M4MM
California Reinstates 15% Cannabis Excise Tax Through 2028
LOS ANGELES – A measure signed by Governor Gavin Newsom last month took effect on Wednesday, dialing back California's Cannabis excise tax to 15% and holding it steady at that level until at least the ...
Trump Video Fuels Cannabis Stock Surge, Yet Analysts Question Depth of Policy Shift
LOS ANGELES – A recent video posted by President Donald Trump on Truth Social, touting support for CBD products under the Farm Bill, triggered a sharp but fleeting uptick in valuations for major multi-state Cannabis ...
Ex-Curaleaf Executive Files Suit Alleging Ignored Warnings on Inventory Shortfalls at Illinois Facility
LOS ANGELES – A former compliance director for Curaleaf Holdings Inc. has filed a federal lawsuit accusing the Cannabis MSO of overlooking repeated alerts about missing inventory and unlicensed pesticide applications at its Illinois cultivation ...
Grown Rogue Reports Q2 2025 Financial Results
MEDFORD – Grown Rogue International Inc., a flower-focused Cannabis producer known for its craft-driven approach and scaled operations, reported its second quarter 2025 financial results for the period ending June 30, 2025. The company delivered ...
Is This a Meltdown For Michigan Cannabis Market?
LANSING – Michigan's legal Cannabis industry, once a hot spot for progress since recreational legalization in 2018, is now struggling with some serious financial pressures that could threaten its stability. According to a recent report ...
Cannabis Stocks Show Sensitivity to Q2 2025 Earnings Despite Market Volatility
LOS ANGELES – In the Cannabis industry, where trading often revolves around speculation and regulatory rumors, a recent analysis suggests that core financial performance still influences investor behavior. According to a recent report from Viridian ...
NYC Near-School Cannabis Dispensaries Avoid Shutdown or Relocation
NEW YORK – A significant number of New York’s licensed Cannabis dispensaries, previously at risk of closure for being too close to schools, have received a lifeline from state regulators. The Office of Cannabis Management ...
California Reinstates 15% Cannabis Excise Tax Through 2028
LOS ANGELES – A measure signed by Governor Gavin Newsom last month took effect on Wednesday, dialing back California's Cannabis excise tax to 15% and holding it steady at that level until at least the ...
Trump Video Fuels Cannabis Stock Surge, Yet Analysts Question Depth of Policy Shift
LOS ANGELES – A recent video posted by President Donald Trump on Truth Social, touting support for CBD products under the Farm Bill, triggered a sharp but fleeting uptick in valuations for major multi-state Cannabis ...
Ex-Curaleaf Executive Files Suit Alleging Ignored Warnings on Inventory Shortfalls at Illinois Facility
LOS ANGELES – A former compliance director for Curaleaf Holdings Inc. has filed a federal lawsuit accusing the Cannabis MSO of overlooking repeated alerts about missing inventory and unlicensed pesticide applications at its Illinois cultivation ...
Alberta Leads in Psychedelic-Assisted Therapy Coverage
NEW YORK- Alberta Blue Cross's recent endorsement of insurance coverage for Psychedelic-Assisted Therapy signifies a pioneering move in Canadian healthcare, positioning Alberta as the first province to officially support and regulate such treatments. This development ...
Georgia Implements New Age Restrictions and Regulations on Hemp-Derived Products
NEW YORK- In a recent legislative development, Georgia is poised to enforce a new law restricting the sale of hemp-derived cannabinoid products, including CBD and intoxicating substances like delta-8 THC and delta-9 THC, to individuals ...
Awakn Life Sciences Expands into U.S. with Oklahoma Licensing Agreement
LOS ANGELES- Awakn Life Sciences Corp., a biotechnology company specializing in the development of medication-assisted treatments for addiction, particularly focusing on Alcohol Use Disorder (AUD), announced a significant expansion of its operations into the United ...
Ontario Anticipates Record Cannabis Revenue
LOS ANGELES- In a landmark financial forecast, Ontario expects to garner over CA$379 million from its share of the federal cannabis duty for the fiscal year April 2024 to March 2025, marking a significant 22.2% ...
University of Calgary Studies Psychedelic Treatment for Alcohol Use Disorder
LOS ANGELES- The University of Calgary, through its Hotchkiss Brain Institute, has embarked on a study to examine the potential of psychedelics, specifically psilocybin, in treating Alcohol Use Disorder (AUD). With plans to recruit 128 ...
Delaware Expands Medical Cannabis Program Access
NEW YORK- Delaware lawmakers have passed a significant bill aimed at broadening access to the state's medical cannabis program. On Thursday, the Delaware Senate approved a proposal that grants healthcare providers the discretion to certify ...
Imperial Brands Acquires Stake in Auxly Cannabis Group
LOS ANGELES- Imperial Brands has effectively become the largest shareholder of Auxly Cannabis Group, acquiring a 19.8% stake after converting over 123.4 million Canadian dollars ($90.6 million) in total debt into shares. This move was ...
North Carolina Senate Approves Medical Cannabis Legalization Bill
LOS ANGELES- The North Carolina Senate gave final approval to a medical cannabis legalization bill this week, sending the proposal to the House for consideration. Notably, the proposal would not legalize adult-use cannabis even under ...
Maryland Awards Social Equity Cannabis Licenses
LOS ANGELES- In a significant move by the Maryland Cannabis Administration, 174 social equity cannabis licenses were awarded through a lottery system, showcasing the state's commitment to diversity and inclusion within the burgeoning cannabis industry. ...
Florida Supreme Court to Decide Fate of Cannabis Legalization
LOS ANGELES- The Florida Supreme Court is set to make a pivotal decision regarding the appearance of an adult-use cannabis legalization amendment on the November ballot, according to ClickOrlando. This determination follows a challenge by ...
Organigram Announces Investment in Open Book Extracts
NEW YORK- Organigram Holdings, a Canadian cannabis company, announced a $2 million investment in North Carolina-based Open Book Extracts. This move signifies Organigram's entry into the U.S. cannabis market, facilitated by an investment from British ...
Algernon Pharmaceuticals Advances Research Program
LOS ANGELES – In a significant move that underscores its commitment to innovative medical research, Algernon Pharmaceuticals Inc. announced its decision to prioritize its AP-188 ("N,N-Dimethyltryptamine" or "DMT") stroke research program. This announcement follows the ...
Germany Ushers in a New Era with Adult-Use Cannabis Legalization
BERLIN- As the clock struck midnight in Germany, transitioning from March 31st to April 1st, the nation embraced a historic shift in its drug policy landscape. Germany’s new adult-use cannabis legalization law, known as the ...
Colombia’s Medical Cannabis Exports Surge to $10.8 Million Amid Regulatory Enhancements
BOGOTA- In a notable advancement for Colombia's burgeoning medical cannabis industry, exports have seen a significant rise, reaching $10.8 million in 2023, as reported by ProColombia, a key government agency dedicated to fostering nontraditional Colombian ...
Glass House Brands Report Revenue and Profits
LOS ANGELES- In a notable financial turnaround, Glass House Brands, a California-based cannabis producer and retailer, reported significant growth in its fourth-quarter earnings, leading to a record revenue of $160.8 million for the fiscal year ...
