cannabis industry
7 stories related to this topic, newest first.
The FederalistFBI Searches Virginia Sen. L. Louise Lucas’s Office and Co-Owned Marijuana Dispensary in Federal Corruption Probe
Federal agents executed court-authorized search warrants on May 6, 2026, at the Portsmouth legislative office of the Virginia Senate President Pro Tempore and an adjacent marijuana retail business she co-owns. The action is part of a long-running federal corruption probe into pos…
mumbrella.com.auiAnthus Capital CEO Resigns Effective Immediately
iAnthus Capital Holdings reported the immediate resignation of its chief executive officer in an SEC filing. The departure initiates a leadership transition process and requires disclosure of any interim appointments within regulatory deadlines.
The Free PressClass-Action Lawsuit Targets Three Major U.S. Cannabis Firms on Advertising Claims
A class-action lawsuit accuses three of America's largest cannabis companies of falsely advertising their products as treatments for mental health and pain disorders. Filed in federal court in Illinois on behalf of consumers in 12 states, the suit seeks accountability for misrepr…
Substrate placeholder — needs reviewTrump Administration Changes Student Loan Discharge Methods and Relaxes Medical Marijuana Rules
The Trump administration has altered several processes for discharging student loans. It has also decided to ease federal regulations on medical marijuana, providing significant tax breaks for cannabis companies. These changes could impact borrowers and the cannabis sector.
SemaforTrump Administration Moves Marijuana from Schedule I to Less Restrictive Category
The Trump administration reclassified marijuana on April 23, 2026, removing it from the same federal category as heroin and LSD. The move eases research barriers and provides tax benefits for the legal cannabis industry. It does not legalize marijuana nationwide, amid ongoing sta…
Substrate placeholder — needs reviewWM Technology Announces Preliminary Q1 2026 Revenue of $42M-$44M and Nasdaq-to-OTCQX Listing Shift
WM Technology released preliminary financial results for the first quarter of 2026, projecting revenue between $42 million and $44 million. The company also announced plans to delist from Nasdaq and transition to OTCQX. Full earnings are scheduled for release on May 11, 2026.
Substrate placeholder — needs reviewColorado's Legal Cannabis Market Faces Challenges from Oversupply and Interstate Competition
Colorado's legal cannabis market, the first in the United States, is experiencing difficulties due to oversupply and competition from other states. These factors have disrupted the industry following periods of record highs. The situation highlights ongoing adjustments in the nat…