M4MM
New Zealand Delegation Led by Zoë Reece Targets Multibillion‑Dollar European Medicinal Cannabis Market
LOS ANGELES- New Zealand trade delegation, including key export company Ora Pharm, is advancing into Europe’s growing medicinal cannabis market. CEO Zoë Reece is spearheading the mission, aiming to build clinical and commercial partnerships for cannabinoid-derived therapies ...
North Carolina Governor Proposes Cannabis Legalization to Curb Unregulated Hemp Market
LOS ANGELES- North Carolina Governor Josh Stein (D) has urged legalization and regulation of adult-use cannabis to address growing public health concerns surrounding the state’s unregulated hemp-derived THC market. In a video posted on X, ...
Michigan Dispensary Agrees to $205K Settlement Over Withheld Tip Dispute
LOS ANGELES- A Michigan-based cannabis dispensary chain, Timber Cannabis, has agreed to pay $205,000 to resolve a lawsuit filed by employees claiming management withheld customer tips. While the company did not admit to any wrongdoing, ...
New Mexico Takes a Landmark Step Toward Legal Psychedelic Therapy
LOS ANGELES- New Mexico just made history—again. Governor Michelle Lujan Grisham has officially signed the Medical Psilocybin Act into law, positioning New Mexico as the third U.S. state to legalize psilocybin for therapeutic use. But ...
4/20 Cannabis Price Wars: How a Cultural Milestone Became a Cautionary Tale
LOS ANGELES- Once a day to honor cannabis culture, April 20th—aka 4/20—has increasingly become a flashpoint in the cannabis industry’s struggle for survival. What began as a grassroots celebration has devolved, in many markets, into ...
Montana Legislature Approves Bill to Tighten Cannabis Product Regulations
LOS ANGELES— The Montana Legislature has passed House Bill 636, introducing new restrictions on cannabis products. The Senate approved the bill with a 37–12 vote, following the House's 84–15 approval last month. House Bill ...
Kansas Governor Renews Call for Medical Cannabis Legalization
LOS ANGELES- Governor Laura Kelly has reiterated her support for legalizing medical cannabis in Kansas, urging lawmakers to advance legislation that would establish a regulated program for patients with qualifying medical conditions. Despite previous efforts, ...
New Zealand Delegation Led by Zoë Reece Targets Multibillion‑Dollar European Medicinal Cannabis Market
LOS ANGELES- New Zealand trade delegation, including key export company Ora Pharm, is advancing into Europe’s growing medicinal cannabis market. CEO Zoë Reece is spearheading the mission, aiming to build clinical and commercial partnerships for cannabinoid-derived therapies ...
North Carolina Governor Proposes Cannabis Legalization to Curb Unregulated Hemp Market
LOS ANGELES- North Carolina Governor Josh Stein (D) has urged legalization and regulation of adult-use cannabis to address growing public health concerns surrounding the state’s unregulated hemp-derived THC market. In a video posted on X, ...
Michigan Dispensary Agrees to $205K Settlement Over Withheld Tip Dispute
LOS ANGELES- A Michigan-based cannabis dispensary chain, Timber Cannabis, has agreed to pay $205,000 to resolve a lawsuit filed by employees claiming management withheld customer tips. While the company did not admit to any wrongdoing, ...
Skymint’s Strategic Move Towards Long-term Viability Amidst Financial Struggles
LOS ANGELES- Skymint, a leading cannabis operator in Michigan, is facing significant operational changes as it shuts down its Harvest Park growing and processing plant in Dimondale, near Lansing. The closure, announced in an ...
Curaleaf’s Corporate Strategy for U.S. Unit
New York-based Curaleaf Holdings is embarking on a strategic reorganization of its U.S. subsidiary, Curaleaf USA. This move is part of the company's broader plan to list on the Toronto Stock Exchange, reflecting a significant ...
Japan’s Revision of Cannabis Drug Law
WORLD- In a historic move, Japan has taken significant steps toward reshaping its stance on cannabis, reflecting a nuanced approach to the burgeoning global interest in cannabis-derived pharmaceuticals and industrial hemp. The latest amendment to ...
Illinois Cannabis Retailers Hit Record Sales in November
LOS ANGELES- November marked a historic month for Illinois' adult-use cannabis retailers, as they achieved the highest single-month sales of legal cannabis since the opening of weed shops in January 2020. The Illinois Department of ...
MariMed Inc. Launches Cannabis Product Manufacturing in Illinois
LOS ANGELES- MariMed Inc., a cannabis company with a multi-state presence, has announced the commencement of its cannabis product manufacturing and processing activities at its new facility in Mt. Vernon, Illinois. The move, despite encountering ...
Arizona’s Cannabis Sales Show Signs of Stabilization
LOS ANGELES-Arizona's cannabis market, after experiencing a downturn over the summer, is showing signs of stabilization in the recent months, although overall sales for the year remain lower than expected. The state's cannabis industry has ...
Ohio Senate Redirects Cannabis Tax Revenue
LOS ANGELES- In a move that has sparked widespread debate, the Ohio Senate has recently passed a bill that significantly alters the allocation of tax revenue generated from adult-use cannabis. This legislative action stands in ...
Curaleaf Poised for Uplisting on Toronto Stock Exchange
LOS ANGELES- Curaleaf Holdings, Inc., a major player in the cannabis industry operating under the ticker symbols CURA and CURLF, has recently achieved a significant milestone in its financial journey. The company received conditional approval ...
Cornell University Study Explores Hemp Cannabinoids as Potential Natural Pesticides
LOS ANGELES- Recent research conducted by scientists at Cornell University in New York has opened a new avenue in the study of hemp, suggesting that cannabinoids produced by the plant may serve as a source ...
New Jersey’s Cannabis Market Flourishes with Record Sales and Evolving Equity Initiatives
LOS ANGELES- New Jersey's state cannabis market is witnessing a significant uptrend, both in sales and regulatory progress, as it matures into a robust industry. According to the latest report from the state’s Cannabis Regulatory ...
KwaZulu-Natal Boosts Hemp To Revitalize Economy
WORLD- In a significant move for South Africa's burgeoning hemp sector, the province of KwaZulu-Natal (KZN) has awarded 664 licenses for the cultivation, storage, and transportation of industrial hemp, as reported by The South African. ...
Optimi Health Corp. Partners with Sunshine Earth Labs to Supply Psychedelic Substances for Medicinal Research
LOS ANGELES- Optimi Health Corp. a Canadian company recognized for its work in controlled psychedelic substances such as natural psilocybin and MDMA, has announced a significant supply agreement with Sunshine Earth Labs Ltd., a British ...
Democratic Governors Urge President Biden to Expedite Cannabis Rescheduling by DEA
LOS ANGELES- A coalition of Democratic governors from six states has formally requested President Joe Biden to ensure the Drug Enforcement Administration (DEA) reclassifies cannabis before the end of 2023. The group's call to action, ...
New York Intensifies Efforts to Combat Illicit Cannabis Shops with Increased Inspections and Seizures
LOS ANGELES- In a continued effort to regulate and control the cannabis market in New York, state agencies are intensifying their crackdown on illegal dispensaries. Alexander, in a recent press release, highlighted the importance of ...
Massachusetts Cannabis Commission Chair’s Hearing Postponed Amid Allegations
LOS ANGELES- In a recent development within the Massachusetts Cannabis Control Commission (CCC), Chairwoman Shannon O’Brien’s hearing, scheduled for Tuesday, has been deferred following a judge's intervention. This postponement arises amid accusations of racially insensitive ...
