M4MM
Bioxyne Reports Record Revenue, Yet Cash Outflows Climb on Expansion Push
SYDNEY – Bioxyne Limited, an Australian life sciences and wellness products company, posted its highest quarterly revenue on record for the period ended September 30, with sales reaching A$14.1 million, a 210% jump from the ...
Kansas Poll Shows Broad Support for Cannabis Reform
TOPEKA – A recent survey of Kansas residents highlights growing public enthusiasm for Cannabis policy changes, with nearly seven in ten adults endorsing medical use and close to six in ten favoring recreational access. A ...
Cybin Raises $175M in Direct Offering, Reinforcing Psychedelic Pipeline
TORONTO – Cybin Inc., a clinical-stage biopharmaceutical company focused on psychedelic-based treatments for mental health disorders, disclosed a $175 million registered direct offering, drawing commitments from a roster of established biotech investors. The deal, priced ...
Cannabis MSOs Face High-Stakes Tax Dilemma as Rescheduling Decision Looms Under Trump
As Trump's administration weighs reclassifying Cannabis to Schedule III, Cannabis giants continue to contend with hefty uncertain tax liabilities under IRS Section 280E, a rule that has long hampered their financial flexibility. A recent report ...
Grown Rogue Reports Q2 2025 Financial Results
MEDFORD – Grown Rogue International Inc., a flower-focused Cannabis producer known for its craft-driven approach and scaled operations, reported its second quarter 2025 financial results for the period ending June 30, 2025. The company delivered ...
Is This a Meltdown For Michigan Cannabis Market?
LANSING – Michigan's legal Cannabis industry, once a hot spot for progress since recreational legalization in 2018, is now struggling with some serious financial pressures that could threaten its stability. According to a recent report ...
Cannabis Stocks Show Sensitivity to Q2 2025 Earnings Despite Market Volatility
LOS ANGELES – In the Cannabis industry, where trading often revolves around speculation and regulatory rumors, a recent analysis suggests that core financial performance still influences investor behavior. According to a recent report from Viridian ...
Bioxyne Reports Record Revenue, Yet Cash Outflows Climb on Expansion Push
SYDNEY – Bioxyne Limited, an Australian life sciences and wellness products company, posted its highest quarterly revenue on record for the period ended September 30, with sales reaching A$14.1 million, a 210% jump from the ...
Kansas Poll Shows Broad Support for Cannabis Reform
TOPEKA – A recent survey of Kansas residents highlights growing public enthusiasm for Cannabis policy changes, with nearly seven in ten adults endorsing medical use and close to six in ten favoring recreational access. A ...
Cybin Raises $175M in Direct Offering, Reinforcing Psychedelic Pipeline
TORONTO – Cybin Inc., a clinical-stage biopharmaceutical company focused on psychedelic-based treatments for mental health disorders, disclosed a $175 million registered direct offering, drawing commitments from a roster of established biotech investors. The deal, priced ...
California Poised To Be Third U.S. State to Decriminalize Psychedelics
LOS ANGELES–California is poised to become the third state in the nation to decriminalize the use of psychedelics, following the State Assembly's recent approval of a bill. This legislation would grant individuals aged 21 and ...
North Carolina’s Eastern Band of Cherokee Indians Votes to Advance Cannabis Reform
LOS ANGELES-- In a significant move that could potentially reshape the cannabis landscape in North Carolina, the Eastern Band of Cherokee Indians (EBCI) has voted in favor of advancing cannabis reform within their territory. The ...
Cannabis Legalization Linked to Decline in Youth Treatment Referrals, New Studies Suggest
LOS ANGELES-- Recent data published in the Journal of Addiction Medicine indicates a decline in cannabis treatment referrals for young individuals following the legalization of the substance. The study, conducted by researchers at Temple University, ...
California Joins Growing List of States Reevaluating the Legal Status of Psychedelic Substances
LOS ANGELES-- In a significant legislative move, California lawmakers have granted final approval to a bill that seeks to decriminalize the personal possession and use of psilocybin mushrooms and several other plant-based psychedelics, including DMT ...
NY Cannabis Licensing Stalled Amid Legal Disputes
LOS ANGELES -- in a recent development that adds to the ongoing complexities surrounding the launch of licensed businesses in New York's adult-use cannabis market, Albany County Supreme Court Judge Kevin R. Bryant has reversed ...
Cannabis Workers Seal Landmark Deal in Illinois
LOS ANGELES-- In a significant development in the burgeoning cannabis industry, workers at three Rise dispensaries in Illinois have successfully ratified their inaugural collective bargaining agreement. Rise, a subsidiary of the multi-state operator Green Thumb ...
US Senator Promises Hearing on Cannabis SAFE Banking in Next Six Weeks
WASHINGTON, D.C.–In a significant development for the cannabis industry and investors, Senate Banking Committee Chairman Sherrod Brown (D-OH) announced on Monday that he has engaged in discussions with Majority Leader Chuck Schumer (D-NY) concerning the ...
Maryland’s Blossoming Cannabis Market Navigates Growth and Controversy Amidst Federal Scrutiny
LOS ANGELES-- In a burgeoning market, Maryland's cannabis sector has reported a robust $91.4 million in sales this August, marking the state's second month of commercial adult-use retail, according to data from the Maryland Cannabis ...
California’s 2024 Ballot Initiative: A Turning Point for Psychedelic Mushroom Legalization?
LOS ANGELES-- In a bold move that could potentially reshape the legal landscape surrounding psychedelic substances in California, activists are rallying to introduce a question concerning the legalization of psychedelic mushrooms on the 2024 ballots. ...
Europe Contemplates Multidisciplinary Advisory Body to Steer the Future of Psychedelic Therapy
LOS ANGELES-- In a proactive move to integrate psychedelic therapy into the European healthcare landscape, the European Psychedelic Access Research and European Alliance (PAREA) is advocating for the establishment of a multidisciplinary advisory body. This ...
Cresco Labs Partners with Spotify in a Campaign to Amplify Sunnyside Dispensaries’ Presence in Illinois
LOS ANGELES-- In a groundbreaking collaboration, Cresco Labs, a Chicago-based cannabis company, has embarked on a pioneering advertising campaign with Spotify, the popular music streaming platform boasting over 220 million subscribers. This partnership marks a ...
Maine Cannabis Regulators Propose User-Friendly Guidelines to Boost Industry Growth
LOS ANGELES-- In a bid to foster a more user-friendly environment for cannabis consumers and businesses alike, Maine regulators are contemplating a significant overhaul of the existing cannabis regulations, a move that could potentially reshape ...
Ohioans Show Strong Support for Adult-Use Cannabis Legalization Ahead of Upcoming Ballot Initiative
OHIO– A recent poll conducted by Fallon Research has revealed that a significant majority of Ohio residents are in favor of the forthcoming ballot initiative to legalize adult-use cannabis. The survey, which underscores the shifting ...
A Groundbreaking Confluence of Music and Cannabis in Illinois
LOS ANGELES– In a groundbreaking development for both the music and cannabis industries, the inaugural Miracle in Mundelein music festival is set to become Illinois' first state-approved cannabis consumption event. Scheduled for September 9-10, the ...
Colorado’s Path to Psychedelic Regulation: Community Listening Sessions Announced
LOS ANGELES-- In a proactive move to foster community engagement and inclusivity, the Colorado Natural Medicine Division has announced a series of "listening sessions" scheduled throughout September and October. These sessions are designed to involve ...
