M4MM
US Cannabis Industry Poised to Top $123 Billion Economic Impact in 2025
LOS ANGELES–Despite mounting challenges, the U.S. cannabis industry is on track to generate a staggering $123.6 billion in total economic impact in 2025, according to new projections from the MJBiz Factbook. That’s a 9% increase ...
TerrAscend Exits Michigan Market; Bay City–Burton Dispensaries to Close
LOS ANGELES -TerrAscend Corp., a publicly traded multi-state cannabis operator, announced plans to exit its Michigan operations by September 2025. The decision includes closing 20 retail outlets, including dispensaries in Bay City and Burton, along ...
Vireo Growth and Curio Wellness Forge Partnership to Enter New York Market
LOS ANGELES- Vireo Growth Inc. and Curio Wellness have announced a manufacturing-and-distribution agreement aimed at introducing Curio’s Best Self Collection into New York’s licensed cannabis market. Vireo will leverage its existing infrastructure to produce and ...
Organigram to Announce Q2 Fiscal 2025 Results
LOS ANGELES- Organigram Global Inc. is scheduled to release its financial results for the second quarter of fiscal 2025, ending March 31, on Monday, May 12, 2025, before market open. The company will host a ...
Curaleaf Launches Hemp-Only Retail Store in Florida Following Cannabis Legalization Setback
LOS ANGELES- In the aftermath of Florida's unsuccessful bid to legalize recreational cannabis, Curaleaf Holdings, Inc. has inaugurated its first hemp-exclusive retail outlet, The Hemp Company, in West Palm Beach. This establishment offers hemp-derived THC ...
St. Louis Dispensary Chain Faces Lawsuit Over Unpaid Cannabis Product Invoices
LOS ANGELES- Curio Manufacturing, a cannabis supplier, has filed a lawsuit against Heya Missouri Holdings, alleging nonpayment for cannabis products valued at $61,126. The lawsuit claims that Curio shipped these products to Heya's three dispensary ...
California’s Cannabis Excise Tax Increase Sparks Industry Concerns
LOS ANGELES- Effective July 1, 2025, California's cannabis excise tax will rise from 15% to 19%, as mandated by Assembly Bill 195 signed in 2022. This adjustment, announced by the California Department of Tax and ...
US Cannabis Industry Poised to Top $123 Billion Economic Impact in 2025
LOS ANGELES–Despite mounting challenges, the U.S. cannabis industry is on track to generate a staggering $123.6 billion in total economic impact in 2025, according to new projections from the MJBiz Factbook. That’s a 9% increase ...
TerrAscend Exits Michigan Market; Bay City–Burton Dispensaries to Close
LOS ANGELES -TerrAscend Corp., a publicly traded multi-state cannabis operator, announced plans to exit its Michigan operations by September 2025. The decision includes closing 20 retail outlets, including dispensaries in Bay City and Burton, along ...
Vireo Growth and Curio Wellness Forge Partnership to Enter New York Market
LOS ANGELES- Vireo Growth Inc. and Curio Wellness have announced a manufacturing-and-distribution agreement aimed at introducing Curio’s Best Self Collection into New York’s licensed cannabis market. Vireo will leverage its existing infrastructure to produce and ...
U.S. Targets Chinese Firms Over Fentanyl Production
WASHINGTON — In a firm response to the surge of synthetic opioids like fentanyl linked to overdose deaths, the Biden administration unveiled a series of indictments and sanctions targeting Chinese firms and executives implicated in ...
Cannabis Stocks Show Resurgence Amid Regulatory Optimism
NEW YORK- Cannabis stocks, as reflected by the Global Cannabis Stock Index, experienced an explosive upturn on August 30, in light of recent revelations. The Department of Health and Human Services proposed to the DEA ...
California Cannabis Bills Await Governor’s Signature: Implications for Social Equity and Business
LOS ANGELES— A recent session saw California lawmakers passing multiple cannabis-related bills, with the industry carefully watching provisions that address social equity concerns, consumption lounges, and product labeling. Governor Gavin Newsom has until October 14 ...
MediPharm Settles $9 Million Dispute with HEXO Following Tilray’s Acquisition
TORONTO — The landscape of the Canadian cannabis industry experienced a recent shift with the news of MediPharm's $9 million settlement, resolving a lingering commercial disagreement with HEXO. The announcement comes on the heels of ...
U.S. Senate Banking Committee Advances SAFER Banking Act: A Look at the Stance and Votes
WASHINGTON — The U.S. Senate Banking Committee's anticipated markup of the SAFER Banking Act took place on Sept. 27, marking significant progress in the upper chamber for the legislation. The bill aims to streamline cannabis-related ...
Federal Judge Halts Arkansas Ban on Hemp-derived THC Products
LOS ANGELES- A significant judicial ruling in Arkansas has stalled the state's efforts to reclassify and criminalize hemp-derived THC products. U.S. District Court Judge Billy Roy Wilson issued an order preventing the enforcement of a ...
Ohio Voters Show Strong Support for November’s Cannabis Legalization Measure
COLUMBUS- As Ohio prepares for the upcoming November elections, new data reveals that the majority of the state's voters are leaning towards the approval of a cannabis legalization measure. The poll, commissioned by the Coalition ...
MJUnpacked Conference in Detroit: Where Retailers and Brands Meet Investors in Cannabis
DETROIT–Michigan is set to become the epicenter of the cannabis industry as the highly anticipated MJUnpacked Conference unfolds from October 10th to 12th, 2023. This distinctive event, organized by Jage Media, Inc., promises an exclusive ...
Benzinga Awards Ceremony: Meet The Winners from Chicago 2023
The prestigious Benzinga Cannabis Awards, now in their second year, were recently unveiled during the Benzinga Cannabis Capital Conference held in Chicago on September 27-28. These awards serve as a beacon, illuminating the luminaries of ...
Texas Appeals Court Upholds Injunction Against Delta-8 THC Ban
LOS ANGELES- In the ever-evolving landscape of hemp regulation, Texas has encountered more than its fair share of bumps. On Thursday, a significant turn took place as a Texas appeals court upheld a temporary injunction ...
Verano Holdings and TILT Join Forces for Breast Cancer Awareness Month
LOS ANGELES- In a commendable move, Verano Holdings Corp. is prepping for its third annual Breast Cancer Awareness Month campaign, which will commence on October 1st. This extensive initiative will span eleven states, showcasing the ...
Curaleaf Sets Pricing for C$16 Million Offering of Subordinate Voting Shares
LOS ANGELES- In a significant development in the cannabis industry, U.S.-based Curaleaf, a leading provider of consumer cannabis products, has determined the pricing for its marketed offering of subordinate voting shares. As per the announcement, ...
American Nurses Association Recognizes Cannabis as Specialty Practice Area
LOS ANGELES- The American Nurses Association (ANA), representing over 5 million nurses in the United States, has formally recognized cannabis as a distinct nursing specialty practice. This announcement, made in a press release on Wednesday, ...
Schumer Expresses Strong Support for Cannabis Banking Reform in Senate
WASHINGTON- Senate Majority Leader Chuck Schumer (D-N.Y.) emphasized his support for cannabis banking reform during his speech on the Senate floor this Wednesday. Addressing the Senate, Schumer discussed the ongoing committee markup for the bipartisan ...
Numinus Wellness Seeks C$10 Million Capital Injection Through Share Sale
LOS ANGELES- Vancouver's Numinus Wellness Inc., a pioneer in the psychedelics space, unveiled plans to generate an additional C$10 million through an at-the-market equity program. However, the exact count of shares to hit the market ...
