M4MM
Cannabis Earnings Outlook Dims as Q2 2025 Looms, Latest Analysis
LOS ANGELES – As the Cannabis industry braces for Q2 2025 earnings releases in early August, a sobering picture emerges from Viridian Capital Advisors’ Chart of the Week. Ten of twelve tracked companies are projected ...
Cash, Crime, and Cannabis: Attorneys General Push Congress on SAFER Banking Act
WASHINGTON, D.C.–In a rare show of bipartisan unity, attorneys general from 32 states and U.S. territories issued a pointed appeal to Congress on Thursday: pass the SAFER Banking Act of 2025 — and finally bring ...
Cresco Labs Exits California Cannabis Market in Bold Strategic Pivot
LOS ANGELES – Cresco Labs Inc. (OTCQX: CRLBF), a multistate cannabis operator, announced its withdrawal from California, the world’s largest cannabis market. This move aligns with the company's broader strategic restructuring aimed at stabilizing its ...
Czech Republic Advances Cannabis Decriminalization
LOS ANGELES— The Czech Republic's Chamber of Deputies has approved a significant amendment to the nation's criminal code, decriminalizing the possession and cultivation of cannabis for personal use. The measure permits adults to grow up ...
Ascend Wellness Secures $50 Million Through Private Placement of Senior Secured Notes
LOS ANGELES- Ascend Wellness Holdings, Inc. a multi-state, vertically integrated cannabis operator, has completed a $50 million private placement of its 12.75% senior secured notes due 2029. The notes, issued at 97.5% of face value, ...
Alphabet Soup: Common Acronyms in Cannabis and Why You Need to Know Them
LOS ANGELES- Running a cannabis business means speaking more than the language of cultivation and branding — it means speaking compliance, with all its acronyms. You’ve likely seen a wall of them — ADA, OSHA, ...
Financial and Regulatory Hurdles Challenge New Cannabis Enterprises
LOS ANGELES- Emerging cannabis businesses in the United States are encountering significant barriers to entry, primarily due to financial constraints, complex regulatory environments, and competition from established entities. Access to capital remains a primary obstacle ...
Cannabis Earnings Outlook Dims as Q2 2025 Looms, Latest Analysis
LOS ANGELES – As the Cannabis industry braces for Q2 2025 earnings releases in early August, a sobering picture emerges from Viridian Capital Advisors’ Chart of the Week. Ten of twelve tracked companies are projected ...
Cash, Crime, and Cannabis: Attorneys General Push Congress on SAFER Banking Act
WASHINGTON, D.C.–In a rare show of bipartisan unity, attorneys general from 32 states and U.S. territories issued a pointed appeal to Congress on Thursday: pass the SAFER Banking Act of 2025 — and finally bring ...
Cresco Labs Exits California Cannabis Market in Bold Strategic Pivot
LOS ANGELES – Cresco Labs Inc. (OTCQX: CRLBF), a multistate cannabis operator, announced its withdrawal from California, the world’s largest cannabis market. This move aligns with the company's broader strategic restructuring aimed at stabilizing its ...
Controversy Arises Over Ohio’s New Cannabis Control Superintendent Appointment
LOS ANGELES- Ohio's recent strides towards cannabis legalization have been met with a mix of anticipation and concern, particularly following the appointment of James V. Canepa as the first Superintendent of the Division of Cannabis Control. ...
Minnesota Health Officials Caution Against Illegal High-Potency Hemp Products
LOS ANGELES- The Minnesota Department of Health has issued an urgent warning to consumers regarding the sale of unregulated and illegal cannabis products that exceed the state's THC potency limits. Despite legalizing recreational cannabis earlier ...
California Attorney General Warns of Federal Risks in Interstate Cannabis Commerce
LOS ANGELES- California Attorney General Rob Bonta has recently raised significant concerns over the potential federal legal risks involved in initiating interstate cannabis commerce. This issue has become a pivotal point of discussion following the ...
Italian Cannabis Reform Campaign Nears Signature Milestone in Record Time
ROME — In an unprecedented surge of public support, a campaign for cannabis reform in Italy has achieved nearly half the required signatures in just one week to bring the issue before the Parliament. This ...
Psychedelics Regulatory Maze: Navigating the State-Federal Conundrum
The expanding legalization of psychedelics for medical and therapeutic uses across various states in the United States is stepping into a complex regulatory terrain, one previously charted by the cannabis industry. This emerging scenario raises ...
MedMen Reduces Operations to Four States with Sale of Arizona and Nevada Assets
LOS ANGELES- MedMen Enterprises Inc., a Florida-based cannabis company known for its extensive operational struggles, has taken a significant step in restructuring its business. On Wednesday, the company announced its decision to divest its cannabis ...
New York Officials Shut Down Unlicensed Cannabis Shop Amid Brooklyn’s Legal Market Expansion
NEW YORK- In a decisive move by New York state authorities, Big Chief Smoke Shop, an unlicensed cannabis retailer operating in Brooklyn, has been forcibly shut down. This action, led by Governor Kathy Hochul, Attorney ...
Numinus and Cedar Clinical Research Join Beckley Psytech’s Phase 2b Psychedelic Trial for Depression
Numinus Wellness Inc. recognized for approach to mental health care, has announced a significant milestone in psychedelic-assisted therapies. Its research arm, Cedar Clinical Research (CCR), has been selected as a pivotal site for a groundbreaking ...
Regulatory Hurdles Challenge Social Equity Cannabis Licensing in Missouri
LOS ANGELES- In a significant development impacting Missouri's cannabis industry, nearly one-quarter of the 48 social equity cannabis microbusiness permits awarded in October have been declared ineligible by the Department of Health and Senior Services ...
California to Implement New Employment Protections for Cannabis Users in 2024
LOS ANGELES- California is set to enact groundbreaking laws that provide new protections for employees who consume cannabis, marking a significant shift in workplace policies since the state's major cannabis reforms. Starting January 1, 2024, ...
Organigram Reports Q3 Fiscal 2023
LOS ANGELES- Organigram Holdings Inc. a licensed producer of cannabis, today unveiled its financial outcomes for the third quarter ending May 31, 2023. The period was marked by remarkable resilience and growth in the company’s ...
Nebraska Medical Cannabis Initiative Gains Momentum Amid Opposition
LOS ANGELES- In Nebraska, a significant movement is underway as the group Nebraskans for Medical Marijuana (NMM) intensifies its efforts to gather signatures for two pivotal medical cannabis legalization initiatives aimed for the 2024 ballot. ...
MindMed Announces Promising Results from Phase 2b Trial of MM-120 for Generalized Anxiety Disorder
LOS ANGELES- Mind Medicine (MindMed) Inc, a biotech company focusing on psychedelic-inspired therapies, recently revealed encouraging topline results from its Phase 2b clinical trial of MM-120 (lysergide d-tartrate) in treating Generalized Anxiety Disorder (GAD). The ...
Sunstone Therapies Reports Breakthrough in Psilocybin-Assisted Therapy for Cancer Patients with Depression
LOS ANGELES- Sunstone Therapies, a organization in psychedelic-assisted therapy, recently announced notable findings from its phase 2 clinical trial, published in the journal Cancer. This trial marks a significant step in understanding the potential of ...
CSU’s Institute of Cannabis Research Invests $800,000 in Groundbreaking Studies
LOS ANGELES- The Institute of Cannabis Research (ICR) at Colorado State University (CSU), Pueblo, has announced a significant investment in cannabis research, earmarking $800,000 for six pioneering studies. This initiative, funded through the Colorado Marijuana ...
