M4MM
Virginia Cannabis Licenses Delayed Again After Spanberger Veto
RICHMOND-Virginia’s long-delayed adult-use Cannabis market has suffered another major setback after Governor Abigail Spanberger vetoed legislation that would have created a regulated retail sales framework for the Commonwealth. The veto means Virginia will remain in ...
Planet 13 Secures Florida Approval for BHO Extraction Lab
LAS VEGAS – Planet 13 Holdings Inc. announced that it has received approval from the Florida Office of Medical Marijuana Use (OMMU) for its butane hash oil (BHO) extraction facility in the state. The approval ...
FDA Grants Breakthrough Designation to Vertanical Cannabis-Based Pain Drug
BERLIN – The U.S. Food and Drug Administration (FDA) has granted Breakthrough Therapy Designation to VER-01, a Cannabis-derived, non-opioid investigational drug developed by Germany's VERTANICAL for the treatment of chronic low back pain. VER-01 is ...
Charlotte Figi Day: The Enduring Legacy of a Girl Who Sparked a Revolution in Cannabis
LOS ANGELES – Every year on April 7, Colorado officially observes Charlotte Figi Day, a day set aside by proclamation of Governor Jared Polis to honor a remarkable young girl whose courage, suffering, and breakthrough ...
Innocan Pharma Closes Additional Insider Debenture
HERZLIYA-CALGARY – Innocan Pharma Corp. announced that it had completed the closing of an additional secured debenture with its largest shareholder, Tamar Innovest Ltd., for gross proceeds of $200,000. The financing follows the company’s earlier ...
New Mexico Allocates $630K for Medical Psilocybin Treatment Equity Fund
SANTA FE – Gov. Michelle Lujan Grisham signed the state’s annual budget bill, setting aside $630,000 to create the Medical Psilocybin Treatment Equity Fund and extend access to supervised psilocybin therapy for low-income and rural ...
Vireo Growth and MWBE-Led Ace Venture Announce Strategic Partnership
NEW YORK – Vireo Growth Inc. has struck a deal with minority and women-owned business enterprise (MWBE) of Ace Venture of NY to hand over controlling ownership of its long-running medical Cannabis operations in the ...
Virginia Cannabis Licenses Delayed Again After Spanberger Veto
RICHMOND-Virginia’s long-delayed adult-use Cannabis market has suffered another major setback after Governor Abigail Spanberger vetoed legislation that would have created a regulated retail sales framework for the Commonwealth. The veto means Virginia will remain in ...
Planet 13 Secures Florida Approval for BHO Extraction Lab
LAS VEGAS – Planet 13 Holdings Inc. announced that it has received approval from the Florida Office of Medical Marijuana Use (OMMU) for its butane hash oil (BHO) extraction facility in the state. The approval ...
FDA Grants Breakthrough Designation to Vertanical Cannabis-Based Pain Drug
BERLIN – The U.S. Food and Drug Administration (FDA) has granted Breakthrough Therapy Designation to VER-01, a Cannabis-derived, non-opioid investigational drug developed by Germany's VERTANICAL for the treatment of chronic low back pain. VER-01 is ...
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 ...
NEW: Comprehensive List of Cannabis Events in 2025
LOS ANGELES - The cannabis industry is alive with opportunity and collaboration in 2025. These events serve as critical platforms for education, networking, and driving business success. Whether you're a veteran in the industry or ...
Week In Review: Cross-currents in Cannabis and Psychedelics: Legal Momentum, Market Shakeups, and Policy Flashpoints Define the Week
LOS ANGELES — Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets with some states doing amazingly well. And some, well...they're not doing so well (hello New ...
Week In Review: Organigram Expands U.S. Market; The Senator Who Legalized Consumable Hemp Now Wants to Ban It; Curaleaf Takes Full Control of European Arm in Bold Strategic Move
LOS ANGELES — Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets with some states doing amazingly well. And some, well...they're not doing so well (hello New ...
