M4MM
California Cannabis Industry Pursues Self-Regulation
LOS ANGELES- In response to ongoing regulatory challenges and concerns about product safety, California's cannabis industry is exploring self-regulation measures to bolster consumer trust and ensure compliance within the legal market. The Environmental Consumer Compliance ...
AYR Wellness Delays Q1 2025 Financial Filings Amid Strategic Review
LOS ANGELES- AYR Wellness Inc., a U.S.-based multi-state cannabis operator, announced a delay in filing its Q1 2025 financial statements and Management’s Discussion and Analysis (MD&A), originally due on May 30, 2025. The company cited ...
Australia’s Legal Cannabis Market Projects Significant Growth
LOS ANGELES- Australia's legal cannabis market is poised for substantial expansion, with projections estimating growth from USD 126.32 million in 2024 to USD 420.33 million by 2030, reflecting a compound annual growth rate (CAGR) of ...
California Seizes $534 Million in Illegal Cannabis in 2024
LOS ANGELES- In 2024, California enforcement officials seized illegal cannabis valued at approximately $534 million, underscoring the state's commitment to regulating its cannabis industry. Enforcement Actions and Seizures The Unified Cannabis Enforcement Task Force ...
Blueberries Medical Corp. Announces C$1 Million Non-Brokered Private Placement
LOS ANGELES- Blueberries Medical Corp., a Latin American licensed producer of medicinal cannabis and cannabis-derived products, has announced a non-brokered private placement to raise approximately C$1.05 million (approximately US$740,000). Offering Details Common Shares Issued: ...
TerrAscend Reports Fourth Quarter and Full Year 2024 Financial Results
LOS ANGELES- TerrAscend Corp., a cannabis company, has announced its financial results for the fourth quarter and full year ending December 31, 2024. Fourth Quarter 2024 Highlights Net Revenue: $74.4 million, a 0.3% increase from ...
San Diego Evaluates Cannabis Business Tax Increase
LOS ANGELES- The San Diego City Council is considering a proposal to raise the tax rate on cannabis businesses from 8% to 10%, aiming to address a projected $258 million budget deficit for the upcoming ...
California Cannabis Industry Pursues Self-Regulation
LOS ANGELES- In response to ongoing regulatory challenges and concerns about product safety, California's cannabis industry is exploring self-regulation measures to bolster consumer trust and ensure compliance within the legal market. The Environmental Consumer Compliance ...
AYR Wellness Delays Q1 2025 Financial Filings Amid Strategic Review
LOS ANGELES- AYR Wellness Inc., a U.S.-based multi-state cannabis operator, announced a delay in filing its Q1 2025 financial statements and Management’s Discussion and Analysis (MD&A), originally due on May 30, 2025. The company cited ...
Australia’s Legal Cannabis Market Projects Significant Growth
LOS ANGELES- Australia's legal cannabis market is poised for substantial expansion, with projections estimating growth from USD 126.32 million in 2024 to USD 420.33 million by 2030, reflecting a compound annual growth rate (CAGR) of ...
Australian Study Reveals Increase in Medicinal Cannabis Prescriptions for Psychiatric Disorders
LOS ANGELES-- Recent study conducted by the Lambert Initiative for Cannabinoid Therapeutics at the University of Sydney has shed light on the growing utilization of medicinal cannabis (MC) prescriptions for the treatment of psychiatric disorders ...
Alabama Medical Cannabis Program Awards Business Licenses, Paving the Way for Patient Access
LOS ANGELES-- Alabama has achieved a significant milestone in its medical cannabis journey as the state's medical cannabis program moves forward with the awarding of business licenses. Limited access to medicinal cannabis had been permitted ...
Body and Mind Inc. Divests Michigan Dispensary, Shifts Focus to Illinois and New Jersey Cannabis Markets
LOS ANGELES-- Body and Mind Inc has successfully obtained all required regulatory approvals to divest its Muskegon, Michigan, dispensary, the company announced on Friday. The transaction, originally outlined in a stock purchase agreement on April ...
Green Acre Capital Distribution Corp. Increases Stake in US Distribution Joint Venture, Humble & Fume Provides Additional Information on Private Placement
Humble & Fume Inc. a distributor of cannabis and cannabis accessories in North America, has announced that Green Acre Capital Distribution Corp. has made an additional investment of US$1.99 million in HC Solutions Holdings Inc. ...
RIV Capital Expresses Optimism for New York Cannabis Market Amid Regulatory Developments
LOS ANGELES-- RIV Capital remains optimistic about its position in the New York cannabis market, as highlighted during the company's fourth-quarter and fiscal year-end 2023 earnings call. Interim CEO Mike Totzke expressed confidence in RIV's ...
Oklahoma Governor Kevin Stitt Vetoes Legislation Restricting Medical Cannabis Access
OKLAHOMA -- In a recent development, Republican Governor Kevin Stitt of Oklahoma has vetoed Senate Bill 437, a piece of legislation that aimed to impose new rules limiting patients' access to medical cannabis. The proposed ...
Michigan Cannabis Regulatory Agency Revokes Candid Labs’ Licenses for Violations
LOS ANGELES-- In a recent development, the Michigan Cannabis Regulatory Agency (MRA) has permanently revoked the business licenses of Candid Labs, operating as Layercake Farms 2, located near Owosso. Owned by Ramon Hana, Candid Labs ...
Louisiana Moves Towards Expungement Reform, Allowing Clear Path for Cannabis Offenders
LOS ANGELES-- In a significant step towards criminal justice reform, lawmakers in Louisiana's House and Senate have approved legislation that paves the way for the expungement of marijuana possession convictions. House Bill 286, now on ...
Antigua & Barbuda Support Religious Freedom by Legalizing Cannabis for Rastafarians
LIBERTA, Antigua — In a momentous stride toward religious freedom and cultural recognition, the government of Antigua and Barbuda has granted Rastafari adherents the authority to cultivate and utilize their sacred plant. This historic decision ...
New York Cannabis Control Board Faces Challenges in Retail Market Rollout
NEW YORK-- The New York Cannabis Control Board recently convened a meeting filled with action and key decisions, including the approval of 36 new retail permits. However, the board faced challenges related to the slow ...
Hexo’s Acquisition by Tilray Hangs in the Balance, Putting Hexo at Risk of Default
LOS ANGELES-- Canadian licensed cannabis producer Hexo Corp. faces a critical juncture as its acquisition by Tilray Brands hangs in the balance. In a near-unanimous vote, Hexo shareholders approved the acquisition on Wednesday. However, the ...
Alabama Medical Cannabis Commission Grants Licenses to Cannabis Businesses
LOS ANGELES -- In a momentous development for the medical cannabis industry in Alabama, the Alabama Medical Cannabis Commission (MCC) announced the recipients of its highly anticipated first round of business licenses. The MCC, responsible ...
PharmAla Biotech and Psyched Wellness Secure Funding for Research and Development
LOS ANGELES-- In the ever-evolving landscape of psychedelic drug companies, securing funding has become increasingly challenging. However, two firms, PharmAla Biotech Holdings Inc. and Psyched Wellness Ltd., have recently announced successful rounds of funding, allowing ...
Dispensaries Drive New Mexico’s Cannabis Industry Employment, Reveals Workforce Report
LOS ANGELES-- According to a recent report released by the New Mexico Department of Workforce Solutions, the cannabis industry in the state employed more than 4,600 workers by the end of last year, with a ...
Numinus Wellness Inc. Appoints Nikhil Handa as Chief Financial Officer
LOS ANGELES-- Numinus Wellness Inc. a mental health care company focusing on innovative treatments and evidence-based psychedelic-assisted therapies, has announced the appointment of Nikhil Handa as its new Chief Financial Officer, effective June 2023. The ...
