As Colorado works to finalize rules around its soon-to-come psychedelics industry, its capital city is preparing to host a consumer show focused on psychedelic therapy. The Open:Minds Expo will bring together a diverse group of industry leaders and professionals in Denver to meet, learn from and promote the therapeutic options …
Category: Psychedelics
Bright Minds stock jumps over 3,000% in five days
Psychedelic drug company Bright Minds Biosciences Inc. (NASDAQ: DRUG) saw its stock rocket higher by 1,445% to close the day on Tuesday at $38.49 as the stock rose $36 per share. The stock had opened at $2.67 per share and has mostly traded in the range of $1-$2 over the …
Banks Stand To Generate Over $2 Billion In Revenue From Marijuana Industry Interest Payments By 2035, New Report Finds
As the marijuana industry continues to expand, a new economic analysis finds that the capital that cannabis businesses are expected to need will translate into upwards of $2.4 billion in revenue for banks from loan interest payments over the next 10 years. The report from CTrust, Whitney Economics and Green Check Verified projects that the
Report: States struggle to balance revenue, risks around cannabis taxation
As more states usher in recreational marijuana, they face a thorny challenge: how to tax it effectively. That’s especially true when it comes to prepping for eventual federal legalization, according to a new report from Tax Foundation. The study shows that 23 states now have taxes on recreational marijuana, with …