AdvisorShares says its fund custodian has approved direct ownership of Glass House Brands stock, a move the firm says could lower derivative-related costs for shareholders following the company’s NYSE uplisting. In a post Monday, AdvisorShares said it has approval from the fund custodian to hold Glass House Brands directly under its new ticker symbol, GLAS. …
Category: News
Latest cannabis news covering legalization, legislation, court rulings, business developments, research, sales data, regulatory updates and policy changes across the U.S.
TerrAscend Signs Deal to Acquire Fifth New Jersey Dispensary, Files Proxy Statement for Potential U.S. Uplisting
TerrAscend Corp. announced today that it has signed an agreement that would give the company the option to acquire a fifth dispensary in New Jersey, while also moving forward with a shareholder vote intended to help position the company for a potential listing on a major U.S. stock exchange. The company said its consolidated entities …
Tilray to Acquire Medical Cannabis Telehealth Platform HelloMD
Tilray Brands announced today that it has reached a deal to acquire HelloMD Corporation’s Canadian medical cannabis assets, adding a digital healthcare and patient engagement platform to its medical marijuana operations. The acquisition remains subject to formal court approval, which Tilray said is expected June 29. Financial terms were not disclosed. HelloMD operates as a …
House Speaker Mike Johnson Won’t Block Marijuana Banking Vote If GOP Support Is There, Staffers Say
House Speaker Mike Johnson has privately told members of the Republican caucus that he will not stand in the way of the SAFE Banking Act receiving a full House vote if a majority of House Republicans support advancing the measure, according to two House staffers who spoke with The Marijuana Herald. According to the staffers, …
Virginia Legalizes Recreational Marijuana Sales Through Budget Deal, With Launch Set for 2027
Virginia has formally enacted a plan to launch licensed recreational marijuana sales, ending years of delays in creating a regulated adult-use market. On Monday, the Senate and House of Delegates adopted Governor Abigail Spanberger’s (D) proposed amendments to the state budget legislation, which lawmakers had initially approved last week. Because both chambers accepted her recommended …
Full-Spectrum Cannabis Oil With CBD and THC Prevents Early Liver Damage in Diet-Induced Disease Model, Study Finds
A full-spectrum cannabis oil containing both CBD and THC helped prevent early liver damage tied to a sugar-rich diet, according to a new study. The study, published in the journal Medical Cannabis and Cannabinoids, was conducted by researchers from Universidad de Buenos Aires, Universidad Nacional del Litoral and other Argentine institutions. It examined the effects …
Supreme Court Declines DOJ Appeal in Marijuana Consumer Gun Rights Case
The U.S. Supreme Court today declined to hear the DOJ’s appeal in a case involving a man prosecuted for having guns while being a marijuana consumer, leaving in place a ruling that found the federal ban was unconstitutional as applied to him. The case, United States v. Daniels, centered on Patrick Darnell Daniels Jr., who …
New Jersey Assembly Bill Would Allow Liquor Stores to Sell Low-Dose THC Beverages, Senate Companion Already Filed
A New Jersey Assembly lawmaker filed companion legislation yesterday to a Senate bill introduced earlier this month, with both measures allowing liquor stores to sell low-dose THC beverages. Assembly Bill 5338, filed June 28 by Assemblymember Michael Venezia (D), was referred to the Assembly Oversight, Reform and Federal Relations Committee. The measure is a companion …
DEA Receives Two New Applications to Import Marijuana and THC for Research, Testing
The Drug Enforcement Administration has received two separate applications from companies seeking federal authorization to import marijuana-related controlled substances, according to notices scheduled to be published in the Federal Register on June 30. In one filing, the United States Pharmacopeial Convention applied to be registered as an importer of marijuana and marijuana extract, both of …
Louisiana Withdraws From DEA Marijuana Rescheduling Proceeding Days Before Hearing
Louisiana will no longer participate as part of a group of states opposing federal marijuana rescheduling, after a Drug Enforcement Administration administrative law judge granted the state’s request to withdraw from the proceeding. In an order dated June 25, DEA Chief Administrative Law Judge Derek C. Julius said Louisiana filed a motion one day earlier …
