M4MM
Texas Governor Backs Regulation Over Ban in Hemp THC Showdown
DALLAS —Texas Governor Greg Abbott has drawn a firm line in the sand when it comes to the future of the hemp industry in the Lone Star State. In a public statement on July 22, ...
Single Psilocybin Dose Shows Promise in Easing OCD Symptoms, Study Finds
LOS ANGELES – In a pioneering study, researchers from the University of Hertfordshire and Imperial College have uncovered the potential of psilocybin to alleviate symptoms of obsessive-compulsive disorder (OCD). Published in Comprehensive Psychiatry on July ...
Glass House Raid Sparks Industry Fears and Rival Tensions
LOS ANGELES – Highly Capitalized Network-HCN is closely monitoring the unfolding developments following the July 10, 2025, when federal agents from Immigration and Customs Enforcement (ICE) and the Drug Enforcement Administration (DEA) stormed Glass House ...
Canopy Growth Introduces Targeted Product Expansion for Canadian Market
LOS ANGELES- Canopy Growth Corporation has announced a strategic expansion of its product portfolio, focusing on four high-demand segments within Canada's adult-use cannabis market: vapes, high-THC flower, pre-rolls, and edibles. This initiative is part of ...
U.S. Legal Cannabis Sales Surpass $30 Billion in 2024
LOS ANGELES- In 2024, legal cannabis sales in the United States reached $30.1 billion, marking a 4.5% increase from the previous year. This growth occurred despite a 3.4% reduction in industry employment, equating to approximately ...
iAnthus Capital Holdings Reports Q1 2025 Financial Results
LOS ANGELES- iAnthus Capital Holdings, Inc. a multi-state operator in the U.S. regulated cannabis industry, released its financial results for the first quarter ended March 31, 2025. Financial Highlights Revenue: $38.1 million, a decrease from ...
Silo Pharma Initiates Safety Study for PTSD Drug SPC-15
LOS ANGELES- Silo Pharma Inc. a developmental-stage biopharmaceutical company, has commenced a 7-day safety and toxicology study for its lead candidate, SPC-15, an intranasal treatment targeting post-traumatic stress disorder (PTSD). The study is being conducted ...
Texas Governor Backs Regulation Over Ban in Hemp THC Showdown
DALLAS —Texas Governor Greg Abbott has drawn a firm line in the sand when it comes to the future of the hemp industry in the Lone Star State. In a public statement on July 22, ...
Single Psilocybin Dose Shows Promise in Easing OCD Symptoms, Study Finds
LOS ANGELES – In a pioneering study, researchers from the University of Hertfordshire and Imperial College have uncovered the potential of psilocybin to alleviate symptoms of obsessive-compulsive disorder (OCD). Published in Comprehensive Psychiatry on July ...
Glass House Raid Sparks Industry Fears and Rival Tensions
LOS ANGELES – Highly Capitalized Network-HCN is closely monitoring the unfolding developments following the July 10, 2025, when federal agents from Immigration and Customs Enforcement (ICE) and the Drug Enforcement Administration (DEA) stormed Glass House ...
Tilray Brands Acquires Eight Beverage Brands from Anheuser-Busch in $85 Million Deal
LOS ANGELES-- Canadian cannabis producer Tilray Brands has announced an $85 million all-cash acquisition of eight beverage brands from Anheuser-Busch, including well-known breweries such as Breckenridge and Shock Top. The deal, expected to close by ...
New Study Explores the Role of Cannabis in Exercise Recovery
LOS ANGELES-- A recent survey in Cannabis and Cannabinoid Research. reveals that a significant number of individuals are using CBD and THC as part of their recuperation routine following aerobic and resistance workouts, though scientific ...
Canadian Cannabis Wholesaler Urges Government to Reconsider THC Limits and Environmental Impact
TORONTO — The Ontario Cannabis Store (OCS), Canada's largest adult-use wholesaler, has issued a position paper to Health Canada, urging the agency to reconsider the current THC limit governing cannabis edibles and to address the ...
Former Adelanto Mayor Sentenced to 14 Months in Prison Over Bribes from Cannabis Interests
LOS ANGELES-- Adelanto, California's former mayor, Richard Kerr, 66, was sentenced to 14 months in federal prison on Friday for accepting over $57,000 in bribes and kickbacks in exchange for approving ordinances and permits for ...
Headspace Secures $105 Million in Funding for Expansion
TORONTO–Digital healthcare company Headspace, known for its innovative mental health solutions, has secured a $105 million senior debt facility from Oxford Finance, a specialty finance firm serving healthcare and life sciences companies. This investment will ...
German Cabinet Expected to Approve Cannabis Legalization Plan Next Week
BERLIN --Germany's federal cabinet is anticipated to approve the first part of the government's cannabis legalization plan next week, according to Health Minister Karl Lauterbach. In an interview with Rheinische Post, Lauterbach stressed that the ...
Canada’s Licensed Cannabis Producers Struggle as Unpaid Federal Excise Tax Triples
TORONTO— Canada's licensed cannabis producers are in financial turmoil as unpaid federal excise taxes have more than tripled in the latest fiscal year, according to figures provided by the Canada Revenue Agency (CRA). At the ...
Illinois Cannabis Sales Hit $140 Million in July, Boosted by Out-of-State Buyers; Governor Pritzker Celebrates Economic Impact
CHICAGO — Cannabis sales in Illinois surged to $140 million in July, marking the highest total for 2023 and the second-largest monthly sum since legalization began in 2020. The figures, released Thursday by the state's ...
Exploring Cannabis as a Potential Tool to Manage Opioid Cravings Amid a Drug Toxicity Crisis
LOS ANGELES–In a bid to address the escalating harm from the drug toxicity crisis, Canadian researchers from the University of British Columbia (UBC), found innovative strategies that harness the potential of cannabis to curb opioid ...
Do You Need To ‘Trip’ To Get The Full Effects of Psilocybin?
LOS ANGELES–As psilocybin enters the list of new medical applications in Australia, a thought-provoking debate unfolds: is the enchanting world of hallucinations, or ''tripping,'' integral to its efficacy, or can we unlock the benefits of ...
Germany’s Cannabis Endeavors Navigate Potential Hurdles Within EU Laws
BERLIN–In Germany's persistent pursuit of cannabis reform, an unexpected twist has emerged: the country's aspirations might find themselves at odds with European Union regulations, as highlighted by the German parliamentary research unit. Of particular concern ...
Synthetic Psilocybin Shows Potential in Treating Anorexia Nervosa
LOS ANGELES-- In the realm of psychiatric disorders, Anorexia Nervosa stands out as a particularly challenging condition to treat, mainly due to the resistance many patients exhibit towards change. Unlike other mental health issues where ...
Judge Issues Restraining Order Amidst Controversy Over New York Cannabis Licensing
NEW YORK–In a significant legal development, a state Supreme Court judge has taken action against the New York state Office of Cannabis Management following a lawsuit that raises concerns about the equitable distribution of cannabis ...
Ohio Cannabis Legalization Effort Gathers 10 Times Required Signatures
LOS ANGELES-- The Coalition to Regulate Marijuana Like Alcohol (CRMLA), an Ohio-based coalition sponsoring a statutory measure to legalize adult-use cannabis, submitted an additional 6,545 signatures to Secretary of State Frank LaRose's office in Columbus ...
Disabled Veterans Sue NY Cannabis Regulators Over Licensing System
NEW YORK-- A group of disabled military veterans has lodged a lawsuit in New York against cannabis regulators, claiming that their licensing system for certain social equity applicants breaches the state constitution. The lawsuit, filed ...
