M4MM
From $700 Million Unicorn to Fire-Sale Exit: What the Eaze–Vireo Deal Says About California Cannabis
LOS ANGELES- When Eaze first burst onto the scene, it was marketed as the “Uber of Cannabis”—a tech-enabled delivery platform that promised to professionalize and scale legal access across California. At its peak, Eaze ...
Arizona Ballot Measure Targets Cannabis Retail Shutdown
PHOENIX – A conservative-backed campaign in Arizona has launched an effort to roll back key elements of the state's adult-use Cannabis program, filing a ballot initiative last month that would shutter licensed dispensaries and end ...
Fluent Offloads Pennsylvania Dispensaries
NEW YORK – Fluent Corp. has finalized the sale of its three Pennsylvania dispensaries to HIVE Holdings Inc. for $12.5 million in cash, marking a deliberate shift toward debt reduction and operational efficiency. The deal ...
Global Cannabis Market Tightens Amid Surging Demand and Supply Snags
LOS ANGELES – Germany's medical Cannabis imports jumped more than 400% in H1 2025, pushing the European market into a period of rapid expansion and testing the limits of international supply chains. That surge has ...
Ex-Prosecutor Calls for Psilocybin Therapy Legalization in NY
NEW YORK – A former narcotics prosecutor who once enforced drug laws now argues that New York must open the door to psilocybin-assisted therapy, framing it as a necessary step toward treating chronic pain and ...
Supply Bottlenecks Stall Minnesota’s Adult-Use Cannabis Launch
MINNEAPOLIS – Minnesota's adult-use Cannabis sector kicked off with fanfare, but operators on the ground report bare shelves and mounting bills as wholesale supplies fail to keep pace with licensed retail outlets. The Office of ...
Former Texas Governor Rick Perry Champions Ibogaine Research at Dallas Documentary Films Event
DALLAS – Former Texas Governor Rick Perry called for broader access to ibogaine, a psychedelic compound derived from the African iboga shrub, during a panel discussion following a screening of documentary clips on Thursday night. ...
From $700 Million Unicorn to Fire-Sale Exit: What the Eaze–Vireo Deal Says About California Cannabis
LOS ANGELES- When Eaze first burst onto the scene, it was marketed as the “Uber of Cannabis”—a tech-enabled delivery platform that promised to professionalize and scale legal access across California. At its peak, Eaze ...
Arizona Ballot Measure Targets Cannabis Retail Shutdown
PHOENIX – A conservative-backed campaign in Arizona has launched an effort to roll back key elements of the state's adult-use Cannabis program, filing a ballot initiative last month that would shutter licensed dispensaries and end ...
Fluent Offloads Pennsylvania Dispensaries
NEW YORK – Fluent Corp. has finalized the sale of its three Pennsylvania dispensaries to HIVE Holdings Inc. for $12.5 million in cash, marking a deliberate shift toward debt reduction and operational efficiency. The deal ...
Mississippi to Revoke License of Medical Cannabis Testing Lab After Rule Violations
LOS ANGELES — In a significant move that highlights the stringent regulatory landscape of the medical cannabis industry, the Mississippi State Department of Health (MSDH) has announced plans to revoke the operating license of Rapid ...
Veterans and Law Enforcement Leaders Call on Biden to Reschedule Cannabis
NEW YORK- In a significant push for cannabis reform, leading veterans organizations and U.S. law enforcement officials have rallied together, urging the Biden Administration to consider the rescheduling of cannabis under the federal Controlled Substances ...
Oklahoma Introduces Bill to Ban Foreign Land Ownership
LOS ANGELES- In an effort to combat illegal cannabis cultivation, Oklahoma legislators have proposed a bill aimed at prohibiting foreign land ownership within the state. House Bill 3125, introduced to the Oklahoma House of Representatives ...
Maryland’s Cannabis Licensing Rush: A Beacon of Social Equity and Industry Diversity
LOS ANGELES- In a significant move for the cannabis industry, Maryland has initiated a pioneering step with the approval of nearly 1,500 applicants, all vying for a mere 179 cannabis licenses. This development marks a ...
Arkansas AG Greenlights Medical Cannabis Ballot Initiative with Path to Adult-Use Legalization
NEW YORK- In a significant development for cannabis reform, Arkansas Attorney General Tim Griffin approved a revised ballot initiative aimed at enhancing medical cannabis access in the state. This initiative, now set for a potential ...
Numinus Wellness Secures $6 Million in Public Offering to Fuel Psychedelic-Assisted Therapy Initiatives
LOS ANGELES- Numinus Wellness, a Vancouver-based healthcare company specializing in the innovative field of psychedelic-assisted therapies, has announced the successful completion of a significant financial milestone. Through a "bought deal" public offering, the company has ...
Ascend Wellness Boosts Massachusetts Presence with Second Cultivation License Acquisition
LOS ANGELES- Ascend Wellness Holdings, Inc., a player in the cannabis industry, has announced its acquisition of a second cultivation license and associated operations in Massachusetts, marking a significant expansion of its cultivation and production ...
Rhode Island Governor Proposes Tax Relief for Cannabis Industry to Counteract IRS Code 280E
LOS ANGELES- In a significant move aimed at supporting the cannabis industry, Rhode Island Governor Dan McKee has unveiled a proposal to decouple state tax codes from federal tax regulations, specifically targeting the financial strains ...
FSD Pharma Announces Market Offering Agreement to Fund Research and Development
NEW YORK- FSD Pharma a biopharmaceutical company focused on developing a diverse portfolio of innovative assets and biotechnological solutions, has unveiled a strategic market offering agreement with H.C. Wainwright & Co. LLC. This collaborative effort ...
New York Cannabis Control Board Advances with Adult-Use Licenses and Research Initiatives
NEW YORK- In a pivotal move to advance the state’s cannabis industry, the New York Cannabis Control Board (CCB) approved the first round of adult-use cannabis business licenses and introduced draft rules for home cultivation. ...
South Carolina Advances on Medical Cannabis
LOS ANGELES- In a significant legislative development, South Carolina's Senate has passed the Compassionate Care Act of 2024, propelling the state towards potentially establishing a medical cannabis program. However, this move, marked by stringent regulations, ...
DEA Misses Deadline to Respond to Senators on Cannabis Rescheduling
NEW YORK- In a notable lapse, the Drug Enforcement Administration (DEA) and Attorney General Merrick Garland did not meet the February 12 deadline to answer critical inquiries from a group of 12 U.S. senators concerning ...
Illinois Takes Bold Step Towards Psilocybin Therapy Legalization with the CURE Act
LOS ANGELES- In an ambitious move to address the growing mental health crisis, Illinois State Senator Rachel Ventura has introduced the Compassionate Use and Research of Entheogens (CURE) Act, a legislative proposal aimed at legalizing ...
Clearmind Medicine Inc. Advances Psychedelic Therapeutics with New Patent Applications
NEW YORK– Clearmind Medicine Inc. a biotech firm dedicated to the discovery and development of novel psychedelic-derived therapeutics, has taken significant steps to enhance its intellectual property (IP) portfolio through the submission of three patent ...
Ohio’s Recreational Cannabis Rollout Mired in Political and Legislative Hurdles
NEW YORK- Ohio's journey towards implementing a recreational cannabis program is encountering significant obstacles, as the state grapples with legislative standstills and political disagreements. Despite the recent legalization, the path to operationalizing the program remains ...
