This story was republished with permission from Crain’s Detroit and written by Dustin Walsh. The ex-wife of one of Michigan’s early legal marijuana pioneers has entered the state’s cannabis market. Susan Radway, former spouse of embattled former chair, CEO, and founder of Skymint, Jeff Radway, has purchased the cannabis plants …
A New York processor has filed another lawsuit against regulators, alleging retaliation after speaking out about regulatory violations in the state’s marijuana market. Jenny Argie, owner of Jenny’s Baked at Home Company, claims the Office of Cannabis Management (OCM) used its authority to punish her following public statements about unlawful …
Illinois Gov. J.B. Pritzker asserted Thursday that his state’s cannabis social equity program is thus far the most successful in the nation during a speech to a room full of marijuana industry attorneys. Pritzker, who gave the keynote address at the seventh annual Cannabis Law Institute held in Chicago this …
“The present study represents the first human clinical trial to examine the acute effects of CBG on anxiety, stress, and mood.” The post Clinical Trial: Hemp-Derived CBG Associated With Decreased Stress, Improved Memory appeared first […]
Overall, current cannabis consumers possessed 42 percent lower odds of suffering from metabolic syndrome. The post Study: Cannabis Use Inversely Associated With Metabolic Syndrome in Younger Adults appeared first on NORML.
“The US federal government has thus far been unwilling to revise federal immigration law to match current public sentiment on drugs,” the study’s authors concluded. The post Analysis: Nearly 50,000 People Have Been Deported for […]
Cannabis decriminalization will “help address systemic inequities and promote treatment-focused alternatives to criminal penalties for substance use disorders,” the ACP resolved. The post Physicians Group Calls for Cannabis Decriminalization appeared first on NORML.
The Court’s majority concluded that medical cannabis does not meet the statutory definition of an “illegal drug.” The post Oklahoma: Medical Cannabis Use While Pregnant Doesn’t Constitute Child Neglect, Appellate Court Rules appeared first on […]
This story was republished with permission from Crain’s Detroit and written by Dustin Walsh. Michigan lawmakers are seeking to simplify Michigan’s marijuana regulations. State Reps. Graham Filler, a Republican from St. Johns, and Jimmie Wilson Jr., a Democrat from Ypsilanti, introduced legislation to merge the state’s existing medical marijuana and recreational marijuana frameworks …
Just one in four marijuana businesses are profitable, according to a new survey. Yet optimism about the future of their enterprises has increased on the heels of the Biden administration’s push to reschedule marijuana. The new survey data from Whitney Economics, which was partly detailed in a public comment on the federal government’s pending marijuana
While everyone in the cannabis industry has likely heard of Trulieve Cannabis Corp. (OTCQX: TCNNF) by this point, some of the multistate operator’s biggest competition in Florida might be coming from some of the state’s smallest players. According to the latest data from the state’s Office of Medical Marijuana Use, …
The Daily Hit is a recap of the top financial news stories for Wednesday, July 24, 2024. On the Site SEC sues California cannabis investor over $38 million ‘Ponzi-like’ scheme Newell, through Black Hawk and its related funds, promised investors a 10% annual return, but the funds were not profitable. …
Privately owned wholesale platform company LeafLink is buying Dama Financial’s banking division for an undisclosed amount. The announcement follows LeafLink‘s recent upsizing of its Series D fundraising round from $100 million to $125 million, potentially to fund the acquisition. Leaflink previously raised $100 million in 2023 when it named its current …
RBC Capital Markets initiated coverage on Compass Pathways (NASDAQ: CMPS) with an “Outperform” rating on Tuesday, citing the potential for $2.3 billion in peak revenues from its lead psilocybin-based therapy program. In a research note shared with Green Market Report, RBC analyst Leonid Timashev set a $23 price target on …
Blue Whale Enterprises Inc., which operates a dispensary under the Cookies brand name in New Mexico, agreed to pay $350,000 in fees to settle allegations of multiple violations during its grand opening event last year, according to a settlement agreement released by regulators. The New Mexico Cannabis Control Division alleged …
Cannara Biotech Inc. (TSXV: LOVE) (OTCQB: LOVFF) reported total revenue for its fiscal third quarter, which ended May 31, increased 27.6% to C$26.2 million versus C$20.6 million in the 2023 third quarter. The company attributed the increase to its entrance into new provinces in Canada, as well as the launch …
It’s been a minute since the market has seen a medical cannabis company go public via a SPAC. Phytanix Bio, a pharmaceutical company dedicated to the development of therapeutics based on cannabinoid and cannabinoid-like molecules is going public through a Special Purpose Acquisition Corp. called Chain Bridge I (Nasdaq: CBRG). …
The Daily Hit is a recap of the top financial news stories for Monday, July 22, 2024. On the Site The DEA marijuana rescheduling comment period is over. What’s next? Monday marks the last date on which the U.S. Drug Enforcement Administration was accepting comments from members of the public …
Johnson & Johnson (NYSE: JNJ) has asked U.S. regulators to approve its nasal spray Spravato as a standalone treatment for adults with treatment-resistant depression, the company announced Monday. The pharmaceutical giant is seeking to expand the use of Spravato, which is currently approved only in combination with oral antidepressants. Approval …
The U.S. Food and Drug Administration has intensified its warning against Diamond Shruumz-brand products as reports of severe illnesses linked to the company’s edibles continue to climb. As of July 15, the FDA reports 69 illnesses across 28 states, with 36 hospitalizations and one death potentially associated with the products. …