Whitney Economics’ new report, focused exclusively on the New York market, strongly suggests that the state’s cannabis market will hit $6 billion in two years. Despite a difficult launch, New York now has more than 200 licensed stores open and is poised to deliver just under a billion in sales …
Cookies Retail has filed a complaint against Cookies Creative Consulting and Promotions claiming the company didn’t follow through with a settlement agreement from a past lawsuit. The case lists several defendants but PTB Investment Holdings, LLC also known as GVB Biopharma is the one most referred to in the case. …
Compass Pathways (NASDAQ: CMPS) plans to cut about 30% of its workforce and halt early-stage research programs as the firm focuses resources on completing late-stage trials of its lead COMP360 program. The London-based company announced the restructuring alongside third-quarter financial results that showed a widening net loss of $38.5 million …
The Internal Revenue Service continues to be a thorn in the side of state-legal marijuana businesses, even as their hemp industry cousins largely dodge the taxman’s scrutiny, creating an increasingly lopsided playing field. “Hemp is not subject to 280E, or is at least reasonably interpreted as not being subject to …