M4MM
Texas Expands Medical Cannabis Access
LOS ANGELES- In a significant policy shift, Texas lawmakers have approved House Bill 46, expanding the state's medical cannabis program to include patients with chronic pain and those in hospice or terminal care. The bill ...
Cresco Labs Reschedules Q1 2025 Earnings
LOS ANGELES- Cresco Labs Inc. has announced an updated schedule for its first quarter 2025 financial disclosures. The company will file its interim financial statements and Management’s Discussion and Analysis (MD&A) on Friday, May 30, ...
London Mayor Advocates for Decriminalization of Cannabis Possession
LOS ANGELES- London Mayor Sadiq Khan has endorsed recommendations from the London Drugs Commission (LDC) to decriminalize the possession of small quantities of natural cannabis for personal use. The LDC, established by Khan in 2022 ...
MindMed Reports 2024 Financial Results and Advances in Clinical Trials
LOS ANGELES- of December 31, 2024, MindMed reported cash and cash equivalents totaling $273.7 million, up from $99.7 million at the end of 2023. This increase is attributed to equity financings totaling approximately $250 million ...
States Propose Cannabis Tax Hikes Amid Industry Pushback
LOS ANGELES- In Michigan, Governor Gretchen Whitmer's recent $3 billion infrastructure plan includes a proposal to close a cannabis tax loophole, potentially generating an additional $470 million for road repairs. This move has alarmed local ...
British American Tobacco Invests $86.8 Million in Organigram
LOS ANGELES- British American Tobacco (BAT), one of the world's largest tobacco companies, has finalized a strategic investment of approximately $86.8 million (C$124.6 million) in Organigram Holdings Inc., a prominent Canadian cannabis producer. This investment, ...
Arizona Advances Psilocybin Research Initiatives
LOS ANGELES- Arizona legislators have approved measures to promote research into the medical applications of psilocybin, the active compound in certain mushrooms, and to establish a Psilocybin Research Advisory Council. The House Military Affairs & ...
Texas Expands Medical Cannabis Access
LOS ANGELES- In a significant policy shift, Texas lawmakers have approved House Bill 46, expanding the state's medical cannabis program to include patients with chronic pain and those in hospice or terminal care. The bill ...
Cresco Labs Reschedules Q1 2025 Earnings
LOS ANGELES- Cresco Labs Inc. has announced an updated schedule for its first quarter 2025 financial disclosures. The company will file its interim financial statements and Management’s Discussion and Analysis (MD&A) on Friday, May 30, ...
London Mayor Advocates for Decriminalization of Cannabis Possession
LOS ANGELES- London Mayor Sadiq Khan has endorsed recommendations from the London Drugs Commission (LDC) to decriminalize the possession of small quantities of natural cannabis for personal use. The LDC, established by Khan in 2022 ...
RIV Capital Inc. Announces Fiscal Year 2023 Results and Updates on New York Cannabis Market
LOS ANGELES-- RIV Capital Inc., an acquisition and investment firm focused on building a leading multistate cannabis platform, released its financial results for the fourth quarter and fiscal year ended March 31, 2023. Despite the ...
Licensed Pharmacies in Georgia Set to Begin Cannabis Oil Sales by Late August
LOS ANGELES-- The legal cannabis market in Georgia is poised to expand significantly as the state Board of Pharmacy recently introduced regulations enabling independent pharmacies to distribute cannabis oil. This development, following the legalization of ...
Leafly Faces Scrutiny After Removing Investigative Articles on Trulieve Worker’s Death
LOS ANGELES–Leafly, a previously well-regarded online cannabis platform, has come under fire for removing two crucial articles that delved into the tragic death of Lorna McMurrey, a 27-year-old cannabis worker. McMurrey collapsed during her ...
The Growing Green Wave: Cannabis Industry Emerges in Europe, Paving the Way for New Players
NICE, France-As European countries increasingly seek to legalize cannabis, companies from across the globe are eyeing opportunities in the budding market. Calls to legalize cannabis are mounting across Europe, as a growing number of countries ...
The Growing Green Wave: Cannabis Industry Emerges in Europe, Paving the Way for New Players
NICE, France-As European countries increasingly seek to legalize cannabis, companies from across the globe are eyeing opportunities in the budding market. Calls to legalize cannabis are mounting across Europe, as a growing number of countries ...
New York Lawmakers Greenlight Cannabis Sales to Tribal Nations, Aiding Retail Rollout
NEW YORK- In a significant development for New York's cannabis industry, lawmakers have approved a bill that permits licensed cannabis farmers to sell their products to tribal nations with established cannabis markets. This move comes ...
Cannabis Industry Giant Glass House Faces Lawsuit Alleging Illicit Market Activities
LOS ANGELES-- In a daring move that has caught the attention of the cannabis industry, Catalyst Cannabis Co.'s CEO, Elliot Lewis, has taken legal action against Glass House Brands, one of California's leading cannabis mega-growers. ...
Aurora Cannabis Inc. Reports Adjusted EBITDA in Q3 2023
LOS ANGELES-- Aurora Cannabis Inc., a Canadian cannabis company released its financial and operational results for the third quarter and fiscal year 2023, demonstrating positive momentum and a commitment to financial discipline. The company's ongoing ...
C21 Investments Inc. Files Audited Financial Statements for Fiscal Year 2023, Reports Revenue Decline and Positive Net Income
LOS ANGELES-- C21 Investments Inc. announced the filing of its audited financial statements and management discussion and analysis for its fiscal year ended January 31, 2023. The financial statements, prepared in accordance with U.S. Generally ...
Humble & Fume Inc. Successfully Closes Non-Brokered Private Placement
TORONTO— Humble & Fume Inc. a distributor of cannabis and cannabis accessories in North America, has announced the successful closing of its non-brokered private placement of convertible debenture units. The offering, which was previously announced ...
IM Cannabis Corp. Achieves Compliance with Nasdaq Listing Standards
TEL AVIV — IM Cannabis Corp. a medical cannabis company operating in Israel and Germany, announced today that it has received formal notice from The Nasdaq Stock Market, LLC ("Nasdaq") confirming the company's compliance with ...
Pennsylvania House Judiciary Committee Considers Resolution Urging Federal Descheduling of Cannabis
LOS ANGELES -- The Pennsylvania House Judiciary Committee is currently examining a resolution that urges the federal government to remove cannabis from the list of controlled substances. The resolution highlights that 38 U.S. states and ...
Nevada Lawmakers Pass Cannabis Reform Bill, Awaits Governor’s Signature
LOS ANGELES-- Nevada lawmakers have granted final approval to a comprehensive cannabis reform bill that introduces several significant changes to the state's cannabis industry. Senate Bill 277, as reported by Forbes, encompasses the following ...
USDA Acknowledges Hemp’s Significance by Adding It to Agricultural Technical Advisory Committee Title
LOS ANGELES-- The U.S. Department of Agriculture (USDA) has made a noteworthy move that underscores the recognition of hemp as a valuable commodity. The agency will include hemp in the title of one of its ...
San Francisco Board of Supervisors Implements Three-Year Moratorium on New Cannabis Businesses
SAN FRANCISCO-- In a unanimous decision, the San Francisco Board of Supervisors voted to impose a three-year ban on new cannabis businesses, aiming to address concerns of oversaturation and competition from the illicit market. The ...
