M4MM
Global Developments in Cannabis Legalization in 2023
LOS ANGELES- In 2023, several countries made significant strides in cannabis legalization, reflecting a global shift in drug policy. Germany's Legislative Progress Germany advanced toward legalizing cannabis for adult use, aiming to become the European ...
RIV Capital’s Revenue Doubles Amid New York Cannabis Market Expansion
LOS ANGELES- RIV Capital Inc. reported a significant increase in net revenue for the third quarter ending September 30, 2024, achieving $4.9 million—a 28% rise from the previous quarter and a 186% surge compared to ...
Cannabis Industry Faces Rising Threat of Ransomware Attacks
LOS ANGELES- The cannabis industry is increasingly becoming a target for ransomware attacks, with the Everest Ransomware group recently focusing on this sector. In November 2024, two cannabis operators were listed as victims on Everest's ...
Psychedelics Linked to Improved Cognitive Functioning in Older Adults
LOS ANGELES- Older individuals who have used psychedelics exhibit better cognitive functioning and fewer depressive symptoms compared to those who have not, according to new research published in Gerontology & Geriatric Medicine. However, psychedelic usage ...
Slovenia Votes Overwhelmingly for Cannabis Reforms in Recent Elections
WORLD- In a significant shift, Slovenian voters have endorsed key cannabis reforms, including the cultivation of medical cannabis and limited personal use, reflecting evolving societal attitudes. One of the key questions put to voters was ...
Massachusetts Lawmakers Postpone Intoxicating Hemp Regulation to 2025
LOS ANGELES- Massachusetts lawmakers have announced that legislation to regulate intoxicating hemp products will not be completed before the end of the current legislative session next month. Despite the pressing need for regulation, the bill ...
New York Advances Cannabis Regulation Amid Enforcement Challenges
NEW YORK- New York has made notable progress in cannabis regulation, introducing new rules that allow adults to cultivate plants for personal use. This development is part of the state’s broader strategy to foster a ...
Global Developments in Cannabis Legalization in 2023
LOS ANGELES- In 2023, several countries made significant strides in cannabis legalization, reflecting a global shift in drug policy. Germany's Legislative Progress Germany advanced toward legalizing cannabis for adult use, aiming to become the European ...
RIV Capital’s Revenue Doubles Amid New York Cannabis Market Expansion
LOS ANGELES- RIV Capital Inc. reported a significant increase in net revenue for the third quarter ending September 30, 2024, achieving $4.9 million—a 28% rise from the previous quarter and a 186% surge compared to ...
Cannabis Industry Faces Rising Threat of Ransomware Attacks
LOS ANGELES- The cannabis industry is increasingly becoming a target for ransomware attacks, with the Everest Ransomware group recently focusing on this sector. In November 2024, two cannabis operators were listed as victims on Everest's ...
Trait Biosciences Closes Series A C$31 Million Financing
VANCOUVER, BC–Trait Biosciences Inc.-- a cannabinoid research company focused on developing technologies that enable the production of safe, high-quality, predictable, and efficacious CBD products -- today announced the completion of a C$31 million Series A financing ...
Parallel’s goodblend Texas Launches First CBN Cannabis Product Line for Texas
AUSTIN–goodblend™ Texas, a retail brand of Parallel, one of the nation's largest privately-held multi-state cannabis operators, today announced the launch of the first cannabinol (CBN) products for patients registered in the Texas Compassionate Use Program. The Surterra Wellness Dream +CBN branded ...
New Female-Founded CBD Brand House of Wise Launches Sleep, Stress and Sex Products
MIAMI–CBD brand House of Wise launches with a full line of luxury, full-spectrum, organic CBD products empowering women to give more intention and purpose to sleep, stress management and sex so they can be in the ...
Nextleaf Launches Specialty Molecules Division
VANCOUVER, B.C. – Nextleaf Solutions Ltd. (CSE: OILS) (OTCQB: OILFF), an extraction company that owns one of the largest portfolios of U.S. patents for the extraction and distillation of cannabinoids, is pleased to announce the ...
Berlin Cannabis Start Up Closes $44M Funding Round In Biggest Raise Yet For European Cannabis
BERLIN–Berlin-based cannabis start-up Sanity Group announced today it has closed a $44.2M USD Series A financing round with new investment led by Swiss venture capital firm Redalpine along with US-based Navy Capital and SOJE Capital. GMPVC also participated ...
Columbia Care to Acquire Medicine Man in $42M Deal
NEW YORK– Columbia Care Inc (NEO: CCHW) (OTCQX: CCHWF) (FSE: 3LP), one of Colorado's largest and most experienced cultivators, manufacturers and providers of cannabis products in the United States, today announced that it has entered ...
Sacramento Throws California Cannabis Operators $100 Million Lifeline
LOS ANGELES–California's State Legislature on Monday approved a $100-million plan for California’s legal cannabis industry, which continues to struggle to compete with the large illicit cannabis market nearly five years after voters approved sales for ...
Innocan Pharma Announces Patent Application for Novel Cannabis-Based Vaginal Moisturizer and Lubricant Treatment
HERZLIYA, Israel–Innocan Pharma Corporation (CSE: INNO) (FSE: IP4) (OTCQB: INNPF) announce it has filed an international patent application for a novel cannabis-based Vaginal Moisturizer and Lubricant Treatment. The composition comprises cannabinoids and additional agents of a ...
43% of U.S. Retail Investors Have at Least One Cannabis-Related Stock or Fund
CHARLOTTE, N.C.–With support for cannabis legalization at an all-time high in the U.S., it shouldn't come as a surprise that more people are investing in cannabis-related stocks. The latest MagnifyMoney survey of more than 1,200 investors ...
Acreage Holdings Founder Launches $125 Million Cannabis REIT
CYPRESS, Texas–Viridescent Management LLC, an affiliate of Viridescent Capital Partners, a private investment firm with substantial operating and investing experience across the U.S. cannabis industry, is pleased to announce a first close of over $125 ...
As the First Cannabis-Centered Video Sharing Social Network, SmokeSesh.Life Looks Towards Official Launch
DENVER–Created nearly one year ago by Travis "TJ" Owens, SmokeSesh.Life is finalizing plans to officially come to market as the first cannabis-focused social media site of its kind. With hundreds of users already signed up, ...
Creo Announces Collaborations With Fifth & Root And Joiya Bringing Innovative CBG Skincare Products to Market
SAN DIEGO–Creo, an ingredient technology company with a proprietary platform for producing natural cannabinoids without the cannabis plant, today announced collaborations with both Fifth & Root and Joiya to introduce new CBG skincare products using Creo CBG. The company has ...
PharmaCielo Welcomes Bill Petron as Chairman of the Board
TORONTO– PharmaCielo Ltd. (TSXV: PCLO) (OTCQX: PCLOF), the Canadian parent of a Colombian cultivator and producer of medicinal-grade cannabis extracts, PharmaCielo Colombia Holdings S.A.S., today announced that all of the nominees listed in the Management ...
Trulieve Completes Acquisition of Solevo Wellness West Virginia
TALLAHASSEE– Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF), a leading cannabis company in the United States, today announced the closing of the acquisition of Solevo Wellness West Virginia LLC and its three West Virginia dispensary ...
California Cannabis Distributor Nabis Increases Capacity With New SoCal Fulfillment Center
LOS ANGELES– Nabis, California's largest licensed cannabis distributor, announced today the opening of their new Southern California fulfillment center and new partnerships with a number of market leading brands. The 20,000 square-foot facility in Los Angeles allows Nabis to store three ...
