M4MM
Week In Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES - Critical compliance issues, market exits, and clinical and regulatory breakthroughs shaped a turbulent week for cannabis and psychedelics businesses. Cannabis Industry Highlights 1.Cresco Labs Exits California, Refocuses on Profitability Cresco Labs confirmed ...
Glass House Brands Tightens Up Compliance After ICE Raids Shake Operations
LOS ANGELES – Glass House Brands Inc. has swiftly moved to strengthen its compliance protocols following federal immigration raids on two of its California farms on July 10. Conducted by U.S. Immigration and Customs Enforcement ...
Canada’s Cannabis Industry Defies Economic Odds
TORONTO – In a striking contrast to Canada’s faltering economy, the legal Cannabis industry continues to flourish, bolstering the nation’s GDP while other sectors struggle. Statistics Canada reports that the licensed cannabis sector grew by ...
Texas Broadens Medical Cannabis Access Amid THC Policy Shift
LOS ANGELES- Texas has enacted House Bill 46, expanding its Compassionate Use Program for medical cannabis. The law, effective September 1, adds qualifying conditions such as chronic pain, Crohn’s disease and traumatic brain injury. It raises the per‑dose ...
Cronos Expands Medical Cannabis Presence in Switzerland
LOS ANGELES- Cronos Group Inc. has entered the Swiss medical cannabis market through a partnership with Dascoli Pharma AG, a Zurich-based pharmaceutical distributor. The deal enables Dascoli to supply five varieties of the company's PEACE NATURALS branded ...
Nebraska Reverses Access to Botanical Cannabis Under Emergency Regulations
LOS ANGELES- Nebraska Governor Jim Pillen approved emergency rules on June 29, establishing a medical cannabis licensing framework effective immediately for up to 90 days. The regulations respond to Measure 438, approved by voters in November 2024, ...
Analysis: A Tale of Two Markets: U.S. Cannabis at a Crossroads as Global Momentum Builds — and Backtracks
LOS ANGELES-The U.S. cannabis industry stands divided. Some state markets are opening and expanding, while others are contracting under the weight of high taxes, regulatory friction, and unrelenting illicit competition. But across all markets, uncertainty ...
Week In Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES - Critical compliance issues, market exits, and clinical and regulatory breakthroughs shaped a turbulent week for cannabis and psychedelics businesses. Cannabis Industry Highlights 1.Cresco Labs Exits California, Refocuses on Profitability Cresco Labs confirmed ...
Glass House Brands Tightens Up Compliance After ICE Raids Shake Operations
LOS ANGELES – Glass House Brands Inc. has swiftly moved to strengthen its compliance protocols following federal immigration raids on two of its California farms on July 10. Conducted by U.S. Immigration and Customs Enforcement ...
Canada’s Cannabis Industry Defies Economic Odds
TORONTO – In a striking contrast to Canada’s faltering economy, the legal Cannabis industry continues to flourish, bolstering the nation’s GDP while other sectors struggle. Statistics Canada reports that the licensed cannabis sector grew by ...
Daniela Williams Leading Paylient to New Heights in the Cannabis HR Space
LOS ANGELES – Paylient HR Solutions, a Professional Employer Organization (PEO) tailored for the cannabis industry, proudly announces the appointment of Daniela Williams as their Chief Growth Officer (CGO). This strategic move signifies Paylient's commitment ...
Poland’s Medical Cannabis Sector Sees Rapid Growth Amid Decriminalization Debate
LOS ANGELES- The landscape of medical cannabis in Poland has experienced significant transformations in recent years. Surveys indicate strong public support for decriminalization, and the number of medical cannabis prescriptions has surged dramatically. However, challenges ...
Massachusetts Approves Historic Maritime Cannabis Transport
NEW YORK- The Massachusetts Cannabis Control Commission (CCC) has made a groundbreaking decision by permitting the first-ever maritime transport of state-legal cannabis between the mainland and the islands of Martha’s Vineyard and Nantucket. This historic ...
NCAA Removes Cannabis from Banned Substance List for Championships
NEW YORK- The NCAA Division I Council made a significant policy shift on Tuesday, voting to remove cannabinoids from the banned substance list for championships and postseason football participation, effective immediately. This decision marks a ...
Minnesota Receives Over 700 Social Equity Cannabis License Applications in 24 Hours
LOS ANGELES- Officials from the Minnesota Office of Cannabis Management reported receiving more than 700 applications for social equity licenses within the first 24 hours of the application window opening. This surge in applications underscores ...
Cybin Inc. Reports Financial Results and Prepares for Phase 3 Study of Lead Drug CYB003
LOS ANGELES- Cybin Inc. announced its audited financial results for the fiscal year ending March 31, 2024. The company, which currently has no revenue, reported cash holdings of C$209 million at the end of the ...
New Hampshire Residents Support Cannabis Legalization Despite Legislative Setback
LOS ANGELES- A recent poll by the University of New Hampshire Granite State Poll reveals that 65% of New Hampshire residents support legalizing cannabis for adult use, reflecting strong public backing. This contrasts sharply with ...
Brazil’s Supreme Court Decriminalizes Cannabis Possession for Personal Use
LOS ANGELES- Brazil's Supreme Court has voted to decriminalize the possession of cannabis for personal use, marking a significant change in the country's drug policy. This decision, reached after deliberations that began in 2015, reflects ...
Organigram Invests €14 Million in German Cannabis Firm Sanity Group
LOS ANGELES- Organigram Holdings Inc. has invested €14 million (~C$21 million) in Sanity Group, a German cannabis company. The investment comprises an €11.5 million unsecured convertible note and a €2.5 million equity stake, positioning Organigram ...
Ohio Approves First Provisional Dual Licenses, Paving the Way for Dispensary Rollout
COLUMBUS, Ohio — As Ohio inches closer to opening its doors to recreational cannabis sales, the state has taken a significant step forward by issuing the first provisional dual licenses to medical marijuana dispensaries. This ...
U.S. Cannabis Reforms Lead to 2.5 Million Pardons or Expungements
LOS ANGELES- Recent cannabis policy reforms in the United States have resulted in approximately 2.5 million pardons or expungements for cannabis-related convictions, according to a tally by the National Organization for the Reform of Marijuana ...
Arizona Governor Signs Bill Allowing MDMA Therapy for First Responders with PTSD
LOS ANGELES- Arizona Governor Katie Hobbs has signed a bill into law that enables firefighters and peace officers with post-traumatic stress disorder (PTSD) to receive workers' compensation coverage for MDMA therapy, contingent upon federal legalization. ...
Dutch Government Extends Cannabis Regulation Trial to Eight Additional Cities
LOS ANGELES- The Dutch government's ongoing trial to regulate the adult-use cannabis industry has been expanded to include eight more cities, bringing the total number involved to ten. Initially launched in Breda and Tilburg in ...
The True Cost of Cheap Nutrients: Why Premium Products Matter in Cannabis Cultivation
LOS ANGELES — In the competitive world of cannabis cultivation, maximizing yield per plant is paramount. However, the choice of nutrients remains a divisive issue, with many growers opting for cheaper options, mistakenly believing they ...
Ohio Approves Initial Dispensary Applications for Recreational Cannabis Market
LOS ANGELES- The Ohio Division of Cannabis Control (DCC) has approved applications for 20 dispensaries, marking the initial step toward commencing recreational cannabis sales in the state. The DCC has received a total of 235 ...
