M4MM
Verano Taps Arizona Partner to Introduce Grow Sciences’ Cannabis Line in Illinois
LOS ANGELES- Verano Holdings Corp. a vertically integrated multi-state cannabis operator, entered into an exclusive distribution partnership with Arizona-based Grow Sciences to launch a curated selection of premium cannabis flower and solventless extracts in Illinois. Starting ...
Court Reverses Health Canada’s Ban on Psilocybin Training for Clinicians
LOS ANGELES- A recent decision by the Federal Court of Appeal ruled that Health Canada’s 2022 refusal to grant exemptions allowing health-care professionals to participate in experiential psilocybin training was unreasonable. The court determined that ...
Minnesota Enacts Law Enhancing Employment Protections for Medical Cannabis Patients
LOS ANGELES— A new Minnesota law, Senate File 2370 (SF 2370), which took effect on May 24, 2025, introduces expanded employment protections for registered medical cannabis patients. Under the law, employers must now provide a ...
Tilray Brands Reports Third Quarter Fiscal 2025 Financial Results
LOS ANGELES--Tilray Brands, Inc. reported net revenue of $185.8 million for the third quarter of fiscal year 2025, ending February 28. This represents a 1.4% decrease from the $188.3 million reported in the same quarter ...
Virginia General Assembly Upholds Governor’s Vetoes on Cannabis Legislation
LOS ANGELES-The Virginia General Assembly recently convened to address Governor Glenn Youngkin's vetoes and amendments on various legislative measures, including those pertaining to cannabis regulation. Despite efforts by Democratic lawmakers to overturn the vetoes, the ...
Organigram Acquires Collective Project to Enter U.S. Cannabis Beverage Market
LOS ANGELES- Organigram Global Inc. has acquired Collective Project Limited, a producer of cannabis and hemp-derived infused beverages. The acquisition involves an initial payment of approximately 6.2 million Canadian dollars (about $4.3 million), with potential ...
Trump’s Tariffs, Social Program Cuts, and the Future of the Cannabis Industry
NEW YORK- Economic policy doesn’t just influence government budgets—it reshapes entire industries. For the U.S. cannabis sector, still federally illegal and structurally fragmented, proposed tariffs and social program cuts under a second Trump administration could ...
Verano Taps Arizona Partner to Introduce Grow Sciences’ Cannabis Line in Illinois
LOS ANGELES- Verano Holdings Corp. a vertically integrated multi-state cannabis operator, entered into an exclusive distribution partnership with Arizona-based Grow Sciences to launch a curated selection of premium cannabis flower and solventless extracts in Illinois. Starting ...
Court Reverses Health Canada’s Ban on Psilocybin Training for Clinicians
LOS ANGELES- A recent decision by the Federal Court of Appeal ruled that Health Canada’s 2022 refusal to grant exemptions allowing health-care professionals to participate in experiential psilocybin training was unreasonable. The court determined that ...
Minnesota Enacts Law Enhancing Employment Protections for Medical Cannabis Patients
LOS ANGELES— A new Minnesota law, Senate File 2370 (SF 2370), which took effect on May 24, 2025, introduces expanded employment protections for registered medical cannabis patients. Under the law, employers must now provide a ...
Declining Prices Boost Cannabis Sales in British Columbia
LOS ANGELES — As cannabis prices in British Columbia continue their descent, the province is experiencing a boom in sales, according to the latest wholesale quarterly report covering April to June 2023. Released data offers ...
Ohio Set to Decide on Adult-Use Cannabis Legalization this November
LOS ANGELES-– Ohioans will have the chance to make their state the 24th in the U.S. to authorize adult-use cannabis, after state officials greenlit ballot language for a November vote. The Ohio Ballot Board, comprising ...
Texas Cities Pivot Toward Cannabis Decriminalization Amidst Statewide Stalemate
LOS ANGELES — Several Texas cities, in a progressive stride, are taking individual steps toward decriminalizing cannabis possession, a move seen as a response to the state Senate's reluctance to pass a House-endorsed bill centered ...
Swiss Pilot Program Explores Regulated Cannabis Sales
ZURICH — In an innovative exploration of the cannabis market, Switzerland has launched a pilot program named “Züri Can – Cannabis with Responsibility.” The program, which began on August 22, will be a three-year study ...
New Guidelines Published for Psychedelic-Assisted Therapy
LOS ANGELES-- In a landmark move, the American Psychedelic Practitioners Association (APPA) and BrainFutures have released what's being heralded as the first set of professional practice guidelines for psychedelic-assisted therapy. This step comes at a ...
Legal Debate Continues Over Alabama Medical Cannabis Licences
MONTGOMERY, Ala. — The road to medical cannabis access in Alabama remains blocked as a legal battle unfolds over the methods employed in selecting companies for the potentially lucrative licenses. In the heart of Montgomery ...
New Jersey Dedicates $15 Million from Cannabis Tax Fund to Violence Intervention Programs
TRENTON, NJ — Governor Phil Murphy, in collaboration with Attorney General Matthew J. Platkin, recently unveiled an initiative committing $15 million to Community-Based Violence Intervention (CBVI) programs, with a portion of these funds stemming from ...
Big Plan Holdings and Evelyn Capital Collaborate on $3.25 Million Cannabis Property Acquisition in Pennsylvania
LOS ANGELES— At the nexus of music, fashion, and sports, a realm which now encapsulates the burgeoning cannabis industry, Big Plan Holdings has joined forces with Evelyn Capital. Their recent collaboration has culminated in the ...
Missouri Tackles “Lab Shopping” with Enhanced Cannabis Testing Regulations
LOS ANGELES — Missouri, in its latest bid to bolster the integrity of its burgeoning cannabis sector, has ushered in stringent rules to stymie the practice of "lab shopping"— a trend where cannabis producers take ...
Verano Holdings Files Lawsuit Against Alabama Medical Cannabis Commission
LOS ANGELES — Verano Holdings, a Chicago-based cannabis operator, has filed a lawsuit against the Alabama Medical Cannabis Commission (AMCC) following the revocation of a business license that was initially granted to the company. This ...
Cannabis Industry Gets Tax Relief in California Cities
LOS ANGELES — A shift in perception among California’s local government officials has resulted in the reduction or elimination of various local taxes on legal cannabis. This change is primarily driven by the realization that ...
South Dakota Medical Cannabis Program Sees Exponential Growth, Outpacing Projections
LOS ANGELES — South Dakota's medical cannabis program has issued nearly twice as many patient cards as initially projected, according to the state official responsible for overseeing the initiative. Jennifer Seale, the administrator for the ...
Maryland Town and Trulieve Cannabis in Dispute Over Equity Deal
LOS ANGELES — An unfolding financial dispute between the small Maryland town of Hancock and the Florida-based cannabis giant, Trulieve Cannabis, highlights the intricate dynamics of municipal investments in the rapidly evolving cannabis industry. Dating ...
Canadian Cannabis Sales Set New Monthly Record, Rising to C$426.6 Million in June
TORONTO— Statistics Canada's recent report reveals a burgeoning cannabis market, with June retail sales reaching a record C$426.6 million, marking a 2.6% uptick from May's slightly revised C$415.7 million. The surge, which equates to 6.0% ...
Psilera Gains U.S. Patent Approval for Next-Gen Mental Health Treatment Solutions
LOS ANGELES-- In a move that underscores the shifting landscape of mental health therapy, Tampa-based biopharmaceutical company Psilera announced on Wednesday that it has received a notice of allowance from the U.S. Patent and Trademark ...
