M4MM
The Unregulated Illicit Cannabis Market Is Booming in California
LOS ANGELES-In 2024, California's legal cannabis production experienced an 11.8% increase, reaching 1.4 million pounds, according to a study commissioned by the state's Department of Cannabis Control (DCC). Despite this growth, the illicit cannabis market ...
Glass House Brands Secures $50 Million Senior Secured Loan
LOS ANGELES- Glass House Brands Inc., a vertically integrated cannabis company, has secured a new $50 million senior secured loan maturing on January 31, 2030. This facility replaces the previous loan set to mature in ...
Cannabis Edibles and Emergency Department Visits
LOS ANGELES- The consumption of cannabis edibles has been linked to a notable increase in emergency department (ED) visits, particularly among younger populations. Unlike inhaled cannabis, edibles have a delayed onset of effects, often leading ...
California Bans Hemp-Derived THC Products Amid Regulatory Concerns
LOS ANGELES- California has implemented a ban on hemp-derived THC products following the approval of emergency regulations proposed by Governor Gavin Newsom. Effective September 23, 2024, the new rules prohibit any hemp-based products containing detectable ...
New Bill Seeks to Regulate Hemp-Derived Cannabinoid Market
LOS ANGELES- Senator Ron Wyden (D-OR) has introduced the Cannabinoid Safety and Regulation Act, a bill aimed at establishing a federal regulatory framework for hemp-derived cannabinoids. The proposed legislation would empower the Food and Drug ...
Psyence Biomed to Acquire Stake in PsyLabs for $1.1 Million
LOS ANGELES- Psyence Biomedical Ltd. announced its agreement to acquire an 11.13% stake in PsyLabs, a company specializing in psychedelic active pharmaceutical ingredients (APIs) and extracts, in exchange for $1.1 million worth of common stock. ...
Weedmaps’ WM Technology Faces SEC Scrutiny Over Misleading Investor Reports
NEW YORK–WM Technology, Inc. (Nasdaq: MAPS), best known for its cannabis-focused platform, Weedmaps, has found itself at the center of an SEC investigation over misleading user metrics. The California-based company recently agreed to pay a ...
The Unregulated Illicit Cannabis Market Is Booming in California
LOS ANGELES-In 2024, California's legal cannabis production experienced an 11.8% increase, reaching 1.4 million pounds, according to a study commissioned by the state's Department of Cannabis Control (DCC). Despite this growth, the illicit cannabis market ...
Glass House Brands Secures $50 Million Senior Secured Loan
LOS ANGELES- Glass House Brands Inc., a vertically integrated cannabis company, has secured a new $50 million senior secured loan maturing on January 31, 2030. This facility replaces the previous loan set to mature in ...
Cannabis Edibles and Emergency Department Visits
LOS ANGELES- The consumption of cannabis edibles has been linked to a notable increase in emergency department (ED) visits, particularly among younger populations. Unlike inhaled cannabis, edibles have a delayed onset of effects, often leading ...
Cantourage Partners with FarmaGrowers to Bring First South African Medical Cannabis to Germany
BERLIN - European medical cannabis Cantourage and South Africa-based farming enterprise FarmaGrowers have confirmed an agreement to supply South African medical cannabis dried flower products to German pharmacies. The agreement means that Germany's growing number ...
Glass House Brands Appoints Mark Vendetti as Chief Financial Officer
LONG BEACH, Calif. and TORONTO - Glass House Brands Inc. (NEO: GLAS.A.U) (NEO: GLAS.WT.U) (OTCQX: GLASF) (OTCQX: GHBWF), a cannabis company in the U.S., announced that Mark Vendetti has been appointed Chief Financial Officer of ...
Aurora Cannabis Launches its Medical CBD Product in Uruguay
EDMONTON, AB - Aurora Cannabis Inc. (NASDAQ: ACB) (TSX: ACB), has launched Bidiol, the medical cannabis oil in Uruguay that is produced domestically. The CBD oil is available in 3% and 10% concentrations and comes ...
90% of CBD Brands Third-Party Test Their Products
TUSTIN, Calif. - While 84% of Americans are concerned about the CBD industry and its minimal level of regulatory oversight, most CBD products are third-party tested, according to an analysis conducted by industry watchdog CBD ...
Boston Hempire’s New Adult Candy Shop
BOSTON - Boston Hempire has rolled out a new online Candy Store. These candies contain cannabinoids like Delta 8 THC and Delta 10 THC, making this an adult only candy shop. The new Boston Hempire ...
Global Widget Debuting New Hemp Bombs Gummies Flavors
TAMPA, Fla. - Global Widget, the manufacturer and distributor of the CBD brand Hemp Bombs® and a contract manufacturer of CBD and health and wellness products, will launch new flavors of its Hemp Bombs gummies ...
The Cannabinoid Institute Offers Medical Cannabis Training Courses Free of Charge
NEW YORK - The Cannabinoid Institute (TCI) announced that it is offering its cannabis training certification courses free of charge to 100 medical students in the state of New York. Courses will be awarded to the ...
Adastra Holdings Enters Market with Creation of THC-Free 99% Pure CBD Isolate
LANGLEY, BC - Adastra Holdings Ltd. (formerly Phyto Extractions Inc.) (CSE: XTRX) (Frankfurt: D2EP), announced the creation of CBD Isolate. The composition of CBD isolate enables the development and commercialization of recreational, medical, and cosmetic ...
Los Angeles District Attorney Dismisses 60,000 Cannabis Convictions
LOS ANGELES — The Los Angeles District Attorney's office announced Monday that it will move to dismiss nearly 60,000 cannabis-related convictions about five years after California voters approved recreational cannabis. Officials identified about 58,000-60,000 non-violent-cannabis ...
KindTap Brings First-of-Its-Kind Credit Payments Solution to Massachusetts
BOSTON - KindTap Technologies, a digital credit and loyalty-enabled payments solution, announced the launch of its consumer credit product, starting initially in the Massachusetts cannabis market. KindTap's digital credit solution, a first-of-its-kind service for the ...
PBG BioPharma Inc. receives GMP Manufacturing Site Licence for NHPs
LEDUC, AB - PBG BioPharma Inc., (PBG), a Phytochemical Biopharmaceutical Group company, announced that it has received a manufacturing Site License issued by the Natural and Non-Prescription Health Products Directorate (NNHPD) of Health Canada for ...
Jamaican Cannabis Launching for German Medical Cannabis Patients
BERLIN - European cannabis company Cantourage and Australian-based operator Cannim are now deepening their partnership with the introduction of an innovative new Jamaican cannabis strain to Germany pharmacies. The launch of HummingBud follows just four ...
Bazelet Health and Sattviko to produce plant-based superfoods for the global marketplace
ORLANDO, Fla. - Bazelet Health Systems Inc., a wholly owned subsidiary of Neon Bloom, Inc. (OTC:NBCO) announced it recently signed an agreement with Sattviko, a packaged food manufacturer. This partnership will produce a line of ...
Study: No Rise in Youth Cannabis Use Following Legalization
LOS ANGELES–The passing of both recreational or adult-use and medical cannabis legalization laws have not led to any uptick in youth consumption of cannabis, according to data published in the Journal of the American Medical Association. Researchers ...
Goodness Growth Holdings Announced Sale & Leaseback with Innovative Industrial Properties
MINNEAPOLIS - Goodness Growth Holdings, Inc. (CSE: GDNS; OTCQX: GDNSF), a physician-led, science-focused cannabis company and IP developer, announced the closing of a sale leaseback transaction with Innovative Industrial Properties, Inc. (NYSE: IIPR) in the ...
