M4MM
Lebanon Legalizes Cannabis, Forms Oversight Body, Targeting $1B in Annual Revenue
BEIRUT – In a significant step forward in leveraging its Cannabis sector for economic relief, the Lebanese government established a dedicated committee to regulate the cultivation and sales of Cannabis under a long-dormant 2020 law. ...
Verano Shareholders Approve Corporate Home Relocation to Nevada
CHICAGO – Verano Holdings Corp. secured strong backing from investors to move its parent company's legal base from British Columbia, Canada, to Nevada. The approval came during a special shareholder meeting, clearing a key hurdle ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – Executives and operators in the Cannabis and psychedelics sectors wrapped up another fortnight with a mix of regulatory headwinds, financial maneuvers, and market validations that underscore the sector's resilience. From bipartisan efforts ...
Glass House Brands Reports Q2 2025 Financial Results
LONG BEACH and TORONTO – Glass House Brands Inc., a leading vertically integrated Cannabis operator in the US, unveiled its second-quarter 2025 financial statements, showing impressive growth in key areas despite ongoing market pressures and ...
Psychedelics Market Set to Reach $22.6 Billion by 2033, Report Finds
NEW YORK – A recent report by Research and Markets reveals the current global psychedelic drugs market is valued at $7.4 billion and is projected to hit $22.6 billion by 2033, exhibiting a substantial compound ...
High Tide Enters German Medical Cannabis Market with Remexian Majority Stake Acquisition
CALGARY – High Tide Inc., a leading Canadian Cannabis retailer, announced its strategic entry into Germany’s medical Cannabis market through a 51% acquisition of Remexian Pharma GmbH, a Frankfurt-based pharmaceutical wholesaler. The deal, valued at ...
Germany’s Medical Cannabis Imports Hit Record in Q2 2025, Sparking Debate Over Misuse
BERLIN – Germany’s medical Cannabis market continues to set records, with imports reaching 43.3 tons in the second quarter of 2025, according to data from the Federal Institute for Drugs and Medical Devices (BfArM). This ...
Lebanon Legalizes Cannabis, Forms Oversight Body, Targeting $1B in Annual Revenue
BEIRUT – In a significant step forward in leveraging its Cannabis sector for economic relief, the Lebanese government established a dedicated committee to regulate the cultivation and sales of Cannabis under a long-dormant 2020 law. ...
Verano Shareholders Approve Corporate Home Relocation to Nevada
CHICAGO – Verano Holdings Corp. secured strong backing from investors to move its parent company's legal base from British Columbia, Canada, to Nevada. The approval came during a special shareholder meeting, clearing a key hurdle ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – Executives and operators in the Cannabis and psychedelics sectors wrapped up another fortnight with a mix of regulatory headwinds, financial maneuvers, and market validations that underscore the sector's resilience. From bipartisan efforts ...
FARRIS FORWARD: How to Unlock Your Passion: The Power of “Why”
LOS ANGELES–Welcome to Farris Forward, a new series of articles by Jon Farris exploring the intersection of strategy and leadership. In the difficult and fast-paced world of business, especially in cannabis, it's easy to get ...
Ohio Grapples with Cannabis Legalization as Early Voting Commences
COLUMBUS– The Buckeye State stands on the precipice of a transformational decision. As early voting gets underway, Ohio residents are faced with a potential shift in their state's stance on cannabis. Public sentiment, shaped by ...
Canadian Cannabis Advocates Push for Higher THC Limits in Edibles Amid Regulatory Review
NEW YORK- In a significant development in Canada's cannabis landscape, advocates are pressing the federal government to revise the potency limits for cannabis edibles. A petition launched last week is seeking a tenfold increase in ...
TerrAscend Corp. Raises Revenue Guidance, Sees Robust Growth in Multiple States
LOS ANGELES-- TerrAscend Corp. displayed a strong financial posture by updating its revenue guidance for 2023 during its investor day at the Toronto Stock Exchange. This adjustment propelled the company's stock upwards by 4%, resulting ...
Tilray Medical Engages in Glioblastoma Research Through Clinical Trial in Spain
LOS ANGELES-- In a significant stride for the medical cannabis community, Tilray Medical, an affiliate of Tilray Brands, Inc., declared its involvement in a groundbreaking clinical trial slated to delve into the therapeutic potential of ...
Trulieve Cannabis Corp. Seeks $143 Million Tax Refund Amidst Dispute Over 280E Obligations
LOS ANGELES- U.S. cannabis titan, Trulieve Cannabis Corp, has lodged a claim for a $143 million tax refund from the federal government. The refund pertains to payments the firm made during the fiscal years 2019, ...
FDA Warns Against Unsupervised Use of Ketamine for Psychiatric Disorders
WASHINGTON, D.C. — The U.S. Food and Drug Administration (FDA) has raised concerns over the unsupervised and unauthorized use of compounded ketamine and ketamine-based drugs for treating psychiatric conditions. In a recent alert, the FDA ...
Connecticut’s Cannabis Sales Soar, Surpassing $15 Million Mark for Adult-use Alone
HARTFORD, CT — Connecticut's blossoming cannabis market has reached with combined sales of adult-use and medical marijuana crossing $25 million in September 2023, according to the state's Department of Consumer Protection (DCP). This surge in ...
Colorado Cannabis Sales Surpass $15 Billion, But Recent Trends Raise Concerns
DENVER — August witnessed Colorado's recreational cannabis market and its established medical marijuana industry reach a significant landmark, achieving over $15 billion in cumulative sales since the inauguration of the adult-use market in January 2014. ...
U.S. Cannabis Banking Reform Faces New Hurdles Amid Political Drama
WASHINGTON D.C. — Recent optimism surrounding potential U.S. cannabis banking reform has encountered obstacles, with unrelated political issues clouding prospects for legislative passage. While there is hope for the U.S. Senate to pass the SAFER ...
Canada’s Cannabis Industry Faces Economic Challenges, Says Health Canada Report
OTTAWA — A recent report by the Canadian government suggests the nation's legal cannabis industry is encountering significant economic challenges, shedding light on the realities faced by businesses after the 2018 legalization. The report, titled ...
ANALYSIS: Cannabis Payments: Navigating a Landscape of Opportunities and Pitfalls
NEW YORK — Cannabis payment systems have always been rife with controversy and uncertainty. As we explore the landscape, the focus is primarily on services purporting to have a compliant mechanism to accept credit cards. ...
FSD Pharma Wins Legal Battle Against Former CEO; Ventures into Dietary Supplements
NEW YORK — In a significant legal triumph, FSD Pharma Inc. a Canadian biopharmaceutical firm, received a favorable ruling from the Ontario Superior Court of Justice on Thursday against its former chief executive, Dr. ...
Atai Life Sciences Bolsters Investment in IntelGenx Technologies
NEW YORK — Atai Life Sciences AG's (Nasdaq: ATAI) confidence in IntelGenx Technologies Corp. (OTC: IGXT) seems unwavering as its investments in the pharmaceutical firm grow. The robust belief in IntelGenx's medical technology continues to ...
New Mexico’s Cannabis Microbusiness License Fees May Rise
NEW YORK — Cannabis microbusinesses in New Mexico may soon face a hike in their annual license fees, should proposed rule changes be ratified after a public comment period. A slated policy revision by the ...
