M4MM
Trulieve Raises $60M in Senior Secured Notes
TALLAHASSEE – Trulieve Cannabis Corp. announced the completion of the second tranche of its private placement of 10.5% senior secured notes due in 2030, generating $60 million in principal. The closing follows the initial issuance ...
Canix Acquires Trym, Fits into Larger Consolidation Pattern in Cannabis
LOS ANGELES – San Francisco-based Canix, a provider of enterprise resource planning (ERP) software for Cannabis businesses, has acquired Trym, a specialized cultivation management platform. The deal combines Canix's comprehensive ERP system [which handles cultivation ...
Cannabis Cultivation Market Forecast to Reach $465B by 2030
LOS ANGELES – A recent report from Research and Markets projects the global Cannabis cultivation market to reach $464.91 billion by 2030, up from $207.46 billion in 2025, reflecting a compound annual growth rate (CAGR) ...
Republican State AGs Challenge Trump’s Cannabis Rescheduling Directive
LOS ANGELES – A coalition of Republican attorneys general from eight states has publicly rejected President Donald Trump's recent Executive Order to reschedule Cannabis under the Controlled Substances Act, citing persistent risks to public safety ...
Banks Still Hesitant on Expanding Services for Cannabis Businesses Post-Trump Rescheduling Order
LOS ANGELES – President Donald Trump's Executive Order fast-tracked the move to reschedule Cannabis under the Controlled Substances Act, aiming to ease research barriers and tax deductions for state-legal operators. Yet even as this policy ...
Atai Gains Nasdaq Biotechnology Index Spot
NEW YORK – AtaiBeckley N.V., the clinical-stage biopharmaceutical firm born from the November merger of atai Life Sciences and Beckley Psytech, has secured a place in the Nasdaq Biotechnology Index (NBI), a move that underscores ...
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 ...
Trulieve Raises $60M in Senior Secured Notes
TALLAHASSEE – Trulieve Cannabis Corp. announced the completion of the second tranche of its private placement of 10.5% senior secured notes due in 2030, generating $60 million in principal. The closing follows the initial issuance ...
Canix Acquires Trym, Fits into Larger Consolidation Pattern in Cannabis
LOS ANGELES – San Francisco-based Canix, a provider of enterprise resource planning (ERP) software for Cannabis businesses, has acquired Trym, a specialized cultivation management platform. The deal combines Canix's comprehensive ERP system [which handles cultivation ...
Cannabis Cultivation Market Forecast to Reach $465B by 2030
LOS ANGELES – A recent report from Research and Markets projects the global Cannabis cultivation market to reach $464.91 billion by 2030, up from $207.46 billion in 2025, reflecting a compound annual growth rate (CAGR) ...
Mississippi Dispensary Owner Challenges State’s Medical Cannabis Advertising Ban in Supreme Court
LOS ANGELES- In March 2025, Clarence Cocroft, owner of Tru Source Medical Cannabis in Olive Branch, Mississippi, petitioned the United States Supreme Court to review the state's prohibition on advertising for medical cannabis businesses. This ...
IM Cannabis Corp Reports Significant Growth in German Market
LOS ANGELES- IM Cannabis Corp has reported a 25% increase in revenue for the fourth quarter of 2024, reaching €13.3 million, compared to the same period in the previous year. This growth is largely attributed ...
Cannabis Extract Shows Potential in Reducing Neuroinflammation After Spinal Cord Injury
LOS ANGELES- A recent study published in the journal Neuroscience indicates that a cannabis extract containing both tetrahydrocannabinol (THC) and cannabidiol (CBD) may significantly reduce neuroinflammation and improve motor function following spinal cord injury. ...
Brazil’s Cannabis Industry Advances Amid Legal and Research Developments
LOS ANGELES- Brazil is witnessing significant progress in its cannabis industry, marked by legal reforms and dedicated research initiatives. The National Health Surveillance Agency (ANVISA) has authorized the importation, manufacturing, and sale of cannabis-based medicines, ...
The History of Sungrown Cannabis in California
LOS ANGELES - California's connection to cannabis resembles a fabulous legend that blends the state's lush landscapes with the determination of its people. Sungrown cannabis, cultivated under the open sky and fueled by the full ...
Texas Senate Advances Legislation to Ban THC Products
LOS ANGELES- The Texas Senate has approved Senate Bill 3 (SB 3), a measure aimed at prohibiting the sale of products containing tetrahydrocannabinol (THC), the psychoactive component found in cannabis. The bill, authored by Senator ...
U.S. Cannabis Companies Face EBITDA Declines Amid Margin Pressures But Growth Expected in 2026
NEW YORK- As of April 1, 2025, most major publicly traded U.S. cannabis companies have released their financial results for the fourth quarter of 2024. An analysis by Viridian Capital Advisors reveals that eight out ...
Trump Administration Attributes D.C. Disorder to Cannabis Decriminalization
LOS ANGELES- President Donald Trump has signed an executive order titled "Making the District of Columbia Safe and Beautiful," establishing the D.C. Safe and Beautiful Task Force. This initiative aims to address public safety and ...
Florida Appeals Court Reduces Drug-Trafficking Conviction to Possession
LOS ANGELES- A Florida appeals court has overturned a drug-trafficking conviction, reducing it to a possession charge due to the inability to distinguish between illegal cannabis and legal hemp. The Second District Court of Appeal ...
Psilocybin Law Reforms Gain Momentum Across the United States
LOS ANGELES- Efforts to reform psilocybin laws are accelerating nationwide, with several states making significant strides toward decriminalization or legalization of the psychoactive compound found in "magic mushrooms." In Colorado, voters approved Proposition 122 in ...
HYTN Innovations Secures Cannabis Supply Agreements for German Market
LOS ANGELES- HYTN Innovations Inc., a pharmaceutical company specializing in cannabis-derived products, has entered into strategic supply agreements and completed vendor qualifications with two cannabis cultivators, securing a minimum of 4,000 kilograms of cannabis for ...
MediPharm Labs Reports 27% Annual Revenue Growth
LOS ANGELES- MediPharm Labs Corp., a pharmaceutical company specializing in precision-based cannabinoids, has announced a 27% increase in annual net revenue for 2024, reaching $42 million. This growth is primarily attributed to a significant rise ...
New Hampshire Governor Maintains Opposition to Cannabis Legalization
LOS ANGELES- New Hampshire Governor Chris Sununu continues to oppose the legalization of recreational cannabis, even as the state's House of Representatives advances related legislation. In February 2025, the House passed House Bill 360, which ...
Gold Flora Corporation Files for Voluntary Receivership
COSTA MESA, Calif. , March 27, 2025 /CNW/ - Gold Flora Corporation ("Gold Flora" or the "Company") (Cboe Canada: GRAM) (OTCQB: GRAM), a cannabis company with subsidiaries operating across California, today announced that it filed for a voluntary receivership pursuant under ...
Federal Cannabis Trafficking Cases Reach Record Low
LOS ANGELES- The U.S. Sentencing Commission's 2024 Sourcebook of Federal Sentencing Statistics reveals a continued decline in federal cannabis trafficking cases. In 2024, fewer than 500 individuals were charged, marking a significant decrease from nearly ...
