Amid Program Overhaul
LOS ANGELES- Chris Alexander, the Executive Director of New York's Office of Cannabis Management (OCM), is set to resign at the end of his three-year term in September, as announced by Governor Kathy Hochul. The ...
Minnesota Residents Sue for Right to Sell Home-Grown Cannabis
LOS ANGELES- In Minnesota, a legal battle is unfolding as four individuals who legally cultivate cannabis have initiated a lawsuit against state cannabis regulators. The plaintiffs argue that the Minnesota Constitution permits them to sell ...
Idaho Medical Cannabis Initiative Gains Momentum Amid New Signature Drive
LOS ANGELES- In Idaho, one of the few states without any legal cannabis framework, the advocacy group Kind Idaho is making strides to place a medical cannabis initiative on the 2024 ballot. The organization faces ...
Product Recall in Arizona Due to Contamination Concerns
LOS ANGELES- The Arizona Department of Health Services has issued a recall for a product known as Onion Bhaji after laboratory tests detected possible contamination with Aspergillus, a fungus known to cause allergic reactions or ...
Massachusetts Orders Cease on THCV Products by Hemp Company
LOS ANGELES- The Massachusetts Department of Agricultural Resources (MDAR) has issued a cease and desist order to Bay State Extracts, a state-licensed hemp business, directing it to stop the production and sale of products containing ...
