Virginia’s governor has signed a pair of bills that will legalize a form of psilocybin under state law if and when the psychedelic is approved by federal officials. “Upon approval by the U.S. Food and Drug Administration (FDA) of a formulation of psilocybin designed to be administered by a health care professional in a health

Also in the Forbes CMO newsletter: A bid for the world's largest music label, controversy over electronic shelf labels, OpenAI changes force marketers to pivot (again).

Marijuana sales are increasing as purchases of alcohol are declining, according to a new federal report from the Canadian government. Retailers in the country sold C$5.5 billion worth of legal recreational cannabis products in the fiscal year ending March 31, 2025, Statistics Canada reported, representing a 6.1 percent increase from the previous annual period. Meanwhile,

Hemp businesses also want to block a new rule that raises licensing fees by thousands of dollars.

The black market has shrunk, police investigations are restricted, youth use remains stable, and the medical cannabis industry has become Europe's largest, according to the second evaluation of Germany’s partial cannabis legalisation.