M4MM
Kansas Poll Shows Broad Support for Cannabis Reform
TOPEKA – A recent survey of Kansas residents highlights growing public enthusiasm for Cannabis policy changes, with nearly seven in ten adults endorsing medical use and close to six in ten favoring recreational access. A ...
Cybin Raises $175M in Direct Offering, Reinforcing Psychedelic Pipeline
TORONTO – Cybin Inc., a clinical-stage biopharmaceutical company focused on psychedelic-based treatments for mental health disorders, disclosed a $175 million registered direct offering, drawing commitments from a roster of established biotech investors. The deal, priced ...
MariMed Steps Away from Missouri Operations
NORWOOD – In a sharp turn from expansion plans, MariMed Inc. announced it is shutting down its Missouri operations, ending a yearlong effort to build a foothold in the state's burgeoning recreational market and opting ...
Cannabist Finalizes Pennsylvania Dispensary Sale, Prioritizing Wholesale Model
NEW YORK – The Cannabist Company Holdings Inc., a major player in the U.S. Cannabis sector, has completed the sale of its Pennsylvania retail operations for $10 million in cash. The buyer, VP Investment Holdings ...
Rubicon Organics Reports Q2 2025 Financial Results
VANCOUVER, BC – Rubicon Organics Inc., a leading Canadian producer of premium organic Cannabis, announced financial results for the second quarter ending June 30, 2025. The company reported net revenue of $15 million, a 24% ...
Week In Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – Lively discussions were fueled last week by policy developments, financial reports, and strategic expansions in the Cannabis and Psychedelics industries. From federal rescheduling debates to global market moves, the Highly Capitalized Network ...
A LIFE IN A DAY: David Peck, CEO of Headquarters
LOS ANGELES- In this edition of A LIFE IN A DAY, Highly Capitalized Network catches up with David Peck, the founder and CEO of Headquarters (HQ)—an operations partner for Cannabis businesses across the country. Headquarters ...
Kansas Poll Shows Broad Support for Cannabis Reform
TOPEKA – A recent survey of Kansas residents highlights growing public enthusiasm for Cannabis policy changes, with nearly seven in ten adults endorsing medical use and close to six in ten favoring recreational access. A ...
Cybin Raises $175M in Direct Offering, Reinforcing Psychedelic Pipeline
TORONTO – Cybin Inc., a clinical-stage biopharmaceutical company focused on psychedelic-based treatments for mental health disorders, disclosed a $175 million registered direct offering, drawing commitments from a roster of established biotech investors. The deal, priced ...
MariMed Steps Away from Missouri Operations
NORWOOD – In a sharp turn from expansion plans, MariMed Inc. announced it is shutting down its Missouri operations, ending a yearlong effort to build a foothold in the state's burgeoning recreational market and opting ...
Arizona Cannabis Sales Drop, But Annual Projection Remains Strong
LOS ANGELES-- Arizona's cannabis sales have experienced a significant downturn in 2023, with the lowest recorded sales in July. Nevertheless, annual projections for the state's cannabis market are optimistic and are still expected to parallel ...
Missouri-based Hwy35 Secures $22 Million Funding for Cannabis Facility in Minnesota
LOS ANGELES- As Minnesota joins the growing list of states legalizing adult-use cannabis, Missouri-based cannabis operator, Hwy35, is already laying down roots in the state with a significant $22 million funding boost from Minnesota state ...
Harvard University Embarks on Groundbreaking Study of Psychedelics
CAMBRIDGE- Harvard University, a name synonymous with academic excellence, is venturing into a new interdisciplinary field of study. The institution has announced the establishment of the Study of Psychedelics in Society and Culture, funded by ...
Canada Marks Five Years of Cannabis Legalization: A Look Back and Ahead
LOS ANGELES- October 17 marks a momentous occasion for Canada, as it celebrates the fifth anniversary of cannabis legalization, a pioneering move for an industrialized nation and one that has seen cannabis contributing roughly 0.5% ...
Cannabis and COVID-19: New Study Reveals Potential Benefits
LOS ANGELES- In the wake of the global pandemic, a novel study has shed light on the potential advantages of cannabis for those who contracted COVID-19. Published in the reputable CHEST Journal, the study suggests ...
Governor Gavin Newsom Faces a Crucial Decision on Psychedelic Decriminalization
LOS ANGELES- The movement to decriminalize psychedelics in California, a campaign spanning over six decades, stands at a pivotal juncture. SB58, the bill that seeks to decriminalize various natural psychedelics and pave the way for ...
Colombia Pivots Drug Policy Amid Global Changes
LOS ANGELES- In a bold move reflecting the changing landscape of the worldwide narcotics struggle, Colombia has introduced a fresh drug policy, signaling a significant departure from traditional enforcement-centered methods. President Gustavo Petro accentuated the ...
New York Extends Cannabis Licensing Application Deadline Amid Mounting Concerns and Legal Obstacles
NEW YORK- Amid a flood of applications and growing uncertainty from prospective cannabis entrepreneurs, New York’s Cannabis Control Board (CCB) has granted a two-week extension for cannabis business license applications. Originally slated to close on ...
Legal fights Surround Alabama’s Medical Cannabis Licensing Process
LOS ANGELES-The Alabama Medical Cannabis Commission (AMCC) finds itself amidst legal turbulence due to challenges related to its medical cannabis licensing process. Background: Verano Holdings Corp. recently took legal action against the AMCC, criticizing the ...
Maryland Judge Supports Hemp Producers Against Restrictive Licensing Scheme
LOS ANGELES-- In a significant ruling, a Maryland judge rejected a temporary restraining order against hemp producers, affirming that hemp products remained legal as per the provisions of the 2018 Farm Bill. The lawsuit was ...
Cybin and Small Pharma Seal the Deal with Shareholder Approval
LOS ANGELES-- In a recent development in the clinical-stage psychedelics sector, Canada's Cybin Inc. (CYBN) and the UK's Small Pharma Inc. (DMTTF) have made significant progress in their merger plans. Following their annual general and ...
Canadian Cannabis Act Faces Critical Review
NEW YORK— Following the implementation of the Cannabis Act in 2018, Health Canada's recently released "What We Heard Report" paints a complex picture of the nation’s adult-use cannabis industry. While the legalization of cannabis for ...
Colorado’s Cannabis Sales Show Decline Amid Oversupply and Economic Downturn
LOS ANGELES- Colorado's cannabis market, which has seen considerable growth since its initiation in 2014, is currently facing a decline, according to the latest sales report by the Colorado Department of Revenue (DOR). Highlights from ...
4Front Ventures Secures $10 Million Credit Facility to Amplify Illinois Operations
LOS ANGELES-- 4Front Ventures Corp. a multi-state, vertically integrated cannabis operator and retailer, has publicized its recent procurement of a $10 million senior secured credit facility agreement. The agreement is with ALT Debt II, LP, ...
FARRIS FORWARD: Your Guiding Light: 7 Steps to Create Core Values for Your Organization
LOS ANGELES–Welcome to Farris Forward, a new series of articles by Jon Farris exploring the intersection of strategy and leadership in the cannabis and psychedelics industries, or any industry where humans work. Read on: Navigating ...
