M4MM
Psychedelics Market Set to Reach $22.6 Billion by 2033, Report Finds
NEW YORK – A recent report by Research and Markets reveals the current global psychedelic drugs market is valued at $7.4 billion and is projected to hit $22.6 billion by 2033, exhibiting a substantial compound ...
High Tide Enters German Medical Cannabis Market with Remexian Majority Stake Acquisition
CALGARY – High Tide Inc., a leading Canadian Cannabis retailer, announced its strategic entry into Germany’s medical Cannabis market through a 51% acquisition of Remexian Pharma GmbH, a Frankfurt-based pharmaceutical wholesaler. The deal, valued at ...
Germany’s Medical Cannabis Imports Hit Record in Q2 2025, Sparking Debate Over Misuse
BERLIN – Germany’s medical Cannabis market continues to set records, with imports reaching 43.3 tons in the second quarter of 2025, according to data from the Federal Institute for Drugs and Medical Devices (BfArM). This ...
Thai Cannabis Stores Face Uncertainty as Government Tightens Sales Regulations
LOS ANGELES- Thailand’s government has introduced a new order—published in the Royal Gazette on June 26, 2025—mandating that cannabis can now only be sold with a valid medical prescription from licensed practitioners. Cannabis buds have been reclassified ...
Cybin Secures Up to US $500 Million via Convertible Debentures to Fuel Clinical Growth
LOS ANGELES- Cybin Inc. has entered into a securities purchase agreement with High Trail Special Situations LLC to raise up to US $500 million through unsecured convertible debentures, aiming to strengthen its position in neuropsychiatric therapeutics ...
Atai and Beckley Psytech Report Positive Phase 2b Results for BPL‑003
LOS ANGELES- Atai Life Sciences and Beckley Psytech have announced positive topline results from their Phase 2b clinical trial of BPL‑003, an intranasal formulation of mebufotenin benzoate, in patients with treatment‑resistant depression (TRD). The multicenter, ...
iAnthus Reports Unanimous Approval at Annual General Meeting
LOS ANGELES- iAnthus Capital Holdings, a multi-state operator in licensed cannabis cultivation, processing, and retail, announced that its shareholders unanimously approved all items at the Annual General Meeting held on June 26, 2025. The approved resolutions included ...
Psychedelics Market Set to Reach $22.6 Billion by 2033, Report Finds
NEW YORK – A recent report by Research and Markets reveals the current global psychedelic drugs market is valued at $7.4 billion and is projected to hit $22.6 billion by 2033, exhibiting a substantial compound ...
High Tide Enters German Medical Cannabis Market with Remexian Majority Stake Acquisition
CALGARY – High Tide Inc., a leading Canadian Cannabis retailer, announced its strategic entry into Germany’s medical Cannabis market through a 51% acquisition of Remexian Pharma GmbH, a Frankfurt-based pharmaceutical wholesaler. The deal, valued at ...
Germany’s Medical Cannabis Imports Hit Record in Q2 2025, Sparking Debate Over Misuse
BERLIN – Germany’s medical Cannabis market continues to set records, with imports reaching 43.3 tons in the second quarter of 2025, according to data from the Federal Institute for Drugs and Medical Devices (BfArM). This ...
Maine’s Booming Cannabis Market Faces Challenges Amid Falling Prices
LOS ANGELES— Maine's regulated adult-use cannabis industry recorded over $200 million in sales in 2023, marking a significant 36% increase from the previous year. Despite these robust figures, released by the state Office of Cannabis ...
DEA Clarifies Legality of Psychedelic Mushroom Spores, Highlighting Regulatory Complexities
WASHINGTON, D.C. — The U.S. Drug Enforcement Administration (DEA) recently provided a crucial clarification on the legal status of psychedelic mushroom spores. According to a statement from Terrence Boos, Chief of the DEA's Drug and ...
West Virginia Eyes Cannabis Legalization in Fight Against Fentanyl Crisis
NEW YORK— As West Virginia's legislative session unfolds, the topics of cannabis legalization and the fentanyl crisis are taking center stage. Senate President Craig Blair, speaking at a press event on January 5, indicated that ...
Over 2.3 Million Cannabis Convictions Pardoned in U.S. Since 2018
LOS ANGELES- In a significant move towards criminal justice reform, U.S. state courts have pardoned or expunged over 2.3 million cannabis-related convictions since 2018, with about half a million cases resolved in the last year ...
Ohio Governor Advocates for Ban on Intoxicating Hemp Products Amid Cannabis Regulation Efforts
LOS ANGELES— Ohio Governor Mike DeWine has urged state legislators to ban hemp-derived cannabinoids, including delta-8 THC, citing potential risks to children. The call for legislative action comes as Ohio prepares to navigate the complexities ...
Florida Bill Proposes THC Limits in Cannabis Amid Legalization Debates
LOS ANGELES- In a move that could significantly impact the cannabis industry in Florida, State Representative Ralph Massullo has introduced a bill proposing to limit the potency of THC in cannabis products. This legislative effort ...
Canopy Growth Secures US$30 Million in Private Placement to Bolster Liquidity and Reduce Debt
NEW YORK – In a significant move to strengthen its financial position, Canopy Growth Corporation, a leading North American cannabis and consumer packaged goods company, has announced a major private placement offering. On January 9, ...
Tilray Brands Q2 Report Amid Cannabis and Beverage Expansion
LOS ANGELES- Tilray Brands, Inc., Cannabis and consumer packaged goods industries, has announced its financial results for the second quarter of fiscal year 2024, ended November 30, 2023. The company has reported a record net ...
Germany’s Path to Cannabis Legalization: A Potential Boon for Global Markets and U.S. Investors
BERLIN — Germany's recent announcement to legalize recreational cannabis use for adults has set the stage for what is expected to be a multi-billion dollar market, sparking significant interest from investors, companies, and countries worldwide, ...
MAPS Public Benefit Corporation Secures Over $100 Million for Groundbreaking PTSD Therapy
LOS ANGELES- MAPS Public Benefit Corporation a key player in mental healthcare innovation, has announced an oversubscribed Series A financing round, raising over $100 million. This significant funding milestone, which includes conversion of previously issued ...
Wisconsin Navigates the Complex Path Toward Cannabis Legalization Amid Political Divide
LOS ANGELES- Wisconsin’s journey toward cannabis legalization is unfolding against a backdrop of political complexities, with Governor Tony Evers, a Democrat, indicating openness to a Republican-led medical cannabis legalization plan. This stance emerges as broader ...
Record Destruction of Cannabis in Canada Points to Market Adjustments and Consumer Trends
NEW YORK- In a striking development, Canadian cannabis operators have destroyed a record amount of legal cannabis in 2022 and the first half of 2023, as per data from Health Canada. This action highlights the ...
4Front Ventures Corp. Initiates Comprehensive Financial and Leadership Revamp
LOS ANGELES- In a pivotal development, 4Front Ventures Corp., a multi-state cannabis operator, has embarked on a transformative journey, reshaping its financial landscape and ushering in a new era of leadership. This strategic shift is ...
Incannex Healthcare Concludes Phase 2 Trial of Psilocybin Therapy for Anxiety Disorder, Awaiting FDA IND Application
LOS ANGELES- Incannex Healthcare Inc., a pharmaceutical company in the development of medicinal cannabinoid and psychedelic medicine therapies, has recently completed a significant milestone in its PsiGAD-1 clinical trial. This Phase 2 study, focused on ...
Week In Review: MedMen Exits California; Florida Cracks Down on Hemp; Maryland Supreme Court Sidesteps Hemp THC Case; U.K.’s Medical Cannabis Use Rises Amid ADHD Medication Shortage
LOS ANGELES–Welcome to the far too-exciting world of cannabis and psychedelics, where it’s earnings season with updates from some of the leading MSOs outlined below. Capital Markets: Positive Quarterly Earnings from Leading Cannabis Companies Amidst ...
