M4MM
McConnell Seeks to Close 2018 Hemp “Loophole” in Senate Funding Bill
LOS ANGELES- Senate Republican leader Mitch McConnell is advancing a provision in the FY 2026 agriculture appropriations bill aimed at revising the federal hemp definition to bar products containing any “quantifiable” amount of THC. The action ...
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, ...
4/20 Cannabis Price Wars: How a Cultural Milestone Became a Cautionary Tale
LOS ANGELES- Once a day to honor cannabis culture, April 20th—aka 4/20—has increasingly become a flashpoint in the cannabis industry’s struggle for survival. What began as a grassroots celebration has devolved, in many markets, into ...
Montana Legislature Approves Bill to Tighten Cannabis Product Regulations
LOS ANGELES— The Montana Legislature has passed House Bill 636, introducing new restrictions on cannabis products. The Senate approved the bill with a 37–12 vote, following the House's 84–15 approval last month. House Bill ...
Kansas Governor Renews Call for Medical Cannabis Legalization
LOS ANGELES- Governor Laura Kelly has reiterated her support for legalizing medical cannabis in Kansas, urging lawmakers to advance legislation that would establish a regulated program for patients with qualifying medical conditions. Despite previous efforts, ...
Consolidation, Capital, and the Climb: Tracking U.S. Cannabis M&A and Investment Trends
NEW YORK –The U.S. cannabis industry has experienced major shifts in merger and acquisition (M&A) activity over the past year, reflecting broader trends of consolidation and strategic realignment. According to Viridian Capital Advisors, the Cultivation ...
McConnell Seeks to Close 2018 Hemp “Loophole” in Senate Funding Bill
LOS ANGELES- Senate Republican leader Mitch McConnell is advancing a provision in the FY 2026 agriculture appropriations bill aimed at revising the federal hemp definition to bar products containing any “quantifiable” amount of THC. The action ...
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, ...
Medical Cannabis Lawsuit Alleges THC Potency Fraud by Arkansas Cannabis Companies
ARKANSAS-- A new lawsuit has been filed in Arkansas, alleging that licensed cannabis companies have conspired to deceive patients by falsifying THC testing results. The suit, filed by MMJ patient Jakie Hanan in federal court, ...
California’s Government is Destroying California’s Cannabis Industry
SACRAMENTO-- California, often considered a pioneer in the legalization of cannabis, has faced numerous challenges in regulating the industry. One of the most pressing issues is the overtaxation of legal cannabis farms, which has led ...
Pervasip Corp Acquires Slurped & Starts Nano Emulsified Products’ Division
LOS ANGELES-- Pervasip Corp, a developer of companies and technologies in high value emerging markets, has announced the acquisition of Slurped, a nano tincture brand, and the establishment of Artizen Nano, a division focused on ...
New Mexico’s Adult-Use Cannabis Market Surpasses $300 Million in Sales for First Year of Operations
LOS ANGELES-- New Mexico's adult-use cannabis market has hit an impressive milestone by generating over $300 million in sales within its first year of operations, starting from April 1, 2022. Governor Lujan Grisham's office announced ...
Cannabis Advocates Hold Policy Forum in Capitol Hill to Discuss Critical Challenges and Opportunities
LOS ANGELES-- On April 20, a group of cannabis advocates will gather at the Capitol Visitors Center of the Congressional Auditorium for a policy forum. The event, which is symbolically scheduled on the unofficial cannabis ...
Nevada’s Cannabis Growers Struggle with Overtaxation Amid Falling Prices and Stale Data
NEVADA-- Nevada’s legal cannabis industry, which was expected to bring endless profit to licensees, is facing challenges that could lead to its decline. Nevada’s cannabis growers are complaining of overtaxation due to the state’s formula ...
Legal Cannabis Consumption at Detroit’s 420 Music Festival Marks a Milestone For The City’s Growing Cannabis Industry
DETROIT-- The city of Detroit is set to host its first-ever cannabis festival, a music event that will allow visitors to consume marijuana legally. The 420 Cannabis Music Festival, organized by D & G Venture, ...
MJ Unpacked Takes Proactive Approach to Addressing Social Equity and Inclusion in Cannabis Industry
NEW YORK--As MJ Unpacked, the premier event for the cannabis industry, gears up to take the stage in New York City from April 26-28, the East Coast cannabis market is poised for massive growth. However, ...
ACT and SC Labs Introduce “Trust in Testing” Certification for Safer Cannabis Products
LOS ANGELES-- ACT Laboratories and SC Labs, two of the largest cannabis testing labs in the United States, have joined forces to introduce the Trust In Testing Certification. This initiative establishes a national set of ...
Cornbread Hemp Closes Successful Seed Round
LOS ANGELES-- Cornbread Hemp, a top-selling CBD brand in the US, announced the successful closing of their seed round of fundraising and the acquisition of their processing and manufacturing partner. This move marks a significant ...
Cannabis Prices in Massachusetts Hit Five-Year Low
MASSACHUSETTS-- The cannabis industry in Massachusetts is facing tough times as prices for both wholesale and retail cannabis have plummeted to their lowest levels in five years. This trend is hitting businesses hard, with several ...
Las Vegas Developer Launches New Cannabis Lounge in New York
NEW YORK–In the affluent SoHo neighborhood of Manhattan, a new cannabis museum called House of Cannabis (aka THC NYC) is set to open on April 7. The museum is the brainchild of Robert Frey, the ...
NBA Will Allow Players To Use Cannabis
LOS ANGELES--The National Basketball Association (NBA) and the National Basketball Players Association (NBPA) have reached a deal to no longer randomly test players for cannabis, as reported by The Athletic. The agreement is part of ...
MediPharm Labs Acquires VIVO Cannabis in All-Equity Deal, Creating Global Medical Cannabis Leader
LOS ANGELES--MediPharm Labs and VIVO Cannabis Inc have announced the completion of a plan of arrangement that will result in MediPharm acquiring all the issued and outstanding common shares of VIVO. This all-equity business combination ...
Kentucky Gov. Beshear Signs Bill Allowing Medical Cannabis Sales By Private Industry in 2025
KENTUCKY-- Kentucky Governor Andy Beshear signed Senate Bill 47 into law on Friday, allowing private industry to sell cannabis beginning in 2025. This move puts Kentucky on the map in the modern cannabis industry, and ...
