M4MM
Connecticut Lawmakers Expand Psychedelics Access
HARTFORD – Connecticut's Joint Committee on Public Health approved a bill that broadens the state's pilot program for psychedelic-assisted therapy, opening it to adults beyond just veterans and first responders. The measure, Senate Bill 191, ...
RYTHM Reports Q4 and FY 2025 Financial Results
ROLLING MEADOWS – RYTHM Inc. delivered a significant revenue leap in 2025, fueled by licensing deals in the fast-growing low-dose Cannabis alternatives market. Full-year sales hit $17.3 million, yet the company posted a $33.3 million ...
California Collected $255M in Q4 Cannabis Tax Revenue
SACRAMENTO – California collected $255.1 million in Cannabis tax revenue during the fourth quarter of 2025, marking a decline from the previous quarter as sales softened and a short-term tax adjustment ended. The total includes ...
Cannabis Market’s Hidden Scale: New Estimates Point to $90B U.S. Potential
LOS ANGELES – Viridian Capital Advisors' latest Chart of the Week dives into recreational Cannabis sales across nine mature markets (Michigan, Montana, Alaska, New Mexico, Massachusetts, Colorado, Oregon, Washington, and Nevada) to gauge true consumer ...
Republican State AGs Challenge Trump’s Cannabis Rescheduling Directive
LOS ANGELES – A coalition of Republican attorneys general from eight states has publicly rejected President Donald Trump's recent Executive Order to reschedule Cannabis under the Controlled Substances Act, citing persistent risks to public safety ...
Banks Still Hesitant on Expanding Services for Cannabis Businesses Post-Trump Rescheduling Order
LOS ANGELES – President Donald Trump's Executive Order fast-tracked the move to reschedule Cannabis under the Controlled Substances Act, aiming to ease research barriers and tax deductions for state-legal operators. Yet even as this policy ...
Atai Gains Nasdaq Biotechnology Index Spot
NEW YORK – AtaiBeckley N.V., the clinical-stage biopharmaceutical firm born from the November merger of atai Life Sciences and Beckley Psytech, has secured a place in the Nasdaq Biotechnology Index (NBI), a move that underscores ...
Connecticut Lawmakers Expand Psychedelics Access
HARTFORD – Connecticut's Joint Committee on Public Health approved a bill that broadens the state's pilot program for psychedelic-assisted therapy, opening it to adults beyond just veterans and first responders. The measure, Senate Bill 191, ...
RYTHM Reports Q4 and FY 2025 Financial Results
ROLLING MEADOWS – RYTHM Inc. delivered a significant revenue leap in 2025, fueled by licensing deals in the fast-growing low-dose Cannabis alternatives market. Full-year sales hit $17.3 million, yet the company posted a $33.3 million ...
California Collected $255M in Q4 Cannabis Tax Revenue
SACRAMENTO – California collected $255.1 million in Cannabis tax revenue during the fourth quarter of 2025, marking a decline from the previous quarter as sales softened and a short-term tax adjustment ended. The total includes ...
Florida Supreme Court to Decide Fate of Cannabis Legalization
LOS ANGELES- The Florida Supreme Court is set to make a pivotal decision regarding the appearance of an adult-use cannabis legalization amendment on the November ballot, according to ClickOrlando. This determination follows a challenge by ...
Organigram Announces Investment in Open Book Extracts
NEW YORK- Organigram Holdings, a Canadian cannabis company, announced a $2 million investment in North Carolina-based Open Book Extracts. This move signifies Organigram's entry into the U.S. cannabis market, facilitated by an investment from British ...
Algernon Pharmaceuticals Advances Research Program
LOS ANGELES – In a significant move that underscores its commitment to innovative medical research, Algernon Pharmaceuticals Inc. announced its decision to prioritize its AP-188 ("N,N-Dimethyltryptamine" or "DMT") stroke research program. This announcement follows the ...
Germany Ushers in a New Era with Adult-Use Cannabis Legalization
BERLIN- As the clock struck midnight in Germany, transitioning from March 31st to April 1st, the nation embraced a historic shift in its drug policy landscape. Germany’s new adult-use cannabis legalization law, known as the ...
Colombia’s Medical Cannabis Exports Surge to $10.8 Million Amid Regulatory Enhancements
BOGOTA- In a notable advancement for Colombia's burgeoning medical cannabis industry, exports have seen a significant rise, reaching $10.8 million in 2023, as reported by ProColombia, a key government agency dedicated to fostering nontraditional Colombian ...
Glass House Brands Report Revenue and Profits
LOS ANGELES- In a notable financial turnaround, Glass House Brands, a California-based cannabis producer and retailer, reported significant growth in its fourth-quarter earnings, leading to a record revenue of $160.8 million for the fiscal year ...
ICER Raises Concerns Over MDMA-Assisted Psychotherapy for PTSD
LOS ANGELES- The Institute for Clinical and Economic Review (ICER) has recently highlighted significant concerns regarding the clinical evidence behind MDMA-assisted psychotherapy (MDMA-AP) for post-traumatic stress disorder (PTSD), according to a draft evidence report. This ...
Psilera Strengthens Board with Neuroscience
TAMPA –Psilera, a biotechnology company specializing in novel treatments for complex neurological disorders, has announced the addition of Dr. Magali Haas, M.D., Ph.D., to its Board of Directors. Dr. Haas, with an illustrious career spanning ...
Ayr Wellness Expands Florida Investment with Increased Mortgage on Cultivation Facility
LOS ANGELES- In a strategic move to bolster its presence in the burgeoning Florida cannabis market, Ayr Wellness, a prominent multistate operator, has announced an $8.4 million increase in the mortgage for its Gainesville cultivation ...
Colorado Cannabis Cultivators Granted Expanded Access to New Genetics
NEW YORK- In a significant legislative update, Colorado's cannabis cultivators are set to benefit from an expanded array of genetic resources, thanks to the enactment of Senate Bill 23-271 in January. This move, part of ...
Virginia Governor Vetoes Cannabis Legalization Bill
LOS ANGELES- In a decisive move that prolongs the status quo, Virginia Governor Glenn Youngkin has vetoed a bill aimed at legalizing the sale of adult-use cannabis in the state, citing concerns over public health ...
High Tide Acquires Premium Cannabis Brand Queen of Bud
LOS ANGELES- In a strategic move High Tide Inc. has officially completed its acquisition of the esteemed Queen of Bud brand, including its intellectual property, trademarks, and other valuable assets. This acquisition, announced on March ...
Cannabis Legislation at a Crossroads: Florida and Virginia Poised for Policy Shifts
LOS ANGELES- In a significant moment for cannabis policy in the United States, Florida and Virginia stand on the precipice of joining the expanding roster of states with legal cannabis markets. Despite facing distinct legislative ...
Colorado’s Cannabis Cultivation Landscape Evolves with New Genetic Sourcing Laws
LOS ANGELES- In a significant development for Colorado's cannabis industry, Senate Bill 23-271, effective since January, has introduced new regulations allowing cultivators to source genetics from a broader array of entities. This legislative shift aims ...
Optimi Health Corp. Expands Its Global Reach with MDMA Supply Agreement to Israeli Research Institute
LOS ANGELES – In a landmark move for psychedelic medicine, Optimi Health Corp., a preeminent manufacturer of psychedelics licensed by Health Canada, has announced a groundbreaking international supply agreement with The Institute for Psychedelic Research ...
