M4MM
Nebraska Reverses Access to Botanical Cannabis Under Emergency Regulations
LOS ANGELES- Nebraska Governor Jim Pillen approved emergency rules on June 29, establishing a medical cannabis licensing framework effective immediately for up to 90 days. The regulations respond to Measure 438, approved by voters in November 2024, ...
Analysis: A Tale of Two Markets: U.S. Cannabis at a Crossroads as Global Momentum Builds — and Backtracks
LOS ANGELES-The U.S. cannabis industry stands divided. Some state markets are opening and expanding, while others are contracting under the weight of high taxes, regulatory friction, and unrelenting illicit competition. But across all markets, uncertainty ...
California’s Cannabis Tax Hike Could Break the Legal Market — Just as It Was Starting to Stabilize
LOS ANGELES- California's legal cannabis market, already strained by price compression, regulatory overload, and illicit competition, took another hit on July 1 as the state’s cannabis excise tax officially jumped from 15% to 19%. The ...
Federal Inaction on Cannabis Exports May Cost U.S. Economy $10 Billion Annually
LOS ANGELES- The United States' federal stance on cannabis exports is potentially costing the economy up to $10 billion each year, according to industry analyses. While domestic cannabis sales are projected to reach $35.3 billion ...
LEEF Brands Reports Financial Results
LOS ANGELES- LEEF Brands Inc. a vertically integrated cannabis company based in California, has released its financial results for the first quarter of 2025 and the full year of 2024. The company reported a 19% ...
California Lawmakers Advance Bill to Halt Cannabis Excise Tax Increase
LOS ANGELES- California's legal cannabis industry is confronting a potential tax increase that stakeholders warn could exacerbate existing challenges. Assembly Bill 564 (AB 564), introduced by Assemblymember Matt Haney (D-San Francisco), seeks to prevent the ...
Glass House Brands Schedules Q1 2025 Earnings Call for May 13
LOS ANGELES- Glass House Brands Inc. a vertically integrated cannabis company focused on the California market, announced it will release its financial results for the first quarter of 2025 on Tuesday, May 13, after market ...
Nebraska Reverses Access to Botanical Cannabis Under Emergency Regulations
LOS ANGELES- Nebraska Governor Jim Pillen approved emergency rules on June 29, establishing a medical cannabis licensing framework effective immediately for up to 90 days. The regulations respond to Measure 438, approved by voters in November 2024, ...
Analysis: A Tale of Two Markets: U.S. Cannabis at a Crossroads as Global Momentum Builds — and Backtracks
LOS ANGELES-The U.S. cannabis industry stands divided. Some state markets are opening and expanding, while others are contracting under the weight of high taxes, regulatory friction, and unrelenting illicit competition. But across all markets, uncertainty ...
California’s Cannabis Tax Hike Could Break the Legal Market — Just as It Was Starting to Stabilize
LOS ANGELES- California's legal cannabis market, already strained by price compression, regulatory overload, and illicit competition, took another hit on July 1 as the state’s cannabis excise tax officially jumped from 15% to 19%. The ...
FARRIS FORWARD: Surviving a Down Market: 7 Tips for Cannabis Operators
FARRIS FORWARD: Welcome to Farris Forward, a new series of articles curated by Jon Farris and distributed by Highly Capitalized. The series highlights the insights and strategies being deployed by industry insiders and experts, offering ...
California Moves to Broaden Cannabis Consumer Rights with New Bills
LOS ANGELES- California lawmakers are moving forward with legislation aimed at enhancing the rights of cannabis consumers. Two significant bills have advanced to Governor Gavin Newsom's desk, which could potentially alter the current state of ...
SEC Files Lawsuit Against Rapid Therapeutic Science Laboratories Alleging Fraudulent Operations
LOS ANGELES- The U.S. Securities and Exchange Commission (SEC) has formally accused Texas-based company, Rapid Therapeutic Science Laboratories, and its founder, Donal Schmidt Jr., of engaging in a multi-faceted securities fraud and violations amounting to ...
NewLake Capital Partners Advances Revenue Strategy Amid Nascent U.S. Cannabis Sector
LOS ANGELES- The U.S. cannabis industry, which is in its nascent stages of development, has been shadowed by a perception of elusive profitability, regarded by investors as a distant goal rather than a current reality. ...
Clearmind Medicine Inc. Navigates Choppy Financial Waters, Raising $2.25M in U.S. Public Offering
LOS ANGELES- In a critical move to stabilize its financial position, psychedelic pharmaceutical biotech firm Clearmind Medicine Inc. has successfully completed a public offering exclusive to the United States, amassing approximately $2.25 million in funds. ...
Oklahoma Supreme Court Sidesteps Lawsuit on Escalated Cannabis Business Licensing Fees
OKLAHOMA CITY- In a significant development, the Oklahoma Supreme Court has decided not to hear a lawsuit challenging the hike in medical cannabis business fees, maintaining that the fees instituted by the Oklahoma Medical Marijuana ...
Cannabis Stocks Surge Amidst Favorable Regulatory Signals
NEW YORK, NY–In recent days, cannabis stocks have been on an upward trajectory, buoyed by positive regulatory developments. This rally has sparked optimism among investors, particularly in the Canadian Licensed Producers (LPs) and U.S. Multistate ...
Canopy Growth Foresees Strengthened Financial Position with $50 Million Private Placement
LOS ANGELES– In a significant move underscoring its commitment to fortifying its financial foothold, Canopy Growth Corporation, a player in the North American cannabis and consumer packaged goods sector, announced on Monday its entry into ...
COMPASS Pathways Secures $285 Million in Funding to Propel Psychedelic Research for Mental Health
LOS ANGELES- COMPASS Pathways, a biotechnology company at the forefront of mental health innovation, recently secured $285 million in private financing to further its research into the potential benefits of psychedelic medicines. The infusion of ...
Columbia Care Advances Financial Strategy with $25 Million Private Placement
NEW YORK - Columbia Care Inc., a cultivator, manufacturer, and retailer of cannabis products in the U.S, has embarked on the next stage of its strategy to enhance its balance sheet, commencing with a private ...
Curaleaf Employees in Phoenix Stage Strike Demanding Fair Contract Negotiations
PHOENIX- Employees at a Curaleaf Holdings Inc. dispensary in Phoenix took a bold step last Friday, initiating a strike aimed at pushing the company's executives to actively engage in contract negotiations. This marks a historic ...
Chicago City Council Ponders Restrictions on Sale of Hemp-Derived THC Products
CHICAGO CITY- In a bid to address what is being termed as "a public health crisis" related to the unregulated sale of hemp-derived products containing THC variants like delta-8, delta-10, and THC-O, the Chicago City ...
Florida’s Cannabis Industry Flourishes Amid Market Fluctuations and Prospective Mergers
LOS ANGELES-- Florida's burgeoning medical cannabis industry, already valued at over $1.4 billion, is witnessing a period of robust growth, driven not only by an increasing number of patient registrations but also by an expansion ...
Oklahoma’s New Tiered Fee Structure for Cannabis Operators Faces Legal Challenge
OKLAHOMA CITY- In the unfolding legal landscape surrounding the medical cannabis industry in Oklahoma, the state Supreme Court has recently opted not to hear a challenge to a new law that significantly alters the fee ...
New Horizon in Federal Drug Policy: Anticipated Rescheduling of Cannabis May Herald Transformative Changes
LOS ANGELES --In a move signaling potential transformative shifts in federal drug policy, the Department of Health and Human Services (HHS) has urged the Drug Enforcement Administration (DEA) to revisit the categorization of cannabis under ...
