Leading European government ministers have concluded that more must be done to develop a sustainable framework to regulate recreational cannabis across the region.

On Thursday, a group of scientists recommended to Canada's top health regulator that CBD is "safe and tolerable" in healthy adults and should be available without a prescription.

Canadian cannabis and alcohol company Tilray Brands reported a fourth quarter net loss of $457.8 million and a net loss of $434 million for fiscal 2022.

The U.S. House of Representatives has passed a revised bipartisan bill that would make it easier for researchers to study marijuana. The bill was passed Tuesday by a vote of 325 to 95.

The U.S. Senate held a committee hearing on Tuesday on the legalization of marijuana for the first time in the history of the chamber, but no action was taken.

Illinois regulators announced Friday the initial winners of 185 new recreational marijuana retail licenses.

22nd Century Group, an agricultural biotechnology company, announced that it has registered a direct offering of shares that is expected to raise a total of $35 million.

Senate Majority Leader Chuck Schumer (D-N.Y.) finally introduced legislation Thursday to repeal decades-long federal marijuana prohibition, a milestone that marijuana industry leaders are pleased about, even though the chances of a legalization bill becoming law are slim.

Alleaves, a Florida-based cannabis enterprise resource planning (ERP) technology platform, said it is closing a $40 million Series A round of funding to accelerate its multi-state commercial rollout.

Saskatchewan cannabis nursery Mother Labs recently succeeded in securing $1.8 million in federal funding, demonstrating that Canada's cannabis industry can benefit from government financing at a time when capital is scarce.

As the midterm elections approach and Congress rushes to clear up unfinished business, a bipartisan group of lawmakers is frustrated that Senate Democrats continue to reject the Secure Banking Act that has already passed the U.S. House of Representatives.

The National Cannabis Business Association says it will cease operations by July 31 due to economic difficulties. Founded in 2017, the Wisconsin-based NACB is a national association of cannabis growers, business owners, suppliers and CBD or cannabis affiliates.