M4MM
The Vegas Classic: A Premier B2B Networking Event in Partnership with MJBiz
LAS VEGAS- As the cannabis industry continues to evolve and expand, networking, collaboration, and innovative partnerships are more critical than ever. That’s why we’re incredibly excited to introduce The Vegas Classic, an exclusive B2B networking ...
Ohio Legislature Considers Ban on Intoxicating Hemp Products
LOS ANGELES- Ohio lawmakers are evaluating Senate Bill 326, introduced by State Senator Steve Huffman (R-Tipp City), which aims to prohibit the sale of intoxicating hemp products. The proposed legislation defines such products as those ...
Breadstack: Is This The Winning Formula for Cannabis eCommerce?
LOS ANGELES—As a founding member of the Cannabis Open Standards Technology Alliance (COSTA), Breadstack has firmly established itself as a trailblazer in cannabis e-commerce. Based in Canada, the company has risen to meet the unique ...
Senate Farm Bill Draft Proposes Redefinition of Hemp
LOS ANGELES- The U.S. Senate Agriculture Committee has released a draft of the 2024 Farm Bill, introducing significant changes to the federal definition of hemp. The proposed legislation aims to address concerns over intoxicating hemp-derived ...
California Cannabis Dispensaries Face New Tax Payment Rules
LOS ANGELES- In November 2024, numerous licensed cannabis dispensaries in the Los Angeles area received notices from the California Department of Tax and Fee Administration (CDTFA) indicating a shift in their tax payment schedules from ...
Willow Biosciences Reports Q3 2024
LOS ANGELES- Willow Biosciences Inc., a biotechnology firm specializing in the industrial production of functional ingredients, has reported its financial results for the third quarter of 2024. The company achieved record revenue of $1.7 million ...
UK Explores Raising THC Limits for Industrial Hemp to Boost Farming Prospects
LOS ANGELES- The United Kingdom is evaluating a proposal to increase the permissible tetrahydrocannabinol (THC) content in industrial hemp from 0.2% to 0.3%, aligning with standards in the European Union and the United States. This ...
The Vegas Classic: A Premier B2B Networking Event in Partnership with MJBiz
LAS VEGAS- As the cannabis industry continues to evolve and expand, networking, collaboration, and innovative partnerships are more critical than ever. That’s why we’re incredibly excited to introduce The Vegas Classic, an exclusive B2B networking ...
Ohio Legislature Considers Ban on Intoxicating Hemp Products
LOS ANGELES- Ohio lawmakers are evaluating Senate Bill 326, introduced by State Senator Steve Huffman (R-Tipp City), which aims to prohibit the sale of intoxicating hemp products. The proposed legislation defines such products as those ...
Breadstack: Is This The Winning Formula for Cannabis eCommerce?
LOS ANGELES—As a founding member of the Cannabis Open Standards Technology Alliance (COSTA), Breadstack has firmly established itself as a trailblazer in cannabis e-commerce. Based in Canada, the company has risen to meet the unique ...
5th Circuit Court Rules Federal Ban on Cannabis Users Owning Guns Unconstitutional
LOS ANGELES- The 5th U.S. Circuit Court of Appeals has declared that prosecuting a cannabis user for gun ownership under federal law is unconstitutional, marking a significant ruling that challenges longstanding federal restrictions. The decision ...
Nebraska Certifies Medical Cannabis Ballot Measures for November Election
LOS ANGELES- The Nebraska Secretary of State has officially certified two ballot measures aimed at legalizing medical cannabis and establishing a regulated cannabis industry in the state. The measures, which will appear on the November ...
Cannabis Industry Reacts to Trump’s Endorsement of Florida Legalization Initiative
LOS ANGELES- Former President Donald Trump's recent endorsement of Florida's Amendment 3, which seeks to legalize recreational cannabis in the state, has sparked immediate responses from key figures in the cannabis industry. The proposed constitutional ...
DEA’s Postponement of Cannabis Rescheduling Raises Uncertainty for Industry
LOS ANGELES- The Drug Enforcement Administration (DEA) has delayed the decision to reschedule cannabis under the Controlled Substances Act (CSA) until after the 2024 presidential election, creating significant uncertainty in the ongoing cannabis reform debate. ...
Red Light Holland Reports Q1 2025
LOS ANGELES- Red Light Holland, an Ontario-based corporation specializing in the production, growth, and sale of functional mushrooms, mushroom home grow kits, and psilocybin truffles, has announced its financial and operational results for the three ...
Pakistan Enters Global Hemp Market with Plans for 2025 Cultivation
LOS ANGELES- Pakistan is set to join the global hemp market by allowing commercial cultivation of hemp beginning in January 2025. This strategic move is aimed at enhancing the country’s economy through increased foreign exchange ...
Curaleaf Reports Revenue Growth in Q2 2024
LOS ANGELES- Curaleaf Holdings, Inc. reported a net loss of $49.8 million for Q2 2024, bringing its year-to-date losses to over $100 million. Despite these losses, the company achieved a 2% increase in revenue, reaching ...
Awakn Life Sciences Advances Phase 3 Trial for Alcohol Use Disorder Treatment
LOS ANGELES- Awakn Life Sciences Corp. announced the screening of its first patient for the Phase 3 trial of AWKN-001, a new treatment targeting severe Alcohol Use Disorder (AUD). The trial, known as MORE-KARE, represents ...
The Cannabist Reports Mixed Q2 2024 Results
LOS ANGELES- The Cannabist Company Holdings Inc. (OTC: CBSTF), formerly known as Columbia Care, delivered a mixed performance for Q2 2024. The company reported $125 million in revenue, a 2% sequential increase but a drop ...
MindMed Launches $75 Million Public Offering to Fund Psychedelic Research
LOS ANGELES- Mind Medicine (MindMed) Inc. (NASDAQ: MNMD) announced a public offering aimed at raising $75 million through the sale of approximately 9.2 million shares at $7 each. The company is also offering around 1.4 ...
Ayr Wellness Reports Revenue Increase in Q2 2024
LOS ANGELES- Ayr Wellness Inc. posted a slight revenue increase for Q2 2024, reporting earnings of $117 million, a 0.5% improvement compared to the same quarter last year but a 0.6% decline from Q1 2024. ...
Verano Holdings Reports Mixed Q2 2024 Results
LOS ANGELES- Verano Holdings Corp. reported mixed financial results for Q2 2024, with revenue reaching $222 million, reflecting a 0.5% increase from the previous quarter but a 5% decline year-over-year. The revenue aligned with the ...
Ascend Wellness Reports Revenue Growth in Q2 2024
LOS ANGELES- Ascend Wellness Holdings, Inc. delivered a mixed performance for Q2 2024, reflecting both revenue gains and profitability pressures. The company reported a 15% year-over-year increase in revenue, reaching $141.5 million. Despite this growth, ...
MindMed Launches $75 Million Public Offering to Fund Psychedelic Research
LOS ANGELES- Mind Medicine (MindMed) Inc. announced a public offering aimed at raising $75 million through the sale of approximately 9.2 million shares at $7 each. The company is also offering around 1.4 million shares ...
Green Thumb Industries Reports Strong Q2 2024 Performance
LOS ANGELES- Green Thumb Industries Inc. a Chicago-based cannabis company, posted solid second-quarter results for 2024, with revenue climbing 11% year-over-year to $280 million, exceeding analyst forecasts of $277.36 million. The company’s net income rose ...
