M4MM
Why Bob Hoban Is Defending Steve DeAngelo—And What It Reveals About Cannabis Policy
LOS ANGELES- In cannabis industry discourse, facts can be overshadowed by simplified narratives. One such claim—widely circulated in trade circles—is that Steve DeAngelo, founder of Harborside and a prominent figure in the legalization movement, was ...
DEA Grants Import Permit for Psilocybin Truffles to Red Light Holland and Irvine Labs
LOS ANGELES- Red Light Holland Corp, an Ontario-based producer of psilocybin truffles, announced that its U.S. partner, Irvine Labs, has received a Controlled Substances Import Permit from the Drug Enforcement Administration (DEA). This authorization allows ...
Glass House Brands Proposes Long-Term Incentive Plan Tied to Share Price Performance
LOS ANGELES- Glass House Brands Inc. a vertically integrated cannabis company, has announced the mailing of its management information circular to shareholders ahead of its annual and special meeting scheduled for June 20, 2025. At ...
SNDL Reports Q1 2025 Earnings
LOS ANGELES- SNDL Inc. announced its financial and operational results for the first quarter ended March 31, 2025. The company reported net revenue of CAD $204.9 million, a 3.6% increase compared to the same period ...
Cybin CEO to Discuss Medical Innovation at Milken Institute Global Conference
LOS ANGELES- Cybin Inc. a neuropsychiatry company, announced that its Chief Executive Officer, Doug Drysdale, will participate in a panel discussion at the 28th Annual Milken Institute Global Conference. The panel, titled "The Global Landscape ...
Regulatory Advances Propel Global Medical Cannabis Market Growth
LOS ANGELES- The global medical cannabis market is experiencing significant growth, driven by regulatory reforms and increased acceptance of cannabis-based therapies. According to the "Medical Marijuana - Global Strategic Business Report 2025," the market was ...
Federal Inaction on Cannabis Exports May Cost U.S. Economy $10 Billion Annually
LOS ANGELES- The United States' federal stance on cannabis exports is potentially costing the economy up to $10 billion each year, according to industry analyses. While domestic cannabis sales are projected to reach $35.3 billion ...
Why Bob Hoban Is Defending Steve DeAngelo—And What It Reveals About Cannabis Policy
LOS ANGELES- In cannabis industry discourse, facts can be overshadowed by simplified narratives. One such claim—widely circulated in trade circles—is that Steve DeAngelo, founder of Harborside and a prominent figure in the legalization movement, was ...
DEA Grants Import Permit for Psilocybin Truffles to Red Light Holland and Irvine Labs
LOS ANGELES- Red Light Holland Corp, an Ontario-based producer of psilocybin truffles, announced that its U.S. partner, Irvine Labs, has received a Controlled Substances Import Permit from the Drug Enforcement Administration (DEA). This authorization allows ...
Glass House Brands Proposes Long-Term Incentive Plan Tied to Share Price Performance
LOS ANGELES- Glass House Brands Inc. a vertically integrated cannabis company, has announced the mailing of its management information circular to shareholders ahead of its annual and special meeting scheduled for June 20, 2025. At ...
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 ...
Trulieve Files Defamation Lawsuit Against Florida GOP Over Cannabis Legalization Ads
LOS ANGELES- Trulieve, Florida's largest medical cannabis operator, filed a defamation lawsuit against the Republican Party of Florida on Wednesday, accusing the party of spreading misleading advertisements about Amendment 3. The amendment, which will appear ...
StateHouse Goes Into Receivership With $100 mm In Debt
LOS ANGELES- Pelorus Fund REIT has filed a request with a California court to place StateHouse Holdings, a vertically integrated cannabis operator, into receivership following the company’s default on four loans. Pelorus, a private mortgage ...
Arkansas Supreme Court Orders Continuation of Signature Count for Cannabis Expansion Ballot Initiative
LOS ANGELES- The Arkansas Supreme Court has ordered Secretary of State John Thurston to continue counting approximately 18,000 signatures for a proposed medical cannabis expansion initiative, despite his earlier decision to invalidate them due to ...
MAPS Wins FDA Approval for Clinical Trials of Medical Cannabis
SAN JOSE-- The U.S. Food and Drug Administration (FDA) Division of Psychiatry Products has cleared the Multidisciplinary Association for Psychedelic Studies (MAPS)’ Phase 2 study of smoked cannabis in Veterans for the treatment of PTSD ...
How Advanced Nutrients is Unlocking Profit Potential for Cultivators
LOS ANGELES — In the competitive world of cannabis cultivation, plant health has become synonymous with profitability. As the industry matures and consumer expectations rise, the pressure on cultivators to consistently produce high-quality cannabis has ...
Arizona Court Rules THC Metabolites Alone Cannot Justify License Suspension
LOS ANGELES- The Arizona Court of Appeals has ruled that the presence of THC metabolites in a driver’s bloodstream is not sufficient grounds for suspending their driver’s license unless the driver is shown to be ...
TerrAscend Secures Additional $26 Million in Loan Draw to Pay Down High-Interest Debt
LOS ANGELES- TerrAscend Corp. a North American cannabis company, has completed a second draw of $26 million as part of its senior secured term loan, bringing the total gross proceeds to $140 million. The loan, ...
Georgia’s Hemp Industry Faces New Regulations
LOS ANGELES- The Georgia Hemp Farming Act, which introduces new age restrictions and regulations for hemp products, took effect on October 1. The law prohibits the sale, purchase, and possession of consumable hemp products for ...
California Legalizes Cannabis Cafes
LOS ANGELES- California Governor Gavin Newsom has signed a bill legalizing cannabis cafes, where consumers can enjoy cannabis alongside food, drinks, and live performances. This move, which aligns California with cannabis cafe models seen in ...
Ohio Recreational Cannabis Sales Exceed $76.2 Million in Under Two Months
LOS ANGELES- Recreational cannabis sales in Ohio have surpassed $76.2 million since launching in early August, according to data from the Ohio Department of Commerce’s Division of Cannabis Control (DCC). As of September 21, sales ...
Vermont Halts New Cannabis Retail Licenses
LOS ANGELES- Vermont's Cannabis Control Board has temporarily stopped accepting new retail cannabis license applications, citing concerns about market saturation in certain regions. The pause, which takes effect on October 25, comes after issuing just ...
California Legalizes Cannabis Lounges: A Win for the Cannabis Industry and Leaders like Urbana
LOS ANGELES — In a landmark decision for California’s cannabis industry, Governor Gavin Newsom has officially signed AB 1775 into law, allowing the creation of cannabis consumption lounges throughout the state. This move is set ...
FBI Data: Over 200,000 Arrests for Cannabis Possession in 2023
LOS ANGELES- Despite growing momentum for cannabis legalization in the U.S., over 200,000 people were arrested for cannabis possession in 2023, according to new data from the FBI’s Uniform Crime Reporting system. The report, which ...
Harris’s Comments Over Cannabis Reform in the 2024 Presidential Race
LOS ANGELES- Harris's comments come amid a broader debate over cannabis reform in the 2024 presidential race. While Democratic vice-presidential nominee Tim Walz has suggested that cannabis legalization should be handled by individual states, Harris's ...
