M4MM
Colorado Lawmakers Back Temporary On-Site Cannabis Consumption Events
DENVER – Colorado's House Committee on Business Affairs & Labor voted 7-5 to advance House Bill 26-1117, a measure that would let licensed Cannabis hospitality businesses hold temporary on-site consumption events. Sponsored by Rep. Naquetta ...
Explosion at New Jersey Extraction Facility Highlights Ongoing Safety Risks in Cannabis Processing
NEW JERSEY–A powerful explosion at an extraction facility in Logan Township, New Jersey on March 4 has left several workers seriously injured and reignited discussion around safety risks in solvent-based Cannabis processing. The blast occurred ...
Cresco Labs Reports Q4 and Fiscal Year 2025 Financial Results
CHICAGO – Cresco Labs Inc. released its fourth-quarter and full-year 2025 earnings, showing revenue of $162 million for the final three months and a focus on cash flow amid industry pressures. The company generated $656 ...
West Virginia and Mississippi Advance Ibogaine Research Bills
CHARLESTON–JACKSON – Lawmakers in West Virginia and Mississippi have advanced legislation to support research into ibogaine, a psychedelic compound derived from the iboga plant, with the goal of pursuing FDA approval for its use in ...
UCLA Partners with Terpene Belt Farms to Research Cannabis Flavors
LOS ANGELES – Terpene Belt Farms, a subsidiary of Nexus Agriscience, has been selected as the industry partner in a University of California-led research funded by a $1.23 million grant from the California Department of ...
Virgin Islands Sets Fall 2026 Target for Legal Cannabis Retail Launch
CHARLOTTE AMALIE – The U.S. Virgin Islands Office of Cannabis Regulation has accelerated its timeline for the start of licensed Cannabis sales, with executive director Joanne Moorhead stating that regulated retail operations are now expected ...
Florida Cannabis Legalization Initiative Fails to Qualify for 2026 Ballot
LOS ANGELES – Florida Secretary of State Cord Byrd announced that the Smart & Safe Florida campaign failed to submit the required number of valid signatures to qualify its proposed constitutional amendment for the ballot. ...
Colorado Lawmakers Back Temporary On-Site Cannabis Consumption Events
DENVER – Colorado's House Committee on Business Affairs & Labor voted 7-5 to advance House Bill 26-1117, a measure that would let licensed Cannabis hospitality businesses hold temporary on-site consumption events. Sponsored by Rep. Naquetta ...
Explosion at New Jersey Extraction Facility Highlights Ongoing Safety Risks in Cannabis Processing
NEW JERSEY–A powerful explosion at an extraction facility in Logan Township, New Jersey on March 4 has left several workers seriously injured and reignited discussion around safety risks in solvent-based Cannabis processing. The blast occurred ...
Cresco Labs Reports Q4 and Fiscal Year 2025 Financial Results
CHICAGO – Cresco Labs Inc. released its fourth-quarter and full-year 2025 earnings, showing revenue of $162 million for the final three months and a focus on cash flow amid industry pressures. The company generated $656 ...
Federally Funded Survey: Cannabis Use By Teens Hits Historic Low
WASHINGTON, D.C- (NORML) Federally funded survey data provided by the University of Michigan reports that teen marijuana use has declined significantly over the past decade and is now at historic lows. Consistent with data previously reported by the Centers ...
Organigram Expands Market Presence with Strategic Investments and Acquisitions
LOS ANGELES- Organigram Holdings Inc., a Canadian cannabis producer, is actively broadening its market reach through strategic investments and acquisitions, supported by British American Tobacco (BAT). In November 2023, Organigram secured a follow-on strategic equity ...
Tennessee Judge to Rule on Hemp Product Regulations by December 24
LOS ANGELES- A Davidson County Chancery Court judge is expected to decide by December 24, 2024, on a request to block new state regulations affecting hemp-derived products in Tennessee. The Tennessee Department of Agriculture (TDA) ...
What You Need to Know When Planning Cannabis Tax Strategies for 2025
NEW YORK--Every CFO needs to know that Section 280E of the Internal Revenue Code (IRC) presents a significant challenge for cannabis businesses operating in the United States. This provision, enacted in 1982, was originally designed ...
How Cannabis Companies Can Raise Capital in a Challenging Environment
NEW YORK-The cannabis industry has seen impressive growth over the last decade, but the landscape has become more challenging as businesses face regulatory hurdles, tax burdens, and market saturation. Despite these obstacles, cannabis companies can ...
Canopy Growth Finalizes Acquisition of Acreage Holdings
LOS ANGELES- Canopy Growth Corporation, a Canadian cannabis company, has completed its acquisition of Acreage Holdings through its U.S. subsidiary, Canopy USA, LLC. This transaction grants Canopy USA full ownership of Acreage Holdings, a multi-state ...
Virginia Democrats Plan to Reintroduce Cannabis Sales Legislation Amid Governor’s Opposition
LOS ANGELES- In Virginia, Democratic legislators are preparing to reintroduce a bill to establish a regulated market for adult-use cannabis sales. This initiative follows Governor Glenn Youngkin's veto of similar legislation in March 2024, citing ...
Exploiting the 2018 Farm Bill Loophole: The Rise of Legal Hemp in the Non-Legal Cannabis Market
LOS ANGELES--The regulatory landscape for cannabis in the United States has changed significantly since the passage of the 2018 Farm Bill, which legalized the cultivation of hemp and its derivatives. This legislation inadvertently created a ...
Section 280E Tax Law Challenges Cannabis Industry
LOS ANGELES- Section 280E of the Internal Revenue Code presents significant financial challenges for cannabis businesses by prohibiting the deduction of ordinary business expenses associated with the trafficking of Schedule I or II controlled substances, ...
Wisconsin Senate Minority Leader Proposes Medical Cannabis Legalization for 2025
LOS ANGELES- Senate Minority Leader Melissa Agard (D-Madison) has announced plans to introduce legislation to legalize medical cannabis in Wisconsin during the 2025 legislative session. This initiative builds upon previous efforts that have encountered resistance ...
Cannabis Business: A Month-by-Month Year in Review for 2024
LOS ANGELES- Wow...2024 flew by but left a lot of casualties as the emerging market of cannabis, continues its emergence in 2024. Here's what went down in case you were away from your desk: January ...
Brownie Mary: The Unlikely Heroine of Cannabis Advocacy
SAN FRANCISCO–In the quiet streets of San Francisco during the 1970s, an unassuming elderly woman with frizzy hair and a grandmotherly smile quietly built a legacy that would forever change the trajectory of cannabis legalization ...
Japan Enacts Stricter Cannabis Laws with Severe Penalties
LOS ANGELES- Japan has recently implemented stringent measures against cannabis use, introducing penalties of up to seven years in prison for consumption. Previously, while possession and cultivation were illegal, personal use was not explicitly prohibited. ...
Psychedelics Show Promise in Alleviating End-of-Life Psychological Distress
LOS ANGELES- Recent studies indicate that psychedelics, particularly psilocybin, may help reduce depression, anxiety, and existential distress in patients with terminal illnesses. A systematic review published in Psychopharmacology analyzed data from various studies and found ...
Medical Cannabis Set to Launch in Ukraine in Early 2025
KYIV- After Ukraine legalized cannabis for medical use earlier this year, a key lawmaker announced that the first cannabis-based medicines could be available as early as next month. Olga Stefanishyna, a member of Ukraine’s parliament ...
