M4MM
Legal Cannabis Shows Economic Gains and Stable Teen Use Trends
LOS ANGELES— A recent analysis from the Marijuana Policy Project (MPP) indicates that legal adult‑use cannabis sales have generated approximately $24.7 billion in state tax revenue since legalization began in 2014, with $4.4 billion collected in 2024 ...
High-Potency Cannabis Strains Impact Legal and Health Systems
LOS ANGELES— The expansion of high-potency cannabis products—such as concentrated extracts, edibles, and potent vaping liquids is increasingly challenging health-care facilities and legal systems across North America. Emergency departments in the U.S. and Canada report ...
New Zealand Approves Psilocybin for Medicinal Use
LOS ANGELES— New Zealand’s government has authorized the prescription of psilocybin, the psychoactive compound found in so‑called “magic mushrooms,” for patients with treatment‑resistant depression. This marks the first time psilocybin has been approved for medical use ...
Hemp-Derived THC Beverages Are Booming as Cannabis Companies and Big Retail Jump In
NEW YORK- As federal cannabis reform remains stalled, a different kind of green wave is gaining momentum—this one is carbonated, hemp-based, and available online or at your local corner store. Hemp-derived THC beverages, which leverage ...
TILT Holdings Addresses Default Notices from Innovative Industrial Properties
LOS ANGELES- TILT Holdings Inc., a provider of cannabis business solutions, has received default notices from Innovative Industrial Properties (IIP) concerning two properties due to outstanding rental obligations. The properties in question are located ...
AYR Wellness Announces Leadership Changes
LOS ANGELES- AYR Wellness Inc., a U.S.-based multi-state cannabis operator, has announced recent adjustments to its executive team. Effective April 4, 2025, Steven M. Cohen stepped down as Interim Chief Executive Officer, a position he ...
Tariffs Expected to Increase Costs for U.S. Cannabis Consumers
LOS ANGELES- Recent tariff measures introduced by the U.S. administration are projected to raise the prices of cannabis products nationwide. The cannabis industry, which relies significantly on imports for various components, is poised to experience ...
Legal Cannabis Shows Economic Gains and Stable Teen Use Trends
LOS ANGELES— A recent analysis from the Marijuana Policy Project (MPP) indicates that legal adult‑use cannabis sales have generated approximately $24.7 billion in state tax revenue since legalization began in 2014, with $4.4 billion collected in 2024 ...
High-Potency Cannabis Strains Impact Legal and Health Systems
LOS ANGELES— The expansion of high-potency cannabis products—such as concentrated extracts, edibles, and potent vaping liquids is increasingly challenging health-care facilities and legal systems across North America. Emergency departments in the U.S. and Canada report ...
New Zealand Approves Psilocybin for Medicinal Use
LOS ANGELES— New Zealand’s government has authorized the prescription of psilocybin, the psychoactive compound found in so‑called “magic mushrooms,” for patients with treatment‑resistant depression. This marks the first time psilocybin has been approved for medical use ...
U.S. Cannabis Industry: Growth and Puzzles Across States
LOS ANGELES— The cannabis landscape in the U.S. is rapidly shifting, with each state crafting its narrative. From Maryland's remarkable entry to Michigan's booming market, Illinois's unique challenges, and Colorado's stellar tax earnings, the industry's ...
Maryland’s Recreational Cannabis Sales Surge Amid Varied Growth Across U.S. States
LOS ANGELES – Maryland's newly launched recreational cannabis market is already generating waves in the industry, boasting sales of $87.3 million in its inaugural month of July 2023. Despite the robust figures, a report from ...
Idaho Pushes to Introduce Medical Cannabis Amid Broader Regional Shift
LOS ANGELES— As the broader Pacific Northwest embraces cannabis legalization, Idaho remains a notable holdout. But Kind Idaho, an advocacy group, is undeterred, seeking to introduce medical cannabis in the state. In Idaho, where no ...
Ohio Governor and Health Officials Voice Opposition to Cannabis Legalization
LOS ANGELES — As Ohio inches closer to a potential shift in its stance on adult-use cannabis, significant opposition emerges from top state officials. Last week, Governor Mike DeWine (R) expressed his dissent, stating to ...
Quebec’s Cannabis Retail Landscape: The Struggles and Future Possibilities
TORONTO — While corner shops selling recreational cannabis have become a familiar sight in most major Canadian cities since its legalization five years ago, the landscape appears significantly different in Quebec. Toronto, Canada’s largest city, ...
New Mexico Appoints Colorado Cannabis Expert to Lead Regulatory Division
LOS ANGELES—In a move reflecting the growing significance of the cannabis industry in the Southwest, New Mexico's Cannabis Control Division has named Todd Stevens, a seasoned professional from Colorado's expansive cannabis market, as its next ...
Tilray Brands Expands into Alcoholic and Cannabis Beverages with Major Acquisitions
NEW YORK-- In a strategic move to diversify its portfolio, Tilray Brands, one of the world's largest cannabis companies, is broadening its reach into the alcoholic and cannabis beverage sectors. The company has recently announced ...
Filament Health Refiles Q2 Financial Results
LOS ANGELES-- Filament Health Corp. has refiled its second-quarter financial results for the period ending June 30, 2023, following an initial filing on May 12, 2023. The revision was necessitated by changes in the accounting ...
Greenlight Expands Cannabis Operations with New Acquisitions
LOS ANGELES-- In a significant move within the burgeoning cannabis industry, multistate operator Greenlight announced on Monday its acquisition of an operating recreational and medical dispensary in Las Vegas and an 18,000-square-foot cultivation facility in ...
Women Leaders In Cannabis Gather in San Diego for BLUNT BRUNCH
SAN DIEGO-Women leaders in cannabis recently gathered for the Blunt Brunch networking series, held this time in sunny San Diego. The event showcased attendees seen here preparing for a group photo in this short video ...
COMPASS Pathways Secures $285 Million in Private Funding
LONDON, England–COMPASS Pathways plc, (Nasdaq: CMPS) a London-based company listed on Nasdaq under the ticker CMPS, announced it has successfully secured $285 million in private funding. This funding is intended to advance the company's efforts ...
Organigram Holdings Secures Supply Agreement for UK Medical Cannabis Market
LOS ANGELES — Organigram Holdings, a Canadian licensed producer, has entered into a supply agreement with 4C Labs, a UK-based medical cannabis cultivator and digital healthcare provider. The partnership aims to provide dried medical cannabis ...
Missouri’s Cannabis Programs Under Audit for Accountability and Transparency
LOS ANGELES-- Missouri's Auditor, Scott Fitzpatrick, has initiated a comprehensive investigation into the state's medical and adult-use cannabis programs. The probe, as reported by KCTV, aims to ensure that these programs are operating within legal ...
COMPASS Pathways Announces Up to $285 Million Private Placement Financing
LONDON, UK-- COMPASS Pathways plc (CMPS), a biotechnology company dedicated to accelerating patient access to evidence-based innovation in mental health, today announced that it has entered into a securities purchase agreement with a select group ...
COMPASS Pathways Q2 2023 Financial Analysis
LOS ANGELES-- COMPASS Pathways, a biotech firm in the psychedelic medicine sector, has been under the spotlight since its inception. This year, the company's trajectory remains robust, as evidenced by its recent financial report and ...
