Psyence Group Inc. (CSE: PSYG) told investors that it will be consolidating all of its issued and outstanding share capital on the basis of every 15 existing common shares into one new common share effective April 23, 2025 with a record date of April 23, 2025. As a result of …
Author: Extroverting
Nebraska medical cannabis regulations stall in legislative committee
A Nebraska legislative committee voted 5-3 against advancing a bill designed to implement and regulate the state’s medical cannabis program, leaving legislators and advocates searching for alternative paths forward, according to the Nebraska Examiner. The General Affairs Committee rejected Legislative Bill 677, sponsored by State Sen. Ben Hansen of Blair, …
Regulatory chaos threatens US hemp industry
The U.S. hemp-derived cannabinoid market has swelled in total value, but the industry continues to face serious threats from a messy patchwork of state bans and regulations that are stunting growth and pushing production overseas, according to a leading cannabis economist. “All this hysteria over cannabinoids is having a profound …
Report: California regulators suspend cannabis lab’s business license for questionable test results
California marijuana testing facility BelCosta Labs in Long Beach lost its business permit for allegedly inflating THC potency results for clients and other infractions, MJBizDaily reported Thursday, citing an April 10 letter from state regulators to the lab which said its permit was suspended “effective immediately.” The California Department of …