Cannect Wellness has secured $7 million in new funding, the company said on Tuesday. The Chicago-based craft cannabis producer plans to use the capital infusion to beef its production capacity, expand its product portfolio and double its workforce. This latest capital infusion brings the firm’s total equity financing to $14.5 …
Category: Psychedelics
Cannabis, psychedelics on the ballot in seven states
Election day is just a month away, and this year millions of voters will decide the fates of at least seven pro-cannabis and psychedelic ballot measures in states across the nation. Here’s a quick look at the measures up for consideration and what the various initiatives would do. Arkansas Issue …
Massachusetts looks to become third state to legalize psychedelics with ballot question
Massachusetts voters next month will have the chance to legalize five different psychedelic drugs for use in treating mental health disorders, with Question 4 on the state ballot. If the initiative is victorious, it’ll make Massachusetts the third state to take such a policy leap, following Oregon and Colorado, which …
The Daily Hit: October 2, 2024
The Daily Hit is a recap of the top financial news stories for Wednesday, October 2, 2024. On the Site Judge clears Tilray execs of wrongdoing, dismisses investor lawsuit The lawsuit centered on allegations of fraud related to Tilray’s 2019 deal with Authentic Brands. Read more here. Arkansas cannabis campaign …