This story was republished with permission from Crain’s Chicago and written by John Pletz. Somewhere on the long road to the finish line in Illinois, an effort to rein in hemp products and another to keep struggling new cannabis companies afloat both sputtered. Two bills that passed the state Senate late last week …
Delaware axes ‘qualifying conditions’ for medical cannabis
Delaware Gov. John Carney signed into law this week a bill that allows essentially any patient to obtain a doctor’s certification for medical marijuana, a drastic change from the state’s longstanding and narrow list of qualifying medical conditions that make patients eligible to purchase legal cannabis, according to NORML. The …
Federal health agency acknowledges potential medical benefits of psilocybin in new PSA webpage
A new webpage apparently posted within the past week by a federal U.S. health agency acknowledges that psilocybin may have medical value, particularly for treating depression, despite its current status as a federally banned Schedule I drug. The page, “Psilocybin for Mental Health and Addiction: What You Need to Know,” …
Nextleaf loses C$1 million in most recent quarter, despite growing revenue
Canadian cannabis processing firm Nextleaf Solutions Ltd. (CSE: OILS) (OTCQB: OILFF) reported a net loss of C$1 million for its second fiscal quarter, which ended March 31, despite growing revenue year-over-year by 57% to C$4.6 million. The British Columbia-based company blamed the loss on “a non-cash charge related to a …