M4MM
Glass House Brands Reports Q2 2025 Financial Results
LONG BEACH and TORONTO – Glass House Brands Inc., a leading vertically integrated Cannabis operator in the US, unveiled its second-quarter 2025 financial statements, showing impressive growth in key areas despite ongoing market pressures and ...
Psychedelics Market Set to Reach $22.6 Billion by 2033, Report Finds
NEW YORK – A recent report by Research and Markets reveals the current global psychedelic drugs market is valued at $7.4 billion and is projected to hit $22.6 billion by 2033, exhibiting a substantial compound ...
High Tide Enters German Medical Cannabis Market with Remexian Majority Stake Acquisition
CALGARY – High Tide Inc., a leading Canadian Cannabis retailer, announced its strategic entry into Germany’s medical Cannabis market through a 51% acquisition of Remexian Pharma GmbH, a Frankfurt-based pharmaceutical wholesaler. The deal, valued at ...
Cannabis Earnings Outlook Dims as Q2 2025 Looms, Latest Analysis
LOS ANGELES – As the Cannabis industry braces for Q2 2025 earnings releases in early August, a sobering picture emerges from Viridian Capital Advisors’ Chart of the Week. Ten of twelve tracked companies are projected ...
Cash, Crime, and Cannabis: Attorneys General Push Congress on SAFER Banking Act
WASHINGTON, D.C.–In a rare show of bipartisan unity, attorneys general from 32 states and U.S. territories issued a pointed appeal to Congress on Thursday: pass the SAFER Banking Act of 2025 — and finally bring ...
Cresco Labs Exits California Cannabis Market in Bold Strategic Pivot
LOS ANGELES – Cresco Labs Inc. (OTCQX: CRLBF), a multistate cannabis operator, announced its withdrawal from California, the world’s largest cannabis market. This move aligns with the company's broader strategic restructuring aimed at stabilizing its ...
Arkansas Activists Blaze Trail for Psychedelic Reform
BENTONVILLE – In the heart of Northwest Arkansas, a group of dedicated activists is pushing to reshape the legal landscape for psychedelics. Decriminalize Nature NW Arkansas, founded in 2023, is leading the charge to decriminalize ...
Glass House Brands Reports Q2 2025 Financial Results
LONG BEACH and TORONTO – Glass House Brands Inc., a leading vertically integrated Cannabis operator in the US, unveiled its second-quarter 2025 financial statements, showing impressive growth in key areas despite ongoing market pressures and ...
Psychedelics Market Set to Reach $22.6 Billion by 2033, Report Finds
NEW YORK – A recent report by Research and Markets reveals the current global psychedelic drugs market is valued at $7.4 billion and is projected to hit $22.6 billion by 2033, exhibiting a substantial compound ...
High Tide Enters German Medical Cannabis Market with Remexian Majority Stake Acquisition
CALGARY – High Tide Inc., a leading Canadian Cannabis retailer, announced its strategic entry into Germany’s medical Cannabis market through a 51% acquisition of Remexian Pharma GmbH, a Frankfurt-based pharmaceutical wholesaler. The deal, valued at ...
Delaware Receives Over 1,200 Cannabis Business License Applications Ahead of Market Launch
LOS ANGELES- Delaware officials have received 1,269 applications for cannabis business licenses, significantly surpassing expectations, as the state prepares to launch its adult-use cannabis market. The Office of the Marijuana Commissioner (OMC) opened the application ...
Missouri Health Department Requests $877K to Enforce Hemp Product Ban
LOS ANGELES- The Missouri Department of Health and Senior Services (DHSS) has requested $877,000 to fund the enforcement of Gov. Mike Parson’s ban on intoxicating hemp products. The request is part of a preliminary budget ...
Opinion: The Spectacular Fall From Grace of California Cannabis
LOS ANGELES-California cannabis’ fall from grace has been nothing short of spectacular. High taxes and fees, local bans, contaminated products making it to market, and misdemeanor penalties for commercial-scale unlicensed grows have hurt the regulated ...
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 ...
