news

In Iowa, a federal court upheld a ban on synthetically produced intoxicating hemp compounds, ruling against two companies that sought to block the new state law. Climbing Kites and Field Day Brewing Co. challenged the law, which took effect on July 17 but failed to prove the law violates the...

Adults in Minnesota can legally possess and use recreational cannabis though the state has not yet launched its retail market, which is planned for next year. To that end, more than 3,100 licenses for social equity were pre-approved, and the Office of Cannabis Management (OCM) shared a 110-page...

Phytanix Bio, a preclinical stage pharmaceutical company, has released an updated investor deck. The presentation showcases a business strategy aimed at developing new cannabinoid-based pharmaceuticals. The company, which has ties to historical pharmaceutical developments in the cannabis industry,...

The rescheduling of cannabis from a Schedule I to a Schedule III substance is on the horizon. Whether it happens before or after the upcoming election doesn’t not worry Tilray’s (NASDAQ:TLRY) CEO Irwin Simon. He says he’s confident about the future of the company regardless....

A recent survey shows a significant majority of cannabis-related businesses want intoxicating hemp products regulated. But it’s not the same for those who are profiting from it as for those who are not. Nearly half of hemp businesses expressed a desire for regulatory oversight on intoxicating...

Unidentified compounds in hemp products are raising safety concerns among experts. Lab executives say compounds are created when hemp-derived cannabinoids convert to delta-8 and delta-9 THC, forming a “soup” of unidentified chemicals. Susan Audino, a chemist and independent consultant,...

It is illegal to ship marijuana through the US Postal Service (USPS) regardless of which state it comes from or is mailed to. It also goes without saying that it’s illegal for US postal workers to steal the weed from packages they happen to come across it in the mail room. Two former...

MedMen’s properties in Illinois, Nevada, and New York are moving closer to sales, but the outlook is not so promising in California and Massachusetts. The slow but steady closing up shop for MedMen Enterprises is proceeding under California-based receiver Richard Ormond, who filed an update...

Delta Extraction, a Missouri-based cannabis oil manufacturer, is facing a near $20 million lawsuit following last year’s massive product recall. Filed by former contractor SND Equipment Leasing, the lawsuit claims Delta Extraction owes over $13 million for producing THC concentrate oil and...

Analyst Lorimer Wilson, a contributor at TalkMarkets, signaled that Canadian Limited Partnership (LPs) Cannabis Companies did much better than American multi-state operators (MSOs) as the cannabis sector remains highly volatile, with stock prices reacting sharply to news. Canadian Cannabis...

Are you a Pot Master, with robust empirical experience in your cannabis crops? Or maybe someone that loves the plant and wants to build a future around it? If you are from New Jersey or don’t mind the trip, you can now have your knowledge certificated and enhanced. Beginning this fall, ...

Cannabis leader Trulieve Cannabis Corp (OTC:TCNNF) recently contributed another $1 million to Smart & Safe Florida, adding to what is already the single largest pro-cannabis fund in U.S. history. This addition brings Trulieve’s total support for Amendment 3 to nearly $55 million over two...

Delaware Governor John Carney (R) has until Monday, July 8, to decide on a fast-track bill that would kick off recreational cannabis sales. The measure, already approved by both the Delaware House of Representatives and Senate, would allow existing medical cannabis dispensaries to start selling...

Montreal-based company, The Good Shroom (TSTX:MUSH), announced its financial results for the quarter ended on April 30, 2024. The report includes results for the subsidiary Teonan Biomedical Inc. “The consistent profitability this quarter, despite a challenging market, highlights our focused...