M4MM
Michigan Senate Approved 24% Wholesale Cannabis Tax
LANSING – In a late-night session that stretched into the early hours of Friday, October 3, 2025, the Michigan Senate gave final approval to a sweeping state budget that includes a new 24% wholesale tax ...
Verano Pushes Digital Voting as Postal Strike Disrupts Shareholder Materials
CHICAGO – Verano Holdings Corp. is telling investors to submit votes electronically for its special meeting next month, citing delays from Canada's postal workers strike. The company released a statement warning that physical copies of ...
Psilocybin Review Points to Rapid Relief for Treatment-Resistant Depression
LOS ANGELES – A new systematic review of clinical studies underscores psilocybin's potential to deliver quick and lasting reductions in depressive symptoms, offering a targeted option for patients who see little benefit from standard medications. ...
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 ...
Aurora Launches Whistler Brand in Australia
EDMONTON – Aurora Cannabis Inc. announced the introduction of its Whistler Cannabis Co. brand to the Australian market, marking a significant step in its international expansion strategy. The launch brings two high-potency cultivars, Ginger Breath ...
Michigan Senate Approved 24% Wholesale Cannabis Tax
LANSING – In a late-night session that stretched into the early hours of Friday, October 3, 2025, the Michigan Senate gave final approval to a sweeping state budget that includes a new 24% wholesale tax ...
Verano Pushes Digital Voting as Postal Strike Disrupts Shareholder Materials
CHICAGO – Verano Holdings Corp. is telling investors to submit votes electronically for its special meeting next month, citing delays from Canada's postal workers strike. The company released a statement warning that physical copies of ...
Psilocybin Review Points to Rapid Relief for Treatment-Resistant Depression
LOS ANGELES – A new systematic review of clinical studies underscores psilocybin's potential to deliver quick and lasting reductions in depressive symptoms, offering a targeted option for patients who see little benefit from standard medications. ...
U.S. Virgin Islands Sets Stage for Adult-Use Cannabis Market
LOS ANGELES- In a significant move for the U.S. Virgin Islands, the territory's Cannabis Board sanctioned a comprehensive set of rules and regulations for the adult-use cannabis sector on Tuesday, marking a pivotal advancement since ...
South Carolina Implements Strict Regulations on Hemp in Food and Beverages
LOS ANGELES- In a significant regulatory move, South Carolina has announced stringent restrictions on the inclusion of hemp-derived ingredients in food and beverage products, permitting only hemp seeds and their derivatives. This decision marks a ...
Cybin Inc. Reports Psychedelic Treatments and Financial Growth in Q3
LOS ANGELES- Cybin Inc., a development of next-generation psychedelic treatments for mental health disorders, today unveiled its unaudited financial outcomes for the third quarter ending December 31, 2023, alongside key business achievements. This period has ...
New Mexico Embraces Drive-Thru Cannabis Dispensaries
LOS ANGELES- In a pivotal decision reflecting the evolving landscape of cannabis commerce, New Mexico has chosen to endorse the operation of drive-thru cannabis dispensaries, a move that underscores the state's commitment to convenience and ...
California’s Proposed Bill Aims to Integrate Hemp Products into Cannabis Market
LOS ANGELES- In an effort to further regulate the cannabis industry, California lawmakers have introduced a draft bill that seeks to place hemp products under the same regulatory umbrella as cannabis. The proposed legislation, which ...
Pennsylvania’s Cannabis Market Poised for Expansion as Recreational Use Moves Closer to Reality
LOS ANGELES- Pennsylvania's cannabis industry is on the brink of a significant transformation as Governor Josh Shapiro pushes for the legalization of recreational marijuana use. In his recent budget address, the Democratic leader urged lawmakers ...
PharmaDrug Inc. Completes Private Placement to Bolster Corporate Initiatives
LOS ANGELES- a specialty pharmaceutical company, announce the successful completion of its previously disclosed non-brokered private placement, raising total gross proceeds of $326,000. In this offering, the company issued 6,520,000 units at a purchase price ...
Ohio Legislators Grapple with Implementing Changes to Adult-Use Cannabis Law
LOS ANGELES- In Ohio, the journey to fully implement adult-use cannabis legislation continues to encounter hurdles, despite the state's voters approving Issue 2 in November 2023. This initiative, which legalized recreational cannabis, came into effect ...
Michigan’s Cannabis Market Experiences Mixed Growth
LOS ANGELES- Michigan's cannabis industry has witnessed a varied growth pattern, with adult-use sales driving the market forward while medical cannabis sales face a significant decline. The state's cannabis sales increased by 17.1% compared to ...
Requesting a Private Letter Ruling
By Rachel Wright, Simon Menkes, & Abraham Finberg- CPAs licensed in California of AB FinWright LLP & 420CPA, and Andrew Gradman, Esq of Andrew Gradman Tax You may someday find yourself in a unique tax ...
Minnesota Mayor Arrested for Exceeding Legal Cannabis Cultivation Limits
NEW YORK- In an unexpected turn of events, the mayor of Winnebago, Minnesota, Scott Robertson, and his son Jacob Robertson, have been arrested for operating commercial-grade greenhouses to cultivate cannabis in quantities far exceeding the ...
Compass Pathways Launches Phase 3 Psilocybin Study in the UK for Treatment-Resistant Depression
Compass Pathways, a biotechnology firm at the forefront of mental health innovation, has initiated the UK segment of its global phase 3 study of COMP360 psilocybin therapy for treatment-resistant depression (TRD). This advancement, approved by ...
Massachusetts Lawmakers Advance Therapeutic Psilocybin Proposal
LOS ANGELES- In an effort to uphold its stringent stance against cannabis, Idaho legislators are deliberating on a new bill aimed at prohibiting advertisements for cannabis products, especially those coming from out-of-state businesses. This legislative ...
Thailand’s Cannabis Industry Faces Major Shift with New Draft Law
In a significant move that could reshape the cannabis landscape in Thailand, the government is preparing to introduce a draft law aimed at curbing the sale of cannabis for adult use and refocusing the burgeoning ...
Navigating the Complexities of Cannabis Payments: A Debit and Credit Card Conundrum
LOS ANGELES- In the rapidly expanding cannabis industry, where legality varies from state to state and the federal government maintains its stance against cannabis, the landscape of payment processing remains fraught with challenges. Among the ...
