M4MM
Michigan Senate Approved 24% Wholesale Cannabis Tax
LANSING – In a late-night session that stretched into the early hours of Friday, October 3, 2025, the Michigan Senate gave final approval to a sweeping state budget that includes a new 24% wholesale tax ...
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. ...
Pennsylvania Senators Introduce Bipartisan Bill to Legalize Recreational Cannabis
LOS ANGELES- Pennsylvania lawmakers today announced the introduction of two parallel bipartisan bills aimed at legalizing adult-use recreational cannabis. The effort builds on mounting momentum amid state budget pressures and growing public support. In the ...
DaySavers Introduces ‘Higher Potential’ Scholarship with Over $25,000 in Cannabis Education Awards
LOS ANGELES- DaySavers, the pre‑roll accessories brand under Custom Cones USA, has launched its inaugural Higher Potential Cannabis Education Scholarship—a collective effort backed by industry partners, offering more than $25,000 in financial support for current ...
California Farmworker Dies Following Greenhouse Fall During Chaotic ICE Raid
LOS ANGELES- A 57‑year‑old farmworker, identified as Jaime Alanis Garcia, has died from injuries sustained after falling approximately 30 feet from a greenhouse roof during a July 10 ICE-led raid at a Glass House Farms ...
Verano Elevates James Leventis to Chief Strategy & Compliance Officer
LOS ANGELES- Verano Holdings Corp. Announced the promotion of James Leventis to Chief Strategy and Compliance Officer. Leventis, a licensed attorney with nearly 15 years of experience across the healthcare, pharmaceutical, consulting, and cannabis sectors, has ...
Michigan Senate Approved 24% Wholesale Cannabis Tax
LANSING – In a late-night session that stretched into the early hours of Friday, October 3, 2025, the Michigan Senate gave final approval to a sweeping state budget that includes a new 24% wholesale tax ...
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. ...
New York Secures $150 Million Investment to Fully Fund Social Equity Cannabis Retailers
LOS ANGELES-- In a significant boost to New York's social equity cannabis program, Chicago Atlantic Admin LLC has committed up to $150 million in senior secured capital for the Social Equity Cannabis Investment Fund. The ...
Medical Cannabis Companies in Oklahoma Challenge Fee Increase in State Supreme Court
LOS ANGELES-- Several licensed medical cannabis companies in Oklahoma have filed a petition with the state Supreme Court, seeking the repeal of a 2022 law that increased their fee burden. The petition, filed on June ...
Australia Becomes the First Country to Allow Prescription of Psychedelics for PTSD and Depression
LOS ANGELES-- Starting from July 1, doctors in Australia can now prescribe MDMA and psilocybin to patients suffering from post-traumatic stress disorder (PTSD) and hard-to-treat depression. This groundbreaking move makes Australia the first nation in ...
Reunion Neuroscience Inc. Reports Fiscal Results and Provides Corporate Update
LOS ANGELES-- Reunion Neuroscience Inc. a clinical-stage biopharmaceutical company specializing in innovative therapeutic solutions for underserved mental health conditions, announced its fiscal results for the fourth quarter and year ended March 31, 2023. Additionally, the ...
TerrAscend Secures $20.5 Million in Total Proceeds from Private Placements
TORONTO --TerrAscend Corp. a cannabis operator in North America, announced the successful closing of the second tranche of private placements, resulting in total aggregate proceeds of $20.5 million. The second tranche of the private placements ...
Cresco Labs and Columbia Care Encounter Setback in Pursuit of Multibillion Megamerger
LOS ANGELES-- Chicago-based Cresco Labs and Columbia Care announced on Friday that they have failed to meet the June 30 deadline set in their arrangement agreement, hindering their proposed multibillion-dollar merger. The companies, which have ...
New Jersey’s Cannabis Market Faces Plateau in Sales Amid Regulatory Challenges
LOS ANGELES-- Despite the growth of New Jersey's adult-use cannabis market during the first quarter of 2023, the state's overall sales figures have hit a nine-month plateau due to ongoing regulatory developments and the slow ...
Canopy Growth Strives for Profitability with Asset Sales Amid Financial Challenges
LOS ANGELES-- Canopy Growth Corp a Canada-based cannabis company, is aiming to raise $150 million by September 30 through the sale of its assets. The company, facing significant debt and substantial losses, recently announced the ...
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 ...
