M4MM
California Reinstates 15% Cannabis Excise Tax Through 2028
LOS ANGELES – A measure signed by Governor Gavin Newsom last month took effect on Wednesday, dialing back California's Cannabis excise tax to 15% and holding it steady at that level until at least the ...
Trump Video Fuels Cannabis Stock Surge, Yet Analysts Question Depth of Policy Shift
LOS ANGELES – A recent video posted by President Donald Trump on Truth Social, touting support for CBD products under the Farm Bill, triggered a sharp but fleeting uptick in valuations for major multi-state Cannabis ...
Ex-Curaleaf Executive Files Suit Alleging Ignored Warnings on Inventory Shortfalls at Illinois Facility
LOS ANGELES – A former compliance director for Curaleaf Holdings Inc. has filed a federal lawsuit accusing the Cannabis MSO of overlooking repeated alerts about missing inventory and unlicensed pesticide applications at its Illinois cultivation ...
HYTN Secures Health Canada Drug Licence to Propel Cannabinoid Prescription Drug Pathway
LOS ANGELES- Vancouver-based HYTN Innovations Inc. (CSE: HYTN; OTC Pink: HYTNF) announced on July 14, 2025, that it has been granted a Cannabis Drug Licence (CDL) by Health Canada, effective July 2. This licence enhances HYTN’s existing Drug Establishment Licence ...
AYR Wellness Secures Extension of Debt Waiver Ahead of Financial Deadline
LOS ANGELES- AYR Wellness Inc. a vertically integrated multi-state cannabis operator, announced on July 11, 2025, that it has secured an additional amendment to its Limited Waiver Agreement with holders of a majority of its senior ...
Americans Overwhelmingly Oppose Federal Cannabis Prohibition
LOS ANGELES- A recent survey by the Pew Research Center reveals that just 12 percent of U.S. adults support a federal prohibition on cannabis, with the remaining 88 percent favoring legalization in some form—either solely ...
Republican Lawmakers Move to Block Cannabis Rescheduling, Undermining Federal Reform Efforts
WASHINGTON, D.C.. Just as the Biden administration’s long-awaited cannabis rescheduling effort appeared to be gaining traction, Republicans in the House Appropriations Committee have moved to shut it down—using their control of a key budget bill ...
California Reinstates 15% Cannabis Excise Tax Through 2028
LOS ANGELES – A measure signed by Governor Gavin Newsom last month took effect on Wednesday, dialing back California's Cannabis excise tax to 15% and holding it steady at that level until at least the ...
Trump Video Fuels Cannabis Stock Surge, Yet Analysts Question Depth of Policy Shift
LOS ANGELES – A recent video posted by President Donald Trump on Truth Social, touting support for CBD products under the Farm Bill, triggered a sharp but fleeting uptick in valuations for major multi-state Cannabis ...
Ex-Curaleaf Executive Files Suit Alleging Ignored Warnings on Inventory Shortfalls at Illinois Facility
LOS ANGELES – A former compliance director for Curaleaf Holdings Inc. has filed a federal lawsuit accusing the Cannabis MSO of overlooking repeated alerts about missing inventory and unlicensed pesticide applications at its Illinois cultivation ...
Mastercard Bars Cannabis Transactions on Debit Cards, Dealing a Blow to the Industry
NEW YORK-In a recent move, Mastercard (MA.N) has directed financial institutions to cease processing cannabis transactions on its debit cards, delivering a significant blow to an industry that has long struggled to gain a foothold ...
ACLU Backs Citizens’ Initiative for Recreational Cannabis in Florida, Challenges Supreme Court Review
LOS ANGELES-- The American Civil Liberties Union of Florida (ACLU) has thrown its support behind a citizens' initiative seeking to legalize recreational cannabis in the state. In a recent brief filed on Monday, the ACLU ...
Women’s Canna Awards Returns For Second Year
SACRAMENTO– The Women’s Canna Awards, produced by Debutante Honors, Inc, a 501(c)(6) professional association, the biggest and most sought-after award show dedicated to highlighting women in the cannabis industry, will be returning for its second ...
Falling Stock Prices Force Down Cannabis Industry CEO Pay in 2022
LOS ANGELES-The cannabis industry has been a rollercoaster ride for investors and executives alike, with fluctuating stock prices and evolving regulations shaping the landscape. One significant consequence of the industry's ups and downs has been ...
InMed Pharmaceuticals Evaluates Options for Promising INM-755 Compound After Successful Clinical Trial
LOS ANGELES-- Following the encouraging results of its Phase II clinical trial for INM-755, an anti-itch cannabinoid-based cream for skin disorders, InMed Pharmaceuticals (NASDAQ: INM) is now weighing its next steps to maximize value for ...
Ohio’s Adult-Use Cannabis Legalization Bid Requires More Signatures
LOS ANGELES-- Ohio voters could potentially see the issue of adult-use cannabis legalization on the November ballot, but campaign organizers are facing a final hurdle before achieving that goal. The "Regulate Cannabis Like Alcohol" campaign, ...
Hemp Companies in Maryland Challenge State Officials, Citing Regulatory Plan Threatening Business Survival
LOS ANGELES-- A group of hemp companies in Maryland has taken legal action against Governor Wes Moore and several state officials, contending that the regulatory framework approved for the recreational cannabis industry poses a serious ...
Arkansas Bans THC Products Derived from Hemp Ahead of Projected $300 Million Medical Cannabis Sales
LOS ANGELES-- Effective August 1, a new law in Arkansas will prohibit the sale of THC products derived from hemp, as reported by 40/29 News. This measure comes amid the state's projected record-breaking medical cannabis ...
Legisladores Colombianos Reintroducen Proyecto de Ley para la Legalización del Cannabis en Todo el País
BOGOTA-- Los legisladores colombianos han dado un nuevo paso hacia la legalización del cannabis en todo el país al reintroducir un proyecto de ley durante la próxima sesión legislativa. Este esfuerzo renovado llega apenas un ...
Colombian Lawmakers Reintroduce Bill to Legalize Cannabis Nationwide
BOGOTA-- Colombian lawmakers have taken another step toward nationwide cannabis legalization by reintroducing a bill during the upcoming legislative session. This renewed effort comes just a month after the previous version stalled in the Senate, ...
Florida Grants Medical Cannabis Licenses to Black Farmers Under New Law
LOS ANGELES-- In a groundbreaking development, two Black farmers in Florida have been granted medical marijuana business licenses as per the legislation signed into law by Governor Ron DeSantis last month. The legalization law, which ...
Albanian Parliament Greenlights Legislation for Medical and Industrial Cannabis Industry
LOS ANGELES-- In a significant move, the Albanian parliament has taken steps to establish a legal and regulatory framework for the burgeoning medical and industrial cannabis sector. With resounding support, lawmakers voted in favor of ...
Cannabis Legalization: The Impact on Canine Cannabis Sniffers & Ensuring Their Retirement
NEW YORK-The legalization of cannabis in various states across the USA has brought about significant changes in multiple industries, including law enforcement. One area that has been significantly affected is the use of canine cannabis ...
Numinus Wellness Aims for Post-Therapy Approval Success Amid Psychedelic Sector Challenges
LOS ANGELES-- Despite a significant decline in its stock value since its peak in 2021, Numinus Wellness Inc. remains determined to navigate the challenges in the psychedelic space. The company's management is strategically optimizing operations, ...
Canadian Cannabis Retail Sales Show Modest Growth in May
TORONTO-- Statistics Canada has recently released the May retail sales figures for cannabis in the country, revealing a moderate increase from April levels. According to the report, cannabis sales rose by 1.2%, reaching C$415.6 million. ...
