M4MM
Cresco Labs Reports Q1 2026 Financial Results
CHICAGO – Cresco Labs Inc. released its first-quarter results, showcasing the ongoing efforts of one of the largest MSOs to strengthen operations across its footprint while preparing for potential changes at the federal level. With ...
Cronos Group Reports Q1 2026 Financial Results
TORONTO – Cronos Group Inc. posted record net revenue and gross profit for the first quarter of 2026, driven by higher sales volumes, a favorable product mix, and gains in key markets. The Cannabis company ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – The past two weeks brought measurable movement across federal policy, corporate financial reporting, international deals, and product categories in the U.S. Cannabis sector. Operators absorbed details on rescheduling implications, watched hemp-derived THC ...
Missouri Senate Approves Bill to Ban Intoxicating Hemp Products
JEFFERSON CITY – The Missouri Senate approved the legislation, clearing a measure that would bar the sale of most intoxicating hemp-derived products outside the state’s licensed Cannabis dispensaries. House Bill 2641, known as the Intoxicating ...
NECANN Returns to Boston as East Coast Cannabis Expansion Accelerates
NEW YORK- The East Coast Cannabis market continues to mature—and NECANN is positioning itself right at the center of that growth. On April 24–25, the 12th Annual New England Cannabis Convention returns to the Hynes ...
Latino Cannabis Alliance Forms to Unite Nationwide
JERSEY CITY, NJ — The Latino Cannabis Alliance (LCA) today announced its official launch as a national coalition of U.S.-based Latino cannabis advocacy leaders to meet the growing need for organized Latino representation in the ...
Deutsche Bank AG Initiates Coverage of AtaiBeckley
NEW YORK – Deutsche Bank AG has begun formal research coverage of AtaiBeckley Inc., the Nasdaq-listed biopharmaceutical company created from the merger of atai Life Sciences and Beckley Psytech. David Hoang, a senior equity research ...
Cresco Labs Reports Q1 2026 Financial Results
CHICAGO – Cresco Labs Inc. released its first-quarter results, showcasing the ongoing efforts of one of the largest MSOs to strengthen operations across its footprint while preparing for potential changes at the federal level. With ...
Cronos Group Reports Q1 2026 Financial Results
TORONTO – Cronos Group Inc. posted record net revenue and gross profit for the first quarter of 2026, driven by higher sales volumes, a favorable product mix, and gains in key markets. The Cannabis company ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – The past two weeks brought measurable movement across federal policy, corporate financial reporting, international deals, and product categories in the U.S. Cannabis sector. Operators absorbed details on rescheduling implications, watched hemp-derived THC ...
Solvonis Therapeutics to Acquire Awakn Life Sciences in Strategic Biotech Merger
LOS ANGELES- Solvonis Therapeutics PLC, a UK-based biotechnology firm specializing in treatments for mental health and substance use disorders, has entered into an agreement to acquire Awakn Life Sciences Corp., a Toronto-based company developing therapeutics ...
Compass Pathways Projects FY2025 Net Cash Use of $120M-$145M
LOS ANGELES- Compass Pathways plc a mental health care company specializing in psilocybin therapy, has announced an expected net cash utilization of $120 million to $145 million for the fiscal year 2025. As of February ...
Cronos Group Reports $8.7 Million in Operating Expense Savings for FY2024
LOS ANGELES- Cronos Group Inc. has announced operating expense savings of $8.7 million for the fiscal year 2024, aligning with its previously stated target range of $5 million to $10 million. These savings were primarily ...
Minnesota Considers Allowing Liquor Wholesalers to Distribute Low-Potency Hemp Edibles
LOS ANGELES -A bipartisan bill introduced in the Minnesota House of Representatives seeks to permit licensed liquor wholesalers to distribute low-potency hemp edibles. Sponsored by Representatives Zack Stephenson (D) and Nolan West (R), House File ...
New Study Suggests Medical Cannabis Highly Cost-Effective Treatment for PTSD
LOS ANGELES-A recent study highlights the affordability and effectiveness of medical cannabis as a treatment for individuals with moderate post-traumatic stress disorder (PTSD). Conducted by researchers at Leafwell, the study suggests that medical cannabis could ...
Emerging Policies Reshape the Psychedelics Industry
LOS ANGELES- The psychedelics sector is undergoing significant transformations due to evolving regulatory policies and scientific advancements that could redefine their therapeutic applications. A notable development occurred in August 2024 when the U.S. Food and ...
Arizona’s Cannabis Sales Experience Downturn in 2024
LOS ANGELES- In 2024, Arizona's combined medical and adult-use cannabis market saw a decline, with total sales amounting to $1.1 billion, a decrease from the nearly $1.3 billion recorded in both 2022 and 2023. The ...
New Jersey Governor Proposes Increase to Cannabis Social Equity Tax
LOS ANGELES- Governor Phil Murphy has proposed raising New Jersey's social equity excise fee on cannabis from $2.50 to $15 per ounce. This proposal aims to generate additional revenue for social service and violence intervention ...
Industrial Hemp Regulation Undergoing Comprehensive Review
LOS ANGELES- The regulatory framework governing industrial hemp is currently under extensive review, aiming to address emerging challenges and align with evolving industry practices. This initiative seeks to refine existing policies to better support the ...
Cannara Biotech Extends BMO Credit Facility and Convertible Debenture to Strengthen Financial Position
LOS ANGELES- Cannara Biotech Inc. has announced the extension and amendment of its existing credit agreement with the Bank of Montreal (BMO) and a convertible debenture with Olymbec Investments Inc. These strategic financial adjustments aim ...
NYC Sheriff Files Lawsuit Against Home Contractors Over Alleged Permit Violations
LOS ANGELES- New York City Sheriff Anthony Miranda, known for his enforcement actions against unlicensed cannabis dispensaries, has initiated a $350,000 lawsuit against home contractors for allegedly failing to secure necessary permits during renovations of ...
Sà Wea: Pioneering African Heritage and E-Commerce Innovation in the Luxury Cannabis Industry
LOS ANGELES — In the cannabis industry, often lacking cultural diversity and unique storytelling, Sà Wea Luxury Inc. stands out as the first luxury cannabis lifestyle brand to integrate African heritage into its identity. Founded ...
Bright Green Corporation Completes Restructuring, Exits Cannabis Sector
LOS ANGELES- Bright Green Corporation has finalized its restructuring plan, marking a strategic shift from the cannabis industry to the production of all U.S. Drug Enforcement Administration (DEA) scheduled controlled substances. This decision includes an ...
Pennsylvania Lawmakers Propose State-Run Dispensaries for Recreational Cannabis Sales
LOS ANGELES- In a move toward legalizing recreational cannabis, Pennsylvania legislators have introduced proposals to establish state-owned dispensaries, mirroring the state's existing model for alcohol sales. State Representatives Dan Frankel and Rick Krajewski advocate for ...
Florida Republican Lawmakers Propose Expansion of Medical Cannabis Access
LOS ANGELES- In recent legislative developments, certain Republican lawmakers in Florida have introduced bills aimed at broadening access to medical cannabis within the state. Notably, these proposals include provisions that would permit qualified medical cannabis ...
