M4MM

New Brunswick Government Bets on Organigram with $2M Grant

MONCTON – Organigram Global Inc. has secured $2 million in provincial funding to support a $9.3 million project aimed at revamping its flagship cultivation site here. The upgrade, which targets lighting systems across 75 grow ...

Jazz Pharmaceuticals: The Medical Cannabis Insider Nearing $1B Milestone

DUBLIN – Jazz Pharmaceuticals reported a 20% jump in Q3 2025 sales for its cannabidiol-based epilepsy drug Epidiolex®, pushing the product's YTD revenue past $772 million and underscoring the company's steady position in the medical ...

Medicare Explores CBD Coverage for Seniors

WASHINGTON – The Centers for Medicare & Medicaid Services (CMS) is set to roll out a pilot program that could extend coverage to cannabidiol (CBD) treatments for certain older Americans, marking a cautious step by ...

Ex-Prosecutor Calls for Psilocybin Therapy Legalization in NY

NEW YORK – A former narcotics prosecutor who once enforced drug laws now argues that New York must open the door to psilocybin-assisted therapy, framing it as a necessary step toward treating chronic pain and ...

Supply Bottlenecks Stall Minnesota’s Adult-Use Cannabis Launch

MINNEAPOLIS – Minnesota's adult-use Cannabis sector kicked off with fanfare, but operators on the ground report bare shelves and mounting bills as wholesale supplies fail to keep pace with licensed retail outlets. The Office of ...

Former Texas Governor Rick Perry Champions Ibogaine Research at Dallas Documentary Films Event

DALLAS – Former Texas Governor Rick Perry called for broader access to ibogaine, a psychedelic compound derived from the African iboga shrub, during a panel discussion following a screening of documentary clips on Thursday night. ...

Poll Finds Broad Voter Support for Legal Hemp with Stricter Safeguards

WASHINGTON – A national survey released this week reveals that a solid majority of American voters back the continued legality of consumable hemp products, provided federal authorities introduce tougher safety and licensing rules aimed at ...

New Brunswick Government Bets on Organigram with $2M Grant

Jazz Pharmaceuticals: The Medical Cannabis Insider Nearing $1B Milestone

Medicare Explores CBD Coverage for Seniors

Breadstack: Is This The Winning Formula for Cannabis eCommerce?

LOS ANGELES—As a founding member of the Cannabis Open Standards Technology Alliance (COSTA), Breadstack has firmly established itself as a trailblazer in cannabis e-commerce. Based in Canada, the company has risen to meet the unique ...

HYTN Innovations Secures UK Import Permits and Initial Order from 4C Labs

LOS ANGELES- HYTN Innovations Inc., a pharmaceutical company specializing in psychoactive and psychotropic compounds, including cannabis and psilocybin, has received initial orders and import permits from the United Kingdom's 4C Labs. This development enables HYTN ...

A LIFE IN A DAY: Riel Roussopoulos: Head of Marketing: Breadstack

Riel Roussopoulos is a Canadian marketer and technologist with extensive experience driving growth in a variety of industries, including e-commerce, entertainment, real estate, fitness, and cannabis. He leverages his expertise in SEO, video production, copywriting, ...

Federal Policy Uncertainty Continues to Challenge U.S. Cannabis Industry

LOS ANGELES- The U.S. cannabis industry remains in a state of flux due to ongoing federal policy uncertainties, impacting market dynamics, investment strategies, and regulatory compliance. In August 2024, the U.S. Drug Enforcement Administration (DEA) ...

New York’s Legal Cannabis Sales Approach $1 Billion Milestone

LOS ANGELES- New York State's legal cannabis market is on track to surpass $1 billion in sales by the end of December 2024, marking a significant achievement since the market's inception two years ago. As ...

Green Thumb Industries Secures $150 Million Credit Facility to Retire Existing Debt

LOS ANGELES- Green Thumb Industries Inc. (GTI), a national cannabis consumer packaged goods company and owner of RISE Dispensaries, has closed a $150 million five-year syndicated credit facility led by Valley National Bank. The company ...

LeafLink Acquires Leaf Trade to Enhance Cannabis Wholesale Platform

LOS ANGELES- LeafLink, a cannabis wholesale platform, has acquired Leaf Trade, a wholesale marketplace serving multi-state operators (MSOs) and enterprise cannabis companies. This strategic move aims to streamline operations for cannabis businesses of varying scales. ...

Canopy Growth Appoints New CEO Amid Financial Challenges

LOS ANGELES- Canopy Growth Corp., a cannabis industry, has announced the appointment of Luc Mongeau as its new Chief Executive Officer, effective January 6. Mongeau succeeds David Klein in this leadership role. With over 25 ...

Nebraska Judge Upholds Voter-Approved Medical Cannabis Initiatives

LOS ANGELES- A Nebraska district court has affirmed the validity of two voter-approved measures concerning medical cannabis, dismissing allegations of fraudulent signature collection. The legal challenge aimed to invalidate Measures 437 and 438, which were ...

Germany’s Cannabis Legislation Faces Criticism

LOS ANGELES- Germany's recent legalization of cannabis has encountered significant criticism from various stakeholders, highlighting challenges in its implementation and effectiveness. Criticism from Berlin's Justice Senator Felor Badenberg, Berlin's Justice Senator, has expressed concerns that ...

Cannara Biotech Reports Record Growth in Fiscal 2024

LOS ANGELES- Montreal-based Cannara Biotech Inc a vertically integrated cannabis producer, announced record-breaking financial results for its fiscal year ended August 31, 2024. The company reported total annual revenues of $82.2 million, a 43% increase ...