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Verano Secures $75M Credit Agreement
CHICAGO – Verano Holdings Corp. has finalized a $75 million revolving credit facility, drawing $50 million immediately to pay down higher-cost debt and leaving $25 million on tap for future needs. The deal, arranged by ...
EU Releases Cannapol Toolkit to Aid Member States in Crafting Adult-Use Cannabis Rules
BRUSSELS – The European Union Drugs Agency (EUDA) unveiled the Cannapol toolkit, a set of resources intended to help national governments build regulated markets for recreational Cannabis. Developed over months of consultation with experts and ...
Trump’s CBD Endorsement for Medicare Sparks Rally in Cannabis Equities
LOS ANGELES – Shares in Cannabis companies climbed more than 20% on Monday, propelled by President Donald Trump's weekend social media post backing the inclusion of cannabidiol in Medicare coverage for older Americans. The AdvisorShares ...
Colombian President Pushing Congress for Swift Action on Full Cannabis Legalization
BOGOTÁ – Colombia's House of Representatives First Committee has passed a bill to legalize adult-use Cannabis, marking an early win for reformers in a country long at the center of global drug policy debates. Sponsored ...
Missouri Activists Gird Up for 2026 Ballot Measure to Unify Hemp and Cannabis Regulations
LOS ANGELES – Missouri Cannabis advocates, led by hemp business owners, plan to submit a ballot initiative in the coming days that would combine regulations for hemp and Cannabis products under a single framework for ...
Australian Cannabis Prices Drop to New Lows, Pressuring Domestic Producers
MELBOURNE – Medicinal Cannabis flower prices in Australia have fallen to a minimum of $3.30 per gram at the patient level, a development that has intensified debates over the viability of the country's homegrown industry. ...
Google Launches Limited Test of Cannabis Advertising on Its Search Platform in Canada
TORONTO – Google has started a restricted trial allowing select Canadian Cannabis companies to place ads on its search engine, marking a cautious step toward easing long-standing prohibitions on such promotions. The initiative, which went ...
Verano Secures $75M Credit Agreement
CHICAGO – Verano Holdings Corp. has finalized a $75 million revolving credit facility, drawing $50 million immediately to pay down higher-cost debt and leaving $25 million on tap for future needs. The deal, arranged by ...
EU Releases Cannapol Toolkit to Aid Member States in Crafting Adult-Use Cannabis Rules
BRUSSELS – The European Union Drugs Agency (EUDA) unveiled the Cannapol toolkit, a set of resources intended to help national governments build regulated markets for recreational Cannabis. Developed over months of consultation with experts and ...
Trump’s CBD Endorsement for Medicare Sparks Rally in Cannabis Equities
LOS ANGELES – Shares in Cannabis companies climbed more than 20% on Monday, propelled by President Donald Trump's weekend social media post backing the inclusion of cannabidiol in Medicare coverage for older Americans. The AdvisorShares ...
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 ...
California Legalizes Cannabis Lounges: A Win for the Cannabis Industry and Leaders like Urbana
LOS ANGELES — In a landmark decision for California’s cannabis industry, Governor Gavin Newsom has officially signed AB 1775 into law, allowing the creation of cannabis consumption lounges throughout the state. This move is set ...
FBI Data: Over 200,000 Arrests for Cannabis Possession in 2023
LOS ANGELES- Despite growing momentum for cannabis legalization in the U.S., over 200,000 people were arrested for cannabis possession in 2023, according to new data from the FBI’s Uniform Crime Reporting system. The report, which ...
Harris’s Comments Over Cannabis Reform in the 2024 Presidential Race
LOS ANGELES- Harris's comments come amid a broader debate over cannabis reform in the 2024 presidential race. While Democratic vice-presidential nominee Tim Walz has suggested that cannabis legalization should be handled by individual states, Harris's ...
Los Angeles County Targets Unlicensed Cannabis Dispensaries with “Deplatforming” Motion
LOS ANGELES- Los Angeles County has approved a new initiative aimed at reducing the visibility of unlicensed cannabis dispensaries on major online platforms such as Google and Yelp. The motion, introduced by Supervisor Lindsey Horvath ...
California Bans Hemp-Derived THC Products Amid Regulatory Concerns
LOS ANGELES- California has implemented a ban on hemp-derived THC products following the approval of emergency regulations proposed by Governor Gavin Newsom. Effective September 23, 2024, the new rules prohibit any hemp-based products containing detectable ...
New Bill Seeks to Regulate Hemp-Derived Cannabinoid Market
LOS ANGELES- Senator Ron Wyden (D-OR) has introduced the Cannabinoid Safety and Regulation Act, a bill aimed at establishing a federal regulatory framework for hemp-derived cannabinoids. The proposed legislation would empower the Food and Drug ...
Psyence Biomed to Acquire Stake in PsyLabs for $1.1 Million
LOS ANGELES- Psyence Biomedical Ltd. announced its agreement to acquire an 11.13% stake in PsyLabs, a company specializing in psychedelic active pharmaceutical ingredients (APIs) and extracts, in exchange for $1.1 million worth of common stock. ...
Weedmaps’ WM Technology Faces SEC Scrutiny Over Misleading Investor Reports
NEW YORK–WM Technology, Inc. (Nasdaq: MAPS), best known for its cannabis-focused platform, Weedmaps, has found itself at the center of an SEC investigation over misleading user metrics. The California-based company recently agreed to pay a ...
Colorado’s Cannabis Market Faces Decline Amid National Expansion
LOS ANGELES- Colorado, once a leader in the legal cannabis market, is now grappling with declining sales and tax revenues. A report from the state's Legislative Council Staff attributes this downturn to market saturation, oversupply, ...
California’s New Hemp Regulations Raise Concerns for Industry and Consumers
LOS ANGELES- Governor Gavin Newsom has enacted emergency regulations in California, significantly impacting the hemp industry by banning hemp-derived THC products. This move, approved by the Office of Administrative Law and effective as of September ...
Allegations of Predatory Contracts Surface in Missouri’s Social Equity Cannabis Program
LOS ANGELES- Missouri’s social equity cannabis licensing program faces scrutiny amid allegations of predatory investor contracts. Designed to benefit disadvantaged individuals, the program has seen reports of investors using deceptive agreements to gain control of ...
Florida’s Amendment 3 Sets Record for Cannabis Legislation Funding
LOS ANGELES- Amendment 3, a measure to legalize recreational cannabis for adults 21 and over, is on Florida's ballot this November. The campaign, led by Smart & Safe Florida, has become the most expensive cannabis ...
Ontario Leads Canadian Cannabis Sales
LOS ANGELES- Canada's legal cannabis market continues to show strong performance, with sales exceeding $2.4 billion in the first half of 2024, according to data from Statistics Canada. The provinces driving these numbers were Ontario, ...
Georgia Pharmacy Defies Federal Ban, Sells Low-THC Cannabis Products
LOS ANGELES- A licensed pharmacy in Augusta, Georgia, has begun selling low-THC cannabis products, directly challenging federal regulations enforced by the U.S. Drug Enforcement Administration (DEA). Living Well Pharmacy, owned by Vic Johnson, is one ...
