M4MM
Definium Doses First Patient in Second Phase 3 LSD-Based Trial
NEW YORK – Definium Therapeutics Inc. has taken another step forward in its late-stage testing of a psychedelic-derived treatment for major depressive disorder. The company announced that the first participant received a dose in the ...
Glass House Brands Reports Q1 2026 Financial Results
LONG BEACH – Glass House Brands Inc. released its first-quarter earnings for 2026, showing revenue slightly ahead of internal expectations but down from the year-ago period, with profitability pressured by higher costs and soft wholesale ...
Planet 13 Reports Q1 2026 Financial Results
LAS VEGAS – Planet 13 Holdings Inc. released its first-quarter 2026 financials, reflecting the effects of substantial operational changes and declines in top-line figures, yet showcasing margin gains and cost controls as indications of progress ...
Vireo Growth Completes Acquisition of Hawthorne Gardening Company
MINNEAPOLIS – Vireo Growth Inc. announced it has closed acquisition of The Hawthorne Gardening Company from The Scotts Miracle-Gro Company, marking the completion of a deal first outlined in a nonbinding memorandum of understanding in ...
Cannabis Sales Climb as Alcohol Purchases Slip, Statistics Canada Reports
OTTAWA – New federal data from Statistics Canada reveal that recreational Cannabis sales in Canada rose while alcohol declined in the fiscal year, ending March 31, 2025. Parallel trends appear in U.S. frequency-of-use surveys, where ...
Sensi Seeds and Death Row Records Partner to Release Exclusive Strains in U.S.
AMSTERDAM – Sensi Seeds, the Dutch seed bank founded in 1985, has brought its collaboration with Death Row Records to American home cultivators. The move makes selected Cannabis strains available in the United States for ...
Ascend Wellness Partners with NuProject to Introduce ROOTS
NEW YORK – Ascend Wellness Holdings announced it had teamed up with the non-profit NuProject to launch a six-month business readiness program called ROOTS (Readying Opportunities for Operational & Trade Sustainability). The initiative targets licensed ...
Definium Doses First Patient in Second Phase 3 LSD-Based Trial
NEW YORK – Definium Therapeutics Inc. has taken another step forward in its late-stage testing of a psychedelic-derived treatment for major depressive disorder. The company announced that the first participant received a dose in the ...
Glass House Brands Reports Q1 2026 Financial Results
LONG BEACH – Glass House Brands Inc. released its first-quarter earnings for 2026, showing revenue slightly ahead of internal expectations but down from the year-ago period, with profitability pressured by higher costs and soft wholesale ...
Planet 13 Reports Q1 2026 Financial Results
LAS VEGAS – Planet 13 Holdings Inc. released its first-quarter 2026 financials, reflecting the effects of substantial operational changes and declines in top-line figures, yet showcasing margin gains and cost controls as indications of progress ...
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 ...
Blueberries Medical Corp. Secures C$1.05 Million in Private Placemen
LOS ANGELES- Blueberries Medical Corp, a Latin American producer of medicinal cannabis and cannabis-derived products, has announced a non-brokered private placement, raising approximately C$1.05 million (US$740,000). The financing involved the sale of 96,064,935 common shares ...
Virginia Governor Vetoes Cannabis Retail Market and Assault-Style Weapons Ban
LOS ANGELES- Virginia Governor Glenn Youngkin has vetoed legislation aimed at establishing a regulated cannabis retail market and implementing a ban on assault-style weapons. These decisions are part of a series of 157 vetoes issued ...
