M4MM
Legalization Significantly Reduces Canada’s Illicit Cannabis Market
LOS ANGELES- Recent analyses indicate that Canada's legalization of non-medical cannabis in 2018 has substantially shifted consumer spending from illicit to legal markets. Studies report that within five years of legalization, approximately 75% of cannabis ...
New York Cannabis Policy Faces Criticism Amid Regulatory Challenges
LOS ANGELES- Boris Jordan, CEO of Curaleaf Holdings Inc., a multi-state cannabis operator, has publicly criticized New York Governor Kathy Hochul and state cannabis regulators, alleging that current policies are detrimental to established medical cannabis ...
Cybin Secures Additional U.S. Patent for CYB003
LOS ANGELES- Cybin Inc. a biopharmaceutical company, announced the granting of U.S. patent 12,291,499 by the United States Patent and Trademark Office. This patent pertains to pharmaceutical compositions and oral dosage forms within the company's ...
Glass House Brands and UC Berkeley Collaborate on Hemp Research and Development
LOS ANGELES- Glass House Brands Inc., a vertically integrated cannabis company, has entered into a collaboration with the University of California, Berkeley, to conduct research on hemp. The partnership will focus on areas such as ...
Cannabis Testing Market Projected to Reach $3.2 Billion by 2030
LOS ANGELES- The global cannabis testing market is projected to experience significant growth, with estimates indicating an increase from $1.26 billion in 2025 to $2.33 billion by 2030, reflecting a compound annual growth rate (CAGR) ...
SNDL to Acquire 32 Cannabis Retail Stores from 1CM Inc.
LOS ANGELES- SNDL Inc. has entered into an agreement to acquire 32 cannabis retail stores from 1CM Inc. for CAD 32.2 million in cash. The stores operate under the Cost Cannabis and T Cannabis banners ...
Dutch Cannabis Growers Support Expansion of State-Regulated Sales Experiment
LOS ANGELES- The Netherlands has initiated an expansion of its state-regulated cannabis sales experiment, involving approximately 80 coffeeshops across 10 municipalities, including cities such as Breda, Arnhem, and Maastricht. This initiative permits these establishments to ...
Legalization Significantly Reduces Canada’s Illicit Cannabis Market
LOS ANGELES- Recent analyses indicate that Canada's legalization of non-medical cannabis in 2018 has substantially shifted consumer spending from illicit to legal markets. Studies report that within five years of legalization, approximately 75% of cannabis ...
New York Cannabis Policy Faces Criticism Amid Regulatory Challenges
LOS ANGELES- Boris Jordan, CEO of Curaleaf Holdings Inc., a multi-state cannabis operator, has publicly criticized New York Governor Kathy Hochul and state cannabis regulators, alleging that current policies are detrimental to established medical cannabis ...
Cybin Secures Additional U.S. Patent for CYB003
LOS ANGELES- Cybin Inc. a biopharmaceutical company, announced the granting of U.S. patent 12,291,499 by the United States Patent and Trademark Office. This patent pertains to pharmaceutical compositions and oral dosage forms within the company's ...
Maine Regulators Reject Plan to Report High Electricity Usage to Law Enforcement
LOS ANGELES- Maine's Public Utilities Commission has rejected a proposal that would have allowed electric utilities to report high electricity usage to law enforcement as a possible indicator of illegal cannabis cultivation. The measure, proposed ...
California Seizes Over $120 Million in Illegal Cannabis Since January
LOS ANGELES- The Governor’s Unified Cannabis Enforcement Task Force (UCETF) announced this month that it has seized over $120 million worth of illegal cannabis since the beginning of 2024. The task force’s operations also led ...
Industrial Hemp Market Forecasted to Grow by $13.90 Billion by 2028
LOS ANGELES- The industrial hemp market is projected to grow by USD 13.90 billion between 2023 and 2028, with a compound annual growth rate (CAGR) of 25.25%. The expansion is largely driven by increasing demand ...
SNDL to Acquire Remaining Nova Cannabis Shares for $40 Million
LOS ANGELES- SNDL Inc. has announced plans to acquire the remaining 34.8% of Nova Cannabis Inc. shares that it does not already own in a deal valued at approximately C$40 million. The transaction will consolidate ...
Verano Acquires Cannabist Company’s Operations in Arizona and Virginia for $105 Million
LOS ANGELES- Verano Holdings Corp., a major multi-state cannabis operator, has announced agreements to acquire the Arizona and Virginia operations of The Cannabist Company Holdings Inc. The $105 million deal positions Verano to enter the ...
Ohio Dispensaries Generate $11.5 Million in First Week of Adult-Use Cannabis Sales
LOS ANGELES- Ohio’s newly launched adult-use cannabis market saw a strong start, generating over $11.5 million in sales during its first five days, according to data from the Ohio Division of Cannabis Control (DCC). The ...
MindMed Reports Q2 2024 Financials, Advances Clinical Programs
LOS ANGELES- Mind Medicine (MindMed) Inc. a clinical biopharmaceutical company focusing on treatments for brain health disorders, released its financial results for the quarter ending June 30, 2024. The company also provided updates on its ...
Rubicon Organics Reports Q2 2024 Financial Results
LOS ANGELES- Rubicon Organics Inc. a licensed producer specializing in organic and premium cannabis, released its financial results for the second quarter ending June 30, 2024. The company reported record net revenue of CAD 12.1 ...
Filament Health Reports Q2 2024 Results
LOS ANGELES- Filament Health Corp, a clinical psychedelic drug development company, has released its financial results for the second quarter ending June 30, 2024. The company highlighted its progress in advancing drug candidates targeting substance ...
Dispensary vs. Experience: Retail Models Disrupting the Cannabis Consumer Journey
LOS ANGELES — Cannabis retail is undergoing a significant transformation, moving beyond traditional dispensary models to offer more immersive and meaningful customer experiences, represented in the rising introduction of consumption lounges. Companies like NorCal's Urbana ...
North Dakota Voters to Decide on Cannabis Legalization for Third Time
LOS ANGELES- North Dakota voters will have another opportunity to legalize adult-use cannabis this November after Secretary of State Michael Howe announced on August 12 that the necessary signatures had been validated for the measure ...
Tilray Expands U.S. Presence with Acquisition of Four Molson Coors Craft Breweries
LOS ANGELES- Tilray Brands has announced the acquisition of four craft breweries from Molson Coors, marking a significant expansion of its U.S. operations. The financial details of the deal were not disclosed. The acquired breweries ...
Optimi Health and Psyence Biomedical Sign LOI for Psilocybin Supply Agreement
LOS ANGELES- Optimi Health, a GMP-approved and Health Canada-licensed psychedelics pharmaceutical manufacturer, has entered into a non-binding Letter of Intent (LOI) with Psyence Biomedical Ltd. . This partnership positions Optimi as the exclusive supplier of ...
Emerald Cup Unites with Local Oakland Dispensary Lounge Urbana for 20th Anniversary Celebrating Legacy and Community
OAKLAND — As the Emerald Cup marks its 20th anniversary this year, the event continues to evolve while staying true to its roots. Often hailed as the "Academy Awards of Cannabis," the Emerald Cup is ...
Silo Pharma Collaborates with WuXi AppTec for Preclinical MS Research
Silo Pharma Inc. a biopharmaceutical company, has entered into a collaboration with WuXi AppTec to conduct preclinical research on a novel peptide, SPU-16, aimed at treating multiple sclerosis (MS). This partnership focuses on assessing the ...
