MAPS Public Benefit Corp. closed a $100 million Series A funding round and rebranded as Lykos Therapeutics, the company announced Thursday. The funding, which will support the company’s development of MDMA-assisted therapy for post-traumatic stress disorder, comes from a range of new investors, alongside the conversion of an undisclosed sum …

Functional mushrooms have seen a significant spike in interest since last summer, a development that analysts say is a result of rising interest for natural health products in general. According to a recent Brightfield Group report, these mushrooms, which are believed to help the body manage stress, used to be …

The Daily Hit is a recap of the top financial news stories for Jan. 4, 2024. On the Site California Cannabis Company Sues State, Alleges ‘Massive Overcollection’ of Taxes HNHPC Inc. – which is a wing of Long Beach-based Catalyst Cannabis Co. – has filed suit against several state agencies, …

Mississippi health officials ordered more than two-thirds of the medical marijuana products currently on the market be retested for safety, following an anonymous tip that claimed many of the goods were tainted with pesticides. According to the Magnolia Tribune, the state Department of Health put an administrative hold on about …