M4MM
Vireo Growth Acquires Eaze, Expands into California and Florida
MINNEAPOLIS – Vireo Growth Inc. announced a definitive agreement to acquire Eaze Inc. in a stock-based transaction valued at $47 million upfront, marking the company's first push into the competitive California and Florida markets. The ...
Massachusetts Cannabis Rollback Gains Legislative Traction
BOSTON – State election officials have validated more than 78,000 signatures for a measure that would dismantle the commercial side of Massachusetts' recreational Cannabis industry, thrusting the issue back into legislative hands just as the ...
U.S. Cannabis Operators Trail Canadian Counterparts in Valuation Metrics, Tied to Tax Constraints
LOS ANGELES – In the ongoing tug-of-war between regulatory challenges and market potential in the Cannabis sector, a fresh analysis underscores how a longstanding IRS provision continues to weigh on American companies. According to Viridian ...
New Jersey Assembly Panel Clears Path for Psilocybin Therapy Program
TRENTON – New Jersey lawmakers advanced a bill that would allow supervised access to psilocybin for adults facing certain health challenges, establishing a regulated psilocybin therapy framework approved by the Assembly Health Committee. Assemblymember Anthony ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – Operators and investors in Cannabis and Psychedelics faced a week of sharp contrasts. Federal action ended the longest government shutdown on record, yet it delivered a body blow to hemp-derived products that ...
Europe Advances Psychedelic Medicine with Targeted Approvals in Three Nations
BERLIN – Switzerland's long-standing framework for psychedelic treatments has set a course for its neighbors, as Germany and the Czech Republic roll out their own programs to address stubborn mental health conditions. These steps mark ...
Tilray Updated Investor Presentation Detailing Diversification Strategy
NEW YORK – Tilray Brands Inc. laid out its broadened ambitions in a new Investor Presentation. The document maps a course for the company to solidify its place as a consumer goods player, blending Cannabis ...
Vireo Growth Acquires Eaze, Expands into California and Florida
MINNEAPOLIS – Vireo Growth Inc. announced a definitive agreement to acquire Eaze Inc. in a stock-based transaction valued at $47 million upfront, marking the company's first push into the competitive California and Florida markets. The ...
Massachusetts Cannabis Rollback Gains Legislative Traction
BOSTON – State election officials have validated more than 78,000 signatures for a measure that would dismantle the commercial side of Massachusetts' recreational Cannabis industry, thrusting the issue back into legislative hands just as the ...
U.S. Cannabis Operators Trail Canadian Counterparts in Valuation Metrics, Tied to Tax Constraints
LOS ANGELES – In the ongoing tug-of-war between regulatory challenges and market potential in the Cannabis sector, a fresh analysis underscores how a longstanding IRS provision continues to weigh on American companies. According to Viridian ...
Innovative Cannabis-Derived Compound Offers Pain Relief Without Psychoactive Effects
LOS ANGELES- Researchers at Washington University School of Medicine in St. Louis and Stanford University have developed a novel compound that replicates the pain-relieving properties of cannabis without inducing psychoactive side effects or addiction. ...
Minnesota Extends Cannabis Business Application Deadline Following System Outage
LOS ANGELES- The Minnesota Office of Cannabis Management (OCM) has extended the deadline for cannabis business license applications after its online application system experienced an unexpected shutdown. System Outage Details On Friday, March 14, ...
Cannabis and Psychedelic Mushroom Kiosk at Brookfield Square Mall Draws Mixed Reactions
LOS ANGELES- A kiosk at Brookfield Square Mall in Brookfield, Wisconsin, operated by Waukesha-based Ethereal Gold Dispensary, has garnered attention for selling cannabis and psychedelic mushroom products. The presence of this kiosk has sparked a ...
South Africa’s Department of Health Enacts Ban on Cannabis and Hemp Food Products
LOS ANGELES- The South African Department of Health has implemented new regulations prohibiting the production, sale, and importation of foodstuffs containing components derived from the Cannabis sativa L. plant, including hemp, hemp seed oil, and ...
Cresco Labs Reports: Financial Results for Q4 and Full Year ending December 31, 2024
LOS ANGELES- Cresco Labs Inc., a cannabis company, has announced its financial results for the fourth quarter and full year ending December 31, 2024. The company reported an operating cash flow of $132 million for ...
Vermont Senators Propose Expansion of Psychedelic Therapy Advisory Group
LOS ANGELES- A group of Vermont state senators has introduced Senate Bill 106 (S.106), aiming to extend and expand the scope of the existing Psychedelic Therapy Advisory Working Group. The bill proposes to continue the ...
Idaho Lawmakers Push to Restrict Citizen-Led Ballot Initiatives on Cannabis and Drug Reform
BOISE - Idaho lawmakers have taken a significant step toward restricting citizen-led ballot initiatives related to cannabis and other drug reforms. The Idaho Senate recently passed a House-approved bill that would put a constitutional amendment ...
Glass House Brands Schedules Conference Call to Discuss 2024 Financial Results
LOS ANGELES- Glass House Brands Inc., a vertically integrated cannabis company, has announced plans to release its financial results for the fourth quarter and full year ending December 31, 2024. The company will host a ...
New Mexico Senate Committee Advances Medical Psilocybin Legislation
LOS ANGELES- The New Mexico Senate Judiciary Committee has approved Senate Bill 219, known as the Medical Psilocybin Act, which proposes the establishment of a regulated program for the therapeutic use of psilocybin. This approval ...
Idaho Legislature Advances Constitutional Amendment on Cannabis Legalization
LOS ANGELES- The Idaho Senate has approved a proposed amendment to the state constitution that would grant the legislature exclusive authority over the legalization of cannabis and other substances. This measure, known as House Joint ...
Analysis: Cannabis Capital on the Rise: A Resilient Industry Continues To Grow
NEW YORK–Despite persistent regulatory frustrations, wholesale price compression, slowing growth, and historically low stock prices, the cannabis capital markets are showing unexpected strength. According to Viridian Capital Advisors, global cannabis capital raises surged to $2.3 ...
California Seizes $534 Million in Illegal Cannabis in 2024
LOS ANGELES- In 2024, California enforcement officials seized illegal cannabis valued at approximately $534 million, underscoring the state's commitment to regulating its cannabis industry. Enforcement Actions and Seizures The Unified Cannabis Enforcement Task Force ...
Blueberries Medical Corp. Announces C$1 Million Non-Brokered Private Placement
LOS ANGELES- Blueberries Medical Corp., a Latin American licensed producer of medicinal cannabis and cannabis-derived products, has announced a non-brokered private placement to raise approximately C$1.05 million (approximately US$740,000). Offering Details Common Shares Issued: ...
TerrAscend Reports Fourth Quarter and Full Year 2024 Financial Results
LOS ANGELES- TerrAscend Corp., a cannabis company, has announced its financial results for the fourth quarter and full year ending December 31, 2024. Fourth Quarter 2024 Highlights Net Revenue: $74.4 million, a 0.3% increase from ...
San Diego Evaluates Cannabis Business Tax Increase
LOS ANGELES- The San Diego City Council is considering a proposal to raise the tax rate on cannabis businesses from 8% to 10%, aiming to address a projected $258 million budget deficit for the upcoming ...
