M4MM
FinCEN Reveals Steady Banking Access for Cannabis Businesses Despite Persistent Federal Barriers
WASHINGTON – A recent report from the Financial Crimes Enforcement Network shows that 816 banks and 182 credit unions filed suspicious activity reports (SARs) related to Cannabis businesses through the end of 2024, signaling stable ...
Texas Regulators Set Age Limit on Hemp-Derived THC Sales
AUSTIN – The Texas Alcoholic Beverage Commission (TABC) voted unanimously on Tuesday to bar liquor-license holders from selling hemp-derived THC products to customers under 21, marking the state's initial response to Governor Greg Abbott's call ...
High Tide Expands Canna Cabana Footprint in Ontario and Alberta
CALGARY – High Tide, Inc. announced plans to open three new Canna Cabana stores in the coming weeks, adding dispensaries in North York and Etobicoke, Ontario, and Fort McMurray, Alberta. The move pushes the company's ...
The DEA’s Time‑Warp Appointment: Terrance Cole and the Revival of “Reefer Madness”
WASHINGTON, D.C. –Terrance Cole, the newly confirmed Drug Enforcement Administration (DEA) Administrator, brings a worldview rooted in 1980s-era drug hysteria—one that dismisses decades of research, economic gains from cannabis legalization, and evolving public opinion. ...
Texas Governor Backs Regulation Over Ban in Hemp THC Showdown
DALLAS —Texas Governor Greg Abbott has drawn a firm line in the sand when it comes to the future of the hemp industry in the Lone Star State. In a public statement on July 22, ...
Single Psilocybin Dose Shows Promise in Easing OCD Symptoms, Study Finds
LOS ANGELES – In a pioneering study, researchers from the University of Hertfordshire and Imperial College have uncovered the potential of psilocybin to alleviate symptoms of obsessive-compulsive disorder (OCD). Published in Comprehensive Psychiatry on July ...
Glass House Raid Sparks Industry Fears and Rival Tensions
LOS ANGELES – Highly Capitalized Network-HCN is closely monitoring the unfolding developments following the July 10, 2025, when federal agents from Immigration and Customs Enforcement (ICE) and the Drug Enforcement Administration (DEA) stormed Glass House ...
FinCEN Reveals Steady Banking Access for Cannabis Businesses Despite Persistent Federal Barriers
WASHINGTON – A recent report from the Financial Crimes Enforcement Network shows that 816 banks and 182 credit unions filed suspicious activity reports (SARs) related to Cannabis businesses through the end of 2024, signaling stable ...
Texas Regulators Set Age Limit on Hemp-Derived THC Sales
AUSTIN – The Texas Alcoholic Beverage Commission (TABC) voted unanimously on Tuesday to bar liquor-license holders from selling hemp-derived THC products to customers under 21, marking the state's initial response to Governor Greg Abbott's call ...
High Tide Expands Canna Cabana Footprint in Ontario and Alberta
CALGARY – High Tide, Inc. announced plans to open three new Canna Cabana stores in the coming weeks, adding dispensaries in North York and Etobicoke, Ontario, and Fort McMurray, Alberta. The move pushes the company's ...
Alabama Medical Cannabis Commission Sets December Goal for Licensing Amid Legal Challenges
Alabama — After navigating through a series of legal hurdles and procedural delays, the Alabama Medical Cannabis Commission (AMCC) is now targeting December to finalize industry licenses, a move that its chairman describes as part ...
Kansas City Cannabis Workers Vote to Unionize, Joining Teamsters Local 955
LOS ANGELES— Employees at Home State Dispensary in Kansas City have made a landmark decision to unionize, becoming the first group of cannabis workers in the metro area to do so. The budtenders and inventory ...
MindMed Projects Operational Continuity into 2026 Amid Advancements in LSD-Based Anxiety Treatment
NEW YORK — Mind Medicine Inc. (MindMed), a biopharmaceutical company leading the charge in psychedelic drug development, has assured stakeholders of its financial viability well into 2026. This assurance comes even as the company, which currently ...
Optimi Health Secures CAD$1 Million in Non-Dilutive Debt Financing
TORONTO— Optimi Health Corp., a Canadian pioneer in psychedelic substance research and production, has successfully secured a non-dilutive Debt Financing Agreement (DFA) for a sum of CAD$1,000,000. This loan, provided by an arm's length party, ...
Senate Advances Bill Permitting VA Doctors to Recommend Cannabis to Veterans
WASHINGTON, D.C. — In a significant policy shift, the U.S. Senate has passed a bill that, among other directives, authorizes Department of Veterans Affairs (VA) physicians to recommend cannabis to veterans for medical purposes. This ...
Psyence Group Advances Psilocybin Production with Facility Expansion and Strategic Partnerships
LOS ANGELES- Psyence Group Inc. a trailblazer in the clinical-stage life sciences sector specializing in nature-derived psilocybin for mental health treatments, has announced significant developments in its Psyence Production division. The company takes pride in ...
U.S. Cannabis Operators Challenge Federal Enforcement in Landmark Lawsuit
LOS ANGELES- In a bold move that underscores the growing tension between state legislation and federal restrictions, a coalition of U.S. cannabis operators and investors has filed a lawsuit challenging the federal government's application of ...
Navigating Cannabis Conferences: A Comprehensive Guide for Companies
LOS ANGELES--If your company is gearing up to attend a cannabis conference, it's crucial to approach it with a well-thought-out strategy. The earlier you start your preparations, the better the results you can expect. My ...
Arizona Social Equity Cannabis License Holders Face Deadline Challenges
PHOENIX — As the state-mandated deadline of Sunday, Oct. 8, looms, more than half of Arizona’s social equity cannabis retail licensees risk missing the critical opening date for their businesses. Of the 26 license holders, ...
Economic Report Foresees Financial Upside for Ohio in Legalizing Recreational Cannabis
LOS ANGELES — A recent economic assessment suggests that Ohio could reap significant financial benefits should voters opt to legalize recreational cannabis use. As reported by the Ohio Capital Journal, analysis from the Columbus-based Scioto ...
Kanabo Partners with British Cannabis to Enhance Digital Health Services
LOS ANGELES- In a significant move to provide enhanced digital health services and specialty medicines, including medicinal cannabis, Kanabo (KNB), a patient-centric provider, has announced a collaborative partnership with British Cannabis. This collaboration will facilitate ...
Green Thumb Industries Opens Its 10th RISE Dispensary in Florida
NEW YORK— RISE Dispensaries, a burgeoning cannabis retail chain under Green Thumb Industries Inc., proudly announced the inauguration of RISE Dispensary Sun City Center. Marking their 10th retail footprint in Florida and the 86th on ...
Cybin Inc. Releases Interim Findings for Its Innovative Psilocybin Analog, CYB003
LOS ANGELES- In a major step for mental health treatment innovation, Cybin Inc. today publicized the interim results of its Phase 2 clinical trial for CYB003, its proprietary deuterated psilocybin analog. These findings highlight a ...
Las Vegas to Welcome New Cannabis Consumption Lounges Following CCB Decision
LOS ANGELES-- In a move reflecting the evolving landscape of the cannabis sector, the Nevada Cannabis Compliance Board (CCB) has awarded six conditional consumption lounge licenses, all set to be situated in Las Vegas. The ...
Virginia Judge Upholds State Law on Hemp Products in Notable Ruling
LOS ANGELES- In a notable legal decision, a federal judge in Northern Virginia declined to halt the enforcement of a recently established state law imposing stricter controls on hemp-derived products, as reported by the Virginia ...
