M4MM
Verano Pushes Digital Voting as Postal Strike Disrupts Shareholder Materials
CHICAGO – Verano Holdings Corp. is telling investors to submit votes electronically for its special meeting next month, citing delays from Canada's postal workers strike. The company released a statement warning that physical copies of ...
Psilocybin Review Points to Rapid Relief for Treatment-Resistant Depression
LOS ANGELES – A new systematic review of clinical studies underscores psilocybin's potential to deliver quick and lasting reductions in depressive symptoms, offering a targeted option for patients who see little benefit from standard medications. ...
Vireo Takes 86% Stake in Schwazze’s Convertible Notes in $62M Deal
DENVER – Vireo Growth Inc., a multistate Cannabis operator, has entered into definitive agreements to purchase about 86% of the senior secured convertible notes held by Medicine Man Technologies Inc., which operates as Schwazze, for ...
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 ...
Cannabis Rescheduling Hits Pause as DEA Shifts Gears
WASHINGTON, D.C. – The federal cannabis rescheduling saga, already a slow-burning drama, took a sharp turn this week as Chief Administrative Law Judge John J. Mulrooney announced his retirement, effective August 1, 2025. The exit, ...
Texas Hemp Ban Showdown or Reefer Madness 2.0?
AUSTIN – The Texas Senate Committee on State Affairs ignited a fiery debate on Tuesday, July 22, 2025, during the first hearing of a special legislative session called by Governor Greg Abbott to address the ...
Verano Pushes Digital Voting as Postal Strike Disrupts Shareholder Materials
CHICAGO – Verano Holdings Corp. is telling investors to submit votes electronically for its special meeting next month, citing delays from Canada's postal workers strike. The company released a statement warning that physical copies of ...
Psilocybin Review Points to Rapid Relief for Treatment-Resistant Depression
LOS ANGELES – A new systematic review of clinical studies underscores psilocybin's potential to deliver quick and lasting reductions in depressive symptoms, offering a targeted option for patients who see little benefit from standard medications. ...
Vireo Takes 86% Stake in Schwazze’s Convertible Notes in $62M Deal
DENVER – Vireo Growth Inc., a multistate Cannabis operator, has entered into definitive agreements to purchase about 86% of the senior secured convertible notes held by Medicine Man Technologies Inc., which operates as Schwazze, for ...
Montana Cannabis Ownership Law Faces Legal Challenge over Residency Requirements
LOS ANGELES-- A father-and-son investor duo are the latest to challenge state residency requirements for cannabis business ownership, a contentious issue facing multiple states. Two out-of-state investors, Tom and Jerry Reed, have filed lawsuits in ...
American Psychedelic Practitioners Association and BrainFutures Publish First-Ever Guidelines for Psychedelic-Assisted Therapy
LOS ANGELES-- The American Psychedelic Practitioners Association (APPA) in collaboration with BrainFutures has published reportedly the first set of professional practice guidelines for psychedelic-assisted therapy in the United States. These guidelines come as the FDA's ...
Curaleaf Holdings Inc. Reports 4% Year-Over-Year Revenue Growth in Q2 2023, Continues Strategic Expansion
LOS ANGELES-- Curaleaf Holdings Inc., a cannabis consumer products, reported its financial results for the second quarter ended June 30, 2023, reflecting modest growth in revenue but also an increased net loss compared to the ...
Arkansas Hemp-Derived THC Ban Faces Legal Challenges
LOS ANGELES- Several Arkansas businesses have initiated a legal battle against the state's recent ban on hemp-derived THC products, which took effect on August 1. The plaintiffs, including four local companies, assert that the prohibition ...
Trulieve Reports Expanded Q2 Deficit, Cites Unfavorable Weather Impacting Ongoing Quarter Performance
MIAMI—Trulieve Cannabis (TRUL.CD), a significant player in the cannabis industry, recently announced a larger financial loss for the second quarter. This loss has been attributed to a combination of unusual weather patterns and a drop ...
Los Angeles Cannabis Regulatory Agency Faces Leadership Shake-Up Amid Market Challenges
LOS ANGELES-- Los Angeles Mayor Karen Bass is instigating a shake-up in leadership across various city agencies, including a significant management overhaul at the city's Department of Cannabis Regulation (DCR). This change comes at a ...
California’s Popular Beard Bros Pharms Brand Expands To East Coast
BLACKSTONE, MA – Beard Bros Pharms, a legacy cannabis brand founded by self-made entrepreneurs Bill and Jeff Levers, has partnered with Ideal Craft Cannabis to bring their full-spectrum Rick Simpson Oil (RSO) to Massachusetts. This is the ...
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 ...
