M4MM
Legislative Wave Follows Growth of Hemp-Infused Beverage Market
LOS ANGELES- The market for hemp-derived cannabis beverages has expanded rapidly since the 2018 federal legalization of hemp, reaching an estimated value of over $1 billion today and projected to exceed $30 billion by 2035. ...
Canadian Cannabis Producers Expand Exports
LOS ANGELES- Canada’s licensed cannabis sector continues its move toward international markets, driven by strong global demand, especially for medical cannabis. During the 2023–24 fiscal year, Canada exported approximately CA$218 million of medical cannabis for commercial ...
Big Cannabis Companies Maintain Optimism in Florida Despite Adult‑Use Setback
LOS ANGELES- Major cannabis operators remain confident in the Florida medical market, viewing it as a strategic long‑term growth opportunity despite the failed November 2024 attempt to legalize adult‑use cannabis. In a recent analysis, Forbes ...
Federal Inaction on Cannabis Exports May Cost U.S. Economy $10 Billion Annually
LOS ANGELES- The United States' federal stance on cannabis exports is potentially costing the economy up to $10 billion each year, according to industry analyses. While domestic cannabis sales are projected to reach $35.3 billion ...
LEEF Brands Reports Financial Results
LOS ANGELES- LEEF Brands Inc. a vertically integrated cannabis company based in California, has released its financial results for the first quarter of 2025 and the full year of 2024. The company reported a 19% ...
California Lawmakers Advance Bill to Halt Cannabis Excise Tax Increase
LOS ANGELES- California's legal cannabis industry is confronting a potential tax increase that stakeholders warn could exacerbate existing challenges. Assembly Bill 564 (AB 564), introduced by Assemblymember Matt Haney (D-San Francisco), seeks to prevent the ...
Glass House Brands Schedules Q1 2025 Earnings Call for May 13
LOS ANGELES- Glass House Brands Inc. a vertically integrated cannabis company focused on the California market, announced it will release its financial results for the first quarter of 2025 on Tuesday, May 13, after market ...
Legislative Wave Follows Growth of Hemp-Infused Beverage Market
LOS ANGELES- The market for hemp-derived cannabis beverages has expanded rapidly since the 2018 federal legalization of hemp, reaching an estimated value of over $1 billion today and projected to exceed $30 billion by 2035. ...
Canadian Cannabis Producers Expand Exports
LOS ANGELES- Canada’s licensed cannabis sector continues its move toward international markets, driven by strong global demand, especially for medical cannabis. During the 2023–24 fiscal year, Canada exported approximately CA$218 million of medical cannabis for commercial ...
Big Cannabis Companies Maintain Optimism in Florida Despite Adult‑Use Setback
LOS ANGELES- Major cannabis operators remain confident in the Florida medical market, viewing it as a strategic long‑term growth opportunity despite the failed November 2024 attempt to legalize adult‑use cannabis. In a recent analysis, Forbes ...
Lykos Therapeutics Secures Over $100 Million in Series A Financing
LOS ANGELES- Lykos Therapeutics, previously known as MAPS Public Benefit Corporation, has achieved a significant milestone in its journey to revolutionize mental healthcare. The company announced an oversubscribed Series A financing, raising over $100 million, ...
Missouri Legislature Addresses Cannabis Regulation and Law Enforcement Policies
LOS ANGELES— The 2024 legislative session in Missouri, convened in Jefferson City, has sparked significant discussions on cannabis regulation, with a particular focus on cannabinoid products and law enforcement practices. Senate Bill 984, championed by ...
Cybin Inc. Advances Psychedelic Therapy with Promising Phase 2 Results and Upcoming Trials
LOS ANGELES- Cybin Inc., a clinical-stage biopharmaceutical company at the forefront of psychedelic-based mental health treatments, recently announced encouraging results from its Phase 2 study of CYB003 for Major Depressive Disorder (MDD) and outlined key ...
AMA Introduces Psychedelic Therapy Codes Amidst FDA Review of Prescription MDMA
-LOS ANGELES The American Medical Association (AMA) has taken a significant step in the realm of psychedelic therapy by introducing specific codes for these treatments. This development aligns with the Food and Drug Administration's (FDA) ...
New Jersey Allocates Cannabis Tax Revenue to Community Health and Safety Initiatives
LOS ANGELES- In the evolving landscape of cannabis legalization, states across America are exploring innovative uses for the tax revenue generated from this burgeoning industry. New Jersey has emerged as a leader in this domain, ...
Silo Pharma Advances in Development of Ketamine-Loaded Implant for Chronic Pain Treatment
LOS ANGELES- In a significant step towards innovating chronic pain management, developmental-stage biopharmaceutical company Silo Pharma, Inc. (Nasdaq: SILO) has reported notable progress in the development of SP-26, a ketamine-loaded implant designed for home treatment ...
UFC Pioneers Change by Excluding Cannabis from Banned Substances List
LOS ANGELES- In a landmark decision that is set to reshape drug policies in professional sports, the Ultimate Fighting Championship (UFC) has removed cannabis from its list of banned substances. Announced in Las Vegas, Nevada, ...
New Mexico Achieves Record-Breaking Cannabis Sales in December
LOS ANGELES— New Mexico's cannabis market has set a new monthly sales record in December, with total sales surpassing $50.4 million, a significant milestone in the state's burgeoning legal cannabis industry. The latest figures released ...
Copy of BetterLife Pharma Secures Funding to Advance Innovative Mental Health Treatment
LOS ANGELES — BetterLife Pharma Inc. ("BetterLife"), a biotech company at the forefront of mental disorder treatments, has announced the successful closing of $300,000 in convertible debentures. This funding is a strategic step towards the development ...
BetterLife Pharma Secures Funding to Advance Innovative Mental Health Treatment
LOS ANGELES — BetterLife Pharma Inc. ("BetterLife"), a biotech company at the forefront of mental disorder treatments, has announced the successful closing of $300,000 in convertible debentures. This funding is a strategic step towards the development ...
Washington Enacts Law Safeguarding Off-Duty Cannabis Use by Job Applicants
NEW YORK— In a significant move for employment law, Washington State has implemented a new statute, Senate Bill 5123, effectively protecting job applicants from discrimination based on their off-duty cannabis use. Signed by Governor Jay ...
Tennessee Hemp Industry Faces Potential Setback from New Regulatory Proposals
LOS ANGELES- Tennessee's burgeoning hemp industry is confronting potential challenges due to new regulatory proposals by the state's Department of Agriculture. Business owners and growers within the state are voicing concerns that these new rules, ...
atai Life Sciences Reveals Promising Results from EMP-01 Phase 1 Study
NEW YORK- atai Life Sciences, a clinical-stage biopharmaceutical company, has announced encouraging results from its Phase 1 study of EMP-01, an orally administered R-enantiomer of MDMA. This study, a significant step in the company's mission ...
Oakland Tragedy Highlights Urgent Need for Federal Cannabis Policy Reform
LOS ANGELES- A somber mood envelops the Oakland Police Department following the tragic death of Officer Tuan Le, who was fatally shot while responding to a burglary at a cannabis dispensary. The incident underscores a ...
Virginia’s Legislative Shift: A New Hope for Adult-Use Cannabis Sales
NEW YORK- The political landscape in Virginia is undergoing a significant transformation as Democrats regain full control of the General Assembly, bringing renewed optimism for the launch of an adult-use cannabis market. This development comes ...
