M4MM
Planet 13 Expands Florida Footprint
LAS VEGAS – Planet 13 Holdings Inc., a vertically integrated Cannabis operator with cultivation, production, and retail operations in four states, launched its latest medical Cannabis outlet in DeLand, Florida. The store, situated in the ...
California Governor Approves Fast Track for Cannabis and Psychedelics Studies
LOS ANGELES – Governor Gavin Newsom (D) signed Assembly Bill 1103 into law on Friday, October 10, clearing hurdles for researchers studying Cannabis and psychedelics in the state. The measure targets delays in approving projects ...
AYR Wellness Kicks Off Public Auction in Debt Restructuring Push
LOS ANGELES – Miami-based AYR Wellness Inc. moved ahead with its financial reset by starting Article 9 foreclosure proceedings under the Uniform Commercial Code to auction core assets. Odyssey Trust Company, serving as collateral trustee ...
GTI Launches Señorita’s Ranch Water, Fusing THC and Texas Flair
LOS ANGELES – Green Thumb Industries (GTI) has introduced Señorita’s Ranch Water flavor, a THC-infused, alcohol-free beverage inspired by the iconic West Texas cocktail. Unveiled on July 27, this crisp drink blends sparkling water, real ...
Consumers Demand Clean Label Cannabis, Survey Reveals
LOS ANGELES – A recent survey commissioned by XRPure has uncovered a strong consumer push for cleaner, safer Cannabis products. Conducted among 516 adults, the survey found that an overwhelming 91.7% believe medical Cannabis should ...
Cannabis Rescheduling Omitted from Cole’s Priorities, Raising Questions About Trump’s Stance
LOS ANGELES – In a surprising turn, newly appointed DEA administrator Terrance Cole has sidelined Cannabis rescheduling, despite pledging it as a top priority during his April 2025 Senate Judiciary Committee hearing. According to a ...
New York’s Licensing Blunder
NEW YORK – NY’s adult-use cannabis market, now boasting 436 licensed dispensaries [a 93-store increase since late 2024] has hit a snag. The Office of Cannabis Management (OCM) recently acknowledged a critical error in its ...
Planet 13 Expands Florida Footprint
LAS VEGAS – Planet 13 Holdings Inc., a vertically integrated Cannabis operator with cultivation, production, and retail operations in four states, launched its latest medical Cannabis outlet in DeLand, Florida. The store, situated in the ...
California Governor Approves Fast Track for Cannabis and Psychedelics Studies
LOS ANGELES – Governor Gavin Newsom (D) signed Assembly Bill 1103 into law on Friday, October 10, clearing hurdles for researchers studying Cannabis and psychedelics in the state. The measure targets delays in approving projects ...
AYR Wellness Kicks Off Public Auction in Debt Restructuring Push
LOS ANGELES – Miami-based AYR Wellness Inc. moved ahead with its financial reset by starting Article 9 foreclosure proceedings under the Uniform Commercial Code to auction core assets. Odyssey Trust Company, serving as collateral trustee ...
Cresco & Columbia Care Terminate Their Proposed $2 Billion Merger
NEW YORK-In a significant development within the burgeoning cannabis sector, the much-anticipated $2 billion merger between cannabis producers Cresco Labs and Columbia Care Inc has been called off. Announced in March of the previous year, ...
Housing Works Cannabis Co. Achieves Impressive $12 Million in Sales in First Six Months
NEW YORK - Housing Works Cannabis Co., the inaugural adult-use retailer to establish its presence in New York, has reported a remarkable $12 million in sales during the initial six months of operations. The nonprofit ...
Psilocybin Combined with Psychotherapy Shows Potential as Anorexia Nervosa Treatment
LOS ANGELES-- In a groundbreaking step towards finding effective treatments for anorexia nervosa (AN), a phase 1 clinical trial investigated the use of psilocybin, the primary psychoactive compound in hallucinogenic mushrooms, in combination with psychotherapy. ...
Ascend Wellness Plans to Raise $7 Million in Private Placement Offering for Strategic Acquisitions
NEW YORK — Ascend Wellness, a prominent cannabis multistate operator (MSO), is set to embark on a private placement offering to raise $7 million in capital. As part of the equity financing terms, the New ...
California Proposal Seeks to Establish $5 Billion Psychedelics Research Agency
LOS ANGELES— A group of strategists from California has formally introduced a proposed initiative known as the "TREAT California Act." Unlike traditional efforts focused on advocating for direct legalization, this initiative aims to create a ...
House Approves Measures to Expand Medical Cannabis Access for Veterans and Fund Psychedelic Research
WASHINGTON, D.C. — In a significant move for veterans' healthcare and research into therapeutic substances, the U.S. House of Representatives has greenlit amendments to a substantial spending bill. The amendments would enable U.S. Department of ...
Tilray Surges 15% Amidst Q4 Results, But Skepticism Lingers for Investors
LOS ANGELES-Tilray Brands, the Canadian cannabis producer with hopes of entering the USA, experienced a momentary glimmer of hope as its shares surged 15% on Wednesday following the release of its fiscal fourth-quarter results. While ...
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 ...
