M4MM
New Jersey Clears Path for $6M Psilocybin Pilot
TRENTON – The New Jersey Legislature gave final approval last week to a measure that sets up a state-backed pilot program for psilocybin therapy, allocating $6 million to explore the compound's role in treating mental ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – Operators entered 2026 riding a wave of solid year-end performance and calculated moves to shore up operations. December sales figures underscored consumer demand that shows no signs of fading, while MSOs refined ...
Cannabis-Infused Drinks Show Promise in Curbing Alcohol Use, New Research Finds
LOS ANGELES – A fresh analysis from researchers at the University at Buffalo suggests that adults turning to Cannabis-infused beverages often scale back their alcohol habits, including sharp drops in binge drinking. The findings, drawn ...
Stiiizy Expands California Retail Network Buying 12 Gold Flora Outlets
LOS ANGELES – Stiiizy, the dominant player in California's Cannabis retail, has taken control of 12 former Gold Flora dispensaries in a $25 million court-approved transaction, marking a key step in the state's ongoing industry ...
Cronos Targets Europe Through Dutch Cannabis Leader Acquisition
TORONTO – Cronos Group Inc. has agreed to buy CanAdelaar B.V., the top supplier in the Netherlands' controlled adult-use Cannabis program, for $67 million upfront plus performance incentives. The move marks Cronos's first major step ...
Craft Cannabis Market Projects Steady Climb to $12.3B by 2031
LOS ANGELES – Small-scale producers in the Cannabis industry are gaining ground as buyers turn toward premium, handcrafted options, with the craft segment expected to double in value over the next five years. A report ...
FDA Signals Shift to Single Phase 3 Trials for Drug Approvals, Opening Door for Faster Psychedelic Therapies
LOS ANGELES – The Food and Drug Administration is preparing to overhaul its evidence requirements for new drug approvals, making a single well-designed Phase 3 trial the standard rather than the exception. This adjustment, outlined ...
New Jersey Clears Path for $6M Psilocybin Pilot
TRENTON – The New Jersey Legislature gave final approval last week to a measure that sets up a state-backed pilot program for psilocybin therapy, allocating $6 million to explore the compound's role in treating mental ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – Operators entered 2026 riding a wave of solid year-end performance and calculated moves to shore up operations. December sales figures underscored consumer demand that shows no signs of fading, while MSOs refined ...
Cannabis-Infused Drinks Show Promise in Curbing Alcohol Use, New Research Finds
LOS ANGELES – A fresh analysis from researchers at the University at Buffalo suggests that adults turning to Cannabis-infused beverages often scale back their alcohol habits, including sharp drops in binge drinking. The findings, drawn ...
Bright Green Corporation Completes Restructuring, Exits Cannabis Sector
LOS ANGELES- Bright Green Corporation has finalized its restructuring plan, marking a strategic shift from the cannabis industry to the production of all U.S. Drug Enforcement Administration (DEA) scheduled controlled substances. This decision includes an ...
Pennsylvania Lawmakers Propose State-Run Dispensaries for Recreational Cannabis Sales
LOS ANGELES- In a move toward legalizing recreational cannabis, Pennsylvania legislators have introduced proposals to establish state-owned dispensaries, mirroring the state's existing model for alcohol sales. State Representatives Dan Frankel and Rick Krajewski advocate for ...
Florida Republican Lawmakers Propose Expansion of Medical Cannabis Access
LOS ANGELES- In recent legislative developments, certain Republican lawmakers in Florida have introduced bills aimed at broadening access to medical cannabis within the state. Notably, these proposals include provisions that would permit qualified medical cannabis ...
Maryland House Committee Advances Bill to Exempt Certain Cannabis Transactions from State Sales Tax
LOS ANGELES- The Maryland House Ways and Means Committee approved House Bill 619, legislation designed to exempt specific cannabis-related transactions from the state's sales and use tax. The bill, introduced on January 23, 2025, seeks ...
Federal Indictment Uncovers Extensive Illegal Cannabis Operation on Navajo Nation
LOS ANGELES- A federal grand jury indicted Dineh Benally, 48; his father, Donald Benally, 74; and business associate Irving Rea Yui Lin, 73, on charges related to an illicit cannabis cultivation enterprise spanning New Mexico ...
Michigan Allocates Nearly $100 Million in Cannabis Tax Revenue to Local Entities
LOS ANGELES- The Michigan Department of Treasury announced the distribution of close to $100 million in cannabis tax revenue to 302 local entities, including cities, villages, townships, counties, and, for the first time, four federally ...
Washington State Senate Committee Advances Cannabis Direct Sales Bill
LOS ANGELES- The Washington State Senate Labor and Commerce Committee held a public hearing on Senate Bill 5403, legislation proposing to allow licensed cannabis producers and processors to sell cannabis flower directly to consumers. The ...
New Hampshire House Approves Limited Cannabis Legalization Bill
LOS ANGELES- The New Hampshire House of Representatives passed House Bill 75, a Republican-sponsored measure that legalizes the personal use and possession of cannabis for adults aged 21 and over. The bill, introduced by Representative ...
Colorado Issues Initial Psilocybin Business Licenses
LOS ANGELES- In January 2025, Colorado began accepting applications for psilocybin-related business licenses, following the approval of regulations by the Department of Regulatory Agencies and the Department of Revenue. These licenses encompass roles such as ...
LEEF Brands to Enter New York’s Expanding Cannabis Market with Acquisition of Tier 1 Processing License
LOS ANGELES- LEEF Brands Inc. California-based cannabis extraction company, has announced the signing of a binding Letter of Intent to acquire a Tier 1 processing license in New York. This strategic move positions LEEF to ...
Jushi Holdings Secures $9.7 Million Through ERC Refund and Debt Financing
LOS ANGELES- Jushi Holdings Inc. a vertically integrated, multi-state cannabis operator, has bolstered its financial position by obtaining approximately $9.7 million through two strategic financial maneuvers. Employee Retention Credit (ERC) Refund Proceeds The company received ...
Greenlane Holdings Completes $25 Million Private Placement to Strengthen Financial Position
LOS ANGELES -Greenlane Holdings, Inc, a seller of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, has successfully closed a $25 million private placement. The offering, priced at $1.19 per Common Unit, was conducted ...
HYTN and A1 Cannabis Forge Partnership to Expand Cannabis Beverage Production
LOS ANGELES- HYTN Innovations Inc., a company specializing in pharmaceutical-grade cannabis manufacturing, has entered into a three-year collaboration with A1 Cannabis Inc., the owner of Summit Cannabis Beverages. This partnership aims to enhance operational efficiency ...
Minnesota Opens Application Window for Cannabis Business Licenses
LOS ANGELES- The Minnesota Office of Cannabis Management (OCM) has commenced accepting applications for various cannabis business licenses as of February 18, 2025. This marks a significant step toward establishing the state's legal cannabis market. ...
Switzerland Advances Plan to Legalize Recreational Cannabis Under Government Regulation
LOS ANGELES- Switzerland is progressing toward the legalization of recreational cannabis through a framework emphasizing strict government oversight. On February 14, 2025, the National Council's Social Security and Public Health Committee (CSSS-N) approved a preliminary ...
