M4MM
Australia’s Medicinal Cannabis Imports Hit Record Highs
SYDNEY – Figures released this week by Australia's Office of Drug Control paint a picture of robust expansion in the country's regulated Cannabis sector, with imports leading the charge alongside steady advances in domestic output ...
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 ...
Legal Status of Cannabis in Europe
LOS ANGELES- A growing number of European countries now permit the use, cultivation or sale of cannabis under regulated conditions, driven by evolving public policy and emerging economic opportunity. Germany legalized limited recreational use on ...
New Lawsuit Challenges Lottery Process for Kentucky Medical Cannabis Licenses
LOS ANGELES- A group of Kentucky-based applicants has filed a lawsuit arguing that the state’s lottery system for awarding medical cannabis licenses is unconstitutional and unfairly structured. The suit, filed on June 27 in Jefferson ...
Organigram Expands U.S. Market Through Collective Project Direct to Consumer Launch and THC Beverage Portfolio Expansion
LOS ANGELES- Organigram Global Inc. Canada’s largest cannabis producer by market share, has entered a significant new phase in its U.S. strategy. Through its recently acquired subsidiary, Collective Project, the company has launched a direct-to-consumer ...
Clampdown on Australian Medicinal Cannabis Prescribing Raises Questions on Effectiveness
LOS ANGELES- Health regulators in Australia recently issued reinforced guidance aimed at improving prescribing standards for medicinal cannabis, reflecting growing concerns over patient safety and industry conduct. The Australian Health Practitioner Regulation Agency (AHPRA), along ...
Australia’s Medicinal Cannabis Imports Hit Record Highs
SYDNEY – Figures released this week by Australia's Office of Drug Control paint a picture of robust expansion in the country's regulated Cannabis sector, with imports leading the charge alongside steady advances in domestic output ...
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 ...
Alabama Medical Cannabis Commission Grants Licenses to Cannabis Businesses
LOS ANGELES -- In a momentous development for the medical cannabis industry in Alabama, the Alabama Medical Cannabis Commission (MCC) announced the recipients of its highly anticipated first round of business licenses. The MCC, responsible ...
PharmAla Biotech and Psyched Wellness Secure Funding for Research and Development
LOS ANGELES-- In the ever-evolving landscape of psychedelic drug companies, securing funding has become increasingly challenging. However, two firms, PharmAla Biotech Holdings Inc. and Psyched Wellness Ltd., have recently announced successful rounds of funding, allowing ...
Dispensaries Drive New Mexico’s Cannabis Industry Employment, Reveals Workforce Report
LOS ANGELES-- According to a recent report released by the New Mexico Department of Workforce Solutions, the cannabis industry in the state employed more than 4,600 workers by the end of last year, with a ...
Numinus Wellness Inc. Appoints Nikhil Handa as Chief Financial Officer
LOS ANGELES-- Numinus Wellness Inc. a mental health care company focusing on innovative treatments and evidence-based psychedelic-assisted therapies, has announced the appointment of Nikhil Handa as its new Chief Financial Officer, effective June 2023. The ...
RIV Capital Inc. Announces Fiscal Year 2023 Results and Updates on New York Cannabis Market
LOS ANGELES-- RIV Capital Inc., an acquisition and investment firm focused on building a leading multistate cannabis platform, released its financial results for the fourth quarter and fiscal year ended March 31, 2023. Despite the ...
Licensed Pharmacies in Georgia Set to Begin Cannabis Oil Sales by Late August
LOS ANGELES-- The legal cannabis market in Georgia is poised to expand significantly as the state Board of Pharmacy recently introduced regulations enabling independent pharmacies to distribute cannabis oil. This development, following the legalization of ...
Leafly Faces Scrutiny After Removing Investigative Articles on Trulieve Worker’s Death
LOS ANGELES–Leafly, a previously well-regarded online cannabis platform, has come under fire for removing two crucial articles that delved into the tragic death of Lorna McMurrey, a 27-year-old cannabis worker. McMurrey collapsed during her ...
The Growing Green Wave: Cannabis Industry Emerges in Europe, Paving the Way for New Players
NICE, France-As European countries increasingly seek to legalize cannabis, companies from across the globe are eyeing opportunities in the budding market. Calls to legalize cannabis are mounting across Europe, as a growing number of countries ...
The Growing Green Wave: Cannabis Industry Emerges in Europe, Paving the Way for New Players
NICE, France-As European countries increasingly seek to legalize cannabis, companies from across the globe are eyeing opportunities in the budding market. Calls to legalize cannabis are mounting across Europe, as a growing number of countries ...
New York Lawmakers Greenlight Cannabis Sales to Tribal Nations, Aiding Retail Rollout
NEW YORK- In a significant development for New York's cannabis industry, lawmakers have approved a bill that permits licensed cannabis farmers to sell their products to tribal nations with established cannabis markets. This move comes ...
Cannabis Industry Giant Glass House Faces Lawsuit Alleging Illicit Market Activities
LOS ANGELES-- In a daring move that has caught the attention of the cannabis industry, Catalyst Cannabis Co.'s CEO, Elliot Lewis, has taken legal action against Glass House Brands, one of California's leading cannabis mega-growers. ...
Aurora Cannabis Inc. Reports Adjusted EBITDA in Q3 2023
LOS ANGELES-- Aurora Cannabis Inc., a Canadian cannabis company released its financial and operational results for the third quarter and fiscal year 2023, demonstrating positive momentum and a commitment to financial discipline. The company's ongoing ...
C21 Investments Inc. Files Audited Financial Statements for Fiscal Year 2023, Reports Revenue Decline and Positive Net Income
LOS ANGELES-- C21 Investments Inc. announced the filing of its audited financial statements and management discussion and analysis for its fiscal year ended January 31, 2023. The financial statements, prepared in accordance with U.S. Generally ...
Humble & Fume Inc. Successfully Closes Non-Brokered Private Placement
TORONTO— Humble & Fume Inc. a distributor of cannabis and cannabis accessories in North America, has announced the successful closing of its non-brokered private placement of convertible debenture units. The offering, which was previously announced ...
IM Cannabis Corp. Achieves Compliance with Nasdaq Listing Standards
TEL AVIV — IM Cannabis Corp. a medical cannabis company operating in Israel and Germany, announced today that it has received formal notice from The Nasdaq Stock Market, LLC ("Nasdaq") confirming the company's compliance with ...
