A prominent New York attorney and diversity, equity and inclusion executive has been appointed to join the top marijuana regulatory board in the Empire State, replacing now-former member Adam Perry. A spokesperson for the Office of Cannabis Management and the Cannabis Control Board confirmed that Perry resigned earlier this month …
Nevada cannabis sales down from pandemic years, but rebound in sight
A new Nevada state report confirms that the home to Sin City has been suffering a multiyear downturn in its cannabis trade, parallel to many other states that have seen marijuana sales slump since the end of the COVID-19 pandemic and quarantine-era government stimulus checks. But it also predicts a …
The Daily Hit: September 24, 2024
The Daily Hit is a recap of the top financial news stories for Tuesday, September 24, 2024. On the Site Tilray joining the hemp-THC club in the U.S. with infused beverages Riding the DTC hemp wave allows the Canadian producer to expand its portfolio beyond just traditional marijuana and alcohol …
Psyence Group offloads PsyLabs stake to spinoff
Psyence Group (CSE: PSYG) said it will sell its 11.13% stake in PsyLabs to its affiliate Psyence Biomedical (Nasdaq: PBM) for $1.1 million in stock. The deal calls for Psyence Biomedical to issue shares valued at 55 cents each to Psyence Group, according to a news release. PsyLabs is a …