M4MM
Senator Lankford Introduces Bill to Prevent Tax Deductions for Cannabis Businesses
LOS ANGELES- Senator James Lankford (R-OK) introduced the "No Deductions for Marijuana Businesses Act," aiming to prevent cannabis businesses from deducting business expenses on their federal taxes, even if cannabis is rescheduled under federal law. ...
What You Need to Know: Mergers, Acquisitions, and Consolidation
LOS ANGELES—Every CFO needs to know that navigating mergers, acquisitions, and consolidation in cannabis and psychedelics industries requires a deep understanding of business valuation complexities and strategic deal-making. Effective M&A strategies are crucial to driving ...
Atai Life Sciences Reports Positive Results from BPL-003 Phase 2a Study
LOS ANGELES- Atai Life Sciences has announced favorable outcomes from a Phase 2a open-label study evaluating BPL-003, an intranasal formulation of 5-MeO-DMT benzoate, in patients with moderate to severe alcohol use disorder (AUD). The study ...
MariMed Reports Q2 2024 Earnings with Revenue Growth Amid Margin Pressures
LOS ANGELES- MariMed Inc., a Massachusetts-based multistate cannabis operator, reported its financial results for the second quarter of 2024, revealing strong revenue growth alongside increased expenses and margin pressures as the company continues to expand ...
Award-Winning Cannabis Farm Tikun Olam’s Secret to Exceptional Cannabis Yields
LOS ANGELES — An international award-winning cannabis company backed by 15 years of clinical research, Tikun Olam, knows a thing or two about growing world-class crops. They also know that optimizing their facility protocols can ...
Experts Advocate for Rescheduling Psilocybin to Unlock Mental Health and Economic Benefits
LOS ANGELES- A group of academics from The University of Manchester, supported by Policy@Manchester, has submitted evidence advocating for the rescheduling of psilocybin under the UK's drug laws. The submission, authored by Professor Jo Neill, ...
Planet 13 Reports Q2 2024 Revenue Growth
LOS ANGELES- Planet 13 Holdings Inc. a vertically integrated multistate cannabis operator, announced its financial results for the second quarter of 2024, highlighting robust revenue growth driven by strategic acquisitions and expanding operations. For the ...
Senator Lankford Introduces Bill to Prevent Tax Deductions for Cannabis Businesses
LOS ANGELES- Senator James Lankford (R-OK) introduced the "No Deductions for Marijuana Businesses Act," aiming to prevent cannabis businesses from deducting business expenses on their federal taxes, even if cannabis is rescheduled under federal law. ...
What You Need to Know: Mergers, Acquisitions, and Consolidation
LOS ANGELES—Every CFO needs to know that navigating mergers, acquisitions, and consolidation in cannabis and psychedelics industries requires a deep understanding of business valuation complexities and strategic deal-making. Effective M&A strategies are crucial to driving ...
Atai Life Sciences Reports Positive Results from BPL-003 Phase 2a Study
LOS ANGELES- Atai Life Sciences has announced favorable outcomes from a Phase 2a open-label study evaluating BPL-003, an intranasal formulation of 5-MeO-DMT benzoate, in patients with moderate to severe alcohol use disorder (AUD). The study ...
Delta 8 THC is a Fun Version of Weed – Ministry of Hemp’s Podcast #61
LOS ANGELES–The Ministry of Hemp's 61st episode saw the host Matt sit down with Jordan Lams, the CEO of Moxie, a Long Beach-based marijuana cultivation and manufacturing company. The duo wanted listeners to know how it feels ...
Prima Closes $9.2 Million Seed Plus Financing
LOS ANGELES–The Uplifters' Prima, PBC a purpose-driven brand focused on science-backed plant therapeutics and cannabinoids, today announced the close of a $9.2 million Seed Plus financing led by leading institutional venture firms Greycroft, H Ventures, Defy, and Lerer ...
Flash Report: Memorial Day Weekend Cannabis Sales Predicted To Reach $238M
DENVER–Business intelligence from Akerna (Nasdaq: KERN), an enterprise resource planning (ERP) software technology platform, predicts that Memorial Day weekend will be high grossing for the cannabis retail industry, with approximately $238,000,000 in adult-use and medical ...
Charlotte’s Web Unveils New In-Store Displays As Retail Rebounds
BOULDER–Consumers are finally returning to in-store shopping for their health and wellness needs. Charlotte's Web Holdings Inc., today unveiled two retail innovations: a first-to-market high tech in-store kiosk that doubles as an educational resource for ...
Cannibble Enters Canadian Cannabis Edibles market
ROSH HAA'YIN, Israel–Cannibble FoodTech Ltd an Israeli Foodtech start up, announced that it reached an agreement to develop a new line of CBD infused shakes with one of Canada's leading Cannabis companies. Cannibble will develop ...
Stability Cannabis Close $44 Million Series A Funding Round
OKLAHOMA CITY–Cannabis cultivator and distributor Stability Cannabis has successfully closed a $44 million series A funding round; acquires minority equity position in Missouri cannabis operation. "The accelerating growth and profitable operating profile of Stability Cannabis ...
Panaxia And Leriva Announce Exclusive Cannabis Collaboration In Greece
ATHENS and TEL AVIV–Panaxia Israel (TASE: PNAX), Israel's leading medical cannabis products manufacturer and Leriva Group, one of Greece's leading distributors of medical equipment, medical supplies and health services, announced today, Wednesday May 19, 2021, ...
Cookies and WebberWild Join Forces to Launch Cookies U
HUMBOLDT–Cookies' Social Impact Program, an initiative by international cannabis brand COOKIES dedicated to creating a more equitable and accessible cannabis industry, and WebberWild Impact Foundation "WebberWild," a non-profit organization that funds education and training for persons ...
Greenlane Announce Quarter 1, 2021 Revenues
BOCA RATON–Greenlane Holdings, Inc. (Nasdaq: GNLN), one of the largest sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, today reported financial results for the first quarter ended March 31, 2021. First Quarter ...
TerrAscend Reports First Quarter 2021 Results
NEW YORK and TORONTO–TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF), a leading North American cannabis operator, today reported financial results for its first quarter ending March 31, 2021. First Quarter 2021 Financial Highlights (Unless otherwise stated, ...
Leaf Infusions 15,000 Sq. Ft. Cannabis Co-Packing Facility for “White Label Products” in Metro Vancouver
NEW WESTMINSTER, B.C.–Leaf Infusions has begun the construction process of its 15,000 square foot facility in New Westminster, British Columbia. Leaf Infusions provides 'white-label', that is, turn-key cannabis co-packing solely focused upon formulation, testing, manufacturing, ...
Missouri’s Largest Cannabis Processing Facility Just Completed
ST. LOUIS–MidWest Roots successfully passed its inception inspection and then, upon licensure, will begin production as soon as adequate supplies of raw materials are secured. Midwest Roots has completed the build out of a 65,000 ...
Petalfast Closes $2.8 Million Round Of Funding Led By Merida Capital Holdings
IRVINE, Calif., –Petalfast Inc. today announces the closing of a $2.8 million capital raise in connection with its latest round of Series A funding. Led by Merida Capital Holdings, the funding provides Petalfast with the opportunity to strengthen ...
