M4MM
Maryland House Committee Advances Bill to Exempt Certain Cannabis Transactions from State Sales Tax
LOS ANGELES- The Maryland House Ways and Means Committee approved House Bill 619, legislation designed to exempt specific cannabis-related transactions from the state's sales and use tax. The bill, introduced on January 23, 2025, seeks ...
Federal Indictment Uncovers Extensive Illegal Cannabis Operation on Navajo Nation
LOS ANGELES- A federal grand jury indicted Dineh Benally, 48; his father, Donald Benally, 74; and business associate Irving Rea Yui Lin, 73, on charges related to an illicit cannabis cultivation enterprise spanning New Mexico ...
Michigan Allocates Nearly $100 Million in Cannabis Tax Revenue to Local Entities
LOS ANGELES- The Michigan Department of Treasury announced the distribution of close to $100 million in cannabis tax revenue to 302 local entities, including cities, villages, townships, counties, and, for the first time, four federally ...
Delaware Receives Over 1,200 Cannabis Business License Applications Ahead of Market Launch
LOS ANGELES- Delaware officials have received 1,269 applications for cannabis business licenses, significantly surpassing expectations, as the state prepares to launch its adult-use cannabis market. The Office of the Marijuana Commissioner (OMC) opened the application ...
Missouri Health Department Requests $877K to Enforce Hemp Product Ban
LOS ANGELES- The Missouri Department of Health and Senior Services (DHSS) has requested $877,000 to fund the enforcement of Gov. Mike Parson’s ban on intoxicating hemp products. The request is part of a preliminary budget ...
Opinion: The Spectacular Fall From Grace of California Cannabis
LOS ANGELES-California cannabis’ fall from grace has been nothing short of spectacular. High taxes and fees, local bans, contaminated products making it to market, and misdemeanor penalties for commercial-scale unlicensed grows have hurt the regulated ...
New Jersey Senate Committee Advances Therapeutic Psilocybin Bill
LOS ANGELES- The New Jersey Senate Budget and Appropriations Committee has approved Senate Bill 2283, advancing legislation to legalize the therapeutic use of psilocybin for medical purposes. The bill, sponsored by Senate President Nick Scutari ...
Maryland House Committee Advances Bill to Exempt Certain Cannabis Transactions from State Sales Tax
LOS ANGELES- The Maryland House Ways and Means Committee approved House Bill 619, legislation designed to exempt specific cannabis-related transactions from the state's sales and use tax. The bill, introduced on January 23, 2025, seeks ...
Federal Indictment Uncovers Extensive Illegal Cannabis Operation on Navajo Nation
LOS ANGELES- A federal grand jury indicted Dineh Benally, 48; his father, Donald Benally, 74; and business associate Irving Rea Yui Lin, 73, on charges related to an illicit cannabis cultivation enterprise spanning New Mexico ...
Michigan Allocates Nearly $100 Million in Cannabis Tax Revenue to Local Entities
LOS ANGELES- The Michigan Department of Treasury announced the distribution of close to $100 million in cannabis tax revenue to 302 local entities, including cities, villages, townships, counties, and, for the first time, four federally ...
Cannabis Sales in Arizona Top $1.2 Billion in First 11 Months of 2021
PHOENIX–The Arizona Department of Revenue reported more than $1.23 billion in combined cannabis adult use & medical sales through the first 11 months of 2021, indicating that the state's cannabis industry is continuing to expand. ...
Viola Closes $13 Million Bridge Round
LOS ANGELES–Viola, the leading Black-owned multinational cannabis brand, rooted in building equity within the space, announced the closing of a $13 million equity funding round. DelMorgan & Co., an internationally recognized investment banking firm headquartered ...
Better U Announces a Team of Physicians to Enhance At-Home Psychedelic-Assisted Therapy
LOS ANGELES - Better U, at-home psychedelic-assisted therapy has announced its team of medical experts to enhance the benefits of their integrative psychedelic-assisted therapy experience for patients. Better U offers safe, legal, and effective online ...
Halo Collective Expands into Functional Beverages
TORONTO - Halo Collective Inc. (NEO: HALO) (OTCQB: HCANF) (Germany: A9KN) announced that it is strategically expanding into the functional beverage market with a proposed stock-based acquisition of private company operating as H2C Beverages and ...
Cantourage brings Ugandan medical cannabis to Germany through partnership with Israel’s Together Pharma
BERLIN - European medical cannabis leader Cantourage and Israeli medical cannabis producer Together Pharma (TASE: TGTR) have formed a partnership that will see the Ugandan medical cannabis brought to Germany. From today, pharmacies and patients ...
Field Trip Receives US Patent Covering Novel Psychedelic Molecule
TORONTO--Field Trip Health Ltd. (NASDAQ: FTRP, TSX: FTRP), a global leader in the development and delivery of psychedelic therapies, today announced that the U.S. Patent and Trademark Office (USPTO) has issued a Notice of Allowance ...
New Global Coalition Launches to Secure Rescheduling of Psilocybin Under 1971 UN Convention on Psychotropic Substances
Today marks the launch of the International Therapeutic Psilocybin Rescheduling Initiative (ITPRI), a global coalition working to promote and secure a rescheduling of psilocybin under the 1971 Convention on Psychotropic Substances. Psilocybin is the active ...
Day Three Labs Acquires Pharmaceutical-Grade Cannabinoid Infusion Technology
DENVER–Day Three Labs (DTL), a cannabinoid CPG ingredient manufacturer specializing in the development and commercialization of novel cannabis product solutions, has acquired a patented pharmaceutical-grade cannabinoid infusion technology developed by a leading Israeli bioscience company. ...
States Surpass $10 Billion in Tax Revenue from Legal, Adult-Use Cannabis Sales
Washington, D.C. — The Marijuana Policy Project has released a new report on tax revenue generated from state-legal, adult-use cannabis since 2014 when sales began in Colorado and Washington state. As of December 2021, states ...
Tilray, Inc. Reports Second Quarter Fiscal Year 2022 Financial Results, Changes Name
NEW YORK–Tilray reported Monday its financial results for the second fiscal quarter ended November 30, 2021, with net revenue of $155 million, up by around 20% from $129 million in the same period year ago and down from $168 million ...
Pet Releaf Introduces Higher Potency Hemp Oil and Liposomes
DENVER - Pet Releaf, the CBD hemp health brand for pets, announces two new higher potency CBD products for pet parents with larger dogs or who have multiple pet companions. Pet Releaf first released the ...
Trulieve to Offer Live Diamonds, Company’s Hydrocarbon Extraction Product
TALLAHASSEE, Fla. - Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF), a cannabis company in the U.S., announced the launch of Live Diamonds by Muse™. Live Diamonds are the innovation from Trulieve's state-of-the-art hydrocarbon extraction lab, ...
DNVR[8] Announces 4 New CBD Products
DENVER - DNVR8 announced four new CBD products to its lineup. In addition to being 100% vegan, and melatonin-free, their new product offerings bring the increased bioavailability of nano-emulsified CBD to the table for their ...
Canntab Delivers 1st Shipment to the Ontario Cannabis Store and 2nd Shipment to Australia
TORONTO - Canntab Therapeutics Limited (CSE:PILL.CN) (OTCQB:CTABF) (FRA:TBF1.F), an innovator in cannabinoid and terpene blends in hard pill form for therapeutic applications, is pleased to provide an update on its recent product deliveries for Ontario ...
Apollon Formularies Enters Agreements with CLA-Licensed Medical Cannabis Cultivators
LONDON - Apollon Formularies plc (AQSE: APOL), a UK based international medical cannabis pharmaceutical company trading on AQSE Growth Market, announced that the Company has signed more than a dozen Tripartite Agreements with Cannabis License ...
