M4MM
FLUENT Consolidates NY Retail Presence
NEW YORK – FLUENT Corp., a Cannabis operator with roots in Florida and Pennsylvania, has completed the rebranding of two key dispensaries in New York, bringing its retail operations in the state under a single ...
Australian Policy Group Cautions TGA on Medicinal Cannabis Restrictions, Fearing Shift to Illicit Sources
SYDNEY – A prominent drug policy organization in Australia has urged federal regulators to avoid curtailing access to prescription medicinal Cannabis, arguing that such steps could drive patients toward unregulated street supplies and erode the ...
Revolving Credit Lines Break New Ground in Cannabis Debt Markets
LOS ANGELES – Two leading multistate Cannabis operators, Verano Holdings Corp. and Curaleaf Holdings Inc., have closed pioneering revolving credit agreements in recent weeks, marking a quiet but telling step forward for the sector's access ...
Colombian President Pushing Congress for Swift Action on Full Cannabis Legalization
BOGOTÁ – Colombia's House of Representatives First Committee has passed a bill to legalize adult-use Cannabis, marking an early win for reformers in a country long at the center of global drug policy debates. Sponsored ...
Missouri Activists Gird Up for 2026 Ballot Measure to Unify Hemp and Cannabis Regulations
LOS ANGELES – Missouri Cannabis advocates, led by hemp business owners, plan to submit a ballot initiative in the coming days that would combine regulations for hemp and Cannabis products under a single framework for ...
Australian Cannabis Prices Drop to New Lows, Pressuring Domestic Producers
MELBOURNE – Medicinal Cannabis flower prices in Australia have fallen to a minimum of $3.30 per gram at the patient level, a development that has intensified debates over the viability of the country's homegrown industry. ...
Google Launches Limited Test of Cannabis Advertising on Its Search Platform in Canada
TORONTO – Google has started a restricted trial allowing select Canadian Cannabis companies to place ads on its search engine, marking a cautious step toward easing long-standing prohibitions on such promotions. The initiative, which went ...
FLUENT Consolidates NY Retail Presence
NEW YORK – FLUENT Corp., a Cannabis operator with roots in Florida and Pennsylvania, has completed the rebranding of two key dispensaries in New York, bringing its retail operations in the state under a single ...
Australian Policy Group Cautions TGA on Medicinal Cannabis Restrictions, Fearing Shift to Illicit Sources
SYDNEY – A prominent drug policy organization in Australia has urged federal regulators to avoid curtailing access to prescription medicinal Cannabis, arguing that such steps could drive patients toward unregulated street supplies and erode the ...
Revolving Credit Lines Break New Ground in Cannabis Debt Markets
LOS ANGELES – Two leading multistate Cannabis operators, Verano Holdings Corp. and Curaleaf Holdings Inc., have closed pioneering revolving credit agreements in recent weeks, marking a quiet but telling step forward for the sector's access ...
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 ...
DEA Reinstates License for Pharma Giant Implicated in Opioid Crisis
LOS ANGELES- In a controversial decision, the Drug Enforcement Administration (DEA) has reinstated the operational license of Morris & Dickson, a pharmaceutical company previously implicated in the opioid crisis. This move comes less than a ...
Idaho Legislators Propose Bill to Ban Out-of-State Cannabis Advertisements
LOS ANGELES- In a move reflecting Idaho's staunch stance on cannabis prohibition, state legislators are deliberating on a bill aimed at curtailing advertisements for cannabis products from neighboring states where it is legal. The proposed ...
Virginia Navigates the Complex Path to Cannabis Legalization with New Legislation
NEW YORK- In the evolving landscape of cannabis legalization, Virginia has emerged as a pivotal battleground, illustrating the multifaceted journey towards establishing a regulated market. The state's House of Representatives has recently passed a bill ...
Red Light Holland Partners with PharmAla Biotech
NEW YORK- In a strategic move to bolster its North American presence, Red Light Holland a Toronto-based company, has entered into a significant consulting agreement with synthetic psychedelics manufacturer PharmAla Biotech Holdings Inc. The collaboration, ...
Unexpected 280E Dangers in Farm Service Management Arrangements- Part II
By Rachel Wright, Simon Menkes, & Abraham Finberg- CPAs licensed in California of AB FinWright LLP & 420CPA, and Andrew Gradman, Esq of Andrew Gradman Tax This is Part II of II of our series ...
Massachusetts Cannabis Sales Hit Record $1.56 Billion in 2023 Amid Industry and Regulatory Challenges
NEW YORK- In an unprecedented achievement for the Massachusetts cannabis market, dispensaries across the state reported a record-breaking $1.56 billion in sales in 2023. This milestone, as reported by the Cannabis Control Commission (CCC) and ...
Iowa Moves to Regulate Hemp with New Bill
LOS ANGELES- In a significant legislative development, an Iowa subcommittee has advanced House Study Bill 665, aimed at establishing regulatory oversight for consumable hemp products within the state. Passed by the House Public Safety Subcommittee ...
atai Life Sciences Appoints Anne Johnson as Chief Financial Officer
NEW YORK – atai Life Sciences a pioneering company specializing in mental health treatment innovations, today announced the promotion of Anne Johnson to Chief Financial Officer (CFO). Johnson, who has served as the interim CFO ...
Canopy Growth Reports Fiscal Q3 Earnings Amidst Strategic Shifts and Financial Hurdles
LOS ANGELES- Canopy Growth Corporation, reported a 7% decline in net revenue, amounting to $78.5 million for the fiscal third quarter ending December 31, 2023. The Smiths Falls, Ontario-based company revealed these figures in its ...
