Marijuana rescheduling just got real. On Monday, the U.S. Department of Health and Human Services under the Joe Biden administration formally recommended to its peers at the Department of Justice that marijuana be moved lower on the list of federally controlled substances, from Schedule 1 to Schedule 3, Bloomberg reported …

The Daily Hit is a recap of the top financial news stories for Aug. 29, 2023. On the Site New York Judge Changes Course on Exemptions, Freezes All Cannabis Licensing New York state Judge Kevin Bryant abruptly reversed course in a new order on Tuesday that now forestalls any exemptions …

Nutraceutical firm Irwin Naturals Inc. (CSE: IWIN) (OTC: IWINF) (FRA: 97X) continued to pay for its expansion into psychedelics clinics, posting a $5.4 million loss in the second quarter ended June 30, down from a $111,000 profit for the same period a year ago. Total losses for the year so …

Red Light Holland Corp. (CSE: TRIP) (OTCQB: TRUFF) reported a solid boost in sales in its first-quarter financial statements ending June 30. The Ontario-based psilocybin truffles company recorded revenue of $1.2 million for the period, an increase of 53.1% compared to $800,000 in 2022, and gross profit of $500,000, up …