M4MM
Texas Restricts Sales of Smokable Hemp Products Effective March 31
AUSTIN – Texas retailers must pull smokable hemp products from shelves by the end of the month under final rules adopted by the Department of State Health Services (DSHS). The regulations, which take effect March ...
Illicit Cannabis Activity Drops in States with Adult-Use Legalization, CU Study Finds
NEW YORK – A new analysis from Columbia University’s Mailman School of Public Health shows that states moving beyond medical Cannabis legalization to allow recreational use saw a sharp decline in law enforcement seizures of ...
Kentucky House Approves Unified Regulations for Alcohol and THC-Infused Products
FRANKFORT – The Kentucky House of Representatives has approved House Bill 9, a comprehensive measure that overhauls the state's taxation and regulatory framework for alcohol, Cannabis-infused beverages, hemp-derived products, and related intoxicating substances. The bill ...
U.S. Legal Cannabis Sales Hit $2.3B in December, Lifting 2025 Total to $27B
LOS ANGELES – Legal Cannabis sales across the United States reached $2.3 billion in December, pushing the full-year figure for 2025 to $27 billion. The month’s tally edged out November’s $2.2 billion and aligned closely ...
California DCC Grants $1.8M to UC Berkeley and Glass House Brands for Cannabis Yield Study
LONG BEACH – State regulators have awarded $1.8 million to a partnership between the University of California Berkeley and Glass House Brands to study variations in Cannabis crop yields across cultivation methods, a move that ...
MindMed Rebrands as Definium Therapeutics, Targets 2026 Trials for LSD-Based Treatments
NEW YORK – Mind Medicine (MindMed) Inc., a developer of treatments derived from psychedelics for mental health conditions, has changed its name to Definium Therapeutics Inc., a move that underscores its push into late-stage testing ...
Sunderstorm Welcomes Lime to Its Family of Brands
LOS ANGELES – Sunderstorm, the California-based Cannabis company behind the popular Kanha edibles line, revealed its purchase of Lime, an expert in pre-rolled joints that has carved out a steady presence in the state's retail ...
Texas Restricts Sales of Smokable Hemp Products Effective March 31
AUSTIN – Texas retailers must pull smokable hemp products from shelves by the end of the month under final rules adopted by the Department of State Health Services (DSHS). The regulations, which take effect March ...
Illicit Cannabis Activity Drops in States with Adult-Use Legalization, CU Study Finds
NEW YORK – A new analysis from Columbia University’s Mailman School of Public Health shows that states moving beyond medical Cannabis legalization to allow recreational use saw a sharp decline in law enforcement seizures of ...
Kentucky House Approves Unified Regulations for Alcohol and THC-Infused Products
FRANKFORT – The Kentucky House of Representatives has approved House Bill 9, a comprehensive measure that overhauls the state's taxation and regulatory framework for alcohol, Cannabis-infused beverages, hemp-derived products, and related intoxicating substances. The bill ...
Red Light Holland Advances Psilocybin Research with Successful Truffle Testing
LOS ANGELES- Red Light Holland Corp., a production and distribution of functional mushrooms and psilocybin truffles, has announced the successful initial testing and dehydration of psilocybin truffles at CCrest Laboratories Inc. in Montreal, Canada. This ...
Minnesota Senate Advances Cannabis Legislation
LOS ANGELES- The Minnesota Senate has passed a measure aimed at advancing the regulation and legalization of cannabis, with a narrow vote of 34 to 32, following its approval in the House last month by ...
Canopy Growth Secures Additional Funding Amid Financial Struggles
LOS ANGELES- Canopy Growth Corp., a Canadian cannabis producer, announced a new round of funding, securing approximately $50 million through a financing deal. This funding follows a $35 million capital raise in January and comes ...
Cookies Expands Influence in Florida Cannabis Market
LOS ANGELES- Cookies, a player in the cannabis industry, has recently enhanced its footprint in the Florida market, a move that comes on the heels of favorable legal advancements in the state. This strategic expansion ...
Minnesota’s Strategic Early Cannabis Licensing Initiative
LOS ANGELES- Minnesota lawmakers are evaluating a measure to issue some cannabis cultivation licenses prematurely to circumvent delays in the upcoming adult-use cannabis program. The move, reported by the Star Tribune, aims to utilize existing ...
DEA Reschedules Cannabis, Boosting Industry and Sparking Calls for More Reform
LOS ANGELES- This week, the Drug Enforcement Administration (DEA) made a significant policy shift by reclassifying cannabis under the Controlled Substances Act (CSA), moving it from Schedule I to Schedule III, alongside drugs like Tylenol ...
Public Safety and Inclusivity Drive Support for Cannabis Banking Legislation
LOS ANGELES- A recent poll by Morning Consult indicates that 64% of Americans support allowing cannabis businesses access to traditional banking services, suggesting such measures could enhance public safety. The poll aligns with growing legislative ...
Federal Reclassification of Cannabis Unlikely to Resolve Banking Challenges
LOS ANGELES- Despite the potential federal reclassification of cannabis to Schedule III under the Controlled Substances Act, significant banking hurdles remain for state-legal cannabis companies. The American Bankers Association (ABA) has highlighted that the change ...
Psyched Wellness Reports Revenue and Strategic Partnerships
LOS ANGELES- Psyched Wellness Ltd., a legal mushroom supplement company, disclosed its financial results for the first quarter ending February 29, which were reported in Canadian dollars. The company experienced a slight increase in revenue, ...
Georgia Governor Enacts New Hemp Cultivation and Regulation Law
LOS ANGELES- Georgia Governor Brian Kemp has signed into law a legislative package aimed at supporting the state's agricultural sector, which includes new regulations for the hemp industry. The laws introduce a comprehensive framework for ...
DEA Moves to Reclassify Cannabis to Schedule III
LOS ANGELES- The U.S. Drug Enforcement Administration (DEA) is reportedly planning to reclassify cannabis from a Schedule I to a Schedule III substance under the Controlled Substances Act, a change confirmed by anonymous sources and ...
California Advances Bill for Regulated Therapeutic Use of Psychedelics
LOS ANGELES- California is making strides in pioneering psychedelic-assisted therapy through proposed legislation aimed at establishing regulated centers for adult usage of substances like psilocybin, MDMA, and mescaline. The "Regulated Therapeutic Access to Psychedelics Act," ...
Attorney General Takes Legal Action Against Retailers for Selling Synthetic THC to Minors
LOS ANGELES- Nebraska's Attorney General, Mike Hilgers, has launched legal action against several local retailers for allegedly selling synthetic THC products to minors. The lawsuit, filed against entities including Midwest Smoke Shop, accuses the retailers ...
Planet 13 Advances Florida Expansion with Strategic Acquisitions
LOS ANGELES- Las Vegas-based multistate cannabis operator Planet 13 Holdings Inc. is poised to expand its footprint in the Florida medical cannabis market following regulatory approval to sell its existing license in the state. The ...
California’s Cannabis Tax Collection Challenges Highlight Business Closure Impact
LOS ANGELES- California's cannabis industry faces significant fiscal challenges as a substantial portion of overdue taxes remains uncollected, primarily due to the closure of indebted businesses. According to a new report by Greenwave Advisors, the ...
