As we closed out 2022, we saw the federal government pass its first standalone cannabis law, the Medical Marijuana and Cannabidiol Research Expansion Act, with more possible federal reform on the horizon. On the state level, the industry has seen an ever-increasing push for additional medical and/or adult-use legalization... Read more

LOS ANGELES, Feb. 17, 2022 – PRESS RELEASE – MedMen Enterprises Inc., a cannabis retailer with operations across the U.S., continues to make progress in its restructuring efforts. Efforts to date have been effective, resulting in a return to positive adjusted EBITDA and a 34% reduction in payroll costs across... Read more

Oklahoma Gov. Kevin Stitt does not support the legalization of adult-use cannabis in his state—or any singular state, for that matter—preferring instead to leave the question to the federal government. But in the course of his executive duties, Stitt did concede the point that cannabis legalization remains a state-by-state... Read more

Twitter announced this week that the platform will now allow licensed cannabis businesses to run purchase advertising campaigns—provided that those businesses are targeting only those users who live within a given state market. The sudden move opens a major marketing opportunity for licensed operators. The social media landscape has... Read more

Rep. Jessica Gonzalez, D-Dallas, filed a measure Feb. 7 that would allow local legalization of adult-use cannabis in Texas. The measure, House Bill 1937, would permit “counties and municipalities to adopt an order or ordinance that would legalize the recreational use of cannabis within their jurisdiction” and would direct... Read more

The path for Minnesota to legalize adult-use cannabis in 2023 continued to progress this week as legislation advanced through additional House and Senate committees. Most recently, the Minnesota House Education Committee adopted House File 100 as amended on Feb. 16. That was the ninth committee in the lower chamber... Read more

LAS VEGAS (Feb. 16, 2022) – Cannabis Conference, the cannabis industry’s leading educational event for plant-touching businesses, has announced its Advisory Board for 2023. Now in its seventh year and produced by award-winning media brand Cannabis Business Times (CBT), Cannabis Conference will return to the Paris Las Vegas Hotel & Casino... Read more

TALLAHASSEE, Fla., Feb. 15, 2023 – PRESS RELEASE – Trulieve Cannabis Corp., a leading and top-performing cannabis company in the United States, claimed Feb. 15 to be the first multistate operator in the cannabis industry to launch advertising campaigns on Twitter. This follows a policy change made by the global social media platform on... Read more

2022 was a terrible year for cannabis stocks. In fact, the 70.4% decline in the New Cannabis Ventures Global Cannabis Stock Index was the worst year ever. It followed a very disappointing year that saw the index decline after peaking at over 4 times the low level from early... Read more

In a letter sent to attorney Rod Kight Feb. 13, the U.S. Drug Enforcement Administration (DEA) declared delta-8- and delta-9-THC-O acetate as Schedule I controlled substances. Kight sent a letter to the DEA Aug. 17, 2022, inquiring about the cannabinoids’ legal status under the Controlled Substances Act (CSA). “I... Read more