M4MM
Psilocybin Study Suggests Potential for Longevity Benefits
LOS ANGELES- New preclinical research indicates that psilocybin the active psychoactive compound in psychedelic mushrooms—may significantly extend lifespan in both human cells and aged mice. Published July 8, 2025, in npj Aging, the study found ...
Challenges Emerge Over Kentucky’s Medical Cannabis License Lottery
LOS ANGELES- A coalition of Kentucky-based businesses has filed legal proceedings challenging the fairness and constitutionality of the state’s April 2024 medical cannabis license lottery. The lawsuit, lodged in Jefferson Circuit Court on June 27, ...
Aegis Capital Maintains Buy Rating on atai Life Sciences with $8 Target
LOS ANGELES- Aegis Capital has reaffirmed its Buy rating on atai Life Sciences N.V. (NASDAQ: ATAI), maintaining a price target of $8 following the release of positive Phase 2b results for BPL-003, the company’s investigational ...
Federal Inaction on Cannabis Exports May Cost U.S. Economy $10 Billion Annually
LOS ANGELES- The United States' federal stance on cannabis exports is potentially costing the economy up to $10 billion each year, according to industry analyses. While domestic cannabis sales are projected to reach $35.3 billion ...
LEEF Brands Reports Financial Results
LOS ANGELES- LEEF Brands Inc. a vertically integrated cannabis company based in California, has released its financial results for the first quarter of 2025 and the full year of 2024. The company reported a 19% ...
California Lawmakers Advance Bill to Halt Cannabis Excise Tax Increase
LOS ANGELES- California's legal cannabis industry is confronting a potential tax increase that stakeholders warn could exacerbate existing challenges. Assembly Bill 564 (AB 564), introduced by Assemblymember Matt Haney (D-San Francisco), seeks to prevent the ...
Glass House Brands Schedules Q1 2025 Earnings Call for May 13
LOS ANGELES- Glass House Brands Inc. a vertically integrated cannabis company focused on the California market, announced it will release its financial results for the first quarter of 2025 on Tuesday, May 13, after market ...
Psilocybin Study Suggests Potential for Longevity Benefits
LOS ANGELES- New preclinical research indicates that psilocybin the active psychoactive compound in psychedelic mushrooms—may significantly extend lifespan in both human cells and aged mice. Published July 8, 2025, in npj Aging, the study found ...
Challenges Emerge Over Kentucky’s Medical Cannabis License Lottery
LOS ANGELES- A coalition of Kentucky-based businesses has filed legal proceedings challenging the fairness and constitutionality of the state’s April 2024 medical cannabis license lottery. The lawsuit, lodged in Jefferson Circuit Court on June 27, ...
Aegis Capital Maintains Buy Rating on atai Life Sciences with $8 Target
LOS ANGELES- Aegis Capital has reaffirmed its Buy rating on atai Life Sciences N.V. (NASDAQ: ATAI), maintaining a price target of $8 following the release of positive Phase 2b results for BPL-003, the company’s investigational ...
Luxembourg Becomes Second EU Country to Legalize Personal Cannabis Use and Cultivation
LOS ANGELES-- Luxembourg, a European Union member nation, has taken a significant step in cannabis reform by legalizing the possession and cultivation of cannabis for personal use. According to a report by Forbes, Luxembourg became ...
Brownie Mary: Remembering the Remarkable Legacy of a Cannabis Crusader
SAN FRANCISCO — Brownie Mary, a tireless advocate for cannabis legalization, who captured the hearts and minds of many with her compassion and unwavering commitment to social justice, remains an iconic figure in the movement. ...
Ron DeSantis’ Shifting Stance on Cannabis Legalization Raises Questions of Political Motivations
MIAMI- In a surprising about-face, Florida Governor Ron DeSantis has drawn criticism for his recent shift in stance on cannabis legalization, specifically regarding medical use. Once a proponent of cannabis legalization for medicinal purposes, DeSantis ...
Cannabis Industry’s Battle Royale: Catalyst Accuses Glass House Brands of Supplying Illicit Market, Triggers Defamation Countersuit
LOS ANGELES- In a surprising turn of events, the cannabis industry is witnessing an escalating legal showdown between two prominent players, Glass House Brands Inc. and Catalyst. The rift between these industry giants has reached ...
Canadian Government Invests $3 Million in Psilocybin-Assisted Psychotherapy Trials
LOS ANGELES-- The advancement of psychedelic medicine in Canada received a significant boost as the Minister of Mental Health and Addictions, Carolyn Bennett, announced an investment of nearly $3 million through the Canadian Institutes of ...
Maryland Becomes 20th State to Launch Adult-Use Cannabis Sales
LOS ANGELES-- Starting July 1, Maryland will join the growing list of states in the United States to legalize adult-use cannabis sales. This milestone comes less than eight months after the state's voters approved a ...
Cannabis Industry Struggles Amid Worsening Economic Conditions, Report Finds
LOS ANGELES-- In a new report published by Whitney Economics, it becomes evident that the cannabis industry in the United States is grappling with worsening economic conditions. The report, titled "Cannabis Operator Sentiment and Business ...
TerrAscend Corp to Begin Trading on TSX with New Ticker Symbol “TSND”
LOS ANGELES-- TerrAscend Corp, a U.S. cannabis industry, is set to begin trading on the Toronto Stock Exchange (TSX) on July 4, 2023. This development comes as TerrAscend aims to expand its investor base and ...
FDA Releases Draft Guidance for Research on Psychedelic Drugs
LOS ANGELES-- the U.S. Food and Drug Administration (FDA) unveiled its Draft Guidance for conducting research on psychedelic drugs. The guidance encompasses substances such as psilocybin, LSD, and MDMA, reflecting the growing interest in exploring ...
Florida Supreme Court to Review Proposed Cannabis Legalization Amendment
LOS ANGELES-- In a recent development, Florida's attorney general, Ashley Moody, has filed a request with the state Supreme Court to reject a proposed constitutional amendment aimed at legalizing cannabis for adult use in the ...
Psychedelics Industry Seeks Financial Solutions Amid Valuation Plunge
DENVER — The Psychedelic Science 2023 conference in Denver revealed a challenging financial landscape for publicly traded psychedelics companies. Several financial experts at the conference highlighted the sharp decline in valuations over the past two ...
Curaleaf Holdings, Inc. Announces Launch of Adult Use Cannabis Sales in Maryland
LOS ANGELES-- Curaleaf Holdings, Inc., a provider of cannabis products, has revealed its plans to initiate adult use cannabis sales at all four of its dispensaries in Maryland on July 1, coinciding with the state's ...
StateHouse Holdings Inc. Reports Revenue Growth in Q1 2023, Debt Concerns Remain
LOS ANGELES-- StateHouse Holdings Inc. announced a 42% increase in revenues to $24.7 million for the first quarter ending March 31, 2023. Retail revenues also experienced substantial growth, rising 58% to $14.4 million compared to ...
Maryland Prepares for Launch of Recreational Cannabis Market on July 1
LOS ANGELES-- Maryland is gearing up for the launch of its state-legal recreational cannabis industry on Saturday, July 1, signaling a shift from its portrayal in HBO's The Wire to a regulated market for adult-use ...
Glass House Brands Files Defamation Lawsuit Against Catalyst Cannabis Over Illicit Market Claims
LOS ANGELES-- California-based Glass House Brands Inc. has taken legal action against Catalyst Cannabis and its leadership, filing a defamation lawsuit in response to allegations made by Catalyst that Glass House is the "biggest black ...
