M4MM
Texas Governor Backs Regulation Over Ban in Hemp THC Showdown
DALLAS —Texas Governor Greg Abbott has drawn a firm line in the sand when it comes to the future of the hemp industry in the Lone Star State. In a public statement on July 22, ...
Single Psilocybin Dose Shows Promise in Easing OCD Symptoms, Study Finds
LOS ANGELES – In a pioneering study, researchers from the University of Hertfordshire and Imperial College have uncovered the potential of psilocybin to alleviate symptoms of obsessive-compulsive disorder (OCD). Published in Comprehensive Psychiatry on July ...
Glass House Raid Sparks Industry Fears and Rival Tensions
LOS ANGELES – Highly Capitalized Network-HCN is closely monitoring the unfolding developments following the July 10, 2025, when federal agents from Immigration and Customs Enforcement (ICE) and the Drug Enforcement Administration (DEA) stormed Glass House ...
Method Man and Zamnesia Partner to Launch Eight TICAL Cannabis Seeds in U.S. and Europe
LOS ANGELES- Zamnesia—a European online retailer specializing in cannabis seeds—has partnered with Method Man’s cannabis brand, TICAL, to launch eight exclusive premium seeds across the U.S. and Europe. The collaboration, announced in early June 2025, ...
Aurora Cannabis Denies Acquisition of MedLeaf Therapeutics
LOS ANGELES- Aurora Cannabis Inc. publicly refuted recent reports claiming it was acquiring New Zealand–based MedLeaf Therapeutics. In a statement issued on June 18, 2025, the Edmonton-headquartered company confirmed it “has not entered into any ...
MJ and MSOS ETFs Signal High Upside on U.S. Legalization Outlook
LOS ANGELES- Investment in cannabis-focused ETFs such as Amplify’s MJ and AdvisorShares’ MSOS reflects growing investor anticipation of federal legalization-driven expansion, even amid pronounced volatility and structural headwinds. Analysts argue that rescheduling cannabis from Schedule I ...
Legislative Wave Follows Growth of Hemp-Infused Beverage Market
LOS ANGELES- The market for hemp-derived cannabis beverages has expanded rapidly since the 2018 federal legalization of hemp, reaching an estimated value of over $1 billion today and projected to exceed $30 billion by 2035. ...
Texas Governor Backs Regulation Over Ban in Hemp THC Showdown
DALLAS —Texas Governor Greg Abbott has drawn a firm line in the sand when it comes to the future of the hemp industry in the Lone Star State. In a public statement on July 22, ...
Single Psilocybin Dose Shows Promise in Easing OCD Symptoms, Study Finds
LOS ANGELES – In a pioneering study, researchers from the University of Hertfordshire and Imperial College have uncovered the potential of psilocybin to alleviate symptoms of obsessive-compulsive disorder (OCD). Published in Comprehensive Psychiatry on July ...
Glass House Raid Sparks Industry Fears and Rival Tensions
LOS ANGELES – Highly Capitalized Network-HCN is closely monitoring the unfolding developments following the July 10, 2025, when federal agents from Immigration and Customs Enforcement (ICE) and the Drug Enforcement Administration (DEA) stormed Glass House ...
Biden Administration Begins Formal Rulemaking Process Downgrading Cannabis to Less Dangerous Drug
WASHINGTON, D.C. - President Joe Biden is officially advancing plans to ease federal cannabis restrictions. Today, Biden announced his administration's intention to reclassify cannabis from the most restrictive category on the federal list of illegal ...
Ohio Committee Approves Plan for Adult-Use Cannabis Sales
LOS ANGELES- The Ohio Joint Committee on Agency Rule Review (JCARR) has approved new regulations to allow medical cannabis dispensaries to sell adult-use products starting June 7, 2024. This development follows the voter approval of ...
Texas Senate to Hold Public Hearing on Delta-8, Delta-9 THC Products
LOS ANGELES- The Texas Senate will hold a public hearing on May 29 to discuss a potential ban on delta-8 and delta-9 THC products. These products have been widely available in Texas since 2019, following ...
Study Finds Psilocybin Use Does Not Significantly Alter Religious Beliefs
LOS ANGELES- A new study from Johns Hopkins University, published in the Journal of Psychoactive Drugs, indicates that a single psilocybin experience is unlikely to change an atheist's belief in God or alter a person's ...
Federal Judge Orders Cannabis Dispensary Operator to Bargain with Union
LOS ANGELES- In a landmark decision, U.S. District Judge Myong Joun has mandated that the cannabis dispensary operator I.N.S.A. must negotiate with the United Food and Commercial Workers (UFCW) union, despite its employees voting against ...
Enveric Biosciences Eyes Major Licensing Deals for Its Drug Pipeline
NEW YORK- Enveric Biosciences is actively pursuing licensing agreements that could potentially net the company up to $410 million in milestone payments. This initiative follows a newly announced partnership with MindBio and comes amidst the ...
New York Cannabis Regulatory Chief to Resign Amid Program Overhaul
LOS ANGELES- Chris Alexander, the Executive Director of New York's Office of Cannabis Management (OCM), is set to resign at the end of his three-year term in September, as announced by Governor Kathy Hochul. The ...
Minnesota Residents Sue for Right to Sell Home-Grown Cannabis
LOS ANGELES- In Minnesota, a legal battle is unfolding as four individuals who legally cultivate cannabis have initiated a lawsuit against state cannabis regulators. The plaintiffs argue that the Minnesota Constitution permits them to sell ...
Idaho Medical Cannabis Initiative Gains Momentum Amid New Signature Drive
LOS ANGELES- In Idaho, one of the few states without any legal cannabis framework, the advocacy group Kind Idaho is making strides to place a medical cannabis initiative on the 2024 ballot. The organization faces ...
Product Recall in Arizona Due to Contamination Concerns
LOS ANGELES- The Arizona Department of Health Services has issued a recall for a product known as Onion Bhaji after laboratory tests detected possible contamination with Aspergillus, a fungus known to cause allergic reactions or ...
Massachusetts Orders Cease on THCV Products by Hemp Company
LOS ANGELES- The Massachusetts Department of Agricultural Resources (MDAR) has issued a cease and desist order to Bay State Extracts, a state-licensed hemp business, directing it to stop the production and sale of products containing ...
Ohio to Award Dual-Use Cannabis Licenses by June
LOS ANGELES- Ohio is set to begin the transition to allow existing medical cannabis dispensaries to sell cannabis recreationally. The state's Joint Committee on Agency Rule Review has approved regulations for dual-use licenses, with applications ...
A Delays Hearing on Psychedelic Compounds
LOS ANGELES- The Drug Enforcement Administration (DEA) has postponed a crucial administrative hearing originally scheduled for June on the proposed ban of two psychedelic compounds, 2,5-dimethoxy-4-iodoamphetamine (DOI) and 2,5-dimethoxy-4-chloroamphetamine (DOC). This decision follows a legal ...
U.S. Policy Shifts on Cannabis and Psilocybin for Chronic Pain Management
LOS ANGELES- In a landmark policy shift, the U.S. Drug Enforcement Agency (DEA) has announced plans to reclassify cannabis from a Schedule I to a Schedule III controlled substance, a category that includes less restricted ...
Global Landscape of Recreational Cannabis Legalization as of 2024
LOS ANGELES- As of April 2024, the global landscape for recreational cannabis legalization remains limited, with only nine countries having fully legalized its use nationwide, according to Visual Capitalist. Notably, Germany recently joined Malta and ...
