M4MM
Cronos Introduces Premium Brand to Israeli Medical Cannabis Market
TORONTO – Cronos Group Inc. has launched its premium Cannabis brand in Israel, making five indoor-grown strains available to medical patients through pharmacies across the country. The announcement represents the latest step in Cronos' strategy ...
Washington Senate Committee Advances Home Cannabis Cultivation Bill
WASHINGTON – The Washington State Senate Labor & Commerce Committee has approved Senate Bill 6204, advancing legislation that would permit adults 21-plus to grow limited amounts of Cannabis at home for personal use. Introduced in ...
West Virginia and Mississippi Advance Ibogaine Research Bills
CHARLESTON–JACKSON – Lawmakers in West Virginia and Mississippi have advanced legislation to support research into ibogaine, a psychedelic compound derived from the iboga plant, with the goal of pursuing FDA approval for its use in ...
Texas Regulator Awards Verano Conditional License to Operate in State’s Medical Cannabis Market
AUSTIN – The Texas Department of Public Safety has issued a conditional license to Verano Texas, LLC, a subsidiary of Verano Holdings Corp., paving the way for the MSO to pursue cultivation, processing, and retail ...
Sensi Brands Secures Major Cultivation Site in Bid for Overseas Expansion
RICHMOND HILL – Sensi Brands Inc. completed its purchase of Maricann Inc., gaining control of a sprawling production facility tailored for export markets. The deal, the company's biggest to date, centers on a 100-acre campus ...
High Tide Launches Europe’s First Canna Cabana Store in Berlin
BERLIN – High Tide Inc., the Calgary-based Cannabis retailer known for its discount club model, has cut the ribbon on its inaugural European outpost, a Canna Cabana store in central Berlin that sells accessories and ...
Conservative Think Tank Advocates Federal Cannabis Labeling Standards to Address State Disparities
WASHINGTON – A prominent conservative policy group has called for federal guidance on Cannabis product warnings, pointing to stark differences in state regulations that leave consumers with inconsistent information on health risks. The American Enterprise ...
Cronos Introduces Premium Brand to Israeli Medical Cannabis Market
TORONTO – Cronos Group Inc. has launched its premium Cannabis brand in Israel, making five indoor-grown strains available to medical patients through pharmacies across the country. The announcement represents the latest step in Cronos' strategy ...
Washington Senate Committee Advances Home Cannabis Cultivation Bill
WASHINGTON – The Washington State Senate Labor & Commerce Committee has approved Senate Bill 6204, advancing legislation that would permit adults 21-plus to grow limited amounts of Cannabis at home for personal use. Introduced in ...
West Virginia and Mississippi Advance Ibogaine Research Bills
CHARLESTON–JACKSON – Lawmakers in West Virginia and Mississippi have advanced legislation to support research into ibogaine, a psychedelic compound derived from the iboga plant, with the goal of pursuing FDA approval for its use in ...
Kentucky Opens Applications for Medical Cannabis Business Licenses
LOS ANGELES- Kentuckians can now apply for cannabis business licenses, and medical providers can seek permission to prescribe cannabis through Kentucky’s Board of Medical Licensure and Board of Nursing. This follows the enactment of bipartisan ...
Global Medical Cannabis Market Projected to Reach $77.13 Billion by 2032
LOS ANGELES- The global medical cannabis market is expected to grow significantly, reaching a valuation of $77.13 billion by 2032 from $17.08 billion in 2023, driven by a compound annual growth rate (CAGR) of 18.24%, ...
Delaware Lawmakers Pass Bill to Enable Financial Services for Cannabis Businesses
LOS ANGELES- Delaware lawmakers recently passed legislation establishing protections for banks and other financial institutions to work with state-legal cannabis companies as the state prepares to launch its adult-use market. Protections for Financial Institutions The ...
Germany’s Cannabis Law: Maximizing Yield with the Three-Plant Limit
BERLIN — Germany’s new cannabis law, effective April 1, 2024, permits adults to grow up to three plants and possess up to 25 grams of cannabis for personal use. This regulation requires home cultivators to ...
California Pulls Cannabis Products from Shelves Due to Pesticide Concerns
LOS ANGELES- California this week ordered product recalls for five licensed cannabis products, including four vape pens and a vape cartridge, due to contamination with chlorfenapyr, a banned pesticide. These products, sold by West Coast ...
Evolving Hemp Regulations and Market Dynamics in Louisiana
LOS ANGELES- The hemp market is undergoing significant changes as new regulations affect how products are manufactured, sold, and consumed. The legal landscape shapes the future of hemp-derived products, necessitating staying updated on industry trends ...
Pesticide Scandal & Product Recalls Rocks California’s Cannabis Industry
LOS ANGELES--California's cannabis industry is reeling from a recent pesticide scandal that has undermined consumer confidence and highlighted regulatory shortcomings. An investigation by the Los Angeles Times, in collaboration with WeedWeek, revealed alarming levels of ...
The Demise of Chevron Deference: A New Era for Government Regulation and Its Impact on the Cannabis Industry
WASHINGTON, D.C. - In a landmark ruling, the Supreme Court has overturned a 40-year-old precedent known as "Chevron deference," which mandated that courts defer to the interpretations of federal agencies when a law is ambiguous, ...
Majority of North Dakota Voters Oppose Recreational Cannabis Legalization
LOS ANGELES- A recent poll commissioned by the Brighter Future Alliance and conducted by Public Opinion Strategies revealed that 57% of likely North Dakota voters are against the legalization of recreational cannabis for adults over ...
IRS Reaffirms Cannabis as Schedule I Substance; Section 280E Still Applies
WASHINGTON — The Internal Revenue Service (IRS) has issued a reminder that cannabis remains classified as a Schedule I controlled substance and is subject to the limitations of Internal Revenue Code Section 280E until any ...
Growing Interest in Microdosing Among Americans
LOS ANGELES- Americans are increasingly curious about microdosing, a practice involving minimal consumption of psychedelics or cannabis over extended periods, according to a study by the University of California San Diego published in JAMA Health ...
IRS Reaffirms Enforcement of Section 280E Amid Cannabis Industry Pushback
MIAMI, Florida--In a recent announcement, the Internal Revenue Service (IRS) underscored the ongoing enforcement of Internal Revenue Code Section 280E, a tax code provision that has long been a contentious issue for cannabis businesses. The ...
Cronos Group Secures $51 Million Credit Line
LOS ANGELES- Cronos Group's $51 million credit line will enhance production and facilitate global market expansion, positioning the company as a key player in the burgeoning cannabis industry. Canada’s Cronos Group has announced that it ...
Incannex Healthcare Receives FDA Approval for Phase 2 Clinical Trial of Psilocybin Therapy
LOS ANGELES- Incannex Healthcare Inc. a clinical-stage pharmaceutical company, has received approval from the US Food and Drug Administration (FDA) to commence a Phase 2 clinical trial for its psilocybin pharmaceutical formulation, PSX-001, in combination ...
Week’s In Review: Tilray Expands U.S. Presence with Acquisition of Four Molson Coors Craft Breweries; California Seizes Over $120 Million in Illegal Cannabis Since January; North Dakota Voters to Decide on Cannabis Legalization for Third Time
LOS ANGELES–Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets with some states doing amazingly well. And some, well...they're not doing so well (hello New York). Let's ...
