M4MM
San Diego Evaluates Cannabis Business Tax Increase
LOS ANGELES- The San Diego City Council is considering a proposal to raise the tax rate on cannabis businesses from 8% to 10%, aiming to address a projected $258 million budget deficit for the upcoming ...
MindMed Reports 2024 Financial Results and Advances in Clinical Trials
LOS ANGELES- of December 31, 2024, MindMed reported cash and cash equivalents totaling $273.7 million, up from $99.7 million at the end of 2023. This increase is attributed to equity financings totaling approximately $250 million ...
States Propose Cannabis Tax Hikes Amid Industry Pushback
LOS ANGELES- In Michigan, Governor Gretchen Whitmer's recent $3 billion infrastructure plan includes a proposal to close a cannabis tax loophole, potentially generating an additional $470 million for road repairs. This move has alarmed local ...
Michigan Transfers Hemp Regulation to USDA
LOS ANGELES- Michigan has concluded its state-managed industrial hemp program, transitioning regulatory oversight to the U.S. Department of Agriculture (USDA) effective January 1, 2025. This shift, prompted by the enactment of House Bill 5977, dissolves ...
Psychedelic Drugs Market Poised for Growth: From $0.7B in 2022 to $2.6B by 2032
The global psychedelic drugs market is projected to expand from $0.7 billion in 2022 to $2.6 billion by 2032, reflecting a compound annual growth rate (CAGR) of 13.4%.According to Allied Market Research This growth is ...
Oklahoma to Launch State-Run Cannabis Testing Lab for Industry Oversight by February 2025
LOS ANGELES- Oklahoma is preparing to launch a state-operated cannabis testing laboratory in February 2025, aiming to enhance the accuracy and reliability of product assessments within the state's medical cannabis industry. This initiative addresses longstanding ...
Climate First Bank Introduces Cannabis-Focused Financial Services in Florida
LOS ANGELES- Climate First Bank, headquartered in Orlando, Florida, has introduced specialized banking services tailored for the cannabis industry. This initiative aims to address the financial challenges faced by cannabis businesses, particularly in accessing traditional ...
San Diego Evaluates Cannabis Business Tax Increase
LOS ANGELES- The San Diego City Council is considering a proposal to raise the tax rate on cannabis businesses from 8% to 10%, aiming to address a projected $258 million budget deficit for the upcoming ...
MindMed Reports 2024 Financial Results and Advances in Clinical Trials
LOS ANGELES- of December 31, 2024, MindMed reported cash and cash equivalents totaling $273.7 million, up from $99.7 million at the end of 2023. This increase is attributed to equity financings totaling approximately $250 million ...
States Propose Cannabis Tax Hikes Amid Industry Pushback
LOS ANGELES- In Michigan, Governor Gretchen Whitmer's recent $3 billion infrastructure plan includes a proposal to close a cannabis tax loophole, potentially generating an additional $470 million for road repairs. This move has alarmed local ...
Cannabis Testing Market is expected to generate a revenue of USD 3013.48 Million by 2028
JERSEY CITY, N.J. - Verified Market Research recently published a report, "Cannabis Testing Market" By Product And Software (Products, Software (Cannabis LIMS)), By Service (Potency Testing, Pesticide Screening, Heavy Metal Testing, Genetic Testing), By End-User ...
Jushi Holdings Inc. Launches Newly Formulated Cannabis Infused Fruit Chews by Tasteology
BOCA RATON, Fla. - Jushi Holdings Inc. (CSE: JUSH) (OTCQX: JUSHF), a multi-state cannabis operator, announced it has debuted its newly formulated vegan and gluten-free Tasteology Fruit Chews in Massachusetts and expects to roll out ...
Verano Refinances $350 Million Credit Facility with Significant Optionality to Bolster Strategic Growth Plans
CHICAGO - Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF), a multi-state cannabis company, today announced it has entered into a credit agreement to refinance its existing $350 million credit facility, extending the maturity date to ...
Jane Technologies Launches First-of-its-Kind iOS App for Cannabis Shopping
SANTA CRUZ, Calif, Jane Technologies, Inc. a cannabis industry e-commerce provider and creator of online cannabis marketplace, announced the launch of its new iOS app. The Jane app is the first of its kind, bringing ...
Germany to Legalize Recreational Cannabis Use
BERLIN– Chancellor Olaf Scholz's administration announced intentions to legalize cannabis on Wednesday, making Germany one of the first nations in Europe to do so. A foundational document on proposed legislation to oversee the restricted distribution ...
Hemp Tea Market to Reach $392.8 Million Globally, by 2031
PORTLAND, Ore. - Allied Market Research published a report, titled, "Hemp Tea Market by Distribution Channel (Online/Direct-to-Consumer, Convenience Stores, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." According to the report, the global hemp tea ...
